26 January 2016



Today’s Issue Cluster: Shale

Brazil – Heads for Worst Recession Since 1901, Economists Forecast
Ship – Renting a Ferrari Costs More
Zika – WHO issues warning over ‘explosive spread’


MAJOR DATA POINTS

SK – 2015: Export growth slows to trickle as China demand wanes; +0.4% / FT

US – Nov: Case-Shiller Home Price Growth Picks Up; +5.3% from +5.1% / WSJ / AP

US – Jan: ConfBd Consumer Confidence Increased; 98.1 from 96.3 / WSJ / B *


MARKETS

Brazil – Junk Bonds in Europe Find Greatest Losses B * *


ECONOMICS

Brazil – Heads for Worst Recession Since 1901, Economists Forecast B *

Brazil – Inflation Won’t Hit Target Anytime Soon B* *

Brazil – Debt dilemma FT * *

Brazil – Political tension inflames market malaise FT * *

Brazil – Biotech blossoms as state aid dries up FT *

Venezuela – Fears of Default Grow Amid Drop in Oil Prices WSJ / FT / AP *

Venezuela – Central bank curbs fuel fears over hyperinflation FT

Venezuela – Heading for a crash E / e * *

Puerto Rico – Debt restructuring falls apart FT / NYT

LatAm – Faces longest recession since 1980s FT *

LatAm – To Stagnate on Venezuela, Brazil, World Bank Says B *


POLITICS & FISCAL POLICY



MONETARY POLICY

BCB – Surging inflation leaves Brazil’s rate setters with headache FT * *

BCB – Brazil Signals Rate Rise on the Radar B *


FINANCE



REAL ESTATE



LABOR & EDUCATION

Brazil – Economy shed 1.5m payroll jobs in 2015 AP


SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION

Ship – Rates for very large crude carriers fall FT *

Ship – Renting a Ferrari Costs More B *

Ship – Investors seeking the bottom should bring scuba gear FT / WSJ *

Ship – Maersk Coping With Trade Slump WSJ *

Ship – Long Beach Imports Rise WSJ / cr *


COMMODITIES



ENERGY & ENVIRONMENT

Shale – Downturn brings reckoning to the industry FT / FT / R * *

Shale – ‘Running Out of Survival Tricks as Opec Ramps Up Pressure’ B *

Shale – About to Lose Oil Output Equivalent to OPEC Member B *

Shale – Saudis ‘will not destroy the US industry’ DT

Shale – ND oil-by-rail shunned on East Coast R / B *

Shale – More quakes rattle OK but state avoids tough measures AP *

Shale – Firm Resists Call to Shut Down Amid Earthquakes WSJ / NYT *

Sands – Canada’s Carbon Cap May Crimp Reserves WSJ / FT *


HEALTH

Zika – Virus Continues to Expand in Brazil WSJ

Zika – WHO issues warning over ‘explosive spread’ FT / R *

Zika – Anticipating the international spread of virus lancet *


ENDNOTE

Languages of South America motw *


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