24 November 2015



Today’s Issue Cluster: China Economy

Crops – Swelling Global Grain Glut
Sands – Opec Targets US Shale, Hits Canada Instead
Gaming – ‘Fantasy sports business is cratering’


MAJOR DATA POINTS

Germany – Nov: Ifo business confidence unfazed by Paris attacks; 109 from 108.2 / AFP

Germany – Q3: Gross domestic product growth confirmed; +0.3% was +0.3% / AFP

US – Q3: Economic Growth Revised Up; +2.1% from +1.5% / WSJ / FT / R / AP / NYT / B *

US – Se: Case-Shiller Home Prices Gain Momentum; +4.9% from +4.6% / WSJ / R / B / cr *

US – Nov: ConfBd Consumer Confidence Fell to 90.4 from 99.1 / B


MARKETS

China – Journey from New Normal to Stock Market Crisis Epicenter B *

China – New great wall: Mainland vs. HK shares B *

China – Should End Yuan-Rate Distortion, Ex-PBOC Adviser Says B *

China – Takes a Smoother Path to Currency Devaluation WSJ *


ECONOMICS

China – Economy Shows Further Signs of Fragility WSJ

China – Masters of the Finance Universe Are Worried B *

China – ‘Has a $1.2t Ponzi Finance Problem’ B *

China – Consumers cannot save the day FT * *

China – Wealthy no longer putting on the Ritz FT * * * *

China – Economy Watchers Hunt for New Clues WSJ *

China – Companies fooled by growth predictions, says think-tank FT *

China – Japanese Deflation Threat Hangs Over China WSJ *

China – A Hard Landing Could ‘Shake the World’ B * * *


POLITICS & FISCAL POLICY

China – Beijing’s economic competence questioned FT

China – ‘One Belt One Road’ plan greeted with caution FT *

Taiwan – Officials puncture China detente FT * *

Taiwan – Straitened circumstances E *

Taiwan – Xi and Ma stuck in the same trap n *


MONETARY POLICY

PBOC – Picks New Target, but Old Problems Remain WSJ *


FINANCE



REAL ESTATE

China – Oversupply Will Weigh On Housing Market r * *


LABOR & EDUCATION

China – At Least Job Market’s Not Falling Apart B *

China – As Workforce Dwindles, a Scramble for Alternatives WSJ / WSJ *


SERVICES

Gaming – Macau warns losing streak to continue FT

Gaming – US casinos bet the house FT *

Gaming – ‘Fantasy sports business is cratering’ q *


MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES

Crops – Wheat Hurt by Full French Silos WSJ *

Crops – Swelling Global Grain Glut B *

Crops – Argentina Set to Unleash $8b of Stored Grain B / FT *

Crops – Growing peanut pile R *


ENERGY & ENVIRONMENT

Sands – Opec Targets US Shale, Hits Canada Instead B *

Sands – Alberta to Limit Emissions in Climate Policy Revamp FT / B

Sands – Alberta plan could cost hundreds of millions: CAPP FP / G&M / CBC

Sands – Industry makes environment a bigger priority FP

Sands – Paris climate talks could be a boost CBC


HEALTH

Pharma – Politicians slam tax-avoiding deal R / FT / WSJ / NYT / e *

Pharma – Pfizer looks to bulk up in era of slimming down FT * *


ENDNOTE

China builds ‘Pentagon’ shopping centre in Shanghai DT / bi *


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