25 February 2014



Today’s Issue Cluster: China



DATA POINTS

EU – 2014: Revises growth forecasts up slightly; +1.2% was +1.1% / AP / WSJ / FT / B / R

Germany – Q4: GDP growth driven by exports; +0.4% was +0.4% / B / AP / R / r *

South Africa – Q4: GDP quickens but overall expansion still lacklustre; +3.8% from +0.7% / R / B

US – Feb: ConfBd Consumer Confidence Drops; 78.1 from 79.4 / WSJ / R / B / r * *

US – Dec: S&P/Case-Shiller home prices gained; +0.8%, +13.4% yr / R / AP / B *


MARKETS

Currencies – Investors shaken as renminbi’s reputation as ‘one-way bet’ sours FT / WSJ / WSJ *

Currencies – Yuan’s Decline Hit South Korean Won Hard WSJ *

Currencies – Frontier market havens come under threat as frailties appear FT *

Currencies – Ruble Cracks Seen Before Ukraine’s Deadly Descent B

Currencies – Turkey, Ukraine Come Under Pressure WSJ

Currencies – Zloty’s Gains in Ukraine Crisis Show Polish Strength B

Currencies – Bitcoin exchange Mt. Gox disappears WSJ / FT / R / AP / WSJ / q *


ECONOMICS

China – State-Owned Sector Gets a New Boost WSJ *

China – Bridging the fiscal chasm E *

China – ‘Silencing zombie steel mills no solution for smog’ R *

China – Spending big on science q * *


POLITICS & FISCAL POLICY

China – Training for ‘short, sharp war’, says senior US naval officer FT / wsj / R *

China – Survey finds US as the “ideal country” ft * *


MONETARY POLICY

ECB – Inflation rise eases pressure to counter deflation threat FT


FINANCE

Non-banks – Lending steps out of the shadows FT

Non-banks – Chinese banks Rush to Match Tech Firms in Race for Online Deposits WSJ

Non-banks – Step up EU funding deals FT *


REAL ESTATE

China – Bank Suspends Some Property Loans WSJ / CD

China – Developers Cut Prices, Raising Concerns About Sector’s Health WSJ

China – Shenzhen property heads for dizzy heights FT *

China – Is red-hot housing market finally beginning to cool down? WSJ / r * * *


SERVICES

Retail – Online sales complement high street, says study FT

Retail – Wal-Mart’s China syndrome a symptom of international woes R

Retail – Chinese tourists to drive luxury market X / CD *


MANUFACTURING

Defense – Pentagon wants to shrink the US Army WSJ / FT / R * *

Defense – BAE issues profit warning FT *


TECH

PCs – Microsoft Said to Cut Windows Price 70% to Counter Rivals B / R *


TRADE & TRANSPORTATION

TTIP – US farmers attack Europe on trade talks impasse FT

TPP – US companies attack Japan and Canada over tariffs FT / R / wapo *

TPP – Talks stall on US-Japan stand-off FT / B

India/US – New Delhi to block trade probes, ready for fight at WTO R


COMMODITIES

Steel – Detroit’s Aluminum Diet NYT / WSJ / FT *

Steel – ArcelorMittal confidence grows FT / WSJ *

Steel – Storm clouds gather for seaborne iron ore FT / X


ENERGY & ENVIRONMENT

Air – Justices Divided on EPA Greenhouse-Gas Case WSJ / NYT / B / AP / R / WaPo / wsj


LABOR & EDUCATION

China – Cramped courtroom hints at power of labor movement FT


HEALTH



ENDNOTES

Some countries excel at summer sports while slipping up on snow e*


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