MACRO ECONOMIC NEWS

WISHING WE ALL IS DRENCHED WITH COLOURS AND THE TRUE COLOUR GETS COLOURED WITH COLOURS. HAPPY HOLI.

Macro Economic News 21 Mar 2019

 

The US may leave tariffs on Chinese goods for a "substantial period" to ensure that Beijing complies with any trade agreement. The FED held its benchmark interest rate steady, and a majority of officials signalled they might not raise the rate at all this year. Research shows that wealthy parents who spend heavily to get their kids into top schools aren’t giving them as big an advantage as commonly. Multifactor productivity grew 1% last year, the strongest gain since 2010. Borrowing costs for some U.S. consumers have trended lower in recent months, as lenders have adapted to the FED message that it is likely to hold off on raising interest rates for the foreseeable future.  The Federal Reserve now believes its monetary policy is back to normal.

 

FINANCIAL TIMES

[I]  No Brexit delay without MPs backing deal, warns EU 

[I]  UK to lose £1tn of financial assets to Europe due to Brexit

[I]  Fed sees no further rate rises in 2019

[I]  EU frustration with UK rises as Brexit talks near final hours

[I]  Nigeria to sell down its stake in oil ventures

[I]  Australia to cut immigration intake by 15 per cent

[I]  US business confidence recedes from post-tax cut high

[I]  India is well placed to be a global economic force

 

REUTERS

[I]  Australian jobless rate hits near eight-year low, tempering rate cut bets

[I]  Bank of Korea chief says Fed's shift eased uncertainties; sees no rate cut for Korea yet

[I]  Global Markets: Dovish Fed shift lifts Asian shares, dollar nurses losses

[I]  Trump says tariffs on Chinese goods may stay for 'substantial period'

[I]  Fed announces plan to end balance sheet runoff in September

[I]  Closing time? Japan convenience stores pressed to end 24-7 model amid labour crunch

 

BLOOMBERG 

[I]  Trump Says Tariffs Will Stay Until China Complies With Deal

[I]  Chinese Banks' Record Fundraising Signals Industry Jitters

[I]  EU Pushes U.K. to Brink of No-Deal Brexit

[I]  Malaysia's Biggest State Fund Sees Strong Revival for Stocks

[I]  Colombia Stocks Leading the World in 2019 After a Decade of Pain

[I]  Banks Sink the Most in 2 Months, Bearing the Brunt of Fed's Dovish Turn

 

WALL STREET JOURNAL

[I]  Fed Leaves Rates Steady, Hints at No More 2019 Increases

[I]  Parsing the Fed: How the March Statement Changed From January

[I]  Trump Says Tariffs on Chinese Goods Will Stay for ‘Substantial Period’

[I]  Is Elite College Worth It? Maybe Not

[I]  Measure of U.S. Innovation Jumped in 2018

[I]  Loans Get Cheaper for Some

[I]  The Fed’s New ‘Normal’ Looks Worrisome

 

BUSINESS LINE

[I]  Post elections, GST Council may consider revising definition of affordable housing

[I]  Jaitley for GST Council-like structure for farm, rural development, healthcare

[I]  Domestic air passenger traffic up 5.6% in Feb

[I]  Use analytic tools to fight diseases, not just for marketing: US researcher

[I]  Despite rise in debit card issuance by banks, ATM numbers on the decline

 

ECONOMIC TIMES

[I]  The reason no one is hiring Indian techies

[I]  Sugarcane acreage may fall 40% in M’rashtra next season

[I]  Rupee gets a heady feeling in Asia as Modi eyes a comeback

[I]  10-year yield hits 14-month low after Fed signals no hikes in 2019

[I]  From farms to slums, Indian women on sharp end of jobs crisis

[I]  Animal spirits waver in India as election uncertainty takes hold

[I]  Companies on course to achieving 2% CSR targets in coming years

 

BUSINESS STANDARD

[I]  Govt mulling options to lower income cut-off level for LPG subsidy

[I]  I-T department, other tax agencies can initiate insolvency: NCLAT

[I]  From 1950 to 2018: How Artificial Intelligence has evolved over the years

[I]  US Federal Reserve sees no 2019 hikes, plans Sept end to asset drawdown

[I]  Theresa May seeks 'short' delay to Brexit Day deadline, EU demands new vote

 

Best Regards, ARBIND
21 Mar 2019