MACRO ECONOMIC NEWS

MAY THIS DAY GOD OPEN A DOOR FOR US TO ENTER INTO. WISHING A SACRED DAY AHEAD.

Macro Economic News 19 Sep 2018

 

U.S. employers are boosting benefits—including bonuses and vacation time—at a faster pace than salaries, a move that gives them more flexibility to dial back that compensation if the economy turns sour. The China said it plans to impose new tariffs on $60 billion in U.S. exports. The number of people living in extreme poverty is becoming concentrated in some of the most unstable and populous parts of Africa, raising the risk of political violence and devastating disease outbreaks.

 

FINANCIAL TIMES

[I]  China retaliates against new US tariffs as trade war escalates

[I]  Trump weighs Poland’s request for US military base

[I]  Contradictions expose Brazil election frontrunner’s soldier image

[I]  China prepares to dig in its heels in face of US tariff pressure

[I]  White House hawks ratchet up trade hostilities with China

[I]  US spares rare earths in China trade war

[I]  Pakistan to raise import duties to head off currency crisis

[I]  Migration report argues for radical economic shift

[I]  Bank watchdog rules out ‘back-to-back’ trading ban after Brexit

 

REUTERS

[I]  India, U.S. closing in on deal to remove trade irritants

[I]  China to penalise $60 billion of U.S. imports in tit-for-tat move

[I]  BOJ keeps policy steady, sticks to rosy economic view

[I]  Japan exports rise as U.S.-bound shipments grow amid trade war fears

[I]  China sets new debt reduction targets for 30 state firms: state media

[I]  Trump says U.S.-South Korea trade deal may be signed at U.N.

[I]  New Pakistan government hikes taxes, cuts spending

[I]  India's struggle to defend rupee shifts focus to rate hikes

[I]  Why is Japan's monetary policy so unpopular with banks?

 

BLOOMBERG 

[I]  U.S.-China Trade War Spells Divorce of World's Biggest Economies

[I]  Jobs-for-Saudis Plan Tests Retailers Used to Cheap Foreign Labor

[I]  Beijing Fears, China Cuts Treasuries, Abe the Survivor: Eco Day

[I]  Shadow Financing Accelerated China Stock Market Crash of 2015

[I]  Merger Plan Erases $2.8 Billion From India State-Run Lenders

[I]  China Cuts U.S. Treasury Holdings as Trade War Intensifies

[I]  Bond Traders See 2019 as Battleground for Bets on Fed Rate Path

[I]  Dollar and Treasury Curve Show Economy Concerns, BNY Mellon Says

 

WALL STREET JOURNAL

[I]  Benefit Gains Exceed Wage Growth, New Labor Data Show

[I]  China Retaliates With Tariffs on $60 Billion of U.S. Goods

[I]  Business to Trump: Keep Canada in Nafta

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

[I]  U.S. Business Groups Urge Trump to Keep Canada in Nafta

[I]  Extreme Poverty Concentrates in Sub-Saharan Africa

[I]  Many Investors Expect Global Growth to Slow

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

 

BUSINESS LINE

[I]  Radical invoicing proposal could do away with GST returns chore

[I]  SEBI shelves plan to extend equity trading hours

[I]  Govt plans hike in gold import duty to check rising CAD

[I]  GST can do a lot without troubling taxpayers

[I]  Lowering inflation is a major structural reform in India: IMF official

[I]  Bank amalgamation: Is it much ado about nothing?

[I]  RRBs facing capital headwinds

 

ECONOMIC TIMES

[I]  Are Allahabad Bank, Uco Bank and UBI to be merged next?

[I]  RBI could opt for a separate dollar window for oil companies

[I]  10-year bond yield rises to 8.14% from 8.10%

[I]  Bankers do not see quick relief from withholding tax cut on masala bonds

[I]  Rainfall deficit widens to 10% below normal levels

[I]  Rain, pests may hit Kharif crop in Gujarat, Maharashtra

[I]  Government eyes record 285.2 million tonne foodgrain output in 2018-19

[I]  US to exempt Indian steel, aluminium from high tariffs

[I]  Government panel calls for sweeping changes to payments law

 

BUSINESS STANDARD

[I]  India Inc wages and salaries grew 12.6% in Q1; hints of a hiring uptick

[I]  Sebi makes investing in mutual funds cheaper, caps expense ratio at 1.05%

[I]  As fresh deliberations start, e-comm policy may not take shape this year

[I]  Over 60% Indians ready to invest over $100 mn in distressed assets: Survey

[I]  More agents of foreign companies to approach courts against 18% IGST

[I]  Arun Jaitley bats for blending subsidy with investment to boost farm sector

[I]  Economic confidence in India slides to 56% in 2018 from 83% last year

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11340;  USDINR DGCX: 72.8325;  DJIA Mini: 26320;  FTSE 100 Fut: 7313;  NIKKEI 225 Fut: 23777;  EUR-USD: 1.1666; Crude Oil (WTI): 69.94;  Gold (Spot): 1199

 

Best Regards, ARBIND

19 Sep 2018