Today’s Issue Cluster: South Africa
Fed – The taming of the balance sheet
World – Misconduct bill tops $235b
Ethanol – As boom fades, ADM sees bright future for corn in grocery aisle
Japan – Apr: Slides Back into Trade Deficit; -¥53b (-$439m) / WSJ / AP / B / AFP / b *
Singapore – Q1: Economy Expanded More Than Estimated; +2.6% from +2.1% / B
US – Apr: US new-home sales jump; +7% from -10% / AP / B / R
US – Mar: Case-Shiller Home Price Index Rose; +4.1% from +4.2% / WSJ / cr *
US – Apr: Orders for durable goods drop; -0.5% from +5.1% / AP / R / AP / WSJ
US – May: ConfBd consumer confidence rises; 95.4 from 94.3 / R
US – May: Markit services sector growth slows; 56.4 from 57.4 / R
Bonds – Junk-rated Chicago to test market FT / NYT *
Bonds – China Embraces Foreign Investors WSJ *
South Africa – Zuma: Power failure FT * * * *
South Africa – Zulu king condemns attacks on immigrants FT / NYT *
South Africa – Weak rand fails to ease manufacturers’ woes FT * *
South Africa – Power Outages Mar Economic Expansion WSJ *
South Africa – Struggling power utility suspends its CEO FT * *
South Africa – Power cuts persist, utility races to fix plants R *
South Africa – Foreign Businesses Face Backlash WSJ *
South Africa – Miners accelerate job cuts to 35k FT * *
South Africa – Staking a claim FT * * *
Greece – Will default on June IMF repayment FT / WSJ / R / NYT
Greece – Struggle for Elusive Deal WSJ / NYT / FT *
Greece – Governing Left Divided Over Debt Terms WSJ *
Fed – Yellen: On Track to Raise Rates This Year WSJ / FT / NYT / R / B *
Fed – Weak spell puts Yellen at crossroads over liftoff plans R *
Fed – The Core of the Inflation Problem WSJ *
Fed – The taming of the balance sheet FT * *
Fed – EMs ready themselves for acid test FT * *
World – Negative rates pose corporate conundrum FT * * * *
World – Misconduct bill tops $235b R / R *
World – Productivity: It’s a drag FT / FT / FT * * * * *
Telecoms – Charter Communications Nearing Deal for TWC WSJ / FT / NYT / R / FT / WSJ / NYT / FT *
Telecoms – Charter Strikes $55b Deal for TWC WSJ / FT / NYT / B / q * * *
Ship – Oil tankers: tanked up FT *
Ship – Panama Canal unlikely to return to 2007 pre-crisis boom levels FT
Ship – Los Angeles Port Reports Steep Cargo Decline WSJ *
Ethanol – The end of the road? N *
Ethanol – As boom fades, ADM sees bright future for corn in grocery aisle R *
Occasions Behind Countries’ “National Days” wiki *
