Today’s Issue Cluster: Oil
World – Fraud in $4t Trade Finance Has Banks Turning Digital
World – ‘A Worrisome Pileup of $100m Homes’
Retail – Amazon looks set to conquer America’s clothing market
EZ – May: Remains in Deflation; -0.1% from -0.2% / WSJ
US – Apr: Consumer Spending Climb Was Fastest in 7 Years; +1.0% from +0.2% / WSJ / R / B *
US – Mar: Case-Shiller Home Price Growth Remained Robust; +5.2% from +5.3% / WSJ / R
US – Mar: ConfBd Consumer Confidence Declined Again; 92.6 from 94.7 / WSJ
Currencies – China Buying Sparks Bitcoin Surge WSJ *
Currencies – China rebuts criticism as renminbi takes big fall FT *
Currencies – A weaker renminbi leaves investors unfazed — for now FT * *
Currencies – Rising Dollar Shakes Up Markets WSJ *
World – Conditions echo post-Lehman crisis, Abe warns G7 FT **
Fed – Yellen points to summer rate rise FT / WSJ / NYT / R / B * *
World – Fraud in $4t Trade Finance Has Banks Turning Digital B *
World – ‘A Worrisome Pileup of $100m Homes’ NYT
Retail – Unsold inventory a challenge R
Retail – Why Wal-Mart Can Weather Storm WSJ / FT / WSJ
Retail – Amazon Plans More Stores, Bulked-Up Prime Services WSJ
Retail – Amazon looks set to conquer America’s clothing market E *
Trucks – Makers accused of putting brakes on technological change FT *
Trucks – EU set to impose record cartel fine on makers FT *
Truck – Canada’s industry struggles to attract drivers G&M
Truck – ATA Index decreased / cr *
Farms – US: Banks Tighten the Buckle WSJ *
Farms – UK: English Farm Prices Fall Most Since 2008 B *
Oil – Fueling Push to $50: Fear Is Back WSJ *
Oil – $50 Breach Doesn’t Mean Much Unless It Sticks Around B * * *
Oil – ‘$50 oil is here to stay’ op *
Oil – Prices Poised to Hit Sweet Spot for Global Economy WSJ *
Oil – Groups raise net debt by a third FT *
Oil – Companies Stay Shy Despite Upswing in Prices WSJ *
Oil – Norway: Now Faces Risk of Strikes B *
Oil – Algeria: Running Hard to Stand Still B *
Oil – Nigeria: Running on empty FT *
Oil – Mexico: Pemex Willing to Sell Assets to Generate Liquidity B *
Oil – Canada: Suncor Starts to Bring Canadian Sands Back Online WSJ
Oil – China: ‘Teapot’ Refineries Shore Up Demand WSJ *
Oil – US: Opec’s Strategy Lures Drivers Back Into Gas Guzzlers B * *
