15 July 2014



Today’s Issue Cluster: Aviation

China – Bank loans beat expectations as Beijing steps on the gas
Retail – Higher Prices on Staples Could Crimp Back-to-School Shopping
Water – A California Oil Field Yields Another Prized Commodity


MAJOR DATA POINTS

Germany – Jun: ZEW Investor Confidence Drops for Seventh Month; 27.1 from 29.8 / B / AP / b *

US – Jun: Retail Sales Rise Modestly; +0.2% from +0.5% / WSJ / R / AP / cr *


MARKETS

M&A – Race to Cut Taxes Fuels Urge to Merge WSJ / FT / NYT * *


ECONOMICS

China – Bank loans beat expectations as Beijing steps on the gas R / WSJ / b *

China – Exports May Have (Gently) Turned a Corner wsj * *

China – 2013 exaggeration export trend tough to read; N. Asia sales weak b *

China – Promising signals of economic health FT *

China – Local Governments Pile On Stimulus B

China – ‘Downward pressure burdens economy’ X

China – ‘Impact beyond commodities’ CD *

China – Xi’s anti-graft drive threatens to stifle growth N *

China – Corruption conundrum – high corruption co-exists with high growth / b *


POLITICS & FISCAL POLICY

China – Asian Nations’ Fears of War Elevated as Beijing Flexes Muscle WSJ *

China – Hoping to project power, Beijing finds itself alone AP *


MONETARY POLICY

ECB – Debt Purchases Within Mandate, Draghi Says WSJ / ft / B / NYT / R / AP


FINANCE



REAL ESTATE

EU – Property IPOs reach 8-year high FT / FT * * * *


SERVICES

Retail – Higher Prices on Staples Could Crimp Back-to-School Shopping wsj *

Retail – Slowing Customer Traffic Worries US Stores WSJ *

Retail – Investors have fled, creating an opportunity Bn * *


MANUFACTURING

Planes – Market: No End to Jetliner Boom, Says Boeing WSJ / NYT / R / R *

Planes – Market: Boeing and Airbus Dominate Skies as Air Show Looms WSJ / R / WSJ

Planes – Wide: Plane Makers’ Sweet Spot: Bigger, but Not Too Big WSJ

Planes – A320: Airbus to Deliver Neo Jets With Improved Engines WSJ

Planes – A330: Airbus undercuts Boeing with price FT / WSJ / FT / AP / R / NYT

Planes – 737: Adds Seats to Boost Low-Cost Carrier Appeal WSJ / B

Planes – 787: Boeing Says Reliability of Dreamliner Is Still Falling Short WSJ

Planes – Boeing: Reshapes military strategy in the face of US defense cuts FT

Planes – Embraer: In Talks to Sell 60 Planes to Chinese Airlines WSJ / R / WSJ

Planes – Bombardier: Says firmer economy to boost deliveries R / R

Planes – Drones: Washington May Ease Export Controls on Military Models WSJ

Planes – Zeppelins: Giants of the Skies Return WSJ *


TECH



TRADE & TRANSPORTATION

Air – Asian Budget Lines Add Long-Distance Service WSJ *

Air – Weaker Yuan Creates Rough Weather for China’s Lines WSJ *

Air – Middle East, Asia airports jockeying for status of global hub N *

Air – Heathrow boss expansive on hub’s third runway FT *

Air – UK airport review: are hubs the future or not? E *

Air – Berlin’s Ill-Fated Airport Faces Insolvency S *


COMMODITIES

Water – California Expected to Set Mandatory Curbs WSJ *

Water – A California Oil Field Yields Another Prized Commodity NYT *

Water – More people, antiquated irrigation mean rising food imports for Egypt R / r *

Water – Scarcity’s cost to companies FT * * *


ENERGY & ENVIRONMENT

Coal – Miners Struggle as China’s Appetite Eases WSJ *

Coal – Japan at cutting edge of turning energy more green N * * *


LABOR & EDUCATION



HEALTH



ENDNOTE

Airbus wants to patent a way to guarantee you even less legroom q *


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