31 August 2016



Today’s Issue Cluster: Tech Sector



MAJOR DATA POINTS

US – Jul: NAR Pending Home Sales Index Rose; +1.3% / WSJ / R

US – Aug: ADP Reports Increase in Payrolls; +177k from +194k / WSJ / R / B

EZ – Aug: Inflation Flat; +0.2% from +0.2% / WSJ / AFP *


MARKETS

China – Beneath Yuan’s Quiet, Worries Rise WSJ * *

China – Growing Mountain of Debt B *


ECONOMICS



POLITICS & FISCAL POLICY

China – Xi’s faction accounts for just 6% of the Central Committee E


MONETARY POLICY

PBOC – Why China Hasn’t Cut Rates WSJ *


FINANCE

China – Bad loan growth slows as write-offs accelerate FT *

China – Lenders seek to improve future profitability WSJ *

China – Banks starved of big data as mobile payments rise FT *


REAL ESTATE



LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH

Sector – Apple Ireland Ruling Could Be End of Easy Tax Deals B / FT / WSJ / B / R / FT * * *

Sector – Companies braced for tax shake-up as Apple feud escalates FT *

Sector – China gives Silicon Valley run for money FT * *

Sector – Chinese Tech Firms Forced to Choose Market: Home or Everywhere Else NYT

Sector – Bay Area Start-Ups Find Low-Cost Outposts in AZ NYT *

Sector – Cambridge’s Tech Hub Generates Successes WSJ *

Sector – IT industry set for a once-in-a-generation battle E *

Sector – Will Amazon Kill FedEx? BW *


TRADE & TRANSPORTATION

CETA – EU-Canada Talks Falter, Boding Ill for Bigger Deals WSJ *

TPP – White House says it sees a path to approval of trade deal R

TTIP – France urges Brussels to halt talks FT / WSJ / R / B

TTIP – Merkel Spokesman Rejects Vice Chancellor’s Claim Deal Is Dead B / WSJ


COMMODITIES

Cotton – Monsanto steps up India seed dispute FT * *

Cotton – Are Your Sheets ‘Egyptian’? WSJ *


ENERGY & ENVIRONMENT

Oil – Opec: Price Heads for Biggest Monthly Gain Since April Before Talks B *

Oil – Opec: Iraq gives backing to freeze FT / WSJ / B

Oil – Opec: Export revenue lowest since 2004 / b *


HEALTH



ENDNOTE

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