MACRO ECONOMIC NEWS

LET THIS TOGETHERNESS TURN THE CELEBRATION INTO CARNIVAL; HEART INTO HEAVEN AND HOUSE INTO HOME. WISHING AN INSEPARABLE WEEK AHEAD.

Macro Economic News 23 Dec 2019

 

Indian Govt won't be hiking GST rates anytime soon whereas highways sector is expected to see Rs 15 lakh crore investments in 5 years. As many as 377 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns of more than Rs 3.94 lakh crore owing to delays and other reasons. As a part of the government’s push to better India’s ranking on the World Bank’s ease of doing business index, Ministry of Corporate Affairs (MCA) is planning to give a bank account number to each company as soon as it is incorporated. Just a few years ago, Greece stood out from the rest of the developed world for its devastated economy. Now Greece has the world’s strongest manufacturing sector, based on indexes of manufacturing activity. New Mexico has launched several short-term job training programs aimed at lowering unemployment and training workers for hard-to-fill jobs, a task employers struggled with in a tight labor market. Corporate Japan posts record number of M&A deals while Brazilian consumers feel festive cheer as economy returns to life. In 2020, 2% Looks Like the New 3% for the World’s Benchmark Rate while Bond wobble shrinks global pile of negative yields.

 

FINANCIAL TIMES

[I]  Bond wobble shrinks global pile of negative yields

[I]  Corporate Japan posts record number of M&A deals

[I]  Brazilian consumers feel festive cheer as economy returns to life

[I]  France loosens ties with west African currency

[I]  Australia’s PM refuses to change climate policy after deadly fires

[I]  Global food supply chains caught in honey trap

 

REUTERS

[I]  South Korea 20-day exports fall, but China demand offers hope

[I]  China will lower import tariffs on over 850 products from January 1

[I]  Abenomics sputters as trade damage spreads, tax revenues undershoot

[I]  Egypt, Ethiopia, Sudan views come closer on giant Nile dam: Sudanese minister

[I]  North Macedonia adopts 2020 budget, targets lower deficit

[I]  Egypt to begin gas imports from Israel by mid-Jan 2020

[I]  Christmas in Lebanon not so merry as economic crisis bites

[I]  Trump says trade deal with China to be signed 'very shortly'

 

BLOOMBERG 

[I]  China to Further Open Up Industries, Ease Burden for Companies

[I]  Our Guide to What the World’s Top Central Banks Will Do Next Year

[I]  Here’s What Credit Pros Are Watching as Defaults Rise in China

[I]  Big Tech Could Lose Financial Blessing of the Church of England

[I]  Thai Baht, Asia’s Best-Performing Currency, Faces Reversal

[I]  Kuwait Could Agree in Days With Saudis on Neutral-Zone Oil

[I]  Lagarde Model Shunned as U.K. Extends Economy’s Male Millennium

[I]  A Safe Corner of Emerging Markets Looks Less of a Haven in 2020

[I]  Five Years After Meltdown, Ruble Is Reborn as Trade-War Refuge

[I]  In 2020, 2% Looks Like the New 3% for the World’s Benchmark Rate

[I]  W. Africa Monetary Union to Reform CFA Franc, Keep Euro Peg

 

WALL STREET JOURNAL

[I]  Employers Turn to On-the-Job ‘Boot Camps’ to Fill Out Workforce

[I]  Surprise Exception to the Global Manufacturing Slowdown: Greece

[I]  Consumer Spending Strengthens as Year Winds Down

[I]  When Congress Buys Time to Finish a Budget, the Price Is Uncertainty

[I]  With Brexit Looming, U.K. Picks Veteran as Central Bank Chief

[I]  Economy Week Ahead: U.S. Manufacturing, Japan Jobs Market

 

BUSINESS LINE

[I]  377 infrastructure projects show cost overruns of Rs 3.94 lakh crore

[I]  ‘This slowdown is cyclical, not structural’

[I]  Gadkari bats for IT, e-governance, praises FASTag system

[I]  Maharashtra unearths huge fertiliser adulteration scam

[I]  Auto Expo 2020 will be launch pad for revival: SIAM

[I]  Revenue Dept confident of achieving tax mop-up target

[I]  Wheat continues to gain acreage as farmers plant more in Rajasthan, M.P.

 

ECONOMIC TIMES

[I]  Govt won't be hiking GST rates anytime soon

[I]  What the job scene may look like in 2020

[I]  What’s at stake in Jharkhand for key players

[I]  India seeks to reclaim its ship-recycling glory

[I]  Highways sector to see Rs 15 lakh crore investments in 5 years: Nitin Gadkari

[I]  Data policy tweaks set to keep India Inc busy in 2020

 

BUSINESS STANDARD

[I]  Registering a company? Starting a business gets just a little bit easier

[I]  Mall developers, investors look to double retail spaces in next two years

[I]  Consumer durables report steady growth in 2019; slowdown a threat in 2020

[I]  IBC to Central GST Act, 10 laws that changed the way India does business

[I]  Supreme Court verdicts that shook industries like telecom, coal, and mining

[I]  FPIs open fund floodgates for markets; net inflow crosses Rs 1 trn in 2019

 

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 12289;  USDINR DGCX: 71.2100;  DJIA Mini: 28491;  FTSE 100 Fut: 7514;  NIKKEI 225 Fut: 23780;  EUR-USD: 1.1083; Crude Oil (WTI): 60.28;  Gold (Spot): 1481

 

Best Regards, ARBIND
23 Dec 2019