Bz Nwz

Today’s Issue Cluster: Mobiles

Japan – Zero inflation spurs calls for overhaul of Abenomics
China – Doubts rise over official GDP growth rate
Oil – Expect US output to slump? Better not overlook vertical wells



MAJOR DATA POINTS

NZ – Q2: Growth disappoints; +0.4% from +0.2% / AFP

Japan – Aug: Trade deficit narrows on lower oil imports / AP

US – Aug: Housing Starts Fall; -3% / WSJ / R / B

US – Week: Jobless Claims Fall; -11k to 264k / WSJ / B



MARKETS

Japan – US funds see Tokyo as answer to overexposure at home N *



ECONOMICS

Japan – Zero inflation spurs calls for overhaul of Abenomics B *

Japan – Doubts Emerge Over Abenomics WSJ *

Japan – Manufacturing back in the vogue thanks to the weaker yen FT *

Japan – Political storm over sales tax relief plan FT



POLITICS & FISCAL POLICY

China – Doubts rise over official GDP growth rate FT / ft / b *

China – Coal data cast doubt on stalling of world CO2 R

China – Activity on disputed islands raises doubt over halt claim FT



MONETARY POLICY

Fed – Markets May Be Flashing a Wait Sign WSJ *

Fed – Wall Street Has Doubts About Lifting Rates WSJ *

Fed – Rate Increases Help Banks First WSJ

Fed – Exit May Hit Economy Faster Than in Past Cycles B * *

Fed – Asset Managers Face Tough Choice If Rates Rise WSJ *

Fed – The story of the central bank’s “dot plot” B

Fed – Higher Rates a Risk for EM Debt WSJ *

Fed – EM companies worry about higher US rates FT *

Fed – Alone on expectations bi *



FINANCE

REAL ESTATE

LABOR & EDUCATION

Japan – Workers’ Piece of Pie Smallest in More Than Two Decades wsj *



SERVICES

Food – Prices Drop Most in 7 Years on Grain Glut, China Rout B *

Food – UK’s Free-for-All Heads Across the Pond WSJ * *



MANUFACTURING

TECH

Mobiles – Apple says new iPhone sales to beat record FT / WSJ / R / WSJ *

Mobiles – iPhones sold on first weekend / bi *

Mobiles – ‘Apple Shares Could Rally 50% on New iPhone Plan’ Bn *

Mobiles – China’s smartphone startups face falling demand N *

Mobiles – Suppliers Hope to Tap Into New iPhones’ ‘3-D Touch’ WSJ *

Mobiles – Taiwan’s chip industry consolidating at last N

Mobiles – Chipmaking: Impact of Intel spending cuts hits Japan N *



TRADE & TRANSPORTATION

COMMODITIES

ENERGY & ENVIRONMENT

Oil – Braces for Financial Reckoning WSJ / FT *

Oil – Expect US output to slump? Better not overlook vertical wells R *

Oil – Pumping More From Each Well Prolong Crude Glut B *

Oil – Goldman Sees 15 Years of Weak Crude B *

Oil – Sands companies make transition to low-cost production FP

Oil – Stalled Field Project Adds to Iraq’s Woes WSJ *



HEALTH

ENDNOTE

More neighbours make more fences e *



Today’s Issue Cluster: Alcoholic Beverages

EU – Plans for Euro-Zone Tax Take Shape
ECB – Economists expect QE expansion
Cloud – With abundant energy, Iceland woos power-hungry data centers



MAJOR DATA POINTS

US – Aug: Consumer Prices Fall, Muddling Fed Decision; -0.1% from +0.1% / R / WSJ / B / AP

US – Sep: NAHB Builder Confidence highest in decade; 62 from 61 / WSJ / cr *



MARKETS

ECONOMICS

EU – Port of Hamburg Shows Germany Is Vulnerable on China Trade WSJ *

EU – Public Debt with Credit Ratings / bm *



POLITICS & FISCAL POLICY

EU – Plans for Euro-Zone Tax Take Shape S

EU – Result of referendums on membership / reddit *



MONETARY POLICY

ECB – Asset Buying Slows to Weakest B *

ECB – QE: Failure to spark FT *

ECB – Many say it’s time to ramp up QE. But how? r * *

ECB – Economists expect QE expansion / b *

ECB – Outweighs Fed as fund flow influence FT *



FINANCE

EU – Banks could need €26b in extra capital FT *



REAL ESTATE

EU – Housing market is showing signs of recovery FT *



LABOR & EDUCATION

EU – Where population has increased (red) or decreased (blue) / la *



SERVICES

MANUFACTURING

F&B – AB InBev approaches SABMiller to explore $275b tie-up FT / WSJ / B / R / NYT * * * * * * *

F&B – Big Volumes Don’t Mean Big Profits in China’s Beer Market WSJ *

F&B – China is second in the world by area of vineyards ft *

F&B – Brewers ferment big plans in Southeast Asia FT * *

F&B – Kirin gains Southeast Asia foothold by buying Myanmar brewer N *

F&B – Asia beer battle bubbles up as Heineken launches in Myanmar FT * *

F&B – Brewers’ craft poised to tap more parts of the US FT / R / WSJ * *

F&B – Brewers Add Booze to Root Beer WSJ *

F&B – Moosehead sees bootlegging increase with import rules change G&M

F&B – Distilleries make a spirited return as boutique booze flourishes FT / R / WSJ *

F&B – Liquor Giant Taps African Market WSJ * *

F&B – People in rich countries are the ones imbibing less alcohol E *



TECH

Cloud – With abundant energy, Iceland woos power-hungry data centers R *

Cloud – Startups Dash Into Hot Data-Storage Sector WSJ

Cloud – Kingpins Slow to Adapt to Own Movement WSJ *



TRADE & TRANSPORTATION

COMMODITIES

Beef – Meaty Profits Slow Antibiotic-Free Production WSJ *

Beef – Canadians eating less meat G&M *



ENERGY & ENVIRONMENT

NatGas – Asia Inc. cooperating to secure cheaper LNG N *

NatGas – Iran Could Become Major Supplier to EU WSJ

NatGas – Eni plans east Mediterranean export hub R *

NatGas – Gazprom Banks on China WSJ

NatGas – Drillers Unleash ‘Super-Size’ Output WSJ *



HEALTH

ENDNOTE

Alcohol map of Europe; Blue=Vodka, Yellow=Beer, Red=Wine wiki *



Today’s Issue Cluster: Uber

EMs – Currencies: Things Look to Get Worse
Brazil – Downgrade Leaves Firms With $270b Debt Hangover
Auto Parts – Retailers Enjoy Smooth Ride In Wild Market



MAJOR DATA POINTS

Germany – Sep: ZEW investor sentiment slumped; 12.1 from 25.0 / AFP / B *

US – Aug: Industrial Production Fell; -0.4% from +0.9% / WSJ / R

US – Aug: Retail Sales Rise; +0.2% from +0.7% / WSJ / R / B / cr *



MARKETS

EMs – Stocks: Bargains Can Be Risky WSJ

EMs – Currencies: Turkish Lira Falls to Record Low WSJ *

EMs – Currencies: Tumble back to 2002 levels FT * *

EMs – Currencies: A tale of two emerging markets FT *

EMs – Currencies: Things Look to Get Worse WSJ * *



ECONOMICS

EMs – Slump raises fears of capital controls FT *



POLITICS & FISCAL POLICY

Brazil – Pitches Budget Cuts and Tax Hikes FT / B / WSJ / FT / FT / NYT * * *

Brazil – Recession, high rates doomed rating B * *

Brazil – Rejection, charted ft *

Brazil – Downgrade Leaves Firms With $270b Debt Hangover B *

Brazil – Moves to soothe downgrade jitters FT *

Brazil – Value investors call bottom to plunge FT *



MONETARY POLICY

EMs – Central bankers: ready for end of low-rate party? FT



FINANCE

Brazil – Some lenders could prosper though the economy struggles FT *



REAL ESTATE

LABOR & EDUCATION

SERVICES

Luxury – Chinese Open Wallets in Europe WSJ *

Luxury – Talent flow reverses FT * *

Luxury – India Embraces as China Turns Cool WSJ *



MANUFACTURING

Auto Parts – German Makers See Bigger Role in Technology WSJ

Auto Parts – Retailers Enjoy Smooth Ride In Wild Market IBD



TECH

Uber – Why It Can’t Conquer The Planet (Yet) Forbes * *

Uber – India: Resumes ride-hailing fight with vehicle leasing with Ola FT

Uber – China: Rethinks its playbook FT / WSJ / R / WSJ

Uber – Chinese Rival Quietly Backs Lyft WSJ / FT

Uber – US: ‘The great taxicab collapse’ cd * *

Uber – Asean: GrabTaxi holds ground in Southeast Asia N *



TRADE & TRANSPORTATION

COMMODITIES

ENERGY & ENVIRONMENT

HEALTH

ENDNOTE

Democrats prefer Lennon; Republicans and Independents McCartney e *



Today’s Issue Cluster: Oil

Fed – Interest rate futures indicate 28% chance of a rise
Online – ‘Alibaba: Why It Could Fall 50% Further’
Silicon Valley – Baidu Says Investors Don’t Get China’s Coming Internet Boom



MAJOR DATA POINTS

China – Aug: Industrial output up; +6.1% yr from +6.0% yr / AFP

EZ – Jul: Industrial Output Up More Than Expected; +0.6%, +1.9% yr / WSJ / B / eu *



MARKETS

Stocks – ‘Fears grow over US bubble’ FT / bi *



ECONOMICS

POLITICS & FISCAL POLICY

UK – Marx admirer Corbyn elected Labour leader R / WSJ / FT / NYT / E

UK – Corbyn victory tilts the balance towards Brexit ft / FT / FT

UK – McDonnell poised to come out fighting FT

Australia – New Prime Minister elected by Liberal MPs FT / WSJ / AP / R / B *



MONETARY POLICY

Fed – Interest rate futures indicate 28% chance of a rise FT * *

Fed – More red lights than green E *

Fed – Most Economists Predict Hold WSJ / WSJ / FT *

Fed – Higher Interest Rates Haven’t Been Sticking WSJ *



FINANCE

US – Interest rate rise: Redemption at last for banks? FT * * * *



REAL ESTATE

LABOR & EDUCATION

SERVICES

Online – ‘Alibaba: Why It Could Fall 50% Further’ Bn * *

Online – How Much Shoppers Are Spending / statista *



MANUFACTURING

TECH

Silicon Valley – China Flexes Muscles Before Industry Meeting NYT / FT

Silicon Valley – Tech Companies Cozy Up to China WSJ

Silicon Valley – Google Pursuing a Return to China WSJ / R

Silicon Valley – Baidu Says Investors Don’t Get China’s Coming Internet Boom B / FT

Silicon Valley – Chill Descends at Chinese Startups WSJ *

Silicon Valley – Google under fire for India market abuse FT

Silicon Valley – Tech Firms Make Pilgrimage to Brussels WSJ

Silicon Valley – Russia Puts Off Showdown With Technology Firms WSJ / FT



TRADE & TRANSPORTATION

COMMODITIES

Palm Oil – Malaysia, Indonesia consider steps to lift flagging market N *

Rubber – As Commodities Slump, It Falls More WSJ *

Lumber – IKEA Gets Deeper Into the Woods WSJ *



ENERGY & ENVIRONMENT

Oil – Non-Opec faces biggest decline in more than 20 years FT / WSJ / AP *

Oil – Slump Could Force Non-OPEC to Make Deep Cuts WSJ / IBD * *

Oil – Constraints limit storage at US refineries r *

Oil – Strippers’ Pose Dilemma for Industry WSJ *

Oil – North Sea at ‘serious risk’ of shutdown FT

Oil – Melting Ice Isn’t Opening Arctic to Bonanza NYT

Oil – US Report Finds Economic Benefits of Exports WSJ

Oil – ‘Americas Will Take Brunt of Output Cuts When Iran Returns’ B *

Oil – Low gasoline prices are supercharging fuel sales r *

Oil – China’s rising trading might R *



HEALTH

ENDNOTE

Socialists who bet on Corbyn come into a large amount of capital e *



Today’s Issue Cluster: Streaming

China – Media coverage of potential hard landing has gone parabolic
China – Beijing struggles to lure investors in local projects
China – A Forceful Crackdown in Response to Stock Market Crisis



MAJOR DATA POINTS

US – Sep: UMich Sentiment Lowest Level in a Year; 85.7 from 91.9 / B *

US – Aug: Producer prices tame; flat from +0.2% / R / WSJ / AP



MARKETS

China – Beijing’s market invasion comes at a cost FT * *

China – Investors Make Their Case for Buying Stocks Now WSJ *

China – ‘Market Volatility Nearing End, Says Official’ B / WSJ / FT *

China – Forex reserves in record fall R / WSJ / FT / NYT / WSJ *

China – How Long Can Beijing Keep Up Fragile New Exchange Rate? B * *

China – ‘Debt Crisis? The Other Side of the Ledger Suggests Not’ B * *



ECONOMICS

China – No Hard Landing, Premier Says WSJ / FT

China – Media coverage of potential hard landing has gone parabolic B *

China – Cuts 2014 Growth Estimate to 7.3% From 7.4% WSJ / FT *

China – `New Normal’ Growth Model Is Starting to Get Expensive B *

China – Beijing struggles to lure investors in local projects E *

China – Capital flight now a concern FT

China – Record number of listed companies in red N *

China – To face tough economic conditions for up to 10 yrs: minister K

China – HK PMI hits new low N *

China – ‘Turmoil Could be Just a Blip, If 1960s Japan Is a Guide’ B * *

China – Slowdown Could End Up Being Good News for US WSJ *

China – The world’s most dynamic consumer market E * *



POLITICS & FISCAL POLICY

China – A Forceful Crackdown in Response to Stock Market Crisis NYT

China – Where it gets its oil / motw *



MONETARY POLICY

World – Current monetary policies / bi *



FINANCE

World – New rules change risks and rewards of bank debt FT * *



REAL ESTATE

LABOR & EDUCATION

SERVICES

Gaming – Macau: GDP plunges FT *

Gaming – LV: Gains Unable To Offset Macau Losses IBD

Gaming – World: Industry set to win a bit less money this year e *



MANUFACTURING

TECH

Streaming – Apple TV wants viewers to change channel FT *

Streaming – How a Silicon Valley Project Became a Verizon App WSJ *

Streaming – Verizon launches free video service FT *

Streaming – Local TV Creates Hurdle WSJ

Streaming – Hulu Starts a Commercial-Free Option NYT / WSJ

Streaming – Can Netflix Become Must-See TV in Japan? BW / FT *



TRADE & TRANSPORTATION

COMMODITIES

Beef – Prices Sizzle WSJ *

Pork – Prices Sizzle B *



ENERGY & ENVIRONMENT

HEALTH

ENDNOTE

Pancakes vs waffles wapo *



Today’s Issue Cluster: Fed

Mobiles – Apple Chipmakers Slip; Who Wins In IPhone, IPad, TV?
Pipeline – Russian gas projects clogged
Pharma – New Cholesterol Drugs Are Vastly Overpriced, Group Says



MAJOR DATA POINTS

China – Aug: CPI edges up; +2.0% from +1.6% / FT / AP / WSJ / X *

China – Aug: PPI tumbles most in six years; -5.9% from -5.4% / R / X *

US – Aug: Import Prices Fall; -1.8%, -11.4% yr / WSJ

US – Week: Unemployment applications dropped; -6k to 275k / AP / B



MARKETS

ECONOMICS

India – Strongest of the Weak WSJ *

India – ‘Warned to beware gloating’ FT / WSJ * *

India – Indicators That Contradict GDP Figures wsj * * *



POLITICS & FISCAL POLICY

MONETARY POLICY

RBI – Growth already within range of full-year target b *

Fed – US employers post record job openings FT / wsj / R * *

Fed – Agreement on September Rate Increase Eludes WSJ

Fed – Era of low interest rates fails to generate expected growth FT

Fed – EMs say lift rates and end uncertainty FT

Fed – Switzerland prays for US rate rise FT

Fed – Leaves Margin for Error WSJ *

Fed – Economic indicators mean hard choices FT / B * *

Fed – Turning point looms for debt binge FT * * * *

Fed – Asia: What history teaches us B *

BOE – Will the UK follow if US raises interest rates? FT * *



FINANCE

REAL ESTATE

LABOR & EDUCATION

SERVICES

MANUFACTURING

TECH

Mobiles – Apple Unveils iPhones, iPads, Apple TV WSJ / FT / NYT / R *

Mobiles – Apple TV Focuses on Games NYT / IBD / WSJ

Mobiles – Apple Watch Gets First Major Updates B

Mobiles – Apple’s Ad-Blocking Feature Is Sending Publishers Scrambling B

Mobiles – iPhone: The Biggest Change Is How You’ll Pay for It WSJ / WSJ * *

Mobiles – Apple’s fiercest rival: itself WSJ *

Mobiles – Apple Chipmakers Slip; Who Wins In IPhone, IPad, TV? IBD

Mobiles – Rivals Try to Reinvent Xiaomi Business Model WSJ *

Mobiles – Samsung, Huawei fight it out in Europe N *



TRADE & TRANSPORTATION

Pipeline – Boom Ebbs WSJ

Pipeline – Russian gas projects clogged N *



COMMODITIES

Coffee – Rallies on fears over Brazilian crop B / FT *

Coffee – Disconnect Is Brewing WSJ *

Coffee – Robusta ‘squeeze’ takes traders by surprise FT *



ENERGY & ENVIRONMENT

Carbon – Capture: Miracle machine or white elephant? FT

Carbon – CA Climate-Change Push Heats Up WSJ / NYT / NYT *

Carbon – The race to find transformative strategies is on G&M *



HEALTH

Pharma – New Cholesterol Drugs Are Vastly Overpriced, Group Says NYT

Pharma – Indian drugs: not what the doctor ordered FT * * * *



ENDNOTE

The 2,229 Paintings At MoMA 538 *



Today’s Issue Cluster: Metals

World – Those Inflation Targets Keep Getting Harder to Hit
Palladium – Price slump flags abundant stocks
Shale – Majority of US firms pass up chance to hedge at $60



MAJOR DATA POINTS

US – Jul: JOLTS Job Openings Jump; 5.8m from 5.2m / BLS



MARKETS

World – ‘Inflation risk neglected by smug markets’ FT * *

World – Infrastructure debt is hot property right now FT *

EMs – Currency defenses hold against sell-off FT *

EMs – Time to buy stocks, history suggests FT * *



ECONOMICS

World – G20 Concerned About Slowing China WSJ / FT / R / B / WSJ / FT

World – Sovereign borrowers fall behind on record sums of debt FT *

EMs – Exports slow and foreign capital takes flight FT * * *

EMs – Rise to sap global corporate profits FT * *



POLITICS & FISCAL POLICY

EMs – Is it time to declare a crisis? FT * *



MONETARY POLICY

World – Those Inflation Targets Keep Getting Harder to Hit B *

EMs – Interest rate rise: set to feel the wrath FT *



FINANCE

REAL ESTATE

LABOR & EDUCATION

SERVICES

Travel – Cuban thaw poses threat to Caribbean neighbors FT *

Travel – Chinese tourists spurn SE Asia holidays FT *



MANUFACTURING

Ships – For SK builders, the Risks Grow WSJ



TECH

TRADE & TRANSPORTATION

Ship – Oakland Port Proposes Trucking Fees to Fight Congestion WSJ

Ship – An irrational industry needs to smarten up, and soon FT *



COMMODITIES

Platinum – Output to be hit by investment cut FT

Platinum – A Play That Will Take Time to Pay WSJ *

Gold – South Africa’s Mines Face Uncertain Future WSJ *

Nickel – Trading like it’s 2008 r *

Copper – Catalyst for Glencore Rescue Plan WSJ / FT *

Palladium – Price slump flags abundant stocks R *



ENERGY & ENVIRONMENT

Shale – US industry hit by $30b outflows FT / ft *

Shale – US industry braced for bankruptcies FT * * *

Shale – Majority of US firms pass up chance to hedge at $60 R *

Shale – Argentina aims to join trailblazers FT



HEALTH

Insurance – About 9.9m Enrollees on State, Federal Sites WSJ

Insurance – ‘Cadillac’ Health Tax Fight Heats Up WSJ

Insurance – Highmark Is Latest to Trim Offerings Under Health Law WSJ

Insurance – Merger Doubts Remain for Consumers NYT

Insurance – Medicare Rewards Copious Nursing-Home Therapy WSJ *



ENDNOTE

Countries that have been under European control motw *



Today’s Issue Cluster: US Labor

US – Budget deficit has declined, so has anxiety in Congress
Shrimp – Asian Imports Are Chewing Up US Suppliers
Sands – The Glut Is About to Get a Lot Bigger



MAJOR DATA POINTS

Japan – Q2: GDP shrinks less on inventory gains; -1.2% was -1.6% / AP / R / B

China – Aug: Imports tumble; -13.8% from -8.1% WSJ / FT / NYT / AP / r *

EZ – Q2: Economic Growth Revised Higher; +0.4% was +0.3% / WSJ / AFP / AP / B / b eu * *

US – Aug: NFIB Small-Business Confidence Improves a Bit; 95.9 from 95.4 / WSJ / R



MARKETS

US – Companies Dominate Eurozone Debt Issuance WSJ *



ECONOMICS

US – Risks Grow for Slow but Steady Expansion WSJ *

US – Lower Gas Prices Yield Uneven Benefits WSJ *

US – Where’s That Cheap Oil Windfall? BW *

US – Economic Forecasting Is Getting More Up-to-the Minute WSJ *

US – Lacks Ammo for Next Economic Crisis WSJ / B *

US – Canada could cool off momentum B *



POLITICS & FISCAL POLICY

US – Budget deficit has declined, so has anxiety in Congress R * *



MONETARY POLICY

Fed – Blurry Job Picture Poses Test WSJ / FT *

Fed – Decision May Hinge on Which Holds Sway: Data or Outlook B * *

Fed – Markets left guessing FT *



FINANCE

US – Rate Worries Pose Obstacle for Banks WSJ *



REAL ESTATE

US – Stronger Housing Sector Isn’t Boosting Economy That Much WSJ *

US – Riskier subprime bonds are back, as “non-prime” FT

US – Liar Loans Are Back B * *

US – Almost Half of Homes in NY and DC Are Now Losing Value B *

US – Housing insulated, not immune from global markets B * *

US – Home Builders Say Loans Are No Longer Scarce wsj *

US – Size of New Homes Shrinks by One Closet WSJ *

US – Rents Rise Faster for Midtier Apartments Than Luxury Ones WSJ *

US – Cost of Skyscraper Glass Hits Dizzying Heights WSJ

US – AIA billings indicate expansion / cr *



LABOR & EDUCATION

US – ‘Don’t Take the August Job Report at Face Value’ B *

US – More Seen Returning to the Job Market WSJ *

US – Post-Recession Job Growth Coming in High-Wage Positions WSJ *

US – Summer Break: Fewer Young People Seek Jobs wsj * *

US – Sputtering Worker Productivity Vexes Economy WSJ *

US – Beyond the Internet, Innovation Struggles WSJ *

US – Carmakers wage battle over worker pay FT * *

US – Higher Wages Impacting Wal-Mart B *



SERVICES

MANUFACTURING

Batteries – Restrictions on Airborne Shipments of Lithiums Gain Support WSJ

Batteries – Auto Industry’s Ranks of Suppliers Narrow WSJ



TECH

TRADE & TRANSPORTATION

COMMODITIES

Shrimp – Asian Imports Are Chewing Up US Suppliers B * *

Salmon – European demand for Scottish seafood has fallen ft *



ENERGY & ENVIRONMENT

Sands – Companies expanding production despite oversupply G&M

Sands – The Glut Is About to Get a Lot Bigger B *



HEALTH

ENDNOTE

Speed limits across the US wapo *



Today’s Issue Cluster: Brazil

China – Devaluation may test HK dollar peg
ECB – Lays ground for longer QE program
HigherEd – Are Savvy Students Sabotaging Big Textbook?



MAJOR DATA POINTS

Germany – Jul: Factory orders fall; -1.4% from +1.8% / AFP *

US – Aug: Slower Job Growth May Pause Rates; +173k not +220k / NYT / R / FT / WSJ / R / AP / B *



MARKETS

China – Devaluation Strengthens Hand at IMF WSJ *

China – Devaluation may test HK dollar peg N *

China – If something can’t go on forever, it won’t, FX policy edition ft * *

China – Bond Market Presents False Sense of Security WSJ *

China – Companies Share Investors’ Pain WSJ *

China – Foreign Firms Feel Chill WSJ *



ECONOMICS

POLITICS & FISCAL POLICY

Brazil – Rousseff faces growing impeachment threat AP

Brazil – Finance Minister Comes Under Fire From All Sides WSJ / B

Brazil – Central-Bank President Could Lose Cabinet Post in Austerity Move WSJ

Brazil – Economy Plunges in Second Quarter WSJ * *

Brazil – Struggles to fix fiscal crisis FT * *

Brazil – ‘Epic Era of Splurging Is Over’ B * * *

Brazil – Stock Market May Be Eclipsed by Mexico’s B *

Brazil – Desperate times, desperate moves E * *



MONETARY POLICY

ECB – Ready to Expand Stimulus WSJ / FT / NYT / B / AFP *

ECB – It Ain’t Easy Ahead of the Fed WSJ *

ECB – Lays ground for longer QE program b *



FINANCE

REAL ESTATE

LABOR & EDUCATION

HigherEd – Why Americans Are Going Abroad for an MBA WSJ

HigherEd – Schools Want the Sky to Be the Limit on Loans BW

HigherEd – School-Loan Reckoning: 7m Are in Default WSJ *

HigherEd – Are Savvy Students Sabotaging Big Textbook? B *



SERVICES

Ads – Agency deals on the block in media ‘tsunami’ FT * * *

Ads – TV Remains King in Political Spending WSJ *

Ads – Apple Escalates Fight Over Blockers WSJ *

Ads – Marketing in the digital age E * *

Ads – Online shines in sputtering Thai economy R *



MANUFACTURING

TECH

TRADE & TRANSPORTATION

China/Australia – Turmoil Fuels Push Against Trade Deal WSJ *

TPP – Canadian, Mexican auto parts makers warn of fallout G&M

TPP – Auto-Parts Dispute Taps the Brakes WSJ *



COMMODITIES

Aluminum – China shuffle to form world’s top producer FT

Aluminum – Collapse in premiums hits trade FT

Aluminum – Battle for survival in the new global market r *



ENERGY & ENVIRONMENT

Trees – Loss slows, but covers area twice size of Portugal in 2014 R *

Trees – World Has Many More Than Previously Thought WSJ *



HEALTH

Pharma – Short sellers keep sights trained on biotechs FT

Pharma – Impact of biosimilars in the US will be gradual WSJ *

Pharma – Drug-Industry Rule Would Raise Medicare Costs WSJ

Pharma – Drug pricing comes under the microscope FT

Pharma – Hints of a hot and frothy biotech bubble FT



ENDNOTE

Big brands swap logo colors kottke / ps / ps *



Today’s Issue Cluster: Nuclear Power

Japan – Abe’s sliding popularity is putting Abenomics at risk
Japan – A Sprawl of Ghost Homes in Aging Tokyo Suburbs
Cargo – Ships Take 4,000-Mile Africa Detour as Oil Prices Plunge



MAJOR DATA POINTS

Japan – Aug: Services PMI at fastest pace in almost two years; 53.7 from 51.2 / R

US – Aug: ISM Services Decrease; 59.0 from 60.3 / AP / cr *

US – Aug: Markit Serices Increase; 56.1 from 55.7 / R

US – Jul: Trade Gap Narrows; -$42b from -$45b / WSJ / R / cr *

US – Week: Initial Unemployment Claims Increased; +12k to 282k / B / cr



MARKETS

Japan – Offers resistance to global stock rout FT * *



ECONOMICS

Japan – Abe’s sliding popularity is putting Abenomics at risk E *



POLITICS & FISCAL POLICY

Russia – Oil Collapse Has Soviet Echoes WSJ *

Russia – Rise of new banks helps Kremlin keep economy afloat R

Ukraine – Costs of conflict FT * *



MONETARY POLICY

Fed – Beige Book: ‘Continued Expanding’ Across Most Districts WSJ / AP

Fed – History of August job revisions could muddy rate hike R

Fed – Indexes Pointing to Tightest Financial Conditions Since 2012 B *

Fed – Economists split on September rate hike b *

Fed – September or Not, Market Says One-and-Done Until Late 2016 B *



FINANCE

US – Market Bets Abound, but Where Are the Banks? WSJ *

US – ‘The Risk Investors Don’t Have to Worry About This Time’ WSJ *



REAL ESTATE

Japan – A Sprawl of Ghost Homes in Aging Tokyo Suburbs NYT *

Japan – Mitsubishi Estate Plans Tallest Building WSJ *



LABOR & EDUCATION

Japan – Labor shortage could limit effectiveness of stimulus N

Japan – Foreigners Increasingly Fill Workforce Gaps WSJ *



SERVICES

Prisons – Large Number of Inmates in Solitary Poses Problem WSJ *

Prisons – Reit investors see a buy signal in cells FT *



MANUFACTURING

F&B – Changing tastes churn up ice cream industry R *

F&B – Inside Kellogg’s Effort to Cash In on the Health-Food Craze WSJ *

F&B – Changing tastes spur Nestlé to take fresh approach to frozen food FT *

F&B – Subway’s Salad Days Are Past WSJ *



TECH

Mobiles – Apple’s Latest Challenge: Topping Its Own Success WSJ *

Mobiles – Huawei Chips Away at Samsung WSJ *

Mobiles – Samsung Takes Smartwatch Fight to Apple WSJ *



TRADE & TRANSPORTATION

Cargo – Air Volumes Drop, as China’s Economy Stumbles WSJ

Cargo – Crude-by-rail shows signs of life FP

Cargo – Ethane ships link US shale boom to Europe FT * *

Cargo – Ships Take 4,000-Mile Africa Detour as Oil Prices Plunge B *



COMMODITIES

Water – El Niño Sends Strong Signal WSJ *

Water – El Niño expected to take toll on sugar and rice prices FT

Water – El Niño: Beware the most powerful climatic phenomenon E *



ENERGY & ENVIRONMENT

Nuclear – Uranium perks up on Asian demand N

Nuclear – Quebec uranium report muddies science with sociology G&M *

Nuclear – Japan outlook bleak despite first reactor restart R

Nuclear – China’s second-largest generator looks expensive FT *

Nuclear – Next president will have to decide about US waste E *



HEALTH

ENDNOTE

US rough equivalents of Japan regions; same scale, same latitude reddit *