THIS WEEKEND LET US CHANGE THE WORLD WITH OUR SMILE - THE GREATEST POSSESSION.

Macro Economic News 17 Mar 2018

 

Consumer sentiment pops in March to highest level since 2004. Industrial output rises on gains in manufacturing, mining. Import prices are rising while joblessness is decreasing. Despite experts are warning that fragmented banking rules could start the next financial crisis.

 

FINANCIAL TIMES

[I]  Tech tax deepens EU-US trade rift

[I]  Italy’s coalition talks: can two tribes become one?

[I]  The low-paid workers cleaning up the worst horrors of the internet

[I]  How the financial crash made our cities unaffordable

[I]  Impatient Macron presses Merkel on eurozone reform

[I]  Merkel’s coalition divided over role of Islam in Germany

 

REUTERS

[I]  India's October-December current account deficit widens sharply on higher imports

[I]  Wall Street's tech love affair might end in tears

[I]  Exclusive - European powers propose new Iran sanctions to meet Trump ultimatum

[I]  Russia to expel UK diplomats as crisis deepens

[I]  India gold prices discounted as festival fails to lure buyers

[I]  Government had no outstanding loans from RBI in March 9 week

 

BLOOMBERG 

[I]  G-20 Sees Global Tension, End to Cheap Money as Risk to Growth

[I]  U.K. Trade Chief Says Trump Tariffs Upsetting Allies, Not China

[I]  Singapore and Paris Top World’s Most Expensive Cities

[I]  Sugar Bears Come Out to Play as Surplus Swells on Asia Harvests

[I]  Japan’s Prisons Are a Haven for Elderly Women

[I]  RBI Says Government Is Impeding Bank Supervision

[I]  China's Offshore Equity Giants Barely Sell Anything to the U.S.

[I]  Japan’s Central Bank Is Driving Economic Policy as the Government Sinks in Scandal

 

BUSINESS LINE

[I]  India pins hopes on ‘2+2 meet’ to mend ties with US

[I]  Urbanisation summit to assess impact of Smart Cities project

[I]  Defence Corridor to come up in TN

[I]  Efforts on to rely less on China, Italy for pharma 

[I]  Asian shares slip as new US political worries sour mood

 

ECONOMIC TIMES

[I]  RBI Governor bears out what is behind PSU bank frauds

[I]  Crude on a slippery track, eyes support at $60 again

[I]  Time to go bullish on Asia's worst-performing bonds?

[I]  Wheat output estimate may be revised to 98 MT

[I]  Banks' NPA steadily rising for past 8 years: Shiv Pratap Shukla

[I]  World Bank official plays down PNB scam, says not a systemic issue

[I]  View: Actually, big countries can lose trade wars, too

[I]  How bankruptcy can help government’s housing ambition

[I]  NITI Aayog works on strategy to leverage blockchain technology

[I]  Wisdom of RBI’s move to restrict trade finance instruments questionable

[I]  No proposal under consideration to discontinue Rs 2,000 note: Government

 

BUSINESS STANDARD

[I]  India Inc's subsidiaries in tax havens under probe agencies' scanner

[I]  Electoral bond issue sees Rs 2-bn sale, available at select SBI branches

[I]  Bankruptcy Code: Finance professionals on a roll as NCLT cases surge

[I]  Who will buy the Rs 4.6 trillion bonds? Market bets on banks' return

[I]  RBI needs to work with govt to take action against PSBs, says Rangarajan

[I]  Higher trade deficit pushes up Q3 CAD to 2% of GDP at $13.5 billion

[I]  25% overseas branches of public sector banks reported losses in FY17

[I]  Financial mismanagement reason for bad city governance, says survey

 

Best Regards, ARBIND

17 Mar 2018

SMILE AND TELL TO THE UNIVERSE - TODAY IS MY DAY

Macro Economic News 16 Mar 2018

 

IMF Managing Director Christine Lagarde urged countries to avoid being sucked in to a global trade war. China’s holdings of Treasuries fell to the lowest level since July as investors soured on U.S. fixed-income securities and the dollar at the start of the year. China’s portfolio of U.S. bonds, notes and bills sank to $1.17 trillion in January from $1.18 trillion a month earlier. China remains the largest foreign creditor to the U.S. followed by Japan ($1.07 trillion)

 

FINANCIAL TIMES

[I]  Nato powers close ranks against Putin

[I]  China faces uphill battle to meet Trump’s $100bn trade demand

[I]  Russian energy groups largely unscathed by western sanctions

[I]  ECB tones down bad loans plans after Italy backlash

[I]  Saudi Arabia beefs up plans for domestic defence industry

[I]  China challenges the US for artificial intelligence dominance

 

REUTERS

[I]  India's February trade deficit dips to 5-month low amid fears of global trade war

[I]  With sanctions and condemnation, U.S. hints at shift on Russia

[I]  Mexican minister ramps up pressure for speedy NAFTA deal

[I]  Rejecting protectionism, ASEAN and Australia commit to free trade

[I]  Rejecting protectionism, ASEAN and Australia commit to free trade

[I]  India says it will engage with U.S. on export concerns

[I]  India needs 8 percent growth for 30 years to join middle-income group: World Bank

 

BLOOMBERG 

[I]  Hong Kong and Singapore's Stock-Market Rivalry Gets Heated

[I]  New Home on Hong Kong's Peak Sets Asian Record Price by Area

[I]  Singapore and Paris Top World’s Most Expensive Cities

[I]  Venezuela’s Hyperinflation Is Breaking Deli Scales

[I]  Russian Hackers Attacking U.S. Power Grid and Aviation, FBI Warns

[I]  Singapore's Non-Oil Exports Slide the Most Since 2016

[I]  A Turn Against Immigration Would Devastate Australia

[I]  The World Economy Risks Turning Too Hot to Handle

[I]  Higher Rates May Spell Private Debt Trouble, Study Finds

[I]  China's Bankers Are Most Upbeat on the Economy in 12 Years

 

BUSINESS LINE

[I]  New Delhi to seek eight years to phase out export subsidies at WTO

[I]  February exports up 4.5% in $ terms

[I]  Trade deficit up 26% during February

[I]  Centre plans campaign to woo foreign students

[I]  India’s aviation growth is unprecedented: Jayant Sinha

[I]  Recovery in economic growth under way

[I]  FRDI Bill: Centre offers to set a new cap on deposit cover

[I]  RBI Governor Urjit Patel favours ₹1-lakh status quo, fears banks’ burden ...

 

ECONOMIC TIMES

[I]  Protectionism fears coming true: US challenges India's export subsidy program at WTO

[I]  US’ move on Indian export subsidies not trade war, says commerce secretary

[I]  Export sector on edge as US locks horn with India on subsidies

[I]  India should see growth picking up after two transitory shocks: IMF

[I]  India's growth to touch 7.3% next fiscal, 7.5% in 2019-20: Fitch

[I]  Signs of revival in rural India predict recovery for economy

[I]  A day after Patel’s plaint, finmin points to power regulator enjoys

[I]  Government’s plan for PSU banks: Stability first, consolidation later

[I]  After 31 top defaulters flee, India seeks to shut the gates

 

BUSINESS STANDARD

[I]  PSBs plan tighter lending norms for corporate loans above Rs 2.5 billion

[I]  Global trade war: India's export promotion schemes challenged by US at WTO

[I]  Indian IT firms ramping up their presence in US, stepping up local hiring

[I]  How to know when a company represents a paradigm shift

[I]  Govt plans to set up ombudsman to empower automobile owners and new buyers

[I]  Firms eye opportunities as Sitharaman talks up defence industrial corridor

[I]  February export growth rate dips for third straight month at 4.48%

 

MARKETS (07:45 am) 

[I]  SGX NIFTY Fut: 10318;  USDINR DGCX: 65.1125;  DJIA Mini: 24876;  FTSE 100 Fut:  7135;  NIKKEI 225 Fut: 21768;  EUR-USD: 1.2304; Crude Oil (WTI): 61.20;  Gold (Spot): 1316

Best Regards, ARBIND

16 Mar 2018