MACRO ECONOMIC NEWS

MAY THIS DAY BRING INFINITE PROSPERITY. WISHING A BLESSED DAY AHEAD.

Macro Economic News 18 Sep 2018

 

President Trump said he will impose new tariffs on about $200 billion in Chinese goods and threatened to add hundreds of billions more, escalating trade tensions between the world’s largest economies. Fresh doubts are emerging about the potency of a U.S.-led sanctions campaign aimed at crippling North Korea’s economy and forcing the country to end its atomic-weapons programs, as denuclearization talks have stalled.

 

FINANCIAL TIMES

[I]  White House prepares list for new China tariffs

[I]  Producers urge coffee companies to cover farmers’ costs

[I]  Hammond backs IMF warning on no-deal Brexit

[I]  Spain seeks tougher legal guarantees on Gibraltar in Brexit deal

[I]  Indian rupee drops to near-record low despite Modi’s efforts

[I]  Pakistan auctions fleet of official cars in austerity drive

[I]  Overheated job market risks financial upheaval, says Fed official

[I]  Russia’s disinformation campaign is a ‘major concern’

 

REUTERS

[I]  Bank of Baroda, Dena Bank, Vijaya Bank to be merged

[I]  Japan's Aso: BOJ will take appropriate policy to meet price target

[I]  China securities official says U.S. trade action will not work

[I]  Japan calls for early solution to U.S.-China trade war

[I]  U.S. to sharply limit refugee flows to 30,000 in 2019

[I]  U.S. Air Force seeks growth to stay ahead of China, Russia

[I]  UK PM May tells rebels: It's my Brexit deal or no deal

[I]  Britain's lasting scars from the financial crisis

 

BLOOMBERG 

[I]  U.S. Consumers Dragged Into Trade War as Bigger Growth Hit Seen

[I]  The Trade War Is On: How We Got Here and What's Next

[I]  Five Asia Flashpoints to Watch as U.S.-China Trade War Heats Up

[I]  China's Central Bank Has $1.3 Trillion Money-Fund Headache

[I]  India’s Troubled Rupee Pushes Gas Prices to a Record High

[I]  Five Things You Need to Know to Start Your Day

 

WALL STREET JOURNAL

[I]  Trump Announces New Tariffs on Chinese Imports

[I]  Trump Adviser Kudlow Blames Deficits on Spending, Not Tax Cuts

[I]  Richard Clarida Sworn in as Vice Chairman of Federal Reserve Board

[I]  Trump Promised a Rush of Repatriated Cash; Companies Say Not So Fast

[I]  New Doubts Emerge About U.S.-Led Sanctions on North Korea

[I]  A Twist in the U.S. Tariff Battle: ‘It’s Helping China Be More Competitive’

[I]  China Rebukes Local Officials Over Debt Pile

[I]  Global Economy Week Ahead: Brazil Rate Decision and U.S. Jobless Claims

 

BUSINESS LINE

[I]  Import curbs may cover steel, aluminium, alcohol, furniture

[I]  Commerce Ministry wants further delay in tit-for-tat tariffs against US

[I]  CNG prices likely to rise 12-14% in Oct

[I]  No withholding tax on interest payment of masala bonds

[I]  SEBI board to announce key policies at its meet today

[I]  Regulator tweaks norms for buyback offers, CRAs

[I]  Reeling under 26% rain deficit, Gujarat stares at decline in kharif output

[I]  PFRDA and IRDAI working to streamline issuance of annuities

[I]  Rupee resumes fall as govt measures fail to click

[I]  Post Brexit, EU/non-EU citizens will have same immigration rights, says Theresa May

 

ECONOMIC TIMES

[I]  Global factors to be blamed for rupee depreciation: FM

[I]  The key to success and longevity lies in planning

[I]  In new world order, output counts, not attendance

[I]  Hope to cross Rs 11.5 lakh cr direct tax collection target for FY19:CBDT chief

[I]  Government may extend deadline for imposition of higher duties on 29 US products

[I]  2.1 million company directors may get another chance to adhere to KYC rules

[I]  Government announces measures to rescue sliding rupee

 

BUSINESS STANDARD

[I]  Agri-chemical companies betting on a sales boost on higher rabi sowing

[I]  Confusion over new regulations stalls infrastructure projects in Mumbai

[I]  List of 'non-essential' imports to be finalised by the end of this week

[I]  KYC norms: Directors protest disqualification, seek time to finish process

[I]  Withdrawal of 2018 southwest monsoon delayed; North India to see heavy rain

[I]  Banks' credit costs to stay at 2-3% till FY20, says India Ratings

[I]  Financial services sector has got $16.6-billion PE/VC deals since 2015

 

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 11377;  USDINR DGCX: 72.6750;  DJIA Mini: 26069;  FTSE 100 Fut: 7267;  NIKKEI 225 Fut: 23342;  EUR-USD: 1.1703; Crude Oil (WTI): 68.64;  Gold (Spot): 1199

 

Best Regards, ARBIND

18 Sep 2018