Bz Nwz




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Today’s Issue Cluster: Japan

World – IMF warns of ‘super taper tantrum’ ahead
Water – Almond backlash tied to California drought
Nuclear – UK: Home-grown small reactors on agenda



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MAJOR DATA POINTS

China – Q1: Economic growth slows; +7.0% from +7.3% / R / FT / AP / WSJ / NYT / X *

US – Mar: Industrial production fell; -0.6% from +0.1% / R / WSJ / AP / cr *

US – Apr: NAHB Homebuilder Sentiment Rose for First Time in Five Months; 56 from 52 / B / WSJ / R / cr *



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MARKETS

Bonds – Challenging times await US junk after banner run FT * *

Bonds – Buying Treasurys With Foreign Currencies Pays Off WSJ / FT *

Bonds – European Markets Go Down the Rabbit Hole WSJ *

Bonds – Investors Hunt Bargains in European Corporates WSJ *



---

ECONOMICS

World – IMF warns of ‘super taper tantrum’ ahead FT

World – Slowing EM Growth Is Sapping Economic Prospects WSJ *

World – ‘Deflation: A look at the historical record’ voxeu *



---

POLITICS & FISCAL POLICY

Japan – Abe bids to end economic burden FT * ** * *

Japan – Reforms push companies to unlock cash FT

Japan – Dramatic push to save economy G&M *

Japan – The economy gets a boost from record numbers of visitors E *



---

MONETARY POLICY

BOJ – Votes Down Call to Slash Easing WSJ / FT / B / b *

BOJ – Growing Speculation Easing May Outlast Kuroda’s Tenure wsj

BOJ – Economists Give Kuroda Higher Grades Than Abe WSJ *

BOJ – Government increasingly at odds with the central bank E *



---

FINANCE

Japan – Regional banks feel impact of BoJ stimulus FT



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REAL ESTATE

Japan – Foreign investors snap up property on weak yen N *



---

LABOR & EDUCATION

Japan – Says sayonara to long hours working culture FT *



---

SERVICES

Telecoms – Nokia Is in Talks to Buy Alcatel-Lucent WSJ / FT / NYT / R / FT *

Telecoms – Nokia confirms Alcatel-Lucent acquisition FT / WSJ *

Telecoms – ‘Nokia and Alcatel-Lucent should heed the lesson of past mergers’ FT * *

Telecoms – US broadband providers wake up to the need for speed FT



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MANUFACTURING




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TECH

Google – Expected to Face Antitrust Charges in Europe NYT / WSJ / FT / WSJ *

Google – France set to push to reveal ‘secret sauce’ algorithm FT

Google – Music groups claim YouTube ‘abuses’ copyright law FT



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TRADE & TRANSPORTATION




---

COMMODITIES

Water – Almond backlash tied to California drought CBC

Water – ‘California’s Farm-Water Scapegoat’ wsj *

Water – Mapping exceptional drought conditions / r *

Water – Mighty Rio Grande Now a Trickle Under Siege NYT



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ENERGY & ENVIRONMENT

Nuclear – Japan: Court blocks restart of two reactors FT / WSJ / NYT / N

Nuclear – Japan: Considers evaporation, storage of Fukushima water R * * *

Nuclear – UK: Home-grown small reactors on agenda FT *



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HEALTH




---

ENDNOTE

A new technology to prevent yogurt from sticking to the lid medium * *



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Today’s Issue Cluster: Alternative Energy

EU – Greece: Poor are back to where they were in 1980
ECB – Data Suggest Stimulus Measures Are Already Bearing Fruit
Copper – New reckoning for miners running in the red



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MAJOR DATA POINTS

US – Mar: Retail sales weaker than economists expected; +0.9% not +1.1% / WSJ / R / AP / B *

US – Mar: More expensive gas lifts wholesale prices; +0.2%, -0.8% yr / WSJ / AP / B *

US – Feb: Businesses boosted stockpiles; +0.3% from flat / AP *

US – Mar: NFIB small business confidence falls; 95.2 from 98.0 / R *



---

MARKETS

Stocks – US companies unleash share buyback binge FT *

Stocks – Fed official warns ‘flash crash’ could be repeated FT

Stocks – Virtu IPO aims to present friendly side of high-frequency trading FT * *



---

ECONOMICS

EU – Italy: Eases austerity as economy picks up FT

EU – Italy: Investment climate starts to warm FT / WSJ * *



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POLITICS & FISCAL POLICY

EU – Greece: Short-term bond yields rise sharply FT *

EU – Greece: Prepares for debt default if talks with creditors fail FT

EU – Greece: Poor are back to where they were in 1980 wapo *



---

MONETARY POLICY

ECB – Data Suggest Stimulus Measures Are Already Bearing Fruit WSJ / WSJ / WSJ / B *



---

FINANCE

EU – In Odd Twist, Banks Owe Borrowers WSJ *

EU – European and US bank jobs r *



---

REAL ESTATE

EU – Property Investors Flock to Warehouses WSJ *

EU – UK: Super-rich shun London over non-dom plans FT / FT

EU – UK: Greystar to Buy Student-Housing Portfolio WSJ *



---

LABOR & EDUCATION

EU – Germany’s Rising Wages Bode Well for Global Economy WSJ *

EU – Huge Gulf In Labour Costs statista *

EU – Record Tide of Refugees Expected to Strain System WSJ / FT / WSJ / AP *



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SERVICES




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MANUFACTURING




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TECH

Chips – Activist shareholder puts pressure on Qualcomm WSJ / WSJ / WSJ / FT / NYT / B * * *

Chips – The PC Box Closes In on Intel WSJ *

Chip – Gear Makers Look Less Fab WSJ *



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TRADE & TRANSPORTATION




---

COMMODITIES

Copper – Market divided as industry gathers in Chile FT *

Copper – New reckoning for miners running in the red R *

Copper – Chile mines turn to the Pacific for water R / r
Top producing countries; Million tonnes, 2014 *
Distribution of copper deposits *
Estimates of copper deposits; Million tonnes, 2013 *



---

ENERGY & ENVIRONMENT

Alt – World: Plummeting prices are boosting renewables E *

Alt – World: Gets 22% of Electricity From Renewable Energy wsj / gp * * * *

Alt – Germany: Renewables take top spot FT / G&M * *

Alt – Germany: Expensive Gamble on Renewable Energy WSJ / FT * * * *

Alt – US: Yieldcos Turn Wind, Solar Energy Into Income Vehicles IBD

Alt – US: Solar and wind start to outshine gas NYT / FT

Alt – Japan: ‘Still not seeing the renewable light’ N / AP *

Alt – Australia: Green energy outcry as Abbott unpicks policy FT * * *

Alt – Storage: The $5b Race to Build a Better Battery B *

Alt – Storage: Energy for a Rainy Day, or a Windless One NYT

Alt – Storage: Company to store energy in balloons under Lake Ontario FP *

Alt – Storage: Using Molten Aluminum Lakes BW *



---

HEALTH




---

ENDNOTE

Colors of the most powerful right-wing parties of Europe reddit *



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---

Today’s Issue Cluster: LatAm

Air – New Gulf War Tests US-EU Airline Tie-Ups, Fares
Mobiles – The Predicted Wearables Boom Is All About The Wrist
Alt – Hydro: China blocks $4b Xiaonanhai dam development



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MAJOR DATA POINTS

China – Mar: Exports in surprise fall; -14.6% from +48.3% / AP / R / WSJ / FT / AFP / b *



---

MARKETS

Bonds – German 10-year yields heading below zero FT *

Bonds – Asia’s Junk Market Heats Up WSJ *



---

ECONOMICS

World – Recovery at risk of stalling FT *



---

POLITICS & FISCAL POLICY

LatAm – ‘Despite scandal, the region is making progress’ E *

LatAm – ‘The Pacific Alliance in search of a shared product’ E *

Cuba – Americas Summit Puts Focus on US Thaw WSJ / FT *

Cuba – Obama, Castro in Historic Meeting WSJ / B / NYT *

Mexico – Economic gloom hard to crack FT * * *

Argentina – In last-ditch manoeuvre to pay bondholders FT

Brazil – Corruption Scandal Spreads Beyond Petrobras WSJ

Brazil – Poll blow to Rousseff over austerity plan FT / B

Brazil – Rousseff’s Problems in Three Charts B * * *

Brazil – At breaking point FT / AFP *

Brazil – Economic downturn prodding Rousseff to look to US WSJ *

Brazil – To Fix Water Crisis, Brasilia Turns to Big Projects WSJ *



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MONETARY POLICY




---

FINANCE




---

REAL ESTATE

World – Investors should follow population trends FT *



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LABOR & EDUCATION




---

SERVICES




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MANUFACTURING




---

TECH

Mobiles – Muted Debut for Apple Watch With Sparse Crowds in Europe and Asia B

Mobiles – Apple sparks gold rush as pre-orders of luxury Watches sell out FT * * *

Mobiles – The Predicted Wearables Boom Is All About The Wrist / statista *



---

TRADE & TRANSPORTATION

Air – New Gulf War Tests US-EU Airline Tie-Ups, Fares IBD *

Air – Lufthansa’s grim struggle in crash aftermath FT *



---

COMMODITIES

Iron – India’s Push to Resume Mining Stymied WSJ *

Iron – Sinking price hits smaller producers FT

Iron – Australia Braces for Lower Prices WSJ

Iron – Sweden moves a town for a mine R *



---

ENERGY & ENVIRONMENT

Alt – Hydro: China blocks $4b Xiaonanhai dam development FT / NYT *

Alt – Hydro: Bad politics should no longer slow Nepal E *

Alt – Wave: Private investment dries up for UK projects FT * *

Alt – Wave: A new Australia project may make swell power a reality E *

Alt – Ocean: Currents, tides rise as new renewable energy candidates N * *



---

HEALTH

Pharma – Market sanguine on biosimilars, but may be wrong FT *

Pharma – Stakes of Drug-Price Battles Are Getting Higher WSJ *

Pharma – Makers of Generic Drugs Challenge FDA Plan for Updated Warnings NYT

Pharma – Insulin: Lucrative market is about to change FT *



---

ENDNOTE

The Accidental Beauty of Flight Paths bp * * *



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Today’s Issue Cluster: Russia

US – Wholesalers Face an Inventory Glut
Ship – A New Boom From Oil
Nickel – Higher Russian output, China stocks cause market meltdown
H5N2 – Brought by Wild Neighbors, a Deadly Flu Attacks Turkey Flocks



---

MAJOR DATA POINTS

China – Mar: CPI steady; 1.4% from 1.4% / FT / WSJ / R / AFP / X *

China – Mar: PPI slides less; -4.6% from -4.8% / X *



---

MARKETS

Stocks – China equities: Stock market fever FT *

Stocks – Buying Frenzy Sweeps Into Hong Kong WSJ / FT * *

Stocks – China rally leaves foreign investors conflicted FT * *

Stocks – Nikkei Breaks Above 20000 for First Time in 15 Years WSJ *

Stocks – Set New Record in Europe WSJ / WSJ *



---

ECONOMICS

US – Wholesalers Face an Inventory Glut B * *

US – No Easy Way Out for Import Prices WSJ *

US – ‘Unless wages grow, America’s economic blip could become a trend’ E * *

US – High Number of Zero-Savers / bp *



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POLITICS & FISCAL POLICY

Russia – Protests bubble up in sign of public discontent FT

Russia – Consumers Reflect the Pinch of Economic Sanctions NYT

Russia – Car Sales Have Collapsed B *

Russia – Ruble at Strongest Level Since December WSJ / FT *

Russia – Rents Fall as Moscow Confronts Flagging Economy WSJ

Russia – American farmer among the winners in sanctions regime AP

Russia – Hinterland emerges as microcosm of wider structural woes FT * * * *



---

MONETARY POLICY




---

FINANCE

US – ‘Post-Crisis Risk Casts a Darkening Shadow’ WSJ *



---

REAL ESTATE

US – Housing Market Sees Hopeful Signs of Spring WSJ *

US – After Foreclosures, Home Buyers Are Back WSJ * *

US – CoreLogic: House Prices up 5.6% cr *



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LABOR & EDUCATION




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SERVICES




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MANUFACTURING




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TECH




---

TRADE & TRANSPORTATION

Ship – China Seeks Dominance in Athens Harbor S

Ship – China Cosco to Order at Least 10 Triple-E Megaships WSJ

Ship – West Coast port congestion boosts demand for air cargo FP

Ship – A New Boom From Oil NYT *



---

COMMODITIES

Aluminum – China measures set to boost supply FT

Nickel – Higher Russian output, China stocks cause market meltdown N *

Tin – ‘Indonesian cartel flexes muscles; market yawns’ r *



---

ENERGY & ENVIRONMENT

Oil – US production is probably peaking right now r *

Oil – The US Story in Charts / wsj * * * *

Oil – Shell’s Big Buy Is Blow to Oilfield Services WSJ *

Oil – Middle East state spending throws lifeline to oilfield services R *

Oil – Nuclear deal means more Iran output – just not this year R *

Oil – Iran’s Strategic Petroleum Reversal WSJ *

Oil – Libya’s War Rages but Eni Keeps Pumping WSJ *

Oil – As negotiations fail, one side tries to grab the revenue N *

Oil – Asia’s Giants Unlikely to Wade Into Merger Game Anytime Soon WSJ * *



---

HEALTH

H5N2 – Brought by Wild Neighbors, a Deadly Flu Attacks Turkey Flocks NYT / AP / AP / AP / AP



---

ENDNOTE

Russian Expansion 1300-1914 reddit *



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---

Today’s Issue Cluster: India

Pipeline – TransCanada delays Energy East
Crops – US farmers take a gamble with belt-tightening
Ebola – 2 New Vaccines Pass Important Early Test



---

MAJOR DATA POINTS

US – Week: Jobless Claims Remain Low; +14k to 281k / WSJ / R / AP / B / b *



---

MARKETS

Bonds – A Pair of Milestones for Euro Debt WSJ * *

Bonds – European govies more expensive / b *

Bonds – Going Long in Treasurys Wins WSJ * *



---

ECONOMICS

India – Reformist Modi tries to shake off ‘anti-poor’ label FT * *

India – Venture Money Floods Into Startups WSJ *

India – Foreign insurers scramble for foothold FT * *

India – Millionaires Have Been Leaving the Country in Droves wsj *

India – “Fragile 5” now the “Fragile 4”? / t *



---

POLITICS & FISCAL POLICY

India – Modi Looks to Deliver on Budget Promises WSJ / WSJ / WSJ / FT

India – Finance Minister Preaches Patience on Economic Reforms WSJ *

India – Tackles Messy Web of Sales Taxes WSJ *



---

MONETARY POLICY

RBI – Leaves Key Lending Rate Unchanged WSJ / FT / R / B

RBI – Fear of Fed gives way to rate cuts / r *

ECB – Stimulus effort meets 1st month goal AP / FT / B

Fed – Divided on June Rate Increase WSJ / FT / NYT / R / AP / B / WSJ *

Fed – Mulls selling bonds to potentially trim repo use R / r *
March 2015 *
Median forecasts by year *



---

FINANCE

India – Push for Banks for All Leaves Some Still Outside WSJ *

India – Bid to Liberate Poor From Illicit Moneylenders WSJ *

India – Narendra Modi takes tough stance on ‘black money’ FT *



---

REAL ESTATE

India – A High-Rise Race in Mumbai WSJ *



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LABOR & EDUCATION




---

SERVICES




---

MANUFACTURING




---

TECH

Mobiles – Apple Watch Review: Bliss, but Only After a Steep Learning Curve NYT / WSJ / B / R / WSJ

Mobiles – Samsung Galaxy S6 Review: The iPhone 6 Has Met Its Match WSJ / NYT *

Mobiles – Apple climbs after $1t valuation call FT *

Mobiles – Motorola Has a Hit—in Brazil WSJ



---

TRADE & TRANSPORTATION

Pipeline – China to Build Project From Iran to Pakistan WSJ *

Pipeline – TransCanada delays Energy East G&M *

Pipeline – Northeast, despite highest gas costs, resists more projects AP



---

COMMODITIES

Crops – US farmers take a gamble with belt-tightening R *

Crops – Pesticides Linked to Honeybee Deaths Pose More Risks NYT

Crops – Kraft wheat case poses test for commercial traders FT *



---

ENERGY & ENVIRONMENT

NatGas – Shell to Buy LNG Player BG Group WSJ / FT / NYT / FT * * * * *

NatGas – LNG ‘Asian premium’ vanishes N * *



---

HEALTH

Ebola – 2 New Vaccines Pass Important Early Test NYT

Ebola – UN envoy upbeat on progress FT *

Ebola – Timeline of a ruthless killer / afp *



---

ENDNOTE

The cost of room service in 15 cities wapo *



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Today’s Issue Cluster: Mining

EMs – Entering an age of diminished expectations
Cigs – Giant faces tough competition in EMs
Coal – Modi looks to double production by 2020



---

MAJOR DATA POINTS

EZ – Feb: Retail Sales Fall After Four Monthly Rises; -0.2%, +3.0% yr / WSJ / eu *

Germany – Feb: Factory orders slip again; -0.9% from -2.6% / AFP *



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MARKETS




---

ECONOMICS

World – IMF warns of long period of lower growth FT *

World – Slowdown causes concern ft *

EMs – The great unravelling FT * * *

EMs – Entering an age of diminished expectations e *

EMs – Banks face tough challenge as growth slows FT



---

POLITICS & FISCAL POLICY

Greece – Spectre of Grexit back as cash runs out FT / FT *

Greece – Risks Slipping Back Into Recession, Say Analysts WSJ *

Greece – Frustrated officials want premier to ditch Syriza far left FT



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MONETARY POLICY




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FINANCE




---

REAL ESTATE




---

LABOR & EDUCATION




---

SERVICES

E-Cigs – Ad Campaign to Challenge Value in Quitting Smoking WSJ

E-Cigs – Big Tobacco is concerned for your health R

E-Cigs – Design Evolution / r *

Cigs – Investors Shrug Off Europe’s Regulatory Moves WSJ *

Cigs – Giant faces tough competition in EMs N *



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MANUFACTURING




---

TECH




---

TRADE & TRANSPORTATION

Delivery – FedEx to buy TNT Express for €4.4b FT / WSJ / NYT *



---

COMMODITIES

Mining – China’s steel consumption may soon start falling E *

Mining – Chinese government set to join the iron ore price war? r *

Mining – Iron Meltdown Raises Questions About Miners WSJ / FT / WSJ / b * *

Mining – Gold Bust Means Less Mine Spending B / WSJ

Mining – Barrick chairman aims to put shine back in gold miner FT * *

Mining – Metal Prices Aid Glencore’s Chances With Rio Tinto WSJ *

Mining – No big new diamond finds in the past 15 years FT *

Mining – Looks on Steadier Ground Than Big Oil WSJ *



---

ENERGY & ENVIRONMENT

Coal – Rio Tinto cuts Japan prices FT

Coal – Japan’s annual benchmark influence on the wane FT * *

Coal – A Fight in Australia Pits With Coral B *

Coal – Modi looks to double production by 2020 N

Coal – India at the coalface FT * * * * * *



---

HEALTH

Biotech – Big pharma turns to small firms for edge in cancer treatment FT * * *

Biotech – High price of gene therapy drug adds to costs debate FT *

Biotech – Europe seeks to emulate US investment boom FT / B

Biotech – European Dream in US WSJ *



---

ENDNOTE

The most popular spots to film movies in NYC wapo *



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---

Today’s Issue Cluster: Iran

World – Land has returned as a constraint on growth
Rail – US Board Seeks Stiffer Standards for Oil Tank Cars
Aluminum – The decline and fall of South American production



---

MAJOR DATA POINTS

EU – Mar: Producer price fall slows more than expected; +0.5%, -2.8% yr / R *

US – Feb: JOLTS job openings at 14-year high; +168K to 5.1m R *



---

MARKETS

Bonds – Corporate debt rally puts equities in shade FT * *

Bonds – Investors Scoop Up Companies’ Debt WSJ *



---

ECONOMICS




---

POLITICS & FISCAL POLICY

Iran – Deal primes market for rising exports FT * * *

Iran – Deal May Be Slow to Affect Oil Sector NYT / R / WSJ / E * *

Iran – Has a little surprise for oil markets that’s ready to ship B *

Iran – US, EU positioning N *

Iran – Deal Prospects Stir Hopes of Consumers, Importers WSJ / B / WSJ * *

Iran – Private Businesses Hope for Relief From Easing Sanctions WSJ *

Iran – Nuclear Deal Could Drive Foreign Investors to Stocks WSJ / WSJ *

Iran – Economic pressure grows on president as nuclear deal nears FT * *



---

MONETARY POLICY




---

FINANCE




---

REAL ESTATE

World – Land has returned as a constraint on growth E * * *

World – Tech innovators aim to shake up property industry FT

World – Silicon Valley Firms Plant Roots in Farm Belt WSJ *



---

LABOR & EDUCATION




---

SERVICES

Music – Pandora: going for a song FT *

Music – Scrutinizing the Streaming Model WSJ *



---

MANUFACTURING




---

TECH

EU – Regulators scrutinise Apple over music streaming plans FT / WSJ

EU – Lays Groundwork for Antitrust Charges Against Google WSJ / FT

EU – Steps Up Pressure on Tech Giants WSJ / NYT *



---

TRADE & TRANSPORTATION

Rail – Oil Shipments Take Slow Track WSJ *

Rail – US Board Seeks Stiffer Standards for Oil Tank Cars NYT

Rail – New rules take effect for ND oil shipments AP

Rail – Where the oil trains go / bi * *

Rail – Stock Ratio with Air Seen Lifting Off B *



---

COMMODITIES

Copper – Supply Problems Buff Away Some Tarnish WSJ * *

Aluminum – The decline and fall of South American production r * *



---

ENERGY & ENVIRONMENT

Oil – Surges on Signs of Growing Demand WSJ / WSJ

Oil – Companies are poised to post ‘ugly’ quarterly results WSJ / IBD *

Oil – Saudi strategy to retain dominance FT * *

Oil – Libya’s Biggest Port May Reopen B / NYT / motw *

Oil – Cheap crude, corruption charges hit China’s majors N *

Oil – Price Drop Offers Petro-States Chance to Curb Domestic Demand WSJ *



---

HEALTH




---

ENDNOTE

How genre affects musician life expectancy conv * *



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---

Today’s Issue Cluster: US Labor & Economy

Fed – The Inflation Cycle May Have Turned
US – Americans are returning to the far-flung suburbs
Cotton – The other globally glutted commodity



---

MAJOR DATA POINTS

US – Mar: ISM Nonmanufacturing Below Expectations; 56.5 from 56.9 / WSJ / R / AP

US – Mar: Markit services highest since August; 59.2 from 57.1 / R *



---

MARKETS




---

ECONOMICS

US – Falling Treasury Yields Raise Flags About Economy WSJ *

US – How serious is the slowdown? ft *

US – Consumers Should Emerge From Hibernation WSJ *

US – Americans Are Saving More, But for How Much Longer? wsj / B * * *

US – Coincident Indexes increased in 46 states / cr *

US – Companies Bring More Foreign Profit Home WSJ *

US – More Regulations Mean More Business For Outsourcers IBD



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY

Fed – Wary over US jobs but will wait to study trend FT / WSJ / FT *

Fed – The Inflation Cycle May Have Turned wsj *

Fed – Rate Rise Must Come to Terms With Investors WSJ *



---

FINANCE

US – Banks Are Poised to Profit From Forex Tumult WSJ *

US – Banks target Elizabeth Warren’s ‘rogue’ watchdog FT *

US – Banks Shift Bond Portfolios WSJ *

US – Banks Keep Loans Close to Home WSJ *

US – Regional Banks Fill Industrial Niche WSJ * *

US – New Bank Formation Weakest in 50 Years wsj * *



---

REAL ESTATE

US – Home-Price Growth Moderates WSJ / b * *

US – Home Prices Are Surging 13 Times Faster Than Wages B * *

US – Cities where houses are underwater / wapo * *

US – Housing Waits–and Waits–on Millennials wsj *

US – Americans are returning to the far-flung suburbs wapo * *

US – Vacation home market heating up WSJ * *

US – Reis Office Vacancy Rate declined in Q1 / cr *

US – AIA Architecture Billings Increases Slightly / cr *



---

LABOR & EDUCATION

US – Companies cut back sharply on hiring FT / R * *

US – Slowing Job Growth Tests Economy WSJ / NYT / AP / B *

US – ‘A Wake-Up Call About the Impact of the Strong Dollar’ b * *

US – The March Jobs Report in Charts / wsj * * *

US – Wage Growth Remains Largely in Check WSJ / b *

US – Low Continuing Claims May Not Be Good WSJ *

US – McDonald’s Joins Trend in Raising Pay WSJ / FT / B *

US – State Minimum Wage Map / bp *

US – Car-Making Boom? Not for Auto-Industry Workers WSJ *

US – The changing geography of employment ft * *



---

SERVICES




---

MANUFACTURING

F&B – Rising Demand Sweetens Sugar Prices WSJ

F&B – Health drive whets drink industry’s thirst for sugar alternative FT * *



---

TECH




---

TRADE & TRANSPORTATION




---

COMMODITIES

Cotton – With polyester, serves as a microcosm for globalization r *

Cotton – The other globally glutted commodity q * * * *



---

ENERGY & ENVIRONMENT




---

HEALTH




---

ENDNOTE

The most popular MLB team in every county bi *



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---

Today’s Issue Cluster: Autos

EU – Greece: Tells creditors it will run out of cash on April 9
Water – CA Almonds Use as Much Water as LA Uses in Three Years
EU – Spain: ‘Emerges as Model for Europe’



---

MAJOR DATA POINTS

US – Feb: Factory orders rise after six months of declines; +0.2% from -0.7% / R *

US – Feb: Lower trade deficit, ports dispute a factor; -$35b from -$43b / R / AP / WSJ / B *

US – Week: Applications for jobless aid plunge; -20k to 268k / AP / WSJ / R *



---

MARKETS

EU – Bonds: ECB Tailwinds Lift European Debt WSJ *

EU – Bonds: Negative yields – tide goes out / b *

EU – Stocks: Investors Still Bullish on Highflying European Equities WSJ *

EU – Stocks: US money invades eurozone shores FT * *

EU – Euros: Why American companies are borrowing more ft * *



---

ECONOMICS

EU – ECB policy makers question upbeat growth forecasts FT

EU – UK: Productivity weakness worsening, says ONS FT * *

EU – France: Business still waits for promised economic recovery FT * * *

EU – Italy: At Heart of Euro Question WSJ *

EU – EZ: Inflation rates dispersion / r *



---

POLITICS & FISCAL POLICY

EU – France: Defeat Highlights Split in Socialist Party FT / WSJ / NYT / motw *

EU – UK: Growth Data Fuel Election Debate WSJ *

EU – UK: Election 2015: Labour strains FT * * *

EU – Spain: ‘Emerges as Model for Europe’ S *



---

MONETARY POLICY

ECB – Bond-Buying Program Could Hinge on German Debt Supply WSJ *



---

FINANCE

EU – Surprising German Gift to European Banks WSJ *

EU – Risk-shy banks and companies keep credit on tight leash R

EU – ‘An integrated European market is still some way off’ E *

EU – Negative Rates Mean Tough Life for German Insurers WSJ / R *

EU – Greece: Tells creditors it will run out of cash on April 9 R

EU – Greece: Bank Deposits Plunge to 10-Year Low WSJ / AP

EU – Greece: ECB Lifts Ceiling on Emergency Loans WSJ

EU – Greece: Banks Feel Tension as Market Faith Wanes WSJ *

EU – Greece: Submits new list of reforms to eurozone FT / WSJ

EU – Greece: Looks to Russia as Deal With Europe Stumbles NYT



---

REAL ESTATE




---

LABOR & EDUCATION

EU – Double digit unemployment predicted even if eurozone recovers FT * *

EU – World’s huddled masses use 4 key land, sea routes AP *



---

SERVICES




---

MANUFACTURING

Autos – US: Sales Fall in March Amid Calendar Impact WSJ / FT / NYT / R / AP *

Autos – US: Billionaires And Web-Buying Shift Retail Dynamics IBD

Autos – Mexico: US workers face threat as car makers shift south R

Autos – Mexico: Makers Not Building New Factories in US WSJ * *

Autos – China: GM, Ford Make a Play for Luxury Buyers WSJ *

Autos – China: Foreign Auto Firms Under Fire WSJ / FT

Autos – China: A Tap on Brakes for Car Sales WSJ / AP

Autos – India: Mercedes seen overtaking Audi in luxury market R / WSJ *

Autos – Russia: Downturn takes toll on car sales FT / AP

Autos – Russia: GM to Indefinitely Idle Assembly Plant WSJ / FT / R / NYT *

Autos – EU: New Car Registrations Rise WSJ / AP

Autos – EU: Carmakers fight back against premium and low-cost rivals FT

Autos – UK: Industry fights ‘demonisation’ of diesel cars FT

Autos – Yamaha: Drives ahead with third attempt at four wheels * *

Autos – Tech: Ford, Mercedes-Benz Set Up Shop in Silicon Valley WSJ *

Autos – Tesla: Runs Out of Charge in China WSJ *



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TECH




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TRADE & TRANSPORTATION




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COMMODITIES

Water – Californians told to cut use by 25% FT / WSJ / R / NYT * *

Water – The Conditions That Forced CA Into Rationing B * * *

Water – CA Almonds Use as Much Water as LA Uses in Three Years mj * * *



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ENERGY & ENVIRONMENT




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HEALTH




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ENDNOTE

Most popular used car sale in each state in the US motw *



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Today’s Issue Cluster: Nigeria

Africa – Investment flows overtake aid flows
Rail – Million barrels of oil per day by train in US
Oil – US Imports From Opec Have Plunged to a 28-Year Low



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MAJOR DATA POINTS

Japan – Q4: Tankan businesses spending plans flat; 12 from 12 / B / AP

SK – Mar: Exports, half of the economy, declined; -4.2% from -3.3% / WSJ

China – Mar: Official Manufacturing PMI Rebounds; 50.1 from 49.9 / WSJ / R / AFP / AP / X *

Turkey – 2014: Growth slows; +2.9% from +4.4% / FT

Russia – Q4: Economy Unexpectedly Expanded; +0.4% from +0.9% / B

EZ – Mar: Markit Manufacturing Activity Picks Up; 52.2 from 51.0 / WSJ

US – Mar: Markit factory activity at five-month high; 55.7 from 55.1 / R

US – Mar: ISM manufacturing slipped; 51.5 from 52.9 / AP / b *

US – Mar: ADP Private-Sector Jobs Rise at Mediocre Pace; +189k from +214k / WSJ / ft / R / AP / r *

US – Feb: Construction spending falls for second straight month; -0.1% from -1.7% / R



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MARKETS

World – Investors Across the Globe Join the Party WSJ *

World – Global stock market by country / bespoke * *

World – Dollar supremacy in forex market affirmed by IMF report FT / WSJ *

World – Forex reserves in EMs begin to shrink FT *

World – Countries with Negative GDP Forecasts / b *



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ECONOMICS

Africa – Businesses Seek Out New Frontiers WSJ *

Africa – Investment flows overtaken aid flows ct *

Africa – Peaceful Transition Would Be Relative Rarity WSJ *



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POLITICS & FISCAL POLICY

Nigeria – Buhari triumphs in historic vote FT / WSJ / NYT / R / B / AFP

Nigeria – What to Expect From Vote: Bull to Bear Cases B

Nigeria – Election: ‘A powder keg’ e * * * *

Nigeria – Mapping a nation divided BBC * * *

Nigeria – Oil minister open to publishing audit on ‘missing’ revenue FT *

Nigeria – Oil Price’s Slide Deters Theft WSJ *

Nigeria – Power struggle FT * * *



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MONETARY POLICY




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FINANCE




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REAL ESTATE




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LABOR & EDUCATION




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SERVICES




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MANUFACTURING




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TECH

Telecoms – Google Pressures AT&T’s Broadband Prices WSJ

Telecoms – Bright House Deal Advances Malone’s Cable Ambitions WSJ *



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TRADE & TRANSPORTATION

Rail – Canada grain industry pushing for market-driven reform G&M

Rail – North American Roads Caught by Speed of Crude-Oil Collapse B

Rail – Million barrels of oil per day by train in US r *

Rail – ND’s new oil train safety checks seen missing risks R *

Rail – CN derailment numbers soared before recent crashes R * *



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COMMODITIES

Diamonds – De Beers Toughens Up Finance WSJ *

Diamonds – India’s polishers lose their sparkle FT / FT / FT *



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ENERGY & ENVIRONMENT

Oil – Shows Signs of Life WSJ / WSJ *

Oil – Support for prices set to fade FT *

Oil – Majors over a barrel due to falling reserves FT * *

Oil – Mapping world transport R *

Oil – US Imports From Opec Have Plunged to a 28-Year Low B *

Oil – Some Energy Companies Find the Going Tough WSJ *

Oil – China fourth biggest producer r *

Oil – Producers Sound Retreat From China WSJ *



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HEALTH




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ENDNOTE

The patent for toilet paper should settle the over vs under debate t *



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