Bz Nwz




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Today’s Issue Cluster: China Economy

Autos – China growth slows sharply in January
Mobiles – China smartphone shipments shrink after two years of growth
Canada – Clamps Down on Rich Chinese Migrants



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DATA POINTS

Australia – Jan: Unemployment Jumps to 10-Year High; 6.0% from 5.8% / B / FT / WSJ / ABC / Aus / SMH

Japan – Jan: Wholesale prices up; +2.4% / K

UK – Jan: RICS House Prices Continue to Rise; +53 from +56 / WSJ

Greece – Nov: Jobless Rate Hits Record High; 28.0% from 27.7% / WSJ / q *

US – Jan: Retail Sales Unexpectedly Fell; -0.4% from -0.1% / R / AP / WSJB *

US – Dec: Business inventories rose; +0.5% from +0.4% / R / AP *

US – Week: Jobless Claims Increased; +8k to 339k / AP / B *



---

MARKETS

Bitcoin – Hackers force withdrawals freeze FT *



---

ECONOMICS

China – Strong trade data sparks doubts WSJ / FT / R / WSJ / N / WSJ / wsj / q / b * * * *

China – Said to Target 7.5% Export Growth in 2014 B

China – Developing & Advanced Economies’ Dependency for Exports / b *

China – Industrial profit growth eases CD *

China – External imbalances are as nothing compared with its internal ones E *

China – Notches up record imports of key commodities FT / wsj / B

China – Demand Still Buoys Global Producers WSJ

China – Trust Assets Surge to $1.8t Amid Default Risks B / WSJ

China – Central Bank Moves to Limit Risk in Interbank Market WSJ / R

China – Rising Borrowing Costs Pose Risks WSJ / CD *

China – Faces obstacles on road to consumer society AP

China – Squeeze is hampering Asian growth FT / AP

China – Credit crackdown felt overseas FT

China – Loan sharks circle in murky shadow bank waters R

China – Coal miner’s $50m loan default fuels shadow banking fears FT

China – Where is hidden art money? TAN *

China – Navy makes more waves in the Pacific FT / BBC * *



---

POLITICS & FISCAL POLICY

Italy – Awaits ‘demolition man’ Renzi FT / FT / R / FT *



---

MONETARY POLICY

BOE – Drops jobs link with interest rates FT / WSJ / NYT / AP / R / B / FT / WSJ / wsj * * *



---

FINANCE

Accountancy – PwC, Deloitte, KPMG and EY face taming moves FT / WSJ *



---

REAL ESTATE

China – Land sales pull in record $672b FT / CD



---

SERVICES

Media – Nielsen Feels Digital Heat From Rivals WSJ *



---

MANUFACTURING

Autos – China growth slows sharply in January R / AP / WSJ

Autos – Year of Horsepower: China car industry shifts gears CD *

Autos – China vehicle sales accelerate to record CD * *



---

TECH

Mobiles – China smartphone shipments shrink after two years of growth R / WSJ

Mobiles – Apple Says Suppliers Forgo a Disputed Metal WSJ / FT / NYT

Mobiles – Samsung Push Into US Government Sector Threatens BlackBerry WSJ

Mobiles – Samsung’s future on the line N * * *



---

TRADE & TRANSPORTATION




---

COMMODITIES

Crops – Rival Industries Sweet-Talk the Public NYT

Crops – USDA Projects US Net Farm Income to Decline 27% in 2014 WSJ *

Crops – Falling US Property Values Hint at Trouble on the Farm WSJ *

Crops – Peso plunge forces Argentine soya hoarding FT *

Crops – Wheat Crop Seen Third-Biggest by Australia on Western Supply B / r * *

Crops – Thailand to end rice subsidy scheme FT / B / N / WSJ *

Crops – China scythes grain self-sufficiency policy FT *

Crops – China’s Demand For New Zealand Dairy Soaring wsj

Crops – Not enough local feed for China dairies CD *



---

ENERGY & ENVIRONMENT

Fusion – US Scores Breakthrough WSJ / NYT / AP *



---

LABOR & EDUCATION

Canada – Clamps Down on Rich Chinese Migrants WSJ / G&M / CBC / q *



---

HEALTH

Tech – Study disputes value of routine mammograms NYT / AP / R *



---

ENDNOTES

The Geography of European Surnames geo / ilc *



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---

Today’s Issue Cluster: Coal




---

DATA POINTS

China – Jan: Exports Power Higher; +10.6% from +4.3% / WSJ / AP / FT / R / B / X * *

Japan – Jan: Core machinery orders down; -15.7% from +9.3% / K / R

Malaysia – Q4: Economic Growth Accelerates on Recovery in Exports; +5.1% from +5.0% / B

India – Jan: Retail inflation slows to 24-month low; 8.79% from 9.87% / ET

EZ – Dec: Industrial Output Falls; +0.7%, +0.5% yr / WSJ

Germany – 2014: Raises Growth Forecast; +1.8% was +1.7% / WSJ

Venezuela – Jan: Inflation Rebounds as Price Cuts Empty Shops; 3.3%, 56.3% yr / B

Canada – Jan: Teranet-National Bank house index rose more than expected; +0.4% / G&M

US – Week: MBA Mortgage Applications decrease; -5% / cr / r *



---

MARKETS

EMs – Kazakhstan devalues tenge by almost 20% FT / WSJ / B *

EMs – Puerto Rico to Test Interest in Its Bonds WSJ * * *



---

ECONOMICS

Japan – Waning deflation brings firms out of hibernation N

Japan – Puts its faith in service sector spending FT *



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY

Fed – Yellen pledges continuity FT / WSJ / NYT / R / B / AP / WSJ / b / b * * * *

Fed – Company grades Yellen, chiefs communication skills wsj *

Fed – Dove-hawk scale / *



---

FINANCE

China – Central Bank Leads Effort to Regulate Internet Finance WSJ *



---

REAL ESTATE

Spain – Property Deals Grab Investor Interest WSJ*



---

SERVICES

Cosmetics – Nestlé sells back €6b L’Oréal stake FT / WSJ / FT / FT * * *



---

MANUFACTURING




---

TECH

Internet – EU Pushes to Globalize Governance WSJ



---

TRADE & TRANSPORTATION

Air – What Can New Pilots Make? Near Minimum Wage WSJ *



---

COMMODITIES

Crops – Modified Corn a Step Closer to Approval in Europe NYT / WSJ

Gold – China Buys, Produces Record Amounts WSJ / FT / X *



---

ENERGY & ENVIRONMENT

Coal – Becomes commods’ first victim of emerging-market woes R / FT / AP *

Coal – European prices fall as mild weather saps demand FT *

Coal – Rising Use Clouds Europe’s Future WSJ *

Coal – Capturing Carbon May Add 80% to US Electric Costs: Official B

Coal – Scrubbing Technology Revives Midwest Mines WSJ *

Coal – Barge Firm Scans the Monongahela for New Cargo WSJ

Coal – Gulf Coast Hums as Exports Rise WSJ *

Coal – Union Boss Keeps Up the Fight WSJ *

Coal – After years of decline, US carbon emissions rose 2% in 2013 wsj / wapo * *

Coal – BC export plan faces resistance G&M

Coal – Drummond and Colombia Both Suffer in Clash WSJ / FT *

Coal – Shaanxi’s halving of IPO is symptomatic of poor outlook for miners FT / B *

Coal – Restructuring fuels rise in stockpiles, cuts prices CD *

Coal – China to boost production six-fold R / q / r *

Coal – BHP cuts Australia mine jobs as cost pressures mount R

Coal – Australia exports to China defy doomsayers Aus

Coal – Australia approves plan to dump dredge spoil in Barrier Reef WSJ / AFP / R * *



---

LABOR & EDUCATION

World – Is your job safe in the second machine age? ft * *



---

HEALTH




---

ENDNOTES

Viral Chart Predicting Another 1929 Stock Market Crash a / mw * *



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---

Today’s Issue Cluster: Mobiles

EMs – Reserves growth slowing, reversing in some countries
Cards – October 2015: The End of Swipe-and-Sign in US
Crops – Coffee to Soybean Wagers Climb on Brazilian Drought



---

DATA POINTS

India – Jan: Logs Sluggish Export Growth; +3.8% / WSJ / ET

US – Dec: Wholesale stockpiles rise; +0.3% / AP / R *

US – Jan: NFIB Small Business Optimism Index Increases; 94.1 from 93.9 / cr *

US – Dec: JOLTS Job Openings Decrease; 3.99m from 4.03m / B / AP / b *

US – Dec: Consumer credit jumped; +$18.8b / wsj *



---

MARKETS

Bitcoin – Plunges on Japan exchange halt FT / WSJ / R

Bitcoin – Russia prepares crackdown FT / WSJ

Bitcoin – Which countries are friendly wapo *

Loonie – Weakening Currency Is Growing Puny WSJ *



---

ECONOMICS

EMs – Corrosive Inflation Eats at Developing World WSJ *

EMs – Reserves growth slowing, reversing in some countries R * *

EMs – Credit growth presents risk of “systemic global financial markets shock” warns JP Morgan ft *

EMs – As Fragile Five fight back, markets train sights on other emerging economies R * *

EMs – Indonesia: One member of the fragile five is looking surprisingly sturdy FT / FT *

EMs – Latin Countries Forge Trade Accord With Eyes on Asia WSJ *



---

POLITICS & FISCAL POLICY

Swiss – Vote to curb immigration roils Europe FT / AP / NYT / q / afp * * *



---

MONETARY POLICY

BOE – Set to Change Its Guidance on Rate Policy WSJ / R



---

FINANCE

Cards – October 2015: The End of Swipe-and-Sign in US wsj *



---

REAL ESTATE




---

SERVICES




---

TECH

Mobiles – Facebook looks to cut smartphone cost FT

Mobiles – Nokia Releasing First Android Phone WSJ *

Mobiles – HTC counts on cheaper smartphones R / WSJ / q / WSJ *

Mobiles – Samsung Challenge to Apple and Google Stumbles WSJ *

Mobiles – New Smartphone and Software From Finland Aims at Android NYT

Mobiles – Lenovo Takes on Apple and Samsung in Smartphone Market BW *

Mobiles – Will Apple find enough consumers in China to buy its iPhone? q * *

Telecoms – Sprint Rethinks Acquiring T-Mobile After Public Antitrust Opposition WSJ



---

MANUFACTURING

Planes – Boeing sees Asia-Pacific fleet nearly tripling over 20 years R / WSJ / q * * * *

+ Planes – Airbus Forecasts $1.8t of Sales in Asia Next 20 Years WSJ / R

+ Planes – Boeing struggles with 787 production bottlenecks R

+ Planes – Boeing Considering 787-Size Medium-Range Jetliners WSJ

+ Planes – Boeing Ponders Transcontinental Plane to Replace 757 B



---

TRADE & TRANSPORTATION

Air – Starry-eyed budget carriers in Southeast Asia stare at overcapacity R

Air – IATA chief says weak cargo remains biggest airline worry R

Air – Small aviation businesses say pilot shortage could drive industry into the ground WaPo



---

COMMODITIES

Crops – Coffee to Soybean Wagers Climb on Brazilian Drought B

Crops – Brazil water project, long delayed, gets election year boost R *



---

ENERGY & ENVIRONMENT

NatGas – The deep freeze has demonstrated shortcomings of the US energy infrastructure FT *

Alt – US issues new challenge to India over solar power FT / R / AP / WSJ

Alt – Weak Returns Cripple German Renewables S / R *

Alt – Indonesia looks to biofuels to tame trade deficit N *



---

LABOR & EDUCATION

Canada – Underemployment rising as labor market moves sideways G&M *



---

HEALTH

Pharma – US, India Clash Over Generic Drugs WSJ

Pharma – Actavis, Valeant, Jazz: New Roles For Specialty Firms IBD



---

ENDNOTES

Map of the original 86 area codes colour-coded by ease of dialing on a rotary phone motw *



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---

Today’s Issue Cluster: US Labor




---

DATA POINTS

Japan – Dec: Current-Account Deficit Widens to Record; -¥639b (-$6.2b) from -¥593b / B / R / WSJ / K

Egypt – Jan: Urban annual inflation slows; 11.4% from 13.0% / R

Italy – Dec: Industrial Output Unexpectedly Drops; -0.9%, -0.7% yr / WSJ

Canada – Jan: Annual rate of housing starts slide; 180k from 187k / G&M / CP / R



---

MARKETS

Puerto Rico – Moody’s Cuts Ratings to Junk WSJ / R / q * *

Ukraine – Fitch Downgrades to Triple-C WSJ / AP

Ukraine – Divided / motw*



---

ECONOMICS

Japan – Real Wages Fall to Global Recession Low in Abe Risk FT / B

Japan – Not Everyone Is Spooked by Selloff WSJ *



---

POLITICS & FISCAL POLICY

EU – Swiss access under threat after immigration vote FT / WSJ / B / NYT

EU – Swiss immigration vote triggers bank anger FT / WSJ / S



---

MONETARY POLICY

Fed – Jobs Report Won’t Likely Change Policy Path WSJ / R / B



---

FINANCE

EU – Banks’ Debt Addiction Threatens ECB-Led Overhaul B / b *

EU – Let weak banks die, says eurozone super-regulator FT / FT



---

REAL ESTATE

Japan – Worker shortage hits construction sites YS *



---

SERVICES




---

MANUFACTURING




---

TECH

IBM – Semiconductor sale a vital part of strategic realignment FT *



---

TRADE & TRANSPORTATION




---

COMMODITIES




---

ENERGY & ENVIRONMENT

Propane – Tight Supply Reaches Crisis WSJ / NYT *



---

LABOR & EDUCATION

US – Slow Jobs Growth Stirs Worry WSJ / FT * *

US – Disappointing Payroll Number / cr / cr * *

US – Two charts / q * *

US – Payrolls will reach pre-recession peak in 8 months / r *

US – Don’t Blame the Weather for Weak Jobs Report wsj / ft * *

US – Downside of Lower Unemployment WSJ *

US – Evaporating Unemployment nyt / r / b / nyt nyfed * * *

US – Is Unemployment Really Much Better Than the Euro Zone’s? wsj *

US – Workers Shed Caution, in a Healthy Sign for Labor Market WSJ *

US – UE duration down, discouraged falls, participation rate up to 63% / r *

US – Participation Rates by Age Brackets / b *

US – Forget the Unemployment Rate, Let’s Talk About the Employment Rate wsj*

US – More Men in Prime Working Ages Don’t Have Jobs WSJ *

US – Should Fed Worry That Smaller Share of Americans Are Working? wsj *

US – Only About One-Third of Labor Force Dropouts Will Return wsj *

US – Why Hiring Lags Behind Even as Factories Hum WSJ

US – The Fastest-Growing Jobs of This Decade a *

US – Share of labor force projected to rise for people age 55 and over BLS *

US – Older Job Seekers Quick to Give Up Regardless of Labor Market Conditions wsj *

US – Teen employment and the minimum wage mr *

US – For Recent Grads, Good Jobs Really Are Hard to Find wsj *

US – The depressing reason women are gaining labor market share r * *

US – A High-Water Mark for Women, in Retrospect nyt *

US – Women Lagging on Job Creation, Shifting to Lower-Wage Industries wsj *

US – Female CEOs Missing in IPO Boom WSJ *

US – Labor Union Membership Rate Stays Steady in 2013 WSJ / R / wsj * *



---

HEALTH

Tech – US Biotech IPO fever stokes bubble fears FT *



---

ENDNOTES

Where people run fd * * *



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---

Today’s Issue Cluster: China Real Estate

Ship – Industry sees an end to five-year downturn
NatGas – China: Transport fuels LNG growth
H10N8 – New fatal bird flu strain detected in China



---

DATA POINTS

Germany – 2013: Trade surplus hits record high; +€199b from +€190b / AP

Germany – Jan: Industrial Output Unexpectedly Fell; -0.6% from +2.4% / B

UK – Dec: Manufacturing picks up, though not as much as expected; +0.3% from -0.1% / R

Russia – Dec: Economy Stops Growing / WSJ

Australia – Jan: AiG construction shrinks after three months of growth; 48.2 from 50.8 / Aus

Brazil – Jan: Inflation Slower Than All Estimates; +0.55% from +0.92% / B

Canada – Jan: Jobless Rate Falls on Full-Time Work, 7.0% from 7.2% / G&M / CBC / R / B *

US – Jan: Payrolls Rise Less Than Forecast; +113k from +75k / AP / NYT / FT / WSJ / B *

US – Jan: Unemployment rate declined; 6.6% from 6.7% / R *



---

MARKETS




---

ECONOMICS

Norway – Cruise control FT * * * *



---

POLITICS & FISCAL POLICY

UK – Scots’ independence would make it harder for Labour to win FT / FT *



---

MONETARY POLICY

RBA – Raises GDP Growth, Inflation Forecasts on Weaker Aussie B / SMH / ABC / Aus / B * *

RBA – Shifting Export Dependencies (Japan+China>50%) / b *



---

FINANCE

EU – Investors put faith in bank revival FT *

EU – Banks Continue to Shed Unwanted Assets WSJ

EU – Banks Poised to Return to Acquisition Trail WSJ *



---

REAL ESTATE

China – Savers’ Penchant for Property Magnifies Bust Danger B / q * *

China – Property bubble keeps on swelling even as economy slows N *

China – 42% of demand is from speculators says Gan Li b *

China – Leading Rise in Home Prices / b *

China – Brookfield Bets Big WSJ

China – Rushing for overseas properties CD / CD * * *



---

SERVICES

Retail – Chinese remain the biggest lux buyers e *

Retail – Stores feel the squeeze in America’s poverty economy FT *

Restaurants – Big Pizza Chains Use Web Ordering To Slice Out Bigger Market Share WSJ *



---

MANUFACTURING

Planes – Airbus May Sell A380 Jet with New Engines WSJR

Planes – Boeing May Further Raise Production of 737 Jet WSJ / R / B

Planes – Makers look to ink Asia deals despite emerging market worries R



---

TECH

Sony – Sheds PCs as it warns on profits FT / FT / N * *

Panasonic – As TVs Lose Luster, Firm Pushes Lower-Key Products WSJ *

Electronics – Japan’s giants / r *



---

TRADE & TRANSPORTATION

Ship – Industry sees an end to five-year downturn R *

Ship – Panama Canal Expansion Suspended WSJ / r *



---

COMMODITIES




---

ENERGY & ENVIRONMENT

NatGas – US: Hedge funds bet on shortage as cold boosts demand FT *

NatGas – Iran: Puts hope in South Pars development FT *

NatGas – China: Transport fuels LNG growth CD *



---

LABOR & EDUCATION

HigherEd – For-Profit College Probe Expands WSJ

HigherEd – Tuition Crunch Takes Big Toll WSJ *

HigherEd – Colleges Trim Staffing Bloat WSJ *

HigherEd – State Funding for Colleges Rebounds WSJ *

HigherEd – China parents count cost of overseas universities FT * * *

HigherEd – The Growth of College Grads in Dead-End Jobs a * *



---

HEALTH

H10N8 – New fatal bird flu strain detected in China FT / WSJ / wsj

H10N8 – Making sense of the strains q * *



---

ENDNOTES

Socket map of the world am *



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---

Today’s Issue Cluster: Electricity




---

DATA POINTS

German – Dec: Industrial orders decline unexpectedly; -0.5% from +2.4% / WSJ / AP / B

UK – Jan: Halifax house prices rise at fastest pace in three months; +7.3% from +7.5% / R *

Australia – Dec: Trade balance hits surplus as exports jump; +A$468m from +A$83m / ABC / SMH

Australia – Dec: Retail sales ring up eighth monthly rise; +0.5% from +0.7% / Aus

Canada – Dec: Export recovery still elusive as trade gap grows; -C$1.7b from-C$1.5b / G&M / CBC / R *

US – Dec: Trade Deficit Widens More Than Forecast as Exports Decrease; -$38.7b from -$34.6b / AP / R / B *

US – Q4: Productivity grew; +3.2% from +3.6% / AP / B *

US – Week: Jobless Claims Decreased; -20k to 331k / R / AP / WSJ / B *

US – Jan: Challenger planned layoffs jump; +47% / WSJ *



---

MARKETS

Ukraine – Currency in Free Fall WSJ / FT

Ukraine – US and EU step up bid to woo country FT / R / AP



---

ECONOMICS

LatAm – Inflation Fuels Crises in Argentina and Venezuela WSJ / FT *

LatAm – Dispute Leads Argentina to Revise Index WSJ

LatAm – Gobal Companies Address Risk WSJ *

LatAm – Mexico secures coveted A-grade credit rating from Moody’s FT / WSJ



---

POLITICS & FISCAL POLICY

India – Narendra Modi’s market model FT *



---

MONETARY POLICY

ECB – Keeps interest rates on hold despite deflation fears FT / WSJ / NYT / AP / R / B / B

BOE – Holds fire on forward guidance FT / WSJ / NYT / R / AP / B



---

FINANCE




---

REAL ESTATE

Swiss – Housing Market Bubble Looms Closer, UBS Says B



---

SERVICES

Tobacco – CVS will stop selling cigarettes FT / WSJ / NYT / AP / R * * *

Tobacco – Cost Of A Pack Of Cigarettes Around The World / bi *

E-Cigarettes – Altria Expands With Green Smoke WSJ / wsj *



---

MANUFACTURING




---

TECH

Security – US retailers face pressure to raise spending R / WSJ

Security – Growing Threat Environment Spurs Software Products IBD



---

TRADE & TRANSPORTATION

Ship – Panama Canal Expansion on ‘Brink of Failure’ WSJ / FT / AP / R

Ship – Panama’s $5b Canal Upgrade Jolts US Ports From CA to NJ B

Ship – Triple E / q *



---

COMMODITIES

Cotton – Drought: Output in Australia Seen Declining B

Beef – Drought: Australia culls cattle, clouds beef-supply outlook R *

Coffee – Drought: Brazilian Dry Spell Stirs Prices WSJ / FT * *

Coffee – Connoisseurs boost high-end market FT / B *



---

ENERGY & ENVIRONMENT

Electricity – Assault on California Power Station Raises Alarm on Potential for Terrorism WSJ *

Electricity – New Pollution Rules Choke Old Power Plants WSJ *

Electricity – Turning Down US Power’s Dimmer Switch WSJ *

Electricity – Europe’s utilities squeezed by creeping nationalization R

Electricity – EU Energy Crisis ft *

Electricity – Claims of high EU energy prices ‘overblown’ FT

Electricity – The risk of UK shortages is rising E

Electricity – China installed record amounts of solar power in 2013 – But coal is still winning wapo * * * *

Electricity – Asean: Price shock coming ft *



---

LABOR & EDUCATION




---

HEALTH

F&B – Evidence against sugar in food mounts up FT *

F&B – Overweight Americans who pick diet drinks eat more food: study R

F&B – Coca-Cola coming in a capsule FT / R / AP

F&B – A sweet Asian fruit tempts the troubled soft drink industry R *

F&B – Junk Food Feels the Heat in Latin America WSJ *

F&B – The war against butter is over. Butter won q * *



---

ENDNOTES

Opportunity Rover Nearly Unrecognizable After 10 Years On Mars bi *



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---

Today’s Issue Cluster: Emerging Markets




---

DATA POINTS

EZ – Dec: Retail sales in unexpectedly big slide; -1.6% from +0.9% / AP

UK – Jan: Markit Services Growth Unexpectedly Slows on Wet Weather; 58.3 from 58.8 / R / B

South Africa – Jan: HSBC PMI lower; 50.3 from 50.5 / R

Indonesia – Q4: Growth helps reassure jittery investors; +5.72% yr, -1.42% qtr / FT / WSJ / B / NYT *

US – Jan: ADP Companies Add Fewer Workers Than Forecast; +175k from +227k / WSJ / AP / R / B *

US – Jan: ISM Non-Manufacturing Index Rose; 54 from 53 / R / B / WSJ / AP *

US – Dec: CoreLogic House Prices Down; -01%, +11% yr / cr *

US – Week: MBA Mortgage Applications Increase Slightly; +0.4% / cr *



---

MARKETS

EMs – S&P Pushes Puerto Rico Rating Into Junk Territory WSJ / FT / R / AP / B *

EMs – Brazil trade deficit: wrong kind of improvement ft * *

EMs – Turnabout on Global Outlook Darkens Investor Mood WSJ *

EMs – Turmoil raises fears of contagion FT / AP *

EMs – Have outflows only just begun? ft / ft / wsj * * * *

EMs – Post-panic paranoia plotted ft / ft * * *

EMs – Haven hunt turns up few bargains FT *

EMs – Asia Rapid Growth Comes at a Cost wsj *

EMs – Asia PMIs: not great, even when they are good ft *

EMs – World PMIs / *

EMs – Currency Collapse / q * *

EMs – Asia Currencies Reshape Business WSJ *

Euro – May Be Resurfacing as a Safe Haven WSJ / WSJ * *



---

MONETARY POLICY

EMs – Central bankers: guiders, reactors and mavericks / Rft *



---

ECONOMICS

Russia – A president in deepening trouble E * *

Russia – Red Alert on Rouble Is Premature WSJ *

Russia – After the party FT *



---

FINANCE

Turkey – How safe are banks, really? ft *

US – Small Banks Face TARP Hit WSJ *



---

POLITICS & FISCAL POLICY

US – CBO expects deficit to fall, then rise FT / WSJ *



---

REAL ESTATE




---

SERVICES

Media – Hollywood Hired Hands See Greener Pastures Outside California WSJ * *

Media – A dearth of 3D movies could hurt the cinema industry this year q *



---

MANUFACTURING




---

TECH

PCs – Lenovo shares dive on Sony Vaio buy report R / R / WSJ / FT / R *

Microsoft – Banks on the cloud under Nadella FT / FT / WSJ * *



---

TRADE & TRANSPORTATION




---

COMMODITIES

Steel – Scrapyards in US Feel Effects of Turkey’s Tarnished Economy WSJ *



---

ENERGY & ENVIRONMENT

NatGas – Continues Skyward Surge WSJ

NatGas – Supply test looms R

NatGas – Big Rigs Leading Switch IBD *



---

LABOR & EDUCATION

Migrants – A prosperous Germany worries about the costs FT *

Migrants – Arrival Worries German Town WSJ *

Migrants – Brussels Warns Germany against Populism S * *

Migrants – Expats in Crosshairs as Swiss Vote on Immigration Limits B

Migrants – Flow of Unaccompanied Minors Tests US Immigration Agencies WSJ *



---

HEALTH

Insurance – Health-Care Law Expected to Take Greater Toll on Workforce WSJ / NYT / AP / R / B / WaPo * *

Insurance – Exchanges See Little Progress on Uninsured WSJ



---

ENDNOTES

Why Hollywood Will Never Look the Same Again on Film: LEDs nfs * *



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---

Today’s Issue Cluster: Autos

Japan – The Force of Exports Is Weakening
US – More and more are buying homes with pure cash
Pharma – Ten Drug Companies Form Pact With NIH to Find Paths to New Medicines



---

DATA POINTS

EZ – Dec: Producer Prices Rise; +0.2% from -0.1% / WSJ

UK – Dec: Markit Construction Expands at Fastest Since 2007 on Homes; 64.6 from 62.1 / B / bi *

Spain – Jan: Jobless Claims Rise at Slower Pace; +113k to 4.8m / WSJ / AP *

South Africa – Jan: Business confidence lower; 90.5 from 91.9 / R

Brazil – Jan: Suffers record trade deficit; -$4.1b / FT

US – Dec: Transportation weighs on factory orders; -1.5% from +1.5% / R *



---

MARKETS

Stocks – Factory Weakness Hits Dow WSJ *

Stocks – Investors turn wary on US earnings growth FT *



---

ECONOMICS

Japan – Backward Recovery wsj *

Japan – The Force of Exports Is Weakening NYT *

Japan – Risk appetite still plays out in yen trade FT *

Japan – Utilities Offset Idled Reactor Losses by Lifting Rates B

Japan – Some Toyota suppliers come up dry R *

Japan – In danger of missing 2020 budget target FT



---

FINANCE

Japan – Monetary easing drives bank margins to record low FT / R



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY

RBA – Australia Signals End to Cuts WSJ / R / B / Aus / ABC / SMH

BNR – Romania Cuts to New Low WSJ / B



---

REAL ESTATE

US – Housing Market Hits Headwinds WSJ

US – Americans Boost Spending on Remodeling WSJ *

US – Rental Housing Grows More Scarce, Driving Rents Up wsj *

US – More and more are buying homes with pure cash npr *



---

SERVICES

Dairy – New Zealand Milks China WSJ *



---

MANUFACTURING

Autos – January US Sales Chilled by Winter Weather WSJ / FT / NYT / AP / BR * *

Autos – Canadian sales rise despite weather woes, ‘troubling’ January FP / R

Autos – Car-Sharing, Social Trends Portend Challenge WSJ

Autos – Foreign carmakers seek to ride US revival FT *

Autos – Honda becomes net exporter of cars from the US FT / WSJ

Autos – Toyota’s production / *

Autos – More of America’s new cars will come from Mexico than Japan this year q *

Autos – Fiat builds Italian future on delivering premium export cars FT / WSJ * *

Autos – Luxury Makers Fill Lineups With Dizzying Array of Models WSJ *

Autos – Makers Pack New Cars With Technology, but Younger Buyers Shrug NYT

Autos – US Used Car Prices Expected To Decline This Year WSJ

Autos – Ford’s Aluminum F-150 Poised to Test Repair Shops’ Mettle B / WSJ / R

Autos – Carmakers are seeing a recovery, but suppliers may benefit more FT *

Autos – Cadillac Chief’s Challenge: Clear Dealer Lots WSJ *

Autos – UK sector cars up for another year of robust sales FT

Autos – An increasingly popular way to finance has helped to boost EU sales E *

Autos – China’s carmakers have yet to make their marque FT *

Autos – China Demand Fuels Dealership Deals WSJ

Autos – Makers look for dream market in rural India R / WSJ *



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TECH

Apple – Quietly Builds New Networks WSJ *



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TRADE & TRANSPORTATION

Air – Pilot Shortage Arrives Ahead of Schedule WSJ * *

Air – Contentious Iberia revamp emblematic of European lines’ woes FT *



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COMMODITIES

Water – Amid drought, California agency won’t allot this spring AP / NYT / WSJ / NYT

Water – Dry, hot weather pressures Brazil’s reservoirs R / FT *



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ENERGY & ENVIRONMENT




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LABOR & EDUCATION

China – Factories act to keep staff in saddle in Year of the Horse FT

China – Labor markets holding up b *



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HEALTH

Pharma – Ten Drug Companies Form Pact With NIH to Find Paths to New Medicines WSJ *



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ENDNOTES

Map of Europe showing literal Chinese translations am *



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Today’s Issue Cluster: European Politics

RBA – Australia’s home-brewed inflation a hangover for central bank
Retail – Newly Wary, Shoppers Trust Cash
Gold – Indonesian miner turns to alternative to counter export ban



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DATA POINTS

China – Jan: Manufacturing Gauge Falls to Six-Month Low; 50.5 from 51.0 / B / R / WSJ / FT / X

China – Jan: Official services PMI fell; 53.4 from 54.6 / NYT / X

India – 2013: Slashes Growth Figure; +4.5% was +5.0% / WSJ *

Thailand – Jan: Inflation Accelerates; 1.93% from 1.67% / WSJ

EZ – Jan: Markit final Manufacturing PMI rose; 54.0 from 52.7 / R / WSJ / FT

UK – Jan: Markit Manufacturing Grows as Expansion Cools; 56.7 from 57.2 / B / WSJ

US – Jan: ISM Manufacturing Growth Slows as New Orders Plunge; 51.3 from 56.5 / R / B / WSJ / AP / b * *

US – Dec: Construction spending up; +0.1% from +0.8% / AP / R *



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MARKETS

Frontier – Rope In Investors WSJ *



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ECONOMICS

Brazil – Budget Gap Widens to Highest Level in Four Years WSJ *

States – Battles Loom Over What to Do With Surpluses NYT / WSJ *



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POLITICS & FISCAL POLICY

Scotland – Has all the ingredients to be a viable nation state FT * * * * * *

Scotland – Exports would be worth almost £100b after independence FT *

Scotland – Lloyds and RBS: too big for independence FT

Scotland – Spain promises non-interference FT

Catalonia – Academics Press Separatist Drive WSJ *

Catalonia – Municipalities that support independence motw *

Silesia – push for autonomy tests Poland unity FT

Russia – Regions where Russian is the majority native language / motw *

EU – Separatist movements / motw *

EU – UK: Cameron’s strategy dealt blow by Hollande and Lords FT / WSJ / FT *

EU – UK: Independence party gets serious E *



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MONETARY POLICY

ECB – Slowing Eurozone inflation stokes expectations for action FT / WSJ * *

RBA – Australia’s home-brewed inflation a hangover for central bank R / B



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REAL ESTATE

Australia – Housing Boom Spreads Beyond Sydney WSJ



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FINANCE

Australia – Big 4 banks are global unknowns SMH *



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SERVICES

Retail – Walmart warns of lower holiday season profits FT / WSJ / AP / R * *

Retail – Where Did Teenagers Go? NYT

Retail – Newly Wary, Shoppers Trust Cash NYT *

Online – Twitter ‘looking to move into ecommerce’ FT



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MANUFACTURING




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TECH

Telecoms – Antitrust officials deliver blow to Sprint/T-Mobile deal hopes FT

Telecoms – AT&T Cuts Family Plan Pricing as Competition Heats Up WSJ / B

Telecoms – After AT&T price cuts, all eyes on Verizon R



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TRADE & TRANSPORTATION

Pipeline – Keystone clears hurdle FT / WSJ / NYT / AP / RB / G&M / FP *

Pipeline – Report raises pressure on Obama to approve Keystone R / WSJ / FP *

Rail – Even Without Keystone, Oil Has Flowed WSJ / R / B

Ship – Oil Boom Increases Barge Operators’ Fortunes WSJ *



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COMMODITIES

Platinum – Wage strikes pose big challenge for South Africa miners FT * *

Gold – Indonesian miner turns to alternative to counter export ban N * *



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ENERGY & ENVIRONMENT

EMs – Governments face fuel subsidy dilemma FT *

EMs – Oil hits record high in emerging market currencies R *



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LABOR & EDUCATION

EU – France: Businesses push Hollande to ease labor costs FT *

EU – Minimum monthly wages / motw *



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HEALTH




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ENDNOTES

How much snow it takes to cancel school mr *



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