Early Global News: Monday March 18th, 2019

Early Global News

Monday March 18th, 2019

Macro

Donald Trump-Xi Jinping meeting to end US-China trade war may be pushed back to June, sources say  “One stumbling block appears to be the demand from some in the White House for an enforcement mechanism to ensure China lives up to its promises”  South China Morning Post

Companies

WP  Fidelity National to buy payment processor Worldpay for about $35 bln  Reuters

SGX: Z74  Singtel signs deal to expand mobile wallet alliance to Japan  Reuters

WFC PFG  Principal Financial close to Wells Fargo retirement unit acquisition-sources  Reuters

CZR ERI  Eldorado Resorts, Caesars explore merger – sources  Reuters

TSM  Global Top Ten IC Foundries Ranked for 1Q19, with TSMC Expected to Reach 48.1% Market Share, Says TrendForce  Trendforce

CREE  Cree Announces the Sale of Lighting Business to Ideal Industries  LED Inside

EADSY  UK space internet firm OneWeb ready for lift-off  BBC World News

Stake Changes

Warburg Invests $100M In Series D+ Round Of Chinese FMCG Industrial Internet Unicorn  China Money Network

Data Recovery Company Zerto Mulls New York IPO  CTech

Bargain Shopping App Wish in Talks to Raise $300 Million  The Information

Sports Direct to seek to buy Debenhams if it goes into administration  Financial Times

INFY  Mindtree co-founder Ashok Soota says share buyback will not avert L&T takeover  CNBC

CWK  Cushman & Wakefield Announces Commencement of Public Offering by Selling Shareholders  Press Release

TCEHY  Tencent-Backed Online Broker Futu Targets US Expansion After NASDAQ IPO  China Money Network

Bargain Shopping App Wish in Talks to Raise $300 Million  The Information

Earnings Finance

RIO  Rio asks shareholders to vote against emissions resolution  Reuters

WPP  WPP’s Kantar Consolidates All Divisions Under Single Brand Name  Adweek

SFTBY  The Fortress Investment Group’s new hire has stunned Wall Street  NY Post

Rupert Murdoch begins his Hollywood goodbye by dismantling his US$100 billion trailblazing media empire  South China Morning Post

PLT  Plantronics + Polycom Relaunches to Focus on Driving the Power of Many  Press release

Pharmaceuticals Healthcare

Group with consumer-friendly vibe pushes drugmakers’  Boston

HIV cases up 56pc as sexually transmitted diseases soar  Ireland  Irish Independent

AZN  US FDA grants saracatinib Orphan Drug Designation for idiopathic pulmonary fibrosis  Press Release

NVS  Alcon Announces Acquisition of PowerVision, Inc.  ” Acquisition demonstrates Alcon’s commitment to driving growth and innovation in advanced technology intraocular lenses (AT-IOLS) to meet the needs of cataract surgery patients who desire spectacle independence”  Press Release

AERI  Aerie Pharmaceuticals Initiates Phase 2 Clinical Trial of AR-1105 (Dexamethasone Intravitreal Implant) in Patients with Macular Edema Associated with Retinal Vein Occlusion  Press Release

UNH  Landmark ruling sets precedent for parity coverage of mental health and addiction treatment  Stat News

Entertainment Games

DIS  Disney star sued for sending explicit messages and videos to 13-year-old girl  CNA Lifestyle

PUBG players in India are being arrested just for playing the game – CNET  Cnet

Steam partners can use Valve’s network to speed up game traffic  Engadget

NFLX  Apple’s Big Spending Plan to Challenge Netflix Takes Shape  NY Times

Briefing: Bytedance solidifies move into gaming with acquisition  TechNode

NTDOY  Razer 3 gaming handset coming, as Nintendo mulls joining the race  Digitimes

VIAB  Viacom Closes Deal To Sell Awesomeness Content Globally & Strikes Deal With RTL’s German SVOD Service TV Now  Deadline

Military Surveillance

India seeks US view on use of F-16 fighter jets  Economic Times of India

EWY  S. Korea, US defense chiefs to meet in Washington next month  Korean Herald

Blockchain Bitcoin

The Effects of Blockchain on Global Economy  Al Bawaba

‘Bitcoin billionaires’ Tyler and Cameron Winklevoss see no limits to how huge their business could become  The Telegraph

Canberra stumps up AU$100K to boost Aussie blockchain industry  ZDNet

Maxonrow launches real-name blockchain system in Taiwan  Digitimes

Drones Robots

Robot brain teaches machines to pick up objects they haven’t seen before  Engadget

Shrimp-inspired robot claw could punch through rock  Engadget

EADSY  Wilhelmsen And Airbus Trial World’s First Delivery Drone Service To Ships  Zero Hedge

Casinos Gambling

Concession extension aids MGM China financing: CEO  GGRasia

New Silkroad wins approval for Jeju casino project  GGRasia

Casino investor Landing Int sees exit of Jay Lee as COO  GGRasia

Sands China board flags 2018 final dividend  GGRasia

Chinese workers sue Saipan casino over forced labor scheme  Macau Daily Times

CZR  Americans to bet $8.5 billion on NCAA’s ‘March Madness’ basketball tournament: report  Reuters

Social Media

Teen accused of sharing a livestream of the Christchurch massacre faces 14 years as he’s denied bail  Daily Mail

MTCH  Tinder ditches its hidden desirability scores  Engadget

GOOGL  EU citizens being tracked on sensitive government sites  Financial Times

BABA  Alibaba debuts a chatbot to tackle robocalls  TechNode

TWTR  Twitter’s former CFO joins SoftBank-backed farming startup Plenty  Japan Times

Influencer Marketing: Stories, Fraud and Microinfluencers  eMarketer

FaceBook

FB  New Zealand firms consider pulling ads from social media after mass shooting  Reuters

Fidji Simo, now in charge of Facebook’s app, helped Facebook build a $55 billion ad business  Digiday

One of India’s top political YouTubers says he’s been banned from Facebook for 30 days  Quartz

AirAsia CEO quits Facebook after New Zealand mosque massacre  “Discount airline founder condemns airing of killings on social media”  Nikkei

WhatsApp Testing In-App Browser, Reverse Image Search  Ubergizmo

Sen. Amy Klobuchar, 2020 presidential candidate, explains how she would regulate Big Tech if she wins  re/code

Travel Hotel

CPCAY  Cathay Pacific says budget airline would serve ‘unique market segment’  Reuters

BA  U.S. Transportation Dept probes FAA approval of 737 MAX: WSJ  Reuters

BA  Boeing says finalizing software upgrade, revising pilot training for 737 Max  Reuters

Duty-free alcohol to be kept in sealed bags as airlines attempt to reduce drink-fuelled violence  Daily Mail

Jet Airways delays payment to debenture holder  Economic Times of India

BA  FAA workers sounded alarm about Boeing performing its own safety checks as early as 2012  Japan Times

LUV HA  Southwest Airlines launches Hawaii flights  USA Today

UTX  Sensor cited as potential factor in Boeing crashes draws scrutiny  Rosemount Aerospace  Washington Post

Virgin and Stobart to unveil Flybe takeover  Felton Business News

Linger  BA  China’s ‘zero tolerance’ attitude means grounding troubled Boeing 737 Max 8 was not an accident  South China Morning Post

Auto

NSANY  Nissan governance panel sees no need to overhaul alliance agreement -source  Reuters

SFTBY  Uber Rolls out New ‘Lite’ App in the Region  Al Bawaba

DMLRY  Mercedes will build Maybach SUV at its U.S plant  Automotive News

Advocates pressing for more electric car charging stations in Mass.  Boston

TSLA  Husband nearly runs wife over as he tests Tesla’s autopilot by having her step out in front of car  Daily Mail

GOOGL  Trump has privately voiced skepticism about driverless cars: report  The Hill

F  Ford to cut more than 5,000 jobs in Germany, others in UK  Daily Mail

NSANY  Nissan governance panel sees no need to overhaul alliance agreement -source  Reuters

BAMXY  BMW, Varta apply for funds in battery cell push for EVs  Automotive News

Retail

WMT  Walmart Japan’s new CEO: Seiyu ‘absolutely’ not for sale  Reuters

JD  JD Sports to buy Footasylum for £90m  BBC World News

AMZN  A ‘cutthroat market’: Amazon wants to reach lower-income customers  Digiday

Lawmaker introduces bill banning sale of fur coats in New York  NY Post

EIDO  Indonesia’s gambling with a tax on e-commerce. Will it pay off?  South China Morning Post

Opinion  The case for legalizing sex work, which has always existed and always will  Quartz

Apple

Apple Might Begin AR Glasses Production Soon with Its New Granted Patent  LED Inside

Telstra and Optus to deliver 180 more base stations for mobile blackspot program  ZDNet

3008.TW  Largan looking to grow non-Apple customer base  Digitimes

Demand for metal masks rising in China  “Demand for metal masks from China is escalating as a total of four 6G OLED lines are expected to come online in 2019 in addition to some existing 6G fabs, the sources said.”  Digitimes

SNE  Sony Mobile revises downward fiscal 2018 smartphone shipment target  Digitimes

Apple’s Chinese suppliers overtake US for first time  “iPhone maker’s mainland ties deepened despite trade war”  Nikkei

Energy Commodities

USO  Oil pulled two ways by economic slowdown, OPEC-led supply cuts  Reuters

RDS.A  Tank fire sends black plume across Houston, spreads to second tank  Reuters

Italian olive oil squeezed as disease decimates crops  Financial Times

USO  OPEC, Russia to cut oil production even more, but for how long?  Marketwatch

EWZ  US wheat and Brazilian fresh beef included in agriculture talks in Washington  MercoPress

US and Saudi Arabia blocking regulation of geoengineering, sources say  “Delegates at UN environment assembly say the oil producers are protecting their industries”  The Guardian

Israel’s Delek Drilling mulls London IPO for Leviathan natgas stake  Reuters

EWA  MCA calls for tax reform, says ‘excessive’ burden is hurting investments  “A new report by the Minerals Council of Australia (MCA) has warned that Australia’s continued lack of tax reforms will make it much harder for the country to compete for investment, as other countries continue to cut tax rates.”  Mining Weekly

EWS  Singapore non-oil domestic exports stage surprise rebound  “Rise in exports to China, Hong Kong may be part due to trade diversification”  Nikkei

PD.CN  Precision Drilling Announces Asset Divestitures, Senior Note Redemption and Provides International Contract Update  Press Release

Iran Aims to Increase Gas Production From Shared Field With Qatar  Al Bawaba

Opinion  Saudi energy minister says OPEC needs ‘to stay the course’ on supply cut pact  Reuters

Metals

FCX  Copper edges higher for second day amid market tightness  Reuters

Most base metals fall after weak U.S. manufacturing data  Reuters

Continental obtains $175m for Colombia gold mine  Creamer’s

At least 30 people die after Angola mine collapse  Creamer’s

Pilbara and Posco to form South Korea downstream processing JV  “Lithium producer Pilbara Minerals has taken a step closer to develop downstream processing capabilities, exercising an option with Korean major Posco.”  Creamer’s

URA  Wiluna offering vanadium alternative to Toro  “Uranium developer Toro Energy on Monday revealed that it would test the feasibility of extracting both uranium and vanadium concurrently at its Wiluna project, in Western Australia.”  Creamer’s

China

China’s regions seek support as environmental compliance costs hit  Reuters

China says 13,000 ‘terrorists’ arrested in Xinjiang since 2014  Reuters

Close to 90 pct young Chinese worry over retirement: survey  Ecns.cn

US seizes pork shipments from China fearing contagion of African swine flu disease  MercoPress

Cash-strapped Chinese regions seek support from Beijing to meet costs of environmental clean-up  South China Morning Post

TAL RYB  Kindergarten teacher is sacked after whipping small children in class for disobeying orders  Daily Mail

China steps up defence of incarceration of Uighurs  Financial Times

Hong Kong shares at nine-month high on China stimulus bets  “CSPC Pharmaceutical and WH Group rise after earnings”  Nikkei

Opinion  Revenue to raise at least $100 million in media listings in the US during the 36-year period  Sina News

Politics  Trump Wants a Strong Yuan—He May Get It Regardless  WSJ

Linger  Taiwan ODMs keep diversifying production to Southeast Asia  Digitimes

Asia

EWJ  Nikkei driven up by chip-related stocks but weak export data caps gains  Reuters

EWS  Singapore exports rebound 4.9% in February  Channel NewsAsia

INDA  CVC finds many flaws in sale of bad debt by banks  India  Economic Times of India

INDA  Rupee opens 18 paise higher at 68.92 against dollar  Economic Times of India

EWT  Taiwan shares close up 0.70%  Focus Taiwan

EWJ  Hundreds of firms may be demoted in Tokyo Stock Exchange shake-up  Japan Times

EWJ  Japan’s exports slump again on weak external demand, putting central bank on notice  Japan Times

EWY  Medium-range missile accidentally launches, explodes in air  Korean Herald

EWY  Foot and mouth disease spreads to the whole of the Korean peninsula  MercoPress

EWS  Singapore February exports snap three months of falls  Financial Times

No sign of imminent North Korea missile launch: South Korea defense chief  Reuters

International

Venezuela’s Maduro plans ‘deep restructuring’ of government: Vice president  Reuters

EWZ  Brazilian generals in standing contact with their Venezuelan counterparts, reveals Defense minister  MercoPress

EWZ  Bolsonaro in Washington, meets Trump on Tuesday: closer political collaboration and Venezuela in the agenda  MercoPress

Maduro asks Venezuelan government to resign – vice president  TASS

EWA  Briefing: Huawei’s $200 million contract for Perth trains confirmed  TechNode

Russia Ukraine

EWC  Canada to extend military training mission in Ukraine: source  Reuters

Russian Footballer Pogrebnyak Could Face Ban Over ‘Racist’ Comments  Moscow Times

Crimeans Mark Five Years of Russian Rule With Cossacks, Eagles and Bikers  Moscow Times

Black Sea Fleet to get 13 ships, including some armed with Kalibr missiles  TASS

Crimea is ‘unassailable fortress’, no danger of provocations, says regional head  TASS

Middle East

Rouhani says Iran will file legal case against U.S. for sanctions  Reuters

KSA  Saudi crown prince approved ‘intervention’ against dissidents: Report  “More than a year before the killing of journalist Jamal Khashoggi, Saudi Arabia’s powerful Crown Prince Mohammed bin Salman approved a secret campaign to silence dissenters Read more at https://www.channelnewsasia.com/news/world/saudi-crown-prince-approved-intervention-against-dissidents-11354362”  Channel NewsAsia

KSA  Saudi crown prince allegedly stripped of some authority  The Guardian

Iranian border guard killed in clash with armed bandits  PressTV

Israel said ready to offer Gaza easing of export limits, larger cash transfers  Times of Israel

Isis Terror

Syrian, Iranian, Iraqi military chiefs to meet in Damascus: paper  Reuters

U.S.-backed force says it has taken positions in Islamic State Syria camp  Reuters

Mosque gunman ‘not suffering any mental disability’, will represent himself: Ex-lawyer  Channel NewsAsia

Up to 5,000 people are holed up in last Islamic State enclave in Syria  Daily Mail

Hamas detains hundreds after violently suppressing Gaza’s ‘revolt of the hungry’  Haaretz

Syrian, Iranian, Iraqi military chiefs to meet in Damascus: paper  Reuters

Climate Change

More flooding expected for devastated U.S. plains states  Reuters

EWM  Temperatures set to hit 40 degrees Celsius in Kedah as heatwave grips Malaysia  Bernama

LG partners with Gwangju City to foster air-purifying ecosystem  Korean Herald

Dead whale washed up in Philippines had 40kg of plastic bags in its stomach  The Guardian

At least 89 dead in Zimbabwe as Cyclone Idai leaves trail of destruction  Reuters

Medical Marijuana

Can legal weed ever beat the black market?  The Guardian

Parents’ cannabis oil plea for baby boy who suffers up to 100 seizures a day  The Mirror

Kids forced to leave the UK to survive as 25,000 still denied cannabis ‘cure’  The Mirror

Economics

EWG  Deutsche, Commerzbank merger would put 30,000 jobs at risk – union  Reuters

Universal basic income ‘could be funded by reversing welfare cuts’  The Guardian

U.S. mortgage rates move significantly lower  Business Journals

Opinion  As China Faces Slowdown, Stimulus Will Have Smaller Global Reach  “Economic growth since financial crisis means large-scale tax cuts and spending won’t accomplish as much as they used to”  WSJ

Opinion  Federal Reserve Rate Projections Could Show Greater Confidence in Extended Pause  “Central-bank officials are also preparing to finalize endgame for asset-portfolio runoff”  WSJ

Politics

EWA  More Than 1 Million Want Removal of Australian Senator  Al Bawaba

‘The White House can’t whitewash the white nationalism,’ blasts CNN anchor. White House pushes back  Haaretz

Trump Crackdown Scares Immigrants, and the Farmers Who Rely on Them  NY Times

US accused of trying to dilute global agreements on women’s rights  The Guardian

Kansas Department of Transportation calls Trump ‘delusional communist’ on Twitter  The Hill

Fact

Sunday Night Futures  Calculated Risk

US detects meteor explosion 10 times the energy as atomic bomb: report  Fox News

Opinion

Global recession prophets have misread the US and Chinese economies  South China Morning Post

VIVHY  Billionaires’ Sniping Reveals a Semi-Deserving Winner  ” In the year-long battle between Telecom Italia SpA’s two biggest shareholders, the temptation is to invoke Mercutio and declare a plague on both houses.”  Bloomberg

Futurelook

Scientists are discovering the secrets behind whole-body DNA regeneration – CNET  Cnet

Elon Musk shows off fiery SpaceX Starship heatshield test – CNET  Cnet

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