MACRO ECONOMIC NEWS

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Macro Economic News 26 Sep 2019

 

Millions of Indians do not have secure water supplies, according to the UK-based charity, WaterAid. It says 12% of Indians, or about 163 million people, do not have access to clean water near their homes - the biggest proportion of any country. Latin America’s third-biggest economy is repeating a pattern that has dogged it for over 70 years, running out of hard currency while grappling with inflation and contraction.  The Federal Reserve Bank of New York said it would increase the size of overnight cash loans to $100 billion from $75 billion. IMF head warns of world’s ability to handle global slump.

 

FINANCIAL TIMES

[I]  Sea level rises faster as polar ice melts, warns UN report

[I]  US blacklists Chinese companies for shipping Iran oil

[I]  US and Japan sign partial trade agreement

[I]  Netanyahu offered chance to form Israeli coalition

[I]  German business calls for end to new borrowing ban

[I]  IMF head warns of world’s ability to handle global slump

[I]  Asia’s emerging economies are winning US-China trade war

 

REUTERS

[I]  Japan to invest $10 billion in global LNG infrastructure projects: minister

[I]  How a sanctions-busting smartphone business thrives in North Korea

[I]  U.S., Japan sign limited trade deal, leaving autos for future talks

[I]  Iran demands U.S. 'pay more' for a wider deal

[I]  India’s stuttering economy hits global oil demand: Kemp

[I]  Trade tensions darken growth outlook for developing Asia: ADB

[I]  U.S. consumer confidence falls in September, trade fears dominate

 

BLOOMBERG 

[I]  Trading Impeachment Threat Is Mission Impossible for Wall Street

[I]  India’s Animal Spirits Are Hushed as Consumer Demand Remains Elusive

[I]  These Charts Show How Much China’s Home Builders Are Struggling

[I]  China Defaults Set to Worsen as $8.6 Billion Bonds Due Next Year

[I]  India’s Corporate Tax Cut Makes Rupee Carry Trade More Lucrative

[I]  U.K. Car Production Halts Slide -- Thanks to Brexit Confusion

[I]  India Scrambles for LPG to Meet Peak Demand as Saudis Defer Flow

[I]  Yen is Weakening And Its Worst Quarter is Around the Corner

 

WALL STREET JOURNAL

[I]  Why Argentina Faces an Economic Crisis. Again.

[I]  New York Fed Boosts Size of Repurchase Operations

[I]  Reforms Have Made Banks Safer but Markets More Brittle

[I]  U.S., Japan Sign Trade Deal on Farm Goods, Digital Trade

[I]  IMF Approves Bulgaria’s Georgieva as New Chief

[I]  The Farm Belt’s Miserable Year

[I]  Fed's Evans Doesn't See More Rate Cuts for 2019

 

BUSINESS LINE

[I]  ‘The message to banks is clear: Benefits should reach consumers’

[I]  Recent policy changes present an opportunity to reset the economy: Sachidanand Shukla

[I]  ADB cuts India’s GDP growth forecast to 6.5% for FY20

[I]  Kris Gopalakrishnan’s five tips to entrepreneurs to build a lasting business

[I]  TN sugar producers seek support from govt to tide over crisis

 

ECONOMIC TIMES

[I]  Double-A bonds may be allowed as collateral in money market

[I]  14.24 lakh new jobs created in July: ESIC payroll data

[I]  Ongoing global uncertainties dampen M&A deal activity in August: Report

[I]  Challenge before India is to grow at 8-9 per cent and sustain it: Amitabh Kant

[I]  Infra companies, SEZ units unclear on use of MAT credits

[I]  UNCTAD sees India growth moderating to 6% in 2019

[I]  Direct tax code panel for DDT removal to promote investment

[I]  Andhra Pradesh may junk blanket industrial incentives

 

BUSINESS STANDARD

[I]  Extending debt instrument maturity is like default: Sebi circular

[I]  Govt to soon unveil norms to protect winning bidders in IBC cases

[I]  Homebuyers unlikely to gain from reduction in corporation tax rates

[I]  Come to India, if there's any gap I'll act as bridge: Modi tells investors

[I]  India, US fail to seal trade deal over differences on import duties

[I]  At 6%, UN body projects 7-year low GDP growth for India in 2019

[I]  Banks to discontinue cashback on credit card payments at petrol pumps

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11495;  USDINR DGCX: 71.0475;  DJIA Mini: 26942;  FTSE 100 Fut: 7252;  NIKKEI 225 Fut: 21920;  EUR-USD: 1.0958; Crude Oil (WTI): 56.52;  Gold (Spot): 1509

 

Best Regards, ARBIND
26 Sep 2019