Bz Nwz




---

Today’s Issue Cluster: Africa

US – ‘Criminalising the American company’
Ship – Canadian Ports Win on US Labor Concern
Oil – Shale in Texas Keeps Gas Prices Affordable



---

MAJOR DATA POINTS

Japan – Jul: Core Inflation Rate Stays Steady; 3.3% from 3.3% / WSJ / B / FT *

Japan – Jul: Industrial production rises slightly; +0.2%, -0.9% yr / AP / B

EZ – Jul: Worrying inflation sags again; 0.3% from 0.4% / AP / R / FT / B / NYT / WSJ * *

Brazil – Q2: Economy slips into a recession; -0.6% from -0.2% / AP / R

US – Jul: Consumer Spending Declines; -0.1% from +0.4% / WSJ / B / R

US – Aug: UMich consumer sentiment rises; 82.5 from 81.8 / R / B / cr *



---

MARKETS

Currencies – ‘Fragile Five’: Back under pressure FT * * *

Currencies – Peso: Argentina’s Low Foreign Reserves Hit WSJ *

Currencies – Rouble: Hits record low against the dollar FT / WSJ

Currencies – Rouble: Weakness aids Russian metals groups Rusal and Evraz FT

Currencies – Rupee: India Central Bank Seen Intervening to Weaken WSJ *

Currencies – Won: Current Account Surplus Adds Pressure B *

Currencies – Yen: BOJ Pushing for Greater Global Role WSJ *

Currencies – Franc: Puts Spotlight on Swiss Central Bank WSJ

Currencies – Bitcoin: Tech race fuels mining bubble FT / R * * *

Currencies – Bitcoin: On To-Do List, Put Cash Into ATM nyt *



---

ECONOMICS

Africa – Ebola Sickens Economies B / BW / AFP / WSJ * *

Africa – Ebola virus piles pressure on iron ore miners FT

Africa – Bond Sales Losing Allure WSJ *

Africa – Banks Vie for a Piece of Mobile Banking Market WSJ *

Africa – China-aided line likely to transform regional trade N *

Africa – Rail Lines / im *

Africa – Can it survive such speedy growth? E * *

Ethiopia – Becomes China’s China in Search for Cheap Labor B / BW *

Nigeria – Unrest Takes Toll on Economy, Currency WSJ * *

Nigeria – Can Moguls Untangle Power Lines? WSJ *

Zimbabwe – No blank cheque for Robert Mugabe from China FT * *

Angola – Oil reserves boost growth but wealth remains concentrated FT * * *



---

POLITICS & FISCAL POLICY

US – ‘Criminalising the American company’ E * * *



---

MONETARY POLICY

ECB – Draghi Pushes Closer to QE as Deflation Risks Rise WSJ / B / R / WSJ / FT * *

ECB – ‘Keeps putting up the cash, but where’s the lending?’ r *



---

FINANCE

US – Banks Boosted Lending in Q2, FDIC Says WSJ *

US – Nonbank Mortgage Lenders Bounce Bank WSJ *

US – Subprime Auto Lending Rise Not Yet Worrisome: NYFed wsj * *

US – Banks Retreat From Market That Keeps Cash Flowing WSJ / FT / WSJ *



---

REAL ESTATE

EU – Deflating the bubbles will not be easy E / E * *

EU – UK: London Property Market Falters as Buyers Resist Higher Prices B



---

SERVICES

Online – Wal-Mart Looks for Chinese Growth WSJ

Online – Amazon takes aim at Chinese rivals in Shanghai’s free-trade zone FT / WSJ



---

MANUFACTURING




---

TECH




---

TRADE & TRANSPORTATION

Ship – Chinese Operators Missing Out on Global Trade Rebound WSJ

Ship – Canadian Ports Win on US Labor Concern B



---

COMMODITIES

Water – US: California Drought Squeezes Wells WSJ *

Water – US: Profiting From California’s Epic Drought BW / AP *

Water – Iran: Dried out FT * *



---

ENERGY & ENVIRONMENT

Oil – Shale in Texas Keeps Gas Prices Affordable NYT *

Oil – US surge restrains prices despite heightened global turmoil G&M *

Oil – Too much light and a dearth of heavy in Americas G&M *

Oil – Locals tap majors’ Niger delta retreat FT *



---

LABOR & EDUCATION




---

HEALTH

Ebola – US health official: Ebola has ‘upper hand’ AP / FT / AP / WSJ *

Ebola – WHO warns of ‘shadow zones’ and unreported cases R *

Ebola – Crisis Worsens for Lack of Global Help WSJ *

Ebola – Drug Used for Related Virus Shows Promise NYT / R / WSJ



---

ENDNOTE

Technohyperbole: The annual “hype cycle” chart from Gartner e *



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---

Today’s Issue Cluster: China Economy

Media – ‘Hollywood dances to Beijing’s beat’
Iron – Market is sinking under the weight of new supply
Coal – China: Port Seen as Economic Barometer Set for Record Supply



---

MAJOR DATA POINTS

Germany – Aug: Unemployment Rises; +2k to 2.901m / B / AFP

Germany – Aug: Low Inflation Puts Pressure on ECB; 0.8% from 0.8% / WSJ / B *

US – Q2: Economy Expands More Than Previously Forecast; +4.2% was +4.0% / R / WSJ / B / AP *

US – Jul: NAR Pending-Home Sales Rose; +3.3% from -1.3% / WSJ / B / R *

US – Week: Jobless Claims Little Changed; -1k to 298k / AP / WSJ / R / B *



---

MARKETS

Currencies – Aussie: Defiance of Iron Ore Erodes on Fed Bets B *



---

ECONOMICS

China – Little Improvement Seen from Economic Stimulus Measures WSJ / FT / R *

China – ‘Economic recovery momentum tails off’ CD *

China – Credit Growth Declines Sharply WSJ

China – Cracks Down on Money Leaking Out of Its Borders WSJ *

China – Top Graft Buster Probing Thousands WSJ * *

China – Reform Pace Suggests Beijing Thinks It Can Wait WSJ

China – Beijing Faces Pressure to Spur Economic Growth WSJ *

China – Kicks off second round of privatisation FT * * * *

China – European companies slam antitrust probes FT / WSJ / B

China – Western brands strive to click with shoppers FT

China – Local Officials Push for Factories to Move Inland NYT

China – Small cities steer away from GDP as measure of success FT

China – Damps Asia’s Export Rebound wsj *



---

POLITICS & FISCAL POLICY

US – Deficit Forecast Trimmed as Rates Stay Low WSJ *

US – Medicare, Social Security Disability Fund Headed in Different Directions WSJ * *



---

MONETARY POLICY

World – Central bankers face ‘confidence bubble’ FT * *



---

FINANCE

China – PBOC Resolve Tested as $6t Shadow Banking Industry Sours B

China – Profit Growth Rises at Bank of China, but so Do Bad Loans WSJ / B / WSJ

China – Banks get serious about risk of bad debts swell R / B / NYT / WSJ / FT

China – Beijing Pushes Cleanup of Banks WSJ



---

REAL ESTATE

China – Sales volume in top 30 cities down 31% YoY / b *

China – Developers offer hefty discounts in strained homes market FT

China – Property bubble is ‘major risk’ FT / N * * *

China – Local governments depend on land sales for half of their budget q *



---

SERVICES

Media – Hollywood laments summer of plummeting cinema receipts FT / BW *

Media – ‘Hollywood dances to Beijing’s beat’ N / N / N / N * *



---

MANUFACTURING

Auto Parts – India competition watchdog fines carmakers over spare parts FT / R / B

Autos Parts – China: Fines 10 Japanese makers over price collusion FT / WSJ / R / NYT / B / AP / AFP / R / WSJ

Auto Parts – Giants Hunt for Mergers WSJ *



---

TECH




---

TRADE & TRANSPORTATION




---

COMMODITIES

Iron – Tumbles to two-year low FT *

Iron – Market is sinking under the weight of new supply r *



---

ENERGY & ENVIRONMENT

Coal – China: Falls victim to energy policy FT * * *

Coal – China: Consumption Falls RT / X * *

Coal – China: Port Seen as Economic Barometer Set for Record Supply B

Coal – China: ‘Gas boom in China holds climate change risks’ AP

Coal – India: Court ruling fuels confusion FT / WSJ / FT / R / NYT / WSJ * * *

Coal – Germany: ‘Needed to balance dependency on Russian gas’ R

Coal – US: NC Lawmakers Approve Legislation to Regulate Ash WSJ



---

LABOR & EDUCATION




---

HEALTH

Demog – Asia: The clock is ticking N * * * * *

Demog – Asia: Sweet Spots / b *



---

ENDNOTE

Historical map of driving standards, beginning with Finland’s change in 1858 motw *



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---

Today’s Issue Cluster: Crops

Carbon – Obama Pursuing Climate Accord in Lieu of Treaty
US – Construction of Rentals Is Taking Off
Rail – Grain Piles Up as Trains Move ND Oil



---

MAJOR DATA POINTS

Germany – Sep: GfK consumer climate falls; 8.6 from 8.9 / R *



---

MARKETS

EMs – Argentine default fails to halt emerging market bond rally FT * * *

EMs – Is the BRICS Contingent Reserve Arrangement a Substitute for the IMF? cfr *

EMs – Is the BRICS Bank More “Democratic” Than the World Bank? cfr / N *



---

ECONOMICS




---

POLITICS & FISCAL POLICY




---

MONETARY POLICY

MNB – Hungary Leaves Key Rate Unchanged After Two Years of Cutting WSJ / B



---

FINANCE

Insurance – California quake losses seen in the billions R *

Insurance – Buffett, Greenberg Target Asia WSJ *



---

REAL ESTATE

US – Buyers Not Clamoring for New Homes WSJ *

US – Fewer Homes Underwater in Second Quarter WSJ *

US – With Rentals in Fashion, Apartment Construction Hits 25-Year High wsj * *

US – Construction of Rentals Is Taking Off NYT * * *

US – Homes Built for Rent Claim Smaller Share wsj *

US – Foreclosed-Property Sales Fall to Lowest Levels Since 2008 wsj * *



---

SERVICES

E-Cigs – WHO Calls for Tougher Rules WSJ / FT

E-Cigs – Big Tobacco’s Push Gets a Reality Check WSJ *

E-Cigs – Reynolds, Altria Lead Smokers Toward Tobacco’s New Era IBD



---

MANUFACTURING

Aerospace – Fighting Junk: The Next Generation WSJ / WSJ *



---

TECH




---

TRADE & TRANSPORTATION

Rail – Grain Piles Up as Trains Move ND Oil NYT

Rail – Cargo Rates Trigger Shipper Backlash B



---

COMMODITIES

Crops – China Is Awash in Grain WSJ *

Crops – Corn: US Farmers Up to Their Ears WSJ / FT / AP / B *

Crops – Soybeans: Forecast for Record Harvest Pressures Prices WSJ *

Crops – Corn/Soybean: Yields Shoot Higher WSJ *

Crops – Farmland: Midwestern Values Flatten as a Hot Market Cools WSJ / FT / WSJ

Crops – GMO: Monsanto Expects 2014 U.S. Approval for New Soybean Seeds WSJ / NYer

Crops – GMO: Fight Ripples Down the Food Chain WSJ / AP / *

Crops – Sugar: US Plans Duties on Imports from Mexico WSJ / FT / R / WSJ

Crops – Cranberries: Giant Adds Real Estate to the Mix WSJ *

Crops – Potatoes: Falls From Grace WSJ *

Crops – Oranges: Private Forecaster Puts Florida Crop at 50-Year Low WSJ

Crops – Oranges – US Juice Sales Fall to Record Low WSJ *

Crops – Olive Oil: Spanish Drought Prompts Fears of Widespread Shortage WSJ / AFP *

Crops – Hazelnuts: High prices torment confectioners FT / AFP / wapo * * *

Crops – Almonds: The rise of in the US wapo *

Crops – Cotton: Price Unravels as Supplies Rise WSJ / FT / WSJ

Crops – Rubber: Glut Seen Shrinking as 28% Price Decline Deters Tapping B / N / FT / WSJ

Crops – Rubber: Industry races to turn dandelions into tires R

Crops – Insects: A boon to Thailand’s farmers AP / mit

Crops – Honey: Record drought saps California production AP

Crops – Pesticides – Public concern grows over bee deaths G&M

Crops – Pesticides: Invader Batters Rural America NYT / AP



---

ENERGY & ENVIRONMENT

Carbon – Obama Pursuing Climate Accord in Lieu of Treaty NYT



---

LABOR & EDUCATION




---

HEALTH




---

ENDNOTE

Top 32 Highest-Paid Players in Several Sports WSJ / t *



---




---

Today’s Issue Cluster: Ukraine Crisis

E-Cigs – Should be banned for minors: US heart association
Australia – Is the model in trouble?
OSs – China Developing Software to Take on Microsoft, Google and Apple



---

MAJOR DATA POINTS

US – Jul: Durable Goods Surge on Aircraft Demand; +22.6%, -0.8% w/o transp / B / WSJ / R *

US – Jun: S&P/Case Shiller home prices declined; -0.2%, +8.1% yr / R / B *



---

MARKETS

Stocks – US: S&P 500 passes 2,000 for the first time FT / WSJ * *

Stocks – China: Shares Gain as Investors Seek Safety in Blue Chips WSJ *

Stocks – China: New Stocks Link Seen Carrying Risks WSJ

Stocks – EU: Top UK Fund Manager Says Equities Are Overvalued WSJ *

Stocks – EU: Investors Rethink Bets on Europe Shares WSJ * *

Stocks – EU: Down but not altogether out FT * * *

Stocks – Asean: Southeast Asia strong on solid economies N / R *



---

ECONOMICS

Australia – Is the model in trouble? ft * * * *



---

POLITICS & FISCAL POLICY

Ukraine – Poroshenko calls snap parliamentary elections FT / B

Ukraine – Economy is broken down FT * * *

Ukraine – Russia Pressures McDonald’s WSJ / AFP / AP / AFP / q * *

Ukraine – Russia sanctions take toll on Germany FT

Ukraine – Rabobank and Raiffeisen warn on impact of sanctions FT

Ukraine – Statoil Warns of Russian Delays as Sanctions Bite WSJ

Ukraine – Westinghouse urges EU to break dependency on Russian nuclear fuel FT *

Ukraine – South Stream gas project may now be a pipe dream FT / NYT / AP / NYT *

Ukraine – Europe’s Brewers Hit by Lower Russian Spending WSJ *

Ukraine – Russia rushes to diversify import sources N *

Ukraine – Countries Hardest Hit By Russia’s Trade Ban / statista *

Ukraine – Surge in Putin Patriotism Masks Pain of Sanctions B

Ukraine – Rosneft hit by western sanctions as $2b Vitol deal scrapped FT

Ukraine – Russian agriculture struggles to meet self-sufficiency FT * * * * *



---

MONETARY POLICY




---

FINANCE

Australia – Great borrower grief FT *



---

REAL ESTATE




---

SERVICES

E-Cigs – Under Scrutiny for Listing as Flight Hazard NYT

E-Cigs – Imperial to Be Blu Even as Sales Lag B

E-Cigs – State Attorneys General Urge Tougher Curbs WSJ / NYT

E-Cigs – Should be banned for minors: US heart association AFP / R / NYT / AFP

E-Cigs – Heart group: Might help smokers quit AP / B



---

MANUFACTURING




---

TECH

OSs – China Developing Software to Take on Microsoft, Google and Apple NYT / X



---

TRADE & TRANSPORTATION

Ship – Container rise bodes well for world trade AP

Ship – Surprise Summer Traffic Surge Snarls Rotterdam Port WSJ *

Ship – Panama Weighs Another Canal Expansion B / AP / E * *



---

COMMODITIES

Metals – Aluminum: Ford Truck Plan Picks Up Speed WSJ

Metals – Gold: India’s Appetite Improves WSJ *

Metals – Copper: Peru to become world’s second-largest producer FT

Metals – Silver: Physical bar and coin demand vs industrial applications / t *



---

ENERGY & ENVIRONMENT




---

LABOR & EDUCATION




---

HEALTH

Pharma – Chinese R&D marks step forward FT * *

Pharma – DEA Restricts Narcotic Pain Drug Prescriptions WSJ *

Pharma – ‘Plantibodies’ drugs advance as big companies stand aside R

Pharma – Pharmacies Pit Insurers vs. Compounders NYT



---

ENDNOTE

Y-DNA human migration motw *



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---

Today’s Issue Cluster: Monetary Policy

Aluminum – Chrysler’s Ram pickup may stick with steel through 2020
Wearable Cameras – Companies stand to profit from Ferguson
Blood – Industry Hurt by Surplus



---

MAJOR DATA POINTS

Germany – Aug: Ifo Business Confidence Weaker than Expected; 106.3 from 108.0 / WSJ / B *

US – Jul: New Home Sales Fall; -2.4% from -7.0% / R / WSJ / B * *



---

MARKETS

Bonds – Yield-Starved Investors Take Bigger Risks WSJ *

Bonds – US Issuance Nears $1t WSJ / FT *



---

ECONOMICS

EU – Spectre of ‘lost decade’ FT / B * * * *

EU – France: Hollande Asks Prime Minister to Form New Government WSJ / FT / AP / AFPR / R / B

EU – France: Slide in construction highlights Hollande’s woes FT / FT * * * *

EU – Italy: Renzi Struggles to Find Funds for Economic Plan WSJ / FT *



---

POLITICS & FISCAL POLICY

US – Burger King in Talks to Buy Tim Hortons in Canada Tax Deal WSJR / NYT / FT / AP / B / FP

US – In Inversion Deals, UK Is a Winner WSJ *



---

MONETARY POLICY

World – Job concerns dominate Jackson Hole debate FT / B / AP / FT / WSJ / FT * *

World – Computers reshaping global job market, for better and worse: paper R / wsj

Fed – Yellen Sees Significant Under Use of Labor Resources B / WSJ / FT / NYT / R / WSJ / R * * *

Fed – Rate-Hike Debate Heating Up WSJ / FT / NYT / R / B / BW *

Fed – Bets It Won’t Wait Too Long on Rates WSJ / B *

Fed – Yellen Hawks a Foggier Rate Future WSJ *

Fed – Yellen Referenced This 19-Component Labor Market Index At Jackson Hole bi *

Fed – Bullard Has Fed History on His Side in Rate-Hike Debate with Yellen cfr *

ECB – Eurozone inflation trend raises alarm FT *

ECB – Draghi softens tone on austerity FT / WSJ / NYT / FT * *

BOE – Admits mistake over labour market growth FT

BOJ – May ease policy for ‘some time’ to slay deflation: Kuroda R *



---

FINANCE

UK – Possibility of ‘Brexit’ threatens London’s prospects FT

UK – British Banks Most Exposed to China wsj * *

UK – Banks horse-trade on ringfence fine print FT *



---

REAL ESTATE

UK – London rally spreads to lower-priced homes FT * * *

UK – London’s costly construction E *

UK – Rich Russians Think About Sanctions, but Keep Buying Mansions WSJ



---

SERVICES

Ads – Amazon Prepares Online Advertising Program WSJ

Ads – Online Firms Fight Losses as Revenues Rise WSJ

Ads – Skipping Skews Upscale WSJ *



---

MANUFACTURING

Robots – China Outmanned in Electronics Automation WSJ *



---

TECH

Wearable Cameras – Companies stand to profit from Ferguson CBC



---

TRADE & TRANSPORTATION

Air – Iceland Evacuates People Living Near Volcano WSJ / AP / q / bi * * * *

Air – Iceland lowers aviation alert level from volcano AP

Air – Sparks Fly on Privatizing US Traffic Control WSJ



---

COMMODITIES

Aluminum – Chrysler’s Ram pickup may stick with steel through 2020 R

Gold – Interest-Rate Fears Trample WSJ / FT *

Gold – Dangerous Economy Thrives in South Africa’s Abandoned Mines WSJ *

Palladium – May Be Headed for a Fall WSJ *

Zinc – Chinese Exports Threatens Biggest Jump in 5 Years B *



---

ENERGY & ENVIRONMENT

Oil – US Producers to Pump Up Lobbying to Remove Export Ban WSJ *

Oil – Drivers Won’t Get China Market’s Engine Racing WSJ *

Oil – Investors bet on future supply risks FT * * *

Oil – As Venezuelan deliveries wane, allies tap traders for pricey fuel R



---

LABOR & EDUCATION




---

HEALTH

Blood – Industry Hurt by Surplus NYT



---

ENDNOTE

Segments of the London Underground that are actually located Underground motw *



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---

Today’s Issue Cluster: Japan Economy

Currencies – Ruble: Russia pushes ahead with free float plans
US – Two Good Omens for Housing Market
Pot – Hemp homecoming: Rebirth sprouts in Kentucky



---

MAJOR DATA POINTS

Japan – Jul: Export rebound offers hope for economic growth; +3.9% from -1.9% / R / B / AP / FT *



---

MARKETS

Currencies – Aussie: Central Bank Keeps Currency Intervention as Option WSJ

Currencies – Ruble: Russia pushes ahead with free float plans AFP

Currencies – Franc: Spells Headwinds for ‘Made-in-Switzerland’ Label B

Currencies – Pound: Gets Pounded WSJ / FT / WSJ / FT / WSJ / NYT / R / B *

Currencies – Renminbi: Fights back as PBOC intervention subsides FT *



---

ECONOMICS

Japan – Economy shrinks as tax hike hits spending WSJ / FT / AP * *

Japan – GDP Slump Stirs Stimulus Talk WSJ *

Japan – Trade With China Set to Grow First Time in 3 Years WSJ *



---

POLITICS & FISCAL POLICY

Japan – ‘Polarising PM Abe learns the long game’ R



---

MONETARY POLICY

BOJ – Changed economy helping Bank attain price goal N * *



---

FINANCE

Japan – Megabanks’ $800b Cash Pile Shows Abe Task B

Japan – Lenders Seek Out Riskier Borrowers WSJ *



---

REAL ESTATE

US – Two Good Omens for Housing Market NYT

US – AIA Billings Index “Highest Mark Since 2007” cr *

US – Construction Shifts Into Second Tier WSJ *

US – Home Price Growth Slowdown a Mixed Trend for Economy WSJ *

US – Home Size Levels Off, for Now at Least WSJ *

US – Housing Affordability Hits Six-Year Low wsj *

US – Higher Housing Costs Aren’t Likely to Fade Soon, Cleveland Fed Study Says wsj * *

US – Rising Costs in Midsize Cities Take Bigger Bite Out of Income WSJ *

US – ‘Record income gap fuels weakness’ FT *

US – Battle scars FT * * *



---

SERVICES

Pot – Hemp homecoming: Rebirth sprouts in Kentucky AP

Pot – Canola growers turn to more profitable hemp G&M

Pot – Next Gold Rush: Legal Marijuana Feeds Entrepreneurs’ Dreams NYT



---

MANUFACTURING

Defense – Japan Military Shares Beats National Benchmark as Abe Beefs Up B *

Defense – Putin Arouses European Tank Ambitions Dormant Since Cold War B



---

TECH

Mobiles – Smartphone owners’ appetite for new apps wanes FT / FT * * *

Mobiles – Smartphone Add-Ons Offer Thermal Imaging WSJ *

Mobiles – Hopes Fade for Third Smartphone Ecosystem WSJ



---

TRADE & TRANSPORTATION

Rail – Canada Agency Cites Host of Factors for Quebec Disaster WSJ / NYT / FP / G&M *

Rail – Proposal Threatens to Aggravate Shortage of cars to Move Oil WSJ *

Rail – Oil tankers, victim of US safety rules, also unwanted in Canada R /

Rail – US Regulators Summon Two Operators Over Crop-Transport Delays WSJ

Rail – Slow pace of recovery stirs fear of future woes R



---

COMMODITIES

Mining – BHP Billiton’s spin-off is a turning point for industry FT / WSJ * *



---

ENERGY & ENVIRONMENT

Oil – New World Order wsj *

Oil – Iran Sidesteps Sanctions NYT

Oil – Turkey urges US to lift obstacles on Kurdish sales FT / R *

Oil – Permian light crude stranded as US exports begin to flow R *

Oil – US refiners face battle to prolong halcyon days FT

Oil – Mexico Outlines Plan to Open Fields to Private Companies WSJ

Oil – Prices Tumble as Demand Flags WSJ *



---

LABOR & EDUCATION

Japan – Workers still wait for wage boost FT / E *

Japan – ‘Not so cosmopolitan’ / N *



---

HEALTH




---

ENDNOTE

Dahala Khagrabari the only “counter-counter-enclave”: an island of India, inside a Bangladeshi village, which sits inside an Indian enclave in Bangladesh TLS *



---




---

Today’s Issue Cluster: China Real Estate

Ukraine – Germany Puts Curbing Russia Ahead of Commerce
E-Bikes – Sales Are Surging in Europe
Gold – Production rises to record despite industry cutbacks



---

MAJOR DATA POINTS

US – Jul: Housing Starts Rise to Highest Level in Eight Months; +16% / B / R / WSJ *

US – Jul: Consumer Prices Rise at Slowest Pace in Five Months; +0.1% from +0.3% / B / R / WSJ * *



---

MARKETS

Bonds – Borrowing costs close to the edge in Europe FT * *

Bonds – Banks, Financial Firms Load Up on Cheap Debt WSJ *

Bonds – Leaky repo deals present new concerns FT *

Bonds – Big Investors Snap Up Junk WSJ / FT / WSJ / FT *



---

ECONOMICS

EU – Economy grinds to halt even before Russia sanctions bite R / FT / WSJ / FT / q * * * *



---

POLITICS & FISCAL POLICY

Ukraine – Investors Raise Their Shields Against Russia WSJ *

Ukraine – More Russian Oil Flows East as Relations With West Sour WSJ / FT / FT *

Ukraine – Russia tensions pushes palladium to $900 FT / q * *

Ukraine – Europe’s peach growers feel pain of Russian sanctions FT / WSJ * *

Ukraine – Germany Puts Curbing Russia Ahead of Commerce NYT *



---

MONETARY POLICY

BOE – Signals Rate Hike in Early 2015 if Wage Growth Picks Up WSJ / FT / AP / R * *

BOE – Wage growth feeble as UK economy recovers FT * *



---

FINANCE

Cards – Banks, Retailers Speed Up Drive to Add Chips WSJ *

e-Wallets – Amazon Unveils Mobile-Payments Service for Local Shops WSJ / FT / nyt *



---

REAL ESTATE

China – Property slump gathers pace in July FT / WSJ *

China – July property investment slows R / X

China – Banks step up property lending FT

China – Property Owners Warm to the Rental Business WSJ

China – Anxiety Is Local in Property Woes WSJ *

China – ‘Return to rationality’ signals big shift in housing market FT * * *

China – Officials Rush to Sell Luxury Homes Amid Corruption Crackdown WSJ *

China – ‘Hard landing unlikely for property market’ X



---

SERVICES

Retail – US Sales Flat in July WSJ / FT / WSJ / R *



---

MANUFACTURING

E-Bikes – Sales Are Surging in Europe NYT *



---

TECH

Telecoms – SoftBank’s US Cellphone Strategy Takes Shape WSJ *

Telecoms – For European Telcos, All Roads Lead to the Americas wsj *



---

TRADE & TRANSPORTATION

Air – Safety: Flying blind FT * *

Air – Airports prepare for an influx of Southeast Asians N *



---

COMMODITIES

Gold – Loses shine as Chinese curb jewellery purchases FT / WSJ

Gold – Production rises to record despite industry cutbacks FP / B *



---

ENERGY & ENVIRONMENT

Coal – Dominoes hit BRICS wall, other skeptics R

Coal – India Runs Short, Despite Global Price Slump WSJ

Coal – Vietnam Imports Poised for Possible Early Start WSJ

Coal – US Imports Even More WSJ

Coal – Still Is Top Source of Electricity in US wsj *



---

LABOR & EDUCATION

Asia – Labor activists team up to press wage claims R *



---

HEALTH

Hospitals – Chinese medical demand fuels takeovers FT * *



---

ENDNOTE

How To Cross 5 International Borders In 1 Minute npr * *



---




---

Today’s Issue Cluster: Garments (?)




---

MAJOR DATA POINTS




---

MARKETS

EU – OECD Indicators Point to Slowdown in Germany WSJ *

EU – Election exposes deep divisions in Sweden FT * * * *

EU – Sweden Mulls Encouraging Mortgage Repayment WSJ *



---

ECONOMICS

US – Consumers are borrowing again E *

US – Big Companies Get a Lift as Customers Come Back WSJ *

US – Northwest consumers spent more freely since 2009 AP *

US – Output in energy-intensive industries remain below prerecession peak bi *

US – Considering Export Countries ESA * *



---

POLITICS & FISCAL POLICY

Ukraine – Norwegian Fish Caught in Russia’s Western Food Sanctions WSJ

Ukraine – US sanctions not mere ‘trifles’ for Russia’s oil industry FT

Ukraine – EU plans sanctions talks with Latin America countries FT

Ukraine – Russia and Markets: The Power of Weakness WSJ * *



---

MONETARY POLICY

Asean – Central banks charting divergent courses N *



---

FINANCE

US – Bank Profits Near Record Levels WSJ *



---

REAL ESTATE




---

SERVICES




---

MANUFACTURING

Garments – A Year After the Deadly Bangladesh Factory Disaster, How Much Has Changed? BW / R / q

Garments – Stalemate Over Factory Safety in Bangladesh NYT / R * *

Garments – Where the US Gets Its Clothing, One Year After the Bangladesh Factory Collapse 538 * *

Garments – Where Are Clothes Manufactured? visual.ly / bp *



---

TECH




---

TRADE & TRANSPORTATION




---

COMMODITIES




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ENERGY & ENVIRONMENT

Oil – US Democrats Increasingly Backing Oil and Gas Industry WSJ*

Oil – In Energy Boom, Alaska Is Unlikely Loser WSJ * *

Oil – Petrobras’s ‘Pre-Salt’ Fields Stem Decline WSJ *



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LABOR & EDUCATION




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HEALTH




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ENDNOTE

US rivers and streams named for colors motw *



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Today’s Issue Cluster: Mobiles (?)




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MAJOR DATA POINTS

–



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MARKETS




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ECONOMICS

EU – Italy: Rome’s Problem Is Europe’s Problem WSJ / FT / FT *

EU – Portugal: Bank failure knocks recovery FT * * *

EU – UK: Weak wages in focus ahead of BOE forecast FT *



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POLITICS & FISCAL POLICY

Turkey – Erdogan takes presidency FT / WSJ / B / S *



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MONETARY POLICY

Fed – Decline in ‘Slack’ Helps Gauge Recovery WSJ *



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FINANCE




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REAL ESTATE




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SERVICES

Online – Google and Barnes & Noble Unite to Take On Amazon NYT

Online – India’s e-retailers gear up for turf war FT



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MANUFACTURING




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TECH

Mobiles – Smartphone camera makers see next opportunity in cars R

Mobiles – Arrival of Chinese Phone Brands Sets Stage for Price War in India WSJ

Mobiles – Samsung’s next reinvention challenge: itself R *

Mobiles – Samsung suffers at the hands of Chinese upstarts N / N * * * *

Mobiles – Japan working to get in the game N *

Mobiles – Smartphone market share / r *



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TRADE & TRANSPORTATION




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COMMODITIES




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ENERGY & ENVIRONMENT

Shale – US: ND Considers Requiring Treatment of Bakken Crude WSJ

Shale – US: What a row about fracking says about politics in CO E *

Shale – US: Permian Basin Leads In TX Oil Resurgence IBD *



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LABOR & EDUCATION




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HEALTH

Primary Care – Walmart Seeks Foothold NYT



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ENDNOTE

Watch how the centers of Western culture migrated over 2,000 years q * *



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Today’s Issue Cluster: Shipping

Ukraine – US poultry, pork and nut industries to bit hit hardest
NatGas – Deep Water Fracking Next Frontier for Offshore Drilling
Biotech – Start-Ups Work on Drugs for Pets



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MAJOR DATA POINTS

China – Jul: Export surge lifts trade surplus to record high; +$47b / FT / WSJ / R / AP / B *

Germany – Jun: Exports Bounce Back; +4.5% from -3.4% / WSJ / AP *

US – Q2: Productivity Rises; +2.5% from -4.5% / WSJ / B *

US – Jun: Wholesale inventories rise less than expected; +0.3% from -0.3% / R *



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MARKETS

Argentina – Banks reportedly discuss default exit FT / AP / AP / B / R

Argentina – Unresolved debts FT * *



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ECONOMICS

FMs – Boom Prompts Warnings as Investors Pile In WSJ *

World – China manufacturing gathers pace, Europe falters, US steady R *

World – G7 GDP Since The Crisis / bi *



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POLITICS & FISCAL POLICY

Ukraine – EU stands ready to support farmers from sanctions fallout FT / B * * * * *

Ukraine – US poultry, pork and nut industries to bit hit hardest wapo / AP / WSJ * * *

Ukraine – Lufthansa and Finnair among heaviest users of Siberian airspace R / FT *



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MONETARY POLICY

ECB – Draghi warns eurozone recovery at risk FT / WSJ / NYT / AP / B / R *

BOE – Holds as Interest-Rate Debate Heats Up WSJ / R / B / AP / FT

BOI – India’s Rajan sounds alarm on asset bubbles FT / B / wsj / r / b * *



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FINANCE

US – Banks told to steer billions to hard-hit areas FT / FT * * * *



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REAL ESTATE

US – Foreclosure Starts Hit Pre-Crisis Low WSJ / wsj *

US – How Weak Is Housing? wsj * * * * *



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SERVICES




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MANUFACTURING

Ships – New techniques show the damage done by subsidies at the heart of global trade E *



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TECH




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TRADE & TRANSPORTATION

Ship – Iron Ore Busting 1.3b Tons Spurs Boom B

Ship – Suez becoming canal of choice for Asia-US shipments N *

Ship – Egypt plans to dig new Suez Canal costing $4b R

Ship – A High Seas Comeback for Sails? WSJ

Ship – Arctic Ice Melt Seen Freeing Way for South Korean Oil Hub B



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COMMODITIES

Metals – Titanium: Boeing, United Technologies Stockpile Parts WSJ

Metals – Rare Earths: China Export Curbs Again Found to Violate Trade Law NYT / AP

Metals – Palladium: Weakens as bulls head for exit FT

Metals – Zinc: Positioning shows investor bullishness FT

Metals – Nickel: Rises as stockpile concerns recede FT

Metals – Aluminium: Gains industrial lustre FT

Metals – Mining: Looking to Other Industries for Cost-Cutting Ideas WSJ *



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ENERGY & ENVIRONMENT

NatGas – Deep Water Fracking Next Frontier for Offshore Drilling B

NatGas – Falling Prices Dim Utility Stocks WSJ

NatGas – China growth faces hurdles FT * *

NatGas – Painted Pony Seen Luring Suitors in Canada LNG Race B

NatGas – Exxon eyes cheaper, floating LNG option for BC project FP *



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LABOR & EDUCATION




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HEALTH

Biotech – FDA lifts hold on experimental Ebola drug AP / B / NYT / FT / AFP / R / WSJ / R * *

Biotech – Start-Ups Work on Drugs for Pets NYT

Biotech – How to spot a market bubble / ft *



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ENDNOTE

How hairy men are around the world am *



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