Bz Nwz




---

Today’s Issue Cluster: Japan Election

China – Patent fiction
World – Peer-to-peer lenders coming of age?
Dairy – Egg Market Disrupted in US as Cages Made Roomier



---

MAJOR DATA POINTS

Japan – Dec: Tankan Manufacturers Growing More Cautious Over Future; +12 from +13 / WSJ / B *

US – Nov: Manufacturing output surges; +1.1% from +0.4% / R / WSJ / AP / B *

US – Dec: NAHB Homebuilder sentiment edges lower; 57 from 58 / R / B *



---

MARKETS

Currencies – Ruble: Fifth Rate Increase Fails to Halt Record Low B / WSJ / FT *

Currencies – Ruble: Russia’s foreign-exchange reserves What’s really there? e *



---

ECONOMICS

China – Not only passes, but dwarfs US and Japan patent output r *

China – Patent fiction E *



---

POLITICS & FISCAL POLICY

Japan – Abe strengthens grip FT / WSJ / NYT / B / R / AP *

Japan – Feeble challenge from once-powerful DPJ FT

Japan – A ballot on Abenomics FT * * * * *

Japan – Business Optimism Waning WSJ

Japan – Abe Vows to Push for Wage Increases WSJ *

Japan – Election Gives Abenomics Second Wind WSJ / AP / B *

Japan – Sweeping LDP victory brings next test for Abe N *



---

MONETARY POLICY

Fed – Likely to Stare Down Oil-Price Drop WSJ *

Fed – Aims to Signal Shift on Low Rates WSJ / FT / ft *

Fed – Opportunistic overheating E *

Fed – Introducing the Bloomberg “Spectrometer” b *



---

FINANCE

World – Lending Club banks 56% surge on debut FT / WSJ / FT *

World – Peer-to-peer lenders coming of age? E *

World – Banks are taking a risk by treating peer-to-peer lenders lightly FT



---

REAL ESTATE




---

SERVICES

Retail – Niche Stores Use Savvy And Smartphones To Outflank Big Boxes IBD

Retail – Supermarkets: Day of the discounters FT * * * *

Retail – UK turns into nation of online shoppers FT / FT / FT *



---

MANUFACTURING




---

TECH

Mobiles – Chinese Global Ambitions Face Obstacles WSJ / FT / NYT *

Mobiles – Apple’s Bigger Slice of the Smartphone Pie WSJ *

Mobiles – New cellphone laws hurting Samsung at home N *



---

TRADE & TRANSPORTATION




---

COMMODITIES

Dairy – NZ farmers tighten tap on milk production as prices plunge R / WSJ / B / r * *

Dairy – Egg Market Disrupted in US as Cages Made Roomier B

Hay – Exports to China Shrivel Up WSJ *



---

ENERGY & ENVIRONMENT

Oil – UAE Sees OPEC Output Unchanged Even If Price Drops to $40 B / WSJ / G&M

Oil – Tracing the Plunge In Prices Back to Texas WSJ * *

Oil – Why investors’ view of falling prices has just pivoted FT *

Oil – Prices Pushing Down Business Costs, Not Just for Airlines, Shippers wsj / wsj *

Oil – America Is Shaking Off Its Addiction bp / B *

Oil – Energy Boom’s Other Winner: Utilities WSJ

Oil – Energy Bills Send Shivers in New England NYT

Oil – US Residential Power Use Been Steady for Three Decades WSJ *



---

LABOR & EDUCATION




---

HEALTH




---

ENDNOTE

How democracy, autocracy and colonialism fared over the last century wapo *



---




---

Today’s Issue Cluster: Oil

Ship – Maritime guns for hire adapt to changes in sea piracy
Gold – Russia reserves drop by $4.3b in one week
Germany – Merkel coalition legislates to curb union power



---

MAJOR DATA POINTS

China – Nov: Industrial output disappoints; +7.2% from +7.7% / WSJ / R / B *

EZ – Oct: Industrial Output Grows a Less-Than-Forecast; +0.1%, +0.7% yr / B / WSJ / AFP *

US – Nov: Producer prices fall, signal weak inflation pressures; -0.2% from +0.2% / R / WSJ / B *

US – Dec: UMich consumer sentiment at eight-year high; 93.8 from 88.8 / R / B *



---

MARKETS

Stocks – Oil’s Drop Spills Into Other Assets WSJ

Stocks – Investors Sell as Oil Prices Keep Falling WSJ *



---

ECONOMICS

Africa – Fall in Oil Prices Threatens Economic Growth WSJ *

Africa – M&A activity hots up as investors bet on growth FT *

Africa – The continent’s armies are going on a spending spree E *

South Africa – IMF warns on economy FT * *

South Africa – Worsening electricity crisis adds to economic woes FT * * *



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY




---

FINANCE

China – PBOC Pumps $65b Into Banking System WSJ / R *

EZ – ECB injected €130b into banking system FT / WSJ / NYT / AP / AFP / FT * * * *



---

REAL ESTATE




---

SERVICES

Retail – Cheaper Gasoline Fuels Hopes WSJ / B *



---

MANUFACTURING




---

TECH

EU – US Tech Giants Battle Europe’s Sovereign States WSJ / FT / WSJ / WSJ

EU – How Juncker and Luxembourg landed Silicon Valley’s biggest catch FT *



---

TRADE & TRANSPORTATION

Ship – Fastest Asia-US Route? Canada’s Ports WSJ

Ship – Maritime guns for hire adapt to changes in sea piracy R *



---

COMMODITIES

Gold – Miners Find Little Solace in Cheaper Oil WSJ *

Gold – Russia reserves drop by $4.3b in one week bi

Gold – HK Sales Fall as China Tackles Corruption WSJ *



---

ENERGY & ENVIRONMENT

Oil – Drops Below $60 FT / NYT / R / B / WSJ / wsj *

Oil – Slides Further as IEA Sees Lower Demand WSJ / FT / NYT / B / AP / R *

Oil – Looking for a floor? Check the contango r *

Oil – Saudi Arabia’s Tank Battle With Shale WSJ *

Oil – Iran: Fall in prices is ‘treachery’ AP

Oil – For Saudi Arabia, plunging prices are a political weapon ft

Oil – Price plunge means survival of fittest FT *

Oil – Producer cash costs bi *

Oil – US a bigger No. 3 N *

Oil – Fall Puts a Chill on US Drilling WSJ *

Oil – Fall Pressures Energy Megaprojects WSJ *

Oil – BP caught between value over volume and falling prices FT *

Oil – Lawmakers give preview of coming oil export fight R / FT

Oil – Low Cost Means Cheaper Commodities Amid Surpluses B

Oil – Cheaper Petroleum Affects US Factories WSJ / wsj *

Oil – Price Winners and Losers Around the Globe wsj *

Oil – US consumption waning B *

Oil – Pump Prices Prime Economy for US Growth WSJ / wsj * *

Oil – Rout a Distant Dream for European Drivers B / r * *

Oil – Refining lightens price drop gloom for Europe’s companies R *



---

LABOR & EDUCATION

Germany – Merkel coalition legislates to curb union power FT

Germany – Corporate Governance Set for Gender Revolution WSJ

Germany – Dresden protest reveals rising anger over immigration FT



---

HEALTH




---

ENDNOTE

Highest-posted speed limits around the world W *



---




---

Today’s Issue Cluster: Planes

Air – Low-cost lines posed to revolutionize longer routes
Net Neutrality – Obama plan bid divides civil rights groups
Super Cycle – Is it over?



---

MAJOR DATA POINTS

Japan – Oct: Machinery Orders Fall; -6.4% from +2.9% / WSJ

US – Nov: Retail Sales Biggest Jump in Eight Months; +0.7% from +0.5% / WSJ / R / B / AP *

US – Nov: Import Prices Down; -1.5%, -2.3% yr / WSJ *

US – Oct: Businesses boost stockpiles modestly; +0.2% from +0.3% / AP *

US – Week: Jobless Claims Fall; -3k to 294k / WSJ / AP / B *



---

MARKETS




---

ECONOMICS

Canada – Is export rotation finally gaining traction? FP *

Canada – Grain Train Runs Away From Farmers WSJ *



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY

BOC – Canada retreats from forward guidance FT * *



---

FINANCE




---

REAL ESTATE

Canada – New housing prices in post largest gain in 7 months / r *

Canada – BOC Says Housing Market as Much as 30% Overvalued WSJ / B / ft * * *

Canada – Poloz: Housing-market crash not in the cards R / WSJ



---

SERVICES




---

MANUFACTURING

Planes – Market: Boeing Sees Rising Demand for Jet Financing WSJ / R

Planes – Market: Asian Companies Flock Into Aircraft Leasing WSJ *

Planes – Market: Airbus Forecasts $4.6t Airliner Market WSJ / R / AFP / q * * * *

Planes – Market: Airbus deepens carmaker thinking to drive jet output R

Planes – Market: Record IndiGo jet order fails to stem Airbus share slide R *

Planes – Market: Budget airlines eye rich seam of leasing R

Planes – 737: Boeing to raise monthly production R / WSJ

Planes – 737: Boeing plans new airplane by 2030 R

Planes – 747: Boeing to Cut Production WSJ / R / B

Planes – 787: Report on Batteries Assigns Some Blame for Flaws NYT / WSJ / B / AP / NYT

Planes – A320: Airbus begins test flights on revamped neo FT / R / AP / WSJ

Planes – A321: Airbus offers long-range version, targets Boeing 757 R / B

Planes – A330: Airbus to cut production rate WSJ / R

Planes – A350: Airbus wins European approval R / FT

Planes – A380: Airbus Faces Investment Conundrum as Orders Vanish B / SMH / WSJ / R / R

Planes – A380: Expected to Stop Losing Money Next Year WSJ / R / B

Planes – A400M: Airbus Worried About Costs as Profit Drops WSJ / FT / NYT

Planes – Japan: First Airliner in 50 Years WSJ / AP / R / B / R / FT / BW * * *

Planes – China: Comac accelerates passenger plane project FT / WSJ / B / FT / N *

Planes – China: Regional jet takes flight with future up in the air N *

Planes – Business: Embraer admits to being bruised in Chinese market FT *

Planes – Business: Gulfstream Unveils New Jet WSJ / WSJ / G&M

Planes – Business: Recovering Market Faces Headwinds WSJ / NYT

Planes – Business: Honeywell Forecasts $280b Market WSJ / R



---

TRADE & TRANSPORTATION

Air – Profit Outlook Rises on Plunging Oil Prices WSJ / FT / NYT

Air – Japan Airlines Flies on More Than Cheap Oil WSJ *

Air – Challenges Await Year Two of American Airlines Merger WSJ

Air – Budget lines: load up FT *

Air – Hainan Elbows Its Way Into China’s Skies WSJ *

Air – Asian lines welcome oil price slump but rue overcapacity ft * * *

Air – Low-cost lines posed to revolutionize longer routes E *

Air – Why luxury travel is taking off again FT * * *



---

TECH

Net Neutrality – Internet Suppliers Warn Stricter Rules Could Stunt Investment WSJ / cnet

Net Neutrality – Germany Emerges as Antagonist wsj

Net Neutrality – Obama plan bid divides civil rights groups NYT



---

COMMODITIES

Super Cycle – Is it over? N / N / N / N *

Super Cycle – Dilemmas at the wrong side N * * *



---

ENERGY & ENVIRONMENT

Lima – ‘Global Accord to Fight Climate Change Is in Sight’ NYT / WSJ / FT

Lima – China Blocks Review Sought by US at UN Talks B / FT / FT

Lima – Market chief denounces European policy FT

Lima – ‘Talks call future of energy majors into question’ FT



---

LABOR & EDUCATION




---

HEALTH




---

ENDNOTE

Most popular stock picks across the US … excluding Apple sigfig *



---




---

Today’s Issue Cluster: Currencies

Retail – US holiday shopping discounts deepen, last longer
Pipeline – Putin Turkey Plan Seen as Unrealistic
Wool – NZ goes up-market to survive



---

MAJOR DATA POINTS

China – Nov: Inflation Softens to Five-Year Low; 1.4% from 1.6% / WSJ / B / FT *



---

MARKETS

Currencies – Ruble: Russia Set to Raise Main Lending Rate B / R / B *

Currencies – Yen: Falling Rate Stirs Debate in Japan WSJ / FT *

Currencies – Dollar: Rise Causes Pain Abroad WSJ / FT *

Currencies – Dollar: China turning away FT * * * * * *

Currencies – Peso: Mexico vows to sell dollars to halt slide AP

Currencies – Real: Steady as she slides for Brazil FT * *

Currencies – Naria: A Victim of Falling Oil Prices WSJ * *

Currencies – EMs: Oil and dollar hammer FT *



---

ECONOMICS




---

POLITICS & FISCAL POLICY

Ukraine – Putin’s New Deal Spells End to 15 Years of Wage Gains B / B / B *

Ukraine – Russian Ties Complicate Sanctions WSJ

Ukraine – Sanctions hitting Russians in grocery baskets q *

Ukraine – Russia Contagion Spreads to Former Soviet States Amid Rout B

Ukraine – Kiev Foreign-Currency Reserves Dip Below $10b WSJ *

Ukraine – The rebel republics FT *

Ukraine – Russia’s Oil Shakeout Shouldn’t Stir Banking Fears WSJ *

Ukraine – Italy pivots to Africa for alternatives to Russian gas FT * *



---

MONETARY POLICY




---

FINANCE

US – Fed Won’t Let Big Banks Drink to Excess WSJ / AP / WSJ *

US – Questions about ‘revolving door’ between NY Fed and Wall St FT

US – Banks Urge Big Customers to Take Cash Elsewhere WSJ *



---

REAL ESTATE

US – Dodgy Home Appraisals Are Making a Comeback WSJ *

US – New-Home Prices Surge Despite Lackluster Demand wsj *

US – Effort Aims to Aid New Buyers of Homes NYT



---

SERVICES

Retail – US holiday shopping discounts deepen, last longer R *

Retail – Hiring suggests holiday shopping won’t accelerate this year FT * *



---

MANUFACTURING

Ship – Samsung axes $2.3b merger amid shareholder pressure FT / WSJ

Ship – China Loses Crown to SK B *



---

TECH

Uber – Under Attack Around the Globe WSJ / B *



---

TRADE & TRANSPORTATION

Pipeline – Protests Slow Projects Across US, Canada WSJ *

Pipeline – ‘Why a Explosion in Turkey Matters to the US’ b *

Pipeline – Putin Turkey Plan Seen as Unrealistic B *

Pipeline – South Stream Alternative Rests on Shaky Ground MT *

Pipeline – EU hopes to start bypassing Russia by 2019 RT / RIAN / RT *



---

COMMODITIES

Cotton – Farmers hit hard as prices drop to lowest since 2009 FT * *

Wool – NZ goes up-market to survive R *



---

ENERGY & ENVIRONMENT

Shale – US industry faces endurance test after Opec rejects cuts FT * * *

Shale – Producers Say Bring It B *

Shale – Will falling oil prices curb America’s boom? E / r * *

Shale – Fracking Discounts Seen Cutting Profits by $3b B

Shale – ‘The fracking fallacy’ nature *

Shale – ND to require every barrel of crude oil be filtered WSJ / R / WSJ / AP

Shale – Oil Trains Hide in Plain Sight WSJ / R *

Shale – Petronas signs Argentina deal FT *

Shale – New gaur sowing technique can give 60% higher yield ET



---

LABOR & EDUCATION




---

HEALTH




---

ENDNOTE

NYC’s skyline will be radically different in 2018 NYP *



---




---

Today’s Issue Cluster: China

–



---

MAJOR DATA POINTS

Germany – Oct: Exports Fall but Still Robust; +0.5% from +5.5% / WSJ / AP / de *

US – Oct: Wholesale stockpiles up; +0.4% from +0.4% / AP / R

US – Oct: JOLTS jobs openings increased; 4.834m from 4.685m / AP / cr *



---

MARKETS

China – Stocks, Currency and Corporate Bonds Fall WSJ

Stocks – China: Stocks dash towards bubble territory FT * *

Stocks – China: Levered stock market ft *

Stocks – China: Retail Investors Fuel Stock Rally WSJ / FT / e FT * * *

Stocks – China: Beijing measures mobilise army of new stock investors R *

Stocks – China: Bull Market Lifts Brokerages WSJ * *

Stocks – China: Surpasses Japan as World’s Second-Biggest Equity Market B

Currencies – Yuan: There are incentives to join the wars in earnest ft *

Currencies – Yuan: ‘Still not ready for prime time’ N / N *



---

ECONOMICS

China – Advisers recommend 7% growth goal R / WSJ *

China – Oil price slide a mixed blessing FT

China – Poised to trim its growth target N *

China – Gap in HK trade numbers narrowed, but still high R *

China – ‘Wasted’ $6.8t in investment, warn Beijing researchers FT

China – Fear of a deflationary spiral FT * * *

China – More Easing Is No Magic Wand WSJ *

China – The Troubles With Building a ‘GE’ WSJ *

China – Impoverished south-west seeks to become an economic hub E *

China – The impact of a slowdown E *

China – Art Buyers Go Shopping Overseas WSJ *

China – Tax Authorities to Step Up Supervision of Multinationals WSJ *

China – Tax Authority Targets Income of Foreigners, Wealthy Chinese WSJ *

China – Publishes ‘adultery map’ of unfaithful officials DT *



---

POLITICS & FISCAL POLICY

China – HK Protesters Brace for New Police Action B / R * *

China – Taiwan Grapples With Closer Ties WSJ *



---

MONETARY POLICY

PBOC – Loosens Monetary Policy Further, Scrapping Repo Sales B

PBOC – Won’t consider more rate cuts until Q4 data out R / WSJ / B * * *



---

FINANCE

China – Banks Press PBOC to Cut Reserve-Requirement Ratio WSJ *

China – Gives Boost to Banks in Bid to Reduce Borrowing Costs WSJ

China – Banks Seize on New Debt Option WSJ *

China – Launches Bank Deposit Insurance WSJ / FT / B / WSJ / WSJ / X *

China – Could trigger exodus from small to ‘too big to fail’ rivals / b *

China – Which banks pass the ‘too big to fail’ test? / b *

China – Over-Reliance on Guaranteed Loans wsj * * *

China – Banking tricks blunt drive to increase lending R

China – ‘Bad Bank’ Sees Bad Loans Peaking in 2015 WSJ

China – Shadow bank collapse exposes grey-market lending risk FT



---

REAL ESTATE

China – New-Home Prices Fall in November WSJ

China – Rate Cut Seen Halting Home Sales Slide as Sentiment Turns B / WSJ

China – Rate cut is cold comfort for struggling developers R *

China – Property market set for demographic hit FT *

China – Growth Seen Slowing From Rail to Retail as Housing Peaks B



---

SERVICES




---

MANUFACTURING

Rail – Chinese rolling-stock giants talk merger R / B / N *



---

TECH

Internet – Warm West Coast Reception for China’s Web Czar nyt / wsj / B / R / WSJ



---

TRADE & TRANSPORTATION




---

COMMODITIES

Steel – China’s Slowdown Hits Price of Iron Ore WSJ / FT / B *

Steel – Chinese Interests Look to Malaysia for Cheap Ore NYT *

Steel – China exports hit record high as glut spills overseas N

Steel – ‘China ore demand forecast to stay steady in 2015’ CD *

Steel – Miners: Fe-ling forecasts FT *

Steel – Rio keen to blend mining and marketing FT * * *



---

ENERGY & ENVIRONMENT




---

LABOR & EDUCATION




---

HEALTH




---

ENDNOTE

Global Fine Wine Prices vs. Chinese Consumer Sentiment b *



---




---

Today’s Issue Cluster: US Labor

Fed – Simulations Call for Rate Hikes Soon
Greece – Best GDP Performer In Third Quarter
Oil – Shipping Can Thank Opec for $29b in Savings



---

MAJOR DATA POINTS

Japan – Q3: GDP Worse Than Initially Reported; -1.9% was -1.6% / WSJ / R / B / AP *

China – Nov: Export growth slows; +4.7% from +11.6% / WSJ / R / FT / B / NYT *

Germany – Oct: Industrial Output Expands Less Than Expected; +0.2% from +1.1% / WSJ / AP / B de *



---

MARKETS

Stocks – Consumer Stocks Draw Fans as Oil Sinks WSJ *

Stocks – ‘Sizing Up the New Tech Bubble’ Bn * *



---

ECONOMICS

Greece – Turns Triumph Into Tragedy WSJ *

Greece – Hopes of waving goodbye to bailout appear to be dashed FT

Greece – Great Depression / B *

Greece – Best GDP Performer In Third Quarter / b *



---

POLITICS & FISCAL POLICY

Australia – Faces Painful Choices in Economic Slowdown WSJ *



---

FINANCE

Australia – Review promises shake-up of banks FT / WSJ / ABC / SMH *



---

MONETARY POLICY

Fed – Bullish employment report puts Yellen under spotlight R / B

Fed – Hiring Picks Up Broadly, but Wages Growth Is Muted WSJ / R / B

Fed – Stresses Data Over Dates as Case for Rate Increase Builds B

Fed – Inflation Below 2% Target for 30th Consecutive Month wsj / R *

Fed – Simulations Call for Rate Hikes Soon wsj *



---

REAL ESTATE




---

SERVICES




---

MANUFACTURING




---

TECH




---

TRADE & TRANSPORTATION




---

COMMODITIES

Sugar – US Soars Above World Prices WSJ *

Hazelnuts – Stir Trouble in the Land of Sweets WSJ *



---

ENERGY & ENVIRONMENT

Oil – Saudi Arabia Cuts Prices WSJ *

Oil – Extreme bears bet on $40 FT

Oil – Poll: To rebound to $80 next year R *

Oil – More than $150b of projects face the axe in 2015 R *

Oil – Falling Prices Spur New Bets on Global Economic Growth WSJ / B *

Oil – Who Should Be Thankful For OPEC’s Decision? IBD

Oil – Small Drillers Feel Brunt of Crude’s Decline WSJ *

Oil – Leniency expected from creditors FT *

Oil – Will Cheap Prices Lead to Big Mergers? WSJ *

Oil – Shipping Can Thank Opec for $29b in Savings B *

Oil – US reserves at highest since 1975 FT / IBD *



---

LABOR & EDUCATION

US – Heads for best jobs growth year since 1999 FT / WSJ / AP / B / R / NYT *

US – 321k job adds / r *

US – Unemployment holds at 5.8% / r *

US – Discouraged down, UE duration up, participation rate steady / r *

US – Unemployment by race, ethnicity / r *

US – November Jobs Report / wsj * * * * * *

US – Visualizing Recovery, State By State wsj *

US – Number Starting and Quitting Jobs Highest in More Than Six Years wsj * *

US – New Jobs Worry: Workers Staying Put WSJ *

US – Men Make Employment Gains NYT *

US – Nearly half of new federal employees are military veterans E *

US – Growth Benefits Spread B *

US – Millennials Role in Labor Force Overstated wsj * *

US – Are Wages Finally Snapping Back? wsj / B *

US – Falling Wages at Factories Squeeze the Middle Class NYT *

US – Minimum wage fight hits the streets of nearly 200 cities R *



---

HEALTH




---

ENDNOTE

James Bond finally falls for a woman his own age wapo *



---




---

Today’s Issue Cluster: Commodities

Uber – Taxi Medallion Prices Are Plummeting
Coal – India: Even More Polluted Than China
Pharma – Lawmakers Look at Rising Cost of Generic Drugs



---

MAJOR DATA POINTS

Germany – Oct: Industrial Orders Pick Up; +2.5% from +1.1% / AP / WSJ / B *

US – Nov: Payrolls best since 1999; +321k from +243k / FT / NYT / B *

US – Oct: Factory orders fall for third straight month; -0.7% from -0.5% / R / AP

US – Oct: Trade deficit drops; -$43.4b from -$43.6b / AP / R / WSJ



---

MARKETS

Commods – CTAs riding high on back of tumbling oil FT *

Commods – Slump puts brakes on resource-dominant FTSE 100 FT *

Commods – Investors keep trimming inflation hedges FT *

Commods – El Niño set to cause worries FT

Commods – Miners ‘Covering Their Eyes’ on China Cliff B

Commods – Industrial metals beat wider slump FT * * *



---

ECONOMICS

India – Aims to Shed Its ‘Fragile’ Label WSJ * *

India – Doubt cast on Modi’s quest to find black money overseas FT * *

India – Modi’s BJP-Controlled States Become Labs for Contentious Reform WSJ

India – Green shoots of reform from Rajasthan R *

India – Hamstrung banks are a barrier to faster economic growth E *



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY

ECB – Draghi looks to QE despite governing council split FT / NYT / B / WSJ * * *



---

FINANCE




---

REAL ESTATE




---

SERVICES




---

MANUFACTURING

Machinery – Crops’ Course Puts Deere in Headlights WSJ / FT / B / WSJ * *



---

TECH

Uber – Now Valued at More Than $41b WSJ / FT / NYT *

Uber – Goldman offers clients service FT * * *

Uber – Taxi Medallion Prices Are Plummeting nyt / cd *



---

TRADE & TRANSPORTATION

Rail – Roads Sound Alarm Ahead of Chicago Gridlock Redux B

Rail – Canada Maintains Rules on Grain Transport WSJ / FP / CBC



---

COMMODITIES

Crops – Farmers Foil Investors That Bet on Corn, Soybean Price Drop WSJ *

Crops – Canada wheat exports dogged by quality complaints R *

Crops – China’s Grain Farmers Have a Field Day WSJ *

Crops – Ivory Coast set to lead cocoa processing FT

Crops – Cheaper beans set to dominate as Asians thirst for instant coffee R *



---

ENERGY & ENVIRONMENT

Coal – India: Faster Clearances to Double Production WSJ

Coal – India: Even More Polluted Than China nyt *

Coal – China: Zero Emissions Pledged but Failed C

Coal – China: Coal conversion plants sap emissions targets FT * *

Coal – Germany: Targeting coal plants to reach 2020 climate goals R / FT / AP / NYT / WSJ



---

LABOR & EDUCATION

EU – Falls behind US as top destination for skilled migrants FT

US – Losing Luster as Top Destination for Skilled Migrants wsj *

World – The migration numbers game FT * * * * * * * * *



---

HEALTH

Pharma – Lawmakers Look at Rising Cost of Generic Drugs NYT

Pharma – New Cracks in India’s Drug Pipeline to US B

Pharma – ‘Superbugs’ Kill India’s Babies and Pose an Overseas Threat NYT



---

ENDNOTE

The race to the center of the city N *



---




---

Today’s Issue Cluster: Europe

–



---

MAJOR DATA POINTS

US – Week: Jobless claims fall, unwind prior week’s increase; -17k to 297k / R / WSJ / B / cr *



---

MARKETS

Bonds – EZ Debt Soars to Records on ECB Policy-Shift Hopes WSJ / FT *

Bonds – Greek yields act as eurozone ‘fear gauge’ FT / r *



---

ECONOMICS

EU – Brussels: Juncker unveils investment plan to kick-start growth WSJ / R / WSJ * *

EU – Brussels: Pro-default parties may trigger new euro-area crisis B *

EU – Greece: Europe Debates Third Bailout Package S *

EU – Italy: Accuses Brussels of ‘shaky’ accounting FT * * *

EU – Spain: New Entrepreneurs Find Pain WSJ *

EU – Nordic: Concern rises as cracks appear in model FT * * *

EU – France: Faces possible sanctions from Brussels on budget FT / WSJ *

EU – UK: Targets Tech Firms With ‘Google Tax’ WSJ / FT / nyt *

EU – UK: ‘Public finances have veered off course’ E / WSJ * * *

EU – UK: Household spending at fastest rate since records began FT *

EU – Europe Inc: Light amid the gloom FT *



---

POLITICS & FISCAL POLICY

Ukraine – Putin Calls for Push Against Ruble ‘Attack’ WSJ / FT / R *

Ukraine – The woman trying to tame the rouble FT *

Ukraine – Serbia caught between Russia and the west FT * *



---

MONETARY POLICY

ECB – No New Stimulus, Yet WSJ / FT / NYT / AP / R / B / B *

ECB – Poised to dash bond-buying hopes FT *

ECB – Quandary on asset purchases FT / WSJ / FT / B / B / R * *

ECB – Confusion over interest rate impact of eurozone QE FT *

ECB – Seen Triggering 50% Jump in Asset-Backed Bond Sales B

ECB – Savers grapple with rate divide FT *

ECB – Draghi’s Inflation Yardstick Obscured by Oil B *



---

FINANCE

EU – Banks Told Likely Capital Criteria WSJ / NYT

EU – An end to the great bank deleveraging? ft * * *

EU – ‘Private loan data still looking more like groan data’ r *

EU – ‘Bank lending: not as bad isn’t good enough’ r *

EU – Bank Valuations Tank as ECB Flubs Its Stress Test cfr *

EU – Specialist banks are producing better returns FT *



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REAL ESTATE

EU – UK: House prices rise 12.1% in a year FT / B * *

EU – UK: Sales of £10m-plus London homes ‘up by a third’ FT * *



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SERVICES




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MANUFACTURING




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TECH

Telecoms – Play vital role in European rally FT * *

Telecoms – Groups seek share of TV limelight FT * *



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TRADE & TRANSPORTATION

Ship – Maersk chief warns over lossmaking rivals FT / WSJ

Ship – Chinese Transform Greek Port, Winning Over Critics WSJ *



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COMMODITIES




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ENERGY & ENVIRONMENT

Oil – Saudi Arabia Sees Prices Stabilizing Around $60 WSJ

Oil – US refineries run flat out to process cheap crude FT * *

Oil – Fits Texas Banks With a Five-Gallon Hat WSJ *

Oil – North America Production eb * *

Oil – Baghdad and Erbil end months-long dispute over revenues FT / WSJ / NYT * *

Oil – Flow of Opec petrodollars set to dry up FT

Oil – Price fall starts to weigh on banks FT

Oil – Knock-on effect on asset prices FT *



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LABOR & EDUCATION

EU – German population drop spells skills shortage in Europe’s powerhouse R / R

EU – French Attempt at German-Style Labor Reform Flounders WSJ *

EU – In France, New Review of 35-Hour Workweek NYT



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HEALTH




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ENDNOTE

Pyramid Chart ilc *



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Today’s Issue Cluster: Autos

PCs – Outlooks Remains Grim Despite Tablet Slowdown
Ship – Piracy in west Africa is rising
Metals – New Australia mining investments crash to decade lows



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MAJOR DATA POINTS

China – Nov: Official services PMI rose; 53.9 from 53.8 / R / WSJ

China – Nov: HSBC services PMI inched up; 53.0 from 52.9 / B

Australia – Q3: Economy Slowed, Currency Declines; +0.3% from +0.5% / WSJ / B / Aus / ABC / SMH

EZ – Nov: Markit composite PMI fell; 51.1 from 52.1 / B / WSJ *

US – Nov: ADP Private Sector Hiring Slows; +208k from +233k / WSJ / B *

US – Nov: ISM Services PMI Well Above Expectations; 59.3 from 57.1 / WSJ / R / B / AP *

US – Q3: Productivity Rises Faster; +2.3% was +2.0% / WSJ *



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MARKETS

Currencies – Australia probes bitcoin crime links R *



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ECONOMICS

World – Global factory growth at 14-month low R *



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POLITICS & FISCAL POLICY

Ukraine – Russia Sees Economy in Recession Next Year WSJ / B / NYT *

Ukraine – Merkel’s sanctions balancing act outwits Putin, for now FT

Ukraine – Anger and dismay as Russia scraps $50b gas plan FT / WSJ / FT * *



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MONETARY POLICY

RBI – Rajan Holds India’s Rates While Signaling Cut to Come B / FT

RBA – Keeps Record-Low Rate to Boost GDP B / AFP / SMH / Aus / ABC *



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FINANCE




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REAL ESTATE




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SERVICES




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MANUFACTURING

Autos – US: November auto sales strongest in years R / WSJ / FT / NYT / B *

Autos – Japan: Tokyo moves to contain air bag crisis R / WSJ / FT / NYT / R / B * *

Autos – Japan: Honda Rethinks Priorities WSJ *

Autos – China: Luxury car wave ebbs R

Autos – China: Nissan, Honda Sales Fall Further WSJ

Autos – China: VW Drives for Gains WSJ *

Autos – China: Nissan targets with exclusive, local-made Infiniti N *

Autos – SK: Fortress car market cracks under German luxury barrage R

Autos – India: Loses its edge as a car export manufacturer ft * *

Autos – India: VW to launch made-for-India vehicle FT * *

Autos – Thailand: Love affair with the pickup truck N * *

Autos – Asean: Industry maturing N / N / N / N * * *

Autos – Asean: German auto marques wield big-time cachet N * * * *

Autos – EU: Carmakers fuelled by continued growth of sales FT / WSJ / NYT

Autos – Germany: Audi, Mercedes Notch Up Robust Sales WSJ

Autos – UK: Makers use storied names to lift themselves from funk N *

Autos – LatAm: GM struggles with first slowdown in a decade FT *

Autos – Electric: Should You Buy One? WSJ *

Autos – Fuel Cell: Hydrogen Cars Join Electric Models in Showrooms NYT *

Autos – Fuel Cell: Toyota bets on hydrogen technology FT / WSJ / AP

Autos – Fuel Cell: Honda Delays Launch Until 2016 WSJ *

Autos – Fuel Cell: Full steam ahead for Hyundai’s hydrogen-fuelled vehicles G&M



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TECH

PCs – Outlooks Remains Grim Despite Tablet Slowdown statista *

PCs – Google overtakes Apple in the US classroom FT *



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TRADE & TRANSPORTATION

Ship – Piracy in west Africa is rising E *

Ship – The price of piracy ft * * *



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COMMODITIES

Metals – New Australia mining investments crash to decade lows ABC *



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ENERGY & ENVIRONMENT

Sands – Smaller players feeling the pinch of falling prices FP

Sands – New emissions ‘extremely low,’ says IEA’s chief economist FP



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LABOR & EDUCATION




---

HEALTH

HIV – Becoming weaker, study finds FT

HIV – Where it is the deadliest infectious disease gp *

HIV – ‘Milestone’ reached as treatment outpaces infections FT * *



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ENDNOTE

The 10 Tallest Skyscrapers Of The Future bi *



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Today’s Issue Cluster: Shale

Japan – National finances face a dark future
Insurance – EU watchdog warns on low interest rate threat
Online – Wal-Mart Cites Strong Cyber Monday Orders



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MAJOR DATA POINTS

EZ – Oct: Factory Gate Prices Resume Fall; -0.4%, -1.3% yr / WSJ / R *

US – Oct: Construction spending posts biggest gain in five months; +1.1% from -0.1% / R / AP *

US – Oct: CoreLogic home prices accelerated; +6.1% from +5.6% / AP / cr *



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MARKETS

Currencies – Ruble: Suffers worst fall since 1998 crisis FT / WSJ / AP *

Currencies – EMs: Oil slide brings pain and gain FT

Currencies – Dollar: Dangers of the bull consensus FT *

Currencies – Naira: Nigeria devalues as oil prices drop R / FT * *



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ECONOMICS

Japan – Moody’s downgrades credit rating FT / WSJ / B

Japan – Survey Points to Upward GDP Revision WSJ / B

Japan – Early Results of Economic Program Are Disappointing NYT *

Japan – When will stock market growth trickle down? N *

Japan – National finances face a dark future N *



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POLITICS & FISCAL POLICY

Japan – Abenomics faces an electoral test N / WSJ / AFP *

Japan – Abe is bound to return as PM / t * *



---

MONETARY POLICY

BOJ – Four Members Challenged Kuroda Easing Move WSJ / FT / R

BOJ – How long can JGB buying keep a lid on interest rates? N * *



---

FINANCE

Insurance – EU watchdog warns on low interest rate threat R

Insurance – Revolution changes landscape of risk management FT / WSJ * * *



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REAL ESTATE




---

SERVICES

Online – Cyber Monday sales start slow as early discounts hurt R / AP / B / IBD / FT / WSJ *

Online – Wal-Mart Cites Strong Cyber Monday Orders WSJ

Online – To Gain the Upper Hand, Amazon Disrupts Itself NYT

Online – US retailers warn of Chinese giant Alibaba’s impact R / FT



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MANUFACTURING




---

TECH

Security – Hackers Target Biotech NYT / FT / WSJ / R / B / wsj

Security – FBI warns of ‘destructive’ malware in wake of Sony attack R / WSJ



---

TRADE & TRANSPORTATION

Pipeline – Russia to abandon South Stream FT / WSJ / NYT / R / AP / B / WSJ



---

COMMODITIES

Guar – As shale dream fades, India’s growers chase new markets R



---

ENERGY & ENVIRONMENT

Shale – US: Despite Glut, Firms Aren’t Likely to Slash Oil Output WSJ / WSJ / WSJ * *

Shale – US: Lenders caught in energy sell-off FT

Shale – US: October permits drop: is the slowdown here? R / B * *

Shale – US: Even After Selloff, Energy Stocks Find Few Buyers WSJ *

Shale – US: 19 regions will no longer be profitable at $75 B

Shale – US: ‘The Downside of the Boom’ NYT / NYT

Shale – US: ‘Oil in Arcadia’ r * *

Shale – UK: Ineos announces $1b push FT / FT

Shale – Poland: Dreams put on hold FT / AP

Shale – Hungary: Looks to develop gas production AP

Shale – Bulgaria: Sees Russian hand in protests FT

Shale – Romania: Russian Money Suspected Behind Fracking Protests NYT

Shale – Market: ‘Numerous other commodities have been tumbling’ bi * * * *



---

LABOR & EDUCATION

Japan – Waiting for economywide wage hikes N *

Japan – There’s No Recession With Companies WSJ *



---

HEALTH




---

ENDNOTE

The 10 Tallest Buildings That Were Never Finished bi *



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