26 June 2015



Today’s Issue Cluster: Latin America

Ship – Rates for US-bound containers drop on tepid global demand
Crops – Robust consumption in Asia boosting fruit prices
Insurance – Ruling May Have Just Killed State-Based Exchanges


MAJOR DATA POINTS

Japan – May: Consumer prices tepid; +0.1% AFP / AP / FT

US – Jun: UMich consumer sentiment rises; 96.1 from 90.7 / R


MARKETS



ECONOMICS

SK – Cuts growth forecast as MERS saps spending AP

SK – MERS Outbreak Prompts Stimulus WSJ

SK – External Headwinds Delay Recovery b * *

SK – Pins hopes on creative economy to end chaebol reliance FT *


POLITICS & FISCAL POLICY

LatAm – Learning the lessons of stagnation E * * * *

LatAm – Open more bank accounts but fail to use them FT * *

LatAm – Super-rich are multiplying faster than anywhere else AFP *

Mexico – Suffers the costs of lawlessness FT *

Venezuela – Bond soars above mounting chaos of shortages FT * *

Brazil – Jobs disappear as Brasilia hunts for sources of growth FT *

Brazil – ‘Economic Fault Lies Not in Its Stars, But in Itself’ b *


MONETARY POLICY



FINANCE

Mexico – Banks say US clampdown has damaged legitimate activity FT * *

Mexico – Technology is taking finance where banks fear to tread E *


REAL ESTATE

Canada – Oil Slump Has Calgary Awash in Vacant Office Space WSJ * *


LABOR & EDUCATION



SERVICES

Ads – Former Google exec raises $10m to block the blockers FT

Ads – Push for big data escalates as viewers tune out of TV FT * * *


MANUFACTURING



TECH

Games – SK makers go mobile FT *

Games – Microsoft has significantly lagged Sony this time round e *


TRADE & TRANSPORTATION

Ship – Oil Tankers Are Filling Up and Raking It In WSJ *

Ship – Rates for US-bound containers drop on tepid global demand N *


COMMODITIES

Crops – Rain delays to US planting lift corn and soya prices FT * *

Crops – Robust consumption in Asia boosting fruit prices N *

Crops – World’s kitchens brace for olive oil price shock FT * *


ENERGY & ENVIRONMENT

Oil – Alberta doubles carbon tax on large emitters by 2017 FT / G&M / FP *

Oil – Russia takes over as top supplier to China FT *

Oil – Opec share of market fell to lowest since 2003 / b *


HEALTH

Insurance – Obamacare ruling ignites health stocks FT / WSJ / 538 * *

Insurance – Ruling May Have Just Killed State-Based Exchanges nyt

Insurance – Americans Who Prefer to Go Without WSJ * * *


ENDNOTE

An unprecedented 3-way tie leading into Canada’s Fall election reddit / 308 * *


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