Early Global News: Wednesday January 2nd, 2019

Early Global News

Wednesday January 2nd, 2019

Macro

EWG  China’s Xi threatens Taiwan with force but also seeks peaceful ‘reunification’  Reuters

Companies

MU  DRAM Market to See Lower Capital Expenditure and Moderated Bit Output in 2019 Due to Weak Demand, Says TrendForce  “After contract prices of DRAM products turned downward sharply in 4Q18 by 10% QoQ, major DRAM manufacturers have tried to offset fall in prices by slowing down capacity expansion in 2019, as the demand outlook for PCs, servers, smartphones, and other end consumer products remains weak”  

NLSN SCOR  Comscore and Nielsen are racing to become the one true cross-platform measurement provider  Digiday

BRK.A  Global reinsurance prices fall despite big catastrophe losses- JLT Re  Reuters

3231.TW  Wistron expanding investment in India  Digitimes

DMVT HPE  India external storage market grows 23.1% in 3Q18, says IDC  “India’s external storage market witnessed an on-year growth of 23.1% to reach US$81.8 million in third-quarter 2018”  Digitimes

EFX  Equifax Is Back in Washington’s Crosshairs  WSJ

PTLA  U.S. Food and Drug Administration Approves Portola Pharmaceuticals’ Prior Approval Supplement for Andexxa® Generation 2 Manufacturing Process  Press release

Pharmaceuticals Healthcare

Canada’s MedC to Develop Cannabis-Based Cancer Treatment Based on Israeli Technology  CTech

Fact  Chinese Drug Maker Thousand Oaks Biopharmaceuticals Nets $44M In Series A Round  China Money Network

Futurelook  No Need for Stitches, Laser Technology Could Seal and Repair Wounds  LED Inside

Entertainment Games

FIFA studying potential for 2022 World Cup to be expanded to 48 teams – Infantino  Reuters

Hong Kong Box Office Rises by 6% in 2018  Variety

Military Surveillance

BA  Boeing Gets $400M Air Force Bomber Engineering IDIQ  GovConWire

BA  Boeing-Bell JV to Produce Osprey Variants for Navy, Marines Under $367M Contract Modification  GovConWire

RTN  Raytheon Awarded $434M Sidewinder Block II Production Contract Modification  GovConWire

RTN  Raytheon Secures $205M Contract to Support Army Land-Based Phalanx Weapon System  GovConWire

Blockchain Bitcoin

Supply chain conservative about 2019 mining ASIC outlook  Digitimes

Opinion  It’s time to combine blockchain and mobile app development  IT ProPortal

Casinos Gambling

PTEC.L  Playtech to pay 28 million euros after Israeli tax audit  Reuters

Macau revised smoking law in effect as of Jan 1  GGRasia

FaceBook

Facebook’s Rob Goldman: DTC brands aren’t just good direct marketers  Digiday

Instagram is fuelling flood of US tourists trudging UK fields in a bid to find lost artefacts  Daily Mail

Predicting Some Bad News (and Good News) for Facebook in 2019  “Our digital trends report anticipates trouble for Facebook, but not enough to unseat the duopoly”  eMarketer

Travel Hotel

CPCAY  Cathay Pacific to honour $16,000 fares sold for $675  BBC World News

Jet Airways share slump after debt payment failure  AFP

Qatar Airways Announces Its Acquisition Of 5.00% Of China Southern Airlines  Press Release

Auto

HYMTY  Hyundai flags tough 2019 as U.S., China demand stays slow  Reuters

HYMTF  Hyundai Motor to run robo taxi pilot in 2021 in Korea  Korean Herald

Hyundai, Kia target 3% rise in sales in 2019 despite tough US, China  Automotive News

LED automotive lighting makers see opportunities from China new energy car market  Digitimes

Didi launches financial service products amid tightened regulation  TechNode

TCEHY  Tencent Co-Invests $29M In China’s Auto Info Provider Youche Yihou  China Money Network

Apple

LG to reportedly launch its 5G smartphone under new branding  GizmoChina

China top-4 smartphone vendors to maintain lead in home market in 2019  Digitimes

Energy Commodities

Colombia launches first RE auction  Pv magazine

Oil kicks off 2019 with losses on signs of economic slowdown, surging supply  Reuters

Hydrogen power: China backs fuel cell technology  Financial Times

Germany adds another 223.6 MW of PV in November  Pv magazine

TUSK  Mammoth Expands Logistics / Transmission Offering via ARS/Brim Helicopter Acquisition  Press Release

Metals

GLD  Gold hits over 6-month high on falling dollar, equities  Reuters

NSSMY  South Koreans seek Nippon Steel asset seizure in ‘forced labor’ case  Reuters

GLD  Gold hits over 6-month high on falling dollar, equities  Reuters

Highlands gets offer from Cobalt 27  Mining Weekly

Melior and Metallica point fingers as merger falls apart  Creamer’s

Galaxy Resources receives partnership offers for flagship Argentinian project  Reuters

Orion puts initial price tag on Prieska  Creamer’s

Northern Star’s advances rejected by JV partners  Creamer’s

Board of Brazil’s Vale gives CEO Schvartsman another term  Reuters

Zijin Mining plans to sell $1.2bn A-shares to fund Nevsun purchase  “Chinese gold miner Zijin Mining Group Co Ltd said it plans to sell up to 8-billion yuan ($1.16-billion) worth of new shares in Shanghai to help fund its purchase of Canada’s Nevsun Resources Ltd .”  Reuters

Rio one step closer to Oyu Tolgoi power deal  Creamer’s

Europe

EWU  FTSE 100 index suffers near-2% drop on economy fears  Daily Mail

EWU  UK manufacturers report near-survey record increases in stock holdings during December  “… Purchasing Managers’ Index® (PMI®) rose to a six-month high, up from 53.6 in November. The average PMI reading during quarter four of 2018 was the weakest since Q3 2016”  iHS Markit

European shares start 2019 deep in the red  Reuters

France: First deterioration in operating conditions for 27 months  “PMI below 50.0 for the first time since September 2016. Fastest output contraction for 44 months “  IHS Markit

EU’s High Trade Surplus With the U.S. Poses Risk to 2018 Tariff Truce  “Negotiators missed a November deadline on removing non-tariff barriers, and the EU trade surplus is on track for a record high”  WSJ

Six killed in train accident on bridge in Denmark  Reuters

EWU  British factories boosted by Brexit stockpiling  “UK manufacturing sector beats economists’ expectations as companies prepare for departure from EU”  The Guardianeu

Eurozone manufacturing PMI falls to near three-year low in December  “Final Eurozone Manufacturing PMI at 51.4 in December (Flash: 51.4, November Final: 51.8)”  iHS Markit

German manufacturing slowdown continues into December as PMI slips to 33-month low  “…slipped to 51.5 in December, down from 51.8 in November “  iHS Markit

EWQ  France Markit Manufacturing PMI in line with expectations (49.7) in December  FX Street

EWI  Falling new orders contribute to further deterioration in Italian manufacturing performance  “The headline IHS Markit Italy Manufacturing Purchasing Managers’ Index® (PMI®) – a single-figure measure of developments in overall business conditions – posted below the 50.0 no-change mark for the third month running in December. At 49.2, the reading was up from 48.6 in November and signalled a slight monthly decline in the health of the sector.”  iHS Markit

Opinion  EWI  Italy Is Heading for Recession in 2019. Here’s Why  Fortune

Politics  Trump’s ambassador in London questions Mrs. May Brexit deal and leadership  MercoPress

China

China plans 6,800 km of new rail track in 2019 amid infrastructure push  Economic Times of India

China cuts quotas for crude oil imports in first round of allowances for 2019  South China Morning Post

EWT  Unification Is the Goal and Force Is an Option, Xi Jinping Says of Taiwan  NY Times

Asia

The AP blows the lid off decades-long sexual abuse of nuns by Catholic priests in India  Quartz

INDA  India’s central bank throws a lifeline at debt-hit small businesses  Quartz

Official from India’s ruling BJP calls for protests as women enter Hindu temple  Reuters

EWT  Taiwan president defiant after China calls for reunification  Reuters

Myanmar says police attacked as western fighting displaces thousands  Reuters

EIDO  Landslides kill at least 15 in Indonesia after year of disasters  Reuters

EWT  China’s Xi says Taiwan independence would be disaster, calls for peaceful ‘reunification’  Reuters

Two women defy centuries-old ban by entering Indian temple  Channel NewsAsia

Tens of thousands of women form 385-mile human chain in protest over Indian temple’s ban on females  Daily Mail

INDA  Sensex falls steeply, 5 factors hurting stocks  “Sensex plunges 450 pts, Nifty50 tests 10,750; 5 factors behind market’s pain”  Economic Times of India

India’s retaliatory tariffs to hit US exports worth USD 900 mn: Congressional report  Economic Times of India

INDA  Manufacturing activity slows in December, PMI at 53.2  “The Nikkei Manufacturing Purchasing Managers’ Index declined to 53.2 in December from 54 in November”  Economic Times of India

EWT  Taiwan shares fall below 9,600 points on economic concerns  Focus Taiwan

EWT  Taiwan shares close down 1.78%  Focus Taiwan

EWY  47% of self-employed to lay off workers, cut back hiring  Korean Herald

EWY  Korea’s export growth to slow down in Q1  Korean Herald

Russia Ukraine

Russia Unamused by Japan PM’s Islands Transfer Proposal  Moscow Times

WADA ‘Bitterly Disappointed’ at Russia’s Failure to Meet Deadline  Moscow Times

Middle East

TUR  Turkey Tops China As World’s Top Jailer Of Journalists  Zero Hedge

Tourism Revenues in Jordan Surpass $5-Billion in 2018  Al Bawaba

Dubai’s Economy to Thrive with Dh56.8 Billion 2019 Budget  Al Bawaba

China building most advanced naval warships for Pak  Economic Times of India

TUR  Istanbul Chamber of Industry Turkey PMI® Manufacturing Index  iHS Markit

Politics

Congress to reconvene with no end in sight for federal shutdown  Reuters

Mitt Romney: Trump has caused worldwide dismay  BBC World News

Somalia orders top U.N. official to leave  Reuters

Fact

TWTR  Nikki Haley gives up 1.6 million followers to satisfy the State Dept.  Engadget

Humans NOT rats were to blame for spreading the Black Death in 1900  Daily Mail

Opinion

Chimps and BABIES are more logical than adult humans  Daily Mail

Asset Management’s Squeezed Middle Faces a Bleak 2019  “Nervous, cost-conscious investors aren’t making it easy for fund managers to grow profits”  WSJ

Opinion  MAT  Barbie will soon be 60 – and is still going strong  CNA Lifestyle

Futurelook

Watch this battery-powered feeding robot that moves via magnets  Irish Independent

This message is intended only for the personal and confidential use of the designated recipient(s) named above. If you are not the intended recipient of this message you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. This communication is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product, an official confirmation of any transaction, or as an official statement of R.F. Lafferty & Co . The information is sourced from various third parties and RF Lafferty & Co., Inc. RF Lafferty & Co., does not make any claims, promises, guarantees, representations or warranties regarding the accuracy, completeness of the report. Email transmission cannot be guaranteed to be secure or error-free. Therefore, we do not represent that this information is complete or accurate and it should not be relied upon as such. All information is subject to change without notice.


Skip to toolbar