10 June 2014



Today’s Issue Cluster: Cyber Security

TPP – US dairy farmers threaten to oppose Pacific trade deal
Metals – China port probe into financing rattles banks, trade houses
Coal – China’s Clean-Fuel Focus Tests US Export Lifeline


MAJOR DATA POINTS

China – May: Inflation Quickens to Fastest Pace in 4 Months on Food; +2.5% from +1.8% / B / WSJ / FT / b *

US – Apr: Job Openings Climb to Highest Level in Seven Years; 4.5m / wsj *

US – Apr: Wholesale inventories post solid rise; +1.1% from +1.1% / R r *


MARKETS

Stocks – Market volatility plummets to multiyear lows FT *

Stocks – Sound of silence sweeps across asset classes FT *

Stocks – Bulls See More Reason for Optimism WSJ *

Stocks – This has been a trophy year for the Greek market FT *


ECONOMICS

Australia – Finds fresh favour with Mrs Watanabe FT

Australia – Feels Chill of Commodity Price Decline WSJ * *


POLITICS & FISCAL POLICY

Ukraine – Kiev sees ‘understanding’ with Russia on peace moves R / WSJ / FT

Ukraine – Kiev, Moscow Near Gas-Price Truce WSJ / NYT / WSJ *

Ukraine – Russia stocks rebound from Ukraine crisis lows FT *

Ukraine – Eurasian Economic Union raises concerns about growing isolation from the west FT * *

Ukraine – Bulgaria deals Russia setback over gas pipeline FT / AP / WSJ / MT


MONETARY POLICY

PBOC – Price rises present dilemma for China easing strategy FT

PBOC – Unveils Reserve-Ratio Cuts for Some Banks WSJ / FT / B / WSJ / b *

PBOC – Guides Yuan to Stronger Level WSJ / FT / B

PBOC – Prevails in Policy Battles Over Economic Future WSJ *

PBOC – Corporate bond yield spread falls to 3 year low on quiet easing / b *


FINANCE



REAL ESTATE

US – Lost Generation Casts Shadow Over Housing Market WSJ *

US – Banks Move Away From Home WSJ *


SERVICES

Pot – Uncertainty dominates new hemp market AP

Pot – Colorado law sets up marijuana banks AP

Pot – Hershey’s Is Suing A Maker Of Edible Marijuana bi *


MANUFACTURING

Robots – Makers turn to technology industry as next world to conquer FT / FT / FT *


TECH

Security – Upsurge in hacking makes customer data a corporate time bomb R

Security – Cyber crime costs global economy $445b a year R / wsj

Security – New bugs found in software that caused ‘Heartbleed’ threat R

Security – Second Chinese Army Unit Implicated in Cyberattacks NYT / FT / B / wsj

Security – American Businesses in China Feel Heat of a Cyberdispute NYT

Security – Windows 8 Faces New Criticism in China WSJ

Security – China state media calls for ‘severe punishment’ for US tech firms R / FT

Security – Internet Giants Erect Barriers to Spy Agencies NYT / R


TRADE & TRANSPORTATION

TTIP – Transatlantic trade: Hard sell FT *

TPP – US dairy farmers threaten to oppose Pacific trade deal R *


COMMODITIES

Metals – Banks Cut Credit to Chinese Traders WSJ *

Metals – China port probe into financing rattles banks, trade houses R *

Metals – Traders scramble to secure stocks amid China port probe FT


ENERGY & ENVIRONMENT

Coal – China’s Clean-Fuel Focus Tests US Export Lifeline B

Coal – China City Crash-Lands to Zero Growth on Bust B

Coal – Under fire, Australian miners look to repair their image FT *


LABOR & EDUCATION



HEALTH



ENDNOTE

Which Countries Call It ‘Football’ vs ‘Soccer’ (Philippines is Both) bi *


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