21 February 2014



Today’s Issue Cluster: Natural Gas

Ukraine – Russia is prepared to fight a war over Crimea
Rail – BNSF to move into tank car ownership with safer oil fleet
Water – El Nino threatens to return, hit global food production


DATA POINTS

UK – Dec: Retail Sales Decline Most Since April 2012 on Clothing; -1.5% from +2.5% / B

Spain – Dec: Exports Mark Record Year; +2.9% / B

Sweden – Feb: Sentiment Drops; 103.8 from 107.7 / WSJ

Mexico – Q4: Growth misses forecasts; +0.2% / FT / r *

Canada – Jan: Inflation Accelerates Most Since 2012 on Heating Costs; 1.5% from 1.2% / WSJ / B / R / G&M / CBC

Canada – Dec: Retail sales plunge most in a year; -1.8% from +0.5% / R / CBC / B *

US – Jan: NAR existing home sales slump to 18-month low; -5.1% / WSJ / R / AP *


MARKETS

Bitcoin – Aficionados wash their hands of Mt Gox FT *

Bitcoin – A look at its economy r *


ECONOMICS

UK – Prolonged low inflation forecast as Carney’s luck continues FT *

UK – Recovery Still Lacks Balance WSJ * *

UK – Growth belies slip in productivity FT *


POLITICS & FISCAL POLICY

Ukraine – Yanukovich accepts calls for election FT / NYT / WSJ / AP / B / R * *

Ukraine – Russia is prepared to fight a war over Crimea FT

US – Obama Budget Plans Reflects Partisan Lines WSJ / AP / FT / BNYT / R / B /

US – Republican to unveil plan for sweeping overhaul of tax FT

US – Sales Tax rates by zip code, 2012 / motw *


MONETARY POLICY

RBA – Central bank walks a currency tightrope FT / B / FT *


FINANCE

Australia – Big four are still straight-A students in market’s eyes FT *


REAL ESTATE

US – Mortgage Troubles Near Prerecession Levels WSJ *

US – Banks under pressure to step up new mortgage business FT *

US – Housing Inflation Starts to Rise wsj *

US – Salary Needed To Buy A House In 25 Major Cities / bi *


SERVICES

F&B – Diamonds and deals as Danone struggles for China bounce R / WSJ / FT / FT * *

F&B – Palm planters, politicians test Wilmar’s new green credentials R / B *


MANUFACTURING



TECH

WhatsApp – ‘Sticker shock’ purchase offers Facebook mobile leverage FT / WSJ / R / AP / nyt / FT / WSJ / FT / WSJ / FT / q / q * * * * *


TRADE & TRANSPORTATION

Rail – BNSF to move into tank car ownership with safer oil fleet R / WSJ

Ship – Panama Canal Work Set to Resume This Week WSJ / NYT / R / AP / B


COMMODITIES

Water – The drying of the West E / am * *

Water – El Nino threatens to return, hit global food production R *


ENERGY & ENVIRONMENT

NatGas – Massachusetts Approves a Power Plant With an Expiration Date NYT

NatGas – Cheap US coal has made gas-fired electricity uneconomic in the UK FT * * *

NatGas – Oregon LNG facilities could be key to exporting Canadian gas to Asia FP

NatGas – Arctic Winds Put Fire Under Gas WSJ / G&M / r * *

NatGas – China and Russia at the Altar WSJ *


LABOR & EDUCATION

EU – Spain: Exodus from the country threatens its recovery FT * * *

EU – Germany: Woos older workers as supply of young employees dries up FT *

EU – High unemployment putting the ECB in isolation r *


HEALTH

H1N1 – Flu season hitting working-age adults hardest AP

H7N9 – Pandemic Potential Seen in Gene Changes of Bird Flu B / X

H10N8 – China Reports Another Case of New Bird Flu Strain NYT


ENDNOTES

Which US Cities Get the Best Weather motw / kn *


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