26 August 2015



Today’s Issue Cluster: Shale

China – Drop in Yuan Caught Businesses Off Guard
China – Questions over Li’s future amid market turmoil
China – ‘Weirdly stable unemployment rate’


MAJOR DATA POINTS



MARKETS

China – Traders Increase Bets Against Yuan WSJ *

China – Drop in Yuan Caught Businesses Off Guard WSJ / b * *

China – Market slide is vindication for growling bears FT *

China – Challenges spark fears, but not panic FT *


ECONOMICS

China – The World Struggles to Adjust to ‘New Normal’ WSJ *

China – Economy a Black Box WSJ *


POLITICS & FISCAL POLICY

China – Questions over Li’s future amid market turmoil FT


MONETARY POLICY

PBOC – China Eases but Stench of Crisis Remains WSJ *

PBOC – Bank Under Pressure to Do More B / WSJ / WSJ


FINANCE

World – Titans retreat FT *


REAL ESTATE



LABOR & EDUCATION

China – ‘Weirdly stable unemployment rate’ ft / ft

China – Trying to count the jobless e *


SERVICES

China – Consumers appear unfazed by market rout FT

China – Fears about spending have driven luxury stocks down FT *

Asia – Consumer Spending Won’t Come to Rescue WSJ *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

World – This year is worst for trade since crisis FT


COMMODITIES

China – Remains a Key Commodities Player, Despite Waning Appetites WSJ *

China – Glut of Steel Looms Large WSJ *


ENERGY & ENVIRONMENT

Shale – Firms turn to private equity R *

Shale – Firms slide deep into the red on low prices r *

Shale – The impact low prices are having on output / b *

Shale – ‘Frack now, pay later,’ top services companies say R

Shale – Oil at $30 No Problem for Some Cost-Cutting Bakken Drillers B

Shale – Low Prices Pose Threat to Texas Fracking Bonanza NYT

Shale – ‘Producers lack the majors’ ability to remain afloat in glut’ BW *

Shale – Frackers turn to toilet water in drought-prone TX R

Shale – ‘Sewage flow becomes Williston’s bust indicator’ R *

Shale – UK Offers New Onshore Blocks for Shale Development WSJ

Shale – Total drops well in Denmark AP

Sands – Canadian Producers Struggle WSJ / FT / WSJ

Sands – 1st US mine set to open for business in UT AP


HEALTH



ENDNOTE

The new religious breakdown in China bi *


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