MACRO ECONOMIC NEWS

OBJECTIVE EVALUATION IS HELPFUL IN EVOLUTION. WISHING A FULFILLING DAY AHEAD.

Macro Economic News 20 Sep 2019

http://eco.isead.in/

Finance Minister Nirmala Sitharaman is likely to unveil measures to boost economic growth, which slipped to a six-year low of 5% in the April-June quarter, two government sources said. U.S. and Chinese deputy trade negotiators resumed face-to-face talks for the first time in nearly two months on Thursday, as the world's two largest economies try to bridge deep policy differences and find a way out of their protracted trade war. Japan's core consumer inflation slowed to a new two-year low in August due to lower oil costs and feeble economic growth, data showed on Friday, adding to the central bank's growing challenges in achieving its elusive 2% price target. The chances of a meeting between U.S. President Donald Trump and Iranian President Hassan Rouhani while they are both in New York next week for the annual gathering of world leaders at the United Nations have dwindled since an attack on Saudi oil facilities. The global economy is set to grow at the slowest pace since the financial crisis, with business investment and trade hampered by an escalating dispute between the U.S. and China, the OECD said. 

FINANCIAL TIMES

[I] Saudi Arabia ‘bullies’ wealthy families to pump cash into oil IPO 

[I] German ‘black zero’ budget faces €40bn green challenge 

[I] London slips further behind NY in financial centre rankings 

[I] Japan plans to tighten rules on foreign investment 

[I] OECD warns trade tensions could create low-growth trap 

[I] Trump’s trade war puts car seat maker in a bind 

[I] A divided Federal Reserve tries to do no harm 

[I] Fed intervenes again to ease US money market strains 

[I] ECB’s cheap loans receive cool reception from banks 

REUTERS

[I] India likely to unveil measures to boost growth

[I] U.S. building coalition after Saudi oil attack, Iran warns against war

[I] India meets criteria to reclaim U.S. trade concessions

[I] Economy hopes support shares, oil edges up on Mideast tensions

[I] Lagarde says global growth 'fragile', 'under threat': AFP

[I] Japan August consumer inflation eases to two-year low in blow to BOJ

[I] As chance of Trump, Rouhani meeting at U.N. fades, talk turns to Security Council

[I]  UK appeals for public help in setting post-Brexit trade with Japan

[I] India tells tech firms to protect user privacy, prevent abuse

[I] OECD cuts growth outlook to post-crisis low

BLOOMBERG 

[I] Support for South Korea’s Moon Hits Record Low as Woes Pile Up

[I] Australia’s Financial-Crackdown Plans Suffers Blow as Regulator Loses Case

[I] BOJ Makes Sweeping Cuts to Bond Purchases to Steepen Curve

[I] Australia’s Financial-Crackdown Plans Suffers Blow as Regulator Loses Case

[I] Japan Inflation Hits 2-Year Low as BOJ Calls for Price Review

[I] Global Growth Slip, China Trade Dip, Fed Funding Stress: Eco Day

[I] China’s Energy Game Plan Features a Giant Coal-Hauling Rail Line

[I] Koreans Who Didn't Read Fine Print Risk Losing It All on Derivatives

WALL STREET JOURNAL

[I] Fed Chairman Powell Masters the Art of Saying Nothing

[I] Fed Will Weigh Resuming Balance Sheet Growth at October Meeting

[I] Fed Cuts Rates by Quarter Point but Faces Growing Split

[I] Home Sales Inch Up, Raising Hopes That Slump Is Easing

[I] World Economy to Grow at Lowest Rate Since Financial Crisis: OECD

BUSINESS LINE

[I] No economic crisis in India, govt taking steps to make it stronger: Javadekar

[I] Biscuit-makers seek GST reduction to prevent job loss

[I] Oil crisis to have limited impact on inflation, fiscal numbers: RBI Governor

[I] GST Council meet to take call on tax rate cut on Friday

[I] Government notifies 8.65 per cent interest rate for over 6 crore EPFO members for 2018-19

[I] Millennials not speed bumps but drivers of auto sales: Industry experts

[I] FM opens the liquidity tap for Bharat

ECONOMIC TIMES

[I] FM may announce more economic boosters today

[I] FM announces 'loan melas' to boost credit growth

[I] Banks have to take haircuts for stressed NBFCs: RBI

[I] Parliament nod on pesticide and seed bills likely next session: MoS Agriculture

[I] Govt may set up Rs 20,000-cr fund for stalled non-NPA housing projects in 45 days

[I] OECD sees global economy slipping to weakest growth in a decade

[I] Approved cabinet note for scrapping old vehicles, policy out soon: Nitin Gadkari

BUSINESS STANDARD

[I] Loan 'melas' are back: PSBs to hold credit meets in 400 districts, says FM

[I] Bank stake sales in insurance, mutual fund subsidiaries hit a wall

[I] Banks can set their own policies regarding concurrent audits, says RBI

[I] Banks will have to take balanced call on NBFC crisis: RBI's Shaktikanta Das

[I] OECD slashes India's economic growth forecast from 7.2% to 5.9%

[I] Room for rate cuts, not fiscal expansion, says RBI governor Shaktikanta Das

[I] Sebi sets up expert panel to suggest norms for social stock exchanges

Best Regards, ARBIND

20 Sep 2019