MACRO ECONOMIC NEWS

WISHING A WONDERFUL WEEKEND WITH WIT AND WHIZ

Macro Economic News 04 Aug 2018

 

UK hikes interest rates for second time in a decade. Sanofi and Novartis are stockpiling drugs to prepare for Brexit. Americans invested a lot more money overseas in 2017. India's fast-growing economy gets another interest rate hike. The $4.5 trillion experiment rattling markets. Russia dumped 84% of its American debt. Wage is lowest since 1938. Gold is plunging despite market volatility.

 

FINANCIAL TIMES

[I]  Italian PM seeks to calm jitters on budget

[I]  US hits Russian bank with sanctions over North Korea

[I]  Japan weighs sovereign fund for US infrastructure investments

[I]  Hedge funds fight back against tech in the war for talent

[I]  The war on drugs has been lost

 

REUTERS

[I]  RBI's choice: focus on falling rupee or bank cash crunch?

[I]  China plans tariffs on $60 billion of U.S. goods in latest trade salvo

[I]  India to impose tariffs on some U.S. goods in September

[I]  N.Y. Fed markets chief sees policy normalization going smoothly

[I]  U.S. court orders Trump administration to fully reinstate DACA programme

[I]  U.S. money market volatility seen as 'normal' during structural change: N.Y. Fed's Potter

[I]  U.S. retailer National Stores preparing to file for bankruptcy: sources

[I]  U.S. job growth slows in July, unemployment rate drops

[I]  Mexico sees key NAFTA issues resolved next week, Canada joining soon

 

BLOOMBERG 

[I]  Hedge Funds Unnerved by Trade War Cut Oil Bets to 2-Year Low

[I]  Tit-For-Tat Becomes the Norm as U.S., China Dig In for Trade War

[I]  ‘Fantastically Good’ Canadian Economy Shifts Focus to Rate Hike

[I]  Carney's Misunderstood BOE Rate Hike Inflames U.K. Brexit Divide

[I]  Smaller Restaurants Are Starving for Sales After Earnings Misses

[I]  These U.S. Industries Hired Most – and Least – in July

[I]  Argentine Central Bank Is Considering $5 Billion Repo Loan

[I]  U.S.-China Trade Tensions Escalate, Stifling Recovery: EM Review

 

WALL STREET JOURNAL

[I]  July Hiring Slowdown Masks Labor Market Strength

[I]  The Jobs Report in Eight Charts

[I]  July Employment by the Numbers

[I]  Fed Likely to Stay on Track for Rate Increase

[I]  Logistics Payrolls Surging Ahead of Fall Shipping Season

[I]  U.S. Trade Gap Widened in June

[I]  China Threatens Retaliatory Tariffs on $60 Billion of U.S. Products

[I]  China Fights Back After Yuan Slide

 

BUSINESS LINE

[I]  India Met dispels fears of a sub-par monsoon

[I]  TRAI pushes ‘Make in India’ in recommendations on telecom gear

[I]  Banks to back staff on loan decisions with legal, financial aid

[I]  Loan waivers, normal monsoon lead to 15% drop in crop insurance enrolment in FY18

[I]  ‘India faces skills deficit in Blockchain’

[I]  Include deposit-taking NBFCs in co-origination model: FIDC to RBI

 

ECONOMIC TIMES

[I]  Forex kitty contracts $20 billion in April-July

[I]  RBI's choice: Focus on falling rupee or bank cash crunch?

[I]  97% of family-run businesses in India don't have succession plan documents: Study

[I]  What companies and government are doing to empower persons with disabilities

[I]  India is being thrifty in good news for budget gap goal

[I]  GST Council to meet on August 4; panel to focus on MSME sector problems

[I]  Government to take action against 2.25 lakh companies for not filing financial statement

[I]  Government ready to make more changes, if necessary, to IBC

 

BUSINESS STANDARD

[I]  IMD says monsoon in August-September to be 'normal', contradicts Skymet

[I]  Pay gap: Top executives earn 3000 times that of the median employee

[I]  Govt achieves target of 50-mn free LPG connections 8-months before schedule

[I]  Services sector grows fastest since October 2016 to 54.2 in July: PMI

[I]  RBI rate hikes likely to cause bump in small savings interest rates

[I]  The crowdsourcing route to a fascinating documentation of familial memories

[I]  The Billionaire Raj: Cricket to elections, how money has changed everything

Best Regards, ARBIND

04 Aug 2018