15 October 2015



Today’s Issue Cluster: TPP Update

World – Higher Interest Rates Would Throw Bank Profits a Lifeline
Planes – Boeing Plunges as Delta Sees `Bubble’ of Used Wide-Body Jets
Pharma – How US pays three times more for drugs


MAJOR DATA POINTS

US – Sep: CPI Falls, Clouding Fed Rate Outlook; -0.2% from -0.1% / R / WSJ / B

US – Week: Applications for unemployment aid drop to 42-year low; -7k to 255k / AP / WSJ / R


MARKETS

US – $1.17t at 0% WSJ * *

US – Bond sell-off puts squeeze on swaps trade FT *


ECONOMICS

EMs – Rich Nations Lose Emerging-Markets Motor WSJ *

EMs – Germany negotiates trade decline FT * *


POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – Economy Continues ‘Modest Expansion’ WSJ / AP / B

Fed – Tarullo adds to dissent on 2015 rate rise WSJ / FT / NYT / B / bi *

Fed – Most Regional Boards Favored Rate Rise in September B

Fed – Doubts Grow on 2015 Rate Hike WSJ / B *

Fed – Rates and Recession Risk: Catch-22 wsj *


FINANCE

World – Higher Interest Rates Would Throw Bank Profits a Lifeline B *


REAL ESTATE



LABOR & EDUCATION



SERVICES

Retail – Wal-Mart shares dive 10% on profit warning FT / WSJ * * *

Retail – Supermarkets wage war on two fronts FT

Retail – Haggen Struggles After Trying to Digest Albertsons WSJ *


MANUFACTURING

Planes – Boeing Plunges as Delta Sees `Bubble’ of Used Wide-Body Jets B

Planes – Lucrative aircraft maintenance market scrutinised FT * *


TECH



TRADE & TRANSPORTATION

TPP – Clinton says deal falls short on currency manipulation R

TPP – Business Groups Withholding Support on Lack of Details WSJ

TPP – Instead of building coalitions, the president is losing votes ft

TPP – Could spell the end of filesharing sites eg

TPP – Pact boosts Japan stocks in select sectors N *

TPP – Likely to Further Consolidate Japanese Farms WSJ *

TPP – China’s Heft Gives It Ammunition Against Deal WSJ *


COMMODITIES



ENERGY & ENVIRONMENT



HEALTH

Pharma – Big pieces of M&A jigsaw have yet to be placed FT *

Pharma – How US pays three times more for drugs R *

Pharma – Thinks twice about jacking up drug prices FT * *

Pharma – India battles over cough syrup abuse, reducing supplies R *


ENDNOTE

Airbus files patent for ‘flying bunk beds’ R *


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