19 May 2016



Today’s Issue Cluster: Mining

Saudi – Considers Paying Contractors With IOUs
TPP – Trade deal becomes White House battleground
Oil – Saudi Stockpiles Hit 18-Month Low in March


MAJOR DATA POINTS

US – Week: Unemployment Claims Fell Sharply; -16k to 278k / WSJ / R


MARKETS



ECONOMICS

MENA – Black gold, white gold E * *

North Africa – Has failed to regain its share of continent’s FDI FT *

Algeria – Unease grows as ailing president remains elusive FT * *

Tunisia – After the revolution FT *

Gulf – Governments set debt record as oil slumps FT *

Iran – A Battle for Control of Economy WSJ *

Iran – The over-promised land E *

Saudi – Considers Paying Contractors With IOUs B *

Saudi – What’s In Blueprint for Life After Oil? B *


POLITICS & FISCAL POLICY

Saudi – Sweeping plan threatens to shift foundations of kingdom FT / WSJ *


MONETARY POLICY

Fed – June Rate Increase Is on the Table WSJ / FT / NYT / R / B * * *

Fed – Investors Heeding Message WSJ * *


FINANCE



REAL ESTATE



LABOR & EDUCATION



SERVICES



MANUFACTURING

F&B – Soda Industry Fails to Stop San Francisco Law Targeting Sugar WSJ

F&B – Soda Sales in Mexico Rise Despite Tax WSJ *


TECH



TRADE & TRANSPORTATION

TPP – Trade deal becomes White House battleground FT

TPP – Would barely nudge US growth, says report FT

TPP – Study Projects Will Modest Gains for US WSJ

TPP – Biggest Winner May Be Vietnam B *


COMMODITIES

Steel – US paves way to raise duties on China FT / R / B *

Steel – Ferrous bulls’ day off: iron ore slump continues FT / WSJ *

Steel – Sinks as Another Wave of Cheap Imports Predicted B *

Steel – China mills fire up as prices flare FT * *

Gold – Soros Investing in Mining FT / B / B * *

Palladium and platinum to fall short of highs this year FT

Niobium – No One Knows But Everybody Wants to Buy B *

Diamonds – The going gets rough FT *

Diamonds – De Beers says market faces ‘fragile recovery’ FT / R * *

Commods – Indebted to the past FT *


ENERGY & ENVIRONMENT

Oil – Booming petrol demand from US to India buoys price FT

Oil – Rally Seen Having More to Go as Millions of Barrels Are Lost B

Oil – Saudi Stockpiles Hit 18-Month Low in March B

Oil – Nears $50 a barrel FT *

Oil – Goldman chart on disruptions bi *

Oil – Venezuela Offers Discount in Battle for US Refineries B *

Oil – Demand for storage soars amid supply glut FT * *

Oil – Saudi Aramco: Fix for a one-trick economy? FT * *


HEALTH



ENDNOTE

Forms of Government reddit *


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