Bz Nwz

Today’s Issue Cluster: UK Real Estate

Air – What Does It Take to Prove Airline Collusion?
Cocoa – N. American grind falls to 2-1/2-year low
Nuclear – Plant Closing Reflects Overhaul of German Energy Production



MAJOR DATA POINTS

US – Jul: UMich Consumer Sentiment decreases; 93.3 from 96.1 / cr *

US – Jun: Consumer Prices Rose; +0.3%, +0.1% yr / WSJ / R

US – Jun: Housing Starts Rose; +9.8% from -10.2% / WSJ / R / cr *



MARKETS

Biotech – US bull run sets scorching pace FT / FT * * *

Venture Capital – Investments Hit $19b in Q2 WSJ *



ECONOMICS

Brazil – Retail sales shine light on economy’s decline FT * *

Brazil – The End of the Road for Mortgage Boom b * * *

Brazil – Budget axe falling too heavily on us, say businesses FT * *



POLITICS & FISCAL POLICY

Brazil – Jolted by Probe of Ex-Leader ‘Lula’ WSJ / FT



MONETARY POLICY

FINANCE

REAL ESTATE

UK – House prices rise with few properties on market FT / ft / FT * *

UK – Residential prices rise e * *

UK – London’s luxury homes bubble loses air FT * * *

UK – Mortgages cheapest on record FT *

UK – Mortgage approvals signal pick-up in housing activity FT * *

UK – Osborne plans ‘non-dom’ tax crackdown FT / FT / FT

UK – London faces council housing wipeout FT / FT * *

UK – Church of England and Crown Estate Braced for Cooling London WSJ *

UK – Lack of brownfield data hampers London housebuilding FT

UK – Housebuilding on protected greenbelt soars FT

UK – Planning system faces shake-up in productivity drive FT / FT / FT

UK – The £24b Property puzzle FT * * *



LABOR & EDUCATION

SERVICES

MANUFACTURING

TECH

Chips – Gear Makers Coming Back Into Season WSJ

Chips – Intel chief raises doubts over Moore’s Law FT / WSJ / FT

Tech – Silicon Valley Doesn’t Believe US Productivity Is Down WSJ *



TRADE & TRANSPORTATION

Air – What Does It Take to Prove Airline Collusion? B *

Air – India’s Biggest Airline May Carry a Go-Go Price WSJ *

Air – On Asia’s Flights, Potentially Dangerous Mistakes Go Unreported WSJ * *

Air – New Normal: More Seats, Fewer Flights WSJ *



COMMODITIES

Cocoa – Ghana expects recovery in output to follow shortfall FT

Cocoa – Ageing farmers pose risk for Ghana industry FT *

Cocoa – N. American grind falls to 2-1/2-year low R *



ENERGY & ENVIRONMENT

Nuclear – Long-delayed plant in Tennessee nears completion AP

Nuclear – France moves to salvage key reactor sector AFP / FT

Nuclear – Plant Closing Reflects Overhaul of German Energy Production NYT

Nuclear – UK industry confident over long-term prospects FT *

Nuclear – Japan’s Plutonium Stockpile Creates a Headache WSJ *

Nuclear – Emissions goal may help Japan advocates N *



HEALTH

ENDNOTE

The Most Nightmarish Patent for Plane Seating Ever wired / bi * *



Today’s Issue Cluster: Saudi Arabia

Greece – Might Be Better Off Outside Eurozone, Germany Says
Rubber – China factors send market seesawing
Pharmacies – Specialty Stores Proliferate, Along With Questions



MAJOR DATA POINTS

US – Jul: NAHB Home-Builder Confidence At Highest Level in Nearly a Decade; 60 from 60 / WSJ / cr *

US – Week: Applications for jobless aid fall; -15k to 281k / AP / B / WSJ / R



MARKETS

Bonds – ECB’s buying challenges covered bonds FT * *

Bonds – Treasury trading swept up in rapid change FT *



ECONOMICS

Saudi Arabia – The Cold War With Iran Heats Up fp / DT

Saudi Arabia – The Saudi succession: A palace coup e *

Saudi Arabia – Restructures oil sector FT

Saudi Arabia – Thirst for Domestic Oil Swells WSJ

Saudi Arabia – Burns through foreign reserves FT *

Saudi Arabia – Puts Squeeze on Foreign Workers WSJ *

Saudi Arabia – The challenged kingdom E * * * *

Saudi Arabia – Business Opening Drives Social Changes WSJ *



POLITICS & FISCAL POLICY

Greece – ECB Weighs Emergency Funding After Tsipras Wins Vote FT / WSJ / B / NYT / R

Greece – EU agrees on €7b bridge loan FT / WSJ / NYT

Greece – Might Be Better Off Outside Eurozone, Germany Says NYT / FT / AP / bruegel *

Greece – Third rescue met with widespread scepticism FT * *

Greece – IMF signals it could walk away from bailout deal FT / WSJ / NYT / B

Greece – Sinking feeling for bondholders FT *

Greece – Reforms Would Face Political Legal Backlash in Germany WSJ / B *

Greece – Crisis Dulls Appetite for Euro in Countries Waiting to Adopt It NYT



MONETARY POLICY

FINANCE

REAL ESTATE

LABOR & EDUCATION

US – Fed’s Beige Book Offers Hints of Rising Wages WSJ

US – LA Garment Industry Frets Over Pay Hike WSJ *

US – Union Talks With Auto Makers to Focus on Tiered Pay WSJ * *



SERVICES

Online – How 20 Years of Amazon Changed Retail WSJ *



MANUFACTURING

TECH

Streaming – Netflix dashes past 65m subscriptions FT / WSJ *

Streaming – Google Takes On Pandora WSJ



TRADE & TRANSPORTATION

COMMODITIES

Palm Oil – Malaysian heavyweights look overseas for growth N *

Rubber – China factors send market seesawing N *



ENERGY & ENVIRONMENT

Alt – Clean global economic growth now ‘within reach’ FT *

Alt – Electric cars on the East Coast pollute more than gas cars bi *

Alt – Cheap oil endangers poorer nations’ switch to renewable energy FT * * *



HEALTH

Pharmacies – Specialty Stores Proliferate, Along With Questions NYT

Pharmacies – How CVS Quit Smoking and Grew Into a Health Care Giant NYT



ENDNOTE

Pluto and Charon Compared to Earth motw *



Today’s Issue Cluster: Iran Deal

BOC – Canada Cuts Rates, Fans Real Estate Flames
Garments – China costs and Bangladesh accidents direct factories to Africa
Mobiles – Rising wage costs in China leads Foxconn to India



MAJOR DATA POINTS

China – Q2: GDP growth flat; +7.0% from +7.0% / AFP / AP / R / NYT / FT / CD *

China – Jun: Industrial output up; +6.8% from +6.1% / X *

China – Jun: YTD Fixed-asset investment flat; +11.4% from +11.4% / X *

China – Jun: Retail sales up; +10.6% from +10.1% / X *

US – Jun: Factory output flat, held back by sharp drop in auto production AP / B / WSJ

US – Jun: Producer Prices Rise; +0.4% from +0.5% / WSJ / R / AP



MARKETS

China – Gains Fade, Shares End Lower WSJ *

China – Stocks Tumble Again as Investors Doubt Beijing’s Help WSJ / R *

China – Decreasing margin debt and those ETFs ft *

China – Beijing’s Maneuvers Disenchant Global Investors WSJ / FT / FT *

China – Finds Cushions to Avert Stock-Market Damage WSJ *

China – Short-Term Fixes May Impede Long-Term Goals WSJ *



ECONOMICS

World – Investors should hope that traditional warning lights are wrong FT *

World – IMF GDP growth revisions for 2015 / ft *



POLITICS & FISCAL POLICY

Iran – Businesses eye huge opportunities FT / WaPo * *

Iran – Carmakers eye golden opportunity FT * * *

Iran – Business Deals Rarely Smooth WSJ *



MONETARY POLICY

Fed – Yellen Warns Congress Against Adding Oversight NYT / WSJ / FT / R / AP / B

Fed – Risks repeat of rate rise mistakes FT * *

Fed – Not in Step With Markets for Rates Dance WSJ *

Fed – Currency traders await an Austen heroine FT * *

Fed – Flounders in Political Arena WSJ *

BOC – Canada Cuts Rates, Fans Real Estate Flames B / R / G&M / FP / CBC *



FINANCE

US – Earnings Show Bad Loans on the Decline WSJ *



REAL ESTATE

LABOR & EDUCATION

China – Hidden Strains Lurk in Job Market, IMF Says WSJ



SERVICES

China – Consumers go local for daily necessities FT * *



MANUFACTURING

Garments – China costs and Bangladesh accidents direct factories to Africa WSJ



TECH

Mobiles – Rising wage costs in China leads Foxconn to India FT / N



TRADE & TRANSPORTATION

COMMODITIES

Pork – US High on the Hogs WSJ *

Pork – Antibiotics abuse makes China’s a hotbed for drug-resistant bugs CER *



ENERGY & ENVIRONMENT

Oil – Iran Deal Raises Prospect of Fresh Glut WSJ / NYT * * *

Oil – Iran’s Discount Deal WSJ *

Oil – China a Winner in Iran Deal WSJ *

Oil – Will Saudi output go up to 11m b/d? FT *



HEALTH

ENDNOTE

Bloomberg spoof alert! Google is not buying Twitter (today) ft *



Today’s Issue Cluster: Greece

Canada – A recession may already have started
Defense – Export Ban Lifted, Japan Cautiously Markets Wares Abroad
Fish Oil – A $1.2b industry built, so far, on empty promises



MAJOR DATA POINTS

EZ – May: Industrial production falls; -0.4%, +1.6% yr / WSJ *

Germany – Jul: ZEW Investor Confidence Falls a Fourth Month; 29.7 from 31.5 / B / AP / AFP *

US – Jun: Retail Sales Fall; -0.3% from +1.0% / WSJ / R / AP / cr *

US – May: business inventories increase modestly; +0.3% from +0.4% / R

US – Jun: Import Prices Fall; -0.1%, -10% yr / WSJ

US – Jun: NFIB Small Business Optimism Index Fell; 94.1 from 98.3 / cr *



MARKETS

ECONOMICS

Canada – Jobs Loss in June Ratifies Faltering-Economy View B

Canada – A recession may already have started E *



POLITICS & FISCAL POLICY

Greece – Eurozone Leaders Reach Agreement WSJ / FT / NYT / B *

Greece – Needs debt relief far beyond EU plans – Secret IMF report R

Greece – Tsipras Faces Mutiny B / WSJ / FT / R / B *

Greece – ‘Athens lost’ b / B / FT *

Greece – ‘Berlin lost’ ft / FT

Greece – ‘Brussels lost’ ft / nyt / afp / ft / ft / NYT

Greece – Debt trends, in absolute terms / ft *

Greece – Europe’s Debt Problem Has Deep Roots WSJ / NYT * *

Greece – Deal Will Take Time to Reach Banks WSJ / WSJ * * *

Greece – ECB emergency loans for stricken banks FT / FT / NYT * *

Greece – Bank Buffer Looks Pretty Thin WSJ *

Greece – ‘Lots of pain, little gain’ b *

Greece – Shipping Industry Frets Over Higher Taxes WSJ

Greece – Battle Is Reflected in Spanish Politics WSJ / WSJ *



MONETARY POLICY

BOC – Interest rate cut back on the table after Canadian economy shrinks FP



FINANCE

REAL ESTATE

LABOR & EDUCATION

SERVICES

MANUFACTURING

Defense – Export Ban Lifted, Japan Cautiously Markets Wares Abroad NYT

Defense – Fighter-Jet Makers Scramble for Survival WSJ / IBD

Defense – US Firms Falter in Asia WSJ *

Drones – Regulators race to keep up N * * *



TECH

TRADE & TRANSPORTATION

TPP – US weighs completing trade deal without Canada R / WSJ



COMMODITIES

Aluminum – Warehouse Crackdown Cuts Costs WSJ * *

Aluminum – Alcoa shines a light on China’s “fake semis” trade r *



ENERGY & ENVIRONMENT

Coal – States Take Aim at Power-Plant Rules WSJ

Coal – Gas overtakes at US power stations FT / AP

Coal – ND lignite projects languish AP

Coal – France rows back on export subsidies amid job loss fears FT

Coal – ‘The Latest Sign It’s Getting Killed’ B

Coal – ‘The global renaissance’ vox *



HEALTH

Fish Oil – A $1.2b industry built, so far, on empty promises WaPo *



ENDNOTE

Population comparison, US rough equivalents of Canada provinces reddit *



Today’s Issue Cluster: China

Cable – Comcast Offers Its Alternative, Using the Web
Oil – US: ND output stabilises but does not fall
Pharma – Indian struggle to tighten standards paves way for M&A deals



MAJOR DATA POINTS

China – Jun: Exports Grow, but Remain Weak; +2.8% from -2.5% / WSJ / FT / AP *



MARKETS

China – Investors Hang On as Market Swings WSJ / NYT *

China – Investors Pull Back from Margin Financing WSJ *

China – Wary of killing rally with margin lending curbs FT / WSJ

China – Crackdown on Margin Lending Hits Peer-to-Peer Lenders WSJ

China – Myth of retail investor understates large players’ role FT *

China – Indices are removed from reality FT / WSJ *

China – Market-tracking ETFs roiled by share suspensions FT *

China – Big boom and bust cycles are typical WSJ *

China – Regulators on hook for stock slide FT *

China – Blow-out has Hong Kong basking in financial hub glow R

World – Crises All Fall Short of Going Global WSJ *



ECONOMICS

China – Signs of a Growing Hush in Economy NYT

China – Rescue places renminbi reform under threat FT *



POLITICS & FISCAL POLICY

China – Beijing Faces New Challenges After Rout WSJ *



MONETARY POLICY

PBOC – Tests QE with Chinese characteristics FT



FINANCE

REAL ESTATE

China – Turmoil threatens to spread to the property sector FT

China – Rich seek shelter from stock market storm in foreign property R



LABOR & EDUCATION

SERVICES

Cable – Comcast Offers Its Alternative, Using the Web NYT

Cable – ESPN Tightens Its Belt as Pressure on It Mounts WSJ *

Cable – Little-Known French Billionaire Circles US Market WSJ *



MANUFACTURING

TECH

Mobiles – China’s gyrations may bring testing times for Apple FT

Mobiles – Apple’s Share of Smartphone Industry’s Profits Soars to 92% WSJ * *

Mobiles – Google, Facebook vie for 2 billion potential users in Asia N *



TRADE & TRANSPORTATION

COMMODITIES

Mining – Debt Load Digs Into Industry WSJ * * *

Mining – Companies sucked into Chinese stock market’s vortex FT * *



ENERGY & ENVIRONMENT

Oil – IEA Says Prices May Fall More Amid Slowing Demand WSJ / FT / B * * * *

Oil – Production Shows Signs of Flagging WSJ / FT

Oil – Hedging pressure set to sap prices FT * *

Oil – US: ND output stabilises but does not fall r * *

Oil – Mexico: the big sell off FT * * *

Oil – Nigeria: back to the drawing board FT * *



HEALTH

Pharma – Indian struggle to tighten standards paves way for M&A deals R

Pharma – Drugmakers premiere summer blockbusters FT * *



ENDNOTE

How The ArtNews Top 200 Art Collectors List Has Changed an / an *



Today’s Issue Cluster: Shale

Puerto Rico – Shippers push back in battle over import costs
Japan – Chinese Descend on Property Market, Pushing Prices Up
Cigs – Smoking rates still rising in many countries, even some in the rich world



MAJOR DATA POINTS

Canada – Jun: Sheds jobs; -6,400 from +58,900 / CBC / FP / G&M *

US – May: Wholesale inventories rise; +0.8% / R



MARKETS

Yen – Rally fuelled by fears of China turmoil spilling over FT * * *



ECONOMICS

Japan – Abe counting on growing way out of fiscal mess N * *

Japan – Tankan shows effects of Chinese buying spree N *

Japan – Travel balance turns positive 1st time in 55 years N *



POLITICS & FISCAL POLICY

Puerto Rico – Pain Is Tied to Minimum Wage WSJ *

Puerto Rico – Shippers push back in battle over import costs R *



MONETARY POLICY

BOJ – Is quantitative easing putting solvency at risk? N *



FINANCE

REAL ESTATE

Japan – Chinese Descend on Property Market, Pushing Prices Up B

Japan – Tokyo is Asia’s hottest investment destination N *



LABOR & EDUCATION

Japan – Population slide set to accelerate FT

Japan – Women in the workforce FT * * * *



SERVICES

Cigs – Smoking rates still rising in many countries, even some in the rich world E *

Cigs – Hawaii Raises Smoking Age To 21 / dv *



MANUFACTURING

TECH

TRADE & TRANSPORTATION

COMMODITIES

Crops – Cereals: El Niño hits Asian and African production FT

Crops – Wheat: Concerns over US winter harvest may boost low prices AP

Crops – Corn: Ukraine set to become top exporter to China FT *

Crops – Rice: Asia prices poised to climb as drought deepens N *

Crops – Rice: Myanmar hungry to become top exporter again N *



ENERGY & ENVIRONMENT

Shale – Has been stymied by Saudi Arabia, says Shell CEO FT *

Shale – Drillers’ Safety Net Is Vanishing B *

Shale – Refracking Is the New Fracking B * *

Shale – US industry has a future; many firms do not E * * *

Shale – US equity sales slow FT * *

Shale – PA Governor and Fracking Sector Face Off WSJ *

Shale – NY farmer group proposes fracking using propane AP

Shale – UK fracking boom hits northern setback FT / WSJ / NYT / FT



HEALTH

ENDNOTE

The Tour De France Used To Be Way Longer dv *



Today’s Issue Cluster: Metals

Greece – Euro, Envisioned as Force for Unity, Becomes Weapon
TPP – Potential Impact Weighed in Asia and US
Arctic – A region braces itself for Russia’s next move



MAJOR DATA POINTS

China – Jun: CPI up; +1.4% from +1.2% / AFP / X *

China – Jun: PPI down; -4.8% from -4.6% / X *

Germany – May: Trade surplus hits new record; +€22.8b from +€22.3b / AP / AFP

US – Week: Jobless claims rise to highest level since February; +15k to 297k / R / WSJ



MARKETS

China – Beijing’s Efforts Have Failed to Tame Market WSJ / FT / WSJ * * *

China – Beijing’s barrage of support stems rout FT / WSJ / NYT *

China – Who Blew Up Stock Bubble? B / CER *

China – Stock Sale Ban Draws Scorn B / R / WSJ / FT / B / NYT / b *

China – Stock crash sparks fears of contagion to financial system FT / WSJ *

China – Rout Spills Into Debt, Currency Markets WSJ *

China – Equity rescue: The cost of a bigger boat b * *



ECONOMICS

World – Data point to poorer middle class FT * * * * *



POLITICS & FISCAL POLICY

Greece – Fear Grows as Decisive Hour Nears WSJ *

Greece – ‘Countdown to Grexit’ FT / ft * *

Greece – Banks face closures, bailout or not R

Greece – ECB Holds Key to Future WSJ *

Greece – Crisis Sparks Fears of Contagion Among Neighbors WSJ

Greece – Euro, Envisioned as Force for Unity, Becomes Weapon NYT

Greece – German Critics Say Bailout Was Doomed From Start WSJ / *

Greece – Germany’s Power Polarizes Europe WSJ *

Greece – Germany Has a Lot to Lose in a Grexit WSJ *



MONETARY POLICY

Fed – Global Tumult Gives Pause on Rates WSJ / FT / NYT / R / B / AP / FT *



FINANCE

REAL ESTATE

LABOR & EDUCATION

SERVICES

MANUFACTURING

TECH

Mobiles – Microsoft to Cut 7,800 Jobs on Nokia Woes WSJ *

Mobiles – Smartphone growth to slow this year N / WSJ *

Mobiles – Sharp Wants Deep Price Cuts From Suppliers WSJ *



TRADE & TRANSPORTATION

TPP – Potential Impact Weighed in Asia and US NYT

TPP – Butter On the Table in Trade Talks as Japan Faces Shortage WSJ *



COMMODITIES

Metals – China’s equity rout sparks meltdown FT / WSJ *

Metals – The Mining Supercycle’s Long Goodbye WSJ *

Iron – Recovery Turns to Rust WSJ / WSJ *

Steel – Demand May Improve on ‘One Belt One Road’ b * * * *

Nickel – ‘Industry Is in a Severe Depression’ b *

Nickel – Knives out despite bullish supply signals r *

Aluminum – Glut Dents Alcoa’s Prospects WSJ / FT / WSJ *

Rare Earths – Fate of miners rests on China smuggling crackdown R



ENERGY & ENVIRONMENT

Arctic – A region braces itself for Russia’s next move N *

Arctic – Shell Places Huge Bet on Arctic WSJ *



HEALTH

ENDNOTE

Peak Road, Hong Kong is Most Expensive Street dv *



Today’s Issue Cluster: India

Petrochemicals – Synthetic resin prices firm
Dairy – US Producing Record Amount of Milk and Dumping the Leftovers
Insurance – Sharp Drop in Spending on Birth Control



MAJOR DATA POINTS

MARKETS

Bonds – US, Germany, UK Rally on Global Uncertainties WSJ

Bonds – Asia’s Rich Show Love for Junk WSJ *

Bonds – Liquidity pitfalls threaten parched markets FT * * *



ECONOMICS

India – Pressure rises on stock exchanges to list FT *

India – Set to change listing rules for start-ups FT * *

India – Infrastructure Built on Debt FT * * * *

India – Ecommerce groups target online grocery shoppers FT * *



POLITICS & FISCAL POLICY

India – Reforms Set Stage for Growth b * *



MONETARY POLICY

FINANCE

India – Companies Bypass Banks WSJ *



REAL ESTATE

India – Reforming other bits of its economy, but not farming E *

India – Land in demand FT *



LABOR & EDUCATION

SERVICES

E-Cigs – FDA Proposes Warning Labels on Liquid Nicotine Bottles WSJ

E-Cigs – FDA Cloud Hangs Over Vape Shops WSJ *



MANUFACTURING

Petrochemicals – Synthetic resin spot prices firm in Asia N *

Plastics – Companies stretched by rising prices FT * *



TECH

TRADE & TRANSPORTATION

COMMODITIES

Dairy – Brussels cheese ruling grates with Italians FT *

Dairy – US Producing Record Amount of Milk and Dumping the Leftovers B * *



ENERGY & ENVIRONMENT

Coal – Australian miners cry foul over China testing regime FT

Coal – German government drops plans for contested tax AFP

Coal – Mick Davis is ready to make a contrarian bet FT



HEALTH

Insurance – Sharp Drop in Spending on Birth Control NYT

Insurance – Fight Over Affordable Care Act Turns to Medical-Device Tax WSJ



ENDNOTE

The world’s tallest cow dies after a lifetime of Photoshop accusations CBC *



Today’s Issue Cluster: China

Currencies – Skirmishes become pitched battles
Commodities – Yuan globalization shifts commodities trading
Oil – Approaches bear market



MAJOR DATA POINTS

Canada – May: Trade deficit 2nd highest ever; -$3.3b / CBC / B

US – May: Trade Gap Increases Modestly; +2.9% to -$42b / WSJ / R / AP / cr *

US – May: JOLTS Jobs Openings increased; 5.36m from 5.33m / cr *



MARKETS

Currencies – Skirmishes become pitched battles FT

Currencies – Bet on Aussie offers respite from Greece FT *

Currencies – Aussie and kiwi hit by China fears FT

Currencies – Mexico’s Peso Is Stung by Bets on US Rates WSJ *

Currencies – Korea’s wonky won defies convention FT * *



ECONOMICS

China – Stocks fall in defiance of Beijing’s support efforts FT / WSJ / R / NYT / B

China – Blue-chips get Beijing boost FT / ft *

China – Slump Spreads as Alibaba Sinks B

China – Companies accelerate US corporate exodus FT *



POLITICS & FISCAL POLICY

China – Market turbulence tests Xi’s reform agenda FT / FT / WSJ



MONETARY POLICY

PBOC – Will China join the zero interest rate club? FT *



FINANCE

China – Slump in equities heralds surge in bad debt FT / NYT * * *

China – Bank Listing Gives Glimpse of Rising Bad Debt WSJ *

China – Bad loans pile up at small, unlisted banks E *



REAL ESTATE

China – Zeroing in on empty homes, Beijing throws developers a lifeline R

China – Green shoots in flagging property market FT *



LABOR & EDUCATION

China – Hunger for Robots Marks Significant Shift WSJ *



SERVICES

Gaming – Macau Gambling Revenue Falls for 13th Straight Month WSJ

Gaming – Macau casino shares rally after China reverses visa policy FT

Gaming – Macau Builds, but Gamblers Don’t Come WSJ *



MANUFACTURING

TECH

TRADE & TRANSPORTATION

COMMODITIES

Commodities – Yuan globalization shifts commodities trading b * *

Commodities – Fall saves China’s blushes FT *

Commodities – China: Cornering the markets E *

Commodities – Markets diverge as supply and demand come to the fore FT *

Commodities – Get Ready to Weather the Price of El Niño WSJ *



ENERGY & ENVIRONMENT

Oil – Approaches bear market FT / WSJ * * *

Oil – Headed for bear market after biggest drop in five months FT / WSJ *

Oil – Market throws cold water on US export ban push FT * *

Oil – Iran Wants to Double Exports WSJ / B *

Oil – Stocks Hit Two-Year High in Europe Hub WSJ * *

Oil – Oversupply Meets Rising Demand in Quietest Market Since 2013 B *



HEALTH

ENDNOTE

Day & night populations: NY, Chicago, SF time * * *



Today’s Issue Cluster: US Labor

Ship – Cargo Industry Gloomiest Since 2009 as Glut Endures
Insurance – US Companies Seek Big Rate Increases for 2016
Insurance – In Health Law, a Boon for Diet Clinics



MAJOR DATA POINTS

Germany – May: Factory orders slip; -0.2% from +2.2% / AP / b *

US – Jun: ISM services rises; 56.0 from 55.7 / AP / R / cr *



MARKETS

China – To Suspend New Stock Sales to Preserve Liquidity WSJ / FT / NYT / R / WSJ *

China – Stabilizes But HK Shares Plunge WSJ / NYT / FT / R / WSJ *



ECONOMICS

POLITICS & FISCAL POLICY

Greece – Defies Europe with overwhelming referendum ‘No’ FT / WSJ / R / AP / NYT / B

Greece – Finance Minister Resigns WSJ / FT / R / NYT / pol *

Greece – Mirage of Economic Turnaround Masked New Crisis WSJ *

Greece – Needs €60b in new aid, says IMF FT *

Greece – Banks prepare plan to raid deposits to avert collapse FT / NYT

Greece – Shows ECB’s stress tests were nonsense ft

Greece – Capital controls squeeze a suffocating economy FT *

Greece – Cash Crunch Hits Everyday Life WSJ *



MONETARY POLICY

Fed – Jobs Report Keeps Bank on Track for 2015 Rate Increase wsj

Fed – Slower US bond demand may urge rethink FT *

Fed – When economists and markets diverge FT *



FINANCE

UK – Bankers call for Budget rethink on levy FT / R

UK – The Wider Cost of Banks Behaving Badly WSJ *



REAL ESTATE

LABOR & EDUCATION

US – Jobs Market Continues Its Fitful Recovery WSJ / FT / NYT / IBD *

US – Stands Out on Labor Force Participation Rates wsj / B * *

US – Wage Measures Send Mixed Signals WSJ *

US – Jobs Gains Don’t Ease Spending Strains WSJ *

US – ‘Jobs Numbers Are Weaker Than They Look’ nyt / wsj *

US – Jobless claims adjusted for the labor force cd *

US – Seen That Job Listing for a While? It’s No Coincidence WSJ *



SERVICES

MANUFACTURING

Ship – Surf’s up as cruise vessel orders hit record FT *



TECH

TRADE & TRANSPORTATION

Ship – Cargo Industry Gloomiest Since 2009 as Glut Endures B



COMMODITIES

Copper – China’s low rates sound death knell for carry trade FT / FT / FT / FT

Copper – China’s scrap imports in long-term decline r * *



ENERGY & ENVIRONMENT

HEALTH

Insurance – Aetna to buy Humana for $37b FT / WSJ / NYT *

Insurance – US Companies Seek Big Rate Increases for 2016 NYT

Insurance – In Health Law, a Boon for Diet Clinics NYT



ENDNOTE

Europe’s Most Useful Foreign Languages statista *

Europe’s Second Most Useful Foreign Languages statista *