5 August 2015



Today’s Issue Cluster: Pipelines

China – IMF signals doubts on renminbi as reserve currency
Media – Chinese people fall for Tinsel Town
China – Global Ambitions, With Loans and Strings Attached


MAJOR DATA POINTS

China – Jul: Markit services quickens to 11-month high; 53.8 from 51.8 / R / WSJ

EZ – Jun: Retail Sales Fall Sharply; -0.6%, +1.2% yr / WSJ / EU *

US – Jul: ADP private sector job adds down; +185k from +229k / R / B

US – Jul: ISM Services Expand at Fastest Pace in a Decade; 60.3 from 56.0 / B / cr *

US – Jul: Markit services ticks up; 55.7 from 54.8 / R

US – Jun: Trade Deficit Widens; -$44b from -$41b / B / WSJ / R / cr *


MARKETS

China – IMF signals doubts on renminbi as reserve currency FT *

China – Response to Rout Exposes Regulatory Disarray WSJ *

China – Exchanges step up crackdown on short-selling R *

China – Nearly 25 Years of Wild Swings WSJ *

China – Late Jolts Are New Normal WSJ *

China – ‘Botched stockmarket rescue’ e *

China – Brokerage IPOs Likely to Face Cooler Climate WSJ *

China – Capital outflows reignite debate between bulls and bears FT * *


ECONOMICS

China – Growth to slow to 4.1% by 2025: Tokyo think tank N * * *

China – Faith in Beijing stats, charted ft * *

China – Blue-chip groups face slowdown hit FT / FT *

China – Alarm bells ringing for Asia, Germany, resource exporters N *


POLITICS & FISCAL POLICY

China – Global Ambitions, With Loans and Strings Attached NYT *


MONETARY POLICY



FINANCE

China – Debt overhang slows bank reforms b * *


REAL ESTATE

China – Smaller Cities Miss Housing Recovery WSJ *


LABOR & EDUCATION

China – Slowdown follows pattern traced earlier by US, Japan N * *


SERVICES

Media – China’s Film Industry Is Gaining on Hollywood BW / FT *

Media – Chinese people fall for Tinsel Town N * *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

Pipeline – Obama Said Near Rejection B / B / G&M / CBC / B

Pipeline – Quiet on Keystone, Clinton faces sharper attacks from rivals AP

Pipeline – Cnooc Oil-Sands Spill Worsens Outlook for Canada Plans B

Pipeline – Add crippling shortage to Canada natural gas woes B *

Pipeline – Corridor to Canada’s north examined in new project G&M *

Pipeline – M&A Stacks Up as Gas Production Grows / b *

Pipeline – Oil line latest casualty of rising tensions in Turkey FT / q *

Pipeline – Possible new EU-Turkey gas partnership bruegel * * *

Pipeline – Impact of Greek cooperation with Russia will be limited bruegel *

Pipeline – Gazprom charges more for more dependent countries bruegel * *

Pipeline – Only Ukrainian system is not controlled by Gazprom bruegel *


COMMODITIES



ENERGY & ENVIRONMENT

Carbon – Shale gas is loser in Obama plan FT * * *

Carbon – Impact of EPA’s Rule on Industry to Vary WSJ / FT / AP / B *


HEALTH



ENDNOTE

Colors of passports around the world am *


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