econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 08 August 2016

Early Headlines: Asia, European Stocks Up, China Imports Fall, Clinton Bounce, Brexit Delay, Foreign Investment In India, Japan 40 Year Bonds And More

Written by

Early Bird Headlines 08 August 2016

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

early-bird-301-180

Global

asia.pac.2016.aug.08

europe.2016.aug.08

U.S.

EU

Amid the chaos that the so-called Brexit vote has unleashed on the British economy, Danish Prime Minister Lars Loekke Rasmussen is dead-set on forcing an escape from having to foot the welfare bill for EU workers, a key feature of the bloc's freedom of movement principle.

Just like former U.K. premier David Cameron, Rasmussen is trying to placate his right-wing allies. The problem is that his push makes little economic sense and will provide a pay off that's close to zero in savings.

Ever since the Brexit vote, the Liberal Party leader has been reminding his supporters about the need to crack down on "benefit tourism" - a term used by politicians to denounce an alleged practice whereby people from the EU's poorer member states move around the bloc in search of the best welfare package, rather than to find a job.

The drive comes even as new restrictions could cool the inflow of labor, exacerbating a shortage that analysts say is stunting economic growth.

UK

  • How a Hairdresser's Lawsuit Could Spell Trouble for Brexit (Bloomberg) It may be a long time before the Brexit process gets started. Lawsuits, filed on behalf of a hairdresser, a finance entrepreneur and others unwilling to be publicly identified, have been merged into a single claim that's likely to end up before the U.K. Supreme Court this year. The claimants want the nation's highest court to rule that it would be illegal to invoke Article 50, triggering the two-year countdown to Brexit, without first holding a vote in parliament.

India

  • FPIs stay bullish on India, pump in Rs 2,300 cr in a week (Business Standard) Building on their buying momentum, foreign investors poured in nearly Rs 2,300 crore ($368 million) into Indian equity markets in the first week of this month on positive global cues and passage of GST Bill in the Rajya Sabha. It comes following a four-month high inflow of Rs 12,612 crore ($2 billion) in the preceding month. This was the highest net inflow since March, when FPIs had pumped in Rs 21,143 crore ($3.4 billion) in the stock markets. Indian equities have been witnessing positive inflow from foreign investors since March.

Japan

  • Japan finance minister: To work with BOJ, use all policy tools to spur growth (Reuters) Japanese Finance Minister Taro Aso said on Friday that the government would work with the Bank of Japan to use all policy tools to support growth while paying heed to risks posed by the global economy. Japan's economy continues to recover moderately despite some weakness, Aso told reporters after a cabinet meeting, noting downside risks such as a slowdown in China and other emerging markets and Britain's decision to exit the European Union. Aso, who was reappointed to his post in a cabinet reshuffle on Wednesday, also said he would make a decision on the increase in issuance of 40-year government bonds based on careful dialogue with market participants.

South Korea

  • Economy over-reliant on government spending (The Korea Times) The country's economy is increasingly relying on government spending for growth as the private sector loses vitality. Economists point out that repeated short-term stimuli will only weaken fiscal health. According to the Korea Development Institute (KDI), the government spending made up nearly one-third of economic growth last year ― the country's GDP marked 2.6% growth, 0.8 percentage points of which was owed to government financing. In other words, the economy would have grown only 1.8% without this.

  • Financial watchdog says 32 firms need restructuring (Yonsap News Agency) South Korea's financial watchdog on Sunday said 32 big local firms should carry out restructuring, a move that could be aimed at keeping financially troubled companies from further hurting Asia's fourth-largest economy. The Financial Supervisory Service (FSS) made the announcement after conducting a credit risk analysis on 602 companies, which were selected out of 1,973 owing over 50 billion won (US$44 million) to banks and showed signs of financial health problems. The FSS rated the 602 firms in a category ranging from A to D, with A and B being considered financially healthy. It put 19 companies in group D, meaning they should be placed on court receivership.

China

  • Disappointing China July imports suggest cooling domestic demand (Reuters) China's exports and imports fell more than expected in July in a rocky start to the third quarter, pointing to further weakness in global demand in the aftermath of Britain's decision to leave the European Union. Imports fell 12.5% from a year earlier, the biggest decline since February and suggesting China's domestic demand may be faltering despite a flurry of measures to stimulate economic growth.

  • China's Small-Time Stock Investors Aren't Buying the Rebound (Bloomberg) Many of China's 109 million stock investors are still sitting on losses after piling into equities at the height of 2015's rally. While the Shanghai Composite Index has climbed 12% from its January low, the benchmark gauge is still 42% below its peak in June last year. Yet individuals' dominance of trading -- they account for 80% of turnover -- means any rebound is limited without their participation.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
The Expected Effects of Petitions to Improve the Monetary System
Energy and Falling Productivity
News Blog
Clinton Wins Round One
Why Alzheimer's Research Is Failing To Hit Treatment Targets
Voters Still Distrust Both Presidential Candidates
What We Read Today 27 September 2016
How To Get People To Exercise
September 2016 Conference Board Consumer Confidence Now At Highest Level Since the Great Recession
Richmond Fed Manufacturing Survey Remains In Contraction In September 2016.
September 2016 Chemical Activity Barometer Continues to Signal Improving Economic Growth
Case-Shiller Home Price Index July 2016 Year-over-Year Rate of Growth Decelerates
Between Geopolitics And Technology
Infographic Of The Day: See Every Single Part Inside An IPhone
Early Headlines: Asia Stocks Mixed, Europa Water Plumes, All About The Debate, Putin Reacts To Debate, Oblivious Students, India Rocket Success, China Profits Surge And More
September 26, 2016 Weather and Climate Report - Not Quite the Camino Real
Investing Blog
Banks Of Absurdity
Investing.com Technical Summary 27 September 2016
Opinion Blog
Why All Banks Should Be Federally Owned
Housing Inflation- A Simple Case Of Supply And Demand Exacerbated By Low Rates
Precious Metals Blog
War On Cash Turns To $20, $50, And $100 Bills
Live Markets
27Sep2016 Market Close: US Major Indexes Closed Higher As Commodities Fell, WTI Crude Slipped Three Percent
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved