Today’s Issue Cluster: Trade
Japan – Debt Burden Is Quietly Falling the Most in the World
Crops – Full US Silos Means Dumping Wheat in Parking Lots
Oil – Libya: This ‘wild card’ not coming back soon
China – May: Caixin Composite PMI Declines; 50.5 from 50.8 / m *
US – May: Job growth slowest since 2010; +38k from +123k / FT / WSJ / NYT / R / B *
US – May: ISM Services Drops; 52.9 from 55.7 / WSJ
US – Apr: Factory Orders Rise; +1.9% from +1.7% / MW
US – Apr: Trade Gap Widened 5.8%; exports +1.5%, imports +2.1% / WSJ
Japan – String of scandals puts investors on edge FT *
Japan – Debt Burden Is Quietly Falling the Most in the World B *
Japan – Worries abound about future recession r * *
Japan – Abe admits deflation fears with sales tax delay FT / WSJ / N / E *
Japan – Abe Plans Up to $90b Stimulus, Nikkei Says B
Online – PayPal May Be the New Face of Banking WSJ *
Online – China Tech Companies The Future of Banking WSJ *
Online – Unanswered questions FT *
Tech – China’s Rules Make It Hard for US Firms to Take Control WSJ *
Tech – EU Going After US Giants NYT
Tech – Silicon Valley faces fear and loathing in Europe FT
Tech – EU Warns on Over-Regulation WSJ
US/China – Trade Troubles Grow WSJ *
US/China – Trade Friction Rises Over Chicken WSJ *
TTP – Supporters Pin Hopes on Lame-Duck Vote NYT
TTIP – Europe and US in race to keep deal on track FT
EU/Canada – German activists plan legal action in bid to halt trade deal FT
Crops – Full US Silos Means Dumping Wheat in Parking Lots B *
Crops – China plans sale of corn stocks FT *
Crops – Bayer-Monsanto sows seeds of doubt among regulators FT * *
Oil – Opec resists output cap with oil near $50 FT / B / WSJ *
Oil – Opec’s ‘Fragile Five’ despair at $50 FT *
Oil – Opec doesn’t have a lot of actual spare capacity / b *
Oil – Cost Is as Important as Its Price WSJ *
Oil – The Limits of the Rebound ps *
Oil – Libya: This ‘wild card’ not coming back soon bi *
Oil – Saudi: Affluent Go to Work WSJ *
Oil – Canada: Pollution From Sands Is Substantial, Study Finds NYT
Oil – US refiners seize the moment, sell future output R
Oil – US imports from West Africa highest since 2013 / b *
Photos taken by locals and tourists in Chicago motw *
