MACRO ECONOMIC NEWS

SURRENDER TO HUMBLENESS; YOU WILL GET THE BEST. WISHING A WONDERFUL WEEK AHEAD.

Macro Economic News 22 Dec 2018

 

The pace of U.S. economic output growth was revised down slightly to a still-solid rate in the third quarter, but the momentum could be difficult to maintain in the year’s final three months. The U.S. economy struck mixed chords as it rounded out the year, with consumer confidence high and households spending robustly but manufacturers pulling back as the global economy cools.

 

FINANCIAL TIMES

[I]  Wall Street falls sharply as US heads for shutdown

[I]  China hits back at US and UK allegations of cyber attacks

[I]  China pledges more tax cuts and infrastructure funding

[I]  Retailers brace for January reckoning after tough festive trading

[I]  Competition heats up in India food delivery market

 

REUTERS

[I]  India empowers agencies to snoop on computers   

[I]  U.S. government heads for shutdown after lawmakers fail to make deal 

[I]  U.S. Senate adjourns, partial shutdown ensured

[I]  U.S. government heads for shutdown after lawmakers fail to make deal

[I]  White House unveils goals for Japan trade talks

[I]  Chinese student accused of trying to poison U.S. college roommate

[I]  UK forces retake ship after stowaways threaten crew

 

BLOOMBERG 

[I]  U.S. Charges Chinese Oil Employee With Stealing Secrets

[I]  Russia, China, Iran Tried to Influence Midterm Elections, U.S. Says

[I]  The Secret Behind Growth in Trump’s America Is Deficit Spending

[I]  Consumers Increasingly Prop Up a U.S. Economy That's Set to Slow Down

[I]  Banks Stuck With $1.6 Billion of Unsold Loans Amid Market Rout

 

WALL STREET JOURNAL

[I]  Consumers on Firm Footing, Businesses Wary as 2019 Nears

[I]  U.S. Third-Quarter GDP Growth Revised Down to 3.4%

[I]  Shutdown Looms Over Wall Funding

[I]  Trump Doubles Down on Campaign Promises

[I]  U.S. Grants Iraq Sanctions Relief in Bid to Boost Business Deals

[I]  U.S. Details Plan to Lower Japanese Trade Barriers

[I]  Japan Finally Concedes Its Crazy Low Prices Can’t Be Beat

[I]  Inflation Fell Below Fed’s Target in November

[I]  U.S. Durable Goods Orders Grew in November

 

BUSINESS LINE

[I]  It’s official! Central agencies can now snoop into your PC

[I]  E-pharmacies take the chill pill, continue biz despite legal curbs

[I]  PSBs mop-up over Rs. 10,000 crore from people not maintaining minimum balance, using ATMs more

[I]  IT capital of country lost $3.5 b due to poor health of employees, says study

[I]  Mobile websites on slow lane seen hitting sales conversion rate

[I]  Rating agencies hail Govt move to infuse Rs. 41,000 crore in PSBs

 

ECONOMIC TIMES

[I]  Forex reserves decline by $613.9 million to $393.12 billion

[I]  As agriculture turns uneconomic, farmers turn daily-wagers for survival

[I]  Government aims to boost methanol economy to Rs 2 lakh cr: Gadkari

[I]  US industry body to open Bihar chapter to facilitate investments

[I]  Over 16.7 lakh DINs deactivated for non-compliance with KYC requirements

 

BUSINESS STANDARD

[I]  SBI to raise Rs 20.45 billion by issuing Basel III-compliant bonds

[I]  GST Council likely to approve amendments to tax laws on Saturday

[I]  Commerce ministry working on logistics portal to prune massive costs

[I]  Oil hits three-month lows as downbeat mood persists ahead off festive break

[I]  How memes are changing today's social media and digital discourse

[I]  Govt fixes Rs 3,119/gm price for next series of sovereign gold bonds

[I]  Mutual funds hope India's mom-and-pop investors keep the faith in 2019

 

Best Regards, ARBIND

22 Dec 2018