22 January 2014



Today’s Issue Cluster: Oil Transport

Canada – Fitch changes tune on ‘over-heated’ housing market
Planes – Bombardier Inc plane orders tumble
Internet – Will ‘Fat Five’ tech stocks come back down to earth?


DATA POINTS

UK – Nov: Jobless drop puts spotlight on central bank; 7.1% from 7.4% / B / AP

EZ – Q3: Government Debt vs GDP Falls for First Time Since Crisis; 92.7% from 93.4% / WSJ

Ghana – Q3: GDP growth falls; +0.3% from +6.1% / R

Australia – Q4: Surprise inflation spike closes door on interest rate cut; +0.8%, +2.7% yr / SMH / ABC / Aus / B / WSJ

US – Dec: AIA Billings Index declines; 48.5 from 49.8 / cr *

World – 2014: IMF Raises Growth Outlook; +3.7% was +3.6% / WSJ *


MARKETS

Currencies – Lira: Turks Seek Gold, Dollars WSJ / FT / WSJ / FT * *

Currencies – Won: Worries appear overblown for Korea’s manufacturers FT

Currencies – Peso: Argentina Caps Wild Week With Big Slide in Black Market WSJ

Currencies – Peso: Chile comes under pressure FT *

Currencies – Loonie: Tumbles to near four-year low FT *


ECONOMICS

Deflation – World: ‘Ogre’ is latest monster to scare global economy FT / R / WSJ * *

Inflation – US: Where art thou? ft * *


POLITICS & FISCAL POLICY

Thailand – Declares State of Emergency for Bangkok WSJ / FT / R / NYT * *

Thailand – Unexpectedly Holds Rate After Emergency Declared B / WSJ *


MONETARY POLICY

MNB – Hungary Slashes Rates to Record Low WSJ


FINANCE

US – Banks Sit Out Riskier Deals WSJ *

US – Rural lender highlights difficulties of community banks FT *

US – Profits Show Biggest Banks are Back From the Brink WSJ *


REAL ESTATE

Canada – Fitch changes tune on ‘over-heated’ housing market FP / G&M / G&M

Australia – Fitch says homes expensive but crash unlikely ABC / Aus / SMH / WSJ


SERVICES



MANUFACTURING

Planes – Bombardier Inc plane orders tumble in ‘challenging year for aviation’ R / G&M / FP / CBC / G&M

Planes – Bombardier cutting 1,700 employees from its aerospace division WSJ / R / CP


TECH

Internet – Amazon Considering Online Pay-TV Service WSJ

Internet – Will ‘Fat Five’ tech stocks come back down to earth? N

Internet – Facebook May Lose 80% of Its User Base by 2017: Study vocativ *


TRADE & TRANSPORTATION

Pipeline – Keystone southern leg to begin transporting oil WaPo *

Pipeline – The odds are increasing for Keystone XL approval FP / AP / CP / R

Rail – Safety fears prompt call for US oil transport regulation FT / WSJ

Rail – ND Senators Want Stiffer Safety Rules NYT / R

Rail – Cities Grapple With Oil-Train Safety WSJ *

Rail – Canada Plans Tougher Tank-Car Standards WSJ

Rail – Oil transport gathers steam as new capacity comes on line FP *


COMMODITIES

Gold – Analysts most bearish since 2002 FT

Aluminum – Alcoa surges on hopes for global sector FT

Iron – Prices Tumble as Chinese Buyers Beat a Retreat WSJ / FT / Aus * *

Copper – China Lights the Way WSJ *


ENERGY & ENVIRONMENT



LABOR & EDUCATION

World – Jobs growth in poor countries by income group e *


HEALTH



ENDNOTES

All 9 Best Picture nominees were filmed in jurisdictions with movie production incentives cd *


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