27 October 2014



Today’s Issue Cluster: Banks

Chips – Using Cash and Pressure, China Builds Its Industry
Copper – China’s strategic stockpiling sways global market
Carbon – EU Deal Falls Short of Expectations


MAJOR DATA POINTS

Germany – Oct: Ifo Business Confidence Falters Again; 103.2 from 104.7 / WSJ / AP / AFP / B

US – Sep: NAR pending home sales misses expectations; +0.3% from -1.0% / R / WSJ / B *


MARKETS

Bonds – Darker Global Outlook Has Bears Hibernating WSJ *

Bonds – Junk Rallies WSJ *


ECONOMICS

EU – US Gains From Good Deflation as Europe Faces the Bad and Ugly B / BW *


POLITICS & FISCAL POLICY

Brazil – Rousseff scores narrow victory FT / AP / R / NYT

Brazil – Currency, Shares Plummet WSJ / FT / WSJ / FT / t * *

Brazil – Rousseff faces scrutiny over her economic record FT * * *

Brazil – Poll prompts fresh thinking about a second Dilma term FT / e *

Brazil – Welfare State Takes Lead Role in Vote WSJ *

Brazil – Looking for change E * *

Brazil – Big banks look well placed to ride out economic downturn R


MONETARY POLICY



FINANCE

EU – ECB says banks overvalued assets by €48b FT / WSJ / NYT / R / B / AP *

EU – Bank test celebrations mask mounting challenges R / B *

EU – List of Failing Banks Shrinks If You Read Small Print B / WSJ *

EU – UK: Several Big Lenders Cut It Close in Stress Tests WSJ *

EU – Italy: Under pressure as 9 banks fail stress tests FT / WSJ / FT / NYT *

EU – Greece: Three out of four banks fail FT / NYT *

EU – Germany: Banks surprise after stress tests FT / B

EU – Bank Tests Could Bring Relief WSJ / FT / B * * * *

EU – Stress Tests Mark Step Closer Toward Banking Union WSJ / r * *

US – Fed lays out scenarios for 2015 bank stress tests WSJ / FT / R

China – Online financing squeezes profits at midsize banks R

China – Troubles Rattle Western Banks WSJ *

Australia – Big banks’ to crank out $29b in profit SMH

World – Big banks giving up on their global ambitions FT *

Mobile – 2 Drug Chains Disable Apple Pay, as a Rival Makes Plans NYT / B

Security – Banks Demand That Law Firms Harden Cyberattack Defenses WSJ

Security – Banks join wave of investors in start-ups FT


REAL ESTATE



SERVICES



MANUFACTURING



TECH

Chips – Using Cash and Pressure, China Builds Its Industry NYT

Chips – Specialisation and new technologies may put Europe on the map again E *


TRADE & TRANSPORTATION



COMMODITIES

Copper – Single Firm Holds More Than 50% in LME Warehouses WSJ *

Copper – China’s strategic stockpiling sways global market N *


ENERGY & ENVIRONMENT

Carbon – EU Deal Falls Short of Expectations NYT / R / AP / WSJ / B / NYT / FT *

Carbon – EU plans to revive lifeless market / FT * *

Carbon – Exxon, Shell Emissions Rise Though Pumping Drops WSJ *

Carbon – The 10 biggest energy users; US isn’t near the top r / op *

Carbon – Flooding Risk From Climate Change nyt / ld *


LABOR & EDUCATION



HEALTH



ENDNOTE

Pop Culture Mentions Of Global Warming Have Plummeted Since 2007 PopSci *


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