24 July 2015

July 23rd, 2015



Today’s Issue Cluster: Africa

Tourism – Becoming immune to terrorist attacks?
Sands – Utah set to be home of first US mine project FP
H5N2 – Bird flu vaccine works on chickens; testing on turkeys


MAJOR DATA POINTS

China – Jul: Markit Factory Activity Slows to 15-month low; 48.2 from 49.4 / WSJ / AP *

EZ – Jul: Markit’s Composite Flash PMI Fell; 53.7 from 54.2 / R / t *

US – Jul: Markit factory activity inches up; 53.8 from 53.6 / R

US – Jun: New home sales fall to seven-month low; -6.8%, +18.1% yr / R / B / WSJ / cr *


MARKETS

Bonds – Markets out of kilter with rate reality FT * *

Bonds – Why Investors Shy Away From China’s $6.4t Market WSJ *

Bonds – Russia joins inflation-linked club FT *

Bonds – Europe’s High-Yield Market Begins Recovery WSJ *

Bonds – No sign yet of Greece’s finishing line FT *

Bonds – Companies rush to sell debt before August break FT * *

Bonds – ‘Jumbo’ deals help address liquidity concerns FT * *


ECONOMICS

Africa – Where Obama treads US business plans to follow FT *

Africa – ‘Obama has not paid the continent enough attention’ E *

Africa – China’s Road Lifts Investment, Adds Debt Risk b *

Nigeria – ‘Has a rare chance to turn itself round’ E

Nigeria – Violence, mainly in the north, has exacerbated problems E *

Nigeria – Diaspora a source of money, markets, skills and ideas E *

Nigeria – Population has been systematically exaggerated E *

Nigeria – Economy is beginning to diversify E *

Ghana – Counts cost of public pay overruns and export rout FT * *

Ghana – Power shortages cut growth prospects FT / FT *

South Africa – In the grip of stagflation FT *

South Africa – Stocks Soar as Economy Stumbles WSJ *

South Africa – Equity market power scrutinised FT *

South Africa – Tourism ‘crisis’ after visa rules changed FT * *

Ivory Coast – Buzzing Abidjan puts on road to revival FT *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

Africa – Makes Leap in Cross-Border Mobile Payments WSJ *


REAL ESTATE



LABOR & EDUCATION



SERVICES

Tourism – Becoming immune to terrorist attacks? q *

Tourism – Young Chinese hands drive surge in overseas travel CD *

Tourism – Japan receives more tourists than it sends abroad FT *


MANUFACTURING

Drones – ‘Isis plotting to bomb crowds at major British events’ Express

Drones – Next Step: Defending Against Them WSJ *


TECH

Silicon Valley – ‘Boom will not end in a repeat of the dotcom crash’ E * *

Silicon Valley – European tech in the shadow FT * * * *


TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT

Sands – Utah set to be home of first US mine project FP

Sands – Falling Crude Prices Upend Canada’s Projects WSJ *

Sands – Pushed to the sidelines in new Canada energy strategy FP

Sands – How a Chinese Company Slipped in Canada WSJ *


HEALTH

H5N2 – USDA secretary not ready to declare bird flu outbreak over AP / AP

H5N2 – First Iowa farms hit by bird flu nearing restocking time AP

H5N2 – Bird flu vaccine works on chickens; testing on turkeys AP


ENDNOTE

Silicon Valley Nudging Northward Over Time e *


23 July 2015

July 22nd, 2015



Today’s Issue Cluster: Currencies

Auto – Shale glut turbocharges America’s motoring revival
Aluminum – China, the giant that’s still growing
Gasoline – Lower oil prices? Not for Europe


MAJOR DATA POINTS

SK – Q2: Growth falls to 2-year low; +2.2% / FT *

EZ – Jul: Greek Crisis Weakens Consumer Confidence; -7.1 from -5.6 / WSJ / b *

US – Jun: Conference Board leading indicators rose; +0.6% from +0.8% / AP / R

US – Week: Jobless Claims Fall To Lowest Level Since 1973; -26k to 255k / WSJ / R / B / cr *


MARKETS

Currencies – Divergence in Asia b * *

Currencies – Control of the yuan could set back broader use WSJ *

Currencies – Renminbi’s flexible rate — 10 years on FT * * * *

Currencies – As Commodities Tumble, Asia-Pacific Grasps for Growth WSJ *

Currencies – Oil-Sensitive Countries Hit by Commodity Slump WSJ *

Currencies – Loonie hit by China and oil woes FT *

Currencies – Plunging loonie means inflation in store cbc *

Currencies – Commodity Rout Lowers Kiwi, Aussie, Loonie B *

Currencies – LatAm feels more pain FT / WSJ * * * *

Currencies – Mexico’s falling peso: not (necessarily) about risk aversion FT *

Currencies – Harley-Davidson hits headwinds of strong dollar FT

Currencies – The Rise of The Mighty Pound B / FT *

Currencies – BOE Caution Fails to Take Shine Off Sterling WSJ / FT / WSJ *


ECONOMICS



POLITICS & FISCAL POLICY



MONETARY POLICY

BOE – More MPC members edge towards vote for rate rise FT / FT

BOE – Bound to follow US’s move FT *


FINANCE



REAL ESTATE



LABOR & EDUCATION



SERVICES

Ads – Ad Blockers, Internet Advertisers Play Cat and Mouse WSJ *

Ads – Publishers Face Moving Target in Mobile WSJ *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

Auto – Vehicle Miles Driven increase 2.7% / cr *

Auto – Shale glut turbocharges America’s motoring revival FT * * *


COMMODITIES

Metals – What’s Driving the Commodity Index Lower B *

Metals – Gold Rout Spreads to Copper, Tin and Zinc B / FT * * *

Platinum – Approaching crunch time FT

Palladium – Under siege but strong fundamentals may end carnage R *

Copper – Another Bad Omen for the Commodities Meltdown B *

Nickel – Bucks the trend of slower Chinese metal imports r * *

Aluminum – China, the giant that’s still growing r * *

Iron – Giants’ Push for Ore Tests Mettle of Smaller Miners WSJ *


ENERGY & ENVIRONMENT

Diesel – Prices Tank Amid Global Glut WSJ * *

Gasoline – Refiners Can Keep Floating on Cheap Oil WSJ *

Gasoline – CA drivers pay dearly for refinery problems r *

Gasoline – Lower oil prices? Not for Europe R *


HEALTH

Insurance – Anthem Nears Deal to Buy Cigna for $48b WSJ / R / NYT *

Insurance – Rush to consolidate after Obamacare ruling FT / IBD * *


ENDNOTE

Most spoken languages in the US States (after English and Spanish) DieWelt *


22 July 2015

July 21st, 2015



Today’s Issue Cluster: China Markets



MAJOR DATA POINTS



MARKETS

China – Takes stock as market dust settles FT *

China – Market Thinned as It Plunged WSJ * *

China – Thawing, yet still very worthy of scare quotes, “market” ft / B *

China – World’s Wildest Stock Market Submits to Communist Party Rule B *

China – Despite Beijing’s Big Push, Investors Remain Wary WSJ *

China – A Bad Casino, Hedge Fund Managers Say WSJ / FT / B

China – Hunt for short-sellers tests legal boundaries FT *

China – Cooling Dents Major Driver of Economic Growth NYT *


ECONOMICS

China – Economy Shows Few Signs of Revival WSJ *

China – S&P warns of credit risk FT *

China – For Many Firms, ‘New Normal’ Spells Doom WSJ *

China – Corporate debt threat R *

China – The Next Japan? B * *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

China – Looks to Regulate Internet Finance WSJ / FT / X


REAL ESTATE

China – Investors flock to sell properties, cancel contracts N

China – Buying Up Sydney’s Skyscrapers B * *


LABOR & EDUCATION

China – Will later retirement spell end for ‘dancing grannies’? N *

China – Employment is set to fall this year / ft *


SERVICES



MANUFACTURING



TECH

Mobiles – Apple iPhone Sales, Up 35%, Disappoint WSJ / FT / NYT / R / B * * * * * *

Mobiles – Doubts remain over prospects of Apple Watch FT / NYT / WSJ

Mobiles – iPad sales tumble to four-year low zdnet *


TRADE & TRANSPORTATION

AVs – Hackers Remotely Kill a Jeep on the Highway — With Me in It Wired / WSJ / R / nyt / wsj *

AVs – Detroit is trying to take mantle from Silicon Valley B / WSJ *

AVs – UK aims to be destination of choice for testing FT

AVs – Google to Test Bubble-Shaped Cars NYT / B *

AVs – Nevada approves autonomous Daimler trucks FT / FT *


COMMODITIES



ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

How Far Can Your Country’s Highest Denomination Bill Take You? dv *


21 July 2015

July 20th, 2015



Today’s Issue Cluster: Shipping

Fed – Most Economists Expect Rate Hike in September
US – Asians start to dominate the ‘fourth wave’ of immigrants
Pharma – Industry Thinks It Finally Has a Fix for Migraines


MAJOR DATA POINTS



MARKETS



ECONOMICS

US – Cheap Oil Should Fuel Economy at Last WSJ *

US – Inflation Is Low, but Consumers Still Feel a Pinch WSJ *

US – Distressed Communities Index / eig *


POLITICS & FISCAL POLICY

US – Inflation’s Steady Tick Poses Headaches in Congress WSJ *

US – End to Taxation of Overseas Profit Finds Bipartisan Support NYT

US – Clinton to Push Revamp of Capital-Gains Tax Rates WSJ / AP *

US – Clinton economic plan: The kitchen sink e *


MONETARY POLICY

Fed – Most Economists Expect Rate Hike in September wsj *


FINANCE

US – Fed calls for $200b of extra capital buffers WSJ / FT / R / NYT / AP *

US – Banks prepare for lending revival FT *


REAL ESTATE

US – Bidding Wars Return to Home Market WSJ *

US – Rising Rents Won’t Inflate Fear at Fed WSJ *

US – Increase in Apartment Construction Isn’t All Good News B / WSJ *

US – Commercial property hotspot draws Fed attention FT * * *

US – Reis: Mall Vacancy Rate unchanged in Q2 cr *


LABOR & EDUCATION

US – Some Republican hopefuls want curbs on legal immigration R *

US – Asians start to dominate the ‘fourth wave’ of immigrants N * * *

US – Landing on their feet, and in the boardroom N * *

US – Building Afromerica: America’s fastest-growing migrant group E *


SERVICES



MANUFACTURING



TECH

Silicon Valley – Growth-Starved Investors Bid Up Shares WSJ *

Silicon Valley – How to short ‘unicorns’ FT *


TRADE & TRANSPORTATION

Ship – LA Port Traffic Shows Weakness in June cr *

Ship – West Coast Ports’ Import Share Falls in Wake of Slowdown WSJ

Ship – Chinese Imports Bypassing West Coast Ports WSJ

Ship – Savannah makes waves as it lures shipping FT

Ship – US Leather Industry Takes a Beating From West Coast Delays WSJ

Ship – Crude supertanker operators cash in on oil market rout FT * *

Ship – Greek maritime industry fears being punished for its success FT *

Ship – Russia Makes Bid for Arctic Lane Even as Oil Prices Slip MT

Ship – Sri Lanka becoming global distribution hub N * *


COMMODITIES



ENERGY & ENVIRONMENT



HEALTH

Pharma – Fresh hope of a treatment for Alzheimer’s FT * * *

Pharma – Alzheimer’s Drug Is a Big Bet for Lilly WSJ / WSJ *

Pharma – Recovery Runs Low on Interest WSJ *

Pharma – Industry Thinks It Finally Has a Fix for Migraines B *


ENDNOTE

200 Years of US Immigration bm *


20 July 2015

July 19th, 2015



Today’s Issue Cluster: Oil

Japan – Abe’s Inflation Hits Households
WTO – Deal reached on cuts to global IT tariffs
Gold – Continues Sliding, Hits 5-Year Low


MAJOR DATA POINTS

EZ – May: Current account surplus narrows; +€18b from +€24b / MW *


MARKETS

Japan – ‘Time to Buy Blue Chips’ Bn *


ECONOMICS

Japan – BOJ downgrades GDP and inflation forecasts FT / AFP

Japan – Abe’s Inflation Hits Households B * * *


POLITICS & FISCAL POLICY

Japan – Abe’s polls plummet after defense bills pass R / WSJ / FT / NYT / AP / B


MONETARY POLICY

World – Divergence in monetary policy is still the big theme for 2015 WSJ * *


FINANCE



REAL ESTATE

Japan – REIT market gets the ‘death cross’ R *


LABOR & EDUCATION

Japan – Funding the Retirement of the Oldest Wealthy Nation WSJ *


SERVICES

Retail – Property: lease worst scenario FT *

Retail – Pressure to Sell the Land Beneath Them WSJ *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

WTO – Deal reached on cuts to global IT tariffs FT / B / R


COMMODITIES

Gold – Heads for Five-Year Low as Traders Brace for Higher Rates WSJ / B *

Gold – Continues Sliding, Hits 5-Year Low WSJ / FT / FT / B *

Gold – China breaks 6-year silence on reserves FT / WSJ / R / B * *


ENERGY & ENVIRONMENT

Oil – Investors Get Caught in Slippery Wake WSJ *

Oil – For Asia’s Consumers, It’s a Buyer’s Market WSJ / WSJ / WSJ * *

Oil – Iran: The multibillion-dollar ‘candy store’ FT * * * *

Oil – ‘Iran needs time and favorable conditions to boost output’ r *

Oil – Iran’s possible production response r * * * *

Oil – History Shows Iran Could Surprise the Market B / b * * * *


HEALTH



ENDNOTE

Just time zones cwob *


17 July 2015

July 16th, 2015



Today’s Issue Cluster: UK Real Estate

Air – What Does It Take to Prove Airline Collusion?
Cocoa – N. American grind falls to 2-1/2-year low
Nuclear – Plant Closing Reflects Overhaul of German Energy Production


MAJOR DATA POINTS

US – Jul: UMich Consumer Sentiment decreases; 93.3 from 96.1 / cr *

US – Jun: Consumer Prices Rose; +0.3%, +0.1% yr / WSJ / R

US – Jun: Housing Starts Rose; +9.8% from -10.2% / WSJ / R / cr *


MARKETS

Biotech – US bull run sets scorching pace FT / FT * * *

Venture Capital – Investments Hit $19b in Q2 WSJ *


ECONOMICS

Brazil – Retail sales shine light on economy’s decline FT * *

Brazil – The End of the Road for Mortgage Boom b * * *

Brazil – Budget axe falling too heavily on us, say businesses FT * *


POLITICS & FISCAL POLICY

Brazil – Jolted by Probe of Ex-Leader ‘Lula’ WSJ / FT


MONETARY POLICY



FINANCE



REAL ESTATE

UK – House prices rise with few properties on market FT / ft / FT * *

UK – Residential prices rise e * *

UK – London’s luxury homes bubble loses air FT * * *

UK – Mortgages cheapest on record FT *

UK – Mortgage approvals signal pick-up in housing activity FT * *

UK – Osborne plans ‘non-dom’ tax crackdown FT / FT / FT

UK – London faces council housing wipeout FT / FT * *

UK – Church of England and Crown Estate Braced for Cooling London WSJ *

UK – Lack of brownfield data hampers London housebuilding FT

UK – Housebuilding on protected greenbelt soars FT

UK – Planning system faces shake-up in productivity drive FT / FT / FT

UK – The £24b Property puzzle FT * * *


LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH

Chips – Gear Makers Coming Back Into Season WSJ

Chips – Intel chief raises doubts over Moore’s Law FT / WSJ / FT

Tech – Silicon Valley Doesn’t Believe US Productivity Is Down WSJ *


TRADE & TRANSPORTATION

Air – What Does It Take to Prove Airline Collusion? B *

Air – India’s Biggest Airline May Carry a Go-Go Price WSJ *

Air – On Asia’s Flights, Potentially Dangerous Mistakes Go Unreported WSJ * *

Air – New Normal: More Seats, Fewer Flights WSJ *


COMMODITIES

Cocoa – Ghana expects recovery in output to follow shortfall FT

Cocoa – Ageing farmers pose risk for Ghana industry FT *

Cocoa – N. American grind falls to 2-1/2-year low R *


ENERGY & ENVIRONMENT

Nuclear – Long-delayed plant in Tennessee nears completion AP

Nuclear – France moves to salvage key reactor sector AFP / FT

Nuclear – Plant Closing Reflects Overhaul of German Energy Production NYT

Nuclear – UK industry confident over long-term prospects FT *

Nuclear – Japan’s Plutonium Stockpile Creates a Headache WSJ *

Nuclear – Emissions goal may help Japan advocates N *


HEALTH



ENDNOTE

The Most Nightmarish Patent for Plane Seating Ever wired / bi * *


16 July 2015

July 15th, 2015



Today’s Issue Cluster: Saudi Arabia

Greece – Might Be Better Off Outside Eurozone, Germany Says
Rubber – China factors send market seesawing
Pharmacies – Specialty Stores Proliferate, Along With Questions


MAJOR DATA POINTS

US – Jul: NAHB Home-Builder Confidence At Highest Level in Nearly a Decade; 60 from 60 / WSJ / cr *

US – Week: Applications for jobless aid fall; -15k to 281k / AP / B / WSJ / R


MARKETS

Bonds – ECB’s buying challenges covered bonds FT * *

Bonds – Treasury trading swept up in rapid change FT *


ECONOMICS

Saudi Arabia – The Cold War With Iran Heats Up fp / DT

Saudi Arabia – The Saudi succession: A palace coup e *

Saudi Arabia – Restructures oil sector FT

Saudi Arabia – Thirst for Domestic Oil Swells WSJ

Saudi Arabia – Burns through foreign reserves FT *

Saudi Arabia – Puts Squeeze on Foreign Workers WSJ *

Saudi Arabia – The challenged kingdom E * * * *

Saudi Arabia – Business Opening Drives Social Changes WSJ *


POLITICS & FISCAL POLICY

Greece – ECB Weighs Emergency Funding After Tsipras Wins Vote FT / WSJ / B / NYT / R

Greece – EU agrees on €7b bridge loan FT / WSJ / NYT

Greece – Might Be Better Off Outside Eurozone, Germany Says NYT / FT / AP / bruegel *

Greece – Third rescue met with widespread scepticism FT * *

Greece – IMF signals it could walk away from bailout deal FT / WSJ / NYT / B

Greece – Sinking feeling for bondholders FT *

Greece – Reforms Would Face Political Legal Backlash in Germany WSJ / B *

Greece – Crisis Dulls Appetite for Euro in Countries Waiting to Adopt It NYT


MONETARY POLICY



FINANCE



REAL ESTATE



LABOR & EDUCATION

US – Fed’s Beige Book Offers Hints of Rising Wages WSJ

US – LA Garment Industry Frets Over Pay Hike WSJ *

US – Union Talks With Auto Makers to Focus on Tiered Pay WSJ * *


SERVICES

Online – How 20 Years of Amazon Changed Retail WSJ *


MANUFACTURING



TECH

Streaming – Netflix dashes past 65m subscriptions FT / WSJ *

Streaming – Google Takes On Pandora WSJ


TRADE & TRANSPORTATION



COMMODITIES

Palm Oil – Malaysian heavyweights look overseas for growth N *

Rubber – China factors send market seesawing N *


ENERGY & ENVIRONMENT

Alt – Clean global economic growth now ‘within reach’ FT *

Alt – Electric cars on the East Coast pollute more than gas cars bi *

Alt – Cheap oil endangers poorer nations’ switch to renewable energy FT * * *


HEALTH

Pharmacies – Specialty Stores Proliferate, Along With Questions NYT

Pharmacies – How CVS Quit Smoking and Grew Into a Health Care Giant NYT


ENDNOTE

Pluto and Charon Compared to Earth motw *


15 July 2015

July 14th, 2015



Today’s Issue Cluster: Iran Deal

BOC – Canada Cuts Rates, Fans Real Estate Flames
Garments – China costs and Bangladesh accidents direct factories to Africa
Mobiles – Rising wage costs in China leads Foxconn to India


MAJOR DATA POINTS

China – Q2: GDP growth flat; +7.0% from +7.0% / AFP / AP / R / NYT / FT / CD *

China – Jun: Industrial output up; +6.8% from +6.1% / X *

China – Jun: YTD Fixed-asset investment flat; +11.4% from +11.4% / X *

China – Jun: Retail sales up; +10.6% from +10.1% / X *

US – Jun: Factory output flat, held back by sharp drop in auto production AP / B / WSJ

US – Jun: Producer Prices Rise; +0.4% from +0.5% / WSJ / R / AP


MARKETS

China – Gains Fade, Shares End Lower WSJ *

China – Stocks Tumble Again as Investors Doubt Beijing’s Help WSJ / R *

China – Decreasing margin debt and those ETFs ft *

China – Beijing’s Maneuvers Disenchant Global Investors WSJ / FT / FT *

China – Finds Cushions to Avert Stock-Market Damage WSJ *

China – Short-Term Fixes May Impede Long-Term Goals WSJ *


ECONOMICS

World – Investors should hope that traditional warning lights are wrong FT *

World – IMF GDP growth revisions for 2015 / ft *


POLITICS & FISCAL POLICY

Iran – Businesses eye huge opportunities FT / WaPo * *

Iran – Carmakers eye golden opportunity FT * * *

Iran – Business Deals Rarely Smooth WSJ *


MONETARY POLICY

Fed – Yellen Warns Congress Against Adding Oversight NYT / WSJ / FT / R / AP / B

Fed – Risks repeat of rate rise mistakes FT * *

Fed – Not in Step With Markets for Rates Dance WSJ *

Fed – Currency traders await an Austen heroine FT * *

Fed – Flounders in Political Arena WSJ *

BOC – Canada Cuts Rates, Fans Real Estate Flames B / R / G&M / FP / CBC *


FINANCE

US – Earnings Show Bad Loans on the Decline WSJ *


REAL ESTATE



LABOR & EDUCATION

China – Hidden Strains Lurk in Job Market, IMF Says WSJ


SERVICES

China – Consumers go local for daily necessities FT * *


MANUFACTURING

Garments – China costs and Bangladesh accidents direct factories to Africa WSJ


TECH

Mobiles – Rising wage costs in China leads Foxconn to India FT / N


TRADE & TRANSPORTATION



COMMODITIES

Pork – US High on the Hogs WSJ *

Pork – Antibiotics abuse makes China’s a hotbed for drug-resistant bugs CER *


ENERGY & ENVIRONMENT

Oil – Iran Deal Raises Prospect of Fresh Glut WSJ / NYT * * *

Oil – Iran’s Discount Deal WSJ *

Oil – China a Winner in Iran Deal WSJ *

Oil – Will Saudi output go up to 11m b/d? FT *


HEALTH



ENDNOTE

Bloomberg spoof alert! Google is not buying Twitter (today) ft *


14 July 2015

July 13th, 2015



Today’s Issue Cluster: Greece

Canada – A recession may already have started
Defense – Export Ban Lifted, Japan Cautiously Markets Wares Abroad
Fish Oil – A $1.2b industry built, so far, on empty promises


MAJOR DATA POINTS

EZ – May: Industrial production falls; -0.4%, +1.6% yr / WSJ *

Germany – Jul: ZEW Investor Confidence Falls a Fourth Month; 29.7 from 31.5 / B / AP / AFP *

US – Jun: Retail Sales Fall; -0.3% from +1.0% / WSJ / R / AP / cr *

US – May: business inventories increase modestly; +0.3% from +0.4% / R

US – Jun: Import Prices Fall; -0.1%, -10% yr / WSJ

US – Jun: NFIB Small Business Optimism Index Fell; 94.1 from 98.3 / cr *


MARKETS



ECONOMICS

Canada – Jobs Loss in June Ratifies Faltering-Economy View B

Canada – A recession may already have started E *


POLITICS & FISCAL POLICY

Greece – Eurozone Leaders Reach Agreement WSJ / FT / NYT / B *

Greece – Needs debt relief far beyond EU plans – Secret IMF report R

Greece – Tsipras Faces Mutiny B / WSJ / FT / R / B *

Greece – ‘Athens lost’ b / B / FT *

Greece – ‘Berlin lost’ ft / FT

Greece – ‘Brussels lost’ ft / nyt / afp / ft / ft / NYT

Greece – Debt trends, in absolute terms / ft *

Greece – Europe’s Debt Problem Has Deep Roots WSJ / NYT * *

Greece – Deal Will Take Time to Reach Banks WSJ / WSJ * * *

Greece – ECB emergency loans for stricken banks FT / FT / NYT * *

Greece – Bank Buffer Looks Pretty Thin WSJ *

Greece – ‘Lots of pain, little gain’ b *

Greece – Shipping Industry Frets Over Higher Taxes WSJ

Greece – Battle Is Reflected in Spanish Politics WSJ / WSJ *


MONETARY POLICY

BOC – Interest rate cut back on the table after Canadian economy shrinks FP


FINANCE



REAL ESTATE



LABOR & EDUCATION



SERVICES



MANUFACTURING

Defense – Export Ban Lifted, Japan Cautiously Markets Wares Abroad NYT

Defense – Fighter-Jet Makers Scramble for Survival WSJ / IBD

Defense – US Firms Falter in Asia WSJ *

Drones – Regulators race to keep up N * * *


TECH



TRADE & TRANSPORTATION

TPP – US weighs completing trade deal without Canada R / WSJ


COMMODITIES

Aluminum – Warehouse Crackdown Cuts Costs WSJ * *

Aluminum – Alcoa shines a light on China’s “fake semis” trade r *


ENERGY & ENVIRONMENT

Coal – States Take Aim at Power-Plant Rules WSJ

Coal – Gas overtakes at US power stations FT / AP

Coal – ND lignite projects languish AP

Coal – France rows back on export subsidies amid job loss fears FT

Coal – ‘The Latest Sign It’s Getting Killed’ B

Coal – ‘The global renaissance’ vox *


HEALTH

Fish Oil – A $1.2b industry built, so far, on empty promises WaPo *


ENDNOTE

Population comparison, US rough equivalents of Canada provinces reddit *


13 July 2015

July 12th, 2015



Today’s Issue Cluster: China

Cable – Comcast Offers Its Alternative, Using the Web
Oil – US: ND output stabilises but does not fall
Pharma – Indian struggle to tighten standards paves way for M&A deals


MAJOR DATA POINTS

China – Jun: Exports Grow, but Remain Weak; +2.8% from -2.5% / WSJ / FT / AP *


MARKETS

China – Investors Hang On as Market Swings WSJ / NYT *

China – Investors Pull Back from Margin Financing WSJ *

China – Wary of killing rally with margin lending curbs FT / WSJ

China – Crackdown on Margin Lending Hits Peer-to-Peer Lenders WSJ

China – Myth of retail investor understates large players’ role FT *

China – Indices are removed from reality FT / WSJ *

China – Market-tracking ETFs roiled by share suspensions FT *

China – Big boom and bust cycles are typical WSJ *

China – Regulators on hook for stock slide FT *

China – Blow-out has Hong Kong basking in financial hub glow R

World – Crises All Fall Short of Going Global WSJ *


ECONOMICS

China – Signs of a Growing Hush in Economy NYT

China – Rescue places renminbi reform under threat FT *


POLITICS & FISCAL POLICY

China – Beijing Faces New Challenges After Rout WSJ *


MONETARY POLICY

PBOC – Tests QE with Chinese characteristics FT


FINANCE



REAL ESTATE

China – Turmoil threatens to spread to the property sector FT

China – Rich seek shelter from stock market storm in foreign property R


LABOR & EDUCATION



SERVICES

Cable – Comcast Offers Its Alternative, Using the Web NYT

Cable – ESPN Tightens Its Belt as Pressure on It Mounts WSJ *

Cable – Little-Known French Billionaire Circles US Market WSJ *


MANUFACTURING



TECH

Mobiles – China’s gyrations may bring testing times for Apple FT

Mobiles – Apple’s Share of Smartphone Industry’s Profits Soars to 92% WSJ * *

Mobiles – Google, Facebook vie for 2 billion potential users in Asia N *


TRADE & TRANSPORTATION



COMMODITIES

Mining – Debt Load Digs Into Industry WSJ * * *

Mining – Companies sucked into Chinese stock market’s vortex FT * *


ENERGY & ENVIRONMENT

Oil – IEA Says Prices May Fall More Amid Slowing Demand WSJ / FT / B * * * *

Oil – Production Shows Signs of Flagging WSJ / FT

Oil – Hedging pressure set to sap prices FT * *

Oil – US: ND output stabilises but does not fall r * *

Oil – Mexico: the big sell off FT * * *

Oil – Nigeria: back to the drawing board FT * *


HEALTH

Pharma – Indian struggle to tighten standards paves way for M&A deals R

Pharma – Drugmakers premiere summer blockbusters FT * *


ENDNOTE

How The ArtNews Top 200 Art Collectors List Has Changed an / an *