Bz Nwz

Today’s Issue Cluster: China

Ukraine – ‘Slipping away from the West’
Mobiles – ‘Cold War’ Seen in Asian Moves on Patent Licensing
Metals – Aluminum: China is glutting the globe



MAJOR DATA POINTS

Japan – Apr: Retail sales rebound, ease pressure on BOJ; +5.0% from -9.7% / R

US – Apr: Pending Home Sales Hit Highest Level in Nine Years; +3.4%, +14% yr / WSJ / R *

US – Week: Jobless claims up; +7k to 282k / R / AP



MARKETS

China – Prospectors beware of equity bubble FT *

China – ‘Stockmarket a crazy casino’ e *

China – Stock market plunges more than 6% FT / WSJ *

China – Shanghai Composite vs. GDP / b *

China – Data shows HK investors pulling out, Shanghai staying put / b *



ECONOMICS

China – Rebalancing challenge FT * *

China – ‘Animal spirits indicators suggest economy not doing very well’ B



POLITICS & FISCAL POLICY

Ukraine – Takes ‘odious’ path to default FT *

Ukraine – ‘Government is making some progress’ E * *

Ukraine – ‘Slipping away from the West’ e * * * *



MONETARY POLICY

FINANCE

Insurance – Generali braced for revolution FT / FT *

Insurance – Race for assets picks up pace FT * *



REAL ESTATE

China – Too many malls? FT *

China – Yet Another Ghost Town Shows Extent of Debt Crisis B *



LABOR & EDUCATION

SERVICES

Gaming – Macau: Casinos are betting downturn will not last E *

Gaming – Asia: Casinos hedge their bets amid China corruption crackdown FT * *



MANUFACTURING

TECH

Mobiles – ‘Cold War’ Seen in Asian Moves on Patent Licensing B

Mobiles – Asian component makers take slice of Apple’s iPhone spoils FT *



TRADE & TRANSPORTATION

COMMODITIES

Metals – Steel: Europe steps up fight over cheap imports FT * *

Metals – Iron: Australia’s Scrapped Inquiry Fires Up Debate Over Output WSJ *

Metals – Aluminum: China is glutting the globe N *

Metals – Platinum, Palladium: ‘Markets Defy Logic and Deficits’ B * *

Jewelry – China Still Dominant, and Getting Bigger B * *



ENERGY & ENVIRONMENT

Coal – China production falls in first 4 months of year AP

Coal – German ministry softens CO2 emission demands R / R

Coal – British power plant bows to the inevitable FT

Coal – Proposed EPA Rules Will Mean Fewer Plants, New Report Says wsj

Coal – US rulings require feds to consider carbon impact of mines AP

Coal – Power Plant Loses Steam WSJ

Coal – Great Barrier Reef: Battle under the sea FT * *



HEALTH

Pharma – China drug price reforms risk placing hospitals on life support FT *

Pharma – New Push Ties Cost of Drugs to How Well They Work WSJ *



ENDNOTE

Chinese gaming company’s HQ looks like a “Star Trek” starship cnet *



Today’s Issue Cluster: Oil

US – Q1 Growth May Look Better After Upcoming Statistical Tweaks
Air – China: Lines look inland for outbound opportunities
Tech – Electronic Medical Record Sharing Is Hurt by Business Rivalries



MAJOR DATA POINTS

Germany – Jun: GfK consumers remain optimistic; 10.2 from 10.1 / AP



MARKETS

Currencies – Dollar’s Strength Fuels Buyouts Abroad WSJ *

Currencies – Rebounding US dollar crucial for central banks FT *

Currencies – Yuan ‘no longer undervalued’, says IMF FT / WSJ *

Currencies – ECB battles to keep euro under control FT * *



ECONOMICS

US – Q1 Growth May Look Better After Upcoming Statistical Tweaks wsj *

US – Economic recovery masks tale of many cities FT *



POLITICS & FISCAL POLICY

MONETARY POLICY

FINANCE

US – Bank Shares Regain Popularity WSJ *

US – Dodd-Frank Senate reform fight ends in stalemate FT

US – Shadow banks push for easing of loan caps FT * *



REAL ESTATE

US – The Low Spark of High-Priced Homes WSJ *

US – New Luxury Rental Projects Add to Rent Squeeze WSJ *

US – An About-Face for McMansions wsj *

US – Lumber Set to Build on Its Rally WSJ *

US – Architecture Billings Index declined in April / cr *



LABOR & EDUCATION

SERVICES

MANUFACTURING

TECH

Telecoms – TWC Deal Stirs Debt Concerns WSJ *

Telecoms – Charter to DC: We’re No Comcast WSJ / NYT *



TRADE & TRANSPORTATION

Air – Australia: Local Lines Under Threat WSJ

Air – China: Lines look inland for outbound opportunities R *

Air – Gulf: Flying in the face of convention E / e *



COMMODITIES

Crops – EU to Revisit Insecticides’ Responsibility for Bee Die-Offs WSJ *

Crops – Ghana delays spark fears over country’s cocoa reliability FT *



ENERGY & ENVIRONMENT

Oil – Market buoyed by product demand FT *

Oil – Price slide puts producers under pressure FT * *

Oil – Iraq About to Flood Market in New Front of OPEC Price War B * *

Oil – Shell’s Arctic extraction to take more than a decade FT / FT * *

Oil – Capex cuts at major companies / r *

Oil – Saudis’ Drive To Kill US Shale Has Backfired IBD *

Oil – ‘Cheap crude can hurt economy’ AP

Oil – Cheap prices fail to spark consumer spending boom FT * *



HEALTH

Tech – Electronic Medical Record Sharing Is Hurt by Business Rivalries NYT

Tech – Big Bets on Proton Therapy Face Uncertain Future WSJ *

Tech – Making sense of the science FT * * *



ENDNOTE

What 9,000 years of breeding has done to crops jk / jk * * *



Today’s Issue Cluster: South Africa

Fed – The taming of the balance sheet
World – Misconduct bill tops $235b
Ethanol – As boom fades, ADM sees bright future for corn in grocery aisle



MAJOR DATA POINTS

Japan – Apr: Slides Back into Trade Deficit; -¥53b (-$439m) / WSJ / AP / B / AFP / b *

Singapore – Q1: Economy Expanded More Than Estimated; +2.6% from +2.1% / B

US – Apr: US new-home sales jump; +7% from -10% / AP / B / R

US – Mar: Case-Shiller Home Price Index Rose; +4.1% from +4.2% / WSJ / cr *

US – Apr: Orders for durable goods drop; -0.5% from +5.1% / AP / R / AP / WSJ

US – May: ConfBd consumer confidence rises; 95.4 from 94.3 / R

US – May: Markit services sector growth slows; 56.4 from 57.4 / R



MARKETS

Bonds – Junk-rated Chicago to test market FT / NYT *

Bonds – China Embraces Foreign Investors WSJ *



ECONOMICS

South Africa – Zuma: Power failure FT * * * *

South Africa – Zulu king condemns attacks on immigrants FT / NYT *

South Africa – Weak rand fails to ease manufacturers’ woes FT * *

South Africa – Power Outages Mar Economic Expansion WSJ *

South Africa – Struggling power utility suspends its CEO FT * *

South Africa – Power cuts persist, utility races to fix plants R *

South Africa – Foreign Businesses Face Backlash WSJ *

South Africa – Miners accelerate job cuts to 35k FT * *

South Africa – Staking a claim FT * * *



POLITICS & FISCAL POLICY

Greece – Will default on June IMF repayment FT / WSJ / R / NYT

Greece – Struggle for Elusive Deal WSJ / NYT / FT *

Greece – Governing Left Divided Over Debt Terms WSJ *



MONETARY POLICY

Fed – Yellen: On Track to Raise Rates This Year WSJ / FT / NYT / R / B *

Fed – Weak spell puts Yellen at crossroads over liftoff plans R *

Fed – The Core of the Inflation Problem WSJ *

Fed – The taming of the balance sheet FT * *

Fed – EMs ready themselves for acid test FT * *



FINANCE

World – Negative rates pose corporate conundrum FT * * * *

World – Misconduct bill tops $235b R / R *



REAL ESTATE

LABOR & EDUCATION

World – Productivity: It’s a drag FT / FT / FT * * * * *



SERVICES

MANUFACTURING

TECH

Telecoms – Charter Communications Nearing Deal for TWC WSJ / FT / NYT / R / FT / WSJ / NYT / FT *

Telecoms – Charter Strikes $55b Deal for TWC WSJ / FT / NYT / B / q * * *



TRADE & TRANSPORTATION

Ship – Oil tankers: tanked up FT *

Ship – Panama Canal unlikely to return to 2007 pre-crisis boom levels FT

Ship – Los Angeles Port Reports Steep Cargo Decline WSJ *



COMMODITIES

ENERGY & ENVIRONMENT

Ethanol – The end of the road? N *

Ethanol – As boom fades, ADM sees bright future for corn in grocery aisle R *



HEALTH

ENDNOTE

Occasions Behind Countries’ “National Days” wiki *



Today’s Issue Cluster:

MAJOR DATA POINTS

MARKETS

Currencies – Here Comes the Yuan WSJ *

Currencies – Traders seek clear signal for a weaker yen FT *



ECONOMICS

EU – Periphery holds while centre falls apart FT * *

EU – Spain: Rajoy stresses economic cycle to woo voters FT * * *

EU – UK: Deflation More Curiosity Than Concern WSJ / FT * *



POLITICS & FISCAL POLICY

Russia – IMF predicts upturn after 3.4% fall this year FT * *



MONETARY POLICY

ECB – Signals Firm Resolve on Carrying Out QE WSJ



FINANCE

Pensions – European quantitative easing a threat FT

Pensions – European stress tests hotly opposed FT



REAL ESTATE

Canada – Housing market hints at changes with declines in key cities G&M *

Canada – Vancouver house prices spike in once-ignored markets G&M *

Australia – Property boom / r *



LABOR & EDUCATION

SERVICES

MANUFACTURING

TECH

EU – Struggling to Foster a Startup Culture WSJ

EU – Seeks a Model to Repel US Internet Giants WSJ



TRADE & TRANSPORTATION

Auto – Memorial Day Trips at 10-Year High Point to Busy Vacation Season B *

Truck – Internet of Things Reaches Into the Trucking Business WSJ



COMMODITIES

H5N2 – Egg Prices Jump as Bird Flu Spreads WSJ / NYT *

H5N2 – Crisis slows in Minnesota, focus now on recovery AP

H5N2 – Iowa bird-flu farms fall short on containment measures R



ENERGY & ENVIRONMENT

HEALTH

Pharmacies – CVS Ages Gracefully With Omnicare Deal WSJ / WSJ / NYT / FT / IBD *

Pharmacies – CVS Finds Right Medicine For Health Care Pressures IBD



ENDNOTE

What To Call People From Different States dv *



Today’s Issue Cluster:

MAJOR DATA POINTS

MARKETS

Bonds – A Debt-Ratings Rift Rattles Chicago WSJ * *

Bonds – Muni risk rises as pensions are put first FT * *

Bonds – US debt issuers unfazed by rate rise risk FT * * *

Bonds – Junk remains calm FT *



ECONOMICS

World – Investment from EMs surges FT * *

World – Foreign investors take up to $15b out of EMs in May FT *



POLITICS & FISCAL POLICY

Greece – ‘Varoufakis threatens to tear Europe apart’ NYT

Greece – ECB ensnared in politics as it faces vote on loans FT / NYT

Greece – Falls Back Into Recession WSJ *

Greece – Facing Vicious Debt Cycle, Athens Sprints to Apply Fixes FT / WSJ / NYT

Greece – Fiscal, pension disagreements remain / b *

Greece – Which Countries Stand to Lose Big from a Default? cfr *



MONETARY POLICY

Fed – Minutes show doubts about strength of US recovery FT / WSJ / NYT / R / AP / B *



FINANCE

World – Six banks fined $5.6b over rigging of foreign exchange markets FT / WSJ *

World – Finance chiefs urge action on bubble fear FT



REAL ESTATE

World – Wood and metal hold key to global economy FT *



LABOR & EDUCATION

EU – Proposal on Distribution of Migrants Draws Opposition WSJ / WSJ *

EU – Seeking safety e *



SERVICES

MANUFACTURING

TECH

TRADE & TRANSPORTATION

COMMODITIES

Water – Scientists reinforce warning on El Niño FT

Water – Squeeze hits global food and drink groups FT



ENERGY & ENVIRONMENT

HEALTH

H5N2 – 2m more Minnesota chickens to be destroyed AP / AP

H5N2 – Bird flu scare fails to deter Hormel FT / WSJ



ENDNOTE

Letterman is Longest-Serving Late Night Host dadaviz *



Today’s Issue Cluster: Metals

TPP – China’s impact looms large
Gold – What If China Were to Adopt a Gold Standard?
Platinum – Rising output turns screw on S.African sector



MAJOR DATA POINTS

Japan – Q1: Economy grows at fastest pace in a year; +2.4% from +1.1% / R / FT / NYT / AP / WSJ *



MARKETS

China – Effect weighs on EM exports FT * *

China – Shanghai rally helps state-owned companies pay off debt WSJ *



ECONOMICS

China – Real interest rate surges to post-crisis high FT * *

China – Slowdown deepens provincial economic divide FT * *

China – Economists seek to ease fears on record capital outflow FT * *

China – Dominates the top 20 cities with new shopping mall space / C *

China – Commodity suppliers hit by slowdown ft * * *

China – A drive for self-sufficiency in food comes at a growing cost E *

China – As others cut farm support, Beijing spends more E *

China – Most active country in the world in land trade wapo *



POLITICS & FISCAL POLICY

China – Corruption purge snares 115 SOE ‘tigers’ FT *



MONETARY POLICY

PBOC – Asks Banks to Hold Steady on Deposit Rates WSJ / B



FINANCE

China – Backtracks on Local Government Debt WSJ / FT *



REAL ESTATE

China – Improving Property Scene Still a Drag WSJ / R *

China – Homebuyers Return, Driving Tentative Property Recovery B

China – Empty units may be less of an obstacle to recovery FT *

China – Few signs of life in new ‘Manhattan’ AFP *



LABOR & EDUCATION

SERVICES

Honey – New US plan to reverse bee decline AP / WSJ

Honey – Managed bee colony loss increase / r *



MANUFACTURING

TECH

TVs – Behind Apple’s Move to Shelve Plans WSJ / WSJ *



TRADE & TRANSPORTATION

TPP – China’s impact looms large AP / WSJ / NYT / R



COMMODITIES

Gold – Traders warn on liquidity FT * *

Gold – India battles deeply ingrained faith in metal N * *

Gold – What If China Were to Adopt a Gold Standard? B * *

Platinum – Rising output turns screw on S.African sector R *

Palladium – Gains From Environmental Rules WSJ *

Copper – BHP has held on to its interests — which looks wise FT *

Iron – Global glut threatens West African ambitions R

Aluminum – Leaves Commodities Party Early WSJ / FT *



ENERGY & ENVIRONMENT

Carbon – China to pass US in emissions N *



HEALTH

ENDNOTE

Detailed world religion map reddit * *



Today’s Issue Cluster: India

Currencies – Weak Yen Fuels Record Profits in Japan
WTO – US wine, chocolate & juice on Canada’s tariff hit list after decision
Sands – Becomes Alberta’s Hot Real Estate as Oil Rebounds



MAJOR DATA POINTS

Germany – May: ZEW investor sentiment falls to five-month low; 41.9 from 53.3 / R *

US – Apr: Housing Starts Jump; +20.2% from +4.9% / WSJ / AP *



MARKETS

Currencies – Weak Yen Fuels Record Profits in Japan WSJ *

Currencies – Asia tripped up by global bond rout FT *

Currencies – Euro’s Surge Tramples Parity Predictions WSJ *



ECONOMICS

India – A year after Modi became PM the economy is growing FT * * *

India – Debt Pile Up Complicates Growth Plans WSJ *

India – Foreign Investors Fight Back WSJ *

India – Modi’s growth plans and freak weather squeeze farmers FT * * *



POLITICS & FISCAL POLICY

Russia – Weak ruble and sanctions breath life into industry FT * *

Russia – Companies could return to international bond market R *

Russia – Moscow’s Once-Bustling Airports Decline as Isolation Deepens WSJ *

Ukraine – Economic Ties to Russia Are Hard to Break WSJ *

Georgia – Hopes over Europe turn to disappointment FT *



MONETARY POLICY

RBI – Governor blasts lenders for ‘sitting on money’ FT * *



FINANCE

India – Nimble private lenders take aim at static banking sector FT * *

India – Global banks try to muscle into start-up boom R

India – New lenders to transform banking scene FT * *



REAL ESTATE

Russia – Rent Prices in Moscow Are Crashing B *



LABOR & EDUCATION

India – Learning a hard lesson FT * * * *



SERVICES

MANUFACTURING

TECH

TRADE & TRANSPORTATION

TPP – Car States Balk WSJ *

TPP – Calling out currency transgressions far from clear-cut WSJ *

WTO – Rejects US Meat ‘Origin’ Labels WSJ / WSJ *

WTO – US wine, chocolate & juice on Canada’s tariff hit list after decision CBC / CP



COMMODITIES

Cotton – Falls to Three-Week Low WSJ *

El Nino – How it works / r *



ENERGY & ENVIRONMENT

Oil – Energy groups take knife to $100b of spending FT / FT * * * *

Oil – Investors Take a Closer Look at Production WSJ *

Oil – US refiners dominate western hemisphere markets r *

Oil – Saudi turns to China as exports to US drop FT * *

Oil – OPEC supply-demand gap widens / r *

Shale – Eagle Ford added a rig for the first time in seven weeks / b *

Sands – Becomes Alberta’s Hot Real Estate as Oil Rebounds B / BW *



HEALTH

ENDNOTE

Rainbow Europe Index, 2015 ilga *



Today’s Issue Cluster: US Economy & Real Estate

Fed – Inflation Undershoots the 2% Target for the 35th Month
Online – Itochu, partners preparing to take on Alibaba
Shale – Saudis Poised To Block Ramp-Up By US Firms



MAJOR DATA POINTS

Japan – Mar: Machinery orders rise; +2.9% from -1.4% / R

US – May: NAHB Home Builder Sentiment Falls for Fourth Time in Five Months; 54 from 56 / R / WSJ / AP / B *



MARKETS

ECONOMICS

US – Tight Mortgage Market Keeps Lid on Debt Levels WSJ * *

US – Why the Economy Keeps Getting Knocked Off Track WSJ *

US – Consumers Are Spending Again B / wsj *

US – Don’t Expect Cheap Gasoline to Fuel Retail Sales WSJ / WSJ * *

US – Where Americans Spend Their Money wsj * *

US – Firms Shoulder Rising Debt WSJ * *

US – Philly Fed Coincident Indexes Increased in 41 States / cr *



POLITICS & FISCAL POLICY

MONETARY POLICY

Fed – Inflation Undershoots the 2% Target for the 35th Month wsj *

Fed – Probability of a rate hike / t *



FINANCE

REAL ESTATE

US – Weak Housing Data Don’t Deter Builders WSJ *

US – Democrats raise the roof over mortgages FT

US – Homebuyers face a tough spring AP

US – Home Prices Start to Heat Up WSJ *

US – Home Sales to Hit Highest Level Since 2006, Realtors Say wsj *

US – ‘Indefinitely postponing the dream of homeownership’ wapo *

US – Strong Dollar Makes Real Estate Less Attractive to Foreigners WSJ *



LABOR & EDUCATION

US – Low oil prices have cost tens of thousands of jobs r *



SERVICES

Online – Can Google Outsell Amazon and eBay? WSJ

Online – Itochu, partners preparing to take on Alibaba N / WSJ / R * *



MANUFACTURING

Ships – Maersk, DSME Reach Agreement in Principle on Container Megaship Order WSJ



TECH

TRADE & TRANSPORTATION

Ship – Regulators to Discuss Alliance Delay, Cost Problems WSJ

Ship – Growing Alliances Are Straining Major US Gateway Ports WSJ

Ship – UN Agency Adopts Polar Code to Prevent Sea Pollution WSJ *



COMMODITIES

Coffee – Less From Brazil Is Expected WSJ

Coffee – Bears feast on strong crop forecasts FT

Coffee – Artisan drinkers provide perk FT *

Cocoa – Asia Loses Its Sweet Tooth WSJ *

Cocoa – World Production / *



ENERGY & ENVIRONMENT

Shale – Saudis Poised To Block Ramp-Up By US Firms IBD *

Shale – ‘Russia Was Right: Europe Has Proved a Dud’ B

Shale – Continental Resources’ chief vows bounce back FT *



HEALTH

ENDNOTE

The Top Exported Good in Each State fixr *

The Top Imported Good in Each State fixr *



Today’s Issue Cluster: Coal

Asean – Majority of companies weathering slower growth
Planes – Bombardier: To slash 1,750 jobs, cut business jet production
H5N2 – Egg Farms Hit Hard



MAJOR DATA POINTS

Russia – Q1: Economic contraction ‘less than feared’; -1.9% / AFP

Ukraine – Q1: Economy contracts as conflict takes toll; -17.6% / AP

US – Apr: Industrial output falls for 5th month; -0.3% from -0.3% / B / WSJ / R / AP *

US – May: UMich consumer sentiment falls; 88.6 from 95.9 / R / B *



MARKETS

China – Bull run sparks foreign investor scramble FT * *

China – Investors Are Staying on the Risky Margins WSJ *

China – Perfect Storm breaks FT *



ECONOMICS

Asean – Hard economics hit Southeast Asia consumer dream FT * * *

Asean – Majority of companies weathering slower growth N *

EMs – Don’t expect a quick recovery FT * * *



POLITICS & FISCAL POLICY

MONETARY POLICY

FINANCE

Cards – High-income Canadians using cash the least G&M *

Cards – Visa, MasterCard Get Credit Where Due WSJ *



REAL ESTATE

LABOR & EDUCATION

Asean – Rising wages send companies in search of cheaper workers N * *

Asean – Aging Asia scrambling for nursing workforce N *



SERVICES

Ads – Mobile operators plan to block online advertising FT *

Ads – Advertisers Turn TV Back On WSJ *



MANUFACTURING

Planes – Bombardier: To slash 1,750 jobs, cut business jet production G&M / WSJ *

Planes – Bombardier: Flies into jet set turbulence FT *

Planes – Bombardier: Investors wary of enthusiasm for regional jets G&M *

Planes – Embraer: Tugged by Brazil’s Economic Woes WSJ

Planes – China: Anti-corruption drive grounds private jet sales FT *



TECH

TRADE & TRANSPORTATION

COMMODITIES

Gold – Global Demand Falls 1% in Q1 WSJ *

Platinum – Tarnished FT

Manganese – Augurs ill for steel outlook FT

Aluminum – Tumbling premiums put LME queues back in spotlight r *

Zinc – Traders dig in as price rebounds / FT * * *



ENERGY & ENVIRONMENT

Coal – India: Modi Prods Monopoly WSJ *

Coal – Japan: Struggles to Find Balanced Energy Strategy WSJ *

Coal – China: Fires Away WSJ *

Coal – US: Rising demand for natgas from pivoting power generators WSJ *

Coal – Glencore Under Fire on Colombia Mines WSJ

Coal – Duke Energy will be in federal court for ash crimes AP



HEALTH

H5N2 – Bird flu outbreak hits Nebraska poultry farm: USDA R / AP

H5N2 – Egg Farms Hit Hard NYT / AP / B / AP *

H5N8 – Different bird flu strain detected in Indiana backyard flock AP



ENDNOTE

Regional Giraffe Patterns wiki *



Today’s Issue Cluster: Oil

Currencies – Bolivar: Venezuelan currency continues plunge
China – When a hot money outflow threatens to become a torrent
TPP – Senate compromise gives Obama ‘fair’ trade deal



MAJOR DATA POINTS

US – Apr: Producer Prices Fall; -0.4% from +0.2% / R / WSJ / B

US – Week: Jobless Claims Fall; -1k to 264k / WSJ / R / B *



MARKETS

Currencies – Bolivar: Venezuelan currency continues plunge FT / R

Currencies – EMs: India much better positioned than Brazil FT * * *

Currencies – Euro: US data is now in the driving seat WSJ *

Currencies – Yen: ‘Comatose since the end of March’ FT *



ECONOMICS

China – Gloomy data prompts talk of fresh stimulus FT

China – Launches Stimulus Aimed at Local Debt Crisis WSJ / FT * *

China – Economy Not Getting High on Stimulants WSJ * *

China – When a hot money outflow threatens to become a torrent ft *



POLITICS & FISCAL POLICY

MONETARY POLICY

FINANCE

REAL ESTATE

China – Housing Market Shows Signs of Life WSJ



LABOR & EDUCATION

SERVICES

Gaming – Macau: Cold Streak Spurs Construction Queries WSJ / N *

Gaming – Las Vegas: Investors Place New Bets on a Rebound WSJ *

Gaming – Macau vs. Nevada (Gaming Revenue) / b *



MANUFACTURING

TECH

TRADE & TRANSPORTATION

TPP – Senate compromise gives Obama ‘fair’ trade deal FT / WSJ / R



COMMODITIES

Honey – 42% of US hives died in past year AP / WSJ / NYT / R *



ENERGY & ENVIRONMENT

Oil – Shale Producers Ready to Raise Production WSJ / FT / B * *

Oil – Many investors are diametrically opposed to David Einhorn’s view FT *

Oil – Fracking could unlock 140b barrels worldwide FT *

Oil – Drillers Answer Low Prices With Cost-Saving Innovations NYT *

Oil – Saudi claims price strategy success FT *

Oil – Saudis spend like there’s no price drop FT * * *

Oil – IEA: OPEC Battle for Market Share Just Beginning WSJ / FT / R *

Oil – OPEC Sees Price Below $100 in the Next Decade WSJ / B *

Oil – Iraqi refinery may be destroyed in battle to save it R *

Oil – ‘Impression of a crowded speculative bet’ WSJ *

Oil – China imports surpass those of US for first time FT *

Oil – US Gasoline Prices Rev Up for Summer WSJ *

Oil – At the gas pump, US biofuel lobby scores a point R *

Oil – Spoils Slow to Flow WSJ *



HEALTH

Pharma – Drug ‘super spenders’ cost US healthcare system $52b FT

Pharma – Teva bids for Mylan amid pressure on copycat drugmakers FT *



ENDNOTE

Record art sales at auction since 1700 e *