31 March 2015



Today’s Issue Cluster: F&B – Alcohol

China – Two thirds of new investors have less than HS education
Ship – Industry anchors itself in the capital markets
Air – Cutting China’s smog will come at a massive cost


MAJOR DATA POINTS

EZ – Mar: Price Falls Ease; -0.1% from -0.3% / WSJ / FT / NYT / B / AP *

UK – 2014: Economy grew more than thought; +2.8% was +2.6% / AP / B / AFP

Canada – Jan: Economy shrinks; -0.1% from +0.3% / G&M / FP / CBC

US – Jan: Case-Shiller Home Price Growth Remains Weak; +4.5% from +4.6% / WSJ / AP / B * *

US – Mar: ConfBd consumer confidence surges; 101.3 from 98.8 / R / AP *


MARKETS

Currencies – Dollar Watchers Look to IMF WSJ / FT *

Currencies – Use of renminbi in global payments slips FT / WSJ / AFP *

China – Retail Investors Fuel Surge in Stocks WSJ * *

China – Shanghai Index headed higher on new trading accounts / b *

China – Two thirds of new investors have less than HS education / b *

China – 23 Can Make or Break You in the Stock Market B *


ECONOMICS

China – Industrial capacity utilization may be near 2008 low / b *


POLITICS & FISCAL POLICY

China – Vietnam Plays Key Role in Aid Battle WSJ *


MONETARY POLICY



FINANCE

China – To Begin Deposit Insurance in May WSJ / B *

China – Big Banks Double Their Write-offs WSJ

China – Slowing Economy Hits Profits of Big Banks WSJ / WSJ

China – AgBank profits fall as weak economy spurs defaults FT / WSJ *

China – “Banking Intrigue Index” / t *


REAL ESTATE

China – “Golden years” for construction machinery have ended, says Zoomlion WSJ

China – Developers face more price pain FT

China – Lends a Hand to Debt-Laden Real-Estate Companies WSJ

China – Loosens Home-Buying Rules WSJ / FT / B / b *


LABOR & EDUCATION

China – A working-age population projection / vt *


SERVICES

F&B – MillerCoors Caught in a Downdraft WSJ *

F&B – Top Beer Brands Soon to List Calories WSJ *

F&B – Betting on the Growth of Microbreweries NYT / cd * *

F&B – Americans tap into the case for craft beer r *

F&B – Alcohol Options for Health-Conscious Drinkers NYT *

F&B – Beer Giants Cultivate Their Crafty Side WSJ *

F&B – Ontario’s Beer Bottleneck Is Under Siege by Brewers and Buyers NYT

F&B – Australian wine exports rebound as China chooses cheaper tipples R / FT *

F&B – Japan’s wine industry / r *

F&B – Diet Coke Loses #2 Soda Spot in US to Pepsi WSJ / 538 * *

F&B – Coke’s Solution for Lost Fizz? More Soda WSJ *


MANUFACTURING

Ships – Owner warns private equity to stop backing new vessels FT

Ships – Demolition Rates Surge WSJ


TECH



TRADE & TRANSPORTATION

Ship – Five-year itch in PE marriage FT

Ship – Industry anchors itself in the capital markets FT *


COMMODITIES

China – Copper finance incentives hurt demand FT

China – Demand hits palladium and platinum FT

China – Food Giant Explores Deals in US WSJ *


ENERGY & ENVIRONMENT

Air – Cutting China’s smog will come at a massive cost B * *

Air – Litigation Awaits New EPA Emissions Rules WSJ


HEALTH



ENDNOTE

How to drink beer like a local around the world wapo * * * * * * *


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