Bz Nwz

Today’s Issue Cluster: US Monetary Policy

Robots – Threaten 15m UK jobs, says BOE chief economist
TPP – Crucial Ally Is Now Its Main Hurdle
Oranges – Juice Futures Jump to Nine-Month High



MAJOR DATA POINTS

EZ – Q3: Economy Slows as Exports Weaken; +0.3%, +1.6% yr / WSJ / FT / AP / B *

Germany – Q3: Economic growth eases; +0.3% from +0.4% / AFP

France – Q3: Returns to growth; +0.3% from flat / AFP

Greece – Q3: Economy contracts; -0.5% from -0.4% / AFP

Russia – Q3: Crisis-hit economy slumps; -4.1% / AFP

US – Oct: Retail Sales Inch Up; +0.1% from flat / WSJ / R / B

US – Oct: Producer Prices Stymied; -0.4%, -1.6% yr / WSJ



MARKETS

Bonds – Boom times for US corporates FT * * * *

Bonds – US dealers’ net positions turn negative FT *



ECONOMICS

EMs – Credit crunch threatens moves to kick-start growth FT * *

EMs – Slowdown is third and last wave of crisis FT / E * *



POLITICS & FISCAL POLICY

MONETARY POLICY

Fed – Economists Expect Hike in December WSJ *

Fed – Officials Stress Gradual Rate-Rise Pace After Liftoff B / R / AP / B *

Fed – Should wait with liftoff to see firm inflation signs: IMF R

Fed – Beveridge Curve / r *

Fed – Wage Conundrum WSJ *

Fed – Job Openings Rise, But Hiring Rate Remains Little Changed wsj *

Fed – How the Bank Will Read Copper’s Diagnosis WSJ *

Fed – Goldman Sachs: Health-Care to Push Inflation Higher B *



FINANCE

REAL ESTATE

LABOR & EDUCATION

SERVICES

MANUFACTURING

Robots – A Supply Chain Reinvented WSJ *

Robots – Some roles more vulnerable than others FT *

Robots – Threaten 15m UK jobs, says BOE chief economist G *



TECH

Chips – Aren’t Getting Much Smaller, and That Stinks for Intel BW *

Chips – Spate of Deals Reshape Industry WSJ *



TRADE & TRANSPORTATION

TPP – Crucial Ally Is Now Its Main Hurdle NYT

TPP – Opposition to Trade Deals Is Entrenched WSJ *



COMMODITIES

Oranges – Juice Futures Jump to Nine-Month High B *

Oranges – Juice Prices Surge for Second Straight Day B *



ENERGY & ENVIRONMENT

Carbon – Emissions fall in 11 of G20 members R

Carbon – Kerry: Paris climate deal will not be a legally binding FT

Carbon – Hollande: Yes it will FT

Carbon – High pressure in Paris FT *

Carbon – War Erupts Between States Over Obama Plan / b *

Carbon – Canada’s Oil Producers Brace for Latest Test: Higher Taxes WSJ *



HEALTH

ENDNOTE

North America Before Colonization motw *



Today’s Issue Cluster: Mobiles

ECB – Mulls buying debt of cities and regions
Coal – A Glut of Plants Raises Doubts About China’s Energy Priorities
Drugs – Why Cocaine Farmers Are Getting Into Chocolate Instead



MAJOR DATA POINTS

EZ – Sep: Dip in production points to slowdown risks; -0.3% not -0.1% / FT / WSJ / B *

US – Sep: JOLTs Job Openings Up; 5.53m from 5.37m / cnbc

US – Week: Jobless claims unchanged; 276k / R / WSJ / R / B



MARKETS

ECONOMICS

Greece – Economy on ice as lenders battle capital shortfall FT * *



POLITICS & FISCAL POLICY

MONETARY POLICY

ECB – Draghi hints at expanding QE FT / AP / R / B / B / B *

ECB – Heads on opposite policy path of Fed R

ECB – Déjà Vu for Draghi on Debate Whether More Stimulus Needed B *

ECB – Running Out of Things to Buy? B *

ECB – Mulls buying debt of cities and regions R



FINANCE

Mobile – Apple, Banks in Talks on Person-to-Person Payment Service WSJ *



REAL ESTATE

UK – New housing supply surges by a quarter FT

UK – England needs to build 1.5m homes in five years FT

UK – London office construction reaches seven-year high FT / WSJ * *



LABOR & EDUCATION

Greece – Disrupted by First General Strike Under Syriza NYT / FT / B * *



SERVICES

Retail – Full Shelves May Force Holiday Discounts WSJ *

Retail – Split emerges among US holiday shoppers FT *

Retail – Warm Temperatures Can Also Hurt Sales B *

Retail – MasterCard Forecasts Strong Holiday Sales pymnts *

Retail – Inside Macy’s Downward Spiral WSJ / FT * *

Retail – Wal-Mart Shifts on Black Friday WSJ / R

Retail – Alibaba Tops Singles’ Day Sales Record WSJ *



MANUFACTURING

F&B – AB InBev makes bid for SABMiller official FT / WSJ / NYT / B / AP *

F&B – AB InBev-SAB Deal: Tastes Great But Will It Be More Filling? WSJ *



TECH

Mobiles – Apple to Start Selling iPad Pro WSJ *

Mobiles – Apple’s iPad Pro: Sizing Up the Challenge WSJ *

Mobiles – Entire tablet market is in decline / bi *

Mobiles – Apple’s Tim Cook sets out his case FT * * *

Mobiles – Apple’s Chinese miracle is over as rivals gain ground b *

Mobiles – Apple opens subsidiary in Vietnam R

Mobiles – Apple turns attentions to India FT * *

Mobiles – Google to Try Again With Low-Cost Smartphone for India WSJ

Mobiles – Facebook’s Growth Is Entirely Fueled by Mobile Ads statista *



TRADE & TRANSPORTATION

COMMODITIES

Salmon – Sinking stocks present a fishy whodunnit E *

Meat – Out of the frying pan FT * *

Meet – Cattle stock by country / am *



ENERGY & ENVIRONMENT

Coal – A Glut of Plants Raises Doubts About China’s Energy Priorities NYT *

Coal – Surviving US Power Plants Will Help Keep Demand Steady B *



HEALTH

Drugs – Why Cocaine Farmers Are Getting Into Chocolate Instead B * *

Drugs – Narcotic Drugs Can Be Coaxed From Yeast NYT



ENDNOTE

Europe’s National Liquors motw *



Today’s Issue Cluster: China

China – Don’t Expect a Cure For Real Estate Woes
Online – Singles Day Draws New Suitors: Foreign Sellers
Copper – Rout Deepens as China’s Inflation Decelerates



MAJOR DATA POINTS

China – Oct: Industrial output growth at six-month low; +5.6% from +5.7% / AFP / AP

China – Oct: Retail sales grew at swiftest rate this year; +11.0% from +10.9% / FT / X *



MARKETS

China – Equities return to bull market territory WSJ *

China – Steps Up Market Reforms Amid Record Capital Outflows B *

China – Beijing’s Market Grip Stays Tight, Despite Lifting IPO Ban WSJ *

China – Property Junk-Bond Sector Is an Unlikely Gem WSJ *

China – The IMF debates whether to include Yuan in its reserves E *

China – Foreign-Exchange Reserves Rise, Snapping Streak of Outflows WSJ *



ECONOMICS

China – Two-Track Economy Diverges Further in October WSJ *

China – New Minxin gauge shows year of contraction B * *

China – Xi Says 6.5% Growth Needed B / AP / R / WSJ *

China – 6.5% Target Tests Market’s Faith in Growth Story B *

China – Best-Laid Plans Could Go Awry WSJ *

China – Purported Fiscal Stimulus Isn’t Shovel-Ready Yet B

China – Consumers Picking Up Some of the Slack WSJ *

China – Consumers Need to Step Up BW *

China – Delays Economic Liberalization WSJ *

China – Manufacturing: Adapt or die FT * * *

China – Old-Line Industries Get an Internet Boost WSJ *

China – Seeks quantum leap to a new economic model FT *



POLITICS & FISCAL POLICY

China – Taiwan: Beijing’s ever tighter embrace FT / WSJ / AP * *

China – Unseats Canada as Top US Trade Partner B / G&M *



MONETARY POLICY

PBOC – China Cuts and Cuts, but Not Deep Enough WSJ *



FINANCE

China – Banks need €355b under global ‘too big to fail’ rules FT

China – Banks Are Laying Profit Growth Goose Eggs WSJ *

China – Banks Look to Shadow Banking for Growth WSJ *



REAL ESTATE

China – Mainland Companies Flock to HK Properties WSJ

China – Don’t Expect a Cure For Real Estate Woes B *

China – Lumber prices down sharply / cr *



LABOR & EDUCATION

China – Population fears held up scrapping of one child policy FT *



SERVICES

Lux – Sales of Luxury Alcohol Rising Again in China WSJ *

Lux – Handbags Lose Some Cachet WSJ *



MANUFACTURING

TECH

Online – Chinese spend big on Singles Day FT / B / R / FT / WSJ / AFP

Online – Singles Day Draws New Suitors: Foreign Sellers NYT

Online – Alibaba’s Global Ambitions Face Counterfeit Challenge WSJ *



TRADE & TRANSPORTATION

COMMODITIES

Steel – European makers point the finger at China FT / FT

Copper – Rout Deepens as China’s Inflation Decelerates WSJ *

Aluminum – Rising Chinese Production Keeps Lid on Prices WSJ *



ENERGY & ENVIRONMENT

HEALTH

ENDNOTE

Look Who’s Missing From Facebook’s Map of World Friends slate *



Today’s Issue Cluster: Planes

World – A Rough Year for Forecasting Central-Bank Decisions
Coal – Consumption Heads for Biggest Decline in History
Bird Flu – Most affected chicken, turkey farms can restock



MAJOR DATA POINTS

China – Oct: Deflation Pressures Signal More Easing; 1.3% from 1.6% / B / WSJ / AP / FT / b / X *

China – Oct: PPI deflation at same level for a third month; -5.9% from -5.9% / X *

US – Sep: Wholesale inventories post gain; +0.5% from +0.3% / R

US – Oct: Import Prices Down; -0.5%, -10.5% yr / WSJ



MARKETS

ECONOMICS

World – OECD cuts world growth forecast FT * * *

World – Infrastructure: Bridging the gap FT * * * *



POLITICS & FISCAL POLICY

Myanmar – Suu Kyi’s Party Says Decisive Victory WSJ / FT / WSJ *

Myanmar – Ruling party concedes defeat FT / R / B / FT *

Myanmar – Change in the air E * *

Myanmar – Vies to retain investor allure FT *



MONETARY POLICY

World – Peak independence FT * *

World – A Rough Year for Forecasting Central-Bank Decisions B * * *

World – Treat central bank forecasts with caution FT *

World – Central banks confuse with mixed messages FT * *



FINANCE

World – Banks must raise €1.1t in special debt by 2022 FT / WSJ R / B *



REAL ESTATE

LABOR & EDUCATION

SERVICES

MANUFACTURING

Planes – Market: Jetliner Deals Fall as Industry Loses Confidence WSJ / R

Planes – Market: Order Drought Fails to Dent Production Plans WSJ

Planes – C919: China Rolls Out First Large Passenger Jet WSJ / AP / E *

Planes – C919: A Kind of Flying iPhone? a *

Planes – A320: Airbus to ramp up output FT / WSJ / NYT

Planes – A380: Airbus CEO suggests order may slip into 2016 R / FT / R

Planes – 737: Boeing likely to match Airbus R

Planes – 787: Boeing Gets Boost in $8b Eva Deal B / FT

Planes – 777: Delta warning prompts questions about production levels R



TECH

Cybersecurity – US busts big ‘cybercriminal enterprise’ FT

Cybersecurity – Paying Ransoms to Hackers Stirs Debate WSJ *

Cybersecurity – The rise of the hacker E *

Cybersecurity – Ukraine the Hottest Front WSJ *



TRADE & TRANSPORTATION

Air – No-go zones keeps growing WaPo *

Air – All-You-Can Fly, for a Monthly Subscription NYT

Air – Asia Business Map: Crowds above the clouds N *



COMMODITIES

Sugar – Supply crunch boosts prices N * *

Sugar – Hedge Funds Load Up WSJ *



ENERGY & ENVIRONMENT

Coal – In crisis as energy sector stumbles FT

Coal – Consumption Heads for Biggest Decline in History B

Coal – Rich nations assess plan to slash billions from investment FT

Coal – Peabody Energy misled on climate change, says NY regulator FT



HEALTH

Bird Flu – Most affected chicken, turkey farms can restock AP

Bird Flu – Science’s big missed opportunities R *



ENDNOTE

Blending the colors of each country’s flag into one hue motw *



Today’s Issue Cluster: US Labor & Monetary Policy

Hotels – New York Industry Goes on Offensive Against Airbnb
US – The Long Decline in Church Construction May Soon End
Alt – Wind: TX Utility Offers a Nighttime Special: Free Electricity



MAJOR DATA POINTS

China – Oct: Exports Drop for Fourth Month; -3.6% from -1.1% / B / FT / WSJ

China – Oct: Imports fall in sign of battered domestic demand; -16% from -17.7% / AFP / AP



MARKETS

US – Stock Investors Position for Rate Increase WSJ

US – Stock Outlook Turns Murkier WSJ *

US – Dash for debt ahead of rate rise FT * * *



ECONOMICS

US – Entitlements crowd out investment, Greenspan argues B *

US – Average household income per county / ds *



POLITICS & FISCAL POLICY

US – Ryan’s promotion lifts hopes for tax reform FT * *



MONETARY POLICY

Fed – Debate shifts to pace of lift-off FT / WSJ / B / AP / R * * *

Fed – One of Yellen’s Labor Market Measures Looks Better B * *



FINANCE

REAL ESTATE

US – First-Time Home Buyers Falls to Lowest Levels in Three Decades WSJ

US – The Long Decline in Church Construction May Soon End wsj *

US – Construction Spending Up 14.1% YoY / cr *



LABOR & EDUCATION

US – Hiring Surges WSJ * *

US – Jobs Report in Charts / wsj * *

US – Climbing Death Rate for Middle-Aged Whites wsj / FT / NYT *

US – Falling participation raises conundrum for Fed FT *

US – Count the Long-Term Unemployed as ‘Slack’? B *

US – What We Know About the 92m Not in Labor Force wsj * * *

US – Economist Throwing Cold Water on Sinking Jobless Claims B * *

US – Shift to Benefits From Pay Helps Explain Sluggish Wage Growth WSJ *

US – Retailers Work Harder to Lure Holiday Employees WSJ *

US – ‘Gig Economy’: Why Are So Few People Self-Employed? wsj *

US – Prepare for the Great Moderation B *

US – ND has largest percentage increase in employment since 2007 / BLS *



SERVICES

Hotels – Accor and Hyatt to the fore in deals rush FT * * *

Hotels – New York Industry Goes on Offensive Against Airbnb B

Hotels – China Business Travel Spending Poised to Overtake US in 2016 B *



MANUFACTURING

TECH

TRADE & TRANSPORTATION

COMMODITIES

ENERGY & ENVIRONMENT

Alt – Wind: TX Utility Offers a Nighttime Special: Free Electricity NYT *

Alt – Solar: Poised to shake up the electricity industry FT * *

Alt – Solar: Say Goodbye to Subsidies BW

Alt – Biofuel: Needs $70 oil to compete, says DuPont FT *



HEALTH

ENDNOTE

The world’s most powerful passports statista *



Today’s Issue Cluster: Metals

TPP – Canada: Dairy farmers face flood of imports
AGOA – US threatens to suspend South Africa trade privileges
Power – Lights Out in Britain for the Coal Industry



MAJOR DATA POINTS

Germany – Sep: Industrial Output Drops Amid China Risks; -1.1% from -0.6% / B

US – Oct: Payrolls Climb Most This Year; +271k from +142k / B / NYT / FT / R / b *



MARKETS

Euro – Summer Rebound Fizzles Out WSJ *



ECONOMICS

EU – Nudges Up Growth Forecasts for 2015 WSJ / FT *

EU – Navigating negative rates B *

EU – Italy Turning the Corner WSJ *



POLITICS & FISCAL POLICY

US – Obama to Reject Keystone WSJ

US – Canadian Crude Still Flows WSJ *



MONETARY POLICY

ECB – Negative rates considered to have further to fall FT * * *



FINANCE

Greece – Bank Nightmare Isn’t So Scary WSJ *



REAL ESTATE

Sweden – House prices continue to soar, to regulators’ despair E *



LABOR & EDUCATION

SERVICES

MANUFACTURING

TECH

TRADE & TRANSPORTATION

TPP – Agreement Terms Herald Public Battle WSJ / NYT / FT / AFP *

TPP – Includes currency vow FT / WSJ / B / N

TPP – Takes aim at Chinese hacking FT

TPP – Bank Provisions Draw Fire WSJ

TPP – Canada: Dairy farmers face flood of imports G&M / CBC / FP / FP / FP

TPP – Could be sticky for Quebec’s maple syrup producers FP * *

TPP – Divides auto parts industry CBC

TPP – Japan to accept some US auto safety standards N / N

TTIP – US wary of EU proposal for investment court in trade pact R

AGOA – US threatens to suspend South Africa trade privileges FT *



COMMODITIES

Steel – China Says Demand Slumping at Unprecedented Speed B *

Steel – Is This a Tell on the State of China WSJ * *

Steel – China excess slams brakes on Japanese N *

Steel – US Sets New Duties on China WSJ

Steel – Tata warns of further cuts in UK operations FT

Aluminum – US industry fights for its life FT / R *

Aluminum – China supply adds to US tensions FT

Copper – Stronger Chinese demand could be short-lived R *

Zinc – Miners fail to follow Glencore output cuts; price slides R *

Gold – China’s investment at risk as Beijing frees yuan R *

Miners – Small Asian Companies Struggle for Funding WSJ *



ENERGY & ENVIRONMENT

Power – Lights Out in Britain for the Coal Industry NYT

Power – UK’s high-wire act on supplies laid bare FT / FT

Power – As Conservation Cuts Electricity Use, Utilities Turn to Fees WSJ *

Power – Nuclear emits no greenhouse gases, yet it is struggling E * * *



HEALTH

ENDNOTE

The evolution of American energy consumption since 1776 bi *



Today’s Issue Cluster: Oil

Bonds – Yields Buoyed Around Globe as Fed Rate-Boost Odds Beat 50%
US – The South Rises: Regional Banks Gain; Giants Struggle
Cybersecurity – Pentagon Farmed Out Its Coding to Russia



MAJOR DATA POINTS

Germany – Sep: Factory orders drop 3rd month; -1.7% from -1.8% / AP / AFP / B *

US – Q3: Productivity Rises at Modest Rate; +1.6% from +3.5% / WSJ / R / AP / B

US – Week: Jobless claims post largest increase since February; +16k to 276k / R / WSJ / AP / B



MARKETS

Bonds – Yields Buoyed Around Globe as Fed Rate-Boost Odds Beat 50% B *

Bonds – Munis Shine in Bleak Landscape WSJ * *

Bonds – US Corporate Market Booms WSJ *



ECONOMICS

POLITICS & FISCAL POLICY

MONETARY POLICY

Fed – Yellen Signals December Increase NYT / FT / WSJ / AP / R / B



FINANCE

US – The South Rises: Regional Banks Gain; Giants Struggle IBD

Germany – Battered Regional Lenders Tiptoe Back Into Risk WSJ



REAL ESTATE

LABOR & EDUCATION

HigherEd – Shrinking Financial Aid Curbs Tuition Increases WSJ

HigherEd – Liberal Arts Students Earn Less WSJ *



SERVICES

Media – Axel Springer sees early success in countering adblockers R / FT

Media – UK’s biggest-selling newspaper to take down paywall R / FT



MANUFACTURING

TECH

Cybersecurity – US Detects Flurry of Iranian Hacking WSJ

Cybersecurity – Pentagon Farmed Out Its Coding to Russia DB

Cybersecurity – Businesses braced for bout of regulation FT * *

Cybersecurity – Senate Passes Legislation WSJ / FT

Cybersecurity – Old Internet Flaw Causes New Problems WSJ *

Cybersecurity – US Firms Fight Global Deal WSJ



TRADE & TRANSPORTATION

Ship – Glut of container capacity torpedoes shipping fees N

Ship – Maersk to Cut 4k Jobs as Market Deteriorates WSJ *



COMMODITIES

ENERGY & ENVIRONMENT

Oil – Gasoline Could Be Even Cheaper WSJ *

Oil – Will Struggle to Break Past $60 in 2016 WSJ *

Oil – Producers Curb Megaproject Ambitions to Focus on US Shale B

Oil – In West Texas, Drillers Keep Pumping WSJ / WSJ *

Oil – Shell Has Biggest Loss in More Than a Decade B / FT / ft * * *

Oil – Brazil strike cuts output up to 13% R

Oil – Pakistani broker fuels Iraqi Kurdistan exports FT * *

Oil – Don’t Look to China for Rebound WSJ *



HEALTH

ENDNOTE

Location of world’s best universities motw *



Today’s Issue Cluster: Autos

EU – Biggest Banks Are Cutting 30,000 Jobs
Rubber – Too much supply has tire makers worried
Carbon – China Burns Much More Coal Than Reported



MAJOR DATA POINTS

China – Oct: Markit services PMI rose from 14-month low; 52.0 from 50.5 / R

EZ – Oct: Markit final Composite PMI weaker; 53.9 was 54.0 / R

US – Oct: ADP private sector adds jobs; +182k from +190k / R / WSJ

US – Oct: ISM service sector growth accelerates; 59.1 from 56.9 / R

US – Sep: Trade deficit at seven-month low; -$41b from -$48b / R / B



MARKETS

India – Bonds Attract Investors Despite EM Jitters WSJ *

India – ‘Sell rupees when global going is good, buy in hard times’ B * *



ECONOMICS

India – Modi struggles for investment from private sector FT * * *

India – Will it replicate China’s previous growth rate? B * *

India – ‘The debt is coming from inside the house’ ft *



POLITICS & FISCAL POLICY

MONETARY POLICY

RBI – India’s double-barreled rate cut risks credibility B *



FINANCE

EU – Banks’ Long Road to Recovery WSJ / WSJ

EU – Biggest Banks Are Cutting 30,000 Jobs B *



REAL ESTATE

LABOR & EDUCATION

SERVICES

MANUFACTURING

Autos – US: Sales Jump R / WSJ / NYT / AP / B *

Autos – VW: Cheating probe spreads to CO2 tests FT / WSJ / NYT / R / B *

Autos – VW: Scandal spreads to Porsches FT / WSJ / NYT / AP / R / FT *

Autos – GM: Sets Raise for Its US Factory Workers WSJ *

Autos – FCA: Jeep Primed for Larger Global Role WSJ *

Autos – Tesla: Burning Rubber and Cash WSJ / FT / NYT / WSJ / FT *

Autos – Renault: Nissan alliance put at risk by France’s stakebuilding FT *

Autos – Toyota: Bets the future car will be fuelled by hydrogen FT / R * *

Autos – Ford: To Pour $1.8b Into Smartcars for China WSJ *

Autos – EMs: Sales rise for second straight month FT * * * *



TECH

TRADE & TRANSPORTATION

AVs – Can Detroit Beat Google? BW

AVs – Driver Videos Push Tesla’s ‘Autopilot’ to Its Limits WSJ *



COMMODITIES

Rubber – Too much supply has tire makers worried N * *



ENERGY & ENVIRONMENT

Carbon – China Burns Much More Coal Than Reported NYT *

Carbon – EPA sets new ozone standard AP / NYT / B / WSJ

Carbon – Obama Rules to Face Lawsuits, Congressional Tests WSJ

Carbon – California Restores Rule to Cut Fuel by 10% WSJ / NYT / LAT

Carbon – Carney defends global warming remarks R / FT / FT / FT / FT * * *

Carbon – ‘Setting goals low only delays pain’ B *



HEALTH

ENDNOTE

How the world’s richest people built their fortunes bm *



Today’s Issue Cluster: Africa & China

X



MAJOR DATA POINTS

US – Sep: Factory orders fall for second month; -1.0% from -2.1% / R



MARKETS

EMs – Some Investors Actually Made Money WSJ * *



ECONOMICS

Africa – Growth feels the strain from China’s slowdown FT *

Africa – Those Who Bet on China Face Fallout WSJ / R *

Africa – Progress stalls amid commodity slide WSJ * *

Africa – Must allow currencies to fall, IMF says B *

Africa – Middle class: Few and far between E *

Africa – The East emerges as a trade hub FT *

Africa – Small farmers need to produce more E * *

Africa – The stalling continent E *

Ivory Coast – Head says strong economy lifts hopes of peaceful poll FT *

Ghana – Pays Steep Price for Investor Retreat From Risk WSJ

Nigeria – Rails at bond index expulsion FT *

Kenya – Teachers’ strike exposes budget holes FT * *

Angola – Boom, Fueled by China, Goes Bust WSJ *

Zambia – Bears the brunt of China’s economic slowdown FT *

Zimbabwe – Backs to the wall E * *

South Africa – Economy creaking, ANC mired in scandal FT * *

South Africa – Employment structure by race / ft *



POLITICS & FISCAL POLICY

MONETARY POLICY

World – Economies too weak for normal monetary policy to resume e *

World – ‘Aim of current easing is to steal demand from the future’ B *



FINANCE

REAL ESTATE

LABOR & EDUCATION

SERVICES

MANUFACTURING

Machinery – Farmers Shift to Leases, Threatening to Swell Glut WSJ *



TECH

Tech – Firms Weigh Moving Data From US to EU WSJ *

Tech – The Increasingly Crowded Unicorn Club cb *



TRADE & TRANSPORTATION

Pipeline – TransCanada asks US to suspend Keystone FT / WSJ / B / R / NYT / G&M *

Rail – Roads Seek Safety-System Deadline Extension WSJ *



COMMODITIES

Commods – Weary investors see end of slump FT * * *

Commods – Focus on Africa for next ‘supercycle’ FT



ENERGY & ENVIRONMENT

HEALTH

ENDNOTE

The Evolution of the Watermelon, Captured in Still Lifes ha
1600s
*
1800s
*



Today’s Issue Cluster: Health Insurance

Retail – Consumers may have extra money, but they’re not spending it
EMs – Currencies Rallied in October; Debt pile starts to shrink
BOJ – Reruns inflation downgrade script



MAJOR DATA POINTS

Japan – Oct: Manufacturing PMI hits one-year high; 52.4 from 51.0 / R

China – Oct: Official PMI unchanged shrinks for third month; 49.8 / R / WSJ / FT / B / AP

China – Oct: Caixin factory PMI shrinks at slower pace; 48.3 from 47.2 / R / B / WSJ

US – Oct: ISM manufacturing sector growth slows; 50.1 from 50.2 / R / WSJ



MARKETS

EMs – Currencies Rallied in October WSJ

EMs – Debt pile starts to shrink FT * *

EMs – Asian stocks extend dominance of index FT * * * *

EMs – Is growth slowdown stabilizing? FT * *



ECONOMICS

SK – As China Cools, Exporters Feel Chill WSJ *

SK – Seoul’s Warming Ties With China Isolate NK WSJ *

NK – Cash Crunch Hits Elite WSJ *



POLITICS & FISCAL POLICY

Turkey – Ruling AKP Regains Parliamentary Majority WSJ / FT / R / WSJ *

Turkey – Election Only Answers One Question for Investors WSJ / B *

Turkey – Erdogan sweeps to victory FT / FT *

Turkey – Erdogan kicks off coalition talks FT / WSJ *

Pakistan – Disdain over IMF’s rosy view FT * *

Pakistan – Lower oil prices prove to be a boon E *

Kazakhstan – Faces oil dilemma as prices plunge FT * *

Central Asia – After the strongmen FT * *



MONETARY POLICY

BOJ – Fears Overstimulation WSJ / WSJ / NYT *

BOJ – Holds course despite deepening gloom FT / B / FT *

BOJ – Reruns inflation downgrade script r * *



FINANCE

US – Banks face $120b shortfall under Federal Reserve plan FT / R / B

US – Fed Rule Would Ease Strain From Dying Banks NYT / AP / WSJ

EU – ECB says Greece’s banks need €14b FT / WSJ / NYT / R / FT *



REAL ESTATE

LABOR & EDUCATION

SERVICES

Retail – Consumers may have extra money, but they’re not spending it B *

Retail – QVC: The unlikely juggernaut of mobile shopping WaPo

Retail – Wal-Mart Shrinks the Big Box, Vexing Vendors WSJ *



MANUFACTURING

TECH

TRADE & TRANSPORTATION

COMMODITIES

ENERGY & ENVIRONMENT

NatGas – Crashes to lowest level since 2012 FT / FT *

NatGas – Hopes for Golden Age Evaporate WSJ *



HEALTH

Insurance – Health Law’s Strains Show WSJ *

Insurance – Businesses, Patients Feel Marketplaces’ Ripple Effect WSJ *

Insurance – ObamaCare Rates Rise WSJ / IBD *

Insurance – More Health Co-ops Face Collapse WSJ / NYT

Insurance – Health Care Companies in Merger Frenzy NYT

Insurance – Health Care Now Relatively Cheap B *



ENDNOTE

15 largest marathons b *