23 December 2014



Today’s Issue Cluster: MENA

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MAJOR DATA POINTS

US – Q3: Economy Posts Strongest Growth in More Than a Decade; +5.0% was +3.9% / WSJ / FT / R / B / AP / NYT *

US – Nov: New Home Sales Fall; -1.6%, -1.6% yr / WSJ / R / B / cr *

US – Nov: Durable Goods Orders Unexpectedly Fell; -0.7% from +0.3% / WSJ / R / AP / B

US – Nov: Consumer spending up; +0.6% from +0.3% / AP / B / WSJ / cr *

US – Dec: UMich Consumer Sentiment at Seven-Year High; 93.6 from 88.8 / B / WSJ / R


MARKETS



ECONOMICS

Iran – Oil Price Drop, Nuclear Deal Delay Unsettle Economy WSJ / WSJ *

Iran – Indian Essar’s planned oil-for-steel deal tests sanctions R *

Iran – Got Less, and More, Than Expected From Sanctions Relief B

Iran – The story of the world’s most elaborate sanctions regime E * *

Libya – Oil Production Drops as Fighting Spreads to Port B / FT * *

Egypt – Tourists return after 3-year break FT * *

Egypt – Investors eye energy opportunities as Cairo slashes subsidies FT * *

Turkey – Finance minister promises reforms to rebuild reputation FT * *

Iraq – Soaring public spending hits war financing FT * * *

Afghanistan – Minerals Await Vital Railroads BW *

Pakistan – Still having trouble keeping lights on N *

Tajikistan – Looks to China as Russian remittances dry up FT * *

Kazakhstan – Opens up to stave off economic crisis FT *


POLITICS & FISCAL POLICY

Iran – The revolution is over E / E * *

Turkey – Leader Cements Power NYT / WSJ / nyt / nyt *


MONETARY POLICY



FINANCE



REAL ESTATE

Dubai – Home Prices Rise, but More Slowly WSJ / q *

Persian Gulf – Hotel Industry Enjoys a Boom WSJ *


SERVICES



MANUFACTURING



TECH

Mobiles – Xiaomi: Valued at More Than $45b WSJ *

Mobiles – Xiaomi: Valuation Backed By More Than Buzz WSJ *

Mobiles – Xiaomi: Never mind the profits FT *

Mobiles – BlackBerry: Revenue Falls 34% WSJ / WSJ * *


TRADE & TRANSPORTATION

Ship – Rising anger as Nicaragua canal to break ground WSJ / AP / R / B / E / FT *

Ship – The world’s largest vessel / r *


COMMODITIES

Copper – Protesters Clash With Police in Central Myanmar WSJ

Copper – World’s Biggest Miner BHP Shifting Focus From Iron Ore B / WSJ *

Copper – Glencore forecasts deficit FT

Copper – Bears bet on surplus r *

Metals – Supply is key to commodities’ volatile year FT * *


ENERGY & ENVIRONMENT

Oil – Opec leader vows not to cut output even if price hits $20 FT

NatGas – Slides to Near a Two-Year Low WSJ *

NatGas – Glut Isn’t Deterring Southwestern Energy NYT

NatGas – Abundance of Supply and Debate NYT


LABOR & EDUCATION



HEALTH



ENDNOTE

NOAA map: Probability of a white Christmas wapo *


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