Bz Nwz

Today’s Issue Cluster: Auto Scandals

Asean – Growth potential is waning
e-Cigs – Why e-smoking is flourishing
Zika – Local US outbreaks ‘likely’



MAJOR DATA POINTS

EZ – Q1: GDP returns to pre-crisis levels; +0.6% from +0.3% / FT / WSJ / R

Mexico – Q1: GDP Beats Forecasts; +2.7% / B

US – Mar: Fed fav PCE price index rose; +0.1% from -0.1% / WSJ / R

US – Q1: Employment Costs Improve at Modest Rate; +0.6% from +0.5% / WSJ

US – Apr: UMich sentiment index falls; 89.0 from 91.0 / MW

US – Apr: Chicago PMI falls; 50.4 from 53.6 / MW



MARKETS

Asean – Debt problem hasn’t gone away B *

Asean – Growth potential is waning E *



ECONOMICS

Mongolia – Land of Lost Opportunity WSJ *

Thailand – Tourism: the Chinese keep coming FT * *

Indonesia – Market buoyant FT *

Indonesia – Toiling over transition FT *

Indonesia – Sprawling archipelago is a logistics company’s nightmare N * *

Philippines – Energizes as FDI powerhouse FT



POLITICS & FISCAL POLICY

Asia – Fighter jet sales fit into US’s China-containment strategy N *



MONETARY POLICY

FINANCE

Asia – China’s ambitions show through in ‘Silk Road’ lending FT *

Asia – Infrastructure challenge set to cost $6.5t N * *



REAL ESTATE

LABOR & EDUCATION

SERVICES

e-Cigs – UK Report Advocates Substituting for Tobacco WSJ

e-Cigs – Why e-smoking is flourishing E / NYT *



MANUFACTURING

Autos – Scandals: Industry left reeling by multiple investigations FT * *

Autos – Mitsubishi: Admits Manipulating Fuel-Economy Data WSJ / FT / NYT / N *

Autos – Diesel: The gulf between test results and the real world widens E *

Autos – VW: Says scandal bill could be much more than $18b R / FT / WSJ / NYT *

Autos – VW: Falls to biggest annual loss in its history FT *

Autos – VW: Deal With US Over Emissions Scandal WSJ / FT

Autos – VW: Costs of scandal mount FT *

Autos – VW: Says ‘no sacred cows’ in turnround FT *

Autos – VW: Why Digital Could Be Harder than Diesel WSJ

Autos – VW: Did Germany turn a blind eye? FT *

Autos – VW: The One Family That Could Fix It and Why They Won’t B *



TECH

TRADE & TRANSPORTATION

COMMODITIES

ENERGY & ENVIRONMENT

HEALTH

Zika – Brain Damage Far Worse Than Expected WSJ

Zika – Local US outbreaks ‘likely’ R / AFP *

Zika – White House to Shift $500m from Ebola WSJ



ENDNOTE

Photos taken by locals and tourists in Tokyo motw *



Today’s Issue Cluster: Crops

Stocks – Strange Trades Are Happening in Global Markets
BOJ – Holds Off on More Stimulus
Oil – Bulls Plunge Into Market as US Gasoline Demand Hits Record



MAJOR DATA POINTS

Japan – Mar: Falls back into deflation; -0.1%, core +0.7% / FT / R / B

EZ – Apr: Confidence Picks Up After ECB Stimulus; 103.9 from 103.0 / WSJ

US – Q1: Growth cools; +0.5% from +1.4% / FT / NYT / WSJ / R / B

US – Week: Jobless Claims Rose; +9k to 257k / WSJ / B



MARKETS

Stocks – Strange Trades Are Happening in Global Markets B * * *

Stocks – US set for second-longest bull run FT *

Stocks – US in Midst of Historic Bull Market B * * *



ECONOMICS

POLITICS & FISCAL POLICY

EU – Obama Praises Europe in Op-Ed Aimed at Swaying Brexit Vote B

EU – Putin’s Propaganda Machine Is Meddling With Elections B *



MONETARY POLICY

Fed – Concerns about global economic risks ease FT / WSJ / NYT / B *

Fed – No One Believes It, but Inflation Is a Pretty Good Bet WSJ *

Fed – Japan’s Nirp is an alarm bell for the US FT

BOJ – Holds Off on More Stimulus B *

BOJ – Stuns Market B *

BOJ – Hold disappoints FT / FT *

BOJ – Why Kuroda Held Fire WSJ *



FINANCE

REAL ESTATE

LABOR & EDUCATION

SERVICES

MANUFACTURING

F&B – Big food in health drive to keep market share FT * *

F&B – Wholesale Food Distributors Push Higher IBD



TECH

Cybersecurity – Thieves target bank systems after Bangladesh heist FT *

Cybersecurity – Iran opens a new front FT *



TRADE & TRANSPORTATION

COMMODITIES

Crops – Hedge funds double bets on rally as weather gets nastier B *

Crops – Corn and soybeans attract heavy investor buying FT

Crops – China may relax its almost total ban on growing GM food E *

Crops – Global Coffee Shortage Looms B *

Crops – Are the sweet days over for orange juice? FT *

Crops – El Niño: Feeling the heat FT *



ENERGY & ENVIRONMENT

Oil – Bulls Plunge Into Market as US Gasoline Demand Hits Record B *

Oil – Magic Number Becomes $50 for Promise of Recovery B *

Oil – Could Reach $75 in Q1 Says Standard Chartered / b *

Oil – Most Analysts Aren’t Buying the Rally WSJ *

Oil – Companies’ Bet on Kurdistan Turns Sour WSJ *

Oil – Unexpected consequences of slump FT *

Oil – Skid in Prices Pulls Recycling Industry Down With It NYT / B *



HEALTH

ENDNOTE

Country flags: Have families, too *



Today’s Issue Cluster: Mobiles

EU – GDP Report Earlier, and Possibly Less Accurate
EU – UK: Housebuilding offers sole bright spot for construction sector
EU – The Trucker’s Nightmare That Could Flatten Economy



MAJOR DATA POINTS

US – Mar: Pending home sales up; +1.4%, +1.4% yr / MW



MARKETS

EU – ECB helps spur eurobond market dream FT *



ECONOMICS

EU – GDP Report Earlier, and Possibly Less Accurate B *



POLITICS & FISCAL POLICY

EU – Refugee crisis defused for now b *

EU – Greece: The mother of all crises has been gathering steam again FT / WSJ

EU – Spain: Returning to the polls FT / WSJ / B *

EU – Spain: Podemos Could Be No. 2 B *



MONETARY POLICY

ECB – Leaves Door Open for Further Rate Cuts WSJ / FT / NYT / R / B *

ECB – Draghi Can Argue Glass Is Half Full B * *

ECB – Latest spectrometer; Weidmann and Praet have moved / b *



FINANCE

EU – Spain: Negative Rates Put Squeeze on Banks WSJ *

EU – UK: Banks’ recovery from crisis lags behind European peers FT *

Swiss – Private banks target overseas growth as uniqueness vanishes FT *



REAL ESTATE

EU – UK: Housebuilding offers sole bright spot for construction sector FT *

EU – UK: Greenbelt housing plans fail to lower demand FT *

EU – UK: Top London homes being sold at a discount FT *

EU – UK: London Skyscraper Rents Soar Amid Surging Demand B *



LABOR & EDUCATION

EU – Germany: Joblessness Poised for a Bump as Refugees Search for Work B * *



SERVICES

MANUFACTURING

TECH

Mobiles – Apple suffers first revenue decline in 13 years FT / WSJ / R / B / NYT * * *

Mobiles – Apple Results Show How Far iPhone Sales Have Fallen B *

Mobiles – Apple’s Watch Outpaced the iPhone in First Year WSJ *

Mobiles – Samsung Makes Aggressive Play for EMs WSJ *

Mobiles – Phone-backed bonds set for US debut FT *



TRADE & TRANSPORTATION

EU – US on TTIP: ‘Our Administration Wants a Deal This Year’ S / WSJ / FT

EU – The Trucker’s Nightmare That Could Flatten Economy B *



COMMODITIES

ENERGY & ENVIRONMENT

HEALTH

ENDNOTE

Rural-urban happiness divide in the EU q *



Today’s Issue Cluster: Natural Gas

Japan – The Tokyo Whale Is Quietly Buying Up Huge Stakes of Companies
Air – Plenty of Passengers, but Where Are the Pilots?
China – First-quarter metal imports say more about supply than demand



MAJOR DATA POINTS

SK – Q1: GDP slowdown deals fresh blow to Park; +0.4% from +0.7% / FT

US – Feb: Case-Shiller home price gains moderating; +5.0% from +5.7% / CNBC / WSJ / B

US – Mar: Durable goods rebound below expectations; -0.8% from -3.1% / R / WSJ / B

US – Apr: ConfBd consumer confidence slips; 94.2 from 96.1 / AP



MARKETS

Japan – Mrs Watanabes show share trading prowess FT *

Japan – Kuroda Calls Yen’s Recent Rise ‘Excessive’ WSJ



ECONOMICS

Japan – The Tokyo Whale Is Quietly Buying Up Huge Stakes of Companies B * *



POLITICS & FISCAL POLICY

MONETARY POLICY

BOJ – How Long Can Kuroda Wait? WSJ *

BOJ – Surging yen piles on easing pressure FT *

BOJ – ‘Big easing’ predicted as yen rises FT *

BOJ – What Will Kuroda Think of Next? WSJ / WSJ *

BOJ – Strengthening yen leaves Kuroda facing more radical options B *



FINANCE

Japan – Negative Rates and Patches of Trouble for Insurers WSJ *



REAL ESTATE

LABOR & EDUCATION

SERVICES

Retail – Wal-Mart Re-Thinks Small Format Strategy As Dollar Stores Swarm IBD

Retail – Upscale Shopping Centers Nudge Out Down-Market Malls WSJ *

Retail – There Are More Consumer Goods Than Ever WSJ *

Retail – Department Stores Need to Cull Hundreds of Sites, Study Says WSJ *



MANUFACTURING

3D Printers – Gaining Traction With Nike, Boeing, HP Inc. IBD

3D Printers – Auto Makers, Others Explore New Roles WSJ *



TECH

TRADE & TRANSPORTATION

Air – Plenty of Passengers, but Where Are the Pilots? NYT

Air – Asean demand for travel takes off FT *

Air – Too little freight, too much space E *



COMMODITIES

China – Commodities rebound is for real FT *

China – First-quarter metal imports say more about supply than demand r * * *

China – Clamps down on commodities frenzy FT



ENERGY & ENVIRONMENT

NatGas – Has Best Week of 2016 as Supply Glut Narrows B / R *

NatGas – Asia’s LNG Prices Hit the Brakes WSJ *

NatGas – First US Shipment En Route to Europe WSJ *

NatGas – EU Has Most Favorable Economics for US LNG, BNEF Says / b *

NatGas – US shale gas producers bet Mexico is next bonanza FT * *

NatGas – Glut Hands Pricing Power to Buyers WSJ *

NatGas – Summer could push producers into desperation WSJ *

NatGas – Likely reserves in the Arctic enormous vc *



HEALTH

ENDNOTE

US Electric Generator Inventory / eia *



Today’s Issue Cluster: eTaxi Services

US – Millenials Leaving Home
Oil – As Jobs Dry Up, Workers Turn to Solar Sector
Oil – Biggest Retail Gain in Decade Aids Canada Shock Rebound



MAJOR DATA POINTS

Germany – Apr: Ifo business confidence stable; 106.6 from 106.7 / AFP

US – Mar: New home sales drop; -1.5% / R



MARKETS

ECONOMICS

US – State Coincident Indexes Increased in 41 states / cr *



POLITICS & FISCAL POLICY

MONETARY POLICY

Fed – Say Goodbye to the Bank You Once Knew B * *



FINANCE

US – Banks endure biggest drop in revenues since 2011 FT *

US – A Tough Year for Banking Takes Shape NYT / NYT

US – The limits of fasting E *

US – Wall Street’s Oil Crash B * *

US – Banks’ dismal Q1 may spell trouble for 2016 R



REAL ESTATE

US – Millenials Leaving Home Bn

US – Home-Price Surge Stymies First-Time Buyers WSJ

US – Divide Growing Between Affordable and Expensive Cities WSJ *

US – Framing Lumber Prices Up Year-over-year cr *



LABOR & EDUCATION

SERVICES

MANUFACTURING

TECH

eTaxi – Uber Drivers Settle With Ride-Hailing Company in Labor Dispute WSJ / FT / NYT * *

eTaxi – Tipping Is Coming B / WSJ

eTaxi – Uber Overtakes Rental Cars Among Business Travelers B *

eTaxi – Start-Ups Compete in ‘Uber for Children’ Niche NYT

eTaxi – BMW to launch ‘Airbnb for cars’ service in Seattle FT

eTaxi – ‘Uber way more efficient than taxis’ cd *

eTaxi – The prices of New York City taxi medallions / cd *



TRADE & TRANSPORTATION

COMMODITIES

Steel – Surprise rally looks on borrowed time FT *

Steel – China’s ‘zombie’ mills worsen global glut R

Steel – The 54% Rally That Points to China’s Rapid Shift B *



ENERGY & ENVIRONMENT

Oil – As Jobs Dry Up, Workers Turn to Solar Sector WSJ

Oil – Biggest Retail Gain in Decade Aids Canada Shock Rebound B

Oil – From Doha collapse to $45 a barrel: a defining week? FT *

Oil – Saudi Arabia’s Break-Even Price Plunges B *

Oil – US, not Opec, decides the fate of global market E *

Oil – Majors’ $100 Hangover Hurts Profit as Cost Cuts Fall Short B *

Oil – Offshore rig operators reel from price rout FT *

Oil – Looming gasoline glut threatens rebound R

Oil – Producers Lock In Once-Snubbed Prices WSJ *

Oil – Nigeria output forecasts drop sharply FT

Oil – Uganda to export via Tanzania pipeline FT *

Oil – The Rise and Deadly Fall of Islamic State’s Tycoon WSJ *

Oil – How Electric Cars Will Cause the Next Crisis B * * *



HEALTH

ENDNOTE

Most Bank Complaints by State mapitude *



Today’s Issue Cluster: China

PBOC – Signals Less Appetite for Stimulus as Outlook Improves
Commods – China’s Great Ball of Money Is Rushing Into Futures
Crops – A stronger dollar is making US wheat less competitive



MAJOR DATA POINTS

EZ – Apr: Markit Manufacturing PMI Eases; 51.5 from 51.6 / m

US – Apr: Markit Manufacturing PMI Lowest In 6 yrs; 50.8 from 51.5 / m *



MARKETS

China – Investors Tiptoe Back Into Shares WSJ *

China – The recent calm is unlikely to last WSJ *

China – Defaults send chill through bond market FT * *

China – Quietly Halting Creation of New Investment Businesses WSJ *

China – It’s All Suddenly Going Wrong in $3T Bond Market B *

China – Bond Market Shows Silver Lining of Stress WSJ *

China – Debt: not a cheap American copy FT *



ECONOMICS

China – Revival Policies Appear to Gain Traction WSJ / R *

China – Calms Anxiety With Economic Fixes WSJ

China – GDP Data Shows a Very Predictable Pattern B *

China – QoQ and YoY GDP data aren’t adding up B *

China – It’s Never Been This Hard for Debtors to Pay Interest B * *

China – Missed Opportunities to Kill Zombie Companies WSJ *

China – Another Curious Case of Stock Alchemy WSJ *

China – Corporate credit outpaces GDP since 2007 / t *

China – Two Zones Emerging as Economy Slows / b *

China – Bleak times in bra town E *

China – Out with the old economy FT *



POLITICS & FISCAL POLICY

MONETARY POLICY

PBOC – Signals Less Appetite for Stimulus as Outlook Improves B



FINANCE

China – As Growth Slows, Banks Feel the Strain of Bad Debt NYT



REAL ESTATE

China – House prices surge as efforts to cool market fall flat FT / NYT

China – New mortgages up 75% / e *

China – Beijing rent ranked world’s least affordable FT *

China – Economy Faces Recovery Without Legs WSJ *



LABOR & EDUCATION

China – Makes Plans for 1.8m Workers Facing Unemployment WSJ



SERVICES

MANUFACTURING

TECH

TRADE & TRANSPORTATION

COMMODITIES

Commods – Make a Comeback as Bad Weather Meets Chinese Demand B *

Commods – China speculators drive rally FT / B *

Crops – A stronger dollar is making US wheat less competitive BW *



ENERGY & ENVIRONMENT

HEALTH

ENDNOTE

Photos taken by locals and tourists in Vancouver motw *



Today’s Issue Cluster: Planes

Australia – Chinese buyers double property investments, again
F&B – US Soda Consumption Falls to 30-Year Low
Oil – Once a mainstay, Algerian crude returns to US East Coast



MAJOR DATA POINTS

US – Mar: ConfBd Leading Indicators Point to Slow Growth; +0.2% from -0.1% / WSJ

US – Week: Jobless claims hit 42 year low; -6k to 247k / R / B / WSJ



MARKETS

ECONOMICS

POLITICS & FISCAL POLICY

MONETARY POLICY

SNB – Swiss Franc Can Strengthen Before Bank Would Cut Rates B *

SNB – For Swiss Central Bankers, Mum’s the Word WSJ *



FINANCE

Switzerland – Cash Is Still King B *



REAL ESTATE

Australia – Chinese buyers double property investments, again B *

Australia – China-led consortium in vast farmland deal FT / WSJ / FT *



LABOR & EDUCATION

HigherEd – 40% of Student Borrowers Aren’t Making Payments WSJ

HigherEd – Colleges Drill Down on Job-Listing Terms WSJ *



SERVICES

F&B – Coke finds more fizz in still drinks FT *

F&B – US Soda Consumption Falls to 30-Year Low B *



MANUFACTURING

Planes – Market: Alaska Air Deal Sets Up Face Off for Aircraft Makers WSJ

Planes – Market: Employees Buffeted Despite Booming Orders WSJ

Planes – Boeing: To Cut More Than 4,500 Jobs WSJ / R / WSJ

Planes – Airbus: Undelivered jets hurt cash flow R

Planes – Airbus: Banks on China air travel FT / AFP

Planes – China: A Tarnished Turboprop Clouds Aviation Dream WSJ *

Planes – China: Utility trumps luxury as private jet buyers fly economy R

Planes – Bombardier: Near Major Deal With Delta WSJ

Planes – Bombardier: Bailout would take CSeries off the books R / G&M



TECH

Tech – Mobile, Cloud Shift Slams Old Guard WSJ *

Tech – China’s ‘Bants’ set to rival America’s ‘Fangs’ FT *

Tech – Startup Investors Hit the Brakes WSJ *



TRADE & TRANSPORTATION

Ship – China Shipping Group, CMA-CGM Form Ocean Alliance WSJ *

Ship – China reveals plans to use Canada’s Northwest Passage G&M *



COMMODITIES

ENERGY & ENVIRONMENT

Oil – What Glut? Outages Put Supply, Demand Close to Balance WSJ

Oil – Once a mainstay, Algerian crude returns to US East Coast R

Oil – Saudi’s Other Warning Makes Traders Sweat B *

Oil – In riposte to Riyadh, Russia says ready to ramp up output R

Oil – Shocker: Bulging Inventory Beats Scary Headlines WSJ

Oil – What Is the ‘Magic Number’ for the Price of Crude? WSJ *



HEALTH

ENDNOTE

Name of legislature by country reddit *



Today’s Issue Cluster: US Insurance

Africa – $30b Rail Renaissance Holds Ticket for Trade
Pot – Legalization in New England Is Stalled by Opiate Crisis
PCs – Global Market Shrinking Further



MAJOR DATA POINTS

US – Mar: Existing Home Sales UpL +5.1% from -7.3% / WSJ / R / AP



MARKETS

Africa – Discovers the downside of foreign borrowing E *

Africa – For outsiders in particular, investing is strewn with hurdles E *



ECONOMICS

Africa – GDP growth sliding towards 17-year low FT *

Africa – Market of 1.2b people still holds huge promise E *

Africa – The middle class: A matter of definition E *

Africa – Trade suffers from dismal infrastructure E * *

Africa – Manufacturing: Not making it E *

Africa – $30b Rail Renaissance Holds Ticket for Trade B *

Africa – Food Costs Soar Amid Worst Drought in Decades B *

Africa – Farms are prospering E * * *



POLITICS & FISCAL POLICY

Africa – Big Men Are Reverting to Type B *



MONETARY POLICY

FINANCE

Africa – Much hangs on mobile money E *



REAL ESTATE

Africa – Cement industry is expanding fast B *



LABOR & EDUCATION

SERVICES

Pot – Big Tobacco’s Pot of Gold b *

Pot – Legalization in New England Is Stalled by Opiate Crisis NYT

Pot – In CA, Marijuana Is Smelling More Like Big Business NYT

Pot – Wall Street banks not willing to go long the bong FT

Pot – World split in fight over drugs FT



MANUFACTURING

TECH

PCs – Intel Cuts 12k Jobs B / WSJ / FT * *

PCs – Global Market Shrinking Further statista *

PCs – How Thin, Pricey Laptops Compute WSJ *



TRADE & TRANSPORTATION

COMMODITIES

ENERGY & ENVIRONMENT

HEALTH

Insurance – UnitedHealth quits most ACA exchanges NYT / FT / WSJ / WSJ *

Insurance – Companies warn ACA losses are unsustainable Hill

Insurance – The short and chaotic life of an ACA darling Crain’s

Insurance – ACA Enrollee Spending Is Increasing WSJ

Insurance – Sales of Short-Term Policies Surge WSJ

Insurance – Immigrants, the Poor and Minorities Gain Under ACA NYT *



ENDNOTE

Americans stand out on religiosity pew *



Today’s Issue Cluster: Alt Energy

EU – French bank chief ‘more worried about sector now than in 2009?
Google – Europe’s Ruling to Curb Company Gave It More Power
Steel – China, major producer countries fail to reach deal



MAJOR DATA POINTS

China – Q4: Slowest quarterly growth on record; +1.1% from +1.5% AFP

Germany – Apr: ZEW investor confidence increased; 11.2 from 4.3 / AFP

US – Feb: Housing Starts Fell; -8.8%, permits -7.7% / WSJ / R / B



MARKETS

EU – ECB’s expanded QE ignites corporate debt market FT *



ECONOMICS

Russia – Potential growth rate ‘close to zero’ FT * *



POLITICS & FISCAL POLICY

EU – Stockholm Pounces on Brexit Scenario With Alternative Hub B

EU – Spotify co-founders threaten to quit Sweden FT / WSJ



MONETARY POLICY

ECB – Blaming Draghi Unites Merkel’s Fractious Coalition B

ECB – Bundesbank’s Weidmann rebukes Draghi critics in Berlin FT



FINANCE

EU – French bank chief ‘more worried about sector now than in 2009’ R

Russia – Most Important Bank Needs a Bailout WSJ



REAL ESTATE

LABOR & EDUCATION

SERVICES

MANUFACTURING

TECH

Streaming – Netflix Adds More Users Than Expected WSJ *

Streaming – Netflix Plunges on Weak Subscriber Forecast B / FT / NYT / R *

Streaming – Netflix Fans Ignore Worrying Plot Twists WSJ *

Streaming – Amazon Ups the Ante NYT / WSJ / FT



TRADE & TRANSPORTATION

Google – EU prepares for Android crackdown FT / WSJ / WSJ *

Google – Europe’s Ruling to Curb Company Gave It More Power NYT

Aluminum – US union to push for steep tariffs on imports NYT

Steel – China, major producer countries fail to reach deal R



COMMODITIES

Steel – Chinese demand pushes iron ore close to $60 FT

Zinc – Treasury proposed suspension of the penny in 2015 WSJ

Lithium – Price on the rise ft * *



ENERGY & ENVIRONMENT

Alt – Record clean energy investment B * *

Alt – Solar: Incentives shrink as utilities pressure regulators WSJ *

Alt – Solar: Two big potential bankruptcies cast a shadow E *

Alt – Solar: SunEdison Prepares for Bankruptcy NYT

Alt – Solar: Installations set to drop in Japan B *

Alt – Wind: Buffett Company Makes Big Bet in Iowa WSJ

Alt – Wind: Transmission Project in Plains Earns US Approval NYT / B *

Alt – Wind: Tax credit cycle creates boom-and-bust response eia *

Alt – Wind: Bill threatens Polish industry FT *



HEALTH

ENDNOTE

US and China: Which is the larger trading partners in each country? / motw*



Today’s Issue Cluster: Brazil

US – Auto and Student Debt Continue Rising
Textiles – CA minimum wage hike hits apparel industry
Oil – What Doha Couldn’t Do for Market, Kuwait Does by Accident



MAJOR DATA POINTS

US – Apr: NAHB Housing Market Index Steady; 58 from 58 / AP



MARKETS

Brazil – Stocks Extend 23% Rally as `Time of Opportunity’ Seized B *

Brazil – Rousseff’s misfortune energises markets FT

Brazil – Petrobras’s Best-in-the-World Rally Comes With Risks B * *



ECONOMICS

Brazil – Boom-Era Missteps Now Haunt Economy wsj *

Brazil – Economic collapse / t *

Argentina – Launches bond comeback roadshow FT *

Argentina – Macri Prescribes Tough Economic Medicine WSJ *

Argentina – Reforms so far have been painful E *

Venezuela – Declares Every Friday a Holiday to Save Electricity B / R *

Cuba – Hard Realities Cloud Dreams of Businesses to Enter Country WSJ *

Puerto Rico – The other crisis: impoverished pensions R * *

Mexico – TPP will make nation a more formidable competitor to China N *

LatAm – Suffers From End of Commodities Boom WSJ *



POLITICS & FISCAL POLICY

Brazil – Rousseff Impeached NYT / WSJ / FT / B / R

Brazil – Once a Savior, Lula Is Tarnished WSJ *

LatAm – Hacker rigged elections for almost a decade BW / E



MONETARY POLICY

FINANCE

Brazil – Banks have shrugged off the country’s recession—for now E * *



REAL ESTATE

LABOR & EDUCATION

US – Auto and Student Debt Continue Rising FedStL *



SERVICES

MANUFACTURING

Textiles – CA minimum wage hike hits apparel industry LAT

Textiles – US Industry Turns to Tech as Gateway to Revival NYT *



TECH

TRADE & TRANSPORTATION

COMMODITIES

Bananas – Scramble to safeguard future FT *

Walnuts – Prices tumble despite strong demand ft *

Wine – South Africa faces poor harvest FT * *



ENERGY & ENVIRONMENT

Oil – No Agreement on Freeze WSJ / FT / NYT / B *

Oil – Doha producers pump 47 mbpd / B *

Oil – Opec has grounds to doubt the sincerity of its partners B *

Oil – How 315 Billion Petrodollars Evaporated B *

Oil – Moody’s Ratings Downgrades Become Another Thorn WSJ *

Oil – Lower US supply to underpin price despite talks failure AP

Oil – What Doha Couldn’t Do for Market, Kuwait Does by Accident B *

Oil – 1980s Redux B * *

Oil – Demand Could Create Another Super-Cycle by 2030 B *



HEALTH

ENDNOTE

Country flags: Red, white and blue most popular combo *