30 March 2015



Today’s Issue Cluster: Australia

Ship – Deep Freeze on Great Lakes Halts Cargo Shipments
Coffee – Weak Brazilian real drags down prices
H5N2 – Minnesota finds third bird flu infection


MAJOR DATA POINTS

Japan – Feb: Industrial Output Falls; -3.4% from +3.7% / WSJ / AFP / B

Brazil – Q4: Economy ekes out growth; +0.3%, -0.2% yr / FT / WSJ

US – Feb: Consumer Spending Up; +0.1% from -0.2% / WSJ / B *

US – Feb: Pending home sales at 20-month high; +3.1% from +1.2% / B / AP *


MARKETS



ECONOMICS

Australia – Iron ore no longer biggest export SMH / SMH / smh *

Australia – Warning of a poorer future FT * * *

Australia – Layoffs and empty streets as boom towns go bust R

Australia – TPP could require millions to subsidise medicines ABC

NZ – Economy on front foot as Australia falters FT * * *


POLITICS & FISCAL POLICY



MONETARY POLICY

RBA – In Australia, More Rate Cuts Become a Matter of When, Not If wsj


FINANCE

World – ‘Time for one-stop banks to make bold changes’ FT * * * * *


REAL ESTATE

Australia – Property shines despite wavering economy N *


LABOR & EDUCATION

Australia – $100,000 Bricklayers Are Hot Property WSJ *


SERVICES

Ads – Publishers and adblockers are in online battle FT * * *

Ads – Facebook Woos Chinese Advertisers WSJ *

Ads – Google Fiber may help it break into TV advertising WSJ *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

Ship – Owners must consolidate to survive downturn, says Wilbur Ross FT

Ship – Europe’s Cargo Vessels Diverted to Sea Rescues WSJ

Ship – Deep Freeze on Great Lakes Halts Cargo Shipments NYT

Ship – Canal boom in central America FT *


COMMODITIES

Corn – Dive in Prices Leads Farmers to Soybeans WSJ *

Orange Juice – Ends in Bull Market WSJ *

Coffee – Weak Brazilian real drags down prices FT * *

Cocoa – Ivory Coast wants to cash in on chocolate AFP

Cocoa – CME and ICE to go head to head with new contracts FT * *

Palm Oil – Foreign Investors Lured By Wild Ride WSJ *

Rubber – Prices remain soft N *


ENERGY & ENVIRONMENT

Coal – Producers face prolonged weakness in prices E *

Coal – Japan Continues Embrace WSJ

Coal – India Rises as Importer WSJ / FT * *


HEALTH

H5N2 – Mexico Eased US Poultry Ban B

H5N2 – Minnesota finds third bird flu infection AP / R


ENDNOTE

US once wanted to build a canal across Nicaragua, too wapo *


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