29 April 2016



Today’s Issue Cluster: Auto Scandals

Asean – Growth potential is waning
e-Cigs – Why e-smoking is flourishing
Zika – Local US outbreaks ‘likely’


MAJOR DATA POINTS

EZ – Q1: GDP returns to pre-crisis levels; +0.6% from +0.3% / FT / WSJ / R

Mexico – Q1: GDP Beats Forecasts; +2.7% / B

US – Mar: Fed fav PCE price index rose; +0.1% from -0.1% / WSJ / R

US – Q1: Employment Costs Improve at Modest Rate; +0.6% from +0.5% / WSJ

US – Apr: UMich sentiment index falls; 89.0 from 91.0 / MW

US – Apr: Chicago PMI falls; 50.4 from 53.6 / MW


MARKETS

Asean – Debt problem hasn’t gone away B *

Asean – Growth potential is waning E *


ECONOMICS

Mongolia – Land of Lost Opportunity WSJ *

Thailand – Tourism: the Chinese keep coming FT * *

Indonesia – Market buoyant FT *

Indonesia – Toiling over transition FT *

Indonesia – Sprawling archipelago is a logistics company’s nightmare N * *

Philippines – Energizes as FDI powerhouse FT


POLITICS & FISCAL POLICY

Asia – Fighter jet sales fit into US’s China-containment strategy N *


MONETARY POLICY



FINANCE

Asia – China’s ambitions show through in ‘Silk Road’ lending FT *

Asia – Infrastructure challenge set to cost $6.5t N * *


REAL ESTATE



LABOR & EDUCATION



SERVICES

e-Cigs – UK Report Advocates Substituting for Tobacco WSJ

e-Cigs – Why e-smoking is flourishing E / NYT *


MANUFACTURING

Autos – Scandals: Industry left reeling by multiple investigations FT * *

Autos – Mitsubishi: Admits Manipulating Fuel-Economy Data WSJ / FT / NYT / N *

Autos – Diesel: The gulf between test results and the real world widens E *

Autos – VW: Says scandal bill could be much more than $18b R / FT / WSJ / NYT *

Autos – VW: Falls to biggest annual loss in its history FT *

Autos – VW: Deal With US Over Emissions Scandal WSJ / FT

Autos – VW: Costs of scandal mount FT *

Autos – VW: Says ‘no sacred cows’ in turnround FT *

Autos – VW: Why Digital Could Be Harder than Diesel WSJ

Autos – VW: Did Germany turn a blind eye? FT *

Autos – VW: The One Family That Could Fix It and Why They Won’t B *


TECH



TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT



HEALTH

Zika – Brain Damage Far Worse Than Expected WSJ

Zika – Local US outbreaks ‘likely’ R / AFP *

Zika – White House to Shift $500m from Ebola WSJ


ENDNOTE

Photos taken by locals and tourists in Tokyo motw *


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