MACRO ECONOMIC NEWS

GOOD THINGS COME TO THOSE TOO, WHO WAIT................ TILL WEEKEND. HAPPY WEEKEND.

Macro Economic News 12 Jan 2019

Japan encouraged the elderly and women to work and broke a longstanding taboo against immigration, offering lessons for other advanced economies facing similar problems. The country is now enjoying its second-longest economic expansion since World War II.

Tame inflation, low gas prices and rising wages are putting more dollars in the pockets of American workers, a positive sign for consumer spending headed into 2019. The partial government shutdown could cause the longest stretch of continuous job growth recorded in the U.S. to come to an end this month. Federal Reserve Chairman Jerome Powell reiterated the central bank would be patient in raising interest rates this year after global growth worries gripped financial markets in recent weeks.

 

FINANCIAL TIMES

[I]  US private equity deals hit post-2007 high

[I]  EU steps up merger scrutiny amid split over China

[I]  Car industry swerves to avoid hazards ahead

[I]  UK supply-chain groups focus on growth opportunities

[I]  US earnings/corporate tax: sweet but short Premium

[I]  Treasury to review ‘unfair’ tax avoidance measures

[I]  Rush to remortgage ahead of Brexit day

 

REUTERS

[I]  India's industrial output growth nosedives in November

[I]  U.S. to seek comprehensive agriculture access in EU trade talks

[I]  Monster snowstorm to blanket more than half of United States

[I]  Corporate investors pile into electric vehicle startups

[I]  U.S. government shutdown may depress January job growth

 

BLOOMBERG 

[I]  Oil Bears Get Out of the Way as Crude's Rebound Takes Hold

[I]  Tech Stocks Have Rebounded in 2019, But the Bulls Haven't Returned

[I]  Bitcoin Whales Resurfacing May Mean Rough Seas Are Ahead for Traders

[I]  U.S. Regulators Urge Lenders to Help Workers Hit by Shutdown

[I]  Russia Starts Gradual Oil Output Cuts as OPEC+ Deal Kicks In

 

WALL STREET JOURNAL

[I]  Fed Releases Detailed Transcripts of 2013 Policy Meetings

[I]  How Aging Japan Defied Demographics and Revived Its Economy

[I]  U.S. Consumer Prices Ticked Lower in December

[I]  Shutdown Could End 99-Month Job Growth Streak

[I]  Economists Grapple With Industry’s ‘Reputation for Hostility’ Toward Women

[I]  Fed Debate Heats Up Over the Size of Its Bond Holdings

[I]  Fed’s Powell Affirms Flexible Rate Outlook

 

BUSINESS LINE

[I]  More and more Indian women are buying life insurance, suggests IRDAI study

[I]  Manufacturing drags Nov IIP to 17-month low

[I]  Angel tax: Venture capitalists’ body comes up with fresh suggestions

[I]  ADB looks to scale up India funding to $4 billion

[I]  ‘Brokers should separate trading, clearing arms in cash market, too’

[I]  Rabi sowing down by 3 million hectares across the board

 

ECONOMIC TIMES

[I]  Forex reserve swells by $2.68 billion to $396 billion

[I]  Rupee misses Fed-inspired rally to again become worst Asian currency

[I]  India's Iranian oil imports slide in December under U.S. pressure

[I]  India takes European Union to WTO's safeguard committee over duty on steel products

[I]  Industrial growth falls to 17-month low of 0.5 per cent in November

[I]  Government spending over Rs 20,000 crore to fix accident prone spots: Nitin Gadkari

[I]  India’s monetary policy framework needs to adjust to emerging realities

[I]  Cabinet nod to India-Japan USD 75-bn swap arrangement to curb currency volatility

 

BUSINESS STANDARD

[I]  Trump promises policy changes to allow H1B visa workers US citizenship

[I]  Three global telcos keen to provide services on domestic flights

[I]  Govt revenue will take Rs 1-trillion hit due to GST rate cuts: Jaitley

[I]  ADB backs govt's basic income plan, but cautions against loan waivers

[I]  Draft industrial policy sets aside job creation target, focuses on MSMEs

[I]  Government lifts condition restricting export incentive under GST

 

Best Regards, ARBIND

12 Jan 2019