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To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_07022018.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 9:15 am: State-run RITES and Fine Organic Industries list on exchanges in Mumbai.
5:00 pm: Government to release May Infrastructure output data in New Delhi.
GMF: FX WEEK AHEAD FX Buzz analyst Jeremy Boulton analyses G7 currencies at 6:00 pm IST. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS • Thyssenkrupp, Tata Steel seal landmark joint venture deal Germany's Thyssenkrupp and India's Tata Steel signed a final agreement on Saturday to establish a long-expected steel joint venture, the European steel industry's biggest shake-up in more than a decade.
• India's insurance regulator allows LIC to buy up to 51 pct in IDBI Bank India's insurance regulator has allowed the country's largest state-run insurer Life Insurance Corporation (LIC) to buy a stake of up to 51 percent in state-owned lender IDBI Bank, according to media reports on Friday.
• India extends crop fumigation exemption until year-end India has extended by six months to the end of 2018 an exemption to its policy for crop cargoes to be fumigated with methyl bromide, a move that should facilitate continued imports of pulses and wheat.
• Amazon, H&M and other multinationals pressing to soften Indian state's plastic ban Multinational companies like Amazon Inc and H&M are lobbying to soften a ban against single-use plastic imposed by an Indian state last week, according to four sources familiar with the matter.
GLOBAL TOP NEWS • Exit polls show Mexico's Lopez Obrador winning election; rivals concede Leftist outsider Andres Manuel Lopez Obrador won Mexico's presidential election handily on Sunday, exit polls showed, setting the stage for a government that will inherit tense relations with Washington and the scrutiny of nervous investors.
• Japan manufacturers' morale slips for two straight quarters in blow to Abenomics Business confidence among Japan's big manufacturers worsened for a second straight quarter in the three months to June, a Bank of Japan survey showed as U.S. trade protectionism clouds the outlook while oil and other materials drive up input costs.
• Trump blasts OPEC, warns European companies against Iran ties President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on close U.S. allies in an interview that aired on Sunday with a threat to sanction European companies that do business with Iran.