<\/code><\/p>\n
\nToday\u2019s Issue Cluster: South Africa<\/p>\n
Fed \u2013 The taming of the balance sheet
\nWorld \u2013 Misconduct bill tops $235b
\nEthanol \u2013 As boom fades, ADM sees bright future for corn in grocery aisle
\n
<\/code><\/p>\n
\nMAJOR DATA POINTS<\/b><\/a><\/p>\n
Japan – Apr: Slides Back into Trade Deficit; -\u00a553b (-$439m) \/ WSJ<\/a> \/ AP<\/a> \/ B<\/a> \/ AFP<\/a> \/ b<\/a> *<\/a><\/p>\n
Singapore – Q1: Economy Expanded More Than Estimated; +2.6% from +2.1% \/ B<\/a><\/p>\n
US – Apr: US new-home sales jump; +7% from -10% \/ AP<\/a> \/ B<\/a> \/ R<\/a><\/p>\n
US – Mar: Case-Shiller Home Price Index Rose; +4.1% from +4.2% \/ WSJ<\/a> \/ cr<\/a> *<\/a><\/p>\n
US – Apr: Orders for durable goods drop; -0.5% from +5.1% \/ AP<\/a> \/ R<\/a> \/ AP<\/a> \/ WSJ<\/a><\/p>\n
US – May: ConfBd consumer confidence rises; 95.4 from 94.3 \/ R<\/a><\/p>\n
US – May: Markit services sector growth slows; 56.4 from 57.4 \/ R<\/a>
\n
<\/code><\/p>\n
\n
Bonds – Junk-rated Chicago to test market FT<\/a> \/ NYT<\/a> *<\/a><\/p>\n
Bonds – China Embraces Foreign Investors WSJ<\/a> *<\/a>
\n
<\/code><\/p>\n
\n
South Africa – Zuma: Power failure FT<\/a> *<\/a> *<\/a> *<\/a> *<\/a><\/p>\n
South Africa – Zulu king condemns attacks on immigrants FT<\/a> \/ NYT<\/a> *<\/a><\/p>\n
South Africa – Weak rand fails to ease manufacturers\u2019 woes FT<\/a> *<\/a> *<\/a><\/p>\n
South Africa – Power Outages Mar Economic Expansion WSJ<\/a> *<\/a><\/p>\n
South Africa – Struggling power utility suspends its CEO FT<\/a> *<\/a> *<\/a><\/p>\n
South Africa – Power cuts persist, utility races to fix plants R<\/a> *<\/a><\/p>\n
South Africa – Foreign Businesses Face Backlash WSJ<\/a> *<\/a><\/p>\n
South Africa – Miners accelerate job cuts to 35k FT<\/a> *<\/a> *<\/a><\/p>\n
South Africa – Staking a claim FT<\/a> *<\/a> *<\/a> *<\/a>
\n
<\/code><\/p>\n
\n
POLITICS & FISCAL POLICY<\/b><\/a><\/p>\n
Greece – Will default on June IMF repayment FT<\/a> \/ WSJ<\/a> \/ R<\/a> \/ NYT<\/a><\/p>\n
Greece – Struggle for Elusive Deal WSJ<\/a> \/ NYT<\/a> \/ FT<\/a> *<\/a><\/p>\n
Greece – Governing Left Divided Over Debt Terms WSJ<\/a> *<\/a>
\n
<\/code><\/p>\n
\n
MONETARY POLICY<\/b><\/a><\/p>\n
Fed – Yellen: On Track to Raise Rates This Year WSJ<\/a> \/ FT<\/a> \/ NYT<\/a> \/ R<\/a> \/ B<\/a> *<\/a><\/p>\n
Fed – Weak spell puts Yellen at crossroads over liftoff plans R<\/a> *<\/a><\/p>\n
Fed – The Core of the Inflation Problem WSJ<\/a> *<\/a><\/p>\n
Fed – The taming of the balance sheet FT<\/a> *<\/a> *<\/a><\/p>\n
Fed – EMs ready themselves for acid test FT<\/a> *<\/a> *<\/a>
\n
<\/code><\/p>\n
\n
World – Negative rates pose corporate conundrum FT<\/a> *<\/a> *<\/a> *<\/a> *<\/a><\/p>\n
World – Misconduct bill tops $235b R<\/a> \/ R<\/a> *<\/a>
\n
<\/code><\/p>\n
\n
\n
LABOR & EDUCATION<\/b><\/a><\/p>\n
World – Productivity: It\u2019s a drag FT<\/a> \/ FT<\/a> \/ FT<\/a> *<\/a> *<\/a> *<\/a> *<\/a> *<\/a>
\n
<\/code><\/p>\n
\n
\n
MANUFACTURING<\/b><\/a><\/p>\n
\n
Telecoms – Charter Communications Nearing Deal for TWC WSJ<\/a> \/ FT<\/a> \/ NYT<\/a> \/ R<\/a> \/ FT<\/a> \/ WSJ<\/a> \/ NYT<\/a> \/ FT<\/a> *<\/a><\/p>\n
Telecoms – Charter Strikes $55b Deal for TWC WSJ<\/a> \/ FT<\/a> \/ NYT<\/a> \/ B<\/a> \/ q<\/a> *<\/a> *<\/a> *<\/a>
\n
<\/code><\/p>\n
\n
TRADE & TRANSPORTATION<\/b><\/a><\/p>\n
Ship – Oil tankers: tanked up FT<\/a> *<\/a><\/p>\n
Ship – Panama Canal unlikely to return to 2007 pre-crisis boom levels FT<\/a><\/p>\n
Ship – Los Angeles Port Reports Steep Cargo Decline WSJ<\/a> *<\/a>
\n
<\/code><\/p>\n
\n
\n
ENERGY & ENVIRONMENT<\/b><\/a><\/p>\n
Ethanol – The end of the road? N<\/a> *<\/a><\/p>\n
Ethanol – As boom fades, ADM sees bright future for corn in grocery aisle R<\/a> *<\/a>
\n
<\/code><\/p>\n
\n
\n
Occasions Behind Countries\u2019 \u201cNational Days\u201d wiki<\/a> *<\/a>
\n
<\/code><\/p>\n
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