MACRO ECONOMIC NEWS

WISHING YOU A SOULFUL, SACRED, SECURED, SPLENDID AND SPECTACULAR WEEKEND AHEAD

Macro Economic News 23 Feb 2019

 

Demand for long-lasting goods produced by U.S. factories increased for the second month in a row in December, driven by orders for transportation equipment. The Federal Reserve said Friday the U.S. financial system remains “substantially” safer than before the 2007-09 recessions but noted a significant expansion in business debt and weaker lending standards.  President Trump, citing progress in U.S.-China trade talks, said he is looking at extending a deadline to raise tariffs and hoping to meet next month with Chinese leader Xi Jinping to complete a broad trade agreement.

 

FINANCIAL TIMES

[I]  Fed’s ability to hold inflation to target ‘is at risk’

[I]  Carmakers talk to smaller auditors in threat to Big Four

[I]  Venezuela at potential turning point as aid delivery nears

[I]  UN warns loss of biodiversity threatens food production

[I]  Saudi crown prince turns to Asia to rebuild his image

[I]  Britain’s political deadlock may finally be breaking

[I]  Reduced prices in Costa Rica’s high-end home market

 

REUTERS

[I]  Japan's crown prince says thoughts of future "make me solemn"

[I]  Trump says he's inclined to extend China trade deadline and meet Xi soon

[I]  Russia accuses U.S. of planning to arm the opposition in Venezuela

[I]  Fed's policy pause sets stage for broad overhaul

[I]  Trump vows veto as Democrats launch resolution to stop border emergency

[I]  Sudan's Bashir declares state of emergency, dissolves government

[I]  Thirty years on, U.S.-China politics and tech collide

[I]  UK retailers curb investment plans ahead of Brexit - CBI

[I]  Higher state spending helps German economy avoid recession in fourth quarter

 

BLOOMBERG 

[I]  U.K. to Trigger No-Deal Brexit Plans a Week Before Deadline, Sources Say

[I]  China's Pledge for U.S. Soy Buying Catches Traders Off Guard

[I]  Fed Leans Toward Shortening Maturity of Its Treasury Holdings

[I]  Fed Officials Talk Up New Approach to Meeting Inflation Goal

[I]  El Nino's Taking the Wind out of Sales of U.S. Power Generators

[I]  Canopy Growth Could Spin Off Properties Into REIT, CEO Says

 

WALL STREET JOURNAL

[I]  Federal Reserve Report Highlights ‘Resilient’ Financial System

[I]  China Trade Talks Extended as Trump Pushes to Close Deal

[I]  Economists’ Advice to Fed: Look at Rising Prices and Tight Labor Market

[I]  Fed’s Balance-Sheet Runoff Could End in Latter Half of 2019

[I]  At Trump-Kim Summit, Host Vietnam Blazes Trail for North Korea

[I]  Business Investment Falters Amid Growing Global Economic Uncertainty

[I]  N.Y. Fed’s Williams Calls for Reassessing Inflation-Targeting Framework

 

BUSINESS LINE

[I]  India-US trade deal likely to be wrapped up soon

[I]  Just 9 crops account for two-thirds of global food output: FAO report

[I]  Auto outlook for FY20 stable, but tepid demand likely in first half: Ind-Ra report

[I]  FMCG cos retain top spot in advertising spends in 2018

[I]  Many disagreements and conflicts stirring the global pot

[I]  Dredging Corp stake sale in limbo with port trusts yet to get open-offer exemption

[I]  How emerging technologies are redrawing the ground rules of biz

[I]  More bank reforms needed to support economic growth: NITI Aayog chief

 

ECONOMIC TIMES

[I]  India to soon launch a DNS server to protect users from malware

[I]  How Global CEOs see future of globalisation

[I]  2019 polls could be world's most expensive

[I]  Gold’s safe haven demand intact, prices may soon top $1,360

[I]  Forex reserve rises by $150 million to $398.3 billion

[I]  RBI bundles NBFCs into 1 type, offering operational flexibility

[I]  Ensuring intermediation by banks in clean manner a challenge: Rajiv Kumar

[I]  Shell companies: e-filing details must for all firms

[I]  Niti Aayog bats for setting up independent debt management office

[I]  CBDT sets up panel to help bring down tax litigation

 

BUSINESS STANDARD

[I]  CEA Subramanian backs Nayak panel's report on governance reforms in PSBs

[I]  MCA seeks more details from companies to put a check on shell firms

[I]  Big-size, contiguous spectrum essential for 5G services, says Trai

[I]  Domestic IT firms may face growth headwinds in second half of 2019

[I]  India taking several steps to reduce dependence on imports of API

[I]  Tea Board to do surprise checks, raid sellers to flush out spurious produce

[I]  Have to blend good governance with clever politics, says Arun Jaitley

[I]  Business remain slow at India-Asean Expo despite bilateral bonhomie

[I]  RBI forms new NBFCs' category by merging 3 to ease operational flexibility

[I]  Fixed-maturity plans mop-up likely to take hit amid debt turmoil

[I]  Supply cut likely to raise natural rubber prices in Indian markets

 

Best Regards, ARBIND

23 Feb 2019