12 December 2014



Today’s Issue Cluster: Oil

Ship – Maritime guns for hire adapt to changes in sea piracy
Gold – Russia reserves drop by $4.3b in one week
Germany – Merkel coalition legislates to curb union power


MAJOR DATA POINTS

China – Nov: Industrial output disappoints; +7.2% from +7.7% / WSJ / R / B *

EZ – Oct: Industrial Output Grows a Less-Than-Forecast; +0.1%, +0.7% yr / B / WSJ / AFP *

US – Nov: Producer prices fall, signal weak inflation pressures; -0.2% from +0.2% / R / WSJ / B *

US – Dec: UMich consumer sentiment at eight-year high; 93.8 from 88.8 / R / B *


MARKETS

Stocks – Oil’s Drop Spills Into Other Assets WSJ

Stocks – Investors Sell as Oil Prices Keep Falling WSJ *


ECONOMICS

Africa – Fall in Oil Prices Threatens Economic Growth WSJ *

Africa – M&A activity hots up as investors bet on growth FT *

Africa – The continent’s armies are going on a spending spree E *

South Africa – IMF warns on economy FT * *

South Africa – Worsening electricity crisis adds to economic woes FT * * *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

China – PBOC Pumps $65b Into Banking System WSJ / R *

EZ – ECB injected €130b into banking system FT / WSJ / NYT / AP / AFP / FT * * * *


REAL ESTATE



SERVICES

Retail – Cheaper Gasoline Fuels Hopes WSJ / B *


MANUFACTURING



TECH

EU – US Tech Giants Battle Europe’s Sovereign States WSJ / FT / WSJ / WSJ

EU – How Juncker and Luxembourg landed Silicon Valley’s biggest catch FT *


TRADE & TRANSPORTATION

Ship – Fastest Asia-US Route? Canada’s Ports WSJ

Ship – Maritime guns for hire adapt to changes in sea piracy R *


COMMODITIES

Gold – Miners Find Little Solace in Cheaper Oil WSJ *

Gold – Russia reserves drop by $4.3b in one week bi

Gold – HK Sales Fall as China Tackles Corruption WSJ *


ENERGY & ENVIRONMENT

Oil – Drops Below $60 FT / NYT / R / B / WSJ / wsj *

Oil – Slides Further as IEA Sees Lower Demand WSJ / FT / NYT / B / AP / R *

Oil – Looking for a floor? Check the contango r *

Oil – Saudi Arabia’s Tank Battle With Shale WSJ *

Oil – Iran: Fall in prices is ‘treachery’ AP

Oil – For Saudi Arabia, plunging prices are a political weapon ft

Oil – Price plunge means survival of fittest FT *

Oil – Producer cash costs bi *

Oil – US a bigger No. 3 N *

Oil – Fall Puts a Chill on US Drilling WSJ *

Oil – Fall Pressures Energy Megaprojects WSJ *

Oil – BP caught between value over volume and falling prices FT *

Oil – Lawmakers give preview of coming oil export fight R / FT

Oil – Low Cost Means Cheaper Commodities Amid Surpluses B

Oil – Cheaper Petroleum Affects US Factories WSJ / wsj *

Oil – Price Winners and Losers Around the Globe wsj *

Oil – US consumption waning B *

Oil – Pump Prices Prime Economy for US Growth WSJ / wsj * *

Oil – Rout a Distant Dream for European Drivers B / r * *

Oil – Refining lightens price drop gloom for Europe’s companies R *


LABOR & EDUCATION

Germany – Merkel coalition legislates to curb union power FT

Germany – Corporate Governance Set for Gender Revolution WSJ

Germany – Dresden protest reveals rising anger over immigration FT


HEALTH



ENDNOTE

Highest-posted speed limits around the world W *


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