Early Global News: Thursday March 14th, 2019

Early Global News

Thursday March 14th, 2019

Macro

Thursday: New Home Sales, Unemployment Claims  Calculated Risk

Companies

VLW (ASX)  Australia’s Villa World gets $197 mln takeover offer from AVID Property  Reuters

PM (MO)  Philip Morris says Indian partner charges machinery costs; calls it “business expense”  Reuters

WMT  Walmart to introduce tablet under its ONN store brand  Bloomberg

HPE  HP’s Laptop Battery Recall, Interrupted by the Government Shutdown, Expands by 78,500 More Computers  Fortune

HYMTF  Hyundai Card to provide IT system for IBM Japan affiliate  Korean Herald

LGCY  Legacy Reserves Inc. Announces Review of Strategic Alternatives  Press Release

ARRS  Ruckus eyeing growing cloud Wi-Fi solutions market in Asia  Digitimes

XPO  XPO Logistics Dropped Acquisition Bid After Short-Seller Report, CEO Says  “Company was ‘close to doing an acquisition’ when share decline pushed XPO to turn to stock buybacks, Bradley Jacobs says”  WSJ

Opinion  GOOGL  What Breaking Up Big Tech Might Look Like  podcast  eMarketer

Stake Changes

Brazil’s Neoenergia prepares IPO- filing  Reuters

KRNY  Kearny Financial Corp. Announces Authorization for Fourth Stock Repurchase Plan  Press Release

Chinese Healthcare Robot Producer Changren Technology Completes $15M Series A Round  China Money Network

Earnings Finance

IFNNY  Infineon names Linde’s Schneider as next CFO  Reuters

HYMTF  S.Korean pension fund deals blow to Elliott in Hyundai fight  Reuters

WFC  Wells Fargo CEO gets 5 percent pay raise  Reuters

PTNR  Partner Communications Announces Preparations for Entry into the Financial Services Sector and Publishes a Tender for the Launch of a Nonbank Consumer Credit Card Through One of the Credit Card Companies  Press Release

Pharmaceuticals Healthcare

New study shows effectiveness of shorter TB treatment  The Telegraph

ESPR  Esperion Announces Publication of Bempedoic Acid Study 1 Results in The New England Journal of Medicine  Press Release

Cancer’s ‘internal wiring’ predicts relapse risk  BBC World News

NVS  Novartis generics boss quits amid conjecture over business’s future  “Novartis’s generics chief is quitting after the Swiss drugmaker sold parts of the business and initiated an 18-month revamp, fueling speculation about an eventual spin-off or sale.”  Reuters

Linger  JNJ  California jury awards $29 million to woman with cancer who used J&J talc  Reuters

Entertainment Games

NFLX  Japan’s Netflix contender bets on youth-driven viral hits  Reuters

RKUNY  Rakuten TV to expand movie streaming to 42 European countries  Reuters

NFLX  Netflix to set own official UK age ratings under BBFC system  BBC World News

China’s Honey Capital, TPG Growth Lead $700M Round In American Media Upstart  China Money Network

Marvel finds a director for its movie about Shang-Chi, the Master of Kung Fu  dis  Digital Trends

NTDOY MSFT  US Esports Ad Revenues Will Grow 25% in 2019  “Will cross $200 million by 2020”  eMarketer

GME  Hestia Capital and Permit Capital Send Letter to GameStop (GME) Board of Directors Calling for a Refreshed Board and Stock Tender Offer of up to $700 Million  Press Release

Military Surveillance

U.S. looks to test ground-launched cruise missile in August  Reuters

US to use more aggressive cyber to strike back at enemies  Boston

BA  Boeing unveils new unmanned defense platform video – CNET  Cnet

BA  Air Force Awards Boeing $250M Bomber Cruise Missile Integration IDIQ  GovConWire

Prepare to man Fort Trump? US has made Poland a ‘very serious robust offer’ for base  Military Times

NOC IPOL  Northrop Grumman was awarded a $349,377,402 firm-fixed-price, Foreign Military Sales (Poland) contract  Department of Defense

U.S.-backed Syria forces say advanced into IS enclave  Reuters

Blockchain Bitcoin

CipherTrace Partners with Maltese Regulators to Manage Risk of Financial Crimes  Bitcoin Magazine

Valued At $1 Billion, Canaan Creative Is Encroaching on Bitmain’s Dominance  Bitcoin Magazine

TCS to drive Blockchain adoption  Economic Times of India

Vietnam travel startup offers to pay for user data in cryptocurrency  “Triip platform challenges Google model for use of personal information”  Nikkei

Linger  China holds the highest number of blockchain patents  Technode

Casinos Gambling

LVS  LVS says Suen help in Macau worth tiny amount versus claim  GGRasia

Macau gaming tax rev up 4.8pct in first two months 2019  GGRasia

MLCO  Melco Resorts ‘roadmap’ to bar single-use plastic  GGRasia

Okada Manila’s GGR jumps 73pct in February: Universal  GGRasia

New Jersey casinos raked in $241.2M in February alone  NY Post

Social Media

GOOGL  Google Removed 2 Million Pages a Month From Its Ad Network in 2018 for Policy Violations  Adweek

GOOGL  Google shutters its Spotlight Stories VR studio after six years  Engadget

GOOGL  Korea asks Google to change unfair terms for YouTubers’ content  Korean Herald

FB TWTR  Social Commerce Referral Grows 110%  eMarketer

FaceBook

Instagram back up after several hours; Facebook still down for some  Reuters

U.S. prosecutors probing Facebook’s data deals: NYT  Reuters

Facebook Under Criminal Investigation Over Data Deals  Zero Hedge

SPOT  Facebook launches new Watch Party features for live TV, deeper integration with Spotify  9to5Mac

Facebook considers paying back advertisers as system outages persist around globe  Japan Times

Travel Hotel

BA EADSY  Airbus, Ethiopian Airlines discussing new plane deal: French official  Reuters

BA  Garuda Indonesia CEO says ‘possibility’ airline will cancel Boeing 737 MAX orders  Reuters

Lufthansa eyes stable margins, mid single-digit revenue growth in 2019  Reuters

MTN  Colorado trooper killed as ‘Bomb Cyclone’ unleashes snow, high winds  Reuters

BA  Ethiopian crash black boxes arrive in Paris for analysis  Reuters

Lessor May Divert Jet Air Planes to Plug Demand Boosted by Max  “BOC Aviation sees quite a lot of demand for 737-800 planes”  Bloomberg

Opinion  BA  The Boeing 737 MAX Fleet Is Grounded, but the Stock Has Fallen Far Enough. Here’s Why.  Barron’s

Auto

SFTBY TM (GOOGL TSLA)  SoftBank, Toyota in talks to invest $1 billion in Uber’s self-driving unit: sources  Reuters

BAMXY  Ineos will use BMW engines for Defender-inspired SUV  Automotive News

Nearly 3 in 4 Americans are reportedly afraid of self-driving cars, study says  Digital Trends

Tesla tuner develops Model 3 mods to improve drag, efficiency, and range  Electrek

TSLA  China’s already driving affordable electric SUVs to rival Tesla’s highly anticipated Model Y  Quartz

Bugatti mulls electric car  Automotive News

VLKAY  Volkswagen’s Skoda Auto February deliveries down 2 percent due to China  Reuters

TSLA  China customs lifts suspension on Tesla Model 3 imports: sources  Reuters

F  Ford to expand autonomous-car research in race to launch robo-taxi service  Digital Trends

Retail

EURONEXT: CO  Retailer Casino eyes more profit growth in three year strategy plan  Reuters

Gaw Capital-Led Consortium Pays $1.53B For 12 Shopping Centers In Hong Kong  China Money Network

Junk food companies target children by using a loophole in advertising regulations, experts warn  Daily Mail

SEB  Butterball LLC Recalls Turkey Products Due to Possible Salmonella Schwarzengrund Contamination  

Apple

GSK  GlaxoSmithKline just won a design Patent for a High End Fitness Band-Like Medical Device  Patently Apple

Apple Suppliers ‘Gearing Up for Mass Production’ of Updated iPad and AirPods  MacRumors

QCOM INTC  Apple argues Qualcomm’s ‘real motivation’ in patent suit is retaliation over iPhone’s switch to Intel  9to5Mac

PCB firms about to mass produce components for new AirPods and iPads  Digitimes

SSNLF  Samsung begins production on new 12GB RAM chips for phones – CNET  Cnet

India’s iPhone scene to change in a big way  Economic Times of India

Opinion  Czech network operator CETIN sees Huawei risks as manageable: newspaper  Reuters

Opinion  Opinion: Apple is ‘playing fair,’ but Spotify doesn’t like the rules  9to5Mac

Energy Commodities

CVX  Chevron gives green light for Jansz-Io FEED  Mining Weekly

PCG  Deadly 2017 wildfire found sparked by So. California Edison power lines  Reuters

U.S. aims to cut Iran oil exports to under 1 million bpd from May – sources  Reuters

BHP  BHP to drill more wells in Trinidad after gas finds  Reuters

PBR  Petrobras asks to participate in Supreme Court case on state divestments  Reuters

India’s Gail CEO calls for more flexibility in U.S. LNG contracts  Reuters

Mexico’s refineries to run at 70 pct of capacity this year -official  Reuters

COPENHAGEN: ORSTED  Orsted links green hydrogen to Dutch offshore wind bid  ReCharge News

Restarting No. 4 nuclear plant project could cost NT$70 billion: AEC  Focus Taiwan

KOL  Alabama coal industry posts $2B in met coal exports  Business Journals

US aims to cut Iran oil exports to under 1 million bpd from May: Sources  Channel NewsAsia

URA  India, US agree to build six nuclear power plants in India  “India and the US signed a historic agreement to cooperate in civil nuclear energy sector in October 2008. The deal gave a fillip to bilateral ties, which have been on an upswing since.”  Hindustan Times

At least two killed in Iran gas pipeline explosion – report  Jerusalem Post

Opinion  FSLR  Large-scale solar power set for double-digit growth: Goldman Sachs  Reuters

Linger  Kuwait to Boost Gas Production With New Gas Pipeline Inauguration  Al Bawaba

Metals

China Jan-Feb steel output rises from December on strong margins  Reuters

Zinc eases, but near eight-month top on supply concerns  Reuters

SCCO (SQM LTHM ALB)  Southern Copper eyes lithium project in Mexico -CEO  Reuters

Capricorn says takeover suitors are circling following board spill  Creamer’s

Europe

EWU  DUP leader urges May to hold her nerve and change Brexit deal  Reuters

Brexit: DUP in talks with UK government on alternative deal – BBC  Reuters

EWU  Brexit: Goldman sees greater chance of PM May getting deal through  Reuters

Capital markets union: Presidency and Parliament reach provisional deal on clearing house rules  “The EU will soon have a new framework in place, setting out rules for clearing houses in the single market.”  Consilium

EWG  Germany: Annual CPI in flash estimate rises to 1.6% in February vs 1.5% expected  FX Street

Opinion  EWU  UK’s Hammond says possible EU will insist on long Brexit delay  Reuters

China

Deeper Cracks in China’s Housing Foundations  “Too much investment, too few buyers could mean trouble ahead”  WSJ

China industrial output growth falls to 17-year low, more support steps expected  Reuters

China’s property investment growth hits five-year high driven by smaller cities  Reuters

Yuan Slides After China Jobless Rate Spikes, Industrial Production Growth Tumbles  Zero Hedge

Chinese factory-output growth slows to weakest on record  Financial Times

Opinion  Gary Cohn says Trump is ‘desperate’ for trade deal with China  Washington Post

Politics  China hits back at ‘prejudiced’ U.S. with own rights criticism  Reuters

North Korea

North Korea Advertises Military Hardware On Twitter and YouTube, Defying Sanctions  Motherboard

N. Korean media call for phased denuclearization, urge fight against sanctions scheme  Korean Herald

Asia

EWJ SFTBY  Nikkei rises as SoftBank surges on Uber self-driving investment hopes  Reuters

EWT  El Salvador top court suspends scrapping of Taiwan trade accord  Reuters

EWS  Overall improvement in labour market in 2018, but trends mixed towards end of year: MOM  Channel NewsAsia

INDA  WPI inflation rises to 2.93% in February  Economic Times of India

EWT  Taiwan shares close down 0.24%  Focus Taiwan

EWT  Magnitude 4.6 earthquake jolts eastern Taiwan  Focus Taiwan

INDA  Wholesale inflation rises to 2.93 percent in February after a 10-month low of 2.76…  “The wholesale price inflation last month was higher than a 2.88 percent increase forecast by economists in a Reuters poll.”  Hindustan Times

EWM  Malaysia: schools closed after hundreds poisoned by toxic waste dumped in river  The Guardian

EWS EWM  Singapore and Malaysia make major breakthrough in maritime dispute  “Relations still tense as Kuala Lumpur continues to demand water price renegotiation”  Nikkei

International

EWW  Mexico rescues 34 Central Americans from home in violent Tamaulipas state  Reuters

EWA  Hot weather to linger across Australia in blow to rural sector  Reuters

Venezuela seeks to restore power amid looting; China offers help  Reuters

EWZ  Brazil’s right-wing government puts gag order on environment agency  Reuters

Amid crisis, Cuba plans revamp of state and legal system  Washington Post

Russia Ukraine

Moscow, St. Petersburg Named Europe’s Most Dangerous Cities  (default)

Russia’s Natural Resources Make Up 60% of GDP – Reports  Moscow Times

Africa

More people die after Nigeria building collapse: emergency agency official  Reuters

EWQ  In Kenya push, France seals business deals worth over 2 bln euros  Reuters

Congo president frees several political prisoners, 700 others  Reuters

Climate Change

EWA  Western Australia environment regulator backtracks on carbon offset need  Reuters

Pasir Gudang methane poisoning: NEA says air quality along coast ‘within safe levels’  Channel NewsAsia

INDA  Millions to die prematurely by 2050 due to pollution: UN  Economic Times of India

Economics

Senior Republican, eyeing Trump budget, worries about U.S. debt  Reuters

Pound eases from 9-month high in Asia  Financial Times

Wall St tries to clean up $8tn market for credit derivatives  Financial Times

Politics

Beto O’Rourke to seek Democratic U.S. presidential nomination: source  Reuters

EWC EWW  Democrats cool toward NAFTA replacement, question labor standards  Reuters

Senate heads toward rejection of Trump border emergency  Boston

‘Extraordinary’: GOP heads for unprecedented clash with Trump  Politico

Mueller’s top prosecutor to step down – report  Daily Beasat

Fact

Alleged Gambino crime boss shot, killed outside Staten Island home  Reuters

Armed police storm school where 15-year-old pupil ‘threatened to kill 30 children’  Daily Mail

Opinion

GE  What General Electric investors want from CEO on Thursday  Reuters

Why U.S. growers are betting the farm on soybeans amid China trade war  Reuters

Bank customers would share more data for benefits – report  Reuters

BABA TCEHY BILI  What Bilibili stakes reveal about Alibaba’s and Tencent’s content strategies  Technode

Linger

GS  Malaysia’s securities regulator issues Goldman Sachs with show-cause letter  Reuters

EWZ  Inspired by Columbine, Brazil pair kill eight and themselves in school shooting  Reuters

Nxivm ‘sex cult’ case: Co-founder pleads guilty to racketeering  BBC World News

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