9 June 2016



Today’s Issue Cluster: Mobiles

Retail – Wal-Mart fights to defend its dominance
Crops – Tomatoes: Miner Grubs Are Wiping Out Africa Farms
Coal – World Starts to Turn Away as Cheap Oil Gains Market


MAJOR DATA POINTS

China – May: CPI Cools, Stoking Stimulus Expectations; +2.0%, PPI -2.8% / WSJ *

South Africa – Q1: Contraction raises prospect of recession; -1.2% / FT

US – Apr: Wholesale inventories rise; +0.6% from +0.2% / R

US – Week: Jobless claims drop; -4k to 264k / R / WSJ


MARKETS



ECONOMICS

SK – Economy pays price for China slowdown and cheap oil FT * *

SK – Country dependent on large manufacturers WSJ * *


POLITICS & FISCAL POLICY



MONETARY POLICY

BOK – Surprises With a Rate Cut WSJ

BOK – Record low 1.25% FT / B *


FINANCE

NIRP – Japan’s Largest Bank Considers Quitting Bond Role WSJ

NIRP – Stirs bank mutiny FT


REAL ESTATE



LABOR & EDUCATION

Japan – Moves to Lure More Foreign Workers WSJ *


SERVICES

Retail – Survey Shows Rapid Growth in Online Shopping WSJ *

Retail – Wal-Mart fights to defend its dominance E * *

Retail – UK stores concerned about shipping costs for e-commerce bi *

Retail – Amazon to deliver $3b investment in India FT *


MANUFACTURING



TECH

Mobiles – It’s Huawei’s turn to shine in China’s fickle market N * *

Mobiles – China’s Smaller Makers Feel the Squeeze WSJ

Mobiles – Cellphone Study Fans Cancer Worries WSJ / nyt *

Mobiles – Apple Forecasts Second Sales Drop B *

Mobiles – Apple sets sights on bigger target in India FT * *

Mobiles – Google Pressures Partners to Update Android B *

Mobiles – Google’s Modular Phones to Go On Sale Next Year WSJ *

Mobiles – How Google Fares in a Peak Smartphone Age WSJ *

Mobiles – The Smartphone Price Gap / statista *


TRADE & TRANSPORTATION

Ship – Panama Canal: New Era in Trade Nears B * *

Ship – Panama Canal, the Reboot / BW *


COMMODITIES

Crops – Tomatoes: Miner Grubs Are Wiping Out Africa Farms B *

Crops – Corn: GMO Stops Brazil Chicken Producers Buying from US B *

Crops – Soybeans: Meat sector’s appetite sparks scramble for meal FT

Crops – Soybeans: Brazilian Shipments Seen Breaking Record B *

Crops – Cocoa: Brexit fears fray nerves of traders FT *

Crops – Coffee: Perks of gourmet boom elude growers FT *

Crops – Palm Oil: Battle spreads beyond ethical investors FT *


ENERGY & ENVIRONMENT

Coal – World Starts to Turn Away as Cheap Oil Gains Market B

Coal – Use plunges as China cuts back and US turns to gas FT *

Coal – NatGas to Lead Power Generation This Year / b *

Coal – Regulators Fear $1b Cleanup Bill NYT


HEALTH



ENDNOTE

Most commonly spoken language in NYC that isn’t English or Spanish bi *


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