3 February 2015



Today’s Issue Cluster: Railroads

China – Debts owed by nonfinancial sector have soared
Uber – Google Is Developing Its Own Competitor
Sands – Lower Oil Prices Strike at Heart of Production


MAJOR DATA POINTS

US – Dec: Factory orders fall sharply; -3.4% from -1.7% / R / AP


MARKETS

Stocks – Spain feels the nervous ripples over Greece FT *

Stocks – EMs Stage Surprising Revival WSJ *

Stocks – Small-Caps Gain as Large-Caps Falter WSJ *

Stocks – QE boost for eurozone shares cannot last FT * *

Stocks – Shanghai, HK shares fall with probe into margin trading R * *

Stocks – China market cap as % global total regains 2007 peak / b *


ECONOMICS

China – Weak Data Renew Push for Growth Measures WSJ / WSJ *

China – Trumps US for Foreign Investment WSJ *

China – Provinces undershoot GDP targets FT *

China – 2014 Revenue Grows at Slowest Pace in Years WSJ

China – Debts owed by nonfinancial sector have soared ft *

China – ‘Overborrowed and overbuilt’ FT * * * * * *

China – The problem with pervasive implicit state guarantees ft *

China – Debt That Once Boosted Now Burdens WSJ *


POLITICS & FISCAL POLICY

China – Great Firewall Gets Taller WSJ

China – ‘Western values’ forbidden in universities FT


MONETARY POLICY

RBA – Cuts rates to fresh low of 2.25% WSJ / SMH / ABC / Aus / FT *

RBA – Stumbling Australian dollar has room to fall FT * *


FINANCE

China – Shadow bank regulation shows results FT *


REAL ESTATE

China – Home prices break falling streak AFP


SERVICES

Uber – Google Is Developing Its Own Competitor B

Uber – May be making its own self-driving cars FT / wsj / cnet


MANUFACTURING



TECH

Net Neutrality – FCC to Propose Strong Rules WSJ / NYT


TRADE & TRANSPORTATION

Rail – Roads Steam Toward Big Gains WSJ / WSJ

Rail – US oil car market collapses as foreign crude makes comeback R / B / B * *

Rail – Roads reduce shipping load on drop in oil prices G&M *

Rail – Grain shipping firms face railway backlog, deteriorating service CP / WSJ


COMMODITIES

Crops – GMO-Free: Prove Lucrative for Farmers WSJ *

Crops – Biotech: Seed Makers Try to Defuse Trade Uncertainties WSJ *


ENERGY & ENVIRONMENT

Sands – Lower Oil Prices Strike at Heart of Production NYT


LABOR & EDUCATION



HEALTH



ENDNOTE

See What the Artworks See hyper * * *


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