MACRO ECONOMIC NEWS

HAPPINESS IS CRAZY; SOMETIMES IT COMES IN ABUNDANCE ON WEEKEND. WISHING AN ELEGANT WEEKEND AHEAD.

Macro Economic News 28 Sep 2019

 

India is looking to ease foreign investment limits in government bonds, as it seeks to get its securities included in global bond indexes in the next two years. India's oil imports from Iraq surged to a record high in August as refiners replaced costly African imports with cheaper Basra crude as per the tanker arrival data obtained from industry and shipping sources. Irish Foreign Minister Simon Coveney warned that time was running out for Britain and the European Union to hammer out a divorce deal with the British Brexit minister also saying the moment of truth was approaching. U.S. inflation slowed in August after a pickup in the previous month, as lower prices for energy, food and durable goods offset steady growth in services prices.

 

FINANCIAL TIMES

[I]  Trump considers ban on Chinese listings in US

[I]  IPO crashes send chills from Wall Street to Silicon Valley

[I]  Splits at the ECB top table over Draghi’s stimulus

[I]  Cooling US economy muddies waters for Fed

[I]  IMF says Greece needs lower fiscal targets

[I]  Japan and EU sign deal in riposte to China’s Belt and Road

[I]  Energy groups risk ‘misleading’ customers over renewable claims

[I]  German scepticism of ECB reveals eurozone paradox

 

REUTERS

[I]  India looks to ease foreign investment limits in government bonds: sources

[I]  India's monsoon set for delayed retreat

[I]  Spillover: world economies' next big headache

[I]  Moment of truth coming for Brexit with time running out, EU and Britain say

[I]  India's Iraq oil imports jump to a record in August - trade data

[I]  Southeast Asia catches swine fever, U.S. crop exporters get the chills

[I]  China's August industrial profits fall as headwinds hit firms

 

BLOOMBERG 

[I]  White House Weighs Limits on U.S. Portfolio Flows Into China

[I]  Intelligence Watchdog to Brief House Panels: Impeachment Update

[I]  The Fed Is Girding for Repo Trouble Monday Even as Market Calms

[I]  Slowing Economy and Deflation Cause China’s Company Profits to Drop

[I]  IPO Collapse Threatens 2020 Class of Unicorn Hopefuls

[I]  Hunt for Tax Havens Fuels $47 Billion Stampede Into Muni Debt

 

WALL STREET JOURNAL

[I]  Global Slowdown Spreads Across U.S. Economy

[I]  U.S. Inflation Decelerated in August

[I]  Central-Bank Hawks Raise Their Voices Against Low Rates

[I]  Trump’s Fed Attacks Are Helping to Drive Rate Cuts, Paper Says

[I]  Fed Adds $110.1 Billion to Financial System in Latest Transaction

[I]  Many Manufacturers’ Ups and Downs Have Little to Do With Trump

[I]  Fed’s Harker: Fed Should Hold Firm on Rates Right Now

 

BUSINESS LINE

[I]  ‘Thailand keen to export rubber products to India’

[I]  Capex touches 40% in April-August period

[I]  Monsoon to get extended life as fresh 'low's are forecast

[I]  Key product categories of construction equipment sector see 16% drop in volumes

[I]  Area sowed under Kharif crosses 100 million hectares

 

ECONOMIC TIMES

[I]  India's NPAs could be a blessing in disguise

[I]  Delayed rains brighten prospects of Rabi output: India Ratings

[I]  Total government liabilities rise to Rs 84.6 lakh crore in Q1: Finance Ministry report

[I]  Govt stops import incentives for exporters of gold medallions and coins

[I]  India's economy to be world's 2nd fastest growing at 6%

 

BUSINESS STANDARD

[I]  EPFO audit shows serious gaps in management of provident fund accounts

[I]  Farm income and wages fell in demonetisation year, reveals new data

[I]  RBI's new norms can bring more efficiency in a bank's liquidity management

[I]  Duty-free gold import junked for machine-made jewellery export

[I]  Revenue dept reviewing India's low-benefit free trade agreements

[I]  Copper in India to lose sheen due to demand-supply mismatch: CARE

[I]  New promoter norms may bring down the liability for some stakeholders

 

Best Regards, ARBIND

28 Sep 2019