MACRO ECONOMIC NEWS

AMAZING IS THE BEAUTIFUL DAY COMING YOUR WAY. WISHING A CHARMING WEEK AHEAD.

Macro Economic News 17 Feb 2020

 

Investors and customers aren’t the only ones pressuring big companies to address climate change—employees are joining in too. The Trump administration said it would increase tariffs on aircraft coming from the European Union, as its dispute with the bloc over subsidies for plane manufacturers remains unresolved. Japan's recession risks grow as economy skids in fourth quarter, virus clouds outlook as it shrank at a faster-than-expected annualized pace of 6.3% in the October-December quarter, the first contraction in more than a year, as a sales-tax increase at the beginning of the quarter cooled consumption. Indian IT industry head accuses US of discrimination over worker visas although; China provides record funding for Indian start-ups.

 

FINANCIAL TIMES

[I]  Indian IT industry head accuses US of discrimination over worker visas

[I]  France warns of bitter UK-EU negotiations

[I]  Mexico tackles obesity crisis with tough food labels

[I]  China, Europe and tech dominate Munich security conference

[I]  China provides record funding for Indian start-ups

[I]  The ‘frugal four’ advocate a responsible EU budget

 

REUTERS

[I]  Japan's recession risks grow as economy skids in fourth quarter, virus clouds outlook

[I]  Thai economic growth slips to five-year low, virus to hit tourism

[I]  China's home price growth hits near two-year low as coronavirus spreads

[I]  UK to invest $1.6 billion in weather and climate supercomputer

[I]  UK shoppers face pain without comprehensive post-Brexit trade deal - BRC

[I]  Singapore January exports up 4.6 percent, beat forecasts

[I]  Singapore cuts growth outlook as virus poses recession risk

 

BLOOMBERG 

[I]  Ships Are Skipping China and It’s Causing Turmoil for Trade

[I]  In Two Weeks, Indian Debt Turns From Loser to Favorite for Funds

[I]  Japan Recession Fears Grow With Virus Spreading After Tax Hit

[I]  Indian Banks Lured by 14-Year Low Borrowing Costs Binge on Bonds

[I]  Asia’s Fiscal Spending, Global Policy, Provincial Pain: Eco Day

[I]  After Fed and ECB, India May Turn Next to BOE for Inspiration

 

WALL STREET JOURNAL

[I]  How High Should Government Debt Go? Economists Can’t Agree

[I]  New Source of Climate Pressure for Companies: Workers

[I]  Economy Week Ahead: Fed Minutes, PMI, Home Builders, Realtors Data

[I]  Trump Administration to Raise Tariffs on EU Aircraft

[I]  U.S. Consumer Spending Picks Up, While Manufacturing Declines

[I]  Japan’s Economy Shrinks as Sales-Tax Increase Cools Consumption

 

BUSINESS LINE

[I]  FRBM not breached in the Budget, says Sitharaman

[I]  Coronavirus could damage global growth in 2020: IMF

[I]  Government allows Indian companies to list global depository receipts at IFSC

[I]  ‘India a promising yet challenging market for IP-intensive industries’

[I]  India-US trade deal yet to shape up even as oil contracts appear likely

[I]  India in talks with Russia for long-term import of crude oil

 

ECONOMIC TIMES

[I]  I-T may ask NRIs to explain 'bloated' income

[I]  Indians bag half of employer sponsored green cards

[I]  A confidential note adds another twist to NBFC crisis

[I]  Don't worry, I-T exemptions are here to stay

[I]  Euro near 3-year low on sluggish growth, yen steady despite weak GDP

[I]  Odisha to have a larger FY20-21 Budget, despite lesser Central funds

[I]  Finance Ministry to assess impact of coronavirus outbreak on trade

 

BUSINESS STANDARD

[I]  Taxmen to ease rules for amnesty scheme, help assessees to meet deadline

[I]  More firms in India complying with CSR norms under Companies Act: Report

[I]  No timeline to remove income tax exemptions, says Nirmala Sitharaman

[I]  Trade deal, investments: What India Inc expects from Donald Trump's visit

[I]  Post-Brexit, UK rules 'turn off tap' of low-skilled foreign labour

 

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 12135;  USDINR DGCX: 71.5375;  DJIA Mini: 29398;  FTSE 100 Fut: 7409;  NIKKEI 225 Fut: 23537;  EUR-USD: 1.0838; Crude Oil (WTI): 52.05;  Gold (Spot): 1582

 

Best Regards, ARBIND
17 Feb 2020