Early Global News

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Early Global News: Thursday September 20th, 2018

Early Global News

Thursday September 20th, 2018

Macro

Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg, Flow of Funds  Calculated Risk

Companies

TYO: 8086 SSNLF  Samsung in talks with Japan’s Nipro for medical device division sale  Korean Herald

BAC  Bank of America corporate investment banking chief to depart  Reuters

NSRGY  Nestle to examine strategic options for skin health unit  “The business, which Nestle created in 2014 when it acquired L’Oreal’s stake in Galderma, employs 5,000 people and posted sales of 2.7 billion Swiss francs ($2.79 billion) in 2017.”  Reuters

CBOE  Cboe exchange turns to machines to police its ‘fear gauge’  Reuters

EFX  UK regulator fines Equifax Ltd 500,000 pounds for 2017 security breach  Reuters

DM D  Dominion Energy to buy rest of Dominion Energy Midstream Partners  Reuters

AMZN  Amazon in talks to enter Indonesia, says government  Tech in Asia

GOOGL MSFT  Google’s GitHub competitor gets better search tools  TechCrunch

GOOGL  Google brings vulnerability scanning to its Cloud Build CI/CD platform  TechCrunch

HUM  Humana tax break in doubt after past wage allegations surface  Business Journals

LYV  Ticketmaster caught enlisting pro scalpers for online resales  Engadget

GE  China’s Haier cancels plan to sell US-made GE goods  Financial Times

AVP  Avon Products, Inc. To Create Leaner New York Operations  Press Release

VG  Vonage Announces Agreement to Acquire NewVoiceMedia, an Industry-Leading Cloud Contact Center Provider  Press Release

MGA  Magna Announces Divestiture of Its Global Fluid Pressure & Controls Business  approx $1.23 billion  AP

B  Barnes Group Inc. to Acquire Gimatic S.r.l.  Press Release

Opinion  ELAN LLY  Elanco’s $1.6 billion IPO looks too pricey, and here’s why  “currently earns our Unattractive rating.”  Marketwatch

Stake Changes

Aston Martin aims for $6.7 billion October IPO  Reuters

RKET.F  Rocket Internet to buy back up to 3.6 percent of its shares  Reuters

ELAN LLY  Lilly’s Elanco animal health unit’s IPO priced at $24/share  Reuters

Chinese Biotech Firm WuXi AppTec Eyes $1B Hong Kong IPO  China Money Network

WMT  Walmart  begins to buy shares from current, former Flipkart staff  Livemint

LBTYA  Liberty Global CFO Charles Bracken discloses sale of 46K shares  SEC Filing

Earnings Finance

RIO  Rio Tinto issues details of $3.2bn share buyback  Financial Times

DB  Deutsche Asia utilities coverage head joins rival  SparkSpread

DEO  Emerging market turbulence to hit Diageo sales, profit  “The world’s biggest spirits company Diageo Plc expects this year’s sell-off of some emerging market currencies to knock 175 million pounds off net sales and 45 million off its full-year profits”  Reuters

BABA  Alibaba’s Jack Ma rules out comeback after he steps down next year  Reuters

OIBR  Brazil court rules Oi’s fines are subject to bankruptcy recovery  Reuters

BTI  Chief executive of British American Tobacco is preparing to step down  Sky News

VZ  Inside Verizon’s newly renovated New Jersey campus, which features an indoor taco truck, an exclusive hotel, and a mile-long track  Business Insider

Pharmaceuticals Healthcare

ABBV MYL  EU approves fifth copy of AbbVie’s $18 billion drug Humira  Reuters

FOLD  Amicus Therapeutics acquires portfolio of gene therapies targeting neurologic disorders  STAT News

DRRX KMPH SMDPY GNMX SHPG  Use of ADHD medication in Hong Kong has risen 36-fold over 15 years, university study finds  South China Morning Post

NHS will become the first health service to use routine genetic testing  “NHS will become the first health service to use routine genetic testing in a move that will ‘transform patients’ lives'”  Daily Mail

Opinion  Health Care Is the Sleeper Issue of 2018  “Republicans must counter Democratic attacks on pre-existing conditions.”  Wall Street Journal

Politics  Republicans ‘duck and cover’ on pre-existing conditions  “GOP candidates can’t neutralize attacks over Obamacare’s most popular protections.”  Politico

Politics  Life sciences industry rallies behind Calif. bill to prevent a nightmare scenario for clinical research  Stat

Entertainment Games

TTWO  Red Dead Online Beta Launches in November  Geek.com

NTDOY GME  Nintendo debuts subscription service for its widely derided online offering  Japan Times

UFC’s Jones suspended, but not for long  Reuters

WWE  Judge throws out lawsuit by ex-WWE stars over concussions  NY Post

Opinion  NFLX  France’s tussle with Netflix intensifies but won’t hamper the platform’s growth  Digiday

Military Surveillance

Christopher Hetner, Senior Advisor to the Chairman for Cybersecurity Policy, to Leave the Agency  SEC Filings

ESLT  Israel’s Elbit Systems gets $173 mln Asia-Pacific order  Reuters

NOC  Northrop, SSL, Sierra Nevada Awarded NASA Small Spacecraft Dev’t Contracts  GovConWire

NOC  The next war might include mind-controlled drones  Military Times

Linger  Foreign warships in South China Sea ‘causing trouble’, Beijing’s ambassador to Britain says  South China Morning Post

Blockchain Bitcoin

Cryptocurrency exchange Coinbase hires chief legal officer from Fannie Mae  Reuters

Crypto Exchange Zaif Hacked In $60 Million, 6,000 Bitcoin Theft  “Japan’s financial watchdog – has launched a series of inspections on cryptocurrency exchanges in the country regarding their security measures.”  Coindesk

Australian regulator cracks down on misleading digital coin offerings  Reuters

Jamie Burke to explain why you should still bet on the blockchain at Disrupt Berlin  TechCrunch

Coinbase hires Fannie Mae exec Brian Brooks as chief legal officer  TechCrunch

What does Southeast Asia hold for cryptocurrencies and ICOs  TechNode

ConsenSys Initiative Empowers Students to Use Blockchain for Social Good  Bitcoin Magazine

Crypto Exchange Poloniex Dumps Eight Underperforming Coins  Bitcoin Magazine

New Multibank-Backed Venture to Leverage Blockchain for Commodity Trading  Bitcoin Magazine

Japan lost over $540M in cryptocurrency hacks in first half of 2018  The Next Web

Circle wants more women to invest in cryptocurrency  TechCrunch

Congress members ask IRS to clarify cryptocurrency tax rules  Axios

Drones Robots

BABA  Alibaba’s AI Unit To Launch Hospitality Robots In October  China Money Network

‘Jackrabbot 2’ takes to the sidewalks to learn how humans navigate politely  TechCrunch

Teaching robots to predict the future  The Next Web

Slipping into this ‘skin’ turns any object into a robot  Popular Science

Casinos Gambling

Casino hotel Landmark Macau now New Orient Landmark  GGRasia

Casinos tip US$261 bln into U.S. economy in 2017: AGA  GGRasia

ARLUF  Aristocrat to launch ‘Billions’ theme slot at G2E  GGRasia

Tiger deal based on presumption of regularity: Asiabest  GGRasia

MPEL  Satellite casinos in Cyprus open by spring 2019: Melco Intl  GGRasia

Social Media

MTCH IAC  Facebook’s new Dating service is ready to take on Tinder  Cnet

FB  Facebook Messenger Ads: Are They Worth It?  “Facebook Messenger is the undisputed champion of messaging apps in the US. We estimate that there will be 126.3 million users of the messaging app in 2018. Facebook Messenger will hold onto its lead over other messaging apps over the forecast period, with an expected 138.1 million users by 2022.”  eMarketer

GOOGL AMZN FB  Five Charts: Yes, the GDPR Is Shaking Up Digital Marketing  “Data regulation is making marketers anxious”  eMarketer

FB  Facebook expands fake election news fight, but falsehoods still rampant  Reuters

FB  Facebook used by people traffickers to sell desperate migrants often deadly trips to Europe, Theresa May warns  The Mirror

Opinion  GOOGL FB  Understanding the Trends Driving Video Ad Growth  podcast  eMarketer

Travel Hotel

PCRFY IMASY  Inmarsat and Panasonic partner on in-flight connectivity  Reuters

Indian Jet Airways flight returns to Mumbai after passengers succumb to bleeding  South China Morning Post

Software fix tested for HK$1.56 billion Hong Kong International Airport air traffic management system after recent malfunction  China  South China Morning Post

Auto

TSLA  Tesla increases Supercharger idle fees to decrease wait times  Electrek

VLKAY  VW unveils a series of new commercial all-electric vehicles: I.D. BUZZ CARGO, e-Cabby, Cargo e-bike, and more  Electrek

GM  U.S. judge dismisses GM ignition switch criminal case  Reuters

BIDU BABA TCEHY  The future of mobility isn’t just autonomous vehicles, it’s smart infrastructure  “currently working on a draft bill mandating that 50% of all vehicles sold by 2020 should be autonomous or semi-autonomous”  TechNode

BYDDY  All aboard for another 26 ebuses as BYD announces latest sales  Pv magazine

VLKAY  Volkswagen pulls out of Iran, according to U.S. official  Bloomberg

Retail

PDD  Low-end e-commrce platform Pinduoduo enters high-end grocery delivery  TechNode

SHCAY SNY 000100:CH  Foxconn to become largest TV ODM in 2018  “…buoyed by increasing orders from Sharp, Sony and Vizio, according to WitsView.”  Wittsview via Digitimes

MDTKF  A pull-in of short lead-time orders for TVs and set-top boxes is set to buoy revenues at Taiwan-based IC design houses in September, according to industry sources.  Digitimes

COH TPR KORS  An unexpected winner from Trump’s trade war: Knockoff designer bags from China  “The global counterfeit trade for all items, from purses to electronics to software, is worth $461 billion…”  Washington Post

AMZN  EU regulators investigate how Amazon treats third-party merchants  “Preliminary probe in its ‘very early days’”  WSJ

AMZN  Amazon launches Scout, a machine learning-powered visual shopping tool  TechCrunch

MO PM BTI  Smoking will be eradicated in England by 2030, officials believe  The Telegraph

BABA WBA  Walgreens Boots Alliance Announces Launch of Flagship Store on Alibaba Group’s Tmall Global Platform to Sell Own Beauty Brands to Chinese Consumers  Press Release

Opinion  TCEHY  Traditional retails needs digital transformation to keep up with consumers  China  TechNode

Opinion  AMZN WMT  Watch Scott Galloway’s presentation on the future of retail from Code Commerce  Video  re/code

Apple

Users aren’t exactly racing to upgrade to iOS 12, according to these install numbers  Boy Genius Report

Activity tracker like iPhone or Apple Watch now mandatory for John Hancock life insurance  9to5MAC

Energy Commodities

Resource-rich Africa, Masama coal mine and Pan African’s reconfiguration make headlines  Reuters

LPL  China makers trialing new solar cell technologies  Digitimes

AUO  AUO showcasing PV products  “LCD panel maker AU Optronics (AUO), which has diversified into the PV sector, is showcasing its products at Energy Taiwan 2018.”  Digitimes

EWZ  US supplants Brazil as leading supplier of soybeans to the European Union  MercoPress

Cargill recalls about 132,000 lbs of beef products over possible contamination  Food Safety News

NI  Columbia Gas withdraws planned rate hike in wake of disaster  Business Journals

Lingering Opinion  LNG SIEGY  Buoyant gas industry may be blindsided by renewables  Reuters

Metals

VALE  Vale says it could expand Brazil iron-ore mine as Chinese demand grows  “Poppinga said that almost 90 percent of Chinese steel capacity will comply with new emission standards by 2025.”  Reuters

FCX  With copper options, China steps up challenge to London, New York rivals  “The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New York rivals.”  Reuters

London copper prices hover near 3-wk high as trade war fears ease  Reuters

London zinc hits highest in a fortnight on tight supply  Daily Mail

Europe

Trump to Spain: Build a wall to keep out asylum seekers  NY Post

EWG  German real wages rise despite higher inflation  Daily Mail

EIRL  Ireland to join UK in exploring 2030 World Cup bid  Reuters

Opinion  EWU EWJ  Britain is 85-90 percent of the way to agreeing Brexit deal: UK minister  Reuters

Opinion  EWU  Former UK minister says May’s Brexit plans are delusional  Reuters

China

EWA  Australia plans naval base in Papua New Guinea to curb China’s Pacific influence  South China Morning Post

TCEHY  Tencent-backed Meituan jumps 5 pct on debut, brightens outlook for HK IPOs  Reuters

Tidal wave of Chinese marine parks fuels murky cetacean trade  Reuters

China plans import tariff cuts as soon as October  “The move was in line with Beijing’s pledge to its trading partners – including the United States – that it would take measures to further increase imports.”  Bloomberg

China expunges unapproved, foreign content from school textbooks  “…amid a push to combat Western influence in China’s schools.”  Reuters

Linger  BABA  Why Xi Jinping vowed to ‘safeguard free trade’ at Abe meeting  “If China puts the brakes on the growth of the private sector, it will never truly be able to join the free trade system.”  Nikkei

Asia

EPHE  ADB Approves New 6-Year Partnership Strategy for the Philippines  Asian Development Bank

EWJ  Abe re-elected to head Japan’s ruling party for three more years  Nikkei

EWT  Taiwan braced for wave of cyberattacks from mainland China ahead of local elections  South China Morning Post

EPHE  Landslide in Philippines kills four, dozens feared trapped  Reuters

INDA  As petrol prices sky-rocket, Indians look for ways to ease the pain  Reuters

EWY  6 in 10 S. Koreans support cooperation with NK before denuclearization: poll  Korean Herald

Linger  Southeast Asia’s production gains speed as China slows  “Manufacturing index up 6.2% for first half as companies diversify bases”  Nikkei

International

EWW  Dozens wounded as Mexico City eviction turns violent  Channel NewsAsia

ARGT  Argentina’s economy contracts 4.2% in second quarter: severe drought blamed  MercoPress

EWA GOOGL  Two Australian banks among six targeted by fake apps: security firm  Reuters

EWZ  Far-right candidate Bolsonaro widens lead in Brazilian presidential race: poll  Reuters

ARGT  Argentine GDP in steepest fall since 2014  BBC World News

ECOL  Colombia grapples with wave of Venezuela migrants  Financial Times

ENOR  Norway’s central bank raises rates for first time 7 years  AP

EWZ  Brazil leaves interest rates unchanged, as long as inflation remains in target range  MercoPress

Russia Ukraine

Russia’s Primorye Election Results Annulled Over Reports of Voter Fraud  Moscow Times

Russian President Putin tests Kalashnikov sniper rifle, ‘firing between his heartbeats to hit targets 600 metres away’  South China Morning Post

New Development Bank’s board approves three projects worth $825 mln in Russia, India  TASS

Russia to allocate over $600 mln for Northern Sea Route development in three years  TASS

Texas State Securities Board Hits Russian Hoaxers with Cease-and-Desist Orders  Bitcoin Magazine

Russia shuts E. Mediterranean to air and sea traffic for “military exercise”  DEBKAfile

Middle East

TUR  Turkish exports seen at $170 bln in 2018 – presentation  Reuters

TUR  Turkish lira eases ahead of economic programme announcement  Reuters

China’s Xi says places ‘high premium’ on Pakistan ties, as army chief visits  Reuters

Chief of Israel’s atomic energy calls for action against Iran and Syria’s nuclear programs  Jerusalem Post

EGPT  Egypt Considers Issuing $5 Billion Bonds in Asian Markets  Al Bawaba

Israel says it’s reinforcing its nuclear sites because of Iranian threats  Times of Israel

Iran asks U.N. to condemn Israeli threats, supervise its nuclear program  Reuters

Africa

KO  Coke to take control of Nigerian juice company  Business Journals

Shipping containers carrying $104 million in bank notes have gone missing in Liberia  Quartz

Isis Terror

Hezbollah leader says has rockets despite Israeli efforts in Syria  Reuters

Russian military ‘keeping the peace’ along demilitarized zone on Syrian-Israeli border  TASS

Climate Change

ADB Sells $750 Million 10-Year Global Green Bond to Support Climate Change Mitigation, Adaptation in Asia and Pacific  Asian Development Bank

5 Trump policies that will make future flooding worse  “The administration’s push to relax Obama-era regulations threatens to reverse years of federal efforts to reduce property damage, contamination and human suffering.”  Politico

Australian businesses must do more to disclose climate change risks to investors, Asic says  The Guardian

Medical Marijuana

New Report Says Concentrates are the Fast Growing Favorite Among Consumers  High Times

Kristen Bell Opens Up About Weekly Cannabis Use and Exploring Other Drugs  High Times

Election 2018: A Complete Guide To Cannabis on the Ballot  Leafly

Opinion  Does Getting Lobsters High Before Boiling Them Alive Reduce Suffering?  Motherboard

Economics

Trump to nominate ex-Fed economist Nellie Liang to board  Financial Times

Linger  Forecasters unanimous: U.S.-China trade war bad for economy – Reuters poll  Reuters

Politics

Dems plot massive campaign if Kavanaugh falls  Axios

Trump appoints Darrell Issa as director of Trade and Development Agency  Marketwatch

Republicans Seem Confident That They Can Confirm Kavanaugh, Despite Sexual Assault Allegation  New York Magazine

Sessions limits U.S. judges’ ability to dismiss deportation cases  Reuters

Linger  Republicans reject Kavanaugh investigation, set Friday deadline for Ford to testify  WSJ

Fact

Calpers may hire China’s foreign-exchange regulator as its investment chief  “Ben Meng had worked seven years for giant public pension fund”  WSJ

DANOY  Lactalis restarts sales from plant linked to Salmonella outbreak  Food Safety News

NASA’s TESS telescope just discovered two new Earth-like planets  Cnet

Opinion

OECD cuts global growth forecast to 3.7% for 2018 and 2019  Press Release

AMZN  A lurking data question for Amazon  Axios

Market Extra: This bond-market recession signal says economy still has room to run  “High-yield credit spreads are at historic lows, indicating investors are rosy on the economic outlook”  Marketwatch

MU  Micron stock options show traders are bracing for a big rally—or a selloff  “Options straddle ready for a 7.5% move in either direction on the day on Friday.”  Marketwatch

VIX: Wall Street ‘fear gauge’ – manipulated or maligned?  Reuters

AI will drive next wave of development in human civilization: SenseTime CEO Xu Li  TechNode

AMZN  Brussels gets ahead of the curve with Amazon  Financial Times

GS C  Goldman passes Citigroup in investment bank rankings  Financial Times

46 percent of CFOs say their No. 1 risk is a slowdown in consumer demand worldwide, survey reveals  CNBC

IIoT to be driven by tech breakthroughs, customized production in next 5-10 years, says Advantech executive  Digitimes

Survey of economists expects US growth slowdown by end of 2019, just two rate hikes next yea  Reuters

Linger  TOSYY SSNLF KLAC AMAT BYDDY AAPL INTC MU  China’s rising memory chip leader won’t try to ‘crash the market’  “State-backed Yangtze Memory at vanguard of Made in China 2025 says ‘We are no copycat'”  Nikkei

Next Monday  What sector overhaul means for tech stocks, Wall Street  Reuters

Futurelook

Mars trips may involve less radiation exposure than previously thought  Engadget

Jeff Bezos Says Blue Origin Will Put People in Space in 2019  Fortune

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