3 March 2015



Today’s Issue Cluster: Shale

ECB – Portugal may be the big winner of bond-buying
Steel – Chinese shares outdazzle rivals, but Russians not far behind
Insurance – US: Health Law Turns Obama and Insurers Into Allies


MAJOR DATA POINTS

Canada – Q4: GDP Growth Exceeds Forecasts; +2.4% from +3.2% / B / FP / G&M / CBC


MARKETS



ECONOMICS

EU – Greece Not Such a Drag for Eurozone WSJ *

EU – Companies boosted by fall in oil price and euro FT * *

EU – Deflation Threat Grows WSJ *


POLITICS & FISCAL POLICY

Greece – Faces Cash Crunch as IMF Payments Come Due WSJ / WSJ / R *

Greece – In talks for third bailout of up to €50b, Spain says FT

Greece – Only More Drama Will Avoid the Drachma WSJ *

Greece – Doubts Shadow Deal to Extend Bailout WSJ / FT / FT *

Greece – Struggles to Get Citizens to Pay Their Taxes WSJ *

Greece – Bailout timeline / b *


MONETARY POLICY

ECB – Braces for QE as others shift rates FT / R * *

ECB – Braces for QE as others shift rates R

ECB – Faces Struggle in Sourcing Enough Bonds for QE WSJ *

ECB – Portugal may be the big winner of bond-buying R *

ECB – The central bank minutes guessing game FT / FT *


FINANCE

EU – The right balance of banking regulation is still a way off FT / b / b * *

EU – Banks’ Reciprocity Draws Scrutiny WSJ *

EU – US Units of Deutsche Bank, Santander Expected to Fail Stress Test WSJ / WSJ


REAL ESTATE



SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES

Steel – Chinese shares outdazzle rivals, but Russians not far behind R *

Copper – Hits highest level since China fund attack FT

Gold – India’s Failure to Cut Import Duty Hurts Prices WSJ *

Platinum – Car sale catalyst fails to drive up metal FT * *


ENERGY & ENVIRONMENT

Shale – US: BHP highlights shale productivity gains FT

Shale – US: Largest group sees growth halt FT

Shale – US: Reasons to doubt rebound FT

Shale – US: Producers get no relief from rising Brent r *

Shale – US: Texas town built on boom fears the worst FT * *

Shale – US: Yearnings to tap gas threaten to split NY in two E *

Shale – Australia: Fracking in Northern Territory, Tasmania extends ban ABC

Shale – UK: Half open for fracking / q *

Shale – Romania: Chevron to Give Up Interests WSJ

Shale – Poland: Chevron to Abandon Venture NYT

Shale – Algeria: Project Encounters Determined Foes Deep in Sahara NYT


LABOR & EDUCATION

EU – UK Migration Surges, Stoking Debate Over EU Membership WSJ / FT * * *


HEALTH

Insurance – US: What the Supreme Court Challenge Means WSJ *

Insurance – US: More Cost of Health Care Shifts to Consumers WSJ / AP *

Insurance – US: Health Law Turns Obama and Insurers Into Allies NYT

Insurance – US: Medicaid Enrollees Strain the System WSJ * *


ENDNOTE

Countries with a GDP smaller than London reddit *


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