24 November 2014



Today’s Issue Cluster: Carbon Policy

PBOC – Rate Cut Favors Big Fish
China – Property, manufacturing woes help trim shadow banking
China – Early signs of a floor under sinking property market


MAJOR DATA POINTS

Germany – Nov: Ifo Business Sentiment Rises Unexpectedly; 104.7 from 103.2 / WSJ / B *


MARKETS



ECONOMICS

China – Rate cut unlikely to halt slowdown, say analysts FT / FT

China – Property stocks soar, bank stocks slump / b *

China – Half of the provinces deserve junk ratings, S&P warns FT / WSJ * *


POLITICS & FISCAL POLICY



MONETARY POLICY

PBOC – Cuts Interest Rates WSJ / FT / NYT / R / B / AP / e / WSJ * *

PBOC – Rate Cut Favors Big Fish WSJ / WSJ / X *

ECB – Draghi Says Ready to Expand Stimulus WSJ / FT / NYT / WSJ *

World – Central Banks Move to Boost Global Growth WSJ *

World – What Big Economies Got Right, or Wrong, After Crisis WSJ *


FINANCE

China – Rate cut puts pressure on lenders FT / R / B

China – Financial System Shows Fresh Signs Of Stress WSJ / B / WSJ / b *

China – Property, manufacturing woes help trim shadow banking R

China – Loan ‘Guarantee Chains’ Prove Flimsy WSJ


REAL ESTATE

China – Early signs of a floor under sinking property market R *


SERVICES

Retail – US stores move Black Friday sales push online FT

Retail – Black Friday Is No Sure Indicator of Holiday Sales WSJ *


MANUFACTURING

3D Printing – Regulatory concerns hold back on safety FT * *

3D Printing – Surgeons embrace implants to save NHS time and cash FT *


TECH

Telecoms – US: Airwave Auction Bids Reach $34b WSJ / NYT *

Telecoms – EU: Merger Talk Reaches Fever Pitch WSJ *

Telecoms – EU: A Bet on Data, Investment in 4G Infrastructure WSJ *

Telecoms – EU: Juncker wants a single market FT * * * * *


TRADE & TRANSPORTATION

Rail – Utilities Press for Speedier Coal Deliveries WSJ / FT *

Rail – Canada to Limit Farmers’ Orders WSJ


COMMODITIES



ENERGY & ENVIRONMENT

Carbon – Hedge Funds Bet on Coal-Mining Failures WSJ

Carbon – Coal Rush in India Could Tip Balance on Climate Change NYT

Carbon – China to Place Limit on Coal Use in 2020 NYT / r *

Carbon – Car-Driving Dream Faces China’s Reality B *

Carbon – Should the US Take Unilateral Action? WSJ *

Carbon – Capture faces viability struggle FT

Carbon – World Bank warns of climate perils FT / B * *


LABOR & EDUCATION

China – Wages Policy Backfires as Costs Prompt Sock-City Blues B


HEALTH



ENDNOTE

What do New Yorkers complain about? am *


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