Archive for November, 2015

1 December 2015

Monday, November 30th, 2015



Today’s Issue Cluster: US Economy

F&B – Taxes on fizzy drinks seem to work as intended
Honey – US bee colonies hit a 20-year high
Alt – Biofuels: Boost Pleases Neither Refiners Nor Growers


MAJOR DATA POINTS

China – Dec: Official PMI falls to 3 year low; 49.6 from 49.8 / AFP / WSJ / AP

EZ – Oct: Unemployment rate falls to near 4-year low; 10.7 from 10.8 / AP / AFP

Brazil – Q3: Economy shrinks by record; -1.7%, -4.5% yr / FT / AFP *

Canada – Q3: Economy rebounds but fears persist; +2.3% from -0.3% / G&M / FP / CBC / B

US – Nov: ISM contracted for the first time since ’12; 48.6 / WSJ / r *

US – Nov: Markit PMI drops to lowest in 25 months; 52.8 from 54.1 / m *

US – Oct: Construction spending near eight-year high; +1.0% from +0.6% / R


MARKETS

Currencies – Dollar bulls usher in pivotal policy week FT *

Currencies – Euro looks like it has further to fall FT *


ECONOMICS

US – Companies Shy Away From Spending WSJ * *

US – Slow Consumer Spending Signals Caution WSJ *

US – S&P 500 Profits Fall $25b in First Three Quarters B *

US – Falling Corporate Profits Blur Outlook WSJ * *

US – Local Area Personal Income: 2013-2014 / bea *

US – State Coincident Indexes increased in 43 states / cr *

US – The cities that are growing the fastest / wapo *


POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – US credit tightens ahead of policy shift FT * *

Fed – Inflation May Guide the Pace of Rate Hikes B * *


FINANCE

US – Big Banks Cut Back on Loans to Small Business WSJ *

US – Surge in Subprime Auto Lending Draws Attention WSJ *


REAL ESTATE

US – Pending Home Sales Rise 0.2% WSJ

US – Home Price Growth Gains Momentum WSJ

US – Lofty Prices Denting Home Sales WSJ *

US – Keeping size limit for federally backed mortgages WSJ *

US – ND Home Prices Recover Most Since 2006 / B *

US – Housing Rebound Hasn’t Lifted the Economy Much WSJ *

US – Real Home Prices Could Take 17 Years to Return to Peak wsj *

US – Is Gentrification Caused by Quest for Shorter Commutes? A *

US – Farmland Prices Decline Across Parts of Midwest WSJ

US – Architecture billings down slightly cr *


LABOR & EDUCATION



SERVICES

Travel – Russians Seeking Winter Retreat Are Stopped Cold WSJ

Travel – China’s Globetrotting Tourists Face Trouble at Home WSJ *

Travel – US Hotels Finishing Year Strong / cr *


MANUFACTURING

F&B – UK Panel Calls for Tax on Sugary Drinks WSJ

F&B – Indonesian Sugar-Tax Talk Chills Drinks Industry WSJ *

F&B – Taxes on fizzy drinks seem to work as intended E *

F&B – Energy Drinks Not Popular Enough to Replace Soda nyt *


TECH



TRADE & TRANSPORTATION



COMMODITIES

Honey – US bee colonies hit a 20-year high wapo *

Nuts – Lactose-intolerant Americans spur cashew boom B * *


ENERGY & ENVIRONMENT

Alt – Biofuels: Boost Pleases Neither Refiners Nor Growers B / WSJ *

Alt – Solar: Sunnova Energy calls for end of US tax break FT / FT * *

Alt – Solar: Abengoa starts insolvency proceedings FT / FT *

Alt – Solar: EMs Outspend OECD B * *


HEALTH



ENDNOTE

Every taxi ride in New York City since 2009 vox *


30 November 2015

Sunday, November 29th, 2015



Today’s Issue Cluster: Retail

Russia – The $30 Oil Cliff Threatening the Economy
US – Chinese Cash Floods Real Estate Market
Beef – Fattest-Ever US Herd Signals End to Record Prices


MAJOR DATA POINTS

Japan – Oct: Factory output rose; +1.4% / AFP / AP

EZ – Nov: Confidence at Four-Year High; 106.1 from 105.9 / B *

Germany – Dec: GfK consumer index drops a fourth month; 9.3 from 9.4 / AP / AFP

Greece – Q3: Economy shrank more than thought; -0.9% was -0.5% / AFP

US – Oct: Pending Home Sales Edge Up; +0.2% from -1.6% / WSJ / R


MARKETS

Currencies – IMF poised to admit renminbi FT / WSJ / R / B / WSJ *

Currencies – Panda bonds triumph over dim sum debt FT * *

Currencies – What are the chances of a crisis in China? ft *

Currencies – Investors Dig for Winners WSJ *

Currencies – Dollar-peg exporters stung by oil rout FT *

Currencies – Will the Euro Fall to $1? WSJ *

Currencies – Expensive Swiss franc tests central bank FT *


ECONOMICS



POLITICS & FISCAL POLICY

Russia – Retaliates against Turkey FT / WSJ / AP / R / WSJ / WSJ *

Russia – Putin’s sanctions decree raises fears of isolationism FT / B / WSJ

Russia – ‘Why Moscow and Turkey aren’t going to war’ bi *

Russia – Ukraine imposes economic blockade on Crimea FT / WSJ / FT / NYT

Russia – Ukraine stops buying gas AP

Russia – Ukraine bans aircraft overflights FT

Russia – Ukraine adapts trade links to soften economic blow FT * *

Russia – Eastern Europe to confront Berlin over new gas pipeline FT *

Russia – The $30 Oil Cliff Threatening the Economy B *

Russia – Last year’s investment pariah comes in from the cold R

Russia – Half Richest Are Planning to Cash Out B *


MONETARY POLICY



FINANCE



REAL ESTATE

US – Chinese Cash Floods Market NYT *

US – Chinese Pull Back WSJ *


LABOR & EDUCATION



SERVICES

Retail – Crowds ‘good not great’ R / B / FT / WSJ *

Retail – Online Shopping Tops Stores WSJ / R / B / ft * *

Retail – Black Friday Falters as Consumer Behaviors Change NYT / NYT *

Retail – Sting from inventory mismanagement is sharp FT / FT *

Retail – Some Malls Pressure Stores to Open on Thanksgiving WSJ *

Retail – Shrinking US Shopping Malls Get Makeovers WSJ *


MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES

Beef – Fattest-Ever US Herd Signals End to Record Prices B *

Beef – Chinese-Korean venture to mass-produce cloned cattle FT / FT *


ENERGY & ENVIRONMENT

Carbon – Talks Face High Barriers and High Hopes WSJ *

Carbon – Modi tells rich nations of their duty to lead FT / ft / FT * *

Carbon – China claims to have achieved targets FT / FT / B * *

Carbon – Xi says climate deal must address economic gaps R

Carbon – ‘China’s Rebalancing May Blow Its Smog Away’ B *

Carbon – Scientists Dispute 2-Degree Model Guiding Talks WSJ / WSJ *


HEALTH



ENDNOTE

Some corporations worth more than entire stock markets bi *


25 November 2015

Tuesday, November 24th, 2015



Today’s Issue Cluster: Asean



MAJOR DATA POINTS

China – Nov: Minxin PMI Flashes Warning Sign; 42.4 from 43.3 / B *

US – Oct: New home sales rebound strongly; +10.7% / R

US – Oct: Consumer spending tepid; +0.1% from +0.1% / B / WSJ / R

US – Oct: Durable Orders Climb; +1.3% from +0.4% / B / R / WSJ

US – Week: Jobless claims fall; -12k to 260k / R / B / WSJ

US – Nov: Markit services PMI rises; 56.5 from 54.8 / m *


MARKETS

Asean – Bangs the drum for single market AFP

Asean – Investors Sour on Growth Plans WSJ *

Asean – Will there be another currency crisis? N * *

Asean – They wish you were here E *


ECONOMICS

Myanmar – Minority report E *

Thailand – Sees little prospect of economic pickup FT * *

Thailand – Plans to Jump-Start Its Economy WSJ / FT * *

Vietnam – Bad debts bedevil banks FT *

Vietnam – Why You May Soon See More Goods Made There WSJ *

Indonesia – Why Widodo wants into TPP N / WSJ *

Indonesia – The taxing issue of economic independence N * *

Indonesia – China and Japan battle for projects FT *

Brunei – Struggling to wean itself off oil FT * * *

Philippines – Thrives as young workers stay in the country FT * *


POLITICS & FISCAL POLICY

Indonesia – Clamps down on critics of economic policies FT * *

Indonesia – Coalition doesn’t mean consensus N *

Indonesia – Where now, Widodo N * *


MONETARY POLICY



FINANCE



REAL ESTATE

Philippines – Hotels Boom Leaves Glut of Beds WSJ *


LABOR & EDUCATION

HigherEd – Student-Loan Forgiveness Program Proves Costly WSJ *

HigherEd – Foreign Students Pinch Home-State Admissions WSJ *


SERVICES



MANUFACTURING



TECH

Uber – Taxi groups unite with $250m start-up FT

Uber – Taxis Stall, Then Accelerate in San Francisco wsj *

Lyft – Revs Up in New York City WSJ *


TRADE & TRANSPORTATION

Delivery – Fedex, TNT win US approval to merge WSJ / R

Delivery – UPS, FedEx Rivals Take Services Focus WSJ

Delivery – Some Shipping Companies Gain an Edge During Holidays WSJ *


COMMODITIES



ENERGY & ENVIRONMENT

Sea – China and Indonesia Are Top Sources of Plastic Garbage WSJ *

Air – Pollution kills 3.3m worldwide, may double AP *

Air – Pollution in India: Gasping for air FT * *


HEALTH

Hospitals – Job-Seeking Nurses Face Higher Hurdle WSJ *

Hospitals – US Emergency-Room Visits Keep Climbing WSJ *


ENDNOTE

Most disproportionately consumed side dish by US region 538 *


24 November 2015

Monday, November 23rd, 2015



Today’s Issue Cluster: China Economy

Crops – Swelling Global Grain Glut
Sands – Opec Targets US Shale, Hits Canada Instead
Gaming – ‘Fantasy sports business is cratering’


MAJOR DATA POINTS

Germany – Nov: Ifo business confidence unfazed by Paris attacks; 109 from 108.2 / AFP

Germany – Q3: Gross domestic product growth confirmed; +0.3% was +0.3% / AFP

US – Q3: Economic Growth Revised Up; +2.1% from +1.5% / WSJ / FT / R / AP / NYT / B *

US – Se: Case-Shiller Home Prices Gain Momentum; +4.9% from +4.6% / WSJ / R / B / cr *

US – Nov: ConfBd Consumer Confidence Fell to 90.4 from 99.1 / B


MARKETS

China – Journey from New Normal to Stock Market Crisis Epicenter B *

China – New great wall: Mainland vs. HK shares B *

China – Should End Yuan-Rate Distortion, Ex-PBOC Adviser Says B *

China – Takes a Smoother Path to Currency Devaluation WSJ *


ECONOMICS

China – Economy Shows Further Signs of Fragility WSJ

China – Masters of the Finance Universe Are Worried B *

China – ‘Has a $1.2t Ponzi Finance Problem’ B *

China – Consumers cannot save the day FT * *

China – Wealthy no longer putting on the Ritz FT * * * *

China – Economy Watchers Hunt for New Clues WSJ *

China – Companies fooled by growth predictions, says think-tank FT *

China – Japanese Deflation Threat Hangs Over China WSJ *

China – A Hard Landing Could ‘Shake the World’ B * * *


POLITICS & FISCAL POLICY

China – Beijing’s economic competence questioned FT

China – ‘One Belt One Road’ plan greeted with caution FT *

Taiwan – Officials puncture China detente FT * *

Taiwan – Straitened circumstances E *

Taiwan – Xi and Ma stuck in the same trap n *


MONETARY POLICY

PBOC – Picks New Target, but Old Problems Remain WSJ *


FINANCE



REAL ESTATE

China – Oversupply Will Weigh On Housing Market r * *


LABOR & EDUCATION

China – At Least Job Market’s Not Falling Apart B *

China – As Workforce Dwindles, a Scramble for Alternatives WSJ / WSJ *


SERVICES

Gaming – Macau warns losing streak to continue FT

Gaming – US casinos bet the house FT *

Gaming – ‘Fantasy sports business is cratering’ q *


MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES

Crops – Wheat Hurt by Full French Silos WSJ *

Crops – Swelling Global Grain Glut B *

Crops – Argentina Set to Unleash $8b of Stored Grain B / FT *

Crops – Growing peanut pile R *


ENERGY & ENVIRONMENT

Sands – Opec Targets US Shale, Hits Canada Instead B *

Sands – Alberta to Limit Emissions in Climate Policy Revamp FT / B

Sands – Alberta plan could cost hundreds of millions: CAPP FP / G&M / CBC

Sands – Industry makes environment a bigger priority FP

Sands – Paris climate talks could be a boost CBC


HEALTH

Pharma – Politicians slam tax-avoiding deal R / FT / WSJ / NYT / e *

Pharma – Pfizer looks to bulk up in era of slimming down FT * *


ENDNOTE

China builds ‘Pentagon’ shopping centre in Shanghai DT / bi *


23 November 2015

Sunday, November 22nd, 2015



Today’s Issue Cluster: Latin America

Ship – Baltic Dry Index Drops to All-Time Low
NatGas – China on Hook for More LNG Than It Needs
El Niño – Likely to drench key California drought zone


MAJOR DATA POINTS

EZ – Nov: Markit PMI rises; 54.4 from 53.9 / FT / B *

US – Oct: NAR existing home sales fall more than expected; -3.4%, +3.9% yr / R / WSJ


MARKETS



ECONOMICS

LatAm – Political color bad guide for macro prospects B * *

Argentina – Tempts Big Money Managers Again WSJ *

Argentina – Fever Is Back for Investors as Kirchner Rival Triumphs B *

Brazil – Inflation at 12-year high compounds economic crisis FT * * * *

Brazil – Foreign Investors Buy In WSJ *

Venezuela – Now Losing to Bolivia B * *

Colombia – The promise of peace E * *

Colombia – Economic slowdown highlights the need for structural change E *

Mexico – The mood is gloomy, but the tills are ringing E * *

Puerto Rico – Close to default precipice FT * *

Puerto Rico – Barriers to growth need to come down WSJ *


POLITICS & FISCAL POLICY

Argentina – Macri wins presidential election FT / WSJ / AP / R / FT

Argentina – The first round of voting shook up the presidential race E / E *


MONETARY POLICY

BCB – Brazil Central Bank concedes high inflation for longer B *


FINANCE



REAL ESTATE



LABOR & EDUCATION

US – Mexican Immigration Reverses WSJ / NYT / AP *


SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION

Ship – Baltic Dry Index Drops to All-Time Low B *

Ship – LA area Port Traffic declines / cr *

Ship – Quiet US Ports Spark Slowdown Fears WSJ *


COMMODITIES

El Niño – Still gathering strength B *

El Niño – Could be the most powerful on record LAT *

El Niño – Likely to drench key California drought zone LAT *

El Niño – Threatens fishmeal prices FT

El Niño – May Warm US Economy in Early 2016 B *

El Niño – Leaves much of South-East Asia choking in smog E / e * *

El Niño – Businesses Take Heat From Haze in Indonesia WSJ / N / N *


ENERGY & ENVIRONMENT

NatGas – China Hopes to Fire Up Economy With Cheaper Fuel WSJ *

NatGas – China on Hook for More LNG Than It Needs B * *

NatGas – Bulging Storage Should Terrify Investors WSJ *


HEALTH



ENDNOTE

If you can’t understand what economists are saying… b *


20 November 2015

Thursday, November 19th, 2015



Today’s Issue Cluster: Europe Economy & Monetary Policy



MAJOR DATA POINTS

X

EMs – Morgan Stanley’s Fragile Five Swells to Troubled 10 in Selloff
Travel – Paris Attacks Hit Hotels Hard
Autos – VW: US probes Bosch in scandal
Pharma – World on cusp of ‘post-antibiotic era’


MARKETS

EMs – Equity valuations slide to record low FT **

EMs – Morgan Stanley’s Fragile Five Swells to Troubled 10 in Selloff B * * *

EMs – ‘Getting crunched by their corporate debt boom’ bi *

EMs – Deeper into the red FT * * * *


ECONOMICS

EU – Does Deutschland do digital? E * *


POLITICS & FISCAL POLICY

EU – Post-Paris Politics Will Decide Economic Fate wsj / ft

EU – Few of the politician social-media stars are centrists E *


MONETARY POLICY

ECB – Minutes Signal More Stimulus Possible WSJ / FT / AP

ECB – QE Losing Its Power to Pack a Punch in Markets WSJ *

ECB – Ready to delve deeper into negative interest rates FT *


FINANCE

EU – ECB Finds $1.87b Capital Gap in Stress Test of Nine Banks B

EU – Investors spoilt for choice as banks seek capital FT *

EU – ‘Perfect’ storm puts banks further behind US FT

EU – Loan Growth Suffers at Spanish Banks WSJ *

EU – Greek Banks’ Share Sales Said to Draw Orders at Minimum Levels B *


REAL ESTATE

EU – New Office Leasing Picks Up WSJ

EU – Rise of e-commerce ‘sheds’ drives up industrial values FT *


LABOR & EDUCATION



SERVICES

Travel – Paris suffers steep fall in tourists after attacks FT

Travel – Paris Attacks Hit Hotels Hard NYT


MANUFACTURING

Autos – VW: US probes Bosch in scandal R

Autos – VW: Plans $1b Cut in Capital Spending WSJ / NYT / R / FT *

Autos – VW: Warned of consumer backlash FT / WSJ / NYT / R / AP / R * *

Autos – VW: Brand choked by cost and complexity FT * * *

Autos – VW: Elevated Pollution in Other Diesel Brands B / FT


TECH



TRADE & TRANSPORTATION



COMMODITIES

Salmon – Genetically Engineered AquAdvantage Approved NYT / WSJ / FT / AP / R / NYT *

Beef – Australia exports to set records N *

Beef – Australia blocks China $250m cattle station purchase FT *


ENERGY & ENVIRONMENT



HEALTH

Pharma – New superbug resistant to antibiotics AFP *

Pharma – World on cusp of ‘post-antibiotic era’ BBC *


ENDNOTE

Most Popular Fast-Food Outlet in Each European Country reddit *


19 November 2015

Wednesday, November 18th, 2015



Today’s Issue Cluster: Retail

Steel – China’s Industry Peers Into Abyss as Output to Plunge
NatGas – Northeast Only Place Still Burning More From Canada
Insurance – UnitedHealth May Quit Obamacare


MAJOR DATA POINTS

US – Oct: ConfBd Leading Indicators Increase; +0.6% from -0.1% / B

US – Week: Jobless claims fall; -5k to 271k / R / WSJ / AP / B


MARKETS

Tech – US Tech Startups Head to Australia for IPOs WSJ *

Tech – China’s US-Listed Firms Hurry Homeward WSJ *


ECONOMICS



POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – Tipping Toward December WSJ / FT / NYT / B / R / AP * *

Fed – Faces the risk of waiting too long FT * *

Fed – In Seeking Policy Clues, Not All Are Equal WSJ *

Fed – EM currencies in thrall to strong dollar FT *

Fed – It’s Lower for Bond Yields WSJ *

Fed – Utilities Trading Like Rates Raising Tomorrow B *


FINANCE



REAL ESTATE



LABOR & EDUCATION



SERVICES

Retail – Warming US economy leaves stores cold FT * *

Retail – Wal-Mart US Sales Strengthen WSJ *

Retail – Sales should heat up ahead of the holiday season WSJ *

Retail – Cheaper Oil Fails to Yield Holiday Cheer for Stores WSJ *

Retail – Chinese Baby-Goods Market Grows Up Fast WSJ *

Retail – 7-Eleven Expands Online Locker Space WSJ *

Online – US consumers favor Amazon for holiday shopping R *

Online – Amazon’s Holiday Shopping Target: The Procrastinator B *

Online – Global internet retailing / ft *


MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES

Steel – China’s Industry Peers Into Abyss as Output to Plunge B

Steel – UK’s suppliers gird themselves against fallout FT * *

Steel – Miners cling to long term demand predictions FT * *

Steel – Poster Child For Oversupplied Commodity Markets B *


ENERGY & ENVIRONMENT

NatGas – China Cuts Prices to Spur Demand WSJ

NatGas – China Can’t Save the Global LNG Market WSJ *

NatGas – Northeast Only Place Still Burning More From Canada B *


HEALTH

Insurance – UnitedHealth Lowers Forecast, Blaming Affordable Care Act NYT / AP / R / FT / WSJ

Insurance – UnitedHealth May Quit Obamacare B *

Insurance – Obamacare Sign-Ups Top 1m After Strong Second Week B

Insurance – Rising Rates Pose Challenge to Health Law WSJ

Insurance – Many Say High Deductibles Make Their Plan All but Useless NYT

Insurance – Health Care Law Forces Businesses to Consider Growth’s Costs NYT

Insurance – In Many Obamacare Markets, Renewal Is Not an Option nyt *


ENDNOTE

Most Profitable Movies in History di *


18 November 2015

Tuesday, November 17th, 2015



Today’s Issue Cluster: Japan

Brazil – Exploding budget deficit
TPP – Prospects dim for 2016 vote in Congress
Power – Energy Storage Industry Gaining Momentum


MAJOR DATA POINTS

China – Oct: Home prices rise first time in 14 months; +0.1% from -0.9% / R / FT *

US – Oct: Housing starts fall to seven-month low; -11.0%, -1.8% yr R / WSJ / B


MARKETS



ECONOMICS

Brazil – Exploding budget deficit B * *

Brazil – Rousseff stares down budget black hole FT * *

Brazil – Crisis Beats the Middle Class Back Down WSJ *

Brazil – Lula and Rousseff square off in austerity soap opera FT

Brazil – Forces Driving Inflation to 10 Percent B * *

Brazil – Are dire public finances hindering the of tackling inflation? E *


POLITICS & FISCAL POLICY

Japan – Feels the Sting of China’s Slowdown NYT / WSJ / FT / WSJ *

Japan – Analysts warn recession doesn’t tell the whole story DT

Japan – China Slowdown Hits Earnings WSJ *

Japan – Float shows new appetite for risk FT *

Japan – Economic future will be a leap into the unknown E *


MONETARY POLICY



FINANCE

Japan – Banks scratching their heads in hunt for dollar N *


REAL ESTATE

Japan – Chinese Property Investors Target Tokyo WSJ

Japan – Tilt piles the pressure on Reits FT *


LABOR & EDUCATION

Japan – Regular Wages Increase for a Straight Month B * *

Japan – Lack of Workers Hobbles Growth WSJ *

Japan – Hiring More Women, but Men Still Hold Top Jobs WSJ *


SERVICES

Hotels – Marriott Wins Battle to Buy Starwood WSJ / FT *

Hotels – Compete for staying power through round of M&A FT / B * *

Hotels – George Soros Puts Money on Latin America WSJ


MANUFACTURING



TECH



TRADE & TRANSPORTATION

TPP – Prospects dim for 2016 vote in Congress R

TPP – Obama says getting it to fly is ‘not easy’ R / G&M


COMMODITIES

Gold – Prices rising following Paris attacks N *

Gold – Fails to benefit from Paris tensions FT

Gold – Strong demand from US retail investors FT

Gold – Set to Drift Lower in 2016 WSJ *

Gold – Miners: shining examples FT *


ENERGY & ENVIRONMENT

Power – Companies, Consumers Spar Over Who Pays for Spare Electricity WSJ *

Power – Batteries start to compete for power grid FT

Power – Energy Storage Industry Gaining Momentum NYT


HEALTH



ENDNOTE

Location of major Japanese company’s headquarters motw *


17 November 2015

Monday, November 16th, 2015



Today’s Issue Cluster: Oil

Canada – Oil slump fallout starting to hamper other industries
Ship – Floating oil storage rises as glut widens
Pipeline – Energy East prospects improve with Keystone demise


MAJOR DATA POINTS

Germany – Nov: ZEW Investor sentiment rebounds; 10.4 from 1.9 / AFP / B

US – Oct: Rising CPI supports rate hike views; +0.2% from -0.2% / R / B / WSJ * *

US – Oct: Industrial production falls for second month; -0.2% from -0.2% / WSJ

US – Nov: NAHB Home-builder Confidence Declines; 65 from 62 / WSJ


MARKETS

Australia – Funds Hoard Cash, Fearing Market Turmoil WSJ *


ECONOMICS

Australia – Economic diversity helps navigate commodity slump FT *

Canada – Oil slump fallout starting to hamper other industries G&M

Canada – How is it doing these days? ft * * * *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

Australia – Builds Bank Fortresses Before Housing Market Crumbles WSJ *


REAL ESTATE

Canada – Vacancies New Norm for Calgary Tower Owners B *


LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION

Ship – Floating oil storage rises as glut widens FT

Rail – Roads Lose Challenge of Oil-Train Rules WSJ

Rail – Keystone demise won’t necessarily lead to boom CBC

Pipeline – The Hottest Energy Trade: A Ride Aboard Colonial WSJ *

Pipeline – Keystone rejection sends a chill over Canada’s energy industry G&M *

Pipeline – Energy East prospects improve with Keystone demise CBC *


COMMODITIES



ENERGY & ENVIRONMENT

Oil – Prices seen under pressure as Paris attacks spark demand worries R

Oil – Airstrikes Target Islamic State Oil Assets WSJ

Oil – Approaching $40 Deepens Investor Pessimism B *

Oil – Global inventory stands at record level B / FT / B / NYT / B *

Oil – OPEC Challenges Shale Afresh as Iraq Crude Floods US B *

Oil – Glut to swamp demand until 2020 FT / B *

Oil – Saudi Arabia will not stop pumping to boost prices FT / B *

Oil – Opec’s Strategy Seen Potentially Backfiring WSJ / WSJ

Oil – Russia’s Rivalry With Saudis Masks the Bigger Iranian Threat B *

Oil – Board Turmoil Hits Brazil’s Petrobras WSJ *

Oil – Dividends Survive Plunge in Prices WSJ *

Oil – Struggling US producers get credit lifeline R *

Oil – Slump Forces Deep Cuts by Service Providers WSJ *

Oil – ‘Keystone rejected, Exxon investigated—this doesn’t end well’ B *


HEALTH



ENDNOTE

Canadians make up less than 50% of NHL players for the first time bi *


16 November 2015

Sunday, November 15th, 2015



Today’s Issue Cluster: World Economy & Security

China – Bond Investors Bet on Bailout
World – Negative Interest Rates the Next Time Economies Slump
Rail – Canadian merger efforts separated by a year of change


MAJOR DATA POINTS

Japan – Q3: Back Into Recession; -0.8% from -0.7% / WSJ / FT / NYT / R / B / AP *

EZ – Oct: Inflation up; +0.1% from -0.1% / eu *


MARKETS

China – IMF: Yuan Should Be a Reserve Currency WSJ / FT / NYT / AP / B / WSJ / b *

China – Changes Its Currency-Market Ways WSJ *

China – Capital flows turn positive on improved renminbi outlook FT *

China – The Dollar-Debt Time Bomb WSJ *

China – In Crackdown, It’s ‘Kill the Chicken to Scare the Monkey’ WSJ

China – Stock Connect Hasn’t Tapped Into Foreign Money WSJ *

China – Bond Investors Bet on Bailout WSJ *


ECONOMICS

World – G-20 Faces Dwindling Capacity to Spur Souring Growth WSJ *

World – G-20 Leaders Set to Approve Overhaul of Corporate-Tax Rules WSJ *

World – Gap in bond yields reflect views on diverging economies FT * *

World – Map of Debt / vc *

World – Countries by GDP Sector Composition / reddit *


POLITICS & FISCAL POLICY

Paris Attacks – Short-term market drop likely AP

Paris Attacks – Investors scramble for haven assets FT

Paris Attacks – Global stocks fall AP

Paris Attacks – Airlines tumble AFP

Paris Attacks – Limited economic fallout, say analysts FT

Paris Attacks – Spur fresh calls for new EU border controls FT *

Refugees – Attacks Transform Debate WSJ / FT

Refugees – Merkel looking vulnerable FT


MONETARY POLICY

World – What Happened When Fed Last Diverged With Europe B * *

World – Negative Interest Rates the Next Time Economies Slump B *

World – As Fed Pulls Back, ECB and BoJ Add Trillions cfr *


FINANCE

World – Banking under attack on all sides FT * *

World – Popularity of industry plummets among MBAs FT * * *

World – Top MBA graduates are shunning banking for jobs in tech FT * *

World – Traditional talent pool dries up for hedge funds FT *

World – Alternative groups seize business from lenders FT * *

World – Lenders face mortgages challenge from P2Ps FT *


REAL ESTATE



LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH

Tech – Unicorns face end of the ‘steroid era’ FT * *

Tech – Giants Tighten Grip on Internet Economy WSJ *


TRADE & TRANSPORTATION

Rail – CP/NS merger faces ‘very high hurdles’ WSJ / B / B / FT / NYT / G&M

Rail – Canadian merger efforts separated by a year of change FT * *

Rail – The World’s Fastest Train Could Be Headed to Washington B *


COMMODITIES



ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

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