Bz Nwz




---

Today’s Issue Cluster: Brazil

China – Devaluation may test HK dollar peg
ECB – Lays ground for longer QE program
HigherEd – Are Savvy Students Sabotaging Big Textbook?



---

MAJOR DATA POINTS

Germany – Jul: Factory orders fall; -1.4% from +1.8% / AFP *

US – Aug: Slower Job Growth May Pause Rates; +173k not +220k / NYT / R / FT / WSJ / R / AP / B *



---

MARKETS

China – Devaluation Strengthens Hand at IMF WSJ *

China – Devaluation may test HK dollar peg N *

China – If something can’t go on forever, it won’t, FX policy edition ft * *

China – Bond Market Presents False Sense of Security WSJ *

China – Companies Share Investors’ Pain WSJ *

China – Foreign Firms Feel Chill WSJ *



---

ECONOMICS




---

POLITICS & FISCAL POLICY

Brazil – Rousseff faces growing impeachment threat AP

Brazil – Finance Minister Comes Under Fire From All Sides WSJ / B

Brazil – Central-Bank President Could Lose Cabinet Post in Austerity Move WSJ

Brazil – Economy Plunges in Second Quarter WSJ * *

Brazil – Struggles to fix fiscal crisis FT * *

Brazil – ‘Epic Era of Splurging Is Over’ B * * *

Brazil – Stock Market May Be Eclipsed by Mexico’s B *

Brazil – Desperate times, desperate moves E * *



---

MONETARY POLICY

ECB – Ready to Expand Stimulus WSJ / FT / NYT / B / AFP *

ECB – It Ain’t Easy Ahead of the Fed WSJ *

ECB – Lays ground for longer QE program b *



---

FINANCE




---

REAL ESTATE




---

LABOR & EDUCATION

HigherEd – Why Americans Are Going Abroad for an MBA WSJ

HigherEd – Schools Want the Sky to Be the Limit on Loans BW

HigherEd – School-Loan Reckoning: 7m Are in Default WSJ *

HigherEd – Are Savvy Students Sabotaging Big Textbook? B *



---

SERVICES

Ads – Agency deals on the block in media ‘tsunami’ FT * * *

Ads – TV Remains King in Political Spending WSJ *

Ads – Apple Escalates Fight Over Blockers WSJ *

Ads – Marketing in the digital age E * *

Ads – Online shines in sputtering Thai economy R *



---

MANUFACTURING




---

TECH




---

TRADE & TRANSPORTATION

China/Australia – Turmoil Fuels Push Against Trade Deal WSJ *

TPP – Canadian, Mexican auto parts makers warn of fallout G&M

TPP – Auto-Parts Dispute Taps the Brakes WSJ *



---

COMMODITIES

Aluminum – China shuffle to form world’s top producer FT

Aluminum – Collapse in premiums hits trade FT

Aluminum – Battle for survival in the new global market r *



---

ENERGY & ENVIRONMENT

Trees – Loss slows, but covers area twice size of Portugal in 2014 R *

Trees – World Has Many More Than Previously Thought WSJ *



---

HEALTH

Pharma – Short sellers keep sights trained on biotechs FT

Pharma – Impact of biosimilars in the US will be gradual WSJ *

Pharma – Drug-Industry Rule Would Raise Medicare Costs WSJ

Pharma – Drug pricing comes under the microscope FT

Pharma – Hints of a hot and frothy biotech bubble FT



---

ENDNOTE

Big brands swap logo colors kottke / ps / ps *



---




---

Today’s Issue Cluster: Nuclear Power

Japan – Abe’s sliding popularity is putting Abenomics at risk
Japan – A Sprawl of Ghost Homes in Aging Tokyo Suburbs
Cargo – Ships Take 4,000-Mile Africa Detour as Oil Prices Plunge



---

MAJOR DATA POINTS

Japan – Aug: Services PMI at fastest pace in almost two years; 53.7 from 51.2 / R

US – Aug: ISM Services Decrease; 59.0 from 60.3 / AP / cr *

US – Aug: Markit Serices Increase; 56.1 from 55.7 / R

US – Jul: Trade Gap Narrows; -$42b from -$45b / WSJ / R / cr *

US – Week: Initial Unemployment Claims Increased; +12k to 282k / B / cr



---

MARKETS

Japan – Offers resistance to global stock rout FT * *



---

ECONOMICS

Japan – Abe’s sliding popularity is putting Abenomics at risk E *



---

POLITICS & FISCAL POLICY

Russia – Oil Collapse Has Soviet Echoes WSJ *

Russia – Rise of new banks helps Kremlin keep economy afloat R

Ukraine – Costs of conflict FT * *



---

MONETARY POLICY

Fed – Beige Book: ‘Continued Expanding’ Across Most Districts WSJ / AP

Fed – History of August job revisions could muddy rate hike R

Fed – Indexes Pointing to Tightest Financial Conditions Since 2012 B *

Fed – Economists split on September rate hike b *

Fed – September or Not, Market Says One-and-Done Until Late 2016 B *



---

FINANCE

US – Market Bets Abound, but Where Are the Banks? WSJ *

US – ‘The Risk Investors Don’t Have to Worry About This Time’ WSJ *



---

REAL ESTATE

Japan – A Sprawl of Ghost Homes in Aging Tokyo Suburbs NYT *

Japan – Mitsubishi Estate Plans Tallest Building WSJ *



---

LABOR & EDUCATION

Japan – Labor shortage could limit effectiveness of stimulus N

Japan – Foreigners Increasingly Fill Workforce Gaps WSJ *



---

SERVICES

Prisons – Large Number of Inmates in Solitary Poses Problem WSJ *

Prisons – Reit investors see a buy signal in cells FT *



---

MANUFACTURING

F&B – Changing tastes churn up ice cream industry R *

F&B – Inside Kellogg’s Effort to Cash In on the Health-Food Craze WSJ *

F&B – Changing tastes spur Nestlé to take fresh approach to frozen food FT *

F&B – Subway’s Salad Days Are Past WSJ *



---

TECH

Mobiles – Apple’s Latest Challenge: Topping Its Own Success WSJ *

Mobiles – Huawei Chips Away at Samsung WSJ *

Mobiles – Samsung Takes Smartwatch Fight to Apple WSJ *



---

TRADE & TRANSPORTATION

Cargo – Air Volumes Drop, as China’s Economy Stumbles WSJ

Cargo – Crude-by-rail shows signs of life FP

Cargo – Ethane ships link US shale boom to Europe FT * *

Cargo – Ships Take 4,000-Mile Africa Detour as Oil Prices Plunge B *



---

COMMODITIES

Water – El Niño Sends Strong Signal WSJ *

Water – El Niño expected to take toll on sugar and rice prices FT

Water – El Niño: Beware the most powerful climatic phenomenon E *



---

ENERGY & ENVIRONMENT

Nuclear – Uranium perks up on Asian demand N

Nuclear – Quebec uranium report muddies science with sociology G&M *

Nuclear – Japan outlook bleak despite first reactor restart R

Nuclear – China’s second-largest generator looks expensive FT *

Nuclear – Next president will have to decide about US waste E *



---

HEALTH




---

ENDNOTE

US rough equivalents of Japan regions; same scale, same latitude reddit *



---




---

Today’s Issue Cluster: Autos

China – After 39% Rout, Stocks Still Cost Double HK Prices
China – Zombie Factories Stalk the Sputtering Economy
AVs – Google’s Driverless Cars Run Into Problem: Cars With Drivers



---

MAJOR DATA POINTS

US – Aug: Private payrolls rise misses; +190k from +177k / R / WSJ / B

US – Q2: Productivity Increases; +3.3%, +0.7% yr / WSJ / R / AP

US – Jul: Autos lift factory orders; +0.4% from +2.2% / R / AP



---

MARKETS

China – Urges companies to help shore up market FT

China – After 39% Rout, Stocks Still Cost Double HK Prices B *



---

ECONOMICS

China – Nervous mainlanders move money to Hong Kong WSJ *

China – Boosts Efforts to Keep Money at Home WSJ * *

China – Military parade adds strain to slowing economy WSJ *

China – Zombie Factories Stalk the Sputtering Economy NYT / NYT

China – Small Cities Flourish WSJ

China – Crises Put First Dents in Xi’s Power WSJ *

China – Economic Woes Echo Across Asia WSJ



---

POLITICS & FISCAL POLICY

Canada – Enters technical recession before elections FT / G&M

Canada – Cut growth projection casts cloud on election G&M

Canada – Rich but Resource-Dependent WSJ * *

Australia – Set to rack up world’s longest growth streak FT *

Australia – Sliding Into Recession? WSJ *

Australia – Posts Slowest Quarterly Growth in Four Years WSJ *



---

MONETARY POLICY




---

FINANCE




---

REAL ESTATE

China – Home prices continue to rebound WSJ *



---

LABOR & EDUCATION




---

SERVICES




---

MANUFACTURING

Autos – US: Sales Maintain Pace Despite Calendar Quirk WSJ / FT / NYT * *

Autos – US: The Bad News in Strong Sales WSJ *

Autos – US: Crackdown on Racial Bias Could Boost Costs for Loans WSJ *

Autos – US: Used-Car Wave May Weigh on Detroit WSJ *

Autos – US: Surge in Recalls Continues WSJ *

Autos – China: Foreign Car Factories Curb Output WSJ / R *

Autos – China: German Car Makers Shift Gears WSJ *

Autos – China: Premium carmakers see drama ahead FT * * * *

Autos – China: Slowing sales are a threat to shaky dealerships E *

Autos – China: Slowdown Punishes Dealers WSJ *

Autos – Russia: Falling ruble leaves carmakers with nowhere to turn R

Autos – Russia: Japan carmakers slashing production N

Autos – VW: Cost cuts will test Diess FT * * *

Autos – Tesla: ‘When does Musk crash?’ ft / WSJ / WSJ *

Autos – Toyota: Posts Record Profit, Fueled by Weak Yen WSJ *



---

TECH




---

TRADE & TRANSPORTATION

AVs – Google’s Driverless Cars Run Into Problem: Cars With Drivers NYT *

AVs – Is a Hacked Vehicle Also Defective? WSJ

AVs – Regulators prefer technologies that emphasize protection WSJ

AVs – Truckers Gain an Automated Assist WSJ *



---

COMMODITIES




---

ENERGY & ENVIRONMENT




---

HEALTH




---

ENDNOTE

Best selling car brands in Europe in 2014 am *



---




---

Today’s Issue Cluster: UK Real Estate

Hotel – Industry Fights Back Against Expedia and Priceline
Rail – Short lines find boon in parking empty tankers
Coal – Philippines’ power capacity to increase by 25%



---

MAJOR DATA POINTS

SK – Aug: Exports plunge; -14.7% / FT / WSJ / b *

China – Aug: Official Manufacturing PMI Slips; 49.7 from 50.0 / WSJ / R / AP / B / X *

EZ – Aug: Markit factory PMI eases; 52.3 from 52.4 / R

EZ – Aug: Inflation stable; 0.2% from 0.2% / AP

EZ – Jul: Joblessness Lowest Since 2012; 10.9% from 11.1% / FT / B *

Canada – Q2: Enters recession; -0.5% from -0.8% / FT / R / AFP / G&M / FP / CBC

US – Aug: ISM Manufacturing Index Falls; 51.1 from 52.7 / WSJ / R

US – Aug: Markit factory PMI slowest since 2013; 53.0 from 53.8 / R

US – Jul: Construction spending rises to seven-year high; +0.7% from +0.7% / R



---

MARKETS

Currencies – Investors wake up to EM risk FT *

Currencies – Global trade damaged by EM weakness FT / FT *

Currencies – China’s Two-Yuan Dilemma WSJ *

Currencies – Either a return to peg or further devaluation FT *



---

ECONOMICS

Africa – Survey data point to robust growth FT * *

Africa – China turbulence casts shadow FT * *

Africa – Main road corridors and Ports / wb * *

Africa – Oil resources by corporate ownership / bm *

South Africa – Contraction of economy raises fears of recession FT * *

Nigeria – Central bank governor dismisses calls to devalue naira FT * *

Nigeria – Investors rattled by delays on economic plans FT * *

Ghana – World-beating currency seen as loser in long run b *

Kenya – Bad News Dims Star Power WSJ *

Zimbabwe – Change Comes, Replacing US Dollars WSJ *



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY




---

FINANCE




---

REAL ESTATE

UK – Two-speed housing market returns FT

UK – Highflying Central London Comes Down to Earth WSJ / WSJ * *

UK – Foreign buyers undeterred by London sell-offs FT / FT * * *

UK – Foreign criminals push up London house prices FT

UK – Call for greater transparency in prime London property deals FT *



---

LABOR & EDUCATION




---

SERVICES

Hotel – Industry Fights Back Against Expedia and Priceline NYT

Hotel – Industry Assails Expedia-Orbitz Deal WSJ *

Hotel – Online Travel Sites Battle For Share: Spare Room Anyone? IBD

Hotel – Bedbugs: A Nightmare for the Industry A *



---

MANUFACTURING




---

TECH




---

TRADE & TRANSPORTATION

Rail – Coal slump weighs on Union Pacific FT

Rail – Slump in oil shipments boosts car storage business AP

Rail – Abundant grain trains available for harvest AP

Rail – Short lines find boon in parking empty tankers R *



---

COMMODITIES




---

ENERGY & ENVIRONMENT

Coal – China, US seek ‘clean coal’ agreement as industry struggles AP

Coal – What Cheap Gas Did to Tens of Thousands of Jobs B * *

Coal – ‘The Trick That’s Going to Keep US Industry Alive’ B

Coal – Suppliers Feel Pain as Miners Struggle WSJ

Coal – Philippines’ power capacity to increase by 25% R *



---

HEALTH




---

ENDNOTE

London’s postcodes, as originally designed in 1856 motw *



---




---

Today’s Issue Cluster: Oil

Stocks – China reporter confesses to stoking ‘panic and disorder’
US – Unions set sights on e-commerce and manufacturing
EMs – Countries Most Dependent on China



---

MAJOR DATA POINTS

Japan – Jul: Industrial Production Unexpectedly Declines; -0.6% from +1.1% / B

India – Q2: Economy grew; +7.0% from +7.5% / AFP

EZ – Aug: Weak inflation revives QE debate; +0.2% from +0.2% / B / FT *



---

MARKETS

Stocks – Beijing abandons large-scale share purchases FT / WSJ *

Stocks – China reporter confesses to stoking ‘panic and disorder’ FT / WSJ / NYT / R / WSJ

Stocks – ‘China Has Another 15% to Fall’ Bn *

Stocks – China options most bearish on record b *



---

ECONOMICS

EMs – Rising US rates ‘good news’ FT *

EMs – Portfolio flows turn negative in August, says IIF FT * *

EMs – Signs of differentiation in the meltdown FT *

EMs – Countries Most Dependent on China BB *



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY

Fed – Appears to Hold Line on Rate Plan WSJ / FT

Fed – Fischer: ‘Good Reason’ to Think Inflation Will Move Higher FT / WSJ / NYT / R / B



---

FINANCE

Asia – China’s Banks Face Worst Year in Over a Decade WSJ

Asia – Beware China’s Beaten-Down Banks WSJ *

Asia – Harder Times Await Investment Banks WSJ *



---

REAL ESTATE




---

LABOR & EDUCATION

US – Ruling Clears Way for Temp and Contract Worker Unions WSJ

US – Unions set sights on e-commerce and manufacturing R



---

SERVICES

Online – Alibaba, JD.com Target Rural China for E-Commerce Growth WSJ *

Online – Alibaba Faces Fresh Threat From Rivals WSJ *



---

MANUFACTURING




---

TECH

Mobiles – China’s Moves Won’t Help US Tech Firms WSJ *

Mobiles – China turmoil rings alarm for smartphone makers FT *

Mobiles – China Slowdown’s Next Victim: Asian Parts Suppliers WSJ *



---

TRADE & TRANSPORTATION




---

COMMODITIES




---

ENERGY & ENVIRONMENT

Oil – Prices Fall on Less Gas Demand, Growing Glut WSJ *

Oil – Exploration Companies Scramble to Cut Costs WSJ *

Oil – Companies Face Prospect of Lower Refining Profits WSJ *

Oil – Investors fear EU energy groups will slash dividends FT * * *

Oil – Crash creates opportunities for service industry deals FT *

Oil – US glut heads north as traders scramble for storage R *

Oil -‘Market loses faith in Saudi strategy’ R *

Oil – Drop Puts Spotlight on Saudi Arabia WSJ / B *

Oil – Price drop leads to renewed speculation on Saudi riyal FT * *

Oil – Iran’s output plans put focus on Opec strategy FT

Oil – ‘Lessons from the lost decade’ r *

Oil – China’s Giants Don’t Fit Into New World WSJ *

Oil – Why China’s Thirst Can’t Lift Prices WSJ *

Oil – China increasingly re-exporting its crude WSJ *

Oil – Eni discovers ‘supergiant’ gasfield near Egypt FT / WSJ *

Oil – Nostalgia lingers for when the UK was considered a power FT *

Oil – What $40 Level Means for the US Economy B * *



---

HEALTH




---

ENDNOTE

Ubers and cabs mostly serve same neighborhoods 538 *



---




---

Today’s Issue Cluster:




---

MAJOR DATA POINTS




---

MARKETS

China – Investors Pile Into Bonds WSJ *

China – Why stock market implosion might not be very meaningful ft *



---

ECONOMICS

China – Will Respond Too Late to Avoid Recession, Citigroup Says B

China – Exporters run for high ground as growth story unravels R / B *

China – Falters, and the Global Economy Is Forced to Adapt NYT *

China – Devaluation stirs deflation fears FT

China – Taking a tumble E * *

China – Economic Upheaval Mints Winners and Losers WSJ *

China – S&P 500 generate little revenue MW *

China – Market Turmoil Seen Spurring Property Purchases Overseas WSJ *

China – Turbulence Exposes Risks to Europe’s Growth WSJ *

China – Slowdown is latest threat to Abenomics FT *

China – India Stands to Benefit From Slowdown, Global Reaction WSJ / B * *

China – How Brazil’s Bejiing-Driven Commodities Boom Went Bust WSJ * *



---

POLITICS & FISCAL POLICY

Russia – Sanctions Bite Massive Gas Project in Arctic WSJ *

Russia – ‘The path to penury’ E *

Russia – Files UN claim over vast swathe of Arctic AFP *

Ukraine – Secures debt deal for war-ravaged economy FT / WSJ / NYT / R / WSJ * * * * *

Ukraine – Deal is less impressive than it appears E *



---

MONETARY POLICY

Fed – Overseas Bankers, Officials Urge Bank Not to Waver WSJ

Fed – Strong US growth in Q2 poses rate conundrum FT / WSJ / r b *

Fed – China official blames Bank for global market rout, not yuan R



---

FINANCE




---

REAL ESTATE




---

LABOR & EDUCATION

China – Considering Shift Placing Population Growth Before Economy B * *



---

SERVICES




---

MANUFACTURING




---

TECH

Telecoms – US Cell Carriers Battle for Wi-Fi Airwaves WSJ *

Telecoms – EU Agrees to Scrap Roaming Charges WSJ / NYT



---

TRADE & TRANSPORTATION




---

COMMODITIES




---

ENERGY & ENVIRONMENT

Carbon – Countries Slow to Pledge Emissions Cuts WSJ *

Carbon – US states seek to halt Obama plan FT

Carbon – Study claims China emissions lower than expected FT / NYT / B *

Carbon – World Bank aims to stop oil wells flaring FT *



---

HEALTH




---

ENDNOTE

Tennis court surfaces r *



---




---

Today’s Issue Cluster:




---

MAJOR DATA POINTS




---

MARKETS

Currencies – Crisis takes toll N *

Currencies – South Africa rules out defense of rand FT * *

Currencies – Renminbi looms large behind latest China easing FT

Currencies – With Yuan Down, Dim Sum Debt Loses Favor WSJ *

Currencies – EM Risk Shifts to Lenders WSJ *



---

ECONOMICS

EMs – These Companies Are Being Stifled by $23b Worth of Debt B * *

EMs – Debt steers clear of turbulence FT

EMs – Rout ‘different’ from crises of 1997-98 FT / WSJ * * *



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY

Fed – Bets On a Delay Could Be Premature NYT

Fed – Rate rise falls rapidly down the probability scale FT *



---

FINANCE

Insurance – UK searches for reasons behind surge in motor claims FT

Insurance – Confusion clouds EU efforts to bolster capital FT

Insurance – Cyber: trying to quantify risks b *



---

REAL ESTATE

Australia – Orders More Foreign Homeowners to Sell WSJ

NZ – Global investors beat path to property market N *

Canada – Chinese buyers making mark on Vancouver’s luxury housing G&M



---

LABOR & EDUCATION




---

SERVICES

Gaming – Online: Paddy Power and Betfair back ‘a winner’ FT / WSJ * *

Gaming – Macau: Profits at 6 biggest casino operators fall 40% FT / N

Gaming – Las Vegas: Viva again E *



---

MANUFACTURING

F&B – Water is on track to outsell soda by 2017 WSJ *

F&B – Beverage Companies Face Watered-Down Industry Trends IBD



---

TECH

Streaming – Netflix Viewership Finally Gets a Yardstick WSJ *

Streaming – Netflix Stars In TV Drama Vs. Old Media IBD



---

TRADE & TRANSPORTATION




---

COMMODITIES

Metals – Molycorp to Suspend Rare Earths Production at California Mine WSJ

Metals – Iron the Latest Victim of China’s Pollution Problem WSJ *

Metals – Tin stands out in the commodities rout r *

Metals – Aluminum, nickel production holding up N *



---

ENERGY & ENVIRONMENT

NatGas – US glut prompts price warning FT

NatGas – LNG Makes Qatar an Energy Giant NYT



---

HEALTH

Insurance – Companies Win Big Health-Rate Increases WSJ *

Insurance – Obama Urged States to Cut Big Rate Increases NYT



---

ENDNOTE

11 Of The World’s 20 Largest Hotels Are In Las Vegas dv *



---




---

Today’s Issue Cluster: Shale

China – Drop in Yuan Caught Businesses Off Guard
China – Questions over Li’s future amid market turmoil
China – ‘Weirdly stable unemployment rate’



---

MAJOR DATA POINTS




---

MARKETS

China – Traders Increase Bets Against Yuan WSJ *

China – Drop in Yuan Caught Businesses Off Guard WSJ / b * *

China – Market slide is vindication for growling bears FT *

China – Challenges spark fears, but not panic FT *



---

ECONOMICS

China – The World Struggles to Adjust to ‘New Normal’ WSJ *

China – Economy a Black Box WSJ *



---

POLITICS & FISCAL POLICY

China – Questions over Li’s future amid market turmoil FT



---

MONETARY POLICY

PBOC – China Eases but Stench of Crisis Remains WSJ *

PBOC – Bank Under Pressure to Do More B / WSJ / WSJ



---

FINANCE

World – Titans retreat FT *



---

REAL ESTATE




---

LABOR & EDUCATION

China – ‘Weirdly stable unemployment rate’ ft / ft

China – Trying to count the jobless e *



---

SERVICES

China – Consumers appear unfazed by market rout FT

China – Fears about spending have driven luxury stocks down FT *

Asia – Consumer Spending Won’t Come to Rescue WSJ *



---

MANUFACTURING




---

TECH




---

TRADE & TRANSPORTATION

World – This year is worst for trade since crisis FT



---

COMMODITIES

China – Remains a Key Commodities Player, Despite Waning Appetites WSJ *

China – Glut of Steel Looms Large WSJ *



---

ENERGY & ENVIRONMENT

Shale – Firms turn to private equity R *

Shale – Firms slide deep into the red on low prices r *

Shale – The impact low prices are having on output / b *

Shale – ‘Frack now, pay later,’ top services companies say R

Shale – Oil at $30 No Problem for Some Cost-Cutting Bakken Drillers B

Shale – Low Prices Pose Threat to Texas Fracking Bonanza NYT

Shale – ‘Producers lack the majors’ ability to remain afloat in glut’ BW *

Shale – Frackers turn to toilet water in drought-prone TX R

Shale – ‘Sewage flow becomes Williston’s bust indicator’ R *

Shale – UK Offers New Onshore Blocks for Shale Development WSJ

Shale – Total drops well in Denmark AP

Sands – Canadian Producers Struggle WSJ / FT / WSJ

Sands – 1st US mine set to open for business in UT AP



---

HEALTH




---

ENDNOTE

The new religious breakdown in China bi *



---




---

Today’s Issue Cluster: Europe

Air – Fares Fall by the Most in Nearly Two Decades
Alt – Solar: Having a great year, except on Wall Street
MERS – New Surge of Infections Hits Saudi Arabia



---

MAJOR DATA POINTS

Germany – Aug: Ifo sentiment not worried about China, yet; 108.3 from 108.0 / AP / AFP

South Africa – Q2: Economy contracts, weakens case for rate hikes; -1.3% from +1.3% / R / AFP

US – Jun: Case-Shiller Home Price Growth Flat; +4.5% from +4.4% / WSJ / R / AP / B *

US – Jul: New-home sales rebound; +5.4% from -7.7% / B / WSJ / AP *

US – Aug: ConfBd consumer confidence jumps; 101.5 from 91.0 / R

US – Aug: Markit services growth slows; 55.2 from 55.7 / R



---

MARKETS

Stocks – China Stocks Tumble WSJ / B *

Stocks – China cuts rates FT / WSJ / R / AP / NYT / B *

Stocks – Asia diverges as Chinese stocks slide again FT / q *

Stocks – US Surges as Global Markets Rebound WSJ / FT / NYT *

Stocks – Markets slid after China’s ‘Black Monday’ FT / WSJ *

Stocks – Investors Grasp for Answers WSJ *

Stocks – EMs Hit Hard as Global Rout Continues WSJ / FT *



---

ECONOMICS

EU – Markets Storm Leaves Euro High and Dry WSJ / FT *

EU – Market Turmoil, China Fears Roil Game Plan for Recovery WSJ *

UK – Economy weathering EM turmoil but clouds gather FT * *

Italy – Highest level of dealmaking since 2007 FT * *

Spain – Growth has returned, but dangers still lurk E / NYT *

EZ – Crisis Nations Leave Greece Behind WSJ * *



---

POLITICS & FISCAL POLICY

Greece – Inches Toward Election WSJ

Greece – Dismal Debt Outlook Raises Pressure on EU Creditors WSJ *

Greece – Rebuilding Bonds With New Bailout WSJ *

Greece – Faces Two-Year Recession Amid Bailout Cuts WSJ *

Greece – Comparison With US Bailout NYT * *

Greece – Eurozone Sovereign Snapshot / fitch *



---

MONETARY POLICY

ECB – Will Welcome Higher Core Inflation WSJ *

ECB – Falling demand for inflation-linked bonds shows investor doubts R *

BOE – Optimism on near-term growth signals 2016 rate rise FT *



---

FINANCE

EU – Banks Yard Sale Gathering Pace WSJ * *



---

REAL ESTATE

Ireland – Recovery exposes acute housing shortage FT *



---

LABOR & EDUCATION

Germany – Young people wanted FT * *

Germany – Unease remains over labor reforms FT * *

Italy – More workers survive on short-term contracts FT *

UK – Jobs prospects brighten as apprentices fill skills gap FT * *

UK – Trains ‘too many hairdressers, and not enough bricklayers’ FT * * *

Spain – The political cost of recovery FT * *



---

SERVICES




---

MANUFACTURING




---

TECH




---

TRADE & TRANSPORTATION

Air – Fares Fall by the Most in Nearly Two Decades wsj *

Air – US-China aviation talks stumble on airport access R *



---

COMMODITIES




---

ENERGY & ENVIRONMENT

Alt – Solar: US Unveils Measures to Encourage Use FT / NYT / AP

Alt – Solar: Having a great year, except on Wall Street R

Alt – Solar: Next Texas Energy Boom WSJ *



---

HEALTH

Flu – Scientists make breakthrough in search for vaccine FT

MERS – New Surge of Infections Hits Saudi Arabia NYT



---

ENDNOTE

Language Voted Most Useful in the EU jm *

Language Voted 2nd Most Useful in the EU jm *



---




---

Today’s Issue Cluster: Stocks




---

MAJOR DATA POINTS




---

MARKETS

Stocks – China in morning freefall as pension fund rules fail to inspire R / FT / WSJ / R / FT

Stocks – China to Flood Economy With Cash WSJ / WSJ * *

Stocks – China-led market distress echoes taper tantrum FT *

Stocks – Beijing Picks the Winners WSJ *

Stocks – China Hits Hard B * * * *

Stocks – US Plunge Picks Up Speed WSJ / WSJ *

Stocks – Rout Is Turning Wall Street Upside Down WSJ / WSJ *

Stocks – Turmoil leaves tech sector exposed FT

Stocks – Housing Offers a Ray of Hope WSJ

Stocks – ‘Advice After Drop: Don’t Do a Thing’ NYT / B / Bn *

Stocks – EM turmoil FT * * *



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ECONOMICS




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POLITICS & FISCAL POLICY




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MONETARY POLICY

Fed – Has a Theory; Trouble Is, the Proof Is Patchy WSJ *

Fed – Looking at a Very Different Dollar Than Wall Street B * *



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FINANCE




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REAL ESTATE

China – Property Developers Get Financing With Ease WSJ *



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LABOR & EDUCATION




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SERVICES

Cigs – Tobacco Makers Seek to Slim Down Brands WSJ

Cigs – Better economy has smokers buying more Marlboros AP

Cigs – Consumption by Country / mtow *



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MANUFACTURING




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TECH




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TRADE & TRANSPORTATION

Truck – Study Finds Shortage of Parking a ‘Safety Concern’ WSJ

Truck – Companies deck out rigs to stem driver exodus B *



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COMMODITIES




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ENERGY & ENVIRONMENT

Oil – Prices Dip Below $40 WSJ / FT / B *

Oil – Refinery Woes Stall Gasoline Price Drops WSJ *

Oil – How much longer can Saudi economy hold out? B * *

Oil – Iran to raise output ‘at any cost’ to defend market share B

Oil – Crime Soars in Southern Iraq WSJ *

Oil – Kurds defy Iraq to establish own sales FT * *



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HEALTH

Pharma – Heart Drug Linked to Extra Years for Cancer Patients WSJ

Pharma – Cancer: The New Cure Bn *



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ENDNOTE

Car Ownership Rates By Manhattan Neighborhood motw *



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