Early Global News

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Early Global News: Friday January 18th, 2019

Early Global News

Friday January 18th, 2019

Macro

U.S. fund investors put most cash in ‘junk’ since late 2016 -Lipper  Reuters

Friday: Industrial Production  Calculated Risk

Companies

BABA  Alibaba to Postpone Some Hiring and Cut Travel Spending  “Some units are said to pare access to business class flights. Some hiring said to be deferred until new fiscal year in April”  Bloomberg

Godiva Shortlists Bidders in $1.5 Billion Asia Sale  “Baring, CVC among suitors selected to make final offers”  Bloomberg

NMR CG  Carlyle, Nomura Weigh Joint Bid for Orion Breweries  Bloomberg

WFC  Elizabeth Warren Demands That Wells Fargo Be Kicked Off College Campuses  ” Massachusetts Democrat says bank has no place on campuses”  Bloomberg

GS EWM  Malaysia Could Drop Goldman’s 1MDB Charges for $7.5 Billion  ” Goldman is facing its first criminal charges linked to 1MDB”  Bloomberg

ARNC APO  Apollo close to $10.6B deal to buy Arconic  NY Post

AMKBY  India watchdog orders DP, Maersk units to withdraw some notices to clients at Mumbai port  Reuters

UL PG NSRGY  Consumer giants spurn risks to chase online subscribers  Reuters

7419 (TYO) RE2 (SGX)  Courts Asia gets buy offer from Japanese electronics retailer Nojima  Channel NewsAsia

NMR  Malaysia drops Nomura from samurai bond issuance  Nikkei

CRM  Salesforce to double presence in Ireland with 1,500 new jobs  Reuters

BIDU  CCTV partners with Baidu for Spring Festival hongbao, excludes Alibaba, Tencent  TechNode

PBCT  People’s United Bank Acquires VAR Technology Finance, an Industry-Leading Equipment Finance Company  Press Release

CVS WMT  CVS Health and Walmart Announce New PBM Pharmacy Network Agreement  “Walmart to Continue Participating in CVS Caremark Commercial and Managed Medicaid Retail Pharmacy Networks”  Press Release

NCS  NCI Building Systems Announces Unit Purchase Agreement with Environmental Materials, LLC  Press Release

APTS  Preferred Apartment Communities, Inc. Announces Acquisition of a Grocery-Anchored Shopping Center Through its Wholly-Owned Indirect Subsidiary, New Market Properties, LLC  Press Release

GLOB  Globant to Acquire Avanxo to Expand Digital and Cognitive Transformation Expertise  “The Company Announced this Acquisition to Keep Bringing Globant’s Native Digital Culture to Corporate Process Optimization and to Continue Expanding its Cloud Implementation Solutions”  Press Release

Opinion  SMH  Value of semiconductor M&A falls considerably  Digitimes

Opinion  MSFT  Microsoft no longer sees Cortana as an Alexa or Google Assistant competitor  The Verge

Futureloook  QCOM  Demand for 7nm fabrication to surge when 5G chips become available  Digitimes

Linger  GCI  Gannett is reviewing Alden Global’s $1.36B takeover bid  NY Post

Stake Changes

JEC  Jacobs’ Board Approves $1 Billion Share Repurchase Authorization and Increases Quarterly Dividend Rate by 13%  Press release

GPOR  Gulfport pledges share buybacks after hedge fund demand  “After the close of trading, Oklahoma City-based Gulfport announced plans to buy back $400 million worth of shares in the next two years and said it bought $90 million worth of shares in the last weeks of 2018.”  Reuters

TCEHY  Tencent-backed China movie ticketing platform launches US$345 million HK IPO  Reuteres

Earnings Finance

TPCO  Tribune Publishing Announces Management Transition  Press Release

PETX  Aratana Therapeutics’ Board of Directors Appoints Craig Tooman Chief Executive Officer  Press Release

YI  111Inc’s Mr. Weihao Xu has resigned as Chief Financial Officer and director for personal reasons  Press Release

JMP  JMP Group Announces Change to Tax Status and Special Cash Distribution  Press Release

AXP  American Express misses estimates on slowing customer spending; shares drop  Reuters

PPG  Trian to skip PPG board challenge after new commitments: sources  Reuters

3:47pm Thursday  RHBBY  Roche Moves Drug Safety Operation Away From U.K.  “A Roche spokeswoman said there were no associated layoffs with the move to Germany”  WSJ

Pharmaceuticals Healthcare

LLY  Lilly Reports Results of Phase 3 Soft Tissue Sarcoma Study of LARTRUVO®  “Study did not meet the primary endpoints of overall survival (OS) in the full study population or in the leiomyosarcoma (LMS) sub-population; there was no difference in survival between the study arms for either population.”  Press Release

IMMU  FDA rejects Immunomedics breast cancer drug, extending long regulatory drought  Reuters

ALDR  Alder BioPharmaceuticals® Appoints Paul Streck, M.D. Chief Medical Officer  Press release

SNY  FDA advisory panel split over Sanofi-Lexicon diabetes drug  Reuters

New Data Published in PLOS ONE Demonstrates Early Therapeutic Effects of Pharnext’s PLEODRUG(TM) PXT3003 in a Transgenic Rat Model of Charcot-Marie-Tooth disease Type 1A  Press Release

India  SMPQY  Sun Pharma Falls After New Whistle-Blower Complaint Report  ” Drugmaker’s shares slip to lowest level since February 2013″  Bloomberg

AVRO  AVROBIO, Inc. Announces Acceptance of Investigational New Drug (IND) Application for Investigator-Sponsored Phase 1/2 Clinical Trial for AVR-RD-04 Gene Therapy for Cystinosis  Press Release

AGN AUPH  This small Canadian drug maker is taking on Allergan and its best-selling eye drop medicine  Stat

Opinion  A Big, Fatty Opportunity for Big Pharma  “The next multibillion-dollar therapeutic area for drug companies may be fatty liver disease, but there are a few practical hurdles to overcome first.”  WSJ

Politics  Groups opposing Medicare Part D talks are criticized for failing to disclose industry ties  Stat

Fact  Some Alzheimer’s sufferers never develop symptoms, study shows, and keeping active may be the secret  The Telegraph

Entertainment Games

NTES  NetEase to limit the amount of time China’s youth spend gaming  TechNode

NTDOY  Nintendo Plans To Release 2-3 Mobile Games A Year  Ubergizmo

Opinion  MSFT NTDOY  Xbox players are better at gaming than PS4 and PC owners: Survey  NY Post

Fact  NFLX  Netflix is starting to share audience numbers that it’s never disclosed before  Boy Genius Report

Military Surveillance

LMT EIS  Singapore to buy a few F-35 jets, eyes fleet replacement  Reuters

Opinion  Trump: US will be able to shoot down missiles ‘anytime, anyplace’  The Mercury News

Drones Robots

Drone companies asked to install safety chip to avoid mishaps  India  Economic Times of India

Linger  Opinion: Drones delivering medical supplies and more can help save American lives  Stat

Casinos Gambling

MGM  MGM Resorts International Appoints Keith A. Meister to the Board of Directors  Press Release

Suspect gaming transactions flat last year in Macau  GGRasia

MGM Resorts names investor Keith Meister to board  GGRasia

Repeat visit data opens new doors for Macau: scholars  GGRasia

Opinion  Macau mass to fare well, VIP to shrink in 2019: Bernstein  GGRasia

Social Media

SNAP  Snapchat’s biggest problem isn’t Instagram, it’s the constant executive turnover  sm  re/code

TWTR  Twitter CEO dodges question about banning Trump if he called for murder – CNET  Cnet

SNAP  NBC News Snapchat show ‘Stay Tuned’ averages 25-30m viewers  Digiday

TWTR FB  Facebook, Twitter meet deadline for providing data on localizing Russian users’ data  TASS

ACLU Is Suing the Federal Government for Information About Social Media Surveillance Practices  Gizmodo

TCEHY  A WeChat program shows when people on a credit blacklist are near you  Tech in Asia

TCEHY  WeChat fights potential rivals by blocking them  Tech in Asia

Futurelook  AMZN  ‘Not there yet’: Amazon is a looming giant in influencer marketing  Digiday

FaceBook

Facebook manager says in internal post she quit after being ‘harassed’ over views on diversity  “Facebook’s diversity has been improving, but the company is still largely white and male.”  USA Today

Facebook’s AR Glasses May Be Getting Closer to Becoming a Reality  Bi via Gizmodo

Opinion  Prediction: Instagram Will Suffer Growing Pains  emarketer

Linger  Oops! Facebook employees caught leaving 5-star reviews for Facebook Portal  Digital Trends

Linger  ‘Publishers were always a second priority’: Confessions of a former Facebook exec on the platform’s struggles with video  Digiday

Linger  Study Finds Most Users Aren’t Aware That Facebook Keeps A List Of Their Interests  Ubergizmo

Travel Hotel

BDRBF  Bombardier says on track to solve Swiss train problems: paper  Reuters

AVH  Brazil regulator moves to ground 20 pct of Avianca Brasil’s fleet  Reuters

RYAAY  Ryanair issues fresh profit-warning; blames lower fares  AFP

Airline AeroMexico offering discounts to Americans with Mexican DNA  NY Post

TSA: More workers are staying home as shutdown drags on  The Mercury News

Auto

TSLA  Tesla launches HEPA air filtration with Bioweapon Defense Mode upgrade for older Model S/X  Electrek

TSLA  Tesla to recall 14,000 Model S cars in China over faulty Takata airbags  “The recall is part of an industry-wide crackdown on Takata-made front passenger airbags, which involves roughly 37 million vehicles including more mainstream brands such as Toyota and Ford…”  Techcrunch

Mainstream 3030 LED Package Products Saw Noticeable Price Decline in November as Manufacturers Clear Inventories at Year End  Trendforce

RNLSY  Renault targets 2019 sales growth after a 3.2 percent gain in 2018  Reuters

NSANY  Ghosn received $9 million improperly from Nissan-Mitsubishi JV: companies  Reuters

VLKAY  U.S. grand jury indicts four Audi managers in VW emissions probe  Reuters

BSWQY  Bosch invests $1.1 billion to double chip production  Automotive News

Byton Opens 1st Store In China, Followed By 25 More Soon  Clean Technica

TSLA  Tesla on autopilot crashes into ditch  The Mercury News

Korea’s auto exports up 22.6% in December  Korea Times

RNLSY  Renault’s annual sales rise 3% on China, Africa, Russia, and Brazil demand  Automotive News

TSLA  Tesla to cut workforce by 7 percent while it ramps up Model 3 production  Reuters

3231.TW  Wistron pushing into autonomous driving development, says paper  Digitimes

Futurelook  SFTBY  How Lyft envisions bringing VR and AR to your ride  Techcrunch

Retail

603398 (SHA) 002292.SZ  Peppa Pig Lifts China Stocks as Grandpa Promo Goes Viral  Bloomberg

Rihanna and LVMH Make a Deal and, Possibly, History  NY Times

Perdue Foods recalls 34 tons of chicken nuggets after consumers find wood  Food Safety News

AMZNZ  StoreKing lures Amazon by connecting the dots of rural India  Network of mom-and-pop shops brings e-commerce to up to 800m consumers”  Nikkei

HEINY  Heineken Korea under probe for rigging import prices  Korea Times

WMT AMZN  Reliance Retail, Jio to launch new e-commerce platform  India  Livemint

EWU  UK retail sales fall as shoppers hunt for bargains  Sky News

MO  Smoking speeds up the ageing process by more than 20 YEARS, study warns  The Mirror

EWU  U.K. Retail Sales Plunge in December in Black Friday Hangover  Bloomberg

Opinion  LSE: RB  China may turn sour for infant milk prodcers A2 and Bellamy’s  “The infant milk formula sector could be primed for another round of disruption and dislocation.”  The Australian

Futurelook  Non-profit consumer group calls for action; cites increase in food recalls  Food Safety News

Apple

VZ  Verizon will give subscribers free access to anti-robocall tools  Engadget

Apple supplier Nidec slashes profit forecast on weak demand from China  “I’ve been a manager for almost half a century, but this is the first time I’ve seen such a large single-month drop in orders for us,””  Marketwatch

Health-Related Jobs At Apple Have Increased Dramatically  Ubergizmo

FXCNY  Foxconn axes 50,000 seasonal jobs as Apple slowdown bites  “Tech supply chain braces for tough 2019 with early cutbacks”  Nikkei

Energy Commodities

UPL  Ultra Petroleum Corp. Announces Favorable Opinion for Company on Make-Whole Litigation Appeal  Press Release

USO  US will ‘reinforce its leadership’ as the world’s top crude producer in 2019, IEA says  “The IEA report comes shortly after OPEC and non-OPEC producers officially implemented a fresh round of supply cuts.”  CNBC

TKECY  Orsted & TEPCO sign MoU for ‘large-scale’ Japan offshore wind  ReCharge News

Bahrain’s first LNG terminal readies for imports as FSU arrives in Gulf  Reuters

TSLA  Tesla Semi trucks, Powerpacks, and solar to be used in new near zero-emission Frito-Lay facility  Electrek

BP  After billion-barrel bonanza, BP goes global with seismic tech  Reuters

USO  U.S. likely to cut number of Iran oil sanctions waivers in May analysts  Reuters

DWDP  DowDuPont farm unit plans to launch Enlist E3 soy broadly in 2020  Reuters

SLB EQNR  Schlumberger wins contract to manage Equinor project -source  Reuters

UGL wins A$200m in service contracts  Creamer’s

CVR  CVR Energy Reports Exercise of Right to Purchase Common Units of CVR Refining  Press Release

UNG  India mulls bringing natural gas under single unified tax regime  Creamer’s

Opinion  Bipartisan Group of Economists Endorses (Surprisingly Robust) Carbon Tax  New York Magazine

Fact  Bad bets on oil, gas spark wave of energy-fund closures  Reuters

Linger  Doubts about Brazil’s real soybean production estimate because of adverse weather  MercoPress

Metals

London copper rises for 4th day, touches 2019 high  Reuters

Rio Tinto’s 2019 iron ore guidance at lower end of forecasts  Reuters

Gamsberg set to trigger new wave of industrialisation in Northern Cape  Mining Weekly

Cochilco keeps 2019 copper forecast at $3.05/lb amid trade war, Brexit  Mining Weekly

Opinion  GLD  Central Banks’ Gold Fever To Trigger A Price Jump Above $1,400 — TD Securities  Kitco

Europe

EWL  Switzerland December producer import prices -0.6% mm vs -0.1% expected  ForexLive

EWI  Italy’s Populists Try to Put to Rest Rumors Government Is Doomed  Bloomberg

EIRL  The Dublin Tax Inspector Is Spooking Investors  “Surprise caller hand-delivered 1.6 billion-euro tax demand. Ireland hosts around 700 U.S. firms, some drawn by tax rate”  Bloomberg

EWU  Brexit: DUP edges towards customs union  “The DUP would be open to a soft Brexit that kept the whole of the UK in a customs union with Brussels, senior sources have told The Times.”  The UK Times

EWU  Cabinet ministers warn Theresa May she will face mass resignations unless she allows MPs to stop no-deal Brexit  UK Telegraph

EWU  Lawyers says UK can delay Brexit without holding Europe elections  Financial Times

ECB rate hike to be delayed as recession risks rise again  Reuters poll

EWU  ‘We will miss you’: Germany pleads with the British to stay in EU  Reuters

EWU  Germany’s Brexit position hasn’t changed: diplomatic source  Reuters

Trade war hopes lift European shares to early December highs  Reuters

Third quarter of 2018 compared with third quarter of 2017 – House prices up by 4.3% in both the euro area and the EU  European Commission

EWU  Pharmacists warn of a ‘surge’ in shortage of common medicines  BBC World News

Opinion  EUO  Reality check for Europe Inc: investors brace for bumpy fourth quarter results season  Reuters

China

Fear of Getting Burnt Fills Hong Kong’s $5 Trillion Stock Market  Bloomberg

Chinese Tech Hiring Ads Dive as Trade Tensions, Slowdown Bite  “Job ads fell 20% in the December quarter, a study shows. Tech companies are grappling with general economic malaise”  Bloomberg

EWT  Taiwan steps up probe into surveillance by pro-China media on island  Reuters

EWT  U.S. Navy chief does not rule out sending aircraft carrier through Taiwan Strait  Reuters

China growth hit slowest pace in decades in 2018: AFP survey  AFP

EWG  Germany, China pledge to open markets, deepen financial cooperation  Reuters

Opinion  A string of encouraging signals is making investors increasingly positive about China’s economy  CNBC

Politics  Chinese police must guard against ‘color revolutions’, says top official  Reuters

Linger  U.S. Debates Lifting China Tariffs to Hasten Trade Deal, Calm Markets  “New tactic under discussion would be aimed at giving Beijing incentives to make long-term concessions”  WSJ

Thursday 3pm  China’s bond market sees 100 bln USD foreign capital inflow in 2018  “China’s bond market saw net foreign capital inflows of 100 billion U.S. dollars last year as the country further opened up its financial market.”  Xinhua

North Korea

What Does Kim Jong Un Want? Trump’s Next Summit Could Be Costly  ” North Korea seeks sanctions relief, end to military drills”  Bloomberg

Another Trump-Kim summit may be good for diplomacy, but not so much for denuclearization  CNBC

North Korea getting Russian missile defense technologies out of the question, says envoy  TASS

Asia

VNM  Vietnam’s Leader Pledges a U.S. Buying Spree to Help Placate Trump  ” Nation hasn’t yet been chosen to host second Trump-Kim summit”  Bloomberg

EWJ  Japan’s listed companies double shareholder returns over 5 years  “Wages fall as share of corporate profits despite war for talent”  Nikkei

EWJ  Japan’s Dec exports to fall at fastest pace in 2 years, Tokyo CPI steady  CNBC poll

VNM  The US-China trade war hasn’t benefited Vietnam in a ‘big way’ yet, investor says  CNBC

INDA  Modi’s pre-election handouts to cost India billions, breach fiscal targets: sources  Reuters

EWJ  Nikkei at month high on U.S.-Sino trade optimism; Nidec trims loss  Reuters

EIS  Former Singapore presidential candidate plans new opposition party  Reuters

EWT  Taiwan shares close up 0.48%  Focus Taiwan

EWY  Fertility rate dips below 1 in 2018: official  Korea Times

Russia Ukraine

Russia’s Capital Outflow More Than Doubled in 2018 to $68 Bln – Reports  Moscow Times

Russia dismisses Islamic State responsibility claim for deadly blast  Reuters

Two Russian Su-34 fighter-bomber jets crash in mid-air over Sea of Japan  Daily Mail

Fearing Protests, Court Orders Gazprom to Write Off Chechnya’s $135M Gas Debt  Moscow Times

Africa

Morocco foils 89,000 illegal migration attempts in 2018: interior ministry  Reuters

Ethiopia launches a tender for 800 MW of solar across four states  Pv magazine

Medical Marijuana

ACB  Aurora Cannabis Prices Offering of Convertible Senior Notes  Press Release

Cannabis-infused seltzer, cold brew coffee, and tea? This Mass. company is planning to make all three.  Boston

Linger  NBEV BUD  Beer Makers, Thirsty for Growth, Push Into Cannabis Market  Leafly

Economics

Shutdown clouds outlook for consumer-driven U.S. economic growth  Reuters

New Jersey to raise minimum wage to $15 an hour  The Hill

Politics

Trump Pulls U.S. Delegation Out of Davos Forum, Citing Shutdown  “President canceled Pelosi trip to Afghanistan hours earlier. Mnuchin was to lead U.S. team for World Economic Forum”  Bloomberg

President Trump Directed His Attorney Michael Cohen To Lie To Congress About The Moscow Tower Project  “Trump received 10 personal updates from Michael Cohen and encouraged a planned meeting with Vladimir Putin.”  Buzzfeed

$11 toothpaste: Immigrants pay big for basics at private ICE lock-ups  Reuters

EWW  Nearly 1,000 Central American migrants in new caravans enter Mexico  Reuters

Former Trump lawyer reconsidering plan to testify to Congress: adviser  Michael Cohen  Reuters

Trump administration moves to appeal census ruling  Reuters

U.S. State Department says may ask Trump to scrap another Obama climate order  Reuters

U.N. members owe $2 billion in debt to peacekeeping, U.S. owes a third  Reuters

Trump May Try to Kill Medicaid As We Know It by Executive Fiat  New York Magazine

DNC says it was targeted by cyber attack days after 2018 miderms: court docs  NY Post

Iran’s American-born journalist detained by FBI to appear in U.S. court: Iranian state TV  Reuters

Opinion

Bond Traders Are Keeping a Wary Eye on Inflation  “TIPS auction results lead market commentary.”  Bloomberg

Return of risk-on fuels worst government debt outflows since October: BAML  Reuters

Bitcoin Price Analysis: Bitcoin Tests Boundary Support as Demand Weakens  Bitcoin Magazine

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