MACRO ECONOMIC NEWS

NOTHING WILL COME IN BETWEEN THIS SATURDAY AND SUNDAY EXCEPT THE HAPPINESS. WISHING AN  AMAZING WEEKEND AHEAD.

Macro Economic News 17 Aug 2019

 

India's population growth is falling. Economic stimulus decision is unlikely before Monday: government source. The Australia and New Zealand Banking Group (ANZ) slashed its forecast for India's economic growth to 6.2% in the financial year ending next March from a previous estimate of 6.5%, warning it would be tough for authorities to engineer a turnaround. Trade within Eurozone falls at fastest pace in six years. The unemployment rate for Americans between ages 16 and 24 ticked down to the lowest such rate since July 1966. U.S. household sentiment dropped to a seven-month low in August, as consumers took fright from the implications of trade uncertainties and the Federal Reserve’s recent rate cut.

 

FINANCIAL TIMES

[I]  Trump’s interest in buying Greenland stuns Denmark

[I]  Hong Kong protesters play dangerous endgame with China

[I]  Germany flags ‘high probability’ of no-deal Brexit

[I]  Germans devastated by grim future of fairytale forests

[I]  Trade within eurozone falls at fastest pace in six years

[I]  Race to the bottom: the investor exploring Earth’s deepest places

 

REUTERS

[I]  Economic stimulus decision unlikely before Monday: government source

[I]  U.S.'s North Korea envoy to visit Japan, South Korea next week

[I]  U.S. removes some Chinese furniture, modems from planned 10% tariffs

[I]  ANZ slashes forecast for India's GDP growth in 2019/20 to 6.2%

[I]  Trump held conference call with big bank CEOs amid market turmoil: source

[I]  Exclusive: Fed's Mester weighing argument for U.S. rate cut

[I]  Veteran UK politicians asked to lead potential anti-Brexit government

[I]  U.S. housing market mired in weakness; consumer sentiment ebbs

[I]  Global rate cuts mark broadest policy shift since crisis: Fitch

 

BLOOMBERG 

[I]  Burned Again, Argentina’s One-Time Bulls Sift Through the Ashes

[I]  Volcker Revamp Could Free Banks to Boost Investment Fund Stakes

[I]  Soft Commodities Are on Their Biggest Losing Streak in Two Years

[I]  Bank of America Says ‘No Way’ to Negative Municipal-Bond Yields

[I]  Argentina Slammed by Double Downgrade at End of Traumatic Week

[I]  Property Widens Its Lead Over ‘Big Government’ as U.S. GDP’s Top Driver

[I]  Economic Concerns Send U.S. Consumer Mood to Seven-Month Low

 

WALL STREET JOURNAL

[I]  Summer Youth Unemployment Rate Falls to Half-Century Low

[I]  Trade Jitters Dent Consumer Sentiment

[I]  Despite Reprieve, New Tariffs Will Hit Wide Range of Consumer Goods

[I]  U.S. Housing Starts Decreased 4.0% in July

[I]  U.S. Shoppers Splurge in Face of Global Headwinds

[I]  Industrial Sector Struggled in July

 

BUSINESS LINE

[I]  TRAI releases paper to re-look caps on discounts offered by broadcasters on bouquets

[I]  New scheme will fund cutting-edge research

[I]  Stimulus package will be announced at the right time: Sitharaman

[I]  Tamil Nadu: New industrial policy to suit GST regime on the anvil

[I]  Heavy rain may batter Rajasthan for two more days

[I]  Premium-economy and business-class fly high even as aviation sector slows

 

ECONOMIC TIMES

[I]  Caught in the (Companies) Act? Don't fret

[I]  Crisis in NBFCs could bite Indian realty harder

[I]  IT firms are going all out to stop attrition

[I]  Forex reserve hits fresh lifetime high of $430.57 billion

[I]  Ways to profit from $17 trillion of negative-yielding debt

[I]  Finance Ministry to cut tax on prize post PM nudge

[I]  Finance Ministry asks PSBs to seek ideas from branches for achieving $5-trn economy

 

BUSINESS STANDARD

[I]  Now, start-ups can issue shares with differential voting rights

[I]  PSBs may ease credit access to automobile dealers to boost sales

[I]  Over 80 payments apps face an uphill battle to turn the country cashless

[I]  Govt adopts a new approach to bring reforms in public sector banks

[I]  India's population growth falling already: Explained in four charts

[I]  Rain recovery encouraging at all-India level: CRISIL Drip index

[I]  DTC task force likely to submit report to Nirmala Sitharaman on Monday

 

Best Regards, ARBIND

17 Aug 2019