8 August 2014



Today’s Issue Cluster: Shipping

Ukraine – US poultry, pork and nut industries to bit hit hardest
NatGas – Deep Water Fracking Next Frontier for Offshore Drilling
Biotech – Start-Ups Work on Drugs for Pets


MAJOR DATA POINTS

China – Jul: Export surge lifts trade surplus to record high; +$47b / FT / WSJ / R / AP / B *

Germany – Jun: Exports Bounce Back; +4.5% from -3.4% / WSJ / AP *

US – Q2: Productivity Rises; +2.5% from -4.5% / WSJ / B *

US – Jun: Wholesale inventories rise less than expected; +0.3% from -0.3% / R *


MARKETS

Argentina – Banks reportedly discuss default exit FT / AP / AP / B / R

Argentina – Unresolved debts FT * *


ECONOMICS

FMs – Boom Prompts Warnings as Investors Pile In WSJ *

World – China manufacturing gathers pace, Europe falters, US steady R *

World – G7 GDP Since The Crisis / bi *


POLITICS & FISCAL POLICY

Ukraine – EU stands ready to support farmers from sanctions fallout FT / B * * * * *

Ukraine – US poultry, pork and nut industries to bit hit hardest wapo / AP / WSJ * * *

Ukraine – Lufthansa and Finnair among heaviest users of Siberian airspace R / FT *


MONETARY POLICY

ECB – Draghi warns eurozone recovery at risk FT / WSJ / NYT / AP / B / R *

BOE – Holds as Interest-Rate Debate Heats Up WSJ / R / B / AP / FT

BOI – India’s Rajan sounds alarm on asset bubbles FT / B / wsj / r / b * *


FINANCE

US – Banks told to steer billions to hard-hit areas FT / FT * * * *


REAL ESTATE

US – Foreclosure Starts Hit Pre-Crisis Low WSJ / wsj *

US – How Weak Is Housing? wsj * * * * *


SERVICES



MANUFACTURING

Ships – New techniques show the damage done by subsidies at the heart of global trade E *


TECH



TRADE & TRANSPORTATION

Ship – Iron Ore Busting 1.3b Tons Spurs Boom B

Ship – Suez becoming canal of choice for Asia-US shipments N *

Ship – Egypt plans to dig new Suez Canal costing $4b R

Ship – A High Seas Comeback for Sails? WSJ

Ship – Arctic Ice Melt Seen Freeing Way for South Korean Oil Hub B


COMMODITIES

Metals – Titanium: Boeing, United Technologies Stockpile Parts WSJ

Metals – Rare Earths: China Export Curbs Again Found to Violate Trade Law NYT / AP

Metals – Palladium: Weakens as bulls head for exit FT

Metals – Zinc: Positioning shows investor bullishness FT

Metals – Nickel: Rises as stockpile concerns recede FT

Metals – Aluminium: Gains industrial lustre FT

Metals – Mining: Looking to Other Industries for Cost-Cutting Ideas WSJ *


ENERGY & ENVIRONMENT

NatGas – Deep Water Fracking Next Frontier for Offshore Drilling B

NatGas – Falling Prices Dim Utility Stocks WSJ

NatGas – China growth faces hurdles FT * *

NatGas – Painted Pony Seen Luring Suitors in Canada LNG Race B

NatGas – Exxon eyes cheaper, floating LNG option for BC project FP *


LABOR & EDUCATION



HEALTH

Biotech – FDA lifts hold on experimental Ebola drug AP / B / NYT / FT / AFP / R / WSJ / R * *

Biotech – Start-Ups Work on Drugs for Pets NYT

Biotech – How to spot a market bubble / ft *


ENDNOTE

How hairy men are around the world am *


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