Early Global News: Thursday March 21st, 2019

Early Global News

Thursday March 21st, 2019

Macro

Minor quake reported near N. Korea’s nuke test site: KMA  Korean Herald

Phoenix Real Estate in February: Sales down 7% YoY, Active Inventory up 10% YoY  Calculated Risk

China’s nationwide pollution readings rise 5 percent in January-February  Reuters

“Kicking And Screaming” Traders Are Forced To Become Quants, CIO Claims  Zero Hedge

Thursday: Unemployment Claims, Philly Fed Mfg Survey  Calculated Risk

Companies

MU KRX: 034730 SSNLF  South Korea chipmaker shares rise on Micron’s industry recovery outlook  Reuters

QCOM  S.Korean watchdog cuts fine on Qualcomm after decade-old legal battle  Reuters

INTC  Intel teases mobile 9th-generation Core i9 mobile processors at GDC 2019  Digital Trends

SIMO  Falling NAND flash prices to drive SSD adoption in enterprise, datacenter apps  Digitimes

BA  Boeing delays by months test flights for U.S. human space program: sources  Reuters

JPM BAC  Brazil’s Neoenergia taps JPMorgan, BofA and Banco do Brasil for IPO -sources  Reuters

BAYRY  Mother’s exposure to pesticides may increase risk of autism  Daily Mail

FDC  First Data Acquires ayCash, a Leading Digital Merchant Network Services Provider in Germany  Press release

CWT  Hunt selling Kalaeloa water system to California Water Service Group  ACBJ

GCI  Gannett Comments on MNG Enterprises, Inc.’s Continued Failure to Produce a Financing Commitment  Press Release

KHC  Kraft Heinz cede i biscotti Plasmon. In campo i fondi di private equity  iL Sole

NVT (ASX)  Australia’s Navitas agrees to $1.49 billion takeover offer from consortium  Reuters

GIS to ramp up in-display fingerprint sensor shipments to Samsung starting 2Q19  Digitimes

STX HPE NVDA  Seagate partners with HPE and Nvidia to develop AI-based manufacturing platform  Digitimes

MU  Micron to cut DRAM, NAND flash output 5%  Digitimes

YUMC  KFC Aims to Keep Its China Edge With AI Menu, Robot Ice Cream Maker  “Yum China is betting on cashless stores, innovative food items, and customized service.”  Bloomberg

ARES  Ares Management Acquires CoolSys  Press Release

EBAY FWB: SPR  Axel Springer is considering buying the Ebay Classifieds business  “The media company Axel Springer plays through a takeover of the classifieds business of Ebay. A financial investor could be brought on board”  Capital

Opinion  Falling NAND flash prices to drive SSD adoption in enterprise, datacenter apps  Digitimes

Opinion  DB  Deutsche slides down European investment bank rankings  Financial Times

Opinion  MU  Micron sees memory chip recovery coming later in year, shares rise  Reuters

Futurelook  BLK BX EV  SEC Proposes Offering Reforms for Business Development Companies and Registered Closed-End Funds  SEC Filings

Linger  BAYRY  Monsanto risk takes root with Bayer investors  Financial Times

Linger  HYMTF  U.S. fund Elliott battles the odds in latest showdown with Hyundai  Reuters

Stake Changes

GLPG  Galapagos Increases Share Capital Through Warrant Exercises  Reuters

LEVI  Levi Strauss valued at $6.6 bln as IPO prices above target  Reuters

Cloud services provider Fastly taps bank for IPO: sources  Reuters

Xiaomi-Backed Tiger Brokers Raises $104M In US IPO Eyeing Chinese Young Investors  China Money Network

AZO  AutoZone OK’s $1 billion additional stock buyback  Press Release

MTG  MGIC Investment Corporation Announces $200 Million Share Repurchase Program  Press Release

Earnings Finance

LSE: ENOG  Energean profit more than doubles as Greece production surges  Reuters

TCEHY  Tencent to post steepest profit fall in 13 years on games setback  Reuters

NVCR  Novocure’s Chief Science Officer Retires after 17 Years of Service  Press Release

PRGO  Perrigo Appoints Seasoned CPG Veteran Ray Silcock As Chief Financial Officer  Press Release

Pharmaceuticals Healthcare

JAZZ  Jazz Pharma’s sleep disorder treatment gets FDA nod  Reuters

TEVA  With ADHD, amphetamine has double the psychosis risk of methylphenidate  “The psychotic events are rare. But if you think of it on a public health scale, because these drugs are prescribed to millions of children, that could account for thousands of cases of additional risk,”  Reuters

RHBBY  Roche sues US executives in fight over diabetes test strips  Channel NewsAsia

AERI  Aerie Pharmaceuticals Initiates Netarsudil Ophthalmic Solution Phase 2 Clinical Trial in Japan Designed to Support Requirements for Future Regulatory Filing  Press Release

Fact  Health Apps Can Share Your Data Everywhere, New Study Shows  Motherboard

Entertainment Games

GOOGL  Google’s new gaming service will let game makers use rival clouds, executive says  Reuters

NFLX  Bird Box sequel is coming, so take off your blindfolds  Cnet

VIA.B  Viacom International rolls out digital show to 10 regions  Digiday

TCEHY  Razer hooks up with Tencent to focus on mobile gaming  TechCrunch

Military Surveillance

LMT TUR  U.S. may soon pause preparations for delivering F-35s to Turkey  Reuters

BA  Boeing wins $4 billion U.S. defense contract for Navy F/A-18 jets: Pentagon  Reuters

NOC  Northrop Lands Spot on $982M Army Cyber, Electronic Warfare Support IDIQ  GovConWire

Blockchain Bitcoin

SQ  Square Is Staffing up for a New Cryptocurrency Unit, Says Jack Dorsey  Fortune

Regulators are cracking down on crypto speculation — that’s a good thing for the future of bitcoin  Quartz

Blockchain events producer Beyond Blocks cancels conferences amid ‘downturn’  Tech in Asia

FB  Facebook is hiring a lead for its blockchain counsel  The Next Web

Drones Robots

Chinese Visual-Based Robots Developer ForwardX Raises Nearly $15M Series B Round  China Money Network

Dockworkers v robots, Los Angeles edition  Financial Times

Poll: 25 Percent of European Adults Think Maybe Robots Should Be Calling the Shots, Not Politicians  Gizmodo

Japan turns to drones to replace its ageing farmers  South China Morning Post

Casinos Gambling

Assembly debate on Macau tourism volume rejected  GGRasia

Pagcor insists Quezon cannot impose entry fee on casinos  GGRasia

LVS  Suen, LVS complete deal to end battle over Macau licence  GGRasia

New language on Lotte Tour Jeju casino resort completion  GGRasia

LVS  MBS growth opportunity is overseas visitors: LVS exec  GGRasia

CZR  Carl Icahn may partner up with Tilman Fertitta for Caesars bid  NY Post

Social Media

Linger  FB GOOGL TWTR  Social media companies agree to ‘code of conduct’  India  Economic Times of India

FB  Instagram ‘is now out of control’ as children are bombarded with damaging eating disorder images  Daily Mail

FB  Instagram’s New Shopping Feature: Why It Will and Won’t Work  eMarketer

Opinion  FB  New Facebook Messenger Feature to Take the Frustration out of Group Chats  Fortune

Travel Hotel

India state banks want Jet Airways’ Goyal to reduce stake to 10 pct  Reuters

BA  Boeing, FAA face more pressure from U.S. lawmakers over 737 MAX accidents  Reuters

BA  Indonesian investigators to hold news conference on Lion Air crash  Reuters

Indonesia’s Lion Air starts work on $1 billion IPO: Bloomberg  Bloomberg

BA  U.S. probed FAA’s Boeing 737 Max software approval last year  Reuters

BA LUV  Southwest pilots say extra training required after 737 MAX software update  Reuters

BA  FBI joins criminal investigation into Boeing 737 MAX certification – report  Reuters

BA  Inspector General to probe whether acting Pentagon chief helped Boeing  Reuters

EADSY  All Nippon Airways becomes final airline to add new Airbus A380 jumbo jet to its fleet  Channel NewsAsia

JBLU  JetBlue pilots drugged, raped three female crew members: suit  NY Post

BA  Exclusive: Ethiopian crash captain untrained on 737 MAX simulator  Reuters

BA  Boeing to stop charging airlines for optional safety upgrade  NY Times

BA  Ghana airline is close to an order for Comac’s ARJ21 regional jet, giving China’s aircraft maker a toehold in global aviation  SCMP

Auto

TSLA BAMXY HIMTF  From California to Oslo: foreign subsidies fuel Norway’s e-car boom, for now  “The issue has a bigger impact in some European countries, which may be over-estimating the greenness of their domestic car fleets due to exports to Norway, where top plug-in cars include Nissan Leafs, Volkswagens , BMW and Tesla.”  Reuters

NIO TSLA KNDI  China’s Geely posts 18 percent profit jump, predicts flat 2019 sales  Reuters

PCFRY LTHM SQM ALB TSLA  Amnesty faults electric vehicle batteries as carbon intensive  “Amnesty International attacked the electric vehicle (EV) industry on Thursday for selling itself as environmentally friendly while producing many of its batteries using polluting fossil fuels and unethically sourced minerals.”  Reuters

California retirement community to use Optimus Ride’s self-driving vehicles  Business Journals

Delhi drives push for electric vehicles in India  Financial Times

HYMTF  Hyundai sets new Sonata sales target at 70,000 this year  Korean Herald

TSLA  Tesla to start Australia Model 3 deliveries in winter – Musk  The Driven

Futurelook  PGR ALL  At IPO road show, Lyft executives look to lower insurance costs  Reuters

Retail

RGR ENZL  New Zealand bans military type semi-automatic weapons used in mosque massacre  Reuters

SVNDY  Closing time? Japan convenience stores pressed to end 24-7 model amid labor crunch  Reuters

BABA JD  China smashes counterfeiting ring that sold 100 million yuan of branded goods  Channel NewsAsia

UK retail sales rise again in February  BBC World News

BUD DEO  College testing program that would allow alcohol in dorms  NY Post

Martha Stewart looks to expand brand into new markets  NY Post

Opinion  WMT  Aldi is ‘real threat’ to big four supermarkets as it opens small stores to lure rivals’ customers  Daily Mail

Apple

T  AT&T CEO says China’s Huawei hinders carriers from shifting suppliers for 5G  Reuters

NWS.A NYT  Apple secures deal with WSJ for paid Apple News service, NYT and Washington Post opt out  9to5Mac

T CMCSA  AT&T and Comcast claim “anti-robocalling milestone” with new Caller ID tech  Ars Technica

In Q4 2018 Apple slipped into Third Spot behind Huawei for Smartphone Shipments in Europe, the Middle East and Africa (EMEA)  Patently Apple

Opinion  There isn’t a single good reason to buy Apple’s new AirPods  Digital Trends

Energy Commodities

China’s pork imports to jump after first quarter as epidemic hits output: Rabobank  Reuters

China 2019 pork production to fall 10-20 percent year on year: Rabobank  Reuters

LSE: OPHR IDX: MEDC  Ophir agrees to be bought by Indonesia’s Medco in a sweetened bid  $539 million  Reuters

LSE: RIGD  Reliance selling fuels from India to Venezuela to avoid U.S. sanctions  Reuters

LSE: ENPL  Ukraine targets Russia’s En+ with new sanctions  Moscow Times

KOL  China to cut coal from new green bond standards: sources  Reuters

MUR  Murphy Oil nearing deal to sell Malaysian oil, gas assets to PTTEP: sources  Reuters

Metals

FCX  London copper hits 3-week high on dollar weakness, tight supply  Reuters

EWA  Australia clears iron ore ports, miners brace as cyclones approach  Reuters

Gold near 3-week peak on dovish Fed; palladium at record high  Reuters

VALE EWZ  Vale halts operations at another mine in Minas after test  Reuters

Gold hits 3-week high on Fed rate hike delay  Economic Times of India

(SQM ALB LTHM)  Lithium miner says market fears waning as funding hunt resumes  Bloomberg

Pure Alumina buys Canadian player  Creamer’s

Opinion  Bear Market In Gold Is Over, But Watch Out For Short-Term Downside Risks — ICBC  Kitco

Europe

German foreign minister open to one last push for orderly Brexit  Reuters

EWU  Sovereign wealth funds cut pre-Brexit UK investment – report  Financial Times

Politics  Dutch populist wins provincial elections after Utrecht attack  Reuters

China

Chinese State-Owned NewMargin Ventures Reaches First Close For New Fund At $187M  China Money Network

China to link offshore wind and fish farming  ReCharge News

Blast rocks east China chemical plant, casualties unknown  Channel NewsAsia

Politics  EWT  China urges U.S. to block Taiwan leader’s Hawaii stop-over  Reuters

Politics  EU leaders to discuss ways to limit Chinese influence at summit dinner  Reuters

Asia

EWT  Taiwan president to visit Hawaii amid China pressure  Reuters

EWY  S.Korea stocks rally lifted by chip giants; won up  Reuters

EWT  Taiwan shares close up 0.55%  Focus Taiwan

EWJ  Bank of Japan inches back presence in bond market  Nikkei

Futurelook  BABA TCEHY  Race is on for Grab, Ant Financial, WeChat to gain an edge in financial services  Tech in Asia

Politics  EWJ  Official campaigning for unified local polls, including 11 gubernatorial races, begins across Japan  Japan Times

International

Nicaraguan government agrees to release prisoners to restart dialogue  Reuters

Guatemalan presidential candidate Aldana ‘not scared’ of arrest threat  Reuters

Venezuela intelligence agents detain Guaido aide, legislator: Guaido press team  Reuters

GLD  Citigroup to sell Venezuelan gold in setback to President Maduro: sources  Reuters

Colombia court says cannot yet rule on possible changes to peace law  Reuters

EWZ  Popularity of Bolsonaro government plummets in Brazil: Ibope poll  Reuters

Venezuela to cover 70% of domestic demand for medicines — Maduro  TASS

Politics  EWC  In fresh blow to Canada PM Trudeau, lawmaker quits his caucus  Reuters

Russia Ukraine

President’s re-election pitch resonates in heartland of Ukraine’s revolution  Reuters

Russian Lawmakers to Assess Damages From Ukraine’s ‘Annexation’ of Crimea  Moscow Times

China’s New Silk Road To Extend To Russia’s Crimea  Zero Hedge

World-Low 9% of Ukrainians Confident in Government  Gallup

Kiev slaps sanctions on Russia’s lower house speaker  TASS

Mechanized infantry thwart “enemy” offensive at drills in Russia’s Far East  TASS

Most Russians Believe New Law Will Curb ‘Fake News’ – Poll  Moscow Times

Middle East

TUR  Fears over U.S. ties limit Turkish lira gains after Fed decision  Reuters

Iran vows to control prices, boost production despite U.S. sanctions  Reuters

Khamenei says Iran has successfully resisted U.S. sanctions  Reuters

KSA  Saudi king calls Morocco king to review ‘brotherly relations’  Reuters

EGPT  Egypt Soars 10 Places in the 2018 Global Innovation Index  Al Bawaba

SFTBY  Mubadala sets up tech hub in Abu Dhabi with SoftBank  Financial Times

Poll: 73% of Arab Israelis favor joining coalition; voter turnout on the rise  Times of Israel

U.S.-backed SDF denies report of final Islamic State defeat  Reuters

Africa

Hunger stalks Yemen’s remote villages after four years of war  Reuters

Congo Ebola outbreak spreads to city of Bunia  Reuters

Opinion  Americans would be more comfortable in Africa than anywhere else on Earth  Boy Genius Report

Climate Change

Missouri River towns face deluge as floods move downstream  Reuters

U.S. farmers face devastation following Midwest floods  Reuters

Toxic chemicals in ocean algae could be causing Alzheimer’s-like disease in DOLPHINS, study warns  Daily Mail

Medical Marijuana

Pennsylvania Town Decriminalizes Marijuana, Sees Future in Legal Pot  High Times

‘Costco of Cannabis’ Aims to Cut Prices in Half. Will it Work?  Leafly

Cannabis Watch: CVS to carry cannabis producer Curaleaf CBD products  Marketwatch

Cuomo drops pot legalization from New York state budget  The Hill

Politics

EWJ  Japanese PM Abe may meet Trump in April: officials, media  Reuters

Trump’s former communications director Hope Hicks will cooperate with House Democrats’ investigation into the president  Business Insider

Trump’s border wall money may come at the expense of schools for military kids  Business Insider

Trump mulls deploying emergency disaster workers to detention centers  The Hill

How Trump is on track for a 2020 landslide  Politico

White House economic reports grow more political ahead of 2020 ‘socialism’ crusade  Politico

Beto O’Rourke Slams Benjamin Netanyahu, Saying Israeli Has “Openly Sided With Racists”  The Intercept

Wednesday’s story  Trump says he does not mind if public sees Robert Mueller’s ‘ridiculous’ Russia probe report  Japan Times

Fact

Mexicans in the world’s most violent city are taking barbed wire right off the border wall to protect their own homes  Business Insider

Trump wants Kraft to celebrate SB win at White House despite prostitution bust  NY Post

VIAB T  Viacom and AT&T Are Fighting Over a Deal. Here’s How It Could Play Out.  Barron’s

Opinion

The Fed’s New ‘Normal’ Looks Worrisome  WSJ

Not even Trump is expecting 3% growth anymore  LA Times

Linger

BAYRY  Jury finding upends Bayer’s Roundup defense strategy: experts  Reuters

NFL notebook: Kraft reportedly wants to block alleged video release  Reuters

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