7 May 2014



Today’s Issue Cluster: Energy Transport

Coffee – Fungus Cripples Coffee Across Central America
US – Labor market slack: “structural” vs “cyclical”
Gaming – Nearly Two Dozen Groups Seek New York Casino Licenses


MAJOR DATA POINTS

China – Apr: HSBC Services PMI Falls; 51.4 from 51.9 / WSJ / m *

Germany – Mar: Factory orders drop unexpectedly; -2.8% from -0.9% / AP / r *

US – Q1: Productivity fell; -1.7% from +2.3% / AP / B / r *


MARKETS

World – Credit ratings r *


ECONOMICS

World – OECD Cuts Forecast for 2014 Growth WSJ / R / AP *

World – Evolution of 2014 Bloomberg Consensus GDP Forecasts by Region / b *

World – Evolution of specific countries’ 2014 Bloomberg Consensus GDP Forecast / b *


POLITICS & FISCAL POLICY

World – Countries slow race to bottom on tax competition FT *

World – Switzerland pledges to lift veil on tax secrecy FT

World – Singapore completes US tax evasion deal FT


MONETARY POLICY



FINANCE

EU – Banks binge on capital to avoid stress test failure FT *

EU – Credit Squeeze in Euro Zone Eased in First Quarter, Says ECB WSJ


REAL ESTATE

HK – Property Developers Try Discounts WSJ / WSJ / WSJ * *


SERVICES

Gaming – Is it time to cash in on the region’s casino investment game? FT *

Gaming – Junket Figure’s Disappearance Shakes Macau Industry WSJ *

Gaming – Nearly Two Dozen Groups Seek New York Casino Licenses NYT / WSJ * *


MANUFACTURING



TECH

Alibaba – Launches US IPO FT / WSJ / NYT / R / B / WSJ q * * * * *


TRADE & TRANSPORTATION

Pipeline – Europe stuck with Russian gas dependence, say G7 ministers R

Pipeline – How Germany Could End Russian Gas Dependency S *

Pipeline – Russia’s South Stream divides EU FT *

Pipeline – Gazprom: Eastern promises FT *

Pipeline – Gazprom cannot afford another supply shut-off to Ukraine FT

Pipeline – Gazprom Pushes Ahead With New Pipeline WSJ *

Pipeline – Russia forges ahead with project skirting Ukraine ft

Pipeline – Senate Democrats Weigh Vote Backing Keystone FT / B / FP *

Pipeline – Keystone Future Hinges on 19th-Century Railroad Reforms B

Pipeline – Keystone emissions amount to a fraction of what U.S. cows release into the atmosphere wapo *

Pipeline – How Obama Shocked Harper B * * * *

Pipeline – What’s behind the rising opposition to Canada’s big projects CBC / CBC *

Pipeline – Alberta: Ottawa needs to step up efforts for Northern Gateway B *

Pipeline – Alberta Clipper expansions struggle in Keystone pipeline’s shadow R

Pipeline – Plan to export Canadian crude via US port FT

Pipeline – Canada Finds China Option No Easy Answer to Keystone Snub B

Rail – Oil-train wreck brings demands for more regulation AP / NYT / WSJ / NYT / r *

Rail – California’s Oil Refiners Double Volumes B

Rail – BASF Looks to Ride US Shale Boom WSJ

Rail – NEB figures show Canada oil exports by rail up 900% CP


ENERGY & ENVIRONMENT

Oil – Gap Between Canadian, US Prices Narrows WSJ *


COMMODITIES

Coffee – Fungus Cripples Coffee Across Central America NYT *

Coffee – Vietnam to Uproot Old Trees WSJ *


LABOR & EDUCATION

US – Labor market slack: “structural” vs “cyclical” ft * * * * *


HEALTH

Pharma – Bayer Bulks Up Its Medicine Chest With Merck Brands WSJ / FT / WSJ * * *

Pharma – Sweden offers cautionary tale to UK over potential Pfizer deal FT / FT *

Pharma – Drugs pipeline under microscope FT

Pharma – The Research Race to Make Drugs More Efficient WSJ *


ENDNOTES

These Backpacks For Cows Collect Their Gas And Store It For Energy fastco *


Comments are closed.