13 April 2016



Today’s Issue Cluster: Shipping

Nigeria – Promise turns to peril as investors head for the exits
Crops – GM Acreage Declined in 2015
Oil – Price optimism grows as Brent climbs to 2016 high


MAJOR DATA POINTS

China – Mar: Exports Rise, But Caution Prevails; +11.5% from -25.4% / WSJ / FT / WSJ *

EZ – Feb: Industrial output dips; -0.8% from +1.9% / AP

US – Mar: Retail sales fall on weak auto purchases; -0.3% from flat / WSJ / R

US – Mar: Producer Prices Fell; -0.1% from -0.2% / WSJ / R


MARKETS

World – Lessons from recent market turbulence ft *

World – Why do investors buy negative yield bonds? FT *


ECONOMICS

World – IMF lowers GDP growth forecast to 3.2% WSJ *

World – IMF warns global economy growing too slowly FT * *


POLITICS & FISCAL POLICY

Nigeria – Seeks ‘cheapest possible money’ to finance infrastructure FT *

Nigeria – Grapples With Abrupt End to Rapid Growth WSJ *

Nigeria – Dollar crunch adds to fuel crisis FT *

Nigeria – Promise turns to peril as investors head for the exits B *


MONETARY POLICY



FINANCE



REAL ESTATE



LABOR & EDUCATION



SERVICES

Music – Sales growing at fastest rate since 1998 FT *

Music – YouTube terms put labels in a spin FT / WSJ *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

Ship – Mergers to Remake Global Alliances WSJ *

Ship – New York’s Port Shoots for No. 1 Spot WSJ *

Ship – Panama Canal expansion faces a new problem: Not enough water G&M *

Ship – Oil glut leaves supertankers in a huge jam R

Ship – Floating storage draws interest B *


COMMODITIES

Crops – China corn exports loom as reserves bulge FT

Crops – US Corn Imports Surge, Despite Record Harvests at Home WSJ *

Crops – GM Acreage Declined in 2015 NYT / FT

Crops – Farmers Get Biggest US Subsidy Check in Decade as Prices Drop B *


ENERGY & ENVIRONMENT

Oil – Price optimism grows as Brent climbs to 2016 high FT / WSJ *

Oil – OPEC Warns of Deeper Cuts to Demand Forecast on Slowdown B *

Oil – Banks Face New Headache on Loans WSJ *

Oil – Winners and losers amid the oil price crash FT * * *

Oil – Opec should cheer India’s thirst for crude FT *


HEALTH



ENDNOTE

World GDP Per Capita fool *


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