25 July 2014



Today’s Issue Cluster: Ukraine

Air – Profits Tell of a Turnaround by Major Airlines
Crops – Midwestern farmers fighting explosion of ‘superweeds’
Coal – China’s Plan to Limit Use Could Spur Consumption for Years


MAJOR DATA POINTS

Japan – Jun: Slower Inflation Highlights BOJ Reflation Task; 3.3% from 3.4% / B / WSJ / R *

Russia – Q2: Avoids Slipping Into Recession; +0.1% / WSJ

Germany – Jul: Ifo business confidence drops for 3rd month; 108.0 from 109.7 / B / AP *

UK – Q2: Economy grows to surpass pre-crisis peak; +0.8%, +3.1% yr / AP / B / FT / WSJ *

US – Jun: Durable goods orders rebound; +0.7% from -1.0% / R / WSJ / B *


MARKETS

Bonds – Investors Retreat From Junk WSJ / FT * *

Bonds – Wall Street Takes a Shine to Argentina WSJ / NYT *


ECONOMICS

US – Obama presses to close corporate tax loophole ‘inversions’ R / NYT / WSJ / FT

US – Warned of up to 25 groups eyeing foreign switch to cut tax FT / WSJ / NYT *

US – Tax Inversions Turn Into Campaign Fodder WSJ *


POLITICS & FISCAL POLICY

Ukraine – Russian Central Bank Raises Key Interest Rate WSJ / AP / B

Ukraine – EU Narrows Divide Over Russian Sanctions WSJ / B / R / FT / WSJ

Ukraine – Russian ties, trade lie behind EU sanctions rift R / NYT *

Ukraine – Russian execs fear lasting damage from plane crash AP / AP / WSJ

Ukraine – German lawmakers raise doubts about Russia hosting soccer World Cup R *

Ukraine – Russia and Kiev at odds over gas deal FT * * *


MONETARY POLICY



FINANCE

US – Wall Street trades home mortgages for corporate credit FT * *


REAL ESTATE

US – New-Home Slowdown Pressures Recovery WSJ *

US – It’s unusually tough right now to find a newly built home wapo *

US – The Foreclosure Fade wsj * * * * *

US – Is It Really That Hard to Get A Mortgage? wsj *

US – AIA: Architecture Billings Index increased in June cr *


SERVICES

Cigs – Tobacco smoking in the US wapo *

Cigs – Why Social Epidemics Spread Faster in Some Countries Than Others MIT *

E-Cigs – Officials Focus on Ads Aimed at Youths NYT

E-Cigs – Which countries have banned electronic cigarettes vox *

E-Cigs – What Do We Really Know About the Safety? 538 *


MANUFACTURING

Planes – Attacks Spur Debate on Antimissile Systems for Passenger Jets WSJ *


TECH

Qualcomm – China a step closer to sanctions FT / WSJ / R *

Amazon – Losses widen, shares drop R / WSJ / FT / NYT / B / q * * *


TRADE & TRANSPORTATION

Air – Fatalities Worst Since 2010 WSJ / FT / AP / WSJ / q * *

Air – Profits Tell of a Turnaround by Major Airlines NYT

Air – New Startup Airlines Crowd the Skies WSJ


COMMODITIES

Crops – Corn: Farmers Face a Cash Crunch WSJ * *

Crops – Midwestern farmers fighting explosion of ‘superweeds’ R

Crops – Soil degradation r *


ENERGY & ENVIRONMENT

Coal – China’s Plan to Limit Use Could Spur Consumption for Years NYT

Coal – China’s Energy Plans Will Worsen Climate Change, Greenpeace Says NYT

Coal – Japan to Step Up Support for Overseas Use WSJ


LABOR & EDUCATION

EU – Spain: Labor market turns the corner FT / AFP / AP / q * *

EU – Spain: Has implemented more reforms towards flexibility / b *

EU – Spain: Still no relation between reforms & performance / b *

EU – Spain: Still waiting to feel recovery in their pockets FT *


HEALTH



ENDNOTE

What’s across the ocean from beaches in the Americas wapo *


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