16 July 2015



Today’s Issue Cluster: Saudi Arabia

Greece – Might Be Better Off Outside Eurozone, Germany Says
Rubber – China factors send market seesawing
Pharmacies – Specialty Stores Proliferate, Along With Questions


MAJOR DATA POINTS

US – Jul: NAHB Home-Builder Confidence At Highest Level in Nearly a Decade; 60 from 60 / WSJ / cr *

US – Week: Applications for jobless aid fall; -15k to 281k / AP / B / WSJ / R


MARKETS

Bonds – ECB’s buying challenges covered bonds FT * *

Bonds – Treasury trading swept up in rapid change FT *


ECONOMICS

Saudi Arabia – The Cold War With Iran Heats Up fp / DT

Saudi Arabia – The Saudi succession: A palace coup e *

Saudi Arabia – Restructures oil sector FT

Saudi Arabia – Thirst for Domestic Oil Swells WSJ

Saudi Arabia – Burns through foreign reserves FT *

Saudi Arabia – Puts Squeeze on Foreign Workers WSJ *

Saudi Arabia – The challenged kingdom E * * * *

Saudi Arabia – Business Opening Drives Social Changes WSJ *


POLITICS & FISCAL POLICY

Greece – ECB Weighs Emergency Funding After Tsipras Wins Vote FT / WSJ / B / NYT / R

Greece – EU agrees on €7b bridge loan FT / WSJ / NYT

Greece – Might Be Better Off Outside Eurozone, Germany Says NYT / FT / AP / bruegel *

Greece – Third rescue met with widespread scepticism FT * *

Greece – IMF signals it could walk away from bailout deal FT / WSJ / NYT / B

Greece – Sinking feeling for bondholders FT *

Greece – Reforms Would Face Political Legal Backlash in Germany WSJ / B *

Greece – Crisis Dulls Appetite for Euro in Countries Waiting to Adopt It NYT


MONETARY POLICY



FINANCE



REAL ESTATE



LABOR & EDUCATION

US – Fed’s Beige Book Offers Hints of Rising Wages WSJ

US – LA Garment Industry Frets Over Pay Hike WSJ *

US – Union Talks With Auto Makers to Focus on Tiered Pay WSJ * *


SERVICES

Online – How 20 Years of Amazon Changed Retail WSJ *


MANUFACTURING



TECH

Streaming – Netflix dashes past 65m subscriptions FT / WSJ *

Streaming – Google Takes On Pandora WSJ


TRADE & TRANSPORTATION



COMMODITIES

Palm Oil – Malaysian heavyweights look overseas for growth N *

Rubber – China factors send market seesawing N *


ENERGY & ENVIRONMENT

Alt – Clean global economic growth now ‘within reach’ FT *

Alt – Electric cars on the East Coast pollute more than gas cars bi *

Alt – Cheap oil endangers poorer nations’ switch to renewable energy FT * * *


HEALTH

Pharmacies – Specialty Stores Proliferate, Along With Questions NYT

Pharmacies – How CVS Quit Smoking and Grew Into a Health Care Giant NYT


ENDNOTE

Pluto and Charon Compared to Earth motw *


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