29 August 2014



Today’s Issue Cluster: Africa

US – ‘Criminalising the American company’
Ship – Canadian Ports Win on US Labor Concern
Oil – Shale in Texas Keeps Gas Prices Affordable


MAJOR DATA POINTS

Japan – Jul: Core Inflation Rate Stays Steady; 3.3% from 3.3% / WSJ / B / FT *

Japan – Jul: Industrial production rises slightly; +0.2%, -0.9% yr / AP / B

EZ – Jul: Worrying inflation sags again; 0.3% from 0.4% / AP / R / FT / B / NYT / WSJ * *

Brazil – Q2: Economy slips into a recession; -0.6% from -0.2% / AP / R

US – Jul: Consumer Spending Declines; -0.1% from +0.4% / WSJ / B / R

US – Aug: UMich consumer sentiment rises; 82.5 from 81.8 / R / B / cr *


MARKETS

Currencies – ‘Fragile Five’: Back under pressure FT * * *

Currencies – Peso: Argentina’s Low Foreign Reserves Hit WSJ *

Currencies – Rouble: Hits record low against the dollar FT / WSJ

Currencies – Rouble: Weakness aids Russian metals groups Rusal and Evraz FT

Currencies – Rupee: India Central Bank Seen Intervening to Weaken WSJ *

Currencies – Won: Current Account Surplus Adds Pressure B *

Currencies – Yen: BOJ Pushing for Greater Global Role WSJ *

Currencies – Franc: Puts Spotlight on Swiss Central Bank WSJ

Currencies – Bitcoin: Tech race fuels mining bubble FT / R * * *

Currencies – Bitcoin: On To-Do List, Put Cash Into ATM nyt *


ECONOMICS

Africa – Ebola Sickens Economies B / BW / AFP / WSJ * *

Africa – Ebola virus piles pressure on iron ore miners FT

Africa – Bond Sales Losing Allure WSJ *

Africa – Banks Vie for a Piece of Mobile Banking Market WSJ *

Africa – China-aided line likely to transform regional trade N *

Africa – Rail Lines / im *

Africa – Can it survive such speedy growth? E * *

Ethiopia – Becomes China’s China in Search for Cheap Labor B / BW *

Nigeria – Unrest Takes Toll on Economy, Currency WSJ * *

Nigeria – Can Moguls Untangle Power Lines? WSJ *

Zimbabwe – No blank cheque for Robert Mugabe from China FT * *

Angola – Oil reserves boost growth but wealth remains concentrated FT * * *


POLITICS & FISCAL POLICY

US – ‘Criminalising the American company’ E * * *


MONETARY POLICY

ECB – Draghi Pushes Closer to QE as Deflation Risks Rise WSJ / B / R / WSJ / FT * *

ECB – ‘Keeps putting up the cash, but where’s the lending?’ r *


FINANCE

US – Banks Boosted Lending in Q2, FDIC Says WSJ *

US – Nonbank Mortgage Lenders Bounce Bank WSJ *

US – Subprime Auto Lending Rise Not Yet Worrisome: NYFed wsj * *

US – Banks Retreat From Market That Keeps Cash Flowing WSJ / FT / WSJ *


REAL ESTATE

EU – Deflating the bubbles will not be easy E / E * *

EU – UK: London Property Market Falters as Buyers Resist Higher Prices B


SERVICES

Online – Wal-Mart Looks for Chinese Growth WSJ

Online – Amazon takes aim at Chinese rivals in Shanghai’s free-trade zone FT / WSJ


MANUFACTURING



TECH



TRADE & TRANSPORTATION

Ship – Chinese Operators Missing Out on Global Trade Rebound WSJ

Ship – Canadian Ports Win on US Labor Concern B


COMMODITIES

Water – US: California Drought Squeezes Wells WSJ *

Water – US: Profiting From California’s Epic Drought BW / AP *

Water – Iran: Dried out FT * *


ENERGY & ENVIRONMENT

Oil – Shale in Texas Keeps Gas Prices Affordable NYT *

Oil – US surge restrains prices despite heightened global turmoil G&M *

Oil – Too much light and a dearth of heavy in Americas G&M *

Oil – Locals tap majors’ Niger delta retreat FT *


LABOR & EDUCATION



HEALTH

Ebola – US health official: Ebola has ‘upper hand’ AP / FT / AP / WSJ *

Ebola – WHO warns of ‘shadow zones’ and unreported cases R *

Ebola – Crisis Worsens for Lack of Global Help WSJ *

Ebola – Drug Used for Related Virus Shows Promise NYT / R / WSJ


ENDNOTE

Technohyperbole: The annual “hype cycle” chart from Gartner e *


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