Early Headlines: Aggressive White House Climate Change Goals, China Official Manufacturing PMI stays in Expansion and More

Early Bird Headlines 01 April 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

Global

• The AIIB Is a Threat to Global Economic Governance (Foreign Policy) The era of a U.S.-dominated global economic order is ending. But a fragmented governance system isn’t the best replacement.

U.S.

• All Hail Jeffrey Gundlach, the New Bond King (Bloomberg) Five years of leaving competitors in the dust.
• U.S. corporations accuse Indiana and Arkansas of curbing gay rights (Reuters)
  
• White House Announces Big Climate Change Goals Ahead of Paris Summit (Foreign Policy)
  

EU

• There is no Europe without Russia and no Russia without Europe (Russia Direct) Russia is part of Europe and the EU link to Asia. But the dependency is two-way with Russia having a limited future without its traditional European ties.

UK

• How credible is Ed Miliband’s Europe gambit? (The Conversation) Miliband has warned an EU referendum would be bad for business. But not holding one could have serious consequences too.

Greece

• Investors Are Piling Into Battered Greek Stocks (Bloomberg)
  

Turkey

• The rise and rise of Recep Tayyip Erdogan – and a slide towards autocracy in Turkey (The Conversation) Turkey’s president is meant to be a non-partisan, ceremonial figure – but Recep Erdogan is openly asking voters to hand him more power.

Nigeria

• Thug Democracy (Foreign Policy) Nigeria is cheering its first legitimate and internationally praised election. But violent protests in the north make it clear just how divided the country still is.
  
• Buhari wins – but the new president of Nigeria faces an enormous challenge (The Conversation) A historic win for a former military ruler in a democratic election and a man who ran out of luck. But Nigeria’s new President Muhammadu Buhari has his work cut out for him.
  

Iran

• Iran Told to Make Deal by Dawn With Talks Set to Miss Deadline (Bloomberg) World powers are ready to walk.

India

• Over 2,000 tribal farmers to form cooperative, trusts and company as part of NABARD’s plan (The Economic Times) Hat tip to Sanjeev Kulkarni. India’s largest development lender, the National Bank for Agriculture and Rural Development, will fund a cooperative society of more than 2,000 tribal farmer organizations with the ultimate goal of growing it into a company. The objective is to improve the efficiency of agriculture by providing farmers with leverage of scale for acquiring equipment and input materials and in marketing their produce.

China

• China official PMI rises in March (China Spectator) Large, mostly government owned firms remained just above 50 (50.1) in the latest official manufacturing PMI (Purchasing Managers’ Index) report, while the HSBC PMI of mid-size and smaller privately owned compaies remained below 50 (49.6), indicating contraction. The service sector PMI was well in the range for expansion, registering 53.7 for March, little changed from February.
• China rebuffs Taiwan’s AIBB application (The Australian Business Review)

Japan

• Japan says not bound by deadline to join AIIB, and not yet decided (Reuters) This reverses a widely reported story from a day ago.
  

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