MACRO ECONOMIC NEWS

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Macro Economic News 05 Dec 2018

 

After a year that has seen almost every key international relationship deteriorate, the G20 summit in Argentina could have gone much worse. But almost every leader there has returned to major domestic headwinds. When the next G20 meeting rolls around, successful multilateral diplomacy may yet be harder still. Trump administration officials said they planned to take a tough stand in their 90-day trade negotiations with China or impose further tariffs, as the optimism over a truce gave way to uncertainties over how the two sides could find agreement on a wide range of issues.

 

FINANCIAL TIMES

[I]  French government suspends fuel tax rise after riots

[I]  China nationalism unleashes boom in Confucian schooling

[I]  German carmaker chiefs to have White House talks on tariffs

[I]  Eurozone reform deal: what was agreed and what was put on hold

[I]  Theresa May suffers double defeat on Brexit deal

[I]  Trump’s breakthrough China deal mired in confusion

[I]  CEOs question the bite behind the bark of Trump’s tweets

[I]  More than 90% of tech investment in Europe goes to all-male teams

 

REUTERS

[I]  RBI may hold rates steady as inflation, growth soften

[I]  China says confident it can clinch trade deal with U.S. as doubts grow 

[I]  More trouble ahead for India's bruised rupee: Reuters poll

[I]  Australia's economy slows, debt-laden consumers a deadweight

[I]  BOJ deputy governor warns of risk Japan may slide back to deflation

[I]  U.S. Treasury yield curve inversion worries keep dollar under pressure

[I]  For G20 leaders, greater problems yet to come 

[I]  As Trump touts trade war truce, China holds its tongue

[I]  Rating agencies downgrade Sri Lanka amid political crisis

 

BLOOMBERG 

[I]  China Says It'll Quickly Implement Trade Agreements With U.S.

[I]  Australia's Economy Slows, Casting Doubt on Central Bank Outlook

[I]  OPEC Deal in Balance as Saudi Arabia, Russia Gather for Talks

[I]  Britain, Denmark Seen as World Leaders in Climate Change Fight

[I]  Shenzhen Stocks Are Big Losers Two Years After Opening to World

[I]  Stock Market Misery Runs Deeper Than Trump and the Fed

[I]  China's Fund Managers Challenged as Banks Wade Into Industry

[I]  The Developers to Watch If China Hits Major Credit Turmoil

[I]  A Decade On: What's the Verdict of America's Era of Easy Money?

[I]  Italy’s Populist ‘Follies’ May Drag Economy Back Into Recession

 

WALL STREET JOURNAL

[I]  Trump Team Set to Take Tough Stand in Trade Talks With China

[I]  The Economic Forecast for 2019: Less Growth and More Uncertainty

[I]  A Crucial Moment Arrives for U.S. LNG Exports

[I]  Short-Term Spending Bill Set to Avoid Shutdown

[I]  For Trump, a Series of Trade Tests Loom in the Coming Year

 

BUSINESS LINE

[I]  Banks face bitter harvest from farm-loan waivers

[I]  MUDRA loans: Big States get a major share; smaller ones left high and dry

[I]  Soon, a child can withdraw from Aadhaar at adulthood

[I]  India Inc seeks more time for filing GST annual returns, audit reports

[I]  SEBI to tighten surveillance on MFs to assess trading patterns

[I]  Panel for allowing direct listing of desi firms on foreign bourses

[I]  Banks put in place new ground rules for consortium lending

[I]  After GST, a five-fold surge in credit disbursal to MSME sector

 

ECONOMIC TIMES

[I]  India isn't doing much to fix its smog problem

[I]  Govt notifies dual fuel usage for agri, tractors

[I]  Next meltdown will look different from the last: Ray Dalio

[I]  Farmers throw away onions as prices fall

[I]  Pakistan plans to curb central bank's power to manage currency

[I]  RBI to inject Rs 10,000 crore through open market operations on Thursday

[I]  Recession coming your way? US yield curve inverts for the first time in 11 years

[I]  Family office gains ground among India’s super rich

[I]  Here is how India Inc’s top guns are getting paid

[I]  India's sugar production till November 30 hits 39.7 lakh tonnes, says ISMA

[I]  Credit to MSEs up 5 times to Rs 1.23 lakh crore post GST: SBI study

[I]  Number of patents granted by India shot up by 50% in 2017: UN

[I]  WTO to set up dispute panel in India-US case on steel, aluminium duties

[I]  Top RBI man questions inflation data, calls calculating method outdated

[I]  RBI panel may assess financials of 11 PSU banks

 

BUSINESS STANDARD

[I]  Soon, filing income tax returns may get easier with pre-filled forms

[I]  Next round of airport privatisation to be easier than Delhi, Mumbai

[I]  Sebi panel bats for direct listing of Indian firms on foreign exchanges

[I]  Ad spend in 2019 to grow by 15% as India readies for general elections

[I]  Indenting agents of foreign firms may get relief on IGST: Sources

[I]  Economists differ with govt, revise down GDP growth to below 7.5%

[I]  SBI will cease to be EPFO fund manager from March-end: Labour minister

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10867;  USDINR DGCX: 70.8100;  DJIA Mini: 25113;  FTSE 100 Fut: 6959;  NIKKEI 225 Fut: 21947;  EUR-USD: 1.1330; Crude Oil (WTI): 52.75;  Gold (Spot): 1235

 

Best Regards, ARBIND

05 Dec 2018