MACRO ECONOMIC NEWS

WISH THIS WEEKEND SHOWERS WONDERFUL BLESSINGS. GOOD MORNING.

Macro Economic News 01 Sep 2018

 

The U.S. is finalizing plans to double funding for big infrastructure projects around the world, seeking to counter China’s growing influence. U.S. household confidence rose in late August, and consumers are increasingly referencing job and income security when asked to explain why they are buying vehicles and homes. Trump will spend the weekend studying a hold on federal pay increases for 2019 that he instituted a day earlier.

 

FINANCIAL TIMES

[I]  EU in favour of calling time on daylight saving

[I]  California prepares to impose female quota on company boards

[I]  Have we learnt the lessons of the financial crisis?

[I]  IMF wrestles with history in tackling Argentine peso crisis

[I]  India’s rupee slides to record low against dollar

 

REUTERS

[I]  April-July fiscal deficit at 5.4 trillion rupees

[I]  India gold demand steadies before festivals, China interest ticks up

[I]  Indian stocks set for new highs even though rated expensive: Reuters poll

[I]  North Korea preparing toned-down military parade: analysts

[I]  Bank of Japan's Kuroda: no rate hike 'for an extended time' - paper

[I]  U.S. halts funding to U.N. agency helping Palestinian refugees

[I]  China says will prevent haphazard investment in auto industry

[I]  U.S. to move ahead with Mexico trade pact, keep talking to Canada

 

BLOOMBERG 

[I]  Lula Banned From Brazil Presidential Race by Election Court

[I]  Nafta Lives to Fight Another Day Even as U.S.-Canada Talks Stall

[I]  U.S. Alerts Congress of Mexico Deal, Says Canada Can Join On

[I]  Trump to Skip Asia Summits as Doubts Over U.S. Commitment Linger

[I]  If Fed Policy Is Still Easy, Consumers Aren't Getting the Memo

[I]  Italy Rating Outlook Cut By Fitch on Possible Fiscal Loosening

[I]  Argentina May Be Cut Deeper Into Junk After Peso Plunge, S&P Says

[I]  WTO Head Warns U.S. Exit Would Mean Chaos for American Business

[I]  London Leads Widening U.K. Wealth Gap Since Financial Crisis

[I]  Argentina Is Considering Reinstating Taxes on Crop Exports

 

WALL STREET JOURNAL

[I]  To Counter China, U.S. Looks to Invest Billions More Overseas

[I]  Consumer Sentiment Boosted by Job Optimism

[I]  U.S., Canada Pass Friday Deadline With No Nafta Deal

[I]  Canada Needs Pact More Than Mexico, U.S.

[I]  Trump Says He Will ‘Study’ Federal-Worker Pay

[I]  Core Inflation Hits Fed’s 2% Target as Spending Heats Up

[I]  Atlanta’s Growing Pains Are Getting Worse

[I]  U.S. Consumer Spending Rose 0.4% in July

 

BUSINESS LINE

[I]  With rupee at 71/$, consumers are in for big price shocks

[I]  Four top global submarine-makers shortlisted for Navy’s $8-billion Project-75 programme

[I]  At 8.2%, Q1 GDP growth beats all expectations

[I]  Fiscal deficit crosses 86% of Budget Estimate in four months

[I]  To increase tourist inflows, Govt to roll back e-visa fee

[I]  Stressed assets: Liquidation, sale on piecemeal basis not the right strategy

[I]  Kharif sowing crosses the 100-million-ha mark; rice leads

 

ECONOMIC TIMES

[I]  Banks will work for 5 days in Sept first week

[I]  Rupee at 71: What aided the slide?

[I]  Forex reserve rises $445 million to $401.293 billion

[I]  Kharif crop planting increases as heavy rains raise reservoir levels

[I]  Economy to grow at higher rate in coming quarters: Niti Aayog

[I]  India's GDP grows at 8.2 per cent in 2018-19 Q1

[I]  India's core industries' growth slows down in July

[I]  UIDAI relaxes minimum Aadhaar enrolment targets, related deadlines for banks

 

BUSINESS STANDARD

[I]  India Post Payments Bank launch today: Postmen to deliver banking services

[I]  Law Commission proposes doing away with concept of Hindu Undivided Family

[I]  Downward march: Rupee breaches 71-mark against dollar for first time

[I]  Income tax returns surge 76%, cross 52 million filings before deadline

[I]  Fallout of weak rupee: Contract price revision looms over domestic IT firms

[I]  Eight core sector growth sees a slight bump, dips to 6.6% in July

[I]  India's manufacturing sector rises to a nine-quarter high of 13.1%

[I]  India's gross value added in allied activities, agriculture surges to 5.3%

[I]  Why big players piling into Indian retail may be in for a rude surprise

[I]  Tomato prices fall to Rs 2 per kg; farmers unable to recover transport cost

 

Best Regards, ARBIND

01 Sep 2018