Today’s Issue Cluster: India
Japan – Feb: Posts 1st current account surplus in 5 months; +$5.9b / R / B / K / WSJ
UK – Feb: Industrial Output Surges More Than Forecast; +0.9% from 0.0% / B / m *
South Africa – Mar: Business confidence rises; 92.7 from 91.9 / R
Canada – Mar: Housing starts slow; 157k from 191k / R
US – Feb: JOLTS Jobs Openings Increase; 4.2m from 3.9m / cr *
US – Feb: Consumer borrowing up; +$16b from +$13b / AP / R / WSJ
US – Mar: NFIB Small Business Optimism Index Increases; 93.4 from 91.4 / cr / r *
Greece – Draws up plans for market return FT *
India – Hard-Liner Narendra Modi Leads in Prime Minister Race WSJ / FT / E / AFP / ft * * * * *
India – Young people are switching from Congress to the BJP FT * * * *
India – ‘Rapid social change and assertive voters will improve democracy’ E * *
India – Stock Markets Rallying on Hopes of Business-Friendly Leadership WSJ /FT * *
India – ‘Graft is damaging the economy’ E * *
India – Seeks to shed ‘fragile five’ tag as economy improves FT * *
India – More to rupee recovery than Modi mania FT *
India – Potential banking market is huge but newcomers face an uphill battle FT *
Ukraine – Protesters Seek Russian Troops NYT / FT / WSJ
Ukraine – Merkel Treads Softly With Putin WSJ *
EU – Deal on bank failures risks unravelling FT
US – Bank Regulators Set Vote on Big Jump in Capital Requirements FT / WSJ / FT / WSJ *
India – Luxury hotels swap keys in economic slump R * *
Retail – Perseverance pays for Mukesh Ambani and his India foray R *
Retail – India elections could be bad news for Walmart q *
Tractors – India fertile ground FT / WSJ * *
Chips – India Wants to Build Its Own Supply to Satisfy Electronics Demand BW *
Chips – Wearable Chip Maker Emerges in India With Big Backers wsj
Chips – Makers Seen Growing With Connected Devices, LTE IBD
Japan/Australia – To Slash Tariffs on Beef, Cars in Trade Deal B / AP / ABC / SMH / AS / FT / WSJ / R
TPP – US attacks Japan’s stance FT / WSJ
Platinum – Ample stocks help metal resist strike effect FT
Oil – Prices fall after agreement to lift Libya blockade FT * *
Oil – OPEC output falls on Iraq exports setback / r *
Oil – The ‘Crude Wall’ cometh ft * *
Oil – US Production Concentrated in Few States wsj *
Oil – Fossil fuel production 2003-2012 cd *
India – Risks squandering advantage as it faces urban jobs crunch FT
Retail – Why walk-in health care is a fast-growing profit center for retail chains WaPo
Colors of Post/Mail Boxes Across the World im *