18 November 2014



Today’s Issue Cluster: Oil

World – Poor increasingly do not need banks
Cigs – Tobacco companies feel the heat as emerging markets burn out
Data Centers – Amazon Moves to Extend Cloud-Computing Dominance


MAJOR DATA POINTS

Thailand – Q3: Economy Posts Skimpy Growth; +0.6% from +0.4% / WSJ *

Germany – Nov: ZEW Investor Confidence Rebounds; +11.5 from -3.6 / B / AP / AFP *

US – Oct: Producer Prices Rise; +0.2% from -0.1% / WSJ / B / AP *

US – Nov: NAHB Home-Builder Confidence Rose; 58 from 54 / WSJ / B *


MARKETS

Bonds – Anatomy of a market meltdown FT * *

Bonds – Muni revival built on shaky foundations FT * *

Bonds – Touch of fear fails to damp appeal of Nordics FT * *


ECONOMICS



POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

World – Banks count the risks and rewards FT * * *

World – Poor increasingly do not need banks E * *


REAL ESTATE



SERVICES

Cigs – Tobacco companies feel the heat as emerging markets burn out FT *

Cigs – Reynolds launching heat-not-burn cigarette AP / WSJ *

E-Cigs – Use by Teens Rising WSJ / AP *

Pot – US legalization not in line with international law: UN R

Pot – Seen Changing Brain Behavior in Young Users B


MANUFACTURING



TECH

Data Centers – Amazon Moves to Extend Cloud-Computing Dominance NYT / B

Data Centers – Collect Big Tax Breaks WSJ *


TRADE & TRANSPORTATION



COMMODITIES

Land – Older Owners Get Incentives to Farm Out Parcels WSJ *

Land – Farm Prices Drop in Parts of Midwest WSJ / WSJ / R *


ENERGY & ENVIRONMENT

Oil – Deals Return After Price Plunges, as Halliburton Moves First B / FT / WSJ / AP / NYT / WSJ * * *

Oil – Low price makes deals appealing, but not all can afford it R *

Oil – Price Rout Seen Deepening by IEA B / R / WSJ / FT

Oil – Falling Prices Test OPEC Unity WSJ / B *

Oil – No easy options for OPEC WSJ / FT

Oil – Africa industry refocuses priorities FT

Oil – Dive set to transform LNG market FT * * *

Oil – Lower Prices Give a Lift to the American Economy NYT

Oil – US set to export more condensate FT

Oil – Republicans plan energy policy revolution FT

Oil – Will the Saudis drive US shale out of business? r *

Oil – Shale Drillers Keep Output High Despite Price Decline B

Oil – Letter from ND: The Party Rocks On R *

Oil – ND to Require Producers to Treat Crude Before Shipping WSJ / AP

Oil – Fracking Boom Spurs Demand for Sand and Clouds of Dust B

Oil – Keystone Left Behind as Canadian Oil Pours Into US B

Oil – Alberta’s boom had strong impact on Canada’s wealth CBC *

Oil – A new Mexican revolution E / FT *

Oil – Petrobras Scandal Widens WSJ *


LABOR & EDUCATION



HEALTH

Pharma – Allergan-Actavis deal follows battle for soul of industry FT / WSJ / NYT / FT * * *


ENDNOTE

DC Property Values in 1880: Prime Spot was Midpoint on Pennsylvania Ave motw *


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