24 July 2015



Today’s Issue Cluster: Africa

Tourism – Becoming immune to terrorist attacks?
Sands – Utah set to be home of first US mine project FP
H5N2 – Bird flu vaccine works on chickens; testing on turkeys


MAJOR DATA POINTS

China – Jul: Markit Factory Activity Slows to 15-month low; 48.2 from 49.4 / WSJ / AP *

EZ – Jul: Markit’s Composite Flash PMI Fell; 53.7 from 54.2 / R / t *

US – Jul: Markit factory activity inches up; 53.8 from 53.6 / R

US – Jun: New home sales fall to seven-month low; -6.8%, +18.1% yr / R / B / WSJ / cr *


MARKETS

Bonds – Markets out of kilter with rate reality FT * *

Bonds – Why Investors Shy Away From China’s $6.4t Market WSJ *

Bonds – Russia joins inflation-linked club FT *

Bonds – Europe’s High-Yield Market Begins Recovery WSJ *

Bonds – No sign yet of Greece’s finishing line FT *

Bonds – Companies rush to sell debt before August break FT * *

Bonds – ‘Jumbo’ deals help address liquidity concerns FT * *


ECONOMICS

Africa – Where Obama treads US business plans to follow FT *

Africa – ‘Obama has not paid the continent enough attention’ E *

Africa – China’s Road Lifts Investment, Adds Debt Risk b *

Nigeria – ‘Has a rare chance to turn itself round’ E

Nigeria – Violence, mainly in the north, has exacerbated problems E *

Nigeria – Diaspora a source of money, markets, skills and ideas E *

Nigeria – Population has been systematically exaggerated E *

Nigeria – Economy is beginning to diversify E *

Ghana – Counts cost of public pay overruns and export rout FT * *

Ghana – Power shortages cut growth prospects FT / FT *

South Africa – In the grip of stagflation FT *

South Africa – Stocks Soar as Economy Stumbles WSJ *

South Africa – Equity market power scrutinised FT *

South Africa – Tourism ‘crisis’ after visa rules changed FT * *

Ivory Coast – Buzzing Abidjan puts on road to revival FT *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

Africa – Makes Leap in Cross-Border Mobile Payments WSJ *


REAL ESTATE



LABOR & EDUCATION



SERVICES

Tourism – Becoming immune to terrorist attacks? q *

Tourism – Young Chinese hands drive surge in overseas travel CD *

Tourism – Japan receives more tourists than it sends abroad FT *


MANUFACTURING

Drones – ‘Isis plotting to bomb crowds at major British events’ Express

Drones – Next Step: Defending Against Them WSJ *


TECH

Silicon Valley – ‘Boom will not end in a repeat of the dotcom crash’ E * *

Silicon Valley – European tech in the shadow FT * * * *


TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT

Sands – Utah set to be home of first US mine project FP

Sands – Falling Crude Prices Upend Canada’s Projects WSJ *

Sands – Pushed to the sidelines in new Canada energy strategy FP

Sands – How a Chinese Company Slipped in Canada WSJ *


HEALTH

H5N2 – USDA secretary not ready to declare bird flu outbreak over AP / AP

H5N2 – First Iowa farms hit by bird flu nearing restocking time AP

H5N2 – Bird flu vaccine works on chickens; testing on turkeys AP


ENDNOTE

Silicon Valley Nudging Northward Over Time e *


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