Early Global News: Thursday November 8th, 2018

Early Global News

Thursday November 8th, 2018

Macro

Infrastructure spending rises up US political agenda  Financial Times

Fed is set to keep rates on hold before a hike later in year  Boston

Thursday: FOMC Announcement, Unemployment Claims  Calculated Risk

Companies

ARRS COMM  CommScope to Acquire ARRIS  “Approximately $7.4 Billion Transaction Accelerates CommScope Vision to Shape Communications Networks of the Future”  Press Release

SOGO  Sogou and Xinhua News Agency co-launch AI TV anchor  TechNode

DB  Maxine Waters Vows To Examine Trump Ties To Deutsche Bank  Zero Hedge

XLF  Big investors sue 16 banks in U.S. over currency market rigging  Reuters

UBS  UBS expects to be sued by U.S. Justice Department over crisis-era mortgage securities  Reuters

GOOGL  Google could add 12,000 new workers in big New York City office expansion  “Google is gearing up for an expansion of its New York City real estate that could add space for more than 12,000 new workers, an amount nearly double the search giant’s current staffing in the city, according to people familiar with the matter.”  WSJ

WFC  Wells Fargo Is Exploring Sale of Its Retirement Plan Services  ” Division could be worth up to $1 billion in a potential sale”  Reuters

CSOD  Cornerstone Accelerates Momentum in Content with Acquisition of Grovo  ” signed a definitive agreement to acquire Grovo Learning, Inc., the leading provider of micro-learning content, for $24 million in an all-cash deal, subject to certain closing adjustments.”  Press Release

TLND  Talend to Acquire Stitch, a Leader in Self-Service Cloud Data Integration  Press Release

LSE: BEZ  Beazley premiums jump, sees $105 mln early hit from disasters  Reuters

DBX ADBE DOCU  Dropbox partners with Adobe, DocuSign and more to expand platform  TechRadar

TSM QCOM  Qualcomm to better partner with TSMC for HPC chips fabrication  Digitimes

FLLO  Flowers Foods To Acquire Canyon Bakehouse  “Fastest-growing gluten-free bread loaf brand in U.S. brings strong growth potential”  Press Release

RC ORM  Ready Capital Announces Merger With Owens Realty Mortgage  Press Release

NYT  To goose subscriber growth, The New York Times plans to try a dynamic meter  Digiday

Opinion  AUO  Taiwan small- and mid-size panel shipments to continue to drop in 4Q18, says Digitimes Research  Digitimes

Opinion  TSM  Global heavyweight clients touting adoption of TSMC 7nm node  Digitimes

Linger  FXCNY  Foxconn’s Wisconsin plant faces headwinds after US elections  “Incoming governor wants to renegotiate deals around $10bn factory”  Nikkei

3:45pm Wednesday  TSN  Tyson Foods CEO looks to make international acquisitions  WSJ

Stake Changes

TC  Chinese auto marketplace TuanChe sets terms for $34 million US IPO  “The Beijing, China-based company plans to raise $34 million by offering 4 million ADSs at a price range of $7.50 to $9.50. “  Press Release

WEI  Chinese loan platform Weidai sets terms for $45 million US IPO  “The Hangzhou, China-based company plans to raise $45 million by offering 4.5 million ADSs at a price range of $9 to $11. “  SEC Filing

CMG  Bill Ackman’s Pershing Square Sells $56 Million in Chipotle Stock  Barron’s

EAT  President and CEO, Wyman T. Roberts sold 15,000 shares (net)  SEC FIling

TNDM  CEO and President Kim Kickenstaff sold198,000 shares  SEC FIling

Linger  FCXNY  The Hangzhou, China-based company plans to raise $45 million by offering 4.5 million ADSs at a price range of $9 to $11.  Nikkei

Earnings Finance

ZG  Zillow Group recruits Amplero founder Olly Downs as AI chief  Business Journals

Vice Media to cut workforce by up to 15%, consolidate websites  Marketwatch

Software firm CDK names former Intel chief Brian Krzanich its CEO  WSJ

SIEGY  Siemens sees favourable market environment next year  Reuters

TOSYY  Toshiba to shed troubled assets, cut 7,000 jobs as part of new five-year strategy  Reuters

TOSYY  Toshiba to take more than $800 million loss to exit U.S. LNG business  Reuters

IT spending in EMEA region to reach $973 billion in 2019: Gartner  “Spending is going up, but demand for consumer devices is expected to slide.”  ZDNet

Pharmaceuticals Healthcare

ETTX  Experimental treatment appears effective against gonorrhea in small study  Stat

EDIT  Cambridge’s Editas asks FDA to start gene editing trial  Business Journals

HHS to allow some employers to opt out of providing birth-control coverage  Marketwatch

ETTX  Entasis Therapeutics Announces Zoliflodacin Phase 2 Results Published in The New England Journal of Medicine  Press Release

Entertainment Games

GOOGL  YouTuber Suspended for Video of Killing Feminist in ‘Red Dead Redemption 2’  Motherboard

IHRTQ  iHeartRadio now offers an on-demand family plan for $15 per month  “Up to six family members can have their own profiles.”  Engadget

KRX: 036570  NCSoft unveils 5 new mobile games  Korean Herald

NFLX  Netflix plans to make 17 more original productions in Asia  Reuters

TCEHY NTES  Tencent cuts marketing budget for games amid China crackdown: sources  Reuters

BABA  Alibaba’s on-demand online services unit valued at $30 billion: sources  Reuters

Fact  MSFT NTDOY  Red Dead Redemption 2 Sells More in 8 Days Than Its Predecessor Did in 8 Years  Fortune

Fact  WME Briefly Evacuated After Suspicious Package Delivered to L.A. Office  Variety

Military Surveillance

Army manpower crisis exposed — with 25 out of 30 infantry battalions short of troops  England  The Mirror

Five Firms to Provide Security Support Services Under $4B Contract  Department of Defense

RHMG.DE EZA  Saudi makes $1 billion bid for partnership with South Africa defense group Denel  Reuters

Blockchain Bitcoin

The world’s first crypto city video – CNET  Africa  Cnet

Circle CEO Says Midterms Could Be Bad for Crypto  The Information

Bitcoin Volatility Collapses To 2-Year Lows – More Stable Than The S&P 500  Zero Hedge

Crypto 2.0 May Be Digital Cash You Can Actually Use to Buy Stuff  ” Dozens of stable coin projects in development, researcher says”  Bloomberg

French authorities are pushing a 30 percent flat-rate Bitcoin tax  The Next Web

Drones Robots

‘Net Guard’ concept imagines drones saving humans from burning buildings  Boy Genius Report

Samsung built a robot butt just to test its smartphones’ durability  TechRadar

Drones being used by gangs to transport stolen goods – new report  Irish Independent

Casinos Gambling

WYNN LVS  Macau faces ‘gloomy prospects’ says retail investor firm  “Though gaming revenues from Macau increased for the 27th consecutive month in October, the growth rate has softened since the second quarter,” wrote the firm.  Macau Daily Times

LVS  Sands China spearheads responsible gaming initiatives  Macau Daily Times

WYNN  Wynn plans two more hotels, 1,300 rooms at Cotai property  GGRasia

Okada Manila one step closer to backdoor listing on PSE  GGRasia

GEN Malaysia to review marketing spend after tax hike  GGRasia

MGM leverages Chinese culture in new tourist drawcards  GGRasia

Social Media

MTCH AAPL  Tinder Co-Founder: Siri Might Become a Matchmaker Soon  WebProNews

TCEHY  Shenzhen police add facial recognition to WeChat services  TechNode

GOOGL  Many YouTube users say they encounter false or ‘troubling’ videos, study finds – CNET  Cnet

TWTR  Howard Stern’s ex-staffer says he books guests via Twitter  NY Post

GOOGL  Survey: 51 percent of YouTube viewers are really there for the how-to videos  Boy Genius Report

SNAP  With plenty of bad news, Snapchat has an early lead in wooing AR developers  Digiday

Dutch Police Bust Encrypted Chat Service, Gain Access to Over 258,000 Messages  Gizmodo

FB SNAP  Children have social media profiles at just nine years old, says Irish study  Irish Independent

Douyin now has 400 million monthly active users in China  TikTok  TechNode

Linger  GOOGL  Eric Schmidt takes the blame for Google’s social networking failures: ‘I suspect we didn’t fully understand how to do it’ (GOOG, GOOGL)  Business Insider

FaceBook

Facebook Portal: Will the video chat device spy on you? – CNET  Cnet

Lindsay Lohan’s reps hit up Facebook for endorsements with ‘substantial budgets’  NY Post

Travel Hotel

BA  Boeing to report lower 737 deliveries amid supplier delays: executive  Reuters

CCL RCL  Russia’s first cruise liner will be ready for tests in 2019 — manufacturer  “The keel of the project PV300 cruise ship with the capacity of 300 passengers was laid down at the Lotus Shipyard in August 2016”  TASS

Used private jets from China are landing with U.S. buyers  Reuters

BDRBF  Bombardier to sell Q400 Turboprop aircraft program to Viking Air: source  Reuters

INDA  Several flights delayed after strike by Air India ground staff at Mumbai airport  Hindustan Times

Terrified passengers plunge 500ft in 18 seconds when Flybe plane’s autopilot was accidentally turned  Daily Mail

Opinion  Travel Trends Index: “Perfect Storm” Threatens US Domestic And Inbound Travel  Zero Hedge

Auto

TSLA  New Tesla Model 3 with different plug spotted ahead of European launch  Electrek

Lyft won’t give cops name of driver accused of masturbating during ride with teen  NY Post

TSLA  Tesla names Telstra exec Robyn Denholm as chair  Reuters

MZDAY  Mazda to recall 640,000 vehicles globally over diesel engine issue  Reuters

UAE Issues Over 600 Licences for Social Media Influencers  Al Bawaba

MZDAY  Mazda to keep prioritising driving performance over fuel economy – CEO  Reuters

Renault plants to build new vans for Nissan, Mitsubishi  Reuters

Opinion  “Strong market” for Brazilian automakers, but much will depend on Argentina  MercoPress

Retail

WMT  Walmart will offer Black Friday deals earlier this year  Reuters

SBUX  Starbucks partners with UberEats in Japan  Reuters

Report: The number of people who are fine with paying app subscriptions is growing  Boy Genius Report

SBUX  Coffee is so good for you that it might curb your risk of Alzheimer’s and Parkinson’s  Boy Genius Report

ADDYY  ‘Online is the most important store’: Adidas switches up e-commerce strategy  Digiday

SBUX  Starbucks to speed up digital services roll out, CEO says during visit to Japan  Japan Times

Opinion  AMZN  Signpost’s cashierless kiosk in Tokyo signals a real challenge to Amazon in ‘smart store’ sector  Japan Times

Apple

Apple investigating issue causing ‘steep consumption declines’ in Podcast reporting  9to5Mac

Apple reveals first Thailand store ahead of opening on Saturday  AppleInsider

Honor Magic 2 sold out in China the same day it went on sale  GizmoChina

Android Will Soon Let You Update Its Apps While You’re Still Using Them  Gizmodo

ASX IMOS  High Screen-to-Body Ratio to Become Mainstream, Penetration Rate of Smartphones Based on COF Packaging Would Reach 35% in 2019  “…the stronger demand for COF package has resulted in a tight supply of tape, a necessary material for this packaging technology”  Witsview

Energy Commodities

USO  U.S. Iran envoy aims to end Iran oil exports without price spike  Reuters

U.S. to review antidumping duties on Argentine biodiesel -Argentina  Reuters

Russia Looks to Hydrogen as Way to Make Gas Greener for Europe  Moscow Times

BHP  BHP to meet iron ore commitments despite train derailment-CEO  Reuters

BHP  BHP acquires two Canadian oil licences  Creamer’s

BHP  BHP execs call for openness and alliances to prevent trade rift damage  Creamer’s

Chinese-owned pork producer to get money from bailout program spurred by China’s tariffs  “U.S. pork producer Smithfield, which is owned by the Chinese conglomerate WH Group, will sell 144,000 pounds of ham products to the federal government under the contract.”  Washington Post

Poland’s PGNiG signs long-term LNG deal with Cheniere  Reuters

URA  China likely to more than triple nuclear power capacity by 2030 – official  Reuters

Metals

AA FCX  Copper, aluminium hold steady ahead of Fed statement  Reuters

ALB SQM LTHM  Albemarle profit rise beats forecasts on lithium price hikes  “Albemarle Corp, the world’s largest lithium producer, on Wednesday posted quarterly profit that rose more than expected due in part to price hikes, though unexpected production problems cut its output of the white metal.”  Reuters

Gold dips to 1-week low; investors await Fed rate call  Reuters

Perkoa to make up for lower output from Caribou  Creamer’s

Europe

EU Says Risks Are Mounting in an Economy Already Under Pressure  ” Lowers 2019 euro-area GDP prediction to 1.9% from 2%”  Bloomberg

EIRL  Cocaine and ‘party’ drug use soaring again as improving economy sends wealth rising  Irish Independent

Royal Bank of Scotland Report on Jobs  “Sharp growth in permanent placements continues despite slowing in October”  IHS Markit

EWU  The KPMG and REC UK Report on Jobs  “Candidate shortages drive up starting salaries and temp “  IHS Markit

EWI  Luxury group to test demand for high-yield Italian debt  Reuters

EWI  Italy coalition deal would collapse if no agreement on statute of limitations: Di Maio  Reuters

GREK  Greek August unemployment drops to 18.9 pct, lowest since Aug. 2011  “Among younger persons aged 15 to 24, the jobless rate fell to 36.8 percent from 40.4 percent in the same month in 2017.”  Reuters

Eurozone economy seen slowing through to 2020  “The EU’s executive Commission said Thursday that eurozone growth this year is expected to moderate to 2.1 percent from last year’s decade-high rate of 2.4 percent. It then expects a further easing to 1.9 percent in 2019 and 1.7 percent in 2020.”  AP

EWI  Italy’s coalition reaches deal over statute of limitations: lawmaker  “Italy’s ruling parties on Thursday reached a deal over removing time limits on trials, an issue which had threatened to unravel the coalition government.”  Reuters

Opinion  Europe’s Economic Demise Is A Global Warning: “Tightening Conditions Are Already Causing Disruptions”  Zero Hedge

Politics  EWU  Prince Charles: I won’t be a meddling monarch  Sky News

Linger  EWU  Blair calls for a second Brexit referendum: the great nations of Europe must stick together  MercoPress

China

China’s exports higher than expected as shippers rush to beat next round of trade war  “Exports rose 15.6 per cent last month compared to a year earlier, according to data released by the General Administration of Customs on Thursday.”  South China Morning Post

China October exports surprisingly strong in race to beat higher U.S. tariffs  Reuters

China’s Sinopec signs purchase agreements worth $45.6 billion at Shanghai Expo  Reuters

DANOY LSE: RB.  Study looks at rate of Bacillus cereus in infant formula in China  Food Safety News

China’s exports and imports both grow more than expected in October  “China’s overall trade surplus was $34.01 billion for October, lower than the $35 billion economists had expected.”  CNBC

Opinion  China fears the trade war is the one thing Democrats will back Trump on  Quartz

Linger  Chinese e-commerce giants to import $250 billion worth of international goods  TechNode

North Korea

Trump hopes to meet North Korean leader next year  AFP

EWY  Seoul earmarks more than US$260 million for rail, roads in North Korea  Channel NewsAsia

Asia

EWC  Canada joins effort to counter China with Asian warship drills  “Built to hunt Russian submarines, Canadian frigate HMCS Calgary is instead chasing Japanese and U.S. subs in western Pacific drills as Canada joins other maritime nations in seeking to contain Chinese influence in the Indo Pacific”  Reuters

EWT  Taiwan navy adds two new warships as China tensions grow  Channel NewsAsia

INDA  Falling fuel prices add to India’s festive cheer  Quartz

EWJ  Nikkei Asia Sector PMI™  “Pharmaceuticals & Biotechnology output growth accelerates in October”  IHS Markit

EPHE  Philippine growth slowest in 3 years as inflation hits spending  “Achieving 2018 goal now ‘challenging,’ Duterte’s economic planner says”  Nikkei

EWJ  Japan manufacturers’ mood sours amid trade war fears  ” Japanese manufacturers’ business confidence worsened in November and was expected to deteriorate further”  Reuters

EWY  S. Korea’s stock loans dip amid shrunken investor sentiment  Korean Herald

EWT  Taiwan October export value third highest-ever  Digitimes

Politics  Cambodia’s Hun Sen defends promotion of his sons to top posts  Reuters

International

EWW  Majority of US-Bound Migrants Refuse Asylum in Mexico – Authorities  Sputnik

EWZ  Brazil’s Bolsonaro faces first fiscal setback as judges’ pay rises  Reuters

EWA  To counter China, Australia plans $1.5 bln Pacific infrastructure fund  Reuters

EWT  China to give $150 million in aid to El Salvador as relationship deepens  Reuters

EWZ  Brazil future Justice minister Moro pledges to fight organized crime and corruption  MercoPress

ARGT  Fitch lowers prospects for Argentine sovereign debt to negative  MercoPress

‘Help, We Need a Boss Here’: Workers’ Anguish as Firms Leave Venezuela  Wall Street Journal

Russia Ukraine

State Dept Says New Possible Set of Sanctions Against Russia Will ‘Take Time’  Sputnik

Russia Is Surprise Beneficiary of Iran Oil Ban  Wall Street Journal

Russian Policewoman Accuses Boss of Sexual Harassment  Moscow Times

Opinion  There’s No Escape for Russian Billionaires  “In the current political climate, the West won’t be as welcoming of Russian oligarchs’ money, and their ways, as it once was. “  Moscow Times

Middle East

KSA  Tiger Woods turns down largest ever overseas pay cheque to play in Saudi Arabia  $3.275 million  The Telegraph

At least 13 killed in Tajik prison riot: sources  Reuters

Pakistani Christian woman freed after blasphemy death sentence reversed  Reuters

EIS  Report: Abbas agrees to terms of Gaza ceasefire with Israel  Jerusalem Post

Over 65 ISIS Militants Killed in Two Months in Syria  Al Bawaba

Africa

Yemen president appoints new minister of defence, chief of staff  Reuters

Dozens killed in head-on bus crash in Zimbabwe  “At least 47 people were killed when two buses collided head-on in northeastern Zimbabwe”  South China Morning Post

Medical Marijuana

APHA  Aphria to acquire CC Pharma, strengthening foothold in German medical cannabis market  Press Release

Marijuana attractions could bring tourism to Michigan  USA Today

Michigan’s Governor-Elect May Pardon Those With Marijuana-Related Convictions  High Times

Economics

Securities lending boom sparks concerns on returns and voting  Reuters

Japanese investors buying in U.S. bonds hits two-year high in September: MOF data  Reuters

CBO: Monthly Budget Review: Summary for Fiscal Year 2018  Calculated Risk

Politics

Furious Pelosi turns on Trump for firing Sessions in ‘blatant move’ to undermine Mueller  Daily Mail

Schumer: Trump is ‘delusional’ for claiming midterm wins  Politico

Newly empowered Dems take aim at Trump business conflicts  Boston

Collins: Mueller ‘must be allowed’ to continue Russia probe  Collins, a member of the Senate Intelligence Committee, also said that Mueller “must be allowed to complete his work without interference” regardless of who is the attorney general.  The Hill

White House’s move to pull Acosta’s press pass was based on ‘fraudulent accusations’  The Hill

Sanders warns Trump: Interfering with Mueller probe an ‘impeachable offense’  The Hill

Activists threatened mass protests if Rod Rosenstein is removed from the Mueller investigation  Quartz

‘It is imperative’ that Mueller probe continue unimpeded, says Mitt Romney  Marketwatch

White House yanks press pass from CNN’s Acosta  The Hill

Activists call for nationwide protests to protect Mueller investigation  Reuters

Opinion  Napolitano: Trump’s firing of Sessions looks ‘nefarious’  The Hill

Linger  Trump to sign executive order revamping policy on asylum seekers: report  The Hill

Fact

Meg Ryan steps out with ring on THAT finger amid reports she’s ‘tied-the-knot’ with John Mellencamp  Daily Mail

‘At least 30 shots fired’ and multiple people injured in attack at California bar  Irish Independent

Opinion

This is the time to diversify across global markets: Mark Mobius  Economic Times of India

Blippar CEO: AR Will Be as Ubiquitous as the Internet  WebProNews

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