MACRO ECONOMIC NEWS

THE NATURE HAS CREATED UNIQUE AND EMPOWERING CIRCUMSTANCES; ENJOY AND HAVE FUN. WISHING A RECREATIONAL WEEKEND.

Macro Economic News 07 Sep 2019

 

The lander of India’s Chandrayaan-2 moon mission was attempting a “soft,” or controlled, landing near the south pole of the moon where scientists believe there could be water ice. ISRO lost communication with it just as it was about to land on the moon. Fed Chair Jerome Powell said, “The U.S. Federal Reserve will continue to act "as appropriate" to sustain the economic expansion in the world's biggest economy”, sticking to a phrase that financial markets have read as signalling further interest-rate reductions ahead. The People’s Bank of China plans to reduce the amount of reserves that commercial banks are required to keep with the central bank by half a percentage point as the world’s second-largest economy faces increasing pressure from a trade war with the U.S. Fitch Ratings downgraded Hong Kong, saying months of unrest were testing the city’s relationship with mainland China and had dented its reputation as a well-governed, stable place to do business.

 

FINANCIAL TIMES

[I]  Gloom deepens for global economy

[I]  Welcome to the age of the eco-entrepreneur

[I]  Yield curve inversion divides Fed presidents

[I]  Boris Johnson’s bullying fails to cow his opponents

[I]  Mortgage wars slash the price of a five-year fix

[I]  Investors shun UK funds in July and seek safety in bonds

[I]  UK state-owned bank scraps sale of retail savings bonds

 

REUTERS

[I]  India loses contact with Chandrayaan-2

[I]  U.S. launches antitrust probe into California automaker agreement

[I]  U.S. hiring cools; wages, hours offer silver lining

[I]  Russia hit back to beat Scotland in Euro qualifier

[I]  Fed Chair Powell repeats vow to act 'as appropriate'

[I]  India's gold demand ticks up ahead of festivals, subdued elsewhere

[I]  Draghi's dilemma: Go big, but how big?

[I]  Zimbabwe after Mugabe: dashed hopes and economic chaos

[I]  August jobs report points to slowing economy, Fed rate cut

 

BLOOMBERG 

[I]  Argentina Soy Crushers Meet With China on Path to Meal Approval

[I]  Once-Hot IPOs Get Cooler Receptions After Earnings Reality Check

[I]  After Worst Rout in Years, Bonds Take Powell and Jobs in Stride

[I]  India Signals More Measures to Spur Economy as Growth Plummets

[I]  Auto Lender Checked Income on 3% of Loans in Subprime Bond

[I]  Fed Case to Cut Rates Again Is Supported by U.S. Jobs Slowdown

[I]  Women in U.S. Work Force Climbs to Highest Since 2002

[I]  Canada’s Jobs Market Surprises Again With Monster Gain

 

WALL STREET JOURNAL

[I]  Modest August Job Growth Shows Economy Expanding, but Slowly

[I]  Powell Signals Rate Cut Likely at Meeting This Month

[I]  August Jobs Report Will Keep Fed on Track to Cut Rates

[I]  Powell Signals Rate Cut Likely at Meeting This Month

[I]  China’s Central Bank to Free Up $126 Billion for Lending

[I]  Fed Lines Up Another Quarter-Point Rate Cut

[I]  Trump Administration Aims to Privatize Fannie Mae and Freddie Mac

[I]  Fitch Downgrades Hong Kong After Months of Protests

 

BUSINESS LINE

[I]  President to visit Iceland, Switzerland, Slovenia to boost economic ties

[I]  Commerce Minister to represent India at the RCEP, East Asia meetings in Bangkok

[I]  India’s domestic market for computer services to grow faster than exports: UN report

[I]  Finance Ministry reviews capital expenditure plan of CPSEs, other ministries

[I]  Slowdown will not hit social sector spending: Finance Minister

[I]  Kharif acreages as good as last year’s

[I]  Government likely to announce measures to boost exports soon

 

ECONOMIC TIMES

[I]  Techies can relax, AI won't steal their jobs

[I]  Carmakers turn to rural India to rev up sales

[I]  Your identity is fueling rise of a whole new industry

[I]  Forex reserve falls by $446 million to $428.6 billion

[I]  Inflation rate is under control, it hasn’t increased since 2014: Nirmala Sitharaman

[I]  Centre to infuse Rs 12,000 crore in state general insurance firms

[I]  Slowing India: The slump we've been reading about enters our backyard

[I]  EPFO in talks with NHAI to enhance funding for road projects

 

BUSINESS STANDARD

[I]  Used car market on growth track, but auto crisis casts a shadow

[I]  Start-ups seek separate data policy, don't want to be part of e-commerce

[I]  Monetary limits won't matter in organised tax evasion, says CBDT

[I]  Finance ministry tells large CPSEs to accelerate investment activities

[I]  Six states, two crops show stress due to erratic rains: CRISIL Drip index

[I]  Explained: How to safeguard children against cyberbullying

 

Best Regards, ARBIND

07 Sep 2019