MACRO ECONOMIC NEWS

I AM RIGHT THERE WHERE YOU ARE. CELEBRATE THE LIFE.

-          GOD

Macro Economic News 25 Dec 2018

 

A four-decade drive, driven by global demand and supported by government subsidies, cheap loans and tax breaks, helped bring China out of poverty. It also upended industries around the world and helped spark trade tensions with the U.S. President Trump criticized the Federal Reserve, calling the central bank the “only problem our economy has” and likening its policies to a golfer who can’t putt.

 

FINANCIAL TIMES

[I]  Mnuchin calls US bank chiefs over market turmoil

[I]  Big Tech in hiring spree for looming antitrust battles

[I]  China game licensing to gradually resume from next month

[I]  Sudan hit by deadly clashes as food price protests intensify

[I]  China’s state VC funds struggle to make an impact

[I]  UK space industry aims to chart post-Brexit course

[I]  Chinese banks launch standalone wealth management units

[I]  US shale’s financial blanket at risk of wearing thin 2019

 

REUTERS

[I]  Delhi chokes as pollution levels hit year's worst

[I]  Indonesia hunts for survivors as volcano tsunami toll nears 400 

[I]  Arun Jaitley on GST: future roadmap will be to work towards a single rate 

[I]  Nicaragua is assaulting freedom of expression, journalist says

[I]  Oil plunges 6 percent as economic slowdown fears grip market

[I]  Rate futures market says Fed is all but done with hikes   

[I]  Japan is stealth threat to 2019 market stability 

[I]  Markets not merry as stock losses extend into eighth day

[I]  China to remove some import, export tariffs including alternative feed meals

 

BLOOMBERG 

[I]  Dollar Exposed to Dysfunction and Paralysis in Washington

[I]  Japanese Stock Rout Accelerates in Worst December for Almost 60 Years

[I]  Wall Street Reacts to Trump and Mnuchin’s ‘Unforced Errors’

[I]  Traders Sticking to Safer Bets as U.S. Political Events Confound

[I]  Holiday Shopping Roars to a Close Amid Shutdown, Stock Rout

[I]  Trump Blasts Federal Reserve as U.S. Economy's ‘Only Problem’

[I]  U.S. Regulators Tell Mnuchin Nothing Is Out of Ordinary in Markets

[I]  Hot Labor Market Brought Full-Time Perks to Part-Time Employees

[I]  Analysts Say Brace for a Steeper Plunge as Shutdown Drags On

[I]  It's Bear Markets Galore as Year to Forget for Bulls Rounds Out

[I]  China Cracks Open Door for U.S. Natural Gas Imports as Wintry Cold Hits

 

WALL STREET JOURNAL

[I]  Four New Voters to Join Fed’s Key Panel Amid Rate-Increase Uncertainty

[I]  Trump Says the Fed Is ‘the Only Problem Our Economy Has’

[I]  Shutdown Continues as Trump Pushes for Border-Wall Funding

[I]  For U.S. Cities, Size Increasingly Matters

[I]  Once-Hot Housing Market Likely to Cool Further in 2019

[I]  Canada Cools Its Housing Market—but Frustrates Home Buyers

[I]  Retailers Wrapping Up Holidays With Cheer

 

BUSINESS LINE

[I]  Jaitley: 3-tier GST with single rate coming; sun setting on 28%

[I]  Personal guarantors cannot step in for creditors: NCLAT

[I]  ‘Amending rules to intercept private data opens door for a nanny state’

[I]  Kerala’s cardamom farmers making a strong comeback

[I]  India extends ban on import of milk, products from China till April

[I]  Gold rises as global growth fears pushed haven demand

[I]  Investors’ exit expectations: What entrepreneurs need to know

 

ECONOMIC TIMES

[I]  Angel tax is now haunting the CAs too

[I]  Dollar weakens on govt shutdown concerns, weaker stocks

[I]  Philanthropic bond is on the anvil in India

[I]  SBI, HDFC among companies raising $5 billion in overseas bonds

[I]  India ready to allow US dairy imports with riders

[I]  Government extends ban on import of milk products from China for four months

[I]  Preparing incentive package for exporters to address their woes: Suresh Prabhu

[I]  Buying flats can become cheaper after Jan, GST Council plans to reduce rates

[I]  Data bill moots ban on transfer of sensitive personal info abroad

 

BUSINESS STANDARD

[I]  UDAY-II will focus on reducing losses, says power minister R K Singh

[I]  Single GST rates in the works, 28% peak slab to be pruned too: Jaitley

[I]  High expense on salary, pension hits spending by states, says research

[I]  Security-service SMEs to grow at 18-20%, expects CRISIL Research

[I]  Why the future of steel, non-ferrous metals is circular amid climate change

[I]  Govt order giving agencies vast snooping powers challenged in Supreme Court

[I]  MFs add Rs 3 trillion to assets base in 2018; more traction seen in 2019

[I]  MF debt assets shrink due to risk-aversion triggered by IL&FS crisis

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 10620;  USDINR DGCX: 69.9950;  DJIA Mini: 21700;  FTSE 100 Fut: 6611;  NIKKEI 225 Fut: 19263;  EUR-USD: 1.1412; Crude Oil (WTI): 42.53;  Gold (Spot): 1269

 

Best Regards, ARBIND

25 Dec 2018