31 January 2014



Today’s Issue Cluster: Oil

Canada – Vancouver property boom yields calls to rein in speculation
Ship – Stranded ships on Great Lakes create icebreaking logjam
World – Inflation may help determine how fast labour markets recover from recession


DATA POINTS

Japan – Dec: Inflation quickens to over five-year high; 1.3% from 1.2% / WSJ / R / B / AP

Japan – Jan: Markit manufacturing PMI at 8-year high; 56.6 from 55.2 / R

EZ – Jan: Inflation Rate Builds Rate Pressure on ECB; 0.7% from 0.8% / B / NYT / WSJ / AP

Germany – Dec: Retail Sales Fall; -2.5% from +0.9% / WSJ

US – Dec: Consumer Spending Increase Slows; +0.4% from +0.6% / B / R / AP / WSJ *

US – Jan: Chicago Business Barometer Fell; 59.1 from 60.8 / R / B

US – Jan: Final UMich consumer sentiment decreased; 81.2 from 82.5 / R / cr *

US – Q4: Labor costs rise; +0.5% from +0.4% / R


MARKETS

EMs – Fear of contagion FT * * * * * * * * * * *

EMs – Struggle to cope with a new world E * *

EMs – Selloff’s Spread to Europe Is Sign of Broad Fear WSJ *


ECONOMICS

US – Economy Shows Signs of Gearing Up FT / WSJ / wsj / wsj * * * * *


POLITICS & FISCAL POLICY

EU – Euro Zone’s Next Reform Candidate: Germany WSJ *


MONETARY POLICY

RBI – Rajan hits out at uncoordinated global policy FT / B

TCMB – Turkey prepared to tighten policy further FT


FINANCE

US – Banks Start to Ease Limits on Lending WSJ * *

US – Bank profits hit a post-crisis record last year q *


REAL ESTATE

Canada – Vancouver property boom yields calls to rein in speculation G&M *


SERVICES

Cable – Writers Talks Face May 5 Deadline WSJ *

Cable – Time Warner Cable lays out operating plan as it fends off takeover R / FT

Cable – Five years of cord-cutting at Time Warner Cable / q *

Cable – Time Warner Cable Avoids Fights in Latest Content Deals WSJ *

Cable – ESPN’s Internet Rollout Tests Television Cash Cow WSJ * * *


MANUFACTURING



TECH

Mobiles – How Google’s Costly Motorola Maneuver May Pay Off WSJ / FT / NYT / R / WSJ / FT * *

Mobiles – Nintendo Remains Defiant Against Smartphone Revolution WSJ *

Mobiles – Global smartphone shipments / E *


TRADE & TRANSPORTATION

Ship – Stranded ships on Great Lakes create icebreaking logjam CBC *


COMMODITIES

Commodities – Producers face second year of falling prices FT *


ENERGY & ENVIRONMENT

Oil – Pumping Up the US Economy WSJ *

Oil – US Production Keeps Rising Beyond the Forecasts NYT *

Oil – ‘America returns to gas-guzzling’ FT *

Oil – US ready for a light crude awakening G&M *

Oil – US Exports Face Obstacles WSJ / FT *

Oil – Groups pressed to restrain spending FT *

Oil – Companies Struggle to Justify Soaring Project Costs WSJ *

Oil – Serica points up perils of North Sea exploration FT *

Oil – Investment cannot hide North Sea problems FT *

Oil – Shell to stop drilling in Alaska in 2014 FT / AP / WSJ *

Oil – China’s Iraq Imports Surge WSJ * *

Oil – China begins receiving crude from Russia CD *

Oil – Shale boom brings Latin American oil bonus for Indian refiners R *

Oil – Companies See Africa as a Market WSJ

Oil – Shale Boom Forces Pemex to Find New Buyers WSJ *

Oil – Gasoline and Diesel Consumption / a * *


LABOR & EDUCATION

World – Inflation may help determine how fast labour markets recover from recession E *


HEALTH



ENDNOTES

Old Mexico lives on E *


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