MACRO ECONOMIC NEWS

BLINDNESS IS BETTER THAN HAVING SIGHT WITHOUT VISION. WISHING AN ENVISIONED WEEKEND.

Macro Economic News 20 Oct 2018

 

The housing market is stumbling through its longest slump in four years, as the divergence between a booming U.S. economy and weakening home sales that many had dismissed as temporary now looks poised to continue. China’s economic expansion slowed to its weakest pace since the financial crisis, as top financial regulators launched an extraordinary coordinated effort to calm jittery investors.

 

FINANCIAL TIMES

[I]  Chinese stocks facing worst month since 2016

[I]  Trump threatens to shut down US-Mexico border in migrant row

[I]  EU seeks to defuse Italy budget tension amid slowdown

[I]  EU orders Poland to halt overhaul of supreme court

[I]  China strikes upbeat note on growth despite slowdown

[I]  Brexit spurs refugees’ descendants to seek German passports

[I]  UK and Spain reach Brexit deal on Gibraltar

 

REUTERS

[I]  RBI objects to payments regulator outside its control

[I]  Fed's Kaplan sees two-three more rate hikes to hit 'neutral' level

[I]  Scientists prepare for expedition to the world's deepest depths

[I]  Russian charged with conspiring to interfere in U.S. congressional elections

[I]  Saudi conference boycott a political threat to economy

[I]  U.S. general says he may not have been the target

[I]  OPEC, allies struggle to fully deliver pledged oil output boost

[I]  China's economic growth hits weakest pace since 2009

[I]  China's regulators rush to rally market confidence, boosting shares

[I]  RBI eases bank lending limits to some non-banking finance firms

 

BLOOMBERG 

[I]  Italy Cut to One Step Above Junk by Moody's in Wake of Bond Rout

[I]  Oil’s Plunge Has Investors Cutting Their Bullish Bets

[I]  What the EU Looks for in the Budgets of Italy and Others

[I]  Saudi Economic Conference Plans to Go On With ‘Updated’ Program

[I]  Fed's Bostic Says Saudi Arabia Situation Poses Geopolitical Risk

 

WALL STREET JOURNAL

[I]  Housing Market Is Faltering and Strong Economy Offers No Cure

[I]  China Growth Slows to 6.5%; Finance Officials Try to Soothe Worried Investors

[I]  Chinese Shares Stabilize as Officials Line Up to Urge Calm

[I]  New ‘Opportunity Zone’ Rules Offer Developers Tax Breaks

 

BUSINESS LINE

[I]  NBFC turmoil roils market sentiments

[I]  Researchers warn Kerala of more landslides

[I]  RBI opens more liquidity taps to lend to NBFCs

[I]  Spot power tariffs in South soar on grid problems

[I]  Restaurants may soon have to declare calorie counts on their menu cards

[I]  Taxpayers can be prosecuted for non-filing of returns even if eligible for a refund: Delhi HC

[I]  Thermal power demand outstrips projections, coal production

 

ECONOMIC TIMES

[I]  Euro falls towards two-month low after EU confronts Italy over budget

[I]  Dollar gains on euro as EC criticizes Italian budget

[I]  How HR heads are leading change

[I]  Onions prices on rise in Delhi wholesale markets

[I]  China trade pact stalls as Trump tariffs feed India backlash

[I]  Government imposes anti-dumping duty on certain steel products from China

[I]  IL&FS crisis may sound death knell for PPP

[I]  SC denies income tax exemption to local authority

[I]  UIDAI tells banks to continue Aadhaar-enabled payments

 

BUSINESS STANDARD

[I]  RBI eases norms for banks to lend more to NBFCs, housing finance companies

[I]  Easier ECB rules: OMCs look to raise $1.4 billion in first tranche

[I]  Foreign exchange reserves see highest fall of $5.1 billion in 7 years

[I]  Economy must adjust to recent rate hikes, eye on inflation needed: RBI MPC

[I]  China to launch 3 artificial moons with mirrors to provide 24-hour sunlight

 

Best Regards, ARBIND

20 Oct 2018