27 February 2014



Today’s Issue Cluster: Energy Transport

Metals – Indonesian exports set to resume on tax compromise
E-cigs – EU Approves Tough Rules
Pensions – States: Efforts to Rein In Public-Sector Costs Falling Short


DATA POINTS

EZ – Feb: Economic Confidence Unexpectedly Rises; 101.2 from 101.0 / B

EZ – Jan: Private-Sector Lending Falls Again; -2.2% from -2.3% / WSJ

Germany – Feb: Unemployment Falls for Third Month; -14k from -28k / R / B

France – Jan: Unemployed at Record High; +0.3% / WSJ / FT

Spain – Q4: Economic Growth Slower Than Expected; +0.2% was +0.3% / WSJ / R / B / WSJ

Ireland – Q4: Jobs Growth Bolsters Recovery Hopes; +61k / WSJ

Swiss – Q4: Economy Expands Less Than Forecast as Exports Decline; +0.2% / B

Ghana – 2013: Economy grew; +5.5% / R

Brazil – Q4: GDP grew; +0.7% from -0.5% / R *

US – Jan: Orders for Durable Goods Decrease; -1.0% from -5.3% / R / WSJ / AP / B / r *

US – Week: Jobless Claims Climbed to One-Month High; +14k to 348k / AP / WSJ / R / B *


MARKETS

Currencies – China Pushed Yuan Lower FT / WSJ / B / FT / FT *

Currencies – Ukraine Unrest Hits Ruble WSJ *

Currencies – Firms Bank on Bitcoin Bounce Back WSJ / B / R


ECONOMICS

EU – Stocks join in periphery revival FT *


POLITICS & FISCAL POLICY

US – Republican tax plan targets private equity profits FT / WSJ / AP / B / wapo * * *

US – Obama Looks at Tax Changes For Roads NYT / WSJ / AP


MONETARY POLICY

BCB – Brazil Slows Pace of Interest Rate Increases FT / B


FINANCE

China – Concern Over Hong Kong Banks’ Growing Lending WSJ


REAL ESTATE

US – Builder Borrowing Picks Up WSJ / WSJ * *


SERVICES

E-cigs – EU Approves Tough Rules NYT

E-cigs – Senators look for marketing limits AP

E-cigs – Industry on tenterhooks ahead of US regulation R

E-cigs – The Hot Debate: A Path to Tobacco, or From It? NYT


MANUFACTURING

Planes – Airbus Plans to Boost A320 Jet Production WSJ / FT / NYT / R / AFP *


TECH

Mobiles – Handset Makers Go Big on Smartphones NYT / WSJ

Mobiles – Low-price superstars N * * *

Mobiles – Boeing Readies a Secure Smartphone FT / WSJ / R *


TRADE & TRANSPORTATION

Energy Transport – No Conflict of Interest Found in Favorable Review of Keystone WSJ / NYT

Energy Transport – Nebraska court deals fresh blow for Keystone FT / R / B / CP / WSJ / NYT / AP

Energy Transport – Obama’s Keystone Decision Expected in a ‘Couple’ of Months B / AP

Energy Transport – Without Keystone, oil trains may cause six deaths per year R

Energy Transport – Bakken Shale Oil Carries High Combustion Risk WSJ *

Energy Transport – To Make Shipping Oil Safer, Railroads Agree to 8 Measures NYT / B / AP / WSJ

Energy Transport – Bitumen shippers seen as losers in new US oil-by-rail order B / WSJ

Energy Transport – Fossil Fuel Basins and Northwest Ports motw *

Energy Transport – Canada a principal source of US energy imports EIA * * * *

Energy Transport – Northeast’s Record Natural Gas Prices Due to Pipeline Dearth BW *


COMMODITIES

Metals – Indonesian exports set to resume on tax compromise N

Metals – Falling Iron-Ore Prices Pinch Producers WSJ *

Metals – China’s Steel Province Not Cutting Capacity Fast Enough WSJ / FT / Cj

Metals – China imports boom a very mixed blessing r * * * *

Metals – Aluminium market risks disappearing into the shadows r * *

Metals – Copper Rebounds as Worries About Chinese Property Sector Ease WSJ / B *


ENERGY & ENVIRONMENT

Air – European Parliament Agrees Tough Automobile CO2 Targets WSJ

Air – China has vowed to challenge its growth model FT * *


LABOR & EDUCATION

Pensions – States: Efforts to Rein In Public-Sector Costs Falling Short NYT / FT *

Pensions – States: RI scales back its reforms E *


HEALTH



ENDNOTES

New Photo Of North Korea From Space, Only Pyongyang Visible Y *


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