13 June 2016



Today’s Issue Cluster: Automated Vehicles

Venezuela – GDP expected to shrink 13%; inflation heading for 700%
BCB – Brazil’s New Central Banker Sees Grim Outlook
eTaxi – US: NY drivers are breaking up with Uber to get back with yellow


MAJOR DATA POINTS

China – Jan-May: Fixed-asset investment weaker; +9.6% from +10.5% / WSJ / FT


MARKETS

Venezuela – Gives unexpected boost to bond investors FT *

Venezuela – Reserve liquidation in one chart ft *

Venezuela – GDP expected to shrink 13%; inflation heading for 700% / iif *


ECONOMICS

Brazil – GDP reveals depths of recession FT / WSJ *

Brazil – Exploding Debt-to-GDP Is Going to Become a Problem Soon B *

Brazil – Decline is taking its toll FT * *

Brazil – Moves to shrink the state FT *

Peru – Former World Bank economist wins knife-edge election FT / FT *

Bolivia – Firm economic fundamentals buck commodities downturn FT * *


POLITICS & FISCAL POLICY

Mexico – Political risk on the rise FT

El Salvador – Declares bloody war on gangs FT *


MONETARY POLICY

BCB – Brazil’s New Central Banker Sees Grim Outlook B *


FINANCE

LatAm – Spain’s big banks show their commitment FT*


REAL ESTATE



LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH

eTaxi – Uber cranks up battle with $3.5b Saudi investment FT / B * *

eTaxi – US: NY drivers are breaking up with Uber to get back with yellow Crains

eTaxi – US: Uber fighting reg that allows “feeding and stabling horses” but not them FT

eTaxi – US: Car Makers Are Hailing a Ride WSJ *

eTaxi – France: Court finds Uber guilty of starting ‘illegal’ car service FT / WSJ

eTaxi – Germany: Now roughly equal in value, Uber and Daimler trade gentle blows R

eTaxi – China: Uber faces uphill battle vs Didi FT *

eTaxi – China: Uber and Didi Drive Closer to Profitability WSJ / WSJ / R / WSJ

eTaxi – Asia: Grab grasps for advantage FT

eTaxi – Wal-Mart: to test grocery delivery with Uber, Lyft R / WSJ / FT

eTaxi – Auto and tech giants get on board N *


TRADE & TRANSPORTATION

AVs – Detroit Battles for the Soul of Self-Driving Machines WSJ *

AVs – Advocates call for federal laws to supplant local regulation WSJ / R

AVs – Baidu Plans to Mass Produce Autonomous Cars in Five Years WSJ

AVs – Otto Venture Targets Heavy Trucks WSJ / FT / NYT *


COMMODITIES



ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

Where to Live If You Want Lots of Trading Holidays B *


Comments are closed.