Bz Nwz




---

Today’s Issue Cluster: Ukraine

Air – Profits Tell of a Turnaround by Major Airlines
Crops – Midwestern farmers fighting explosion of ‘superweeds’
Coal – China’s Plan to Limit Use Could Spur Consumption for Years



---

MAJOR DATA POINTS

Japan – Jun: Slower Inflation Highlights BOJ Reflation Task; 3.3% from 3.4% / B / WSJ / R *

Russia – Q2: Avoids Slipping Into Recession; +0.1% / WSJ

Germany – Jul: Ifo business confidence drops for 3rd month; 108.0 from 109.7 / B / AP *

UK – Q2: Economy grows to surpass pre-crisis peak; +0.8%, +3.1% yr / AP / B / FT / WSJ *

US – Jun: Durable goods orders rebound; +0.7% from -1.0% / R / WSJ / B *



---

MARKETS

Bonds – Investors Retreat From Junk WSJ / FT * *

Bonds – Wall Street Takes a Shine to Argentina WSJ / NYT *



---

ECONOMICS

US – Obama presses to close corporate tax loophole ‘inversions’ R / NYT / WSJ / FT

US – Warned of up to 25 groups eyeing foreign switch to cut tax FT / WSJ / NYT *

US – Tax Inversions Turn Into Campaign Fodder WSJ *



---

POLITICS & FISCAL POLICY

Ukraine – Russian Central Bank Raises Key Interest Rate WSJ / AP / B

Ukraine – EU Narrows Divide Over Russian Sanctions WSJ / B / R / FT / WSJ

Ukraine – Russian ties, trade lie behind EU sanctions rift R / NYT *

Ukraine – Russian execs fear lasting damage from plane crash AP / AP / WSJ

Ukraine – German lawmakers raise doubts about Russia hosting soccer World Cup R *

Ukraine – Russia and Kiev at odds over gas deal FT * * *



---

MONETARY POLICY




---

FINANCE

US – Wall Street trades home mortgages for corporate credit FT * *



---

REAL ESTATE

US – New-Home Slowdown Pressures Recovery WSJ *

US – It’s unusually tough right now to find a newly built home wapo *

US – The Foreclosure Fade wsj * * * * *

US – Is It Really That Hard to Get A Mortgage? wsj *

US – AIA: Architecture Billings Index increased in June cr *



---

SERVICES

Cigs – Tobacco smoking in the US wapo *

Cigs – Why Social Epidemics Spread Faster in Some Countries Than Others MIT *

E-Cigs – Officials Focus on Ads Aimed at Youths NYT

E-Cigs – Which countries have banned electronic cigarettes vox *

E-Cigs – What Do We Really Know About the Safety? 538 *



---

MANUFACTURING

Planes – Attacks Spur Debate on Antimissile Systems for Passenger Jets WSJ *



---

TECH

Qualcomm – China a step closer to sanctions FT / WSJ / R *

Amazon – Losses widen, shares drop R / WSJ / FT / NYT / B / q * * *



---

TRADE & TRANSPORTATION

Air – Fatalities Worst Since 2010 WSJ / FT / AP / WSJ / q * *

Air – Profits Tell of a Turnaround by Major Airlines NYT

Air – New Startup Airlines Crowd the Skies WSJ



---

COMMODITIES

Crops – Corn: Farmers Face a Cash Crunch WSJ * *

Crops – Midwestern farmers fighting explosion of ‘superweeds’ R

Crops – Soil degradation r *



---

ENERGY & ENVIRONMENT

Coal – China’s Plan to Limit Use Could Spur Consumption for Years NYT

Coal – China’s Energy Plans Will Worsen Climate Change, Greenpeace Says NYT

Coal – Japan to Step Up Support for Overseas Use WSJ



---

LABOR & EDUCATION

EU – Spain: Labor market turns the corner FT / AFP / AP / q * *

EU – Spain: Has implemented more reforms towards flexibility / b *

EU – Spain: Still no relation between reforms & performance / b *

EU – Spain: Still waiting to feel recovery in their pockets FT *



---

HEALTH




---

ENDNOTE

What’s across the ocean from beaches in the Americas wapo *



---




---

Today’s Issue Cluster: Canada




---

MAJOR DATA POINTS

SK – Q2: Growth Slows More Than Forecast on Consumption Drop; +0.6%, +3.6% yr / B / AP

Japan – Jun: Trade deficit widens; -$8b from -$1b / AP / WSJ *

China – Jul: HSBC flash PMI rises to 18-month high; 52.0 from 50.7 / R / WSJ / B *

EZ – Jul: Markit PMI picking up steam despite France; 54.0 from 52.8 / AP / B / R / NYT *

US – Jun: New home sales post biggest drop in almost a year; -8.1% to 406k from 442k / R * *

US – Week: Jobless Claims Drop to Lowest Level Since 2006; -19k to 284k / WSJ / R / B *

US – Jul: Markit factory expansion slows; 56.3 from 57.3 / R * *



---

MARKETS

Currencies – Intervention fears hit Asian EMs FT

Currencies – Interest in Riskier Bonds Stirred, Not Shaken WSJ *

Currencies – Weaker Euro is a Bear Necessity WSJ

Currencies – Dollar Dominance Intact as US Fines on Banks Raise Ire B *

Currencies – Japan’s retail investors pile into US dollar funds FT *

Currencies – Rupee Buoyed by India’s Near-Record Reserves B *



---

ECONOMICS

Canada – ‘Alberta Oil Clout Dominating Unbalanced Economy’ B

Canada – Feds should run small deficit to create thousands of jobs: report CP

Canada – A Central Banker’s Unusual Approach WSJ *



---

POLITICS & FISCAL POLICY

EU – Luxembourg tax regime: Under siege FT * * *

EU – A New Plan to Boost Straggling Investments S *

EU – Infrastructure Cutbacks Worry Economists WSJ *



---

MONETARY POLICY

BOE – Carney signals raise in interest rates FT / R / B

RBNZ – Raises rates, but set to pause for a while R / WSJ / B

MNB – Hungary Central Bank Cuts Main Rate More Than Forecast B / WSJ



---

FINANCE

Canada – Big 5 Banks Now Big 3 as Assets Diverge B *



---

REAL ESTATE

Canada – Housing bears stand their ground as prices keep rising G&M *



---

SERVICES




---

MANUFACTURING

Planes – Boeing Earnings Take Hit Over Problems in Air Force Tankers NYT / FT / WSJ / R

Planes – Airbus, Boeing Add to Massive Backlogs at Farnborough Air Show WSJ / FT

Planes – Emirates calls on Airbus to revamp A380 superjumbo FT / R

Planes – Aircraft Makers Narrow Engine Options WSJ

Planes – Bombardier to cut 1,800 jobs, aerospace head retires R



---

TECH

Internet – Google’s Vint Cerf: Good That US Will No Longer Be Bodyguard bi

Internet – EU says policy applies to Google’s US website FT



---

TRADE & TRANSPORTATION




---

COMMODITIES

Sugar – Investors Bank on Squeeze WSJ *



---

ENERGY & ENVIRONMENT

Oil Sands – Under fire on Canada’s East Coast G&M

Oil Sands – Foreign investors ‘scared off’ M&A expert says FP

Oil Sands – Linked to higher cancer rates in Fort Chipewyan NP *

Oil Sands – Canada energy deals rebound as shale trumps R *



---

LABOR & EDUCATION




---

HEALTH




---

ENDNOTE

The main etymologies of European currencies (pre-euro) motw *



---




---

Today’s Issue Cluster: US Health Insurance

EU – ECB will disclose unprecedented data after bank stress tests
HK – Top Properties Resist Market Forces
Crops – Coffee: Almost half of the world actually prefers instant



---

MAJOR DATA POINTS




---

MARKETS

Bonds – Behind the Trading Burst That Shored Up Wall Street’s Bottom Line WSJ *

Bonds – Crunch time for Treasuries as end of QE looms FT * *



---

ECONOMICS

Asean – Long on optimism FT * *

Asean – Midnight feasters give businesses plenty to feed on N *

Asean – ‘Asia shifts away from Japan to China’ CD *



---

POLITICS & FISCAL POLICY

Indonesia – Widodo elected president FT / WSJ / NYT * * * *

Indonesia – Widodo Targets Growth Unseen Since 1990s Asia Crisis B / R / R / r * * * *



---

MONETARY POLICY




---

FINANCE

EU – NY Fed hits at Deutsche Bank’s ‘unreliable’ reports FT / WSJ / NYT / B

EU – Reality check for banks FT * *

EU – ECB will disclose unprecedented data after bank stress tests R *

EU – Credit crisis far from over for small businesses FT *



---

REAL ESTATE

HK – Top Properties Resist Market Forces NYT

Singapore – Property Market Continues Softening WSJ / FT



---

SERVICES

F&B – As Cereal Slips, a New Battle Over Breakfast Dollars WSJ * *

F&B – Meat Prices Rising More Than Fresh Fruits and Vegetables wsj *

F&B – Consumers Forgo Meals in Favor of Snacks Several Times a Day WSJ * *

F&B – China’s food scandal / r *



---

MANUFACTURING




---

TECH

Mobiles – Apple revenue lags Street view despite strong China growth R / FT / WSJ / NYT / NYT / B / R / wsj / q * * * * *

Mobiles – As Phone Growth Slows, Carriers Turn to Tablets WSJ *



---

TRADE & TRANSPORTATION

Rail – Train operators are cashing in on shale gas FT * * *

Rail – US Seeks New Rules for Transport of Fuel WSJ

Rail – Car Shortage in US Pushes Up Lease Rates WSJ



---

COMMODITIES

Crops – Grain: Huge supplies on tap, USDA says R / WSJ / FT *

Crops – Quinoa: Rides the ‘Superfoods’ Wave WSJ *

Crops – Coffee: Almost half of the world actually prefers instant wapo * *

Crops – Sugar: China imports set to lose sweet spot CD *



---

ENERGY & ENVIRONMENT

NatGas – Australian Coal-Seam Projects Blow Past Budgets WSJ *

NatGas – Prices Drop on Greater-Than-Expected Surplus WSJ * *

NatGas – Putin suggests ending Gazprom pipeline monopoly FT

NatGas – Pipeline Plan Roils Rural Massachusetts NYT *



---

LABOR & EDUCATION




---

HEALTH

Insurance – Subsidy Loss May Boost Premiums B / AP / FT / WSJ / NYT / B / R / wapo / a * * * *

Insurance – Some Governors Face Fallout Over Health Law Ruling WSJ *

Insurance – Sign-Ups Not the Only Way to Gauge Health Law’s Success WSJ * * *

Insurance – ‘ObamaCare Funding Cliffs Imperil Coverage, Access’ IBD *

Insurance – Sick Drawn to New Coverage in Health-Law Plans WSJ *

Insurance – Premiums Rise at Big Insurers, Fall at Small Rivals Under Health Law WSJ *

Insurance – ER Visits Rise Despite Law WSJ *



---

ENDNOTE

World map of rail gauges motw *



---




---

Today’s Issue Cluster: Mobiles

Ukraine – Sanctions on Russia Hit German Economy Hard
Livestock – Roosters’ fertility problem hits US chicken supply
Coal – US Power Plant Turns to Russia for Shipment



---

MAJOR DATA POINTS

US – Jun: Consumer Prices Rose; +0.3% from +0.1% / WSJ / AP / R / B * *

US – Jun: NAR home resales rises to eight-month high; +2.6% / B / WSJ / R / AP * *



---

MARKETS

Private Placements – US faces competition from Europe FT * *



---

ECONOMICS

BRICs – Critics warn the group is bound by frustration FT *

BRICs – Hurling BRICS at the World Bank and the $ cfr *



---

POLITICS & FISCAL POLICY

Ukraine – European Businesses Could Be Forced to Act WSJ / FT / R / B / WSJ

Ukraine – European sanctions on Russia seen limited for now, despite tough talk R / FT

Ukraine – Sanctions on Russia Hit German Economy Hard S *

Ukraine – EU threatens Russia with more sanctions, but words ring hollow R / FT / WSJ / S / q *



---

MONETARY POLICY




---

FINANCE

US – Dodd-Frank has made banks safer but slowed economy, data show FT *

US – Top banks see loan losses fall amid stricter lending standards FT

US – For Banks Near Cutoff, Bigger Isn’t Necessarily Better WSJ *

US – Wall Street Adapts to New Regulatory Regime WSJ

US – House Republicans Take Aim at Dodd-Frank WSJ / WSJ *



---

REAL ESTATE




---

SERVICES

Ads – Mobile Spending Leaps, but Trails User Growth WSJ *

Ads – Facebook clicks on the ‘buy’ button to measure effectiveness FT * * *



---

MANUFACTURING




---

TECH

Mobiles – Next iPhone Will Offer Bigger Screens WSJ *

Mobiles – Intel’s Answer to iPad: Cheap Prices WSJ * *

Mobiles – Revenue from Google Play set to overtake Apple’s app store in 2018 q *

Mobiles – Sprint, T-Mobile Could Raise $10b for Spectrum Auction WSJ

Mobiles – Wireless Operators’ Growing Pains WSJ *

Mobiles – Slim Owns TracFone That Could Serve as Building Block WSJ / R *

Mobiles – China Mobile to build 500,000 4G base stations X

Mobiles – Huawei gains from China telecoms spending FT

Mobiles – China on the verge of becoming saturated q *

Mobiles – China’s Xiaomi Targets India in Smartphone Sales Push B / R



---

TRADE & TRANSPORTATION




---

COMMODITIES

Livestock – China Meat Supplier ‘Appalled’ by Allegations WSJ / FT

Livestock – Worries Over Meat Supplier Spread to Japan WSJ / FT

Livestock – Rising Prices, Exports Have Meat Producers On A Roll IBD

Livestock – Roosters’ fertility problem hits US chicken supply R *

Livestock – Beef pollutes more than pork, poultry, study says AP *



---

ENERGY & ENVIRONMENT

Coal – US Power Plant Turns to Russia for Shipment B

Coal – Fuels Brewpubs in Wyoming as Kentucky Mines Misery B *

Coal – Project at KY plant to catch CO2 AP / NYT



---

LABOR & EDUCATION




---

HEALTH




---

ENDNOTE

Consumption Spreads Faster Today: The 100-Year March of Technology a *



---




---

Today’s Issue Cluster: Latin America

China – First Mortgage Debt Since Crisis Shows Li Concern
Milk – ‘The coming global glut’
US – White House Sees Few Labor Dropouts Returning



---

MAJOR DATA POINTS




---

MARKETS

Bonds – EM debt issuance hits record high FT * *

Bonds – Junk debt appetite wanes FT *



---

ECONOMICS

Argentina – Stopping a repeat of debt war FT / FT / B *

Argentina – If Debt Dispute Settled, More Claims Could Come WSJ

Argentina – Looks to China and Russia for support FT *

Puerto Rico – Real-Estate Investors See No Problems WSJ / WSJ * *

Mexico – Economy refuses to spark FT *

Mexico – Foreigners enthuse over Nieto’s reforms; locals are warier E * *

Colombia – Economy surges R *

Chile – Limits to growth FT * * *

Brazil – Lessons From Their War on Poverty 538 *

LatAm – Chases goals off the pitch FT * *

LatAm – Poverty, violence drive Central American exodus to US R *

LatAm – ‘Time to improve criminal justice’ E * * *



---

POLITICS & FISCAL POLICY




---

MONETARY POLICY




---

FINANCE

G20 – Carney leads push to break ‘too big to fail’ impasse FT *



---

REAL ESTATE

China – Posts Sharper Fall in Home Prices in June WSJ / B / b / b * *

China – First Mortgage Debt Since Crisis Shows Li Concern B / q * * *

China – Rich look abroad as home prices fall, others stay put R



---

SERVICES

Cigs – Jury Slams R.J. Reynolds With $23b in Damages WSJ / FT / AP / NYT / AP



---

MANUFACTURING

Defense – Japan Inc. Now Exporting Weapons WSJ

Defense – As China Stalks Satellites, US and Japan Prepare to Defend Them BW *

Defense – Cut Weapons Now, but Then What? WSJ *

Defense – Britain Frets Over Cost of Restoring Carriers WSJ *

Defense – Top five arms dealing nations and their biggest clients / afp *



---

TECH




---

TRADE & TRANSPORTATION




---

COMMODITIES

Milk – America’s Move to Soy Hobbles Dairy WSJ *

Milk – ‘The coming global glut’ q *



---

ENERGY & ENVIRONMENT

Oil – Prices fall to lowest in 3 months / r *

Oil – Supply setbacks will push price higher FT *

Oil – US: White House Opens Door to Exploring Atlantic NYT / B / R / AP

Oil – Iraq: Kurds pump from Kirkuk in defiance of Baghdad FT

Oil – China: Flexes Might With Energy Giants WSJ *



---

LABOR & EDUCATION

US – Wages remain stubbornly static, slowing the recovery FT *

US – Lower Job Churn Hurts Young Workers WSJ *

US – Young Workers, Short Tenures WSJ * * *

US – White House Sees Few Dropouts Returning wsj / bi * * * *



---

HEALTH

Pharma – Competition, Stock Surge Fuel Boom in Mergers WSJ / bi * *

Pharma – AbbVie $54b Deal for Shire to Reduce Taxes FT / WSJ / NYT / FT / WSJ * * *

Pharma – Who Should Pay the Bill for Wonder Drugs? BW *



---

ENDNOTE

New York’s rumored, very unofficial “dollar van” routes wapo *



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---

Today’s Issue Cluster: US Real Estate

Ukraine – Russian Reliance on Chinese Loans May Blunt Sanctions’ Impact
Chikungunya – Threat rises in US from mosquito-borne virus
EU – Germany Caught Off Guard By Surge in Refugees



---

MAJOR DATA POINTS

US – Jun: ConfBd leading indicators rose; +0.3% from +0.7% / AP

US – Jul: UMich consumer sentiment dips in preliminary reading; 81.3 from 82.5 / R / cr *



---

MARKETS




---

ECONOMICS




---

POLITICS & FISCAL POLICY

Ukraine – US uses capital markets sanctions to cut deep into Russian economy FT * * *

Ukraine – Russian Reliance on Chinese Loans May Blunt Sanctions’ Impact NYT

Ukraine – Russia sanctions: perfect timing FT / FT *

Ukraine – US Business Groups Fear Russian Reprisal WSJ



---

MONETARY POLICY




---

FINANCE

US – Bank Lending Accelerates After Slump WSJ *

US – A Difficult Quarter Again Seen for Banks WSJ *



---

REAL ESTATE

US – Blame It on the Rain: Slump in Housing Starts Driven by Record Drop in the South WSJ * *

US – Bargain-Hunting Investors Are Spurring Surge in Home Prices NYT

US – Forecast Says Home Prices Are Overvalued, Will Peak In 2016 wsj * *

US – More Homeowners Are Tapping Their Home Equity WSJ *

US – Downside of low mortgage rates? Less selling AP

US – All in the Family Home: Record 57m Living in Multi-Generational Households wsj *

US – Homeownership Rate for Millennials Has Hit Bottom wsj * *

US – China Fuels Surge in Foreign Purchases of Housing WSJ / wsj / 538 * * * * *

US – Retail Rents on Rise as Space at a Premium WSJ *

US – Reis: Strip Mall Vacancy Rate declined slightly cr *

US – Reis: Apartment Vacancy Rate unchanged cr *

US – Axiometrics: Apartment market just had its best quarter since 2001 bi *



---

SERVICES

Ads – Google searches out new forms for sales jump FT / WSJ / NYT *

Ads – Yahoo Prices: ‘Something Went Dramatically Wrong’ WSJ / NYT / wsj *

Ads – Fraud lurks in shadows of changing digital advertising landscape FT * * *



---

MANUFACTURING

Defense – Philippines Military Goes on Shopping Spree WSJ *

Defense – Life is likely to keep getting harder for makers of military equipment E * *



---

TECH

Microsoft – Sheds 18k jobs FT / WSJ / NYT / AP / R / B / FT / WSJ / q * * * * *

Foxconn – Struggles to adjust to China’s changing labor landscape FT * * *

Twitter – Tries to Resize Itself WSJ *



---

TRADE & TRANSPORTATION




---

COMMODITIES




---

ENERGY & ENVIRONMENT

Carbon – Australia Becomes First Developed Nation to Repeal Tax WSJ / FT / AP / R / NYT / ABC / SMH * *



---

LABOR & EDUCATION

US – Immigration: Life on the line FT * *

EU – Germany Caught Off Guard By Surge in Refugees S / S *



---

HEALTH

Chikungunya – Threat rises in US from mosquito-borne virus R



---

ENDNOTE

Battle of the Tricolor: Horizontal vs. Vertical Flags reddit / motw *



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---

Today’s Issue Cluster: Nuclear

Ukraine – Russia’s Retaliation Over EU Deal Awaits Moldova
China – June Home Sales Rise 33% as Price Cuts Lure Buyers
Metals – Waste: Southeast Asian firms mine riches



---

MAJOR DATA POINTS

EZ – Jun: Inflation unchanged at low levels as expected; +0.1%, +0.5% yr / R *

US – Week: Jobless Claims Unexpectedly Decreased; -3k to 302k / WSJ / AP / R / B

US – Jun: Home construction drops; -9.3% from -7.3% / WSJ / R / B / AP * *



---

MARKETS

Bonds – Cautious banking drives growth FT *

Bonds – JGB rally bodes ill for a resurgent economy FT / WSJ * *

Bonds – China Plays a Big Role as US Treasury Yields Fall WSJ *



---

ECONOMICS

Russia – Retail Sales Grow Slowest Since 2010 on Sanctions B

Russia – Euro-Zone Trade Down Sharply WSJ

Russia – Wooing China runs into local difficulty in far east FT * *

Russia – Losing battle with stagflation q *



---

POLITICS & FISCAL POLICY

Ukraine – US sanctions target major Russian companies FT / WSJ / NYT / AP / R / B

Ukraine – EU Readies Russia Sanctions WSJ / AP / B

Ukraine – Russian Markets Hit by Fresh Sanctions WSJ / AP / AP / B / AP

Ukraine – Russia’s Retaliation Over EU Deal Awaits Moldova MT



---

MONETARY POLICY




---

FINANCE




---

REAL ESTATE

China – June Home Sales Rise 33% as Price Cuts Lure Buyers B

China – Housing Sales Fall in First Half of 2014 WSJ *

China – Property Looms Over Target WSJ *

China – Profit warnings highlight property threat FT

China – World’s ‘tallest’ tower now a watermelon field CD *



---

SERVICES

Media – Time Warner Rejects $80b Offer From Fox WSJ / FT / NYT / R / B * * * *

Media – Fox Sets stage for dramatic scene change FT / NYT / R / WSJ / FT *

Media – Fox Move Signals M&A Time WSJ / nyt *

Media – TV, Film Producers Seek Profits In Streaming Niches IBD

Media – Battle for the Bigger Screen NYT



---

MANUFACTURING




---

TECH




---

TRADE & TRANSPORTATION

Ship – US port strike fears hit supply chains FT

Ship – Great Lakes industry to inject $500m into infrastructure G&M *



---

COMMODITIES

Metals – Palladium: Buys Most Gold Since ’04 on Shortage B *

Metals – Gold: Time called on the London fix FT / WSJ

Metals – Gold: Global appeal / N *

Metals – Silver: New price is ‘improvement’ on fix FT *

Metals – Waste: Southeast Asian firms mine riches N *



---

ENERGY & ENVIRONMENT

Nuclear – Japan: Two Reactors Gain Safety Clearance FT / WSJ / AP

Nuclear – Japan: Tries Ice Wall to Stem Radiation WSJ / AFP * *

Nuclear – Japan: Costs mount for idled reactors R / FT / B *

Nuclear – Japan: ‘Ring of Fire’ volcano risk the last obstacle R / r * *

Nuclear – China: Industry needs public support to expand FT / B / CD *

Nuclear – China: Project points way ahead for EPR technology FT

Nuclear – Europe: Sector looks worldwide to keep skills sharp FT / am *

Nuclear – Germany: Utilities Look to Taxpayers S / FT *

Nuclear – France: To set nuclear power cap FT *

Nuclear – US: Industry Gains Carbon-Focused Allies in Push to Save Reactors NYT

Nuclear – US: Plants prepare long-term waste storage AP

Nuclear – Canada: The made isotope shortage facing medical scans CBC

Nuclear – World: ‘Uranium price collapse has made miners radioactive’ q * *

Nuclear – World: Thorium may soon contribute to the world’s electricity E

Nuclear – World: Tiny power plants hold promise AP

Nuclear – World: Researchers find advantages in floating power stations E *

Nuclear – World: The nuclear planet / N *

Nuclear – World: Power plants map / motw *



---

LABOR & EDUCATION




---

HEALTH




---

ENDNOTE

Gini Coefficiency of the US States reddit *



---




---

Today’s Issue Cluster: Oil

Cigs – US tobacco’s future emerges through the vapor
Appliances – China’s market running out of steam
Ebola – Fear, cash shortages hinder fight against outbreak



---

MAJOR DATA POINTS

China – Q2: GDP Ticks Up; +7.5% from +7.4% / WSJ / R / B / NYT / FT / AP *

US – Jun: Producer prices rise more than expected; +0.4% from -0.2% / R / AP / B / WSJ

US – Jun: Industrial production edges higher; +0.2% from +0.5% / R / AP / WSJ / B / cr *

US – Jul: NAHB Home-Builder Optimism Hits 6-Month High; 53 from 49 / WSJ / AP *



---

MARKETS

EMs – Central banks rebuild hard currency reserves FT / R * * * *



---

ECONOMICS




---

POLITICS & FISCAL POLICY

US – CBO Sees Medicare’s Financial Picture Improving WSJ * *

US – Medicare Payments to Individual Providers Per Enrollee / B *



---

MONETARY POLICY

Fed – Yellen Says Weak Job Market Shows Economy Still Needs Stimulus WSJ / R / B / AP / NYT / wsj *

Fed – Yellen is redefining the Federal Reserve NYer / bi * *



---

FINANCE

BRICs – Brazil Hosts Talks On New Development Bank WSJ / WSJ / AP / B / R / NYT * * *



---

REAL ESTATE




---

SERVICES

Cigs – Reynolds American to Buy Lorillard for $25b WSJ / FT / NYT *

Cigs – America’s Smokers: Still 40m Strong WSJ *

Cigs – US tobacco’s future emerges through the vapor FT / NYT * *



---

MANUFACTURING

Appliances – Whirlpool Expands Its Presence in Europe WSJ

Appliances – China’s market running out of steam N



---

TECH




---

TRADE & TRANSPORTATION

WTO – US loses case against China and India FT

WTO – India threatens deal over food security dispute FT

TPP – Japan says talks agree broadly on labor, health issues R / NYT

TTIP – US and EU unions criticise transatlantic trade deal FT / NYT



---

COMMODITIES

Metals – Steel: Beijing Fights Losing Battle to Rein In Factory Production WSJ * *

Metals – Nickel: Miners Emerge From Slump WSJ *



---

ENERGY & ENVIRONMENT

Oil – US: Shale revolution has averted the threat of a global crisis FT * * * *

Oil – US: The Fight to Export BW * *

Oil – US: ‘Shale Boom fizzling out?’ N

Oil – US: Shale Seen Shifting Flows at America’s Biggest Oil Port B

Oil – US: Tankers caught in cross-currents of changing flows FP

Oil – Canada: Booming US output elbowing out Alberta’s crude FP

Oil – Iran: Exports Dropped to Lowest Level Since October WSJ

Oil – Iraq: Kurds take over 2 northern fields AP / WSJ / N * * *

Oil – Libya: Cracks Start Showing in Recovery WSJ

Oil – UK: Watchdog cuts North Sea forecast FT *

Oil – UK: Companies welcome North Sea tax review FT * * *

Oil – Norway: Arctic prospects lure explorers FT / FT *



---

LABOR & EDUCATION

Pensions – Japan’s Private Funds Eye Riskier Assets WSJ * *

Pensions – Detroit Rolls Out New Model: A Hybrid Plan NYT

Pensions – Illinois fund lowers investment return rate R *

Pensions – OECD spending projections show consolidation needed / b *



---

HEALTH

Ebola – Crisis in West Africa deepens NYT / AP

Ebola – Fear, cash shortages hinder fight against outbreak R / AFP *

Ebola – Hemorrhagic Fever Outbreak / CDC *



---

ENDNOTE

General naming formats/customs across Eurasia and North Africa motw *



---




---

Today’s Issue Cluster: Aviation

China – Bank loans beat expectations as Beijing steps on the gas
Retail – Higher Prices on Staples Could Crimp Back-to-School Shopping
Water – A California Oil Field Yields Another Prized Commodity



---

MAJOR DATA POINTS

Germany – Jun: ZEW Investor Confidence Drops for Seventh Month; 27.1 from 29.8 / B / AP / b *

US – Jun: Retail Sales Rise Modestly; +0.2% from +0.5% / WSJ / R / AP / cr *



---

MARKETS

M&A – Race to Cut Taxes Fuels Urge to Merge WSJ / FT / NYT * *



---

ECONOMICS

China – Bank loans beat expectations as Beijing steps on the gas R / WSJ / b *

China – Exports May Have (Gently) Turned a Corner wsj * *

China – 2013 exaggeration export trend tough to read; N. Asia sales weak b *

China – Promising signals of economic health FT *

China – Local Governments Pile On Stimulus B

China – ‘Downward pressure burdens economy’ X

China – ‘Impact beyond commodities’ CD *

China – Xi’s anti-graft drive threatens to stifle growth N *

China – Corruption conundrum – high corruption co-exists with high growth / b *



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POLITICS & FISCAL POLICY

China – Asian Nations’ Fears of War Elevated as Beijing Flexes Muscle WSJ *

China – Hoping to project power, Beijing finds itself alone AP *



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MONETARY POLICY

ECB – Debt Purchases Within Mandate, Draghi Says WSJ / ft / B / NYT / R / AP



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FINANCE




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REAL ESTATE

EU – Property IPOs reach 8-year high FT / FT * * * *



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SERVICES

Retail – Higher Prices on Staples Could Crimp Back-to-School Shopping wsj *

Retail – Slowing Customer Traffic Worries US Stores WSJ *

Retail – Investors have fled, creating an opportunity Bn * *



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MANUFACTURING

Planes – Market: No End to Jetliner Boom, Says Boeing WSJ / NYT / R / R *

Planes – Market: Boeing and Airbus Dominate Skies as Air Show Looms WSJ / R / WSJ

Planes – Wide: Plane Makers’ Sweet Spot: Bigger, but Not Too Big WSJ

Planes – A320: Airbus to Deliver Neo Jets With Improved Engines WSJ

Planes – A330: Airbus undercuts Boeing with price FT / WSJ / FT / AP / R / NYT

Planes – 737: Adds Seats to Boost Low-Cost Carrier Appeal WSJ / B

Planes – 787: Boeing Says Reliability of Dreamliner Is Still Falling Short WSJ

Planes – Boeing: Reshapes military strategy in the face of US defense cuts FT

Planes – Embraer: In Talks to Sell 60 Planes to Chinese Airlines WSJ / R / WSJ

Planes – Bombardier: Says firmer economy to boost deliveries R / R

Planes – Drones: Washington May Ease Export Controls on Military Models WSJ

Planes – Zeppelins: Giants of the Skies Return WSJ *



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TECH




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TRADE & TRANSPORTATION

Air – Asian Budget Lines Add Long-Distance Service WSJ *

Air – Weaker Yuan Creates Rough Weather for China’s Lines WSJ *

Air – Middle East, Asia airports jockeying for status of global hub N *

Air – Heathrow boss expansive on hub’s third runway FT *

Air – UK airport review: are hubs the future or not? E *

Air – Berlin’s Ill-Fated Airport Faces Insolvency S *



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COMMODITIES

Water – California Expected to Set Mandatory Curbs WSJ *

Water – A California Oil Field Yields Another Prized Commodity NYT *

Water – More people, antiquated irrigation mean rising food imports for Egypt R / r *

Water – Scarcity’s cost to companies FT * * *



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ENERGY & ENVIRONMENT

Coal – Miners Struggle as China’s Appetite Eases WSJ *

Coal – Japan at cutting edge of turning energy more green N * * *



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LABOR & EDUCATION




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HEALTH




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ENDNOTE

Airbus wants to patent a way to guarantee you even less legroom q *



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Today’s Issue Cluster: India

Ship – Petro-pirates plague busy Southeast Asia lanes
Metals – Steel: Cars Shift Use in China
Cigs – A Tobacco CEO Who ‘Vapes’ Could Alter the Industry



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MAJOR DATA POINTS

EZ – May: Industrial production stumbles, recovery still frail; -1.1% from +0.7% / R / NYT / WSJ / eu *



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MARKETS




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ECONOMICS

India – Promises to Lift Economic Growth With New Budget WSJ / FT / NYT / AP / B / FT * * *

India – Capital-Raising Is Poised to Rise WSJ *

India – Expects Narendra Modi-inspired equity spree FT *

India – Bulls charge ahead on reform hopes FT * * *

India – Modi prepares to raise FDI limits FT / FT * *

India – Launches Chinese-style economic revival plan FT

India – Clash of the titans with China FT *

India – Modi eyes first labor overhaul in decades to create jobs R * *



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POLITICS & FISCAL POLICY

EU – Italy accused of blocking tougher sanctions on Russia FT

EU – How Italy became a submerging economy R

EU – Italy’s Would-be Savior of Europe Has Much to Do at Home WSJ *



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MONETARY POLICY

Fed – Rate Debate Heats Up Among Officials WSJ

Fed – Explores overhaul of key rate FT / FT *

Fed – Rising bond yields point to rate rises FT * *

Fed – House Republicans Resume Push to Rein In Bank NYT

Fed – Yellen vs. Bullard on Wages and Inflation: Who Is Right? cfr *



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FINANCE

Malaysia – Analysts query logic of three-way bank merger FT / WSJ / B / R / FT / FT



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REAL ESTATE




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SERVICES

Cigs – Reynolds American, Lorillard Confirm Merger Talks WSJ / NYT / FT / FT / R * * * * *

Cigs – A Tobacco CEO Who ‘Vapes’ Could Alter the Industry WSJ

Pot – Colorado market shows a bigger high than expected FT / 538 *

Pot – The great experiment E * * *



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MANUFACTURING

Turbines – Makers adapt to winds of change FT * *



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TECH

Mobiles – China Labels iPhone a Security Threat WSJ *

Mobiles – Apple calls Samsung’s bluff: Bet on high ground pays off FT / NYT



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TRADE & TRANSPORTATION

Ship – Maersk forms new alliance with MSC after Chinese setback FT / WSJ *

Ship – Natural Gas Demand, Asia Drive Stocks Higher IBD

Ship – Petro-pirates plague busy Southeast Asia lanes R *



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COMMODITIES

Metals – Base: Return to investors’ radar FT

Metals – Gold and silver hit three-month highs FT *

Metals – Copper: On the rebound as sentiment shifts FT * * *

Metals – Vanadium: Miner Puts Pedal to the Metal WSJ / FT *

Metals – Palladium: Rises to 13-Year High on Expectations of Low Supplies WSJ

Metals – Iron: Australia’s big three miners look to tighten their grip FT *

Metals – Steel: Slaps Tariffs on Korean Pipe WSJ / NYT / B

Metals – Steel: Is Korean Product Really Chinese? WSJ *

Metals – Steel: Cars Shift Use in China B *

Metals – Aluminum: Hopes of China sector may ride on new equipment CD *

Diamonds – Regain Their Sparkle on Rising Demand and Prices WSJ / r * *



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ENERGY & ENVIRONMENT




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LABOR & EDUCATION




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HEALTH




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ENDNOTE

Making a living mining … on West 47th dm * *



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