MACRO ECONOMIC NEWS

LIFE IS CELEBRATION, ESPECIALLY THIS WEEKEND. WISHING A CELEBRATED WEEKEND.

Macro Economic News 15 Sep 2018

 

Americans are feeling better about the economy in part because they have a rosier view of the future, a factor that could support spending and output growth later this year. American consumers reined in their spending in August, taking a breather after very strong sales growth in July. U.S. industrial output rose for the third month in a row in August, largely because of strong utility and motor-vehicle production.

 

FINANCIAL TIMES

[I]  EU seeks to bypass US sanctions on Iran with trade finance tool

[I]  India curbs imports to cut current account deficit and bolster rupee

[I]  Venezuela looks to China for help but gets few promises

[I]  Britain’s economy needs a smooth Brexit deal

[I]  Demand for choice will drive UK’s pensions revolution

 

REUTERS

[I]  Arun Jaitley outlines measures to stem rupee fall

[I]  Growth in Chinese home prices accelerates to two-year high

[I]  Australia's new treasurer to get tough on financial regulator

[I]  G20 trade ministers say WTO reform 'urgent' as new Trump tariffs loom

[I]  UK Labour warns big banks must never again be masters of the economy

[I]  Millions of Americans still trapped in debt-logged homes

[I]  Brexit endgame nears as series of summits begins

[I]  Fed faces 'quite challenging' period keeping recovery on track: Yellen

[I]  U.S. auto sector output boosts industrial production

 

BLOOMBERG 

[I]  Keeping Skies Safe in the Age of the Drones

[I]  G-20 Discussed ‘Urgent Need’ to Improve WTO

[I]  Trump Wants $200 Billion in China Tariffs Despite Talks, Sources Say

[I]  Pimco's CEO Sees 55% Chance of Slowdown Over Next Two Years

[I]  Crude Caps Weekly Advance as Iran Sanctions Bite Into Supply

[I]  Debt Burdens Are Eating Up a Growing Share of Canadian Incomes

[I]  Fed May Face Hard Choices to Keep Control of Overnight Rates

 

WALL STREET JOURNAL

[I]  U.S. Consumers Brighten, Upbeat About the Future

[I]  U.S. Retail Sales Rose Slightly in August

[I]  Industrial Production Rose in August

[I]  NLRB Pushes to Rescind Obama-Era Union Ruling

[I]  Most Economists See Tariff Effects on U.S. Economy as Limited

[I]  Economists Split Over Path of Interest Rates in 2019

[I]  House Republicans Move to Extend Individuals’ Tax Cuts

[I]  Fed’s Barkin Warns Tariffs Threaten Business Confidence

[I]  U.S. Budget Deficit Widened in August, Treasury Says

[I]  Yellen Recommends Fed Formalize ‘Lower-for-Longer’ Guidance

 

BUSINESS LINE

[I]  India has third-highest number of family firms

[I]  FinMin reinstates levy on imported solar modules

[I]  Maharashtra tops in covering ‘non-loanee’ farmers under PM’s crop insurance scheme

[I]  Competition panel’s diagnostic toolkit to curb bid-rigging in public procurement

[I]  WPI inflation dips to 4.53% in Aug

[I]  Low-pressure may form over Bay in next 4-5 days

[I]  India climbs one spot to 130 in UNDP’s Human Development Index

[I]  High-level panel discusses ‘quick solutions’ for power sector NPAs

[I]  RBI to buy G-Secs for Rs. 10,000 crore via open market ops on September 19

 

ECONOMIC TIMES

[I]  Govt brings in 5 big fixes to get widening CAD under control

[I]  The changing image of Indian students

[I]  Gold leans on safe haven charm, even demand is lending a hand

[I]  Forex reserve falls below $400 billion mark

[I]  Bangladesh seeks wider investments from India

[I]  Finance ministry reinstates safeguard duty on solar panels and modules

[I]  India ranks 130 in UN's human development index

[I]  August trade deficit narrows to $17.39 billion from $18.02 billion in July

[I]  Wholesale inflation cools in August as food prices soften

[I]  August WPI inflation at 4.53% vs 5.09% in July

 

BUSINESS STANDARD

[I]  Insolvency process: Banks to seek RBI clarity on SC's status quo order

[I]  Consumer durables firms, GST body continue to spar over profiteering

[I]  Govt urges states to raise power purchase; plans to revive stalled projects

[I]  Mid-sized IT firms join larger peers in recruitment drive, step up hiring

[I]  AIF investments swell by 90% to Rs 750 billion in June quarter

[I]  Regulatory whip for scheme offering high returns in a short span of time

 

Best Regards, ARBIND

15 Sep 2018