MACRO ECONOMIC NEWS

A BEAUTIFUL LIFE IS BUILT WITH LOVE, LAUGHTER, GRACE AND FORGIVENESS. WISHING A BEAUTIFUL WEEKEND AHEAD.

Macro Economic News 15 Dec 2018

 

Fresh economic figures from Europe and China added to concerns that weakening growth at the end of 2018 will carry over into a sharper slowdown next year, weighing on the solid but cooling U.S. expansion. Americans stepped up their spending at the start of the holiday season, suggesting the economy’s key engine is humming.

 

FINANCIAL TIMES

[I]  Chinese data showing slowdown spook global markets 

[I]  UN climate talks overrun as delegates struggle to reach deal

[I]  EU agrees to create budget for eurozone

[I]  US farm groups plead to add agriculture to EU trade talks

[I]  Car sales in China set for first annual fall since 1990s

[I]  Spanish banks step up sales of bad loans and distressed property

[I]  Stop sniping at central banks and set clear targets

[I]  Sydney’s house price slump deepens

[I]  Anti-China sentiment dents Kuala Lumpur’s property appeal

 

REUTERS

[I]  RBI board seeks more discussion on governance under new boss 

[I]  China's new home prices rise 0.9 percent month-on-month in November

[I]  Global growth worry hits stocks, but U.S. data lifts dollar

[I]  U.S. sets new March 2 date for China tariff increases amid talks

[I]  Nigeria lifts UNICEF suspension hours after accusing staff of spying for Islamists

[I]  China warns Tibetans ahead of Dalai Lama anniversary 

[I]  The price of progress in China: 'We traded our lives for development'

[I]  EU firmly rejects May's renegotiation efforts

[I]  India's November trade deficit narrows to $16.67 billion

[I]  U.S. sets new March 2 date for China tariff increases amid talks

[I]  U.S. consumer spending strengthening in boost to economy

 

BLOOMBERG 

[I]  China’s Home-Price Growth Eases Amid Lackluster Buyer Demand

[I]  Why Paul Krugman Would Pause Rate Hikes if He was Fed Chair

[I]  Australia to Recognize Jerusalem as Israel’s Capital, Report Says

[I]  The Stock Market Is the Most Divorced It’s Been From the Economy Since 2010

[I]  Calculating the Cost of Trump Turmoil in a Market Pushed to Brink

[I]  ‘Historic’ Tax Refunds Will Extend Retail Boom Into 2019

[I]  The Pessimist’s Guide to 2019: Fire, Floods and Famine

 

WALL STREET JOURNAL

[I]  Slower Overseas Growth Fans Worries on U.S. Expansion

[I]  Holiday Season Retail Sales Heat Up

[I]  Pay Rises in Tight Labor Market

[I]  Economists See U.S.-China Trade War as Biggest Threat in 2019

[I]  Cold Weather Drove Industrial Production Growth in November

[I]  ECB Cuts Growth Forecasts as It Ends Bond-Buying Program

[I]  New Treasury Rules Extend Tax Relief to Foreign Banks

 

BUSINESS LINE

[I]  To reel in subscribers, OTT outfits flood market with ‘sachets’

[I]  Loan waiver may not bear fruit for farmers: Rajan

[I]  RBI board meets, signals readiness to revisit governance framework

[I]  Export growth crawls in November as gems/jewellery, engineering goods falter

[I]  How India and Japan are enhancing their strategic relationship

[I]  Govt to set up medical devices promotion council

[I]  Deep depression over Bay to intensify into full-blown cyclone

 

ECONOMIC TIMES

[I]  India to ink mega super computer deal with France

[I]  Loaded Rajan remark shows India's job woes

[I]  Auction for discovered small fields: Deadline to submit bids extended

[I]  Mauritius to adopt Indo-Israel project to grow vegetables

[I]  Anti-dumping duty likely on Chinese chemical

[I]  India's November trade deficit narrows to $16.67 billion, exports up 0.8%

[I]  Exports up 0.8 pc in November; trade deficit widens to USD 16.6 billion

[I]  Need not manufacture credit, liquidity issues: Arun Jaitley

[I]  RBI reserve should be used to fix financial system: Arvind Subramanian

 

BUSINESS STANDARD

[I]  Investment bankers' equity market fee pool rises to 21% at $321 mn in 2018

[I]  RBI board reviews economy and liquidity, to hold talks on governance

[I]  Brick-and-mortar stores begin festive sales early to combat e-tailers

[I]  Rich homebuyers are now 'test-driving' multimillion-dollar mansions

[I]  Supply shortage pushes skimmed milk powder price up 25% in three months

[I]  Irdai clears the air on remuneration for insurance web aggregators

[I]  Foreign exchange reserves increases by $16.6 mn to $393.73 bn

[I]  Odisha has potential to establish 500 compressed bio-gas plants, say OMCs

[I]  Govt rubbishes report about PSBs shutting down ATMs for regulatory reasons

 

Best Regards, ARBIND

15 Dec 2018