MACRO ECONOMIC NEWS

WE ARE PROTECTED BY A STRONGHOLD ALL AROUND. WISHING A LIGHT HEARTED WEEKEND.

Macro Economic News 01 Dec 2018

 

House Republicans are struggling to advance their package of fixes for last year’s tax overhaul, with just a few legislative days to go until they relinquish the majority. Jerome Powell’s playbook includes making allies outside the Oval Office, never talking politics and sticking to the economy. Federal Reserve officials signaled plans to raise interest rates next month, but they appeared more tentative about the pace of increases after that, minutes of the central bank’s recent policy meeting show.

 

FINANCIAL TIMES

[I]  US, Canada and Mexico sign deal to replace Nafta

[I]  Britain quits military side of Galileo satellite system

[I]  South Korean central bank raises rates for first time in a year

[I]  French companies lead the way on gender diversity

[I]  Eyes down and history books open for a game of Brexit bingo

[I]  Brexit effect ‘limited’ on UK house prices

 

REUTERS

[I]  China looks to boost agricultural exports to India: Xi

[I]  BRICS slam protectionism as China-U.S. spat overshadows G20 talks

[I]  U.S. wants new aviation standard to expand passenger data collection

[I]  China's gene-edited babies cry out to regulators

[I]  WTO paralysed as leaders meet to defuse U.S.-China trade war

[I]  UK business will be able to bring in high-skilled workers post-Brexit - PM May

[I]  Indian gold demand shines as local rates dip; buying steady elsewhere

[I]  Pakistan central bank hikes interest rate to 10 percent on inflation fears

 

BLOOMBERG 

[I]  Next Year's Challenge for Canada's Oil Patch Comes From the Sea

[I]  Romaine Crisis Sends Other Lettuce Prices Surging

[I]  Trump Signs Nafta Replacement, But Hurdles Remain in Congress

[I]  The London Housing Market Is Worse Than It Looks. Here’s Why

[I]  Time to Relax Mortgage Regulations, Canada Home Builders Say

 

WALL STREET JOURNAL

[I]  House GOP Works Against Clock on Tax Bill

[I]  Trump Sets Sights on China After Completing New Nafta

[I]  President Trump Bashes the Fed. This Is How the Fed Chief Responds.

[I]  Fed Minutes Signal December Rate Increase Likely, But Less Certain Path Next Year

[I]  Panel Won’t Meet Deadline on Fix for Multiemployer Pension Plans

 

BUSINESS LINE

[I]  GDP growth slows to 7.1% in Q2

[I]  SEBI extends trading hours for all agri-commodities; to start from 9 am

[I]  Looming drought hits rabi sowing by 32 lakh hectares

[I]  Core industries grow 4.8% in October

[I]  At Rs. 6.48 lakh crore, fiscal deficit crosses full-year target

[I]  India asks China to release raw sugar export quota before Jan

[I]  IoT start-ups have grown ten-fold, says think-tank

 

ECONOMIC TIMES

[I]  Forex reserves drop by $24.02 billion to $400.52 billion in April-September

[I]  Government breaches full-year fiscal deficit target at October-end

[I]  Centre, states apportion Rs 33,000 crore IGST in November

[I]  Government can claim up to Rs 7 tn from RBI's excess capital: Ex-CEA

[I]  India woos investors from US, EU, Japan, others

[I]  Infra growth slows down to 4.8% in October; fertiliser, crude oil decline

[I]  India seeks to ease biggest hurdle for factories with new policy

 

BUSINESS STANDARD

[I]  Govt nudges telcos, airlines to raise rates, shun bitter price wars

[I]  Shipping ministry, DIPP fight over ownership of coastal economic zone plan

[I]  GDP data: Muted growth in major segments in GVA; economists not optimistic

[I]  Relaxed norms likely to hurt NBFCs in long run, banks stand to gain

[I]  April-October fiscal deficit breaches full-year target at Rs 6.24 trillion

[I]  NBFCs remain fastest-growing sector for deployment of bank credit: RBI

[I]  GDP numbers indicate India's farmers are getting little for what they sow

[I]  Tax data shows average person's income grew slower than country's GDP

 

Best Regards, ARBIND

01 Dec 2018