24 February 2016



Today’s Issue Cluster: Oil

Silicon Valley – ‘The Apple-FBI Fight Isn’t About Privacy vs. Security’
Pipeline – As US shale sinks, woes sent downstream
El Niño – Sugar Surges Most in 22 Years


MAJOR DATA POINTS

US – Jan: New Home Sales Fall Sharply; -9.2% / R

US – Feb: Markit Flash PMI lowest since Oct’13; 50.1 from 53.2 / markit


MARKETS

EMs – Bonds hit as foreign investors dump debt FT *


ECONOMICS

Asia – Slowing Trade Flows Jolt Exporting Nations WSJ *


POLITICS & FISCAL POLICY



MONETARY POLICY

World – In looking-glass world, almost nothing is taboo WSJ *


FINANCE



REAL ESTATE

EMs – Falling house prices add to woes FT *


LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH

Silicon Valley – ‘The Apple-FBI Fight Isn’t About Privacy vs. Security’ wired

Silicon Valley – The Hangover Begins WSJ *

Silicon Valley – European Tech Scene Begins to Feel Woes NYT


TRADE & TRANSPORTATION

Pipeline – As US shale sinks, woes sent downstream R

Pipeline – Long road ahead for Central Asian gas project N *


COMMODITIES

Sugar – Market braced for EU exports FT *

El Niño – Sugar Surges Most in 22 Years B *

El Niño – South African corn withers amid worst drought on record FT *


ENERGY & ENVIRONMENT

Oil – Saudi: Production Won’t Be Cut WSJ / FT / R / NYT / AP

Oil – IEA sees US production at record high by 2021 R / B / AP / FT / WSJ *

Oil – Rise in US shale output set to fill cutback by Opec FT / FT *

Oil – Trickle of US Exports Already Shifting Global Power B *

Oil – Saudi Arabia tries to make nice with shale oil CNN

Oil – Stressed-Out Industry Faces Existential Crisis B / B *

Oil – Investors in products that track crude even worse off WSJ *

Oil – Year’s Biggest IPO Is a Blank Check for the Patch WSJ *

Oil – Iran Backs Freeze Without Pledging Supply Curbs B *

Oil – Iraq Follows Iran by Avoiding Commitment to Freeze WSJ *

Oil – Needs $30b in foreign investment WSJ / N *

Oil – One Place Where OPEC Can’t Broker a Deal: TX B *

Oil – Industry bet big on Jeb and lost / R *

Oil – Saudi, Russia have nothing on US / B *

Oil – Price-Moving China Trades Fan Concerns WSJ *

Oil – Superior electric cars could wreck markets within a decade B


HEALTH



ENDNOTE

Outdoor Segments of NY Subway Have Best Reception bm *


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