25 May 2016



Today’s Issue Cluster: Shale

South Africa – Junk Rating a Matter of Time
Chemicals – Big mergers may give only temporary relief
Air – Carbon-offset deal would cost $6b in 2025: IATA


MAJOR DATA POINTS

Singapore – Q1: Temporary Boost From Manufacturing; +0.2% was flat / B

US – May: Markit flash Composite PMI falls; 50.8 from 52.4 / m

US – May: Markit flash Services PMI falls; 51.2 from 52.8 / m


MARKETS

Africa – Tale of Two Currencies WSJ *


ECONOMICS

Africa – IMF cuts growth forecast to 3% in 2016 FT *

Africa – Weakening Growth Calls for Policy Reset imf *

Africa – Optimism evaporates with collapse in commodity prices FT *

Africa – Farmers Get No Breaks at Gas Pump WSJ *

South Africa – SARB sees risk of credit-rating cut to junk B *

South Africa – Junk Rating a Matter of Time B *

South Africa – Zuma frustrates Gordhan’s bid to rescue economy S *

South Africa – Mining output falls the most on record / *

Nigeria – Import curbs drain life from bustling Lagos ports FT *

Nigeria – Strategists are criticizing latest plan to rescue its currency B *

Kenya – Bucks Africa’s economic trend FT *


POLITICS & FISCAL POLICY

Burundi – Sliding towards anarchy E * *


MONETARY POLICY



FINANCE



REAL ESTATE



LABOR & EDUCATION



SERVICES



MANUFACTURING

Chemicals – Monsanto Open to Talks FT / WSJ / B

Chemicals – Bayer’s $62b Monsanto Bid Raises Concern Over Final Price B *

Chemicals – How predator Monsanto became the pursued FT * *

Chemicals – House Passes Sweeping Safety Bill WSJ

Chemicals – Big mergers may give only temporary relief E *


TECH



TRADE & TRANSPORTATION

Air – Carbon-offset deal would cost $6b in 2025: IATA R

Air – Terror, Crashes Weakens European Travel WSJ *


COMMODITIES

Protein – Are Eggless Mayo and Plant-Based ‘Oysters’ Worth $1b? B *

Protein – Cheap Beef Is Here for Summer B *


ENERGY & ENVIRONMENT

Shale – Stocks Outrun Fundamentals B *

Shale – Key to Survival: Efficiency WSJ / WSJ

Shale – For ND a humbling comedown R * *

Shale – When OK boom went bust R *

Shale – Fracking wells drilled in PA, WV and OH / PSU *

Shale – Fracking in Yorkshire wins approval FT / WSJ / FT / FT


HEALTH



ENDNOTE

Country flags: A star is the most common symbol *


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