12 February 2014



Today’s Issue Cluster: Coal



DATA POINTS

China – Jan: Exports Power Higher; +10.6% from +4.3% / WSJ / AP / FT / R / B / X * *

Japan – Jan: Core machinery orders down; -15.7% from +9.3% / K / R

Malaysia – Q4: Economic Growth Accelerates on Recovery in Exports; +5.1% from +5.0% / B

India – Jan: Retail inflation slows to 24-month low; 8.79% from 9.87% / ET

EZ – Dec: Industrial Output Falls; +0.7%, +0.5% yr / WSJ

Germany – 2014: Raises Growth Forecast; +1.8% was +1.7% / WSJ

Venezuela – Jan: Inflation Rebounds as Price Cuts Empty Shops; 3.3%, 56.3% yr / B

Canada – Jan: Teranet-National Bank house index rose more than expected; +0.4% / G&M

US – Week: MBA Mortgage Applications decrease; -5% / cr / r *


MARKETS

EMs – Kazakhstan devalues tenge by almost 20% FT / WSJ / B *

EMs – Puerto Rico to Test Interest in Its Bonds WSJ * * *


ECONOMICS

Japan – Waning deflation brings firms out of hibernation N

Japan – Puts its faith in service sector spending FT *


POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – Yellen pledges continuity FT / WSJ / NYT / R / B / AP / WSJ / b / b * * * *

Fed – Company grades Yellen, chiefs communication skills wsj *

Fed – Dove-hawk scale / *


FINANCE

China – Central Bank Leads Effort to Regulate Internet Finance WSJ *


REAL ESTATE

Spain – Property Deals Grab Investor Interest WSJ*


SERVICES

Cosmetics – Nestlé sells back €6b L’Oréal stake FT / WSJ / FT / FT * * *


MANUFACTURING



TECH

Internet – EU Pushes to Globalize Governance WSJ


TRADE & TRANSPORTATION

Air – What Can New Pilots Make? Near Minimum Wage WSJ *


COMMODITIES

Crops – Modified Corn a Step Closer to Approval in Europe NYT / WSJ

Gold – China Buys, Produces Record Amounts WSJ / FT / X *


ENERGY & ENVIRONMENT

Coal – Becomes commods’ first victim of emerging-market woes R / FT / AP *

Coal – European prices fall as mild weather saps demand FT *

Coal – Rising Use Clouds Europe’s Future WSJ *

Coal – Capturing Carbon May Add 80% to US Electric Costs: Official B

Coal – Scrubbing Technology Revives Midwest Mines WSJ *

Coal – Barge Firm Scans the Monongahela for New Cargo WSJ

Coal – Gulf Coast Hums as Exports Rise WSJ *

Coal – Union Boss Keeps Up the Fight WSJ *

Coal – After years of decline, US carbon emissions rose 2% in 2013 wsj / wapo * *

Coal – BC export plan faces resistance G&M

Coal – Drummond and Colombia Both Suffer in Clash WSJ / FT *

Coal – Shaanxi’s halving of IPO is symptomatic of poor outlook for miners FT / B *

Coal – Restructuring fuels rise in stockpiles, cuts prices CD *

Coal – China to boost production six-fold R / q / r *

Coal – BHP cuts Australia mine jobs as cost pressures mount R

Coal – Australia exports to China defy doomsayers Aus

Coal – Australia approves plan to dump dredge spoil in Barrier Reef WSJ / AFP / R * *


LABOR & EDUCATION

World – Is your job safe in the second machine age? ft * *


HEALTH



ENDNOTES

Viral Chart Predicting Another 1929 Stock Market Crash a / mw * *


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