22 December 2014



Today’s Issue Cluster: Oil

Stocks – China Worth Double Other BRICs Combined B *
China – Planning to Purge Foreign Technology
Nickel – Shortage Propels Philippines Mining Boom


MAJOR DATA POINTS

US – Nov: Existing-Home Sales Tumble; -6.1%, +2.1% yr / WSJ / B / R


MARKETS

Stocks – China Worth Double Other BRICs Combined B *

Stocks – Shanghai Market Rally Is Coming Under Strain WSJ *

Currencies – Yuan: Slide Gathers Steam WSJ

Currencies – Yuan: China Warms to More Flexibility WSJ *

Currencies – Yuan: PBOC, Traders Tussle WSJ / FT *


ECONOMICS

China – Revises Its GDP Calculations WSJ *

China – Faces Headwinds As It Tries to Prop Up Growth WSJ *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

China – Flurry of bank deals hints at renewed confidence FT

China – Angst over online lenders may be over the top FT

China – Planning to Purge Foreign Technology B


REAL ESTATE

China – A silver lining to the housing cloud E *


SERVICES

Delivery – Crunch Time for FedEx and UPS NYT / B / WSJ

Delivery – Ecommerce groups rush to deliver the goods FT *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

Road – Cities Target Elevated Levels of Pedestrian Deaths WSJ *

Road – Safety Gear Helps Reduce US Traffic Deaths WSJ *

Road – Boomer Deaths in Motorcycle Crashes Rise WSJ *


COMMODITIES

Nickel – Shortage Propels Philippines Mining Boom B

Nickel – Gains after Indonesia reaffirms ore export ban FT *

Nickel – Bucks Weakness in Raw Materials WSJ * *


ENERGY & ENVIRONMENT

Oil – Gulf Exporters Blame Non-OPEC Producers for Glut WSJ / FT / R / B

Oil – Opec takes a big bet by holding output FT *

Oil – Saudi Arabia prepared to raise output FT / WSJ * *

Oil – Saudi: No conspiracy behind oil prices AP / NP / bi

Oil – Midtier Explorers Suffer With Price Drop WSJ *

Oil – Surplus opens storage profit opportunity FT *

Oil – Propane, Other Fuel Prices Feel the Burn WSJ

Oil – Shale byproduct prices track plunge FT

Oil – Railcar Bottleneck Looms WSJ

Oil – Investors in beat-up bonds lean on banks for rescue R *

Oil – North Sea: Sinking Price Is Hard on Producers NYT *

Oil – Mexico: Shock to tilt energy opening in private sector’s favor R / WSJ *

Oil – Venezuela: Shakes Debt to Its Foundations WSJ *

Oil – Colombia: puts on a brave face as price plunges FT * *

Oil – South Sudan: Under economic attack from fall in price FT *


LABOR & EDUCATION

China – Economy Searches for Jobs WSJ *


HEALTH



ENDNOTE

The days of the year when Americans are most drunk wapo *


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