23 May 2016



Today’s Issue Cluster: Planes

EU – Greece: Braces for New Tax Wave
EU – Germany Strives to Avoid Housing Bubble
Ship – Container lines mired in crisis


MAJOR DATA POINTS

Japan – Apr: Exports suffer biggest drop in three months; -10.1% from -6.8% / R

Japan – May: Markit PMI shrinks most in over three years; 47.6 from 48.2 / R

Nigeria – Q1: Faces Recession Risk as GDP Shrinks; -0.36% from +2.11% / B


MARKETS

EU – Investors Check Out WSJ *


ECONOMICS



POLITICS & FISCAL POLICY

EU – Austria: Far-right ‘narrowly loses poll’ BBC / FT / WSJ / FT *

EU – Populist Politicians Tap Into Deep-Seated Frustration WSJ *

EU – Spain: Rajoy risks Brussels showdown with tax-cut vow FT / FT *

EU – Spain and Portugal: Win reprieve over breaking rules FT *

EU – Italy: Wins Brussels’ ‘flexibility’ FT *

EU – France: If economy is running again, Hollande will be, too E *

EU – Greece: Approves Austerity Vote WSJ / B *

EU – Greece: Investor momentum builds FT * *

EU – Greece: Braces for New Tax Wave B *

EU – Greece: What if there’s massive debt relief but no one admitted it? ft *


MONETARY POLICY



FINANCE

EU – Quest for ‘bail-ins’ poses risks to retail investors FT *


REAL ESTATE

EU – Germany Strives to Avoid Housing Bubble B *


LABOR & EDUCATION



SERVICES



MANUFACTURING

Planes – Boeing Shares Could Lose Altitude Bn *

Planes – Airbus and Boeing contend with headwinds FT *

Planes – 787’s new challenge: slow sales R *

Planes – Building a 757 replacement would be a risk for Boeing E *

Planes – Airlines Can’t Get Enough Hand-Me-Down Jets B *

Planes – How Airbus Stumbled in Pursuit of Shortcut to Single-Aisle Glory B

Planes – Airbus Profit Falls 50% as Deliveries Lag Behind WSJ *

Planes – Boeing Ramps Up Push Into the Airplane Parts Business WSJ *

Planes – Bombardier Faces Off With Airbus, Boeing WSJ *


TECH



TRADE & TRANSPORTATION

Ship – Container lines mired in crisis FT * * *

Ship – Port of Portland Loses Last Container Service WSJ

Ship – LA area Port Traffic Declined in April / cr *


COMMODITIES



ENERGY & ENVIRONMENT

NatGas – Gazprom left wounded by price plunge FT * *

NatGas – PNG Pioneer Sees $3b Savings on LNG Deal B *


HEALTH



ENDNOTE

Zone Rouge: WWI claiming victims 80 years after cease-fire bm *


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