23 May 2014



Today’s Issue Cluster: Asia

Gaming – Taxing times for pachinko as Japan considers casino gamble
TVs – Manufacturers turning away from OLED
Rail – TransCanada will look to rail if Keystone blocked, president says


MAJOR DATA POINTS

Germany – May: Ifo business confidence slips back; 110.4 from 111.2 / AP / WSJ / B / m *

US – Apr: New home sales rebound, inventories at 3-1/2 year high; +6.4%, -4.2% yr / R / WSJ / B / cr *


MARKETS

Asia – India: ‘Modi Mania’ propels stock market into world’s top 10 FT *

Asia – Vietnam: Surging Stock Market Shows Its Soft Spot WSJ *

Asia – Malaysia: Investors Wary WSJ *


ECONOMICS

Asia – Addicted to debt FT * *

Asia – How China Is Eclipsing Japan wsj *

Asia – Factory Floor Surveys Augur Ill for Exports wsj *

Asia – Consumer goods makers rush for Mekong gold N *

Asia – Indonesia: To face opportunity, risk as population grows by a third R

Asia – Philippines: Two-year construction boom shows signs of slowing FT *

Asia – Sri Lanka: Needs China’s soft power for firmer growth N *


POLITICS & FISCAL POLICY

Asia – Thailand: Sanctions in prospect as generals take power FT / WSJ / WSJ *

Asia – Thailand: Unrest spurs Honda unit to cut output and delay new plant R

Asia – Thailand: Coup crisis could cost medical tourism crown R / AP

Asia – Thailand: Most Investors Shrug Off Coup WSJ *

Asia – Vietnam: Riots land another blow on the global supply chain FT *

Asia – China: Growing territorial tensions explained / b *

Asia – Indonesia: Islamic Political Parties Made A Comeback in Election WSJ *


MONETARY POLICY

TCMB – Unexpectedly Cuts Benchmark Rate B / WSJ / FT * *


FINANCE

Asia – Wealth Explosion Draws Private-Banker Swarm WSJ *

Asia – China: Banks line up extra capital cushion FT

Asia – Japan: 3 megabanks see record net profits on increased overseas earnings N *


REAL ESTATE



SERVICES

Gaming – Taxing times for pachinko as Japan considers casino gamble R / WSJ *

Gaming – Malaysia’s Genting to take $4b gamble on Vegas FT

Gaming – US casino billionaires place bets in Japan’s tale of two cities R

Gaming – Online Gambling Suffers Setback WSJ

Gaming – Report finds 4 out of 5 sporting bets are placed illegally FT / e *


MANUFACTURING



TECH

TVs – Manufacturers turning away from OLED N *


TRADE & TRANSPORTATION

Rail – TransCanada will look to rail if Keystone blocked, president says G&M / R / FP

Rail – Secrecy of Oil-by-Train Shipments Causes Concern WSJ *


COMMODITIES

Crops – Planting Corn at Warp Speed Using High-Tech Tools WSJ *

Crops – Oregon counties ban genetically modified seeds AP

Crops – Rubber fit to burst as supply glut grows FT *

Crops – Olive Oil Prices Are on the Rise WSJ *


ENERGY & ENVIRONMENT

Coal – Investors Bet on Indonesia, Despite Price WSJ *

Coal – Australia approves A$16b mine despite Barrier Reef fears FT

Coal – Missing Boom as US Climate Foes Clean Asia’s Backyard B

Coal – Cleaner air could mean higher electric bills AP


LABOR & EDUCATION

US – Skilled Foreign Workers a Boon to Pay, Study Finds WSJ *


HEALTH

MERS – Saudi Arabia takes heat for spread of virus R *


ENDNOTE

Basic license plate sizes worldwide motw *


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