1 September 2015



Today’s Issue Cluster: UK Real Estate

Hotel – Industry Fights Back Against Expedia and Priceline
Rail – Short lines find boon in parking empty tankers
Coal – Philippines’ power capacity to increase by 25%


MAJOR DATA POINTS

SK – Aug: Exports plunge; -14.7% / FT / WSJ / b *

China – Aug: Official Manufacturing PMI Slips; 49.7 from 50.0 / WSJ / R / AP / B / X *

EZ – Aug: Markit factory PMI eases; 52.3 from 52.4 / R

EZ – Aug: Inflation stable; 0.2% from 0.2% / AP

EZ – Jul: Joblessness Lowest Since 2012; 10.9% from 11.1% / FT / B *

Canada – Q2: Enters recession; -0.5% from -0.8% / FT / R / AFP / G&M / FP / CBC

US – Aug: ISM Manufacturing Index Falls; 51.1 from 52.7 / WSJ / R

US – Aug: Markit factory PMI slowest since 2013; 53.0 from 53.8 / R

US – Jul: Construction spending rises to seven-year high; +0.7% from +0.7% / R


MARKETS

Currencies – Investors wake up to EM risk FT *

Currencies – Global trade damaged by EM weakness FT / FT *

Currencies – China’s Two-Yuan Dilemma WSJ *

Currencies – Either a return to peg or further devaluation FT *


ECONOMICS

Africa – Survey data point to robust growth FT * *

Africa – China turbulence casts shadow FT * *

Africa – Main road corridors and Ports / wb * *

Africa – Oil resources by corporate ownership / bm *

South Africa – Contraction of economy raises fears of recession FT * *

Nigeria – Central bank governor dismisses calls to devalue naira FT * *

Nigeria – Investors rattled by delays on economic plans FT * *

Ghana – World-beating currency seen as loser in long run b *

Kenya – Bad News Dims Star Power WSJ *

Zimbabwe – Change Comes, Replacing US Dollars WSJ *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE



REAL ESTATE

UK – Two-speed housing market returns FT

UK – Highflying Central London Comes Down to Earth WSJ / WSJ * *

UK – Foreign buyers undeterred by London sell-offs FT / FT * * *

UK – Foreign criminals push up London house prices FT

UK – Call for greater transparency in prime London property deals FT *


LABOR & EDUCATION



SERVICES

Hotel – Industry Fights Back Against Expedia and Priceline NYT

Hotel – Industry Assails Expedia-Orbitz Deal WSJ *

Hotel – Online Travel Sites Battle For Share: Spare Room Anyone? IBD

Hotel – Bedbugs: A Nightmare for the Industry A *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

Rail – Coal slump weighs on Union Pacific FT

Rail – Slump in oil shipments boosts car storage business AP

Rail – Abundant grain trains available for harvest AP

Rail – Short lines find boon in parking empty tankers R *


COMMODITIES



ENERGY & ENVIRONMENT

Coal – China, US seek ‘clean coal’ agreement as industry struggles AP

Coal – What Cheap Gas Did to Tens of Thousands of Jobs B * *

Coal – ‘The Trick That’s Going to Keep US Industry Alive’ B

Coal – Suppliers Feel Pain as Miners Struggle WSJ

Coal – Philippines’ power capacity to increase by 25% R *


HEALTH



ENDNOTE

London’s postcodes, as originally designed in 1856 motw *


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