29 January 2016



Today’s Issue Cluster: Oil

World – Cement makers sustain net profit margin recovery
Ship – Crude Carriers Cutting Speeds as World Swims in Glut of Oil
Zika – Vaccine may be ready for emergency use this year: developer


MAJOR DATA POINTS

Taiwan – Q4: GDP Shrinks as China Drags; -0.28% from -0.63% / B

France – 2015: Emerges from stagnation; +1.1% from +0.2% / FT / B *

Spain – 2015: Economy grew; +3.2% / AFP

US – Q4: Economy Growth Anemic; +0.7% from +2.0% / WSJ / FT / NYT / R / B * *

US – Q4: Worker Pay Rose; +0.6% from +0.6% / B

US – Jan: UMich Consumer Sentiment Stumbles; 92.0 from 93.3 / WSJ


MARKETS

EMs – Investors sell debt at record pace FT *

EMs – Outflows persist for seventh month FT *


ECONOMICS

EMs – The Brics are dead; Long live the Ticks FT * *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

World – Banks Push to Manage Asians’ Rising Wealth WSJ *

World – After Crisis, Banks’ Model Faces Disruption WSJ *


REAL ESTATE

World – Cement makers sustain net profit margin recovery B *


LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION

Ship – Crude Carriers Cutting Speeds as World Swims in Glut of Oil B *

Ship – Trading houses get creative in exporting US oil FT *


COMMODITIES

Pistachios – Market faces return of ‘king of nuts’ from Iran FT * *

Almonds – Prices crushed by demand slump and bumper harvest FT *


ENERGY & ENVIRONMENT

Oil – Russia says Saudis proposing 5% global cut R / FT / WSJ *

Oil – Saudis Maintain Spending, China Diesel Use Falls B * *

Oil – Tour of Middle East shows China’s growing stake E *

Oil – China Slowdown Stokes Fears of Peak Demand WSJ *

Oil – China slowdown to fuel Asia refining glut FT

Oil – Russian Output Grows as Prospects Shrink WSJ *

Oil – US Output to Fall to 8.1 mbpd in 2016, Genscape Says / b *

Oil – Key to Surviving the Bust: Beware of Cheap Debt B *

Oil – Falling price raises prospect of bailouts for crude producers FT *

Oil – Slump Sets Scene for Mergers WSJ *

Oil – Markets seethe with interesting yet spurious correlations FT *

Oil – Banks Rip Up Forecasts WSJ *

Oil – Prices have neither halted production nor stimulated growth E * * *


HEALTH

Zika – Brazil investigates if ‘common mosquito’ is transmitting virus DT *

Zika – Rio Olympics Feared as Way for Virus to Go Global NYT

Zika – WHO warns large parts of the world at risk FT / WSJ / R / NYT *

Zika – Virus could become ‘explosive pandemic’ BBC *

Zika – Vaccine may be ready for emergency use this year: developer R


ENDNOTE

How much do World Leaders earn am *


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