Early Global News: Friday April 12th, 2019

Early Global News

Friday April 12th, 2019

Macro

China’s 2019 growth seen slowing to 6.2 percent despite policy support: Reuters poll  Reuters

U.S.-based investment-grade bond funds extend 2019’s weekly inflow streak  Reuters

Companies

DIS NFLX  Disney Drops All the Details on Its Upcoming Netflix Competitor  “Disney+ will essentially be the home of all of the company’s various franchises, like Pixar, Star Wars, and Marvel, as well as National Geographic—which the company now owns following its recent acquisition of 21st Century Fox—all of which will have their own landing pages on the platform.”  Gizmodo

SSNLF  Samsung and LG Present Innovative Displays at NAB 2019  LED Inside

US co SolarWinds buys Israeli startup Samanage for $350m  “Samanage provides a platform for managing information systems on the cloud.”  Globes

SBGSY CG  Carlyle Group, Schneider Electric form AlphaStruxture to ramp smart infrastructure deployments  “The two companies are partnering already on infrastructure projects such as JFK Airport Terminal One Redevelopment and Lone Star Ports Harbor Island Crude Export Terminal.”  ZDNet

AZZ  AZZ Inc. Expands Metal Coating Services by Acquiring K2 Partners, Inc.  “Strategic Acquisition Expands AZZ’s Geographical Reach for its Powder Coating and Electroplating Services in the Midwest and the Southeast”  Press Release

BABA  China’s Ant Financial amasses 50 million users, mostly low-income, in new health plan  Reuters

ARZGY MFC AAGIY PUK  Exclusive: Foreign insurers gear up to tap China’s $1.6 trillion pensions business – sources  Reuters

DANOY  Danone sells U.S. organic salad business to Taylor Farms  Reuters

TOSYY LNG  Toshiba shares slump after sale of U.S. LNG business canceled  Reuters

AMZN  Amazon Japan raises Prime membership fee for first time in 11 years  Reuters

GOOGL  Google named in new EU suit over search-power abuse, opening path for more claims  Marketwatch

BAYRY  Bayer says to comply with court mediation order in glyphosate case  Reuters

CVX APC  Chevron to buy Anadarko for $33 billion  Reuters

UL  Unilever to buy toothpaste brands from P&G  Reuters

FB (PYPL)  Asia driving global mobile payments, with eight in top 10 markets  “Vietnam is the fastest-growing in mobile payments, clocking a 24 percent climb from last year, with 61 percent of its consumers tapping such services. Globally, China leads with 86 percent of its population tapping mobile payments, followed by Thailand at 67 percent.”  ZDNet

JPDYY  Japan Display to come under Chinese group’s control after $2.1 bln bailout  Reuters

Thursday’s story  PANW FFIV CSCO  Some enterprise VPN apps store authentication/session cookies insecurely  “VPN apps from Cisco, F5, Palo Alto Networks, and Pulse Secure found vulnerable.”  ZDNet

Stake Changes

SAN  Santander launches offer to buy up to 25 pct of Mexican unit in an all-share deal  Reuters

SFTBY GOOGL  Uber may owe another $128 million to Google for awards related to Uber vs. Waymo (GOOGL)  Business Insider

SFTBY  Uber expects to pay around $300 million in total payouts to more than 1 million qualifying drivers as a one-time reward  Business Insider

BABA  Briefing: Alibaba-backed used goods platform Idle Fish investing in content  TechNode

Spain’s ACS weighs renewables unit IPO  Reuters

QD  Qudian Inc. Announces Share Repurchase of All of Remaining Shares Held by Kunlun  Press Release

Diamond Eagle Acquisition files for a $350 million IPO  SEC FIling

SpaceX is raising another $500 million  Axios

(BGNE)  IDG Capital, CDH Investments Lead $44M Series B Round In Chinese Biotech Start-Up  China Money Network

Earnings Finance

BAC  Bank of America Merrill Lynch names new country executives for Japan, Australia: memo  Reuters

SFTBY  SoftBank picking its battles with U.S. national security committee  Reuters

PCG  PG&E appoints Nora Mead as board chair  Reuters

HBC  HSBC directors take pension cut after investor pressure  Reuters

DIS  Disney CEO Bob Iger says he will step down in 2021, a succession plan is forming  Press release

Pharmaceuticals Healthcare

CBI (TLV)  Sight Diagnostics successful in clinical trial  Globes

ATRS ANIP  U.S. FDA loosens alcohol restrictions for female libido pill  Reuters

FDA chastises maker of the Addyi female libido pill over trying to remove alcohol safety warning  Stat

GILD NVO  Novo Nordisk and Gilead team up to test fatty liver disease treatment  Channel NewsAsia

Climate change is making allergy season worse  CNN

Entertainment Games

DIS NFLX  The Mandalorian Will Be Available on Disney+ From Day One  Gizmodo

DIS NFLX  Disney’s new Netflix-killer will have a ton of movies and TV shows for $7 a month  re/code

DIS  Disney sees ESPN+ reaching up to 12 million subscribers by 2024  Reuters

DIS  Disney offers first look at Disney+ app, teases possible bundle with Hulu and ESPN+  9to5Mac

DIS  Disney Plus will allow downloads for offline viewing – CNET  Cnet

PUBG banned in Nepal after parents claimed game distracted kids  Slashgear

MGM Studios Projects 40% Earnings Drop Amid Epix Now Launch  Variety

DIS NFLX  Disney CEO Iger gives three reasons why the company’s streaming service will be a success  CNBC

Military Surveillance

Trump’s Homeland Security Purge Worries Cybersecurity Experts  Wired

Matrix.org hack forces servers offline, encrypted chat history lost  ZDNet

BA  Boeing to Manufacture P-8A Wideband Satcom Kits Under $94M Navy Delivery Order  GovConWire

Donald Trump’s transgender troop ban takes effect  South China Morning Post

LMT  Japan won’t consider revising F-35A procurement plans while cause of crash still not known  Japan Times

Thursday’s story  UIS  Unisys to Participate in $12.1B Contract with U.S. Army; Andrew Boyd Quoted  GovConWire

Casinos Gambling

MGM  MGM Resorts International completes US$1-bln debt offering  GGRasia

PCRFY  Asia’s Panasonic, Entropy Cabinet welcomed to AGEM  GGRasia

Summer ground breaking for Solaire Quezon: Razon  GGRasia

New Marina Bay Sands tower won’t have casino: Tanasijevich  GGRasia

Social Media

TWTR  Twitter and Its Experimental App Twttr Are Toying With Some Goofy Changes to Tweet Replies  Gizmodo

FB  Facebook may soon let you chat with friends on mobile without Messenger  The Next Web

FB  Facebook is regulating its products before lawmakers force them to  The Verge

FB  Facebook opens new office in Taiwan  Digiitimes

Travel Hotel

HNA-linked Hong Kong Airlines seeks $255 million from backers to keep license – sources  Reuters

BA  India’s SpiceJet to lease 16 Boeing 737s to fill gap as groundings push up fares  Reuters

BA LUV  Southwest removes 737 MAX jets from schedule through August 5  Reuters

AVH  Brazil airport to ban Avianca Brasil flights unless it resumes payments  Reuters

AAL  Why DFW Airport is reimbursing American $42M  Business Journals

MAR H HLT  Hotels: Occupancy Rate Increased Year-over-year  Calculated Risk

HNA-linked Hong Kong Airlines seeks US$255 million from backers to keep licence: Sources  Channel NewsAsia

Auto

Startups, tech firms vying with carmakers in EV market  Digitimes

SFTBY  Grab faces $2bn payout to Uber if no IPO by 2023  “US ride-hailer has redemption right according to prospectus”  Nikkei

VLKAY BAMXY TM NSANY  Auto giants battle used car dealers for Africa’s huge market  “…there is a potential market in sub-Saharan Africa for 3 to 4 million new cars, up from just 420,000 in 2017.”  Reuters

HMC  Honda’s China sales likely to catch U.S. sales in 2-3 yrs: CEO  Reuters

TSLA  Tesla begins offering leases for Model 3  Reuters

SFTBY  Uber labels Apple autonomous driving competitor, warns investors of App Store reliance  9to5Mac

TSLA  Tesla starts leasing Model 3s, $37,000 version is now software-locked  “v”  Ars Technica

EPA will revise its proposed freeze of vehicle fuel economy rules  Autoblog

(GOOGL)  Chinese AI Start-Up Black Sesame Nets $100M To Develop Autonomous Driving Platform  China Money Network

fact  Only one in 200 vehicles on UK roads have ultra-low emissions, research finds  Daily Mail

TSLA  Tesla kills base $35,000 Model 3, increases prices, makes Autopilot standard  Electrek

TM  Daihatsu to recall 1.9 million cars in Japan over brake problem  Japan Times

Linger  China’s vehicles sales fell for ninth straight month in March, fuelling consumption concerns  South China Morning Post

Linger  SFTBY  Here’s What Could Sink Uber, According to Uber  Gizmodo

Linger  Japan court extends Carlos Ghosn’s detention until April 22  Reuters

Retail

VNM  At least five dead in Hanoi workshop blaze  Channel NewsAsia

AMZN (NKE ADDYY)  Riverdale’s feuding friends Betty and Veronica get their own sneaker line  CNA Lifestyle

UK  Online grocery shopping growth slowing, says Mintel  “Online grocery shopping in the UK is set to grow more slowly, with customers worried about order problems and delivery charges, research indicates.”  BBC World News

EWS  Retail sales down 10% in February  Singapore  Channel NewsAsia

(LSE: RB)  Over-the-counter lozenges for a sore throat may be fueling the rise of superbugs  Daily Mail

BABA  Profits for Alibaba-backed STO Express rebound in 2018 despite industry slowing  TechNode

New England supermarket chain workers strike, forcing hundreds of stores to close  The Hill

Shopper frustration slows online grocery growth – survey  Sky News

Retailers Are Interested in, but Wary of, Location-Based Marketing  eMarketer

Apple

VZ INSG  Trump to hold event Friday on 5G, rural broadband: White House  Reuters

Apple adds new ‘Confirm Subscription’ step for in-app subscription signups on iOS  9to5Mac

SSNLF  Apple, Samsung in a jam with imports held up at customs  India  Economic Times of India

South Korea to launch state-led efforts against smartphone addiction  Korean Herald

INTC FXCNY  Intel will Reportedly start manufacturing Made-in-India iPhone X models beginning in July  Patently Apple

Energy Commodities

LNG  U.S. LNG shipments on track for slowest month since October  Reuters

USO  Oil lifted by OPEC cuts, U.S. sanctions on Iran and Venezuela  Reuters

LNG  GLOBAL LNG-Asian prices climb for a second week as buying interest returns  Reuters

Linger  USO ENOR  ‘Climate before cash’: young Norwegians call time on oil industry  “the giant wealth fund is itself now reducing its investments in oil and gas explorers to reduce its exposure to a risk of a permanent decline in oil prices.”  Reuters

Linger  Oil prices rise as market tightens, but demand concerns linger  Reuters

Metals

FCX JJN  Copper rebounds on lower dollar; nickel drops  Reuters

(SQM LTHM ALB)  China’s General Lithium to launch 60,000 T spodumene converter by end-2020  Reuters

(LTHM SQM ALB)  Orocobre and Toyota Tsusho approve Japan plant  “Lithium miner Orocobre and its joint venture (JV) partner Toyota Tsusho Corporation have approved the development of the $77.6-million Naraha lithium hydroxide plant, in Japan.”  Creamer’s

Silver consumption at three-year high  Reuters

Europe

EUO SAN UNCRY  European shares edge lower as Unicredit, Banco Santander fall  Reuters

EUO  Euro lifted to 2-1/2-wk high by speculative flows linked to cross-border deal  Reuters

EWI  Tria Says VAT Decisions Will Be Up to Italy’s ‘Politicians’  Bloomberg

EWG  Federal Government halves growth forecast  “Once again, the federal government is correcting its growth expectations downwards. Nobody looks so pessimistically into the future as Minister of Economics Altmaier.”  Spiegel

China

Up to 200 million pigs to be culled or die from swine fever in China: Rabobank  Reuters

China’s exports recover in March, but imports crash again, as trade war deal nears  “Exports grew by 14.2 per cent, a big jump from the 20.7 per cent fall in January and February”  South China Morning Post

China’s state pension fund to run dry by 2035 as workforce shrinks due to effects of one-child policy, says study  South China Morning Post

Microsoft’s AI research with Chinese military university fuels concerns  South China Morning Post

Opinion  China IC foundry industry faces idle capacity concerns  Digitimes

North Korea

Is This North Korea’s ‘Human Torpedo’ Suicide Sub?  Jalopnik

North Korea’s new nominal head of state guided Kim Jong Un from the beginning  Reuters

Kim Jong Un consolidates power as North Korea shuffles leadership  Reuters

China’s Xi congratulates North Korea leader Kim for re-election: Xinhua  Reuters

Asia

Asian shares dip amid caution on global growth, U.S. earnings  Reuters

EWJ  Nikkei ends at 4-month high ahead of earnings, 10-day holiday  “Investors wary of buying ahead of earnings season, 10-day break”  Reuters

EWS  Singapore’s GDP growth slows to 1.3% in Q1: MTI advance estimates  Channel NewsAsia

EWT  Chinese academic deported for breaching entry permit rules in Taiwan  Focus Taiwan

EWT  Taiwan shares close down 0.03%  Focus Taiwan

EWT  Power, talent shortages may dent hi-tech investments in Taiwan  Digitimes

International

U.S. to send 100 agents to Mexico border to cut delays: congresswoman  Reuters

Venezuela debt placed on ‘index watch’ by JPMorgan  Reuters

Russia Ukraine

Russian Lawmaker Spotted ‘Ghost-Voting’ for Internet Isolation Law  Moscow Times

‘Brazen’ Import Ban Prompts Belarus to Close Russian Pipeline  Moscow Times

Moscow court extends house arrest of U.S. investor to July 14  Reuters

Richest 3% Russians Hold 90% of Country’s Financial Assets – Study  Moscow Times

Politics  Ukrainian comedian gets serious with investors in bid for presidency  Reuters

Isis Terror

Taliban announce annual spring offensive in Afghanistan  Reuters

Bomb in market kills 16 in southwest Pakistan, half of them ethnic Hazaras  Reuters

Climate Change

MIT Says We’re Overlooking a Near-Term Solution To Diesel Trucking Emissions  (default)

Medical Marijuana

Cannabis Watch: Cannabis packager KushCo sales triple as losses deepen  Marketwatch

Colorado issues public health advisory after pesticide found on certain marijuana products  The Cannabist

Politics

McConnell: I’ll work with Democrats on an immigration deal  Politico

Trump: Grand budget deal ‘not happening!’  Politico

Schumer, McConnell trade blame as Senate declines  “The state of the Senate is bad, and it could get worse.”  Politico

Silicon Valley’s self-regulating days “probably should be” over, Nancy Pelosi says  re/code

White House considered releasing detained migrants in sanctuary cities: Washington Post  Reuters

Dozens of asylum seekers returned to Mexico under Trump policy gain entry to U.S.  Reuters

ICOL  How Trump landed an unexpected blow to one of the US’s best friends  Business Insider

Comey Defends Trump Campaign Surveillance: ‘I Have Never Thought of That as Spying’  NY Times

Julián Castro: Presidential candidates should be required to release tax returns  The Hill

GOP grows tired of being blindsided by Trump  The Hill

Linger  KSA  U.S. Senate leader McConnell still weighing response to Saudi journalist’s death  Reuters

Linger

DNKEY  Danske Bank auditor reported to fraud squad over 2014 report: regulator  Channel NewsAsia

Fed’s Kashkari: Slight rise in U.S. inflation would not be alarming  Reuters

Futurelook

Israeli spacecraft Beresheet crash lands on Moon  Globes

SpaceX Lands All 3 Boosters of Its Falcon Heavy Rocket  Wired

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