15 September 2015



Today’s Issue Cluster: Uber

EMs – Currencies: Things Look to Get Worse
Brazil – Downgrade Leaves Firms With $270b Debt Hangover
Auto Parts – Retailers Enjoy Smooth Ride In Wild Market


MAJOR DATA POINTS

Germany – Sep: ZEW investor sentiment slumped; 12.1 from 25.0 / AFP / B *

US – Aug: Industrial Production Fell; -0.4% from +0.9% / WSJ / R

US – Aug: Retail Sales Rise; +0.2% from +0.7% / WSJ / R / B / cr *


MARKETS

EMs – Stocks: Bargains Can Be Risky WSJ

EMs – Currencies: Turkish Lira Falls to Record Low WSJ *

EMs – Currencies: Tumble back to 2002 levels FT * *

EMs – Currencies: A tale of two emerging markets FT *

EMs – Currencies: Things Look to Get Worse WSJ * *


ECONOMICS

EMs – Slump raises fears of capital controls FT *


POLITICS & FISCAL POLICY

Brazil – Pitches Budget Cuts and Tax Hikes FT / B / WSJ / FT / FT / NYT * * *

Brazil – Recession, high rates doomed rating B * *

Brazil – Rejection, charted ft *

Brazil – Downgrade Leaves Firms With $270b Debt Hangover B *

Brazil – Moves to soothe downgrade jitters FT *

Brazil – Value investors call bottom to plunge FT *


MONETARY POLICY

EMs – Central bankers: ready for end of low-rate party? FT


FINANCE

Brazil – Some lenders could prosper though the economy struggles FT *


REAL ESTATE



LABOR & EDUCATION



SERVICES

Luxury – Chinese Open Wallets in Europe WSJ *

Luxury – Talent flow reverses FT * *

Luxury – India Embraces as China Turns Cool WSJ *


MANUFACTURING

Auto Parts – German Makers See Bigger Role in Technology WSJ

Auto Parts – Retailers Enjoy Smooth Ride In Wild Market IBD


TECH

Uber – Why It Can’t Conquer The Planet (Yet) Forbes * *

Uber – India: Resumes ride-hailing fight with vehicle leasing with Ola FT

Uber – China: Rethinks its playbook FT / WSJ / R / WSJ

Uber – Chinese Rival Quietly Backs Lyft WSJ / FT

Uber – US: ‘The great taxicab collapse’ cd * *

Uber – Asean: GrabTaxi holds ground in Southeast Asia N *


TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

Democrats prefer Lennon; Republicans and Independents McCartney e *


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