9 July 2014



Today’s Issue Cluster: Crops

Oil – US Seen as Biggest Producer After Overtaking Saudi Arabia
Ship – Nicaragua approves route for $40b canal
US – A Nascent Sign of Faster Wage Growth Ahead


MAJOR DATA POINTS

China- Jun: CPI Slows; 2.3% from 2.5% / WSJ / X *

China – Jun: PPI Falls at Slowest Pace in Two Years; -1.1% / B / X *


MARKETS

Bonds – Investors Need Not Cry for Argentina WSJ / B * *

Bonds – Puerto Rico casts shadow on muni market FT *

Bonds – Investors in Asia Return to Perpetuals WSJ *


ECONOMICS

Dubai – Development in talks to extend term of $10.5b loan FT

Dubai – Planning the world’s biggest shopping mall CBS *

Dubai – Stocks gyrate as bull run hits buffers FT / BW / R *


POLITICS & FISCAL POLICY

Ukraine – Lays Plan to Besiege Rebels in Eastern City WSJ / FT

Ukraine – Russia Threatens Response If Sectoral Sanctions Imposed B

Ukraine – EU’s united front on Russia falling amid gas needs AP


MONETARY POLICY



FINANCE

US – Citigroup Nears Deal to Resolve Mortgage Probe WSJ / FT / R / NYT *

US – Morgan Ramping Up Efforts to Cut Wasteful Expenses WSJ *

US – Bankers warn over rising business lending FT

US – Growth in Credit-Card Balances Slows Sharply in May wsj *


REAL ESTATE



SERVICES



MANUFACTURING



TECH

Mobiles – Samsung hits smartphone growth plateau FT / FT * * * *

Mobiles – Foreign Investors Put Pressure on Samsung WSJ / WSJ * * *

Mobiles – Google latest empire-building tactic: cheap phones q *

Mobiles – BlackBerry: $5b is a lot for what the company is today FT / G&M * *

Mobiles – Apple’s iPod Still Has the Touch WSJ *

Mobiles – Cook’s Vision Begins to Emerge WSJ *


TRADE & TRANSPORTATION

Ship – Port Cities Prep for Wider Panama Canal WSJ

Ship – Nicaragua approves route for $40b canal R / R *


COMMODITIES

Crops – Cocoa: EM Chocolate Lovers Boost Prices WSJ * *

Crops – Coffee: A brand new weapon for Colombia’s crop police FT

Crops – Rice: Thai Subsidy Leaves Junta in a Quandary WSJ *

Crops – Corn: Blockbuster US harvest FT / WSJ / WSJ / WSJ * *

Crops – Soybeans: Tumble on record US planting FT / WSJ

Crops – US: After a Drought, Agriculture Climbs NYT *

Crops – India: To Keep Grain Supplies on Fears of Poor Monsoon Rains WSJ

Crops – China: Slowing Demand for Feed Ingredient Jolts US Markets WSJ

Crops – China: Forecasts bumper grain harvest CD *

Crops – GMOs: US Calls on Europe to Ease Limits on Gene-Altered Food NYT

Crops – Herbicides – The Rise of the ‘Super Weed’ Around the World wsj *


ENERGY & ENVIRONMENT

Oil – US Seen as Biggest Producer After Overtaking Saudi Arabia B / R *

Oil – Loophole for condensate exports may apply to other US crudes R

Oil – US could dominate global condensate supply R

Oil – Libya to increase exports as key terminals reopen FT / WSJ

Oil – Fears grow over long-term hit to Iraq output FT * * * *

Oil – Iraq shock to lift safe-haven currencies R *


LABOR & EDUCATION

US – Job Openings Rise to 7-Year High, but Hiring Notches Scant Gains wsj *

US – Fewer People Are Quitting Their Jobs, And Why That’s Not Good wsj *

US – A Nascent Sign of Faster Wage Growth Ahead wsj *

US – America Inc. Wakes Up to Wage Inflation WSJ *


HEALTH



ENDNOTE

The 10 companies that own most of the familiar food brands wapo *


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