Archive for April, 2014

16 April 2014

Tuesday, April 15th, 2014



Today’s Issue Cluster: US Real Estate

E-Cigs – Early Data in Study May Raise Safety Concerns
UK – Wages poised to pass recovery milestone
Fish – Engineered salmon may be a tough sell


DATA POINTS

China – Q1: Growth slows to 24-year low; +7.4% from +7.7% / AP / R / FT / WSJ / B / NYT / X *

China – Q1: Industrial value added up; +8.7% / X / X *

China – Q1: Power consumption rises; +5.4% / X

China – Q1: Incomes continue surging; +11.1% / X

Russia – Q1: Economy slows amid Ukraine crisis; +0.8% was +2.5% / AP

EZ – Mar: Inflation sticks in ‘danger zone’; +0.5% from +0.7% / R / FT *

UK – Feb: Unemployment Rate Falls to Five-Year Low; 6.9% from 7.2% / WSJ / AP / B

Ireland – 2014: Raises Economic Forecasts; +2.1% was +2.0% / WSJ

US – Mar: Housing starts up but miss forecasts; +2.8% from +1.9% / R / B / WSJ

US – Mar: Permits to build homes fell; -2.4% / AP *

US – Mar: Industrial Production Rises; +0.7% from +1.2% / R / AP / WSJ / B *


MARKETS

Yuan – Treasury Blasts China WSJ / FT / B *

Yuan – Reality Check on Threat to Dollar WSJ *


ECONOMICS

LatAm – Aspirations risk being frustrated FT *

LatAm – Life after the commodity boom E * *

LatAm – World’s Most Violent Region WSJ *


POLITICS & FISCAL POLICY

Ukraine – German Government Blames Moscow but Many in Public Favor Neutral Stance WSJ / B / S *


MONETARY POLICY

Fed – Yellen Lays Groundwork for Rules on Short-Term Credit Markets WSJ / R / NYT / WSJ


FINANCE

EU – Super Tuesday for bank regulation FT / WSJ / NYT


REAL ESTATE

US – Housing Market Slow to Hit Its Spring Stride WSJ *

US – Scarce land could blunt recovery for homebuilders R *

US – Fewer Foreclosures Could Mean Fewer Homes for Sale wsj *

US – Owner Occupied vs. Renter Occupied Homes / b *

US – Home market: Few buyers and not enough sellers AP / R

US – Mortgage Tax Breaks Trickle Up, New Study Shows WSJ *

US – ‘Wealth Effect’ Drives Vacation-Home Sales WSJ *

US – Apartment Rents Climb as Vacancies Drop WSJ / AP / cr * *

US – In Many Cities, Rent Grows Out of Reach NYT

US – The Most Expensive Places To Rent An Apartment / bi

US – Store Rents Rise as Construction Slows WSJ / cr *

US – Growth in Office Market is Picking Up WSJ

US – Construction Is Muted Because Too Many Buildings Went Up During the Boom wsj


SERVICES

E-Cigs – Targeted At Youths, Report Says NYT

E-Cigs – Early Data in Study May Raise Safety Concerns NYT

E-Cigs – WHO plans to regulate in same way as normal tobacco FT

E-Cigs – Rule coming ‘very soon,’ FDA chief says R / AP

E-Cigs – The Murky State of E-Cigarette Research 538 *

Cigs – SK health insurer sues tobacco companies FT

Cigs – UK Inches Toward Graphic Packs WSJ / FT *

Cigs – Inside NYC’s Multimillion-Dollar Black Market huffpo *

Cigs – Cigarettes, Taxes, and Smuggling BW *


MANUFACTURING



TECH

IPOs – Tech correction clouds prospects FT *

IPOs – Alibaba Flexes Muscles Before Offering WSJ * * *

IPOs – China’s Twitter unlikely to enjoy the same share surge on debut FT * * *


TRADE & TRANSPORTATION



COMMODITIES

Fish – Why People Are Eating Less WSJ

Fish – Companies Try to Get Kids Hooked on Sticks WSJ

Fish – Engineered salmon may be a tough sell AP *

Fish – Shark fin soup is going out of style q * *


ENERGY & ENVIRONMENT



LABOR & EDUCATION

UK – Wages poised to pass recovery milestone R *


HEALTH



ENDNOTES

Baseball geography wapo *


15 April 2014

Monday, April 14th, 2014



Today’s Issue Cluster: Garment Industry

China – Yangtze River Delta becomes epicenter for credit risk
Internet – The app economy is concentrating ever-more deeply in Silicon Valley
Palladium – ‘Russia’s secret weapon against the West’


DATA POINTS

EZ – Feb: Exports Boost Trade Surplus; +€13.6 from +€9.8 yr / WSJ / eu *

Germany – Apr: ZEW Investor Confidence Falls for Fourth Month; 43.2 from 46.6 / B / WSJ / AP / m / r * *

UK – Mar: Inflation Cools; 1.6% from 1.7% / WSJ / B

Morocco – Q1: Economic growth slows as agricultural output falls; +2.5% from +4.5% / R

India – Mar: Consumer Inflation Quickens, Adding Rate Pressure; 8.31% from 8.03% / B

Canada – Feb: Factory sales climb to peak hit before recession; +1.4% / CP / R

Canada – Mar: CREA number of existing homes that changed hands up; +4.9% yr / G&M

Canada – Mar: CREA average house price now over $400K; +6% / CBC

US – Mar: Consumer Prices Rise Slightly; +0.2% from +0.1% / WSJ / R / AP / B *

US – Apr: NAHB home builder sentiment edges up, still gloomy; 47 from 46 / AP / R / WSJ / b * *

US – Apr: Empire State Manufacturing Flat; +0.2% from +0.2% / cr / r *


MARKETS

Stocks – Comparing the severity of the worst financial crises in US & UK history e *


ECONOMICS

China – Beijing rejects IMF’s hard-landing warning R

China – Yangtze River Delta becomes epicenter for credit risk R *

China – Strengthening job market a reason not to expect major stimulus / b *

China – ‘Beijing engineers Potemkin defaults to mask debt reality’ ft

China – Asia economic outlook r *


POLITICS & FISCAL POLICY

Ukraine – EU moves to sanction more Russians AP / B / WSJ

Ukraine – Kiev’s grip loosening on restive east R / WSJ *


MONETARY POLICY



FINANCE

China – New Credit Falls 19% From Year Earlier, PBOC Says B


REAL ESTATE

China – Housing Trouble Grows WSJ * *

China – Newly Built Residential Prices / b *


SERVICES

Dairies – China Milk Thirst Leads to Record 2014 Profits B / wsj

Dairies – Australia’s Shrinking Targets WSJ *


MANUFACTURING

Garments – Bangladesh Union Organizers Allege Intimidation WSJ / WSJ / R

Garments – Strife Curbs Progress at Bangladesh Factories WSJ / AP / NYT *

Garments – Group of HK makers to open factories in Myanmar FT

Garments – Apparel workers’ wages / r *

Garments – Is Italy’s Know-How Fading Out? WSJ

Garments – American affair with cotton frays as man-made fibers take to catwalk R / * *

Garments – Era of Cheap Apparel May Be Ending for US NYT *


TECH

Internet – The app economy is concentrating ever-more deeply in Silicon Valley a * *

Internet – Soon 6 devices for every person on the planet ft *

Internet – 62% of all Internet traffic is not from humans / t *


TRADE & TRANSPORTATION

Truck – Ride to lower costs for LNG power rockier than expected R *

Rail – Will LNG Be Next to Power Trains? AP / wsj


COMMODITIES

Platinum – Prices Jump on Supply Worries WSJ / AFP

Palladium – ‘Russia’s secret weapon against the West’ q / b * * *

Copper – Miners look past present pain to future gain FT *

Iron – Rio Tinto’s production hit by weather SMH / b *

Gold – China Is Losing Its Taste WSJ *

Gold – China companies hoard for collateral FT / R * *

Gold – Marriage keeping metal’s prospects bright in China q * *

Gold – In search of a new standard FT *


ENERGY & ENVIRONMENT

NatGas – RWE to Supply Ukraine AP / WSJ

NatGas – US Gas Tantalizes Europe, but It’s Not a Quick Fix NYT

NatGas – US may be ‘very large player’ in Asian LNG SMH

NatGas – BC playing catch-up with its LNG plans G&M / G&M *


LABOR & EDUCATION

China – Migrant workers test urbanisation drive FT * *


HEALTH



ENDNOTES

Happy Little Clouds: A Statistical Analysis of the Work of Bob Ross 538 * *


14 April 2014

Monday, April 14th, 2014



Today’s Issue Cluster: Retail

Air – Faster Wi-Fi on flights leads to battle in the sky
Rubber – As Vietnam stretches output, risk of price war grows
World – Total Taxes on Wages Are Rising


DATA POINTS

EZ – Feb: Industrial Output Rises Slightly; +0.2%, +1.7% yr / WSJ / m *

Singapore – Q1: GDP rises slightly; +0.1%, 5.1% yr / N

US – Feb: US businesses increased stockpiles; +0.4% from +0.4% / AP / b * *


MARKETS

EU – The Tide Is Turning for Greece—and the Euro Zone WSJ / NYT *


ECONOMICS

World – IMF Warns on Low Inflation WSJ / B * *

World – Slowdown puts 1bn middle class at risk FT / FT *


POLITICS & FISCAL POLICY

Ukraine – Orders Troops East WSJ / FT / NYT / R / B

Ukraine – Businesses hit hard by Russian moves FT

Ukraine – US faces reluctant partners in sanctioning Russia AP / WSJ


MONETARY POLICY

ECB – Draghi steers towards negative rates FT / FT / WSJ / B / FT / WSJ


FINANCE

EU – Banks win backing of US money market funds FT *


REAL ESTATE

Spain – Banks Push Own Properties WSJ * *


SERVICES

Retail – US Sales Surge as Consumers Rev Up Growth WSJ / R / B / AP *

Retail – ‘Figures won’t mean as much for Q1 as for Q2’ / b *

Retail – Rise of US online sales continues…nearly 1 in 10 / b *

Retail – Some stores see shoppers pull back WSJ / FT / R / WSJ / AP *

Retail – Bargain retail lifts US shopping centers as big names stumble R *

Retail – Hundreds of Stores Closing bi *

Retail – Ow, Canada: US retailers get the cold shoulder AP

Retail – Walgreens urged to leave US to gain tax benefit FT

Retail – Wal-Mart Cries Foul on China Fines WSJ *

Retail – Wal-Mart plans big wholesale store push into India FT

Retail – Stores chase reward in booming but volatile Africa R

Retail – Soaring Luxury-Goods Prices Test Wealthy’s Will to Pay WSJ

Retail – Made-in-USA Luxury Brands Win Fans in China BW *

Retail – Google Tests a Way to Follow You to the Mall WSJ *

Retail – The rise of man-shopping q * * * * *


MANUFACTURING



TECH

Stocks – Current bout of dotcom fever appears less virulent FT / R *

Stocks – Spending billions on odd bets will inspire investors to revisit fundamentals FT *

Stocks – Riding the Tech Roller Coaster WSJ * * *

Stocks – Tech insiders dumped shares ahead of slide FT

Stocks – Flying Too High: LinkedIn, Twitter, NetSuite Bn *


TRADE & TRANSPORTATION

Air – Faster Wi-Fi on flights leads to battle in the sky R

Air – Backlash Stirs Against Lufthansa Pilots S *

Air – Small Airports Are in Big Trouble WSJ *


COMMODITIES

Rubber – As Vietnam stretches output, risk of price war grows R *


ENERGY & ENVIRONMENT

Oil – China shifts to oil product exporter FT

Oil – US exports are about to be a factor in geopolitics q *

Oil – Petrobras new refinery costs off the map R *


LABOR & EDUCATION

World – Total Taxes on Wages Are Rising NYT / q / r / WSJ / wapo * * * *


HEALTH

MERS – Deadly Virus’s Spread Raises Alarms in Mideast WSJ *

H5N8 – Bird flu virus detected in Kumamoto, 112,000 chickens to be culled K

H7N9 – Bird flu set to dent China demand for soy FT


ENDNOTES

The Decimal Mark Across The World im *


11 April 2014

Thursday, April 10th, 2014



Today’s Issue Cluster: China Economy

France – Conservative and Centrist Notes in Premier’s Blend of Socialism
Security – Hackers Lurking in Vents and Soda Machines
Alt – Solar: Birds going up in smoke at Ivanpah


DATA POINTS

China – Mar: Consumer Prices Rose; +2.4%, -0.5% mo / WSJ / B / X *

Japan – Mar: Wholesale prices up; 1.7% / K

Spain – Mar: Deflation not as great as first thought; -0.1% was -0.2% / AP

US – Mar: Wholesale Prices Rise More Than Forecast on Services; +0.5% from -0.1% / B / WSJ / AP / R *

US – Apr: UMich consumer sentiment hits nine-month high; 82.6 from 80.0 / R / B / r / b * *


MARKETS

EU – Greece: Trouble Brews Despite Good News on Bond Sale WSJ / FT / FT / E * * *

EU – Fears grow over scale of eurozone bond rally FT *


ECONOMICS

China – Bond auction failure reinforces slowdown concerns FT / WSJ

China – Rules out short-term stimulus despite weak trade figures FT / WSJ / WSJ * *

China – Fake Data to Skew More Export Numbers B

China – Auto Sales Slow as Economy Cools WSJ

China – Asia’s anti-corruption battle produces unofficial austerity wsj *

China – New Central Bank Chief Economist Pushes Liberalization Plan WSJ *

China – Railways and public housing aren’t going to fix economy q * *

China – Opens Door Wider to Its Stock Markets WSJ *

China – Central Bank Adds Liquidity to Banking System WSJ

China – Bank regulators caught in turf war FT

China – Home Price Growth in Five Largest Cities Decelerating b *

China – First global “megatrader” since the British empire ft * *

China – Australia Stock Rally Shows Link Waning B *


POLITICS & FISCAL POLICY

Ukraine – Russian Military on Border in High State of Readiness WSJ / NYT / B / WSJ * *

France – Conservative and Centrist Notes in Premier’s Blend of Socialism NYT / WSJ / B / AP / B / E * *


MONETARY POLICY

BOK – Lifts Growth Forecasts as Keeps Rate Unchanged B

BI – Holds Benchmark Rate as Inflation Pressure Eases B

RBI – Raghuram Rajan Criticizes Fed WSJ / FT / R

BCRP – Peru Keeps 4% Key Rate as Reserve Measures Spur Recovery B

BOE – Holds Key Rate at 0.5% FT / B / NYT / WSJ / R / E *

ECB – Seen easing by June b *

SR – Sweden Delays Rate Hikes to Push Up Inflation wsj / q r * * *


FINANCE

World – Boutique banks FT * * * * *


REAL ESTATE



SERVICES

Ads – A Middling Outlook for the TV ‘Upfronts’ WSJ *

Ads – US internet spending surpasses broadcast TV FT / FT *


MANUFACTURING



TECH

Security – Heartbleed Bug Found in Cisco Routers, Juniper Gear WSJ / FT / WSJ

Security – Flaw Could Reach Beyond Websites to Digital Devices, Experts Say NYT

Security – Hackers Lurking in Vents and Soda Machines NYT


TRADE & TRANSPORTATION

TPP – Critics fight back on Pacific trade plan FT / WSJ / N / FT


COMMODITIES

Nickel – Jumps above $17,000 in wake of Indonesia export ban FT

Nickel – Surge Squeezes Smelters WSJ

Nickel – ‘Bull narrative accelerates; too fast?’ r *

Nickel – An icebreaker heads to the mines of northern Canada E *


ENERGY & ENVIRONMENT

Alt – Solar: EU backs duties on Chinese glass imports R

Alt – Solar: Birds going up in smoke at Ivanpah DesertSun

Alt – Solar: ‘Global dominance in sight as science trumps fossil fuels’ DT *


LABOR & EDUCATION

EU – Many Jobless See Little Light Yet From Glimmers of a Recovery NYT

EU – French Workers Turn On ‘Out of Office’ WSJ / BBC


HEALTH



ENDNOTES

How many times people kiss when they meet in Regions of France am *


10 April 2014

Wednesday, April 9th, 2014



Today’s Issue Cluster: Mobile Payments

Ukraine – ‘Russia Plotting for Influence, Not Invasion, Analysts Say’
TTP – Japan mulls slashing US beef tariffs
Oil – Houston Fills With Crude That Can’t Be Shipped Out


DATA POINTS

China – Mar: Exports Fall Again; -6.6% from -18.1% / WSJ / NYT / AP / B / R / FT / R * *

Japan – Feb: Core machinery orders down; -8.8%, +10.8% yr / WSJ / K / R *

Australia – Mar: Surprise unemployment drop as 18k jobs added; 5.8% from 6.1% / B / ABC / Aus

Germany – 2014: Economists up growth forecast; +1.9% was +1.8% / AP

UK – Mar: RICS House-Price Growth Quickens as Home Shortage Boosts Values; 57 from 47 / B / R

Canada – Feb: New home prices rise; +0.2% from +0.3% / B

US – Week: Jobless Claims Drop to Lowest Level Since May 2007; -32k to 300k / R / AP / WSJ / B *

US – Mar: Import prices rise on surge in food costs; +0.6% from +0.9% / R / WSJ *


MARKETS

Bonds – Big Hedge Funds Roll Dice on Puerto Rico Debt WSJ *

Bonds – Rate rise fears stoke EU floating rate revival FT *


ECONOMICS

World – IMF Trims Global Economic Growth Forecast WSJ / FT * *

World – Difference in 2014 Bloomberg Consensus GDP Forecasts from 1/1/13 / b *

World – The productivity tightrope / N *


POLITICS & FISCAL POLICY

Ukraine – Europe in jeopardy as Putin threatens to cut gas FT / R / WSJ

Ukraine – ‘Russia Plotting for Influence, Not Invasion, Analysts Say’ NYT

Ukraine – Russia’s First-Quarter Capital Outflows Largest Since Late 2008 B / q *


MONETARY POLICY

Fed – Debate on scrapping 6.5% jobless threshold FT / WSJ / NYT / B / R / AP / WSJ *


FINANCE

Mobile – Lenders Place Their Bets WSJ * *

Mobile – Banks Make Smartphone Connection WSJ *

Mobile – Smartphone payments app gets banks’ backing FT

Mobile – Incentives are coming for payments by phones AP / nyt

Mobile – Retailers push into crowded payment market R

Mobile – Soon more smartphones than bank accounts q * *

Mobile – China banking war heats up with launch of online investment app FT / CD

Mobile – Banking faces disruptive tech challenge from players like Google, Apple Aus *

Mobile – Apple Pushes Deeper Into Mobile Payments WSJ / FT

Mobile – Amazon to Offer Kindle Checkout System to Physical Retailers WSJ


REAL ESTATE

UK – London homes surge to record price gap with rest of country FT *

UK – Construction PMI Maintains Top Spot / b *


SERVICES

F&B – Coke Sticks to Its Strategy While Soda Sales Slide WSJ * *


MANUFACTURING

Autos – Big Car Makers in Race to Recall WSJ / FT * *

Autos – Washington ordeal for boss of ‘new GM’ FT *


TECH

PCs – Computer Shipments Declined Again in First Quarter WSJ *

PCs – End of Windows XP support spells trouble for some AP / R


TRADE & TRANSPORTATION

TTIP – Transatlantic trade deal draws public scepticism FT * *

TTP – Japan mulls slashing US beef tariffs N / K / R


COMMODITIES

Steel – China’s Robust Metal Imports Defy Slowdown WSJ *

Steel – Iron-Ore Bear Market Deepens as Aussie Mines Expand B

Steel – Global demand to slow as Chinese economy cools FT / m *

Steel – Europe’s makers remain under pressure despite rising demand FT *


ENERGY & ENVIRONMENT

Oil – Stocks slide at US hub hits physical traders FT *

Oil – Houston Fills With Crude That Can’t Be Shipped Out B / alpha * * * *


LABOR & EDUCATION



HEALTH



ENDNOTES

New Way To Determine If That Milk Carton Is Still Fresh bi * * *


9 April 2014

Tuesday, April 8th, 2014



Today’s Issue Cluster: Africa

China – Deadbeat shipyards stick banks with default bill
Alt – Shale Gas Boom Leaves Wind Companies Seeking More Subsidy
US – Beveridge Curve Starting to Look a Little More Normal


DATA POINTS

Germany – Feb: Trade surplus down; +€15.7b / AP *

UK – Feb: Trade Gap Narrows on Slide in Aircraft Imports; -£9.1b / B

Spain – Feb: House sales down; -23.9% / m *

Ghana – 2013: Economic growth lower; +7.1% from +8.8% / R

US – Feb: Wholesale inventories up; +0.5% from +0.8% / R / AP *


MARKETS

Bonds – Greece seeks to prove it has broken free of crisis mode FT / AP / q * * *

Bonds – Italy, Spain Narrow Gap With US, German Yields WSJ * *


ECONOMICS

Africa – Ebola outbreak among ‘most challenging’ ever: WHO AFP / R / R / B / WaPo * * *

Africa – Hits a bump on the road to prosperity FT *

Africa – Banks: Fragile dream FT *

Africa – African Investors Join Scramble WSJ *

Africa – ‘One size fits all’ marketing by global companies fails FT / FT

Africa – A burgeoning commercial axis with India ft * * * *

Africa – New battleground for global hotel industry FT *

Africa – Hopes population bulge may create prosperity seem to have been overdone E *

Africa – Ratio of Muslims to Christians / am *

Africa – Nigeria: Has become largest economy e *

Africa – Equatorial Guinea: Squandered riches FT / R / R * * * *

Africa – Sudan: Rage against the regime FT *

Africa – Sudan: In steepening decline E *

Africa – Kenya: ‘Rollicking haphazardly along’ E * *


POLITICS & FISCAL POLICY

Quebec – Separatist party suffers crushing defeat WSJ / AP / B / G&M / CP / CBC

Quebec – The ruling PQ has badly misjudged Quebeckers’ appetite for sovereignty E / G&M * * *

Quebec – Separatist Worries Resurface in Montreal WSJ *

Catalonia – MPs to stoke tensions with refusal of referendum request FT / WSJ / FT / FT

Scotland – Would face immediate £23b debt upon independence: thinktank G

Baluchistan – Separatists in Pakistan Claim Train Bombing That Kills 16 WSJ

Trans-Dniester – Leader wants independence AP

Ukraine – Separatists build barricades, Kiev warns of force R


MONETARY POLICY

BOJ – Refrains From Boosting Stimulus as Recovery Seen FT / WSJ / AP / R / B / N / B / B


FINANCE

China – Deadbeat shipyards stick banks with default bill R *


REAL ESTATE



SERVICES



MANUFACTURING

Defense – Russia’s militarism has caught NATO with its guard down after years of cuts FT *


TECH

Telecoms – Comcast Argues for Time Warner Cable Deal WSJ / FT / NYT / R / AP / B

Telecoms – Sprint Could Throw Broadband Up in the Air WSJ *

Telecoms – The people who aren’t ready to cut just yet q *

Telecoms – AT&T Experiment Would Cut Landline in Alabama Town WSJ * *


TRADE & TRANSPORTATION



COMMODITIES

Coffee – Ritzier Brews Contract Conflicts WSJ / WSJ * *


ENERGY & ENVIRONMENT

Alt – Germany, EU clinch deal on renewable surcharge rebate R / WSJ / NYT

Alt – Shale Gas Boom Leaves Wind Companies Seeking More Subsidy B

Alt – Ukraine stand-off aids renewables’ case FT *


LABOR & EDUCATION

US – As Wage Debate Rages, Some Have Made the Shift WSJ * *

US – Beveridge Curve Starting to Look a Little More Normal wsj *


HEALTH

Pharma – Takeda ordered to pay record $6b over diabetes drug claim FT / WSJ / NYT / R / AP / B / FT *


ENDNOTES

Which Coffee Chains Dominate North America bi *


8 April 2014

Monday, April 7th, 2014



Today’s Issue Cluster: India



DATA POINTS

Japan – Feb: Posts 1st current account surplus in 5 months; +$5.9b / R / B / K / WSJ

UK – Feb: Industrial Output Surges More Than Forecast; +0.9% from 0.0% / B / m *

South Africa – Mar: Business confidence rises; 92.7 from 91.9 / R

Canada – Mar: Housing starts slow; 157k from 191k / R

US – Feb: JOLTS Jobs Openings Increase; 4.2m from 3.9m / cr *

US – Feb: Consumer borrowing up; +$16b from +$13b / AP / R / WSJ

US – Mar: NFIB Small Business Optimism Index Increases; 93.4 from 91.4 / cr / r *


MARKETS

Greece – Draws up plans for market return FT *


ECONOMICS

India – Hard-Liner Narendra Modi Leads in Prime Minister Race WSJ / FT / E / AFP / ft * * * * *

India – Young people are switching from Congress to the BJP FT * * * *

India – ‘Rapid social change and assertive voters will improve democracy’ E * *

India – Stock Markets Rallying on Hopes of Business-Friendly Leadership WSJ /FT * *

India – ‘Graft is damaging the economy’ E * *

India – Seeks to shed ‘fragile five’ tag as economy improves FT * *

India – More to rupee recovery than Modi mania FT *

India – Potential banking market is huge but newcomers face an uphill battle FT *


POLITICS & FISCAL POLICY

Ukraine – Protesters Seek Russian Troops NYT / FT / WSJ

Ukraine – Merkel Treads Softly With Putin WSJ *


MONETARY POLICY



FINANCE

EU – Deal on bank failures risks unravelling FT

US – Bank Regulators Set Vote on Big Jump in Capital Requirements FT / WSJ / FT / WSJ *


REAL ESTATE

India – Luxury hotels swap keys in economic slump R * *


SERVICES

Retail – Perseverance pays for Mukesh Ambani and his India foray R *

Retail – India elections could be bad news for Walmart q *


MANUFACTURING

Tractors – India fertile ground FT / WSJ * *


TECH

Chips – India Wants to Build Its Own Supply to Satisfy Electronics Demand BW *

Chips – Wearable Chip Maker Emerges in India With Big Backers wsj

Chips – Makers Seen Growing With Connected Devices, LTE IBD


TRADE & TRANSPORTATION

Japan/Australia – To Slash Tariffs on Beef, Cars in Trade Deal B / AP / ABC / SMH / AS / FT / WSJ / R

TPP – US attacks Japan’s stance FT / WSJ


COMMODITIES

Platinum – Ample stocks help metal resist strike effect FT


ENERGY & ENVIRONMENT

Oil – Prices fall after agreement to lift Libya blockade FT * *

Oil – OPEC output falls on Iraq exports setback / r *

Oil – The ‘Crude Wall’ cometh ft * *

Oil – US Production Concentrated in Few States wsj *

Oil – Fossil fuel production 2003-2012 cd *


LABOR & EDUCATION

India – Risks squandering advantage as it faces urban jobs crunch FT


HEALTH

Retail – Why walk-in health care is a fast-growing profit center for retail chains WaPo


ENDNOTES

Colors of Post/Mail Boxes Across the World im *


7 April 2014

Monday, April 7th, 2014



Today’s Issue Cluster: US Labor

LNG – Blast at facility casts spotlight on natural gas safety
Pharma – Breast Cancer Drug Shows ‘Groundbreaking’ Results
China – If property market falters, ordinary families have more to lose


DATA POINTS

Japan – Feb: Composite index suggesting future economic condition dives; 108.5 from 113.1 / K

Germany – Feb: Industrial production posts rise; +0.4%, +4.8% yr / AP / m / WSJ * *


MARKETS

EMs – Investors rekindle their love ft *


ECONOMICS

Nigeria – Almost doubles GDP in recalculation FT / B / AP / B / WSJ *


POLITICS & FISCAL POLICY

Ukraine – Pro-Russians say east region independent AP / R / WSJ / FT / WSJ

Ukraine – Transnistria becomes the frontline in east-west struggle FT *

Ukraine – Stand-off over $2.2b gas bill FT / FT / WSJ *

Ukraine – West’s targeted Russian sanctions ensnare investors R

Ukraine – Europe Leaders Contend With Defenders of Putin WSJ / R


MONETARY POLICY

Fed – Weak Wage Growth Likely to Stay Fed’s Hand on Rates WSJ / wsj *

Fed – The Downward Drift in Inflation-Adjusted Interest Rates wsj *


FINANCE

China – Property groups’ bank stakes stir unease among regulators FT

China – If property market falters, ordinary families have more to lose C *


REAL ESTATE

Construction – Lafarge, Holcim Approve Merger WSJ / FT / B / FT / WSJ / FT * *


SERVICES



MANUFACTURING

3D Printing – Moves up to the next layer with metal creations FT

3D Printing – Makers Get Reality Check WSJ *


TECH

Games – Profound Transition, Globalizing Demand IBD


TRADE & TRANSPORTATION

Air – As World Cup Approaches, Brazil Rushes to Redraw Air Routes WSJ *


COMMODITIES

Mining – Falling prices put pressure on high-cost copper miners FT / B *

Mining – Mongolia counts cost of copper mine delay FT

Mining – South Africa $18b Rail Plan Lifts Exports B


ENERGY & ENVIRONMENT

LNG – Blast at facility casts spotlight on natural gas safety R *


LABOR & EDUCATION

US – Labor Market Reaches a Milestone on Lost Jobs WSJ / B / AP / NYT / cr / cr / Ore * * * * * *

US – Labor market emerges from winter blues FT * *

US – It’s Still Bad for the Long-Term Unemployed nyt/a> / nyt * * *

US – ‘Ignore ADP’ wsj * *

US – Temp Jobs Surge as Firms Contain Expenses WSJ *

US – Expect Surge in Temp Jobs to Continue wsj *

US – ‘Quits Rate’ Suggests Sluggish Job Market WSJ / wsj *

US – Jobs market dropouts increasingly likely to stay out R

US – Just 11% of long-term unemployed find jobs AP / FT / R / nyt / nyt * *

US – Hopes Dwindle for Long-Term Unemployed wsj *

US – Unemployed & Underemployed Persons per Job Opening / b *

US – Prison numbers curb US freedom to raise employment rate FT *

US – Uneven Wage Gains Restrain Recovery WSJ *

US – 1 in 13 minimum wage workers has a college degree wapo *

US – The Gray Jobs Enigma NYT


HEALTH

Pharma – Breast Cancer Drug Shows ‘Groundbreaking’ Results NYT


ENDNOTES

Tea Vs Coffee Consumption Around The World im *


4 April 2014

Thursday, April 3rd, 2014



Today’s Issue Cluster: Natural Gas



DATA POINTS

Germany – Feb: Industry orders rise; +0.6% from +0.1% [was +1.2%] / R / B

Russia- Mar: Inflation Rate Climbs to Nine-Month High on Weaker Ruble; 6.9% from 6.2% / B

Canada – Mar: Jobless rate fell; 6.9% from 7.0% / B / R / G&M / FP / CBC *

US – Mar: Payrolls Rose; +192k from +197k [was +175k] / B / NYT / FT *

US – Mar: Unemployment rate steady; 6.7% / AP / R / WSJ *


MARKETS

Debt – Cheap credit is tempting emerging markets towards risky borrowing E *

Debt – Investors Clamor for Risky Offerings WSJ * *

Debt – For Borrowers, Bonds Are Beautiful WSJ *


ECONOMICS

EU – Manufacturing powers eurozone’s nascent recovery FT * * * *

EU – Anger simmers in Cyprus despite bailout ‘success’ FT *

EU – UK Economy to Grow Faster Than Expected WSJ * *

EU – UK PMI data signal strong end to Q1, but weaker expansion / m *

EU – Oilmen, bankers and utilities blamed for fall in UK productivity FT *


POLITICS & FISCAL POLICY

US – Trade Gap Widens, Spurring Downshift in GDP Projections WSJ / wsj * *

US – Can Twitter Predict the Economy Better Than Wall Street Economists? wsj *


MONETARY POLICY

ECB – Says prepared to embrace QE FT / WSJ / FT / FT / FT *

ECB – Draghi Quips IMF Should Extend Its ‘Generous’ Advice to Fed B / q *


FINANCE

China – Cash Shortage Brings IOUs to Fore WSJ *


REAL ESTATE



SERVICES

Consumer – Discounts Are Piled On as Americans Buy Fewer Basics WSJ * *


MANUFACTURING

Ship – Builders: full steam ahead FT

Ships – Default looms for China’s biggest private builder FT / q *


TECH



TRADE & TRANSPORTATION



COMMODITIES

Commods – Traders turn optimistic FT / FT *


ENERGY & ENVIRONMENT

NatGas – Ukraine in ’emergency’ talks with European neighbors over imports R

NatGas – ‘Europe’s dangerous addiction to Russian gas needs radical cure’ FT / AP * *

NatGas – Reducing Europe’s dependence on Russian gas will take time E * * * * *

NatGas – US offers Europe hope on LNG FT / FT *

NatGas – Gazprom’s $910b Gaffe Shows Putin Economy Waning B *

NatGas – Russia looks east as it seeks to rebalance trade interests FT *

NatGas – Asian Demand Spawns Floating Superfactories WSJ *


LABOR & EDUCATION

EU – More Promises but Few Solutions for Europe’s Illegal Migrants WSJ / WSJ *

EU – Italian Leader’s Jobs Push Focuses on Youth WSJ *


HEALTH



ENDNOTES

Peak Birth Month And Latitude Are Closely Linked bi *


3 April 2014

Wednesday, April 2nd, 2014



Today’s Issue Cluster: Alternative Energy

Air – From periphery to core: EM to dominate global travel
Whales – Japan hunts in doubt after court ruling
H7N9 – HKU team hail flu vaccine ‘breakthrough’


DATA POINTS

China – Mar: Official services PMI steady; 54.5 after 55.0 / b *

China – Mar: HSBC services PMI ticks up; 51.9 from 51.0 / R / m / b * *

EZ – Feb: Retail trade up; +0.4%, +0.8% yr / eu *

EZ – Mar: Markit composite PMI fell; 53.1 from 53.3 / WSJ / R / m *

EZ – Mar: Markit services PMI slipped; 52.2 from 52.6 / B

Germany – Mar: Markit services PMI eases; 54.3 from 56.4 / R / m *

France – Mar: Markit services PMI strongest since Jan 2012; 51.5 from 47.2 / R / m *

UK – Mar: Markit services PMI remains robust; 57.6 from 58.2 / B / R / m *

Italy – Mar: ADACI Services PMI signals renewed decline; 49.5 from 52.9 / m *

Spain – Mar: Markit services PMI grows for fifth straight month; 54.0 from 53.7 / R / m *

Ireland – Mar: Investec Services PMI rose; 60.7 from 57.5 / m *

Russia – Mar: HSBC Composite PMI signals fastest drop since May 2009; 47.8 from 50.2 / FT / m *

Egypt – Mar: HSBC PMI falls slightly; 49.8 from 50.0 / m *

South Africa – Mar: HSBC PMI falls; 50.2 from 51.5 / R / m *

Brazil – Mar: HSBC Composite Output Index up; 51.0 from 50.8 / m *

US – Mar: Markit services PMI accelerates; 55.3 from 53.3 / R / m

US – Mar: ISM Nonmanufacturing Sector Rebounds as Weather Improves; 53.1 from 51.6 / WSJ / AP *

World – Global #PMI edges higher as service sector growth accelerates / m *

World – Global output (ranked by mfg production) / m *

Canada – Feb: Posts trade surplus; +C$290 from -C$377 / R *

US – Week: Jobless claims edge unexpectedly higher; +16k to 326k / R / WSJ / AP / B *

US – Feb: Trade deficit widens as exports fall; -$42b from -$39b / R / AP / B / WSJ *


MARKETS

Currencies – Yuan Investors Pull Money From China WSJ

Currencies – Diverging Fortunes Hit Asia WSJ *


ECONOMICS

China – Unveils Mini-Stimulus Measures WSJ / B / R / FT *

China – Stimulus Puts New Focus on Growth Target WSJ / FT / AP / NYT / NYT *

China – Factory output points to stabilization FT *

China – Factoring in Machinery Maker Blues WSJ *

China – Struggling groups pad out bottom lines FT * *

China – Economy Under Mounting Stress WSJ / B

China – Finds New Investment Opportunities in Germany WSJ / R *


POLITICS & FISCAL POLICY

Ukraine – Russian economy contracts in Q1 and inflationary pressures build m *

Ukraine – Russia Says It Has Weathered the Worst of the Economic Storm WSJ *


MONETARY POLICY

ECB – Keeps option for stimulus alive FT / WSJ / R / B / NYT / AP

ECB – Spain looks to avoid deflation trap FT *

BOE – Carney says interest rates may rise ahead of election R

BCB – Brazil Raises Key Rate for Ninth Straight Meeting to 11% B / WSJ / R

World – Credit bubble fears put central bankers on edge FT *


FINANCE

US – Small Banks Look to Sell as Rules Bite WSJ *


REAL ESTATE

China – Stuttering housing market outside biggest cities a grave threat FT * * *

China – New Home Prices Moderate in March WSJ / CD / X / CD / C *

China – Hard to Construct a Case for Property Rebuild WSJ *

China – Defaults Sow Property Cash Crunch Concern B

China – Big Five Banks Step Up Bad Loan Disposals WSJ *

China – Shadow banks at risk of a property crash FT


SERVICES

TV – Amazon joins screen battle with Fire video streaming device FT / WSJ / R / AP / NYT / IBD / wsj * *

TV – People are watching more internet TV q * *


MANUFACTURING

Planes – Boeing Expands Airbus Rivalry to Tanker Market WSJ / R

Planes – ANA Makes Big Order for Airbus, Boeing Planes WSJ / FT / R / AP / NYT / B

Planes – Airbus, Boeing positive on LatAm sales R / R

Planes – Is the US Ready for a Cut-Rate Jet Fighter? WSJ *


TECH

Internet – MEPs vote to protect net neutrality FT / WSJ / NYT / AP / NYT / WSJ / wsj / wsj

Internet – Opponents Circle Web-Oversight Plan WSJ


TRADE & TRANSPORTATION

Air – EU Parliament Spares Foreign Flights Emission Caps Through 2016 B

Air – From periphery to core: EM to dominate global travel ft * * * *


COMMODITIES

Whales – Japan hunts in doubt after court ruling FT / WSJ / AP / AFP / q * * *


ENERGY & ENVIRONMENT

Alt – Investors Warm to Green Bonds WSJ *

Wind – Merkel Agrees to Ease Cuts in Aid to Appease Regions B / WSJ

Wind – Floating Farms Venture Farther Out to Sea BW *

Wind – New Technologies Are Helping Compete on Price NYT *

Wind – % of electricity generated, by state / am *

Tide – China’s New Wager: Pulling Energy From the Ocean WSJ * *

Solar – Clouds Shroud China’s Bloated Sector WSJ *

Solar – Coal crunch gives impetus to India’s switch AP

Solar – Investors Take a New Shine WSJ *

Solar – First Solar Seeking Growth to Replace Giant Desert Plants B

Solar – Pilots complain of plant glare PE * *


LABOR & EDUCATION

Germany – Cabinet Adopts Minimum Wage Bill WSJ / R *

US – Chance of Minimum Wage Rise So Remote Lobbyists Pay Little Heed B / NYT / wsj *

US – Democrats Consider Smaller Minimum-Wage Increase WSJ


HEALTH

H7N9 – HKU team hail flu vaccine ‘breakthrough’ SCMP


ENDNOTES

World preferences: Comparing apples with oranges e *


Labor2

US – Jobs market dropouts increasingly likely to stay out R

US – Expect Surge in Temp Jobs to Continue wsj *

US – Just 11% of long-term unemployed find jobs AP / FT / R / nyt / nyt * *

US – Private Employment Slowly Reclaims Pre-Downturn Peak NYT
G

US – Manufacturing hubs face uphill struggle to create jobs R * * *

US – ‘Quits Rate’ Suggests Sluggish Job Market WSJ / wsj *

US – Those With Jobs Are More Secure Even as Hopes Dwindle for Long-Term Unemployed wsj *

US – Unemployed & Underemployed Persons per Job Opening / b *

US – Prison numbers curb US freedom to raise employment rate FT *

US – Uneven Wage Gains Restrain Recovery WSJ *

US – The Gray Jobs Enigma NYT