Archive for June, 2015

16 June 2015

Monday, June 15th, 2015



Today’s Issue Cluster: Planes

Insurance – Asia is a cauldron of innovation, but also of competition
Pensions – Borrowing to Replenish Depleted Funds
Delivery – Uber is likely to disrupt industry


MAJOR DATA POINTS

Germany – Jun: ZEW investor sentiment slips on Greece; 31.5 from 41.9 / AP / AFP *

US – May: Home Construction Cools; -11.1% from +22.1% / WSJ / R *


MARKETS

Bonds – Hunt for returns forces funds into EM debt FT * *

Bonds – Central Banks Scoop Up Treasurys WSJ

Bonds – Treasury volumes raise liquidity concerns FT * * *


ECONOMICS

Australia – Japan Set to Overtake China for Biggest Trade Surplus WSJ *

Australia – Cuts foreign aid in favour of budget repair FT * * * *

Australia – Property boom / r *


POLITICS & FISCAL POLICY



MONETARY POLICY

RBA – Australia Central Bank Kent: ‘Monetary Policy Is Working’ wsj

RBNZ – New Zealand cuts interest rates as dairy boom sours FT

World – Central banks stash cash for unwind shock FT

World – Central banks enter the unknown with sub-zero rates FT * *


FINANCE

Insurance – Foreign companies hit roadblock in India growth plans FT *

Insurance – Asia is a cauldron of innovation, but also of competition E *

Reinsurance – The market for risk is changing E *


REAL ESTATE



LABOR & EDUCATION

Pensions – Net Outflows Befall 401(k) Plans WSJ * *

Pensions – Borrowing to Replenish Depleted Funds NYT *

Pensions – Japan is loosening rules WSJ *


SERVICES



MANUFACTURING

Planes – Market: Airbus and Boeing notch up $30b of deals FT / WSJ / AP

Planes – Market: Airbus-Boeing Race Taking Place on the Ground WSJ / FT * *

Planes – Market: Supplier Urges Caution on Single-Aisle Production WSJ

Planes – Market: Mammoth task to clear backlog FT / R *

Planes – Market: Paris Air Show Refrain, Buy Our Older Jets WSJ *

Planes – Market: Aerospace Climbs Into A Supercycle IBD / WSJ

Planes – Airbus: Germanwings Plane Crash Heightens Pressure WSJ *

Planes – A400M: 3 of 4 engines failed in crash FT * * *

Planes – A320: Airbus Considers Another Boost in Output WSJ / R

Planes – A380: Airbus upbeat on bitter-sweet anniversary R / WSJ / B * *

Planes – A380: Used Superjumbos Threaten Drive for Sales B

Planes – Jumbos: Faces a make or break year at Boeing, Airbus R

Planes – 747: Boeing Sees Sales Reviving as Air Freight Rebounds B

Planes – 787: United Switches to 777 R / B

Planes – 7??: Boeing Believes Demand Exists for New Midrange Jetliner WSJ

Planes – Boeing: Innovation Means Small Steps WSJ *

Planes – CSeries: Bombardier insists jet will come good FT / FT / WSJ / B * *

Planes – Mitsubishi: Sets sights on niche in aircraft sector AP *

Planes – C919: China set to delay maiden flight of commercial jet R

Planes – Business: Jet makers eye revival led by North America R

Planes – Business: Honda Enters New Realm WSJ *


TECH



TRADE & TRANSPORTATION

Delivery – UPS Plans to End Some Shipping Discounts for Holiday Season WSJ

Delivery – Uber is likely to disrupt industry E *

Delivery – The $50b Question: Can Uber Deliver? WSJ *


COMMODITIES



ENERGY & ENVIRONMENT

NatGas – Energy Industry Is Gassing Down WSJ *

NatGas – Asia’s LNG Buyers Get Sweeter Deals WSJ *


HEALTH



ENDNOTE

Boeing’s new overhead bins will hold 50% more bags q *


15 June 2015

Sunday, June 14th, 2015



Today’s Issue Cluster: Currencies

Japan – Abe’s approval ratings fall to new low
Greece – EU Urged to Plan for to Default
H5N2 & MERS – New cases slow


MAJOR DATA POINTS

EZ – Apr: Trade surplus widened; +€25b from +€15b yr MW *

US – May: Industrial Production Declines; -0.2% from -0.5% / WSJ / R / AP

US – Jun: NAHB home builder sentiment rises; 59 from 54 / R *


MARKETS

Currencies – Dollar Loses Allure WSJ *

Currencies – Euro Gets Wake-Up Call from Merkel WSJ / FT *

Currencies – Merkel’s ‘strong euro’ comments put investors on alert FT * *

Currencies – Animal spirits batter the market FT *

Currencies – SK likely to take up arms in war FT *


ECONOMICS

Japan – Welcomes Weaker Yen but Weighs Costs WSJ *

Japan – Investors eye Japan as Nikkei outperforms Dow N * *

Japan – Consumers Look to Get in the Game WSJ *

Japan – Exporters see little growth in Asia, trade ministry finds N *

Japan – As It Battles Deflation, a Bitter Legacy Looms WSJ *

Japan – Squares up to China over Asian infrastructure FT *

Japan – Abe’s approval ratings fall to new low FT


POLITICS & FISCAL POLICY

Greece – Default fears rise as talks collapse FT / WSJ / NYT / AP / R / B

Greece – Running out of options to avoid capital controls FT *

Greece – Germans becoming increasingly resigned to Grexit FT

Greece – EU Urged to Plan for to Default NYT / WSJ / R


MONETARY POLICY



FINANCE

Japan – Mega-banks step up search for foreign targets FT


REAL ESTATE



LABOR & EDUCATION

Japan – Unemployment at 18-year low as women, seniors head back to work N *

Japan – Female labor force participation is up / b *


SERVICES



MANUFACTURING

Chemicals – US companies thrive on shale boom’s cheap gas FT * * *


TECH



TRADE & TRANSPORTATION

TPP – Democrats derail Obama trade bill FT / NYT / R / B / WSJ / NYT / FT / WSJ * *

TTIP – Doubts over EU’s proposals for saving US trade deal R


COMMODITIES



ENERGY & ENVIRONMENT

Coal – To be overtaken by renewable power if pledges are kept FT *

Coal – As Prices Fall, Miners Cut Output WSJ * *

Coal – Oil Industry Takes Aim WSJ / AP / FT *

Coal – ‘Dirty and unpopular — but not worthless’ FT

Coal – Huge drop in WV production forecast AP

Coal – Peabody faces scrutiny over clean-up insurance R *


HEALTH

H5N2 – Egg Prices Seem a Lot Higher? Blame Bird Flu wsj *

H5N2 – New bird flu cases slow, focus turns to preventing repeat AP

MERS – WHO: not spreading outside SK hospitals AP / B / NYT

MERS – Why no vaccine? Lack of foresight frustrates scientists R


ENDNOTE

‘Why Fahrenheit is Better than Celsius’ mj *


12 June 2015

Thursday, June 11th, 2015



Today’s Issue Cluster: Oil

Greece – Germany’s Finance Minister Mulls Taking on Merkel
Robots – DARPA shows promise and pitfalls of autonomous technology
H5N2 – 1st Midwest farm hit by bird flu restarts


MAJOR DATA POINTS

EZ – Apr: Industrial Production Rises Slightly; +0.1%, +0.8% yr / WSJ *

US – May: Producer prices post largest gain since 2012; +0.5% from -0.4% / R / WSJ / B / AP *

US – Jun: UMich consumer sentiment climbs; 94.6 from 90.7 / R / B *


MARKETS

Stocks – EMs: Suffer Largest Outflow in Seven Years WSJ *

Stocks – China: The whale could sink emerging markets FT * * * *

Stocks – China: Hot Market Beckons Chinese Firms Home WSJ *

Stocks – Saudi Arabia: ‘Stringent’ limits on buying FT * *

Stocks – Germany: Sputters After Strong Start to 2015 WSJ *

Stocks – US: Dow Theory Has Investors Skittish on Market’s Next Leg WSJ * *

Stocks – US: Equity bulls follow the path of the shopper FT *

Stocks – US: High valuations test equity bulls FT * * *


ECONOMICS

US – Shoppers Splurge as Economy Heats Up WSJ *

US – Net Worth Hits High of $85t WSJ / cr * *

US – Growth is heating up west of the Mississippi B / wsj *

US – ‘Better than it looks’ E * * * *

G20 – ‘Not have much wriggle room when next crisis strikes’ E / e *


POLITICS & FISCAL POLICY

Greece – IMF quits talks amid ‘air of unreality’ as deal unravels FT / WSJ / NYT *

Greece – Government austerity works, ECB economists say FT

Greece – Money pulled from banks amid fears of capital controls FT / WSJ *

Greece – Crisis Club’s Odd Man Out WSJ *

Greece – Germany’s Finance Minister Mulls Taking on Merkel S *


MONETARY POLICY



FINANCE



REAL ESTATE



LABOR & EDUCATION

US – LA Boosts Minimum Wage WSJ *

US – As Minimum Wages Rise, Smaller Firms Get Squeezed WSJ *


SERVICES



MANUFACTURING

Robots – New Generation for Manufacturing WSJ *

Robots – DARPA shows promise and pitfalls of autonomous technology E / e *


TECH



TRADE & TRANSPORTATION



COMMODITIES

Crops – Grain Prices Slide on Higher Supplies Forecast WSJ

Crops – Pulses prices shoot up by 30% to 40% due to drought fears in India ET


ENERGY & ENVIRONMENT

Biofuel – Gasoline Industry Wrestles With Law’s Unintended Consequences WSJ *

Biofuel – US plan rattles ethanol credits FT *

Oil – Demand Rising, IEA Says WSJ / FT *

Oil – Iran in Opec limelight as pump is primed FT *

Oil – Saudi Arabia, Iraq Push Opec Over Its Ceiling WSJ / FT / FT *

Oil – Russian O&G reserves jump most in BP league table R / R *

Oil – US Ousts Russia as Top World O&G Producer B / b *

Oil – Tectonic shifts in the energy sector / q * * *

Oil – BP cautions on China energy slowdown FT * *


HEALTH

H5N2 – 1st Midwest farm hit by bird flu restarts AP

MERS – HK issues ‘red alert’ against SK travel R

MERS – Lessons From SARS Highlighted WSJ *


ENDNOTE

Dominance of major burger chains across US datapointed *


11 June 2015

Thursday, June 11th, 2015



Today’s Issue Cluster: Trade

Streaming – No need to be industry number one, says Spotify founder
Pharma – US Shifts Stance on Drug Pricing in Talks
US – Where Did All the Construction Workers Go?


MAJOR DATA POINTS

US – May: Retail data strengthens case for rate rise; +1.2% from +0.2% / FT / WSJ / R / B / cr *

US – May: Import Prices Rise for First Time in Nearly a Year; +1.3%, -9.6% yr / WSJ

US – Week: Jobless Claims Rise; +2k to 279k / WSJ / B / cr *


MARKETS

Bonds – US: Brighter Economy Speeds Flight WSJ *

Bonds – EU: Outsize Bond Swings Shouldn’t Trouble ECB WSJ *

Bonds – Germany: Borrowing costs jump back above 1% FT * *


ECONOMICS

World – Global Growth Forecast Cut to 2.8% WSJ *

World – Developing nation growth slowing FT *

World – Bank urges Fed to wait on rates R *

World – EMs: Trading blow FT * * * * *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE



REAL ESTATE

US – CoreLogic: Loans in Foreclosure Lowest Since 2007 cr *

US – Worker Shortage Hammers Builders WSJ *

US – Where Did All the Construction Workers Go? wsj *

US – Millennials priced out of CA / b *


LABOR & EDUCATION



SERVICES

Streaming – Spotify raises $526m as it braces for costly battle with Apple FT / WSJ

Streaming – No need to be industry number one, says Spotify founder R

Streaming – Having transformed the music business once, Apple is trying to do so again E * *

Streaming – Tencent tries to get people to pay for digital music WSJ *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

TPP – Trade Pacts Face Growing Pushback WSJ / WSJ *

TPP – US labor unions step up attacks on Obama’s trade supporters FT / WSJ *

TPP – Black Caucus Is Wooed for Trade Pact Votes NYT

TPP – Republicans Tie Their Favorite Causes to Agreement NYT

TPP – Obama faces jobs conundrum on global trade FT * *

TTIP – ‘How a Trans-Atlantic Trade Deal Can Still Be Fixed’ S / NYT *

Canada – Renewed push for free-trade by Ottawa, provinces FP


COMMODITIES



ENERGY & ENVIRONMENT

Carbon – EPA Says It Will Set Rules for Airplane Emissions NYT / WSJ / FT

Carbon – Obama Administration Readies Big Push on Climate Change WSJ


HEALTH

Pharma – US Shifts Stance on Drug Pricing in TPP Talks NYT

Pharma – SK pushes to be a force FT * *


ENDNOTE

What the NYC subway map looks like to a disabled person sr *


10 June 2015

Tuesday, June 9th, 2015



Today’s Issue Cluster: China Markets

China – Poll shows 25% of foreign businesses plan job cuts
Mobiles – Chinese companies pile into overcrowded smartphone market
Gaming – Macau: New bet on families


MAJOR DATA POINTS



MARKETS

China – Market Bubble Still Taking On Air WSJ *

China – To Revise Margin Rules WSJ

China – Bill Gross’s Next Short: Shenzhen? WSJ

China – Negative bets may be unwise ft *

China – Euphoria has stock market in its dangerous grip ft

China – Indexes Open to Millions More WSJ *

China – Shares May Finally Get Their Due WSJ / FT / B / WSJ * * *

China – MSCI Decision Is Setback for Beijing WSJ

China – Investors Keep Cash Close to Home WSJ

China – Tech Firms Aim to Stay Home WSJ / R *

China – IPO Market Leaves US in the Dust WSJ *

HK – Investors deal lesson in sobriety to China FT * *


ECONOMICS

China – Poll shows 25% of foreign businesses plan job cuts FT

China – Dealmaking hints at broader European ambitions FT

China – Is buying in Oklahoma and Texas wapo * *


POLITICS & FISCAL POLICY

China – Plans to Run AIIB: Leaner, With Veto WSJ *


MONETARY POLICY

PBOC – Low Prices Let China Blaze New Easing Path WSJ *


FINANCE

China – Corporate sector goes on a borrowing binge FT

China – Peer-to-Peer Lending Takes Off WSJ *

China – Opens door for Visa and MasterCard to challenge UnionPay FT *


REAL ESTATE



LABOR & EDUCATION

China – End of migrant miracle FT * *


SERVICES

Gaming – Macau: Gambling Revenue Continues to Drop WSJ *

Gaming – Macau: New bet on families N * *

Gaming – NJ: Real Estate Magnate Pushes for a Casino in North Jersey NYT *


MANUFACTURING



TECH

Mobiles – India’s Micromax Churns Out Phones Like Fast Fashion WSJ *

Mobiles – China’s Xiaomi Takes Aim at World WSJ *

Mobiles – Chinese companies pile into overcrowded smartphone market N * *


TRADE & TRANSPORTATION

EU/China – EU Lawyers Favor Market-Economy Status for China Next Year WSJ *


COMMODITIES

Cotton – Global Glut Crops Up WSJ *

Rubber – Trading Shifts From Tokyo WSJ *


ENERGY & ENVIRONMENT

Air – Hundreds of Chinese Cities Don’t Meet Standards NYT / FT *


HEALTH



ENDNOTE

Mobile phone evolution t *


9 June 2015

Monday, June 8th, 2015



Today’s Issue Cluster: Autos

States – Confront Wide Budget Gaps Even After Years of Recovery
US – Housing Bubble? Most Economists Still Say No
Shale – After oil rout, energy deals set to focus on US


MAJOR DATA POINTS

China – May: Consumer inflation falls; 1.2% from 1.5% / FT / AFP

EZ – Q1: Growth Confirmed; +0.4% was +0.4% / WSJ

US – Apr: Wholesale inventories rise as petroleum prices stabilize; +0.4% from +0.2% / R / AP

US – Apr: JOLTS Jobs Openings Increased; 5.4m from 5.1m / cr *

US – May: NFIB index rises to five-month high; 98.3 from 96.9 / MW *


MARKETS

Bonds – EM sell-off gathers pace FT *

Bonds – Volatility Triggers Alarms WSJ * *

Bonds – Undergo Regime Change WSJ *


ECONOMICS

US – Philly Fed: State Coincident Indexes increased in 40 states cr *


POLITICS & FISCAL POLICY

States – Confront Wide Budget Gaps Even After Years of Recovery NYT

States – Paul Volcker warns on health of finances FT / NYT


MONETARY POLICY



FINANCE

US – Separating Bank Loan Signal From Deposits Noise WSJ *


REAL ESTATE

US – Home-Equity Lines of Credit See Jump in Delinquencies WSJ *

US – Housing Bubble? Most Economists Still Say No wsj * *

US – New Housing Headwind: Fewer Renters Can Afford to Own WSJ *


LABOR & EDUCATION



SERVICES

Streaming – Apple Unveils Apple Music, New Software WSJ / FT *

Streaming – Apple looks beyond iTunes FT / FT * * *


MANUFACTURING

Autos – US: Stronger-Than-Expected Sales in May WSJ / AP / R / NYT

Autos – US: Electric And Hybrid Market Share Hits 4-Year Low IBD *

Autos – US: UAW, Car Makers Weigh New Class of Hires WSJ *

Autos – US: Strong Dollar Slams Car-Parts Makers WSJ

Autos – US: Volvo Car to Build Plant in SC WSJ *

Autos – Germany: New car sales down in May AFP

Autos – China: Road rage is fuelling an SUV boom B

Autos – China: GM fires salvo in price war N * *

Autos – China: GM to Change How It Reports Sales WSJ *

Autos – India: Renault targets small-car market FT * *

Autos – Asean: No end in sight for plunging car sales N *

Autos – Asia: The rise of vehicle demand / b *

Autos – Japan: Lowers expectations after bumper run FT *

Autos – Japan: ‘Competitive cooperation’ now name of the game N *

Autos – Toyota: Rebirth of a brand FT * * *

Autos – Fiat Chrysler: Pitched GM, Others About Consolidation WSJ *

Autos – Ford: Frame Shortage Hampers F-150 Output WSJ

Autos – Fiat: Scepticism over chief’s call for cars tie-ups FT * * * *

Autos – Audi: Turns to Connected Cars in China WSJ *

Autos – Hybrids: Passed By With Gas Prices Less of a Worry NYT

Autos – Vans: Is Selling Like Mad B * * *


TECH



TRADE & TRANSPORTATION

Truck – EPA Proposal Will Put Bigger Rigs on a Fuel Diet NYT

Air – EPA to Set New Limits on Plane Emissions NYT


COMMODITIES



ENERGY & ENVIRONMENT

Shale – After oil rout, energy deals set to focus on US FT * *

Shale – Exxon to Face Regulators’ Questions Over TX Quakes WSJ *

Shale – Patagonia raises hopes and fears FT *


HEALTH

Pharma – Industry bullish over immunotherapies FT * *

Pharma – Call Centers: New Battle Front for Fake Drugs WSJ *


ENDNOTE

When car accidents happen most wapo *


8 June 2015

Sunday, June 7th, 2015



Today’s Issue Cluster: US Labor & Monetary Policy

Turkey – Election rebuff to Erdogan takes toll on lira and shares
Mobile Payments – Top retailers remain skeptical of Apple Pay
Mers – SK to track cellphones to prevent spread


MAJOR DATA POINTS

Japan – Q1: Economy gains speed; +3.9% was +2.4% / AP / FT / b *

China – May: Exports shrink amid slowing demand; -2.5% from -6.4% / FT / WSJ / b *

Germany – Apr: Industrial Output Beats Forecasts; +0.9% / WSJ / AP


MARKETS



ECONOMICS



POLITICS & FISCAL POLICY

Turkey – Sinks Leader’s Bid to Cement Power WSJ / FT / NYT / R *

Turkey – Erdogan’s Future Hangs in Balance in Election WSJ * *

Turkey – Election rebuff to Erdogan takes toll on lira and shares FT / WSJ / R * *


MONETARY POLICY

Fed – Seen raising rates in October WSJ / R / WSJ / R / wsj / WSJ *

Fed – Doves may be growing, possibly pushing hike to 2016 R

Fed – Sees moderate economic growth this spring AP / WSJ / FT / R / B

Fed – Inflation Misses 2% Target for 36th Month wsj / B *

Fed – Dollar’s Strength Complicates Rate-Hike Calculus WSJ *

Fed – Brainard: global troubles may delay rate hike R *

Fed – Technology, inflation and the Federal Reserve ft *

Fed – Are Bank Watchers Watching the Wrong People? cfr *


FINANCE

Mobile Payments – Google won’t earn transaction fees WSJ

Mobile Payments – Top retailers remain skeptical of Apple Pay R


REAL ESTATE



LABOR & EDUCATION

US – Beats expectations with 280k jobs in May FT / NYT / R / wsj * * * *

US – Workers Ask: Where’s My Raise? WSJ *

US – Class of 2015 Is Summa Cum Lucky in the Job Market WSJ / wsj * * *

US – Minimum wage vs. prices in major cities / r *

US – ‘The future’s Asian’ E *


SERVICES



MANUFACTURING



TECH

Telecoms – Vodafone confirms talks with Liberty Global FT

Telecoms – Are Americans Ready to Pay for ‘Quad Play’? WSJ *


TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT

Oil – Opec to Maintain Current Output WSJ / FT / B / B *

Oil – Supplies Are Rising From All Sides B

Oil – Battle for market share takes time and a toll WSJ *

Oil – Opec’s falling market share / b *

Oil – Planned US energy sector layoffs and prices r *


HEALTH

Mers – SK Reports Fifth Death WSJ / AP / NYT / WaPo *

Mers – SK to track cellphones to prevent spread R *


ENDNOTE

Largest ancestries in the United States and Canada da *


5 June 2015

Thursday, June 4th, 2015



Today’s Issue Cluster:



MAJOR DATA POINTS



MARKETS



ECONOMICS

Brazil – Economy to contract nearly one-quarter in dollar terms FT

Brazil – Jobless rate rises again as economic downturn bites FT *

Brazil – Oily mess FT * * *

Brazil – Economic Downturn, Corruption Scandals Shake Leader WSJ * *

Brazil – Regaining its credibility on budget policy E * *

Brazil – Companies Are Finding Willing Investors Again NYT

Argentina – Bond rally anticipates Cristina’s departure FT *

Argentina – Once Shunned, Regains Its Allure WSJ *

Venezuela – Braces for low oil price era FT

Venezuela – Embraces the Dollar, Reluctantly WSJ *

Puerto Rico – Faces tough debt decisions FT / WSJ *

Cuba – Showtime in Havana FT * *

Haiti – Rising from the rubble FT * * * *


POLITICS & FISCAL POLICY

LatAm – Beijing to Unveil South America Investments WSJ *

LatAm – The Chinese chequebook e *


MONETARY POLICY

BRB – Brazil raises rates for sixth straight time FT


FINANCE

World – Banks offer little investment attraction FT * * *


REAL ESTATE



LABOR & EDUCATION



SERVICES

Ads – Internet users are increasingly blocking E *

Ads – China TV Giant Takes On Rivals Outside the Box WSJ *


MANUFACTURING



TECH

Telecoms – Dish in talks to acquire T-Mobile US FT / NYT / WSJ / FT / WSJ


TRADE & TRANSPORTATION

Pipeline – Gazprom announces deal with Ankara to build Black Sea project FT

Pipeline – New lines planned in the Northeast US / b *

Pipeline – App Basin natgas projects / b *


COMMODITIES

Dairy – Price plunge highlights hedging handicap FT * * *

Dairy – Irish farmers celebrate end of EU milk quotas FT / AP * * *


ENERGY & ENVIRONMENT

Shale – EU: Statoil and ExxonMobil chiefs call for fracking FT

Shale – US: ConocoPhillips says Opec will not halt advance FT

Shale – US: EPA finds no widespread impact on drinking water from fracking FT / NYT / WSJ / R / B


HEALTH



ENDNOTE

Parts of the multiplication table students find most difficult reddit *


4 June 2015

Wednesday, June 3rd, 2015



Today’s Issue Cluster:



MAJOR DATA POINTS



MARKETS

Bonds – Investors continue to sell German Bunds FT / WSJ / WSJ * *

Bonds – US banks face challenger in US Treasuries FT * *

Bonds – Wipeout in Europe Tests Investors’ Resolve WSJ *


ECONOMICS

EU – Why Spain and Others Aren’t Feeling the Recovery WSJ * *

EU – Regional GDP (PPP) per capita / *


POLITICS & FISCAL POLICY

Greece – Walks thin line on IMF default FT * *


MONETARY POLICY

ECB – Stands Ready to Provide More Stimulus WSJ / FT *


FINANCE

EU – Private debt funds enter public eye FT * *


REAL ESTATE



LABOR & EDUCATION



SERVICES

Travel – Rivals Race to Dominate China’s Online Market WSJ

Travel – China drives Asia tourism spending to fresh heights FT *


MANUFACTURING

Ships – SK builders ride oil tanker wave FT * * *

Ships – Costly Bet on Big Cargo Ships Comes Up Short WSJ *


TECH



TRADE & TRANSPORTATION

Ship – Nicaragua study finds canal ‘viable’; no details public AP


COMMODITIES

Commods – Two pioneering academics make the case for index investments FT * * * * * *


ENERGY & ENVIRONMENT

Oil – Opec moots $80 as new ‘fair’ price R / FT / WSJ

Oil – Opec meeting in an altered landscape FT / R *

Oil – How Opec Hurt Big Companies WSJ *

Oil – Saudi Arabia has plenty of scope to raise output / b * *

Oil – What’s Opec Going to Do With Iran’s Million Barrels a Day? B / R

Oil – Wild swings in US crude baffles trade R *

Oil – Today’s US producers are more like tech startups WSJ *

Oil – Naimi invoking ‘contango’ fails to soothe growing glut fear R *

Oil – ExxonMobil at the crossroads: buy a rival or shrink FT * * *

Oil – North Sea Rivals Race to Keep Region Relevant NYT

Oil – For green activists, Arctic drilling could be the next big thing R *


HEALTH

Insurance – Health Law Enrollees on Track to Meet Revised Goals WSJ *

Insurance – 13% Left Health Care Rolls, US Finds NYT

Insurance – Hospitals Expected More of a Boost From Health Law WSJ

Insurance – New Medicare Data Offer a More Complete Picture WSJ *

Insurance – Long-term-care policies getting pricier, difficult to justify WSJ *


ENDNOTE

The most liberal and conservative jobs in the US wapo *


3 June 2015

Tuesday, June 2nd, 2015



Today’s Issue Cluster:



MAJOR DATA POINTS



MARKETS



ECONOMICS

India – Analysts greet growth figures with scepticism FT *

India – Modi fails to jumpstart faltering IPO market FT *

India – Modi’s many tasks E *

India – ‘Needs to learn to trust markets more’ E *

India – Should make more of a valuable asset abroad E *


POLITICS & FISCAL POLICY



MONETARY POLICY

RBI – India cuts interest rates for third time this year FT / WSJ / B / AFP

RBI – Behind India’s World-Beating GDP Data, Bank Sees Weakness WSJ


FINANCE

India – Shadow banks lend where others fear to tread FT

India – Microfinance groups bounce back FT *


REAL ESTATE



LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH

Mobiles – Samsung’s S6 Struggles to Keep Up With iPhone 6 WSJ

Mobiles – Smartphones poised for revolution in media access FT * * *


TRADE & TRANSPORTATION

China – Trade slide is made in Beijing FT * *

China – Glut of Goods Pinches Global Economy WSJ *


COMMODITIES

Water – California Usage Posts Big Drop WSJ / NYT

Water – Sodden Spring Eases Texas’ Yearslong Drought WSJ *

Water – Drought Is Bearing Fruit for Washington Wineries NYT


ENERGY & ENVIRONMENT

NatGas – Big Oil’s Plan to Become Big Gas B *

NatGas – Is this the bottom for rigcount? / b *


HEALTH

MERS – SK reports its first 2 deaths AP / AP / R

H5N2 – Bird flu causes egg shortage, emergency measures R / AP / R


ENDNOTE

The first news article ever written about Apple bi *