8 April 2014



Today’s Issue Cluster: India



DATA POINTS

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 *


MARKETS

Greece – Draws up plans for market return FT *


ECONOMICS

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 *


POLITICS & FISCAL POLICY

Ukraine – Protesters Seek Russian Troops NYT / FT / WSJ

Ukraine – Merkel Treads Softly With Putin WSJ *


MONETARY POLICY



FINANCE

EU – Deal on bank failures risks unravelling FT

US – Bank Regulators Set Vote on Big Jump in Capital Requirements FT / WSJ / FT / WSJ *


REAL ESTATE

India – Luxury hotels swap keys in economic slump R * *


SERVICES

Retail – Perseverance pays for Mukesh Ambani and his India foray R *

Retail – India elections could be bad news for Walmart q *


MANUFACTURING

Tractors – India fertile ground FT / WSJ * *


TECH

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


TRADE & TRANSPORTATION

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


COMMODITIES

Platinum – Ample stocks help metal resist strike effect FT


ENERGY & ENVIRONMENT

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 *


LABOR & EDUCATION

India – Risks squandering advantage as it faces urban jobs crunch FT


HEALTH

Retail – Why walk-in health care is a fast-growing profit center for retail chains WaPo


ENDNOTES

Colors of Post/Mail Boxes Across the World im *


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