Today’s Issue Cluster: China Finance
Australia – Bubble fears: property prices could fall 10 to 20%
Appliances – US microwave sales plateau
Pharma – Studies find new drugs greatly lower cholesterol
Japan – Feb: Industrial Output Falls; -2.3% from +3.8% / WSJ / R / B / K
Japan – Mar: Markit manufacturing PMI slows for second month; 53.9 from 55.5 / R / m / b * *
EZ – Mar: Inflation slows to five-year low piling pressure on ECB; 0.5% from 0.7% / FT / AP / R / WSJ / NYT / B * *
UK – Q4: Posts big current account deficit relative to GNP; 5.4% from 5.6% / R
UK – Feb: Mortgage approvals dip; 70k from 77k / R *
Canada – Jan: GDP recovers most of December’s loss; +0.5% from -0.5% / R / G&M / FP / CBC
US – Mar: Chicago PMI declines; 55.9 from 59.8 / cr
Portugal – Prepares to Exit Crisis; Will It Still Need a Safety Net? WSJ *
Japan – Consumption tax rise gives Abe something to chew on FT / WSJ / N / FT *
Japan – To Speed Up Spending as Consumers Flash Warning B
Ukraine – Putin Punished With Credit Risk Above Portugal B *
Ukraine – EU trade balance with Russia and EU reliance on imported energy motw *
Ukraine – Sanctions: War by other means FT *
ECB – Data deepen eurozone deflation fears FT / WSJ / R / FT *
China – Big 5 Banks Step Up Bad Loan Disposals WSJ
China – Bank of China Is Selling Bad Loans to Investment-Bank Unit WSJ / FT *
China – ‘Bad Bank’ Conundrum WSJ *
China – Big Banks Post Slower Growth for 2013 WSJ
China – Soybean, Rubber Importers Renege on Deals WSJ
China – Sinopec sale points to next round of state privatisation R *
China – Household and non-financial-sector debt bi *
China – Developers seek alternative financing as investors grow wary R / B
China – Warns Local Officials About Land Sales WSJ
China – ’90s Housing Is Already Vintage wsj *
China – Are ‘ghost’ cities building towards economic ruin? SMH / q * *
China – Cities where Yu’e Bao offers higher returns than property / b *
Australia – Bubble fears: property prices could fall 10 to 20% SMH * *
Appliances – US microwave sales plateau q * * * *
Truck – US/Canada Bridge Funding at Risk WSJ *
Aluminum – Producers Pull Back at ‘Crunch Time’ WSJ *
Oil – Crimea Crisis Has Little Impact Thus Far on Russian Deals NYT
Oil – Potential Crackdown on Russia Risks Also Punishing Western Companies NYT
Oil – Playing Russian Roulette With Sanctions and Prices WSJ *
Oil – Iraq Income to Jump on Decades-High Output B *
Oil – Outages main reason why prices remain rangebound for third year running / sb *
Oil – A Canadian family’s ‘Plan B’ to pump tar sands East R
EU – Germany: Minimum Wage Plan Gains Backing From Businesses WSJ *
EU – Germany: Merkel considers restrictions on unemployed migrants FT
Pharma – Studies find new drugs greatly lower cholesterol AP / WSJ
European road orientations not as easy to navigate as (younger) US cities vs / vs * *
