14 May 2014



Today’s Issue Cluster: Shale

China – Nobody’s home in 10.2m apartments, survey finds
ECB – Readies package of rate cuts and targeted measures
China – Wheat-growing north produces individualists and its rice-growing south is clannish


MAJOR DATA POINTS

EZ – Mar: Industrial Output Falters; -0.3%, -0.1% yr / WSJ / m *

UK – Q1: UK unemployment drops to 5 year low; 6.8% from 7.2% / AP / R / r *

US – Apr: Producer prices post largest gain in 1-1/2 years; +0.6% from +0.5% / R / WSJ / AP / B / r *


MARKETS

Mortgages – Bulls trample on quality of CMBS deals FT *

Mortgages – Worry Wanes About CMBS Reckoning WSJ *

Mortgages – US Backs Off Tight Mortgage Rules WSJ *


ECONOMICS



POLITICS & FISCAL POLICY

Australia – Debates Whether It Has a Debt Crisis WSJ *

Australia – Unveils austerity budget to tackle deficit FT / B * *


MONETARY POLICY

ECB – Readies package of rate cuts and targeted measures R / NYT / r *

ECB – Bundesbank Willing to Back Stimulus WSJ *

ECB – Draghi performs another euro conjuring trick FT *


FINANCE

US – Prosecutors push for $3.5bn BNP fine for violating sanctions FT / B / WSJ *


REAL ESTATE

China – Property sector slowdown adds to fears FT / NYT / b *

China – Factories, electricity generators, cement kilns, all slowing / b *

China – Hangzhou offers window on to China’s property woes FT *

China – Central Bank Prods Lenders on Mortgages WSJ / B

China – Nobody’s home in 10.2m apartments, survey finds CD *


SERVICES



MANUFACTURING



TECH

Google – Privacy ruling threatens shake-up FT / WSJ / NYT / R / B *


TRADE & TRANSPORTATION

Rail – Where’s the Fertilizer? Some Farmers Grow Worried WSJ * *

Rail – Canadian Canola Farmers Feeling Crushed WSJ


COMMODITIES

Steel – US imports surge nearly 26 per cent in Q1 on shale boom FT / WSJ *

Steel – Are cheap imports killing American jobs? wapo * *


ENERGY & ENVIRONMENT

Shale – US reverses 40-year decline in crude oil output in just 5.5 years cd *

Shale – The Future of the U.S. Oil Boom Is Anyone’s Guess 538 *

Shale – Smaller Drillers With Tight Focus On Quality of Sites Appeal to Investors WSJ / WSJ *

Shale – EPA eyes new disclosure rules for fracking chemicals FT / WSJ *

Shale – Fracking Regulation bp *

Shale – Radioactive Waste Is New ND Problem WSJ

Shale – Deadly side effect to fracking boom AP

Shale – Ohio Geologists Link Fracking With Earthquakes WSJ *

Shale – Labor Shortage ‘Imperils Boom’ B

Shale – Mexico’s prospective boom will be a long time coming E *

Shale – North America leads in production, China in reserves N *

Shale – China Boom Seen by Honghua as Pollution Cuts Coal Use B

Shale – China Takes on Big Risks in Push NYT

Shale – Freedom to frack plan set to spark UK backlash FT / FT

Shale – Britain Confronts Gas Mother Lode With Fracking by Lord Browne B *


LABOR & EDUCATION



HEALTH

Alcohol – Kills one person every 10 seconds worldwide: WHO AFP / bi / e / afp * * *

Alcohol – Most dangerous drug cd * *


ENDNOTES

China’s wheat-growing north produces individualists and its rice-growing south is clannish SCMP *


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