MACRO ECONOMIC NEWS

WISH THIS WEEKEND BRINGS DECISIVE FUN AND PLEASURE. HAPPY WEEKEND.

Macro Economic News 11 Aug 2018

Employers are finding new ways to cut health care costs. China plans tariffs on $60 billion of US products. UK hikes interest rates for second time in a decade. Americans invested a lot more money overseas in 2017. Especially in Switzerland. India postpones retaliatory tariffs on US goods for a second time. India's fast-growing economy gets another interest rate hike. 

FINANCIAL TIMES

[I]  Turkish lira plunges as Trump takes tariff action

[I]  US-China trade spat could hit oil demand, IEA warns

[I]  Xi Jinping’s father elevated to China’s pantheon of communist greats

[I]  Industry body warns on proposed Russian metals tax

[I]  US bull market continues to ride out Trump risks

[I]  US core inflation rises at fastest pace in 10 years

[I]  Japan’s economy returns to growth in second quarter

REUTERS

[I]  Maldives seeks scaling back of Indian presence as it woos China

[I]  U.S.-Mexico NAFTA talks drag on as autos sticking points emerge

[I]  Bank sped up Manafort loan approval as CEO sought Trump cabinet job: witness

[I]  Far-right German leader sceptical of Bannon's anti-EU push

[I]  Trump imposes higher metals tariffs on Turkey

[I]  India's industrial output growth hits five-month high of 7 percent in June

[I]  Free-trade pacts hamper India's efforts to curb China textile imports

[I]  Gold in India shifts to discount, while China buying picks up

[I]  Russia tells Washington curbs on its banks would be act of economic war

BLOOMBERG 

[I]  Trump Embraces Market Pain With Little Concern of Contagion

[I]  PBOC Vows No ‘Strong’ Stimulus, Says Won't Use Yuan in Trade War

[I]  Euro Becomes Collateral Damage as Trump Amps Up Turkey Pressure

[I]  How Trump's Steel War on Turkey Is Set to Change Trade Flows

[I]  Turkey’s Meltdown Ripples Across Emerging Markets: Inside EM

[I]  Credit Market’s ‘Eyeball Valuations’ Raise Investors’ Eyebrows

[I]  Strong-Arm Governments Are Taking Over the Global Economy

[I]  Inflation Is Coming to Theater Near You as U.S. Companies Flex Pricing Power

[I]  EU Loses to Canada for No. 3 Wheat Exporter Title as Crops Fry

WALL STREET JOURNAL

[I]  Rising U.S. Consumer Prices AreEroding Wage Gains 

[I]  Trump Threatens Tariffs on Canadian-Made Cars 

[I]  Trump Vows to Double Metals Tariffs on Turkey, Escalating Dispute 

[I]  Economists See Growth Hitting 3% in 2018 

[I]  Turkey on the Economic Brink, Explained in a Dozen Charts

[I]  U.S. Budget Gap Widens

[I]  Canada Job Creation Surges in July

[I]  Pricey Housing Markets in West Are Cooling Off Most Quickly

BUSINESS LINE

[I]  With Rs. 80,675 cr in its account, govt plans Jan Dhan 2.0

[I]  IIP zooms to 7%, may push April-June quarter GDP to 7.5%

[I]  Agriculture Export Policy to be in line with WTO norms

[I]  ‘India can meet 300 mtpa steel production target by 2030’

[I]  India Inc comes good on operating profit but fixed costs temper net

[I]  Democratising the voting process at AGMs — the way forward

ECONOMIC TIMES

[I]  Maldives wants to replace India with China

[I]  India Inc's January-July deal tally at $74 billion: Report

[I]  Fresh spells of rains boosts Kharif planting

[I]  Government starts countervailing investigations on certain steel items from China, Vietnam

[I]  The leaders and laggards behind India's world-beating growth

[I]  Ministry of corporate affairs deregisters 50,000 shell companies in a week

[I]  Parliament passes bill to amend law for speedy disposal of commercial disputes

[I]  Parliament passes bill to amend Insolvency and Bankruptcy Code

[I]  No proposal to withdraw Rs 2,000 notes: Government

BUSINESS STANDARD

[I]  DoT is discussing a proposal for auctioning spectrum on a yearly basis

[I]  Govt plans to open up to 100 islands for eco-tourism in the next 12 months

[I]  At ODOP summit, President Kovind says UP can be a trillion dollar economy

[I]  Sowing of kharif crops at a steady pace despite deficit monsoon

Best Regards, ARBIND

11 Aug 2018