10 July 2015



Today’s Issue Cluster: Shale

Puerto Rico – Shippers push back in battle over import costs
Japan – Chinese Descend on Property Market, Pushing Prices Up
Cigs – Smoking rates still rising in many countries, even some in the rich world


MAJOR DATA POINTS

Canada – Jun: Sheds jobs; -6,400 from +58,900 / CBC / FP / G&M *

US – May: Wholesale inventories rise; +0.8% / R


MARKETS

Yen – Rally fuelled by fears of China turmoil spilling over FT * * *


ECONOMICS

Japan – Abe counting on growing way out of fiscal mess N * *

Japan – Tankan shows effects of Chinese buying spree N *

Japan – Travel balance turns positive 1st time in 55 years N *


POLITICS & FISCAL POLICY

Puerto Rico – Pain Is Tied to Minimum Wage WSJ *

Puerto Rico – Shippers push back in battle over import costs R *


MONETARY POLICY

BOJ – Is quantitative easing putting solvency at risk? N *


FINANCE



REAL ESTATE

Japan – Chinese Descend on Property Market, Pushing Prices Up B

Japan – Tokyo is Asia’s hottest investment destination N *


LABOR & EDUCATION

Japan – Population slide set to accelerate FT

Japan – Women in the workforce FT * * * *


SERVICES

Cigs – Smoking rates still rising in many countries, even some in the rich world E *

Cigs – Hawaii Raises Smoking Age To 21 / dv *


MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES

Crops – Cereals: El Niño hits Asian and African production FT

Crops – Wheat: Concerns over US winter harvest may boost low prices AP

Crops – Corn: Ukraine set to become top exporter to China FT *

Crops – Rice: Asia prices poised to climb as drought deepens N *

Crops – Rice: Myanmar hungry to become top exporter again N *


ENERGY & ENVIRONMENT

Shale – Has been stymied by Saudi Arabia, says Shell CEO FT *

Shale – Drillers’ Safety Net Is Vanishing B *

Shale – Refracking Is the New Fracking B * *

Shale – US industry has a future; many firms do not E * * *

Shale – US equity sales slow FT * *

Shale – PA Governor and Fracking Sector Face Off WSJ *

Shale – NY farmer group proposes fracking using propane AP

Shale – UK fracking boom hits northern setback FT / WSJ / NYT / FT


HEALTH



ENDNOTE

The Tour De France Used To Be Way Longer dv *


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