MACRO ECONOMIC NEWS

MUSIC SOUNDS BETTER WITH FRIENDS THIS WEEKEND. WISHING A MAJESTIC WEEKEND AHEAD.

Macro Economic News 14 Sep 2019

 

India's August trade deficit narrows to $13.45 billion. Exports down 6% in August as most major sectors falter.RBI-led review could be a painkiller for liquidity-starved shadow banks. Former British prime minister David Cameron, who took the decision in 2016 to hold a referendum on the country's membership of the European Union, said another vote may be needed to resolve the Brexit impasse. Spending on vehicles drove strong retail sales in August, suggesting American shoppers continue to support the economy at a time of heightened global uncertainty. The Bank of Japan is growing more open to the idea of cutting short-term interest rates deeper into negative territory, responding to global risks that are forcing other central banks to cut rates, said people familiar with the bank’s thinking.

 

FINANCIAL TIMES

[I]  Tech start-ups’ spending makes up 10% of Big Tech’s revenues

[I]  EU envoy urges bloc to engage more with Russia

[I]  Draghi faces chorus of criticism over fresh stimulus

[I]  China to exempt some US pork and soy imports from tariffs

[I]  Johnson vows to north he will ‘do devolution properly’

[I]  The surprising success of world cup rugby in Japan

[I]  Brexit reopens old wounds in Northern Ireland

 

REUTERS

[I]  India's August trade deficit narrows to $13.45 billion

[I]  New Delhi to slash use of cars in November to cut pollution: chief minister

[I]  With rate cut likely, market wonders how low Fed will go

[I]  Britain may need a second Brexit referendum, says former PM Cameron

[I]  India curbs onion shipments by imposing minimum export price

[I]  ECB hawks rally against Draghi's farewell stimulus

[I]  Global economy 'far' from recession, IMF official says

 

BLOOMBERG 

[I]  ECB Dispute Goes Public as Governors Spar Over Draghi's QE Move

[I]  Trump’s Tariffs Drag Down U.S. Solar Industry, Developer Says

[I]  IMF Likely to Withhold Argentina Billions Until Policy Fog Lifts

[I]  Zambia’s Fragile Economy Faces Pummeling From Climate Change

[I]  Zimbabwe Raises Rate to 70% to Support Currency, Curb Inflation

 

WALL STREET JOURNAL

[I]  How Once-Doomed Mortgage Giants Gained New Lease on Life

[I]  Auto Sales Revved Up August Retail Spending

[I]  China to Exempt U.S. Soybeans, Pork From Punitive Tariffs

[I]  Gig Economy in Crosshairs After Freewheeling Growth

[I]  U.S. Deficit Tops $1 Trillion for First Time in Seven Years

[I]  ECB Acts to Spur Eurozone’s Flagging Economy

[I]  Newsletter: ECB’s Big Splash, America’s Big Deficit, and Inflation’s Mild Return

[I]  Who Can Go Lower? Japan Considers Deeper Negative Rates After ECB Cut

 

BUSINESS LINE

[I]  Exports down 6% in August as most major sectors falter

[I]  As States push for GST compensation for 3 more years, no end to cess pain

[I]  Pharma exports beat recessionary trends; up 22% in July

[I]  Monsoon withdrawal may run into resistance over South Peninsula

[I]  CBDT notifies norms for faceless IT assessment

[I]  Now, slowdown bug bites tourism sector

 

ECONOMIC TIMES

[I]  India isn't growing like it should, says IMF

[I]  Forex reserves soar USD 1 bn to USD 429.60 bn

[I]  Trade optimism pressures yen but caution prevails ahead of Fed, BOJ

[I]  RBI panel pitches for federal body like GST Council in farm sector

[I]  Paddy planting down by 2%, output likely to be down by 10-15%

[I]  NPCI slashes MDR for debit cards

[I]  Government plans a private sector core team for stats of the nation

 

BUSINESS STANDARD

[I]  Exports contract 6% in August, trade deficit narrows to $13.45 billion

[I]  Auto sales growth outlook revised to 5-7% for FY20, says report

[I]  Govt had no outstanding loans from RBI in week ended September 6

[I]  RBI likely to go for further rate cut in October 4 meet, say experts

[I]  Focus on sustainability of agriculture, not loan waivers, says RBI

[I]  In a dim market, investments in small savings instruments jump 37%

[I]  RBI-led review could be a painkiller for liquidity-starved shadow banks

 

Best Regards, ARBIND

14 Sep 2019