MACRO ECONOMIC NEWS

LIVING IS LEARNING TO LOVE ONESELF UNCONDITIONALLY. WISHING A  WEEKEND, FULL OF CELEBRATION.

Macro Economic News 13 Oct 2018

 

Though the central bank has boosted rates—drawing criticism from President Trump—it sees falling unemployment, economic growth and the return of normal inflation as other factors behind the rise. Interest rates are far below historical definitions of normal. Optimistic analysts believe the economy could have years left to run, and that the stock market selloff will prove to be a temporary bout of indigestion. A measure of economic confidence among American households edged down in early October but remained at a high level.

 

FINANCIAL TIMES

[I]  Turkey bows to US pressure and releases pastor Andrew Brunson

[I]  EU emissions rules and China curb car sales

[I]  Theresa May faces cabinet revolt over customs union plan

[I]  Indonesian president warns of global economic dystopia

[I]  Green campaigners defeated in attempt to block UK fracking

[I]  Deal flow bubbles up in coffee sector

 

REUTERS

[I]  China views yuan depreciation not in its interest: Mnuchin

[I]  Australia seeks to ban schools from expelling gay students

[I]  China's central bank says market to play decisive role in yuan exchange rate

[I]  IMF warns trade friction, market turmoil to hurt Asian growth

[I]  Crunch time for Italy, Brexit as leaders convene in Brussels

[I]  India's retail inflation picks up to 3.77 percent in September

[I]  India's September core consumer inflation at around 5.8 percent - analysts

[I]  U.S. import prices increase 0.5 percent on jump in fuel

 

BLOOMBERG 

[I]  Mnuchin Says He's Not Worried China Would Unload Treasuries

[I]  Bankers Fleeing Brexit Can Help Make Luxembourgish Great Again

[I]  Record Exodus From Credit Funds Outpaces Flight From Stocks

[I]  Wall Street Sees Treasuries Yield Curve Flattening Into 2019

[I]  Fed Does Consider Impact of Policy on Emerging Markets: Quarles

[I]  It’s Snowing So Much in Canada That Crops Can’t Get Harvested

 

WALL STREET JOURNAL

[I]  Fed Officials See Strong Economy Justifying Interest Rate Rises

[I]  Heard on the Street: Why Trump’s Fed Bashing Is Encouraging

[I]  Behind Market Turmoil, Potentially Good News

[I]  U.S., China Edge Closer to a Cold War

[I]  U.S. Consumer Sentiment Cooled Slightly in Early October

[I]  U.S. Import Prices Rose in September

[I]  Social Security Benefits to Get 2.8% Boost, Largest Since 2012

[I]  One of the Least Immigrant-Friendly Nations Now Wants Them Long Term

 

BUSINESS LINE

[I]  With Aadhaar nixed, banks seek new KYC norms

[I]  10% ethanol blending with petrol can lower fuel price by Rs. 3/litre: Experts

[I]  Official: Oil from existing strategic reserves cannot be used for commercial purposes

[I]  Experts call for aligning competition law with IBC for faster NPA resolution

[I]  Quality comes to the fore as start-up environment matures, say experts

[I]  Industry sees no immediate solution to call-drops

[I]  MSP no relief to farmers as mandi prices rule lower

 

ECONOMIC TIMES

[I]  US gives India a piece of its mind over Iran

[I]  Forex reserves dip below $400 billion again

[I]  RBI to sell Cash Management Bills raising Rs 15K for Government

[I]  Agronomists strive to contain a brand new American pest

[I]  India, Azerbaijan to take steps to boost bilateral trade

[I]  In the works: Uniform stamp duty for financial instruments

 

BUSINESS STANDARD

[I]  USFDA drug approvals at all-time high; Indian firms get 35-40% of nods

[I]  Drug makers want free hand in pricing and advertising OTC drugs

[I]  Industrial production loses steam, growth at 3-month low of 4.3 % in Aug

[I]  September retail price inflation inches up, stays below RBI's 4% target

 

Best Regards, ARBIND

13 Oct 2018