Early Global News: Wednesday January 9th, 2019

Early Global News

Wednesday January 9th, 2019

Macro

Wednesday: FOMC Minutes  Calculated Risk

Companies

BABA  Alibaba buys German data analysis start-up  Reuters

WAFD  Washington Federal Expands in Idaho Acquiring Bodybuilding.com Property  Press Release

NEO  NeoGenomics Set to Join S&P SmallCap 600  Press Release

ROL  Rollins, Inc. Agrees To Acquire Clark Pest Control  Press Release

IBM  IBM isn’t retreating from using Watson in health care, CEO Rometty says  Stat

APO  Rackspace now Australian government certified  ZDNet

CTXS  More details emerge on Citrix’s plans for Microsoft’s Windows Virtual Desktop  ZDNet

Costa Rican authorities raid offices of Telefonica units for alleged tax fraud  tef  Reuters

AMZN  Data breach at Amazon India accidentally exposes business reports of vendors  “Some sellers on Amazon India said they received incorrect data while downloading merchant tax reports this month from Amazon’s portal, which also contained business data of other sellers on the platform.”  CNBC

SNE  Sony to reconsider China production if tariffs rise  “Executive signals alarm over US trade war at CES 2019”  Nikkei

ACN  Accenture to Acquire Orbium, a Business and Technology Consultancy to the Financial Services Industry  Press Release

Linger  DWDP BAYRY  China’s approval of DowDuPont soy poses challenge to Bayer  Reuters

Stake Changes

NYMT  New York Mortgage Trust Announces Pricing of Upsized Public Offering of Common Stock  “… today that it priced an upsized underwritten public offering of 12,600,000 shares of its common stock at a public offering price of $5.96 per share.”  Press Release

XTF BX  Exeter Finance files IPO to transform into holding company  Marketwatch

Earnings Finance

LUB  Luby’s calls hedge fund’s nominees unqualified as contest heats up  Reuters

HLF  Herbalife Nutrition Announces Michael O. Johnson Will Reassume The Role of Chief Executive Officer On An Interim Basis Following The Departure of CEO Richard Goudis  Press Release

AVA  Hydro One and Avista receive decision on reconsideration petition in Washington  Press Release

RBC  Regal Beloit Corporation Closes Sale of Engineered Drives and Control Systems Business  Press Release

URI  United Rentals Announces Leadership Succession Plan  Press Release

CLIR  ClearSign and Anthony DiGiandomenico Reach Agreement to Refresh ClearSign’s Board and Ensure Smooth Management Transition  Press Release

AUO  AUO sales down almost 10% in 2018  Digitimes

HUD  Hudson Group Announces Appointment of Roger Fordyce as Chief Executive Officer and Notice of Proposed Shareholder Written Resolution  Press Release

Pharmaceuticals Healthcare

CBMG  Cellular Biomedicine Group Initiates Patient Recruitment for Clinical Trial in B Cell Maturation Antigen (Anti-BCMA) Chimeric Antigen Receptor T-Cell (CAR-T) Therapy Targeting Multiple Myeloma (MM)  Press Release

URGN  Urogen reports positive Phase III urinary tract cancer drug results  Globes

Healthgrades acquires Birmingham firm to expand footprint  Vestar Capital Partners  Business Journals

MNOV  MediciNova Announces Initiation of Enrollment in a Clinical Trial of MN-166 (ibudilast) in Glioblastoma  Press Release

INSY  INSYS Therapeutics Announces Results of Dose-Finding PK Study for Epinephrine Nasal Spray for Treatment of Anaphylaxis  Press Release

Linger  Botox May Help Prevent Migraines  “The analysis is in Plastic and Reconstructive Surgery.”  NY Times

Blockchain Bitcoin

Crypto exchange gets license to operate in Thailand  Tech in Asia

Bitcoin mining rig maker Canaan Creative ponders US IPO  TechNode

Pakistan Telenor Subsidiary Launches Remittance Service Using Alipay’s Blockchain Tech  Coin Telegraph

Drones Robots

Israel Aerospace, Santos Lab partner on drones for agriculture  Reuters

DJI built a drone remote with an HD display  Engadget

Casinos Gambling

MGM Resorts hires former Nevada governor for Japan push  GGRasia

Guangdong Group expands VIP service to Naga 2  GGRAsia

Social Media

TWTR  Twitter will begin a public test of new features in the coming weeks  The Verge

Social media influencers are the latest obsession among India’s marketeers  Quartz

TCEHY  WeChat to get voice assistant  Tech in Asia

MSFT  LinkedIn now requires phone number verification for all users in China  TechCrunch

FaceBook

Facebook applies for X-ray permits as it builds out ‘Origins’  “Facebook has filed at least 133 patents mentioning “X-ray” with the U.S. Patent and Trademark Office.”  Business Journals

Facebook and PayPal pull pages of far right British activist filmed intimidating public figures  TechCrunch

UPDATE 1-Vietnam says Facebook violated controversial cybersecurity law  Reuters

WhatsApp to Launch Fingerprint Authentication  Al Bawaba

School hires lawyers to threaten mother who criticised them on Facebook  Daily Mail

Oculus Rift can stream live VR to Facebook  Engadget

Facebook is the new crapware  TechCrunch

Travel Hotel

Trams at Detroit Metro Airport out of service until April  USA Today

Banks propose $900 million turnaround plan for Jet Airways  India  Livemint

TSA officer in California says shutdown has ‘adversely impacted security operations’: report  The Hill

LTM  LATAM Airlines Group reports preliminary monthly statistics for December 2018  Press Release

Auto

FCAU  Fiat Chrysler nearing U.S. diesel emissions settlement – source  Reuters

India  Demand stability key for auto stock valuations to improve  “The BSE Auto index has underperformed Sensex since July 2017 as sluggish auto sales, including during the festive season, impacted investor sentiments”  Livemint

GM  GM did not heed call to keep Oshawa, Ontario plant open -union boss  Reuters

TSLA  Tesla sued for passenger death due to defective battery  Reuters

Philippines’ regulator rejects Indonesia’s Go-Jek’s application for Manila ride-hailing service  Reuters

HYMTF  Hyundai unveils world’s first holographic AR navigation system  Korean Herald

Domestic car sales in Brazilian domestic market in line with expectations  MercoPress

A New Stimulus Can’t Keep Chinese Auto Stocks At Top Speed  “Any rerun of past efforts to rev up China’s car market will only provide diminishing returns”  WSJ

TSLA  Tesla warns ‘self-driving package’ buyers that activation is ‘very far away’ due to regulations  Electrek

Retail

WMT  Walmex says same-store sales rise 4.7 pct in December  Reuters

KR  Kroger plans $1.2 billion debt offering  Reuters

U.S. retail imports level off after China tariff avoidance rush  “Imports at major U.S. container ports are leveling off after retailers’ months-long rush to bring in Chinese merchandise before higher tariffs hit, according to a retail trade report issued on Tuesday.”  Reuters

India  Ola in talks to invest in Myra Medicines, may even buy it  “Driven by their common investor Matrix Partners, the Ola-Myra deal is expected to close by the end of this month”  Livemint

Bangladesh police use tear gas, water cannons on protesting garment workers  Reuters

Mothercare UK sales dive 11% as stores close  Sky News

BABA JD  Chinese Retail Apocalypse, Now?  “Panicky sentiment is being amplified by misleading numbers”  WSJ

Apple

Apple’s Annual Shareholders Meeting to Take Place on March 1 at Apple Park, Pre-Registration Required  MacRumors

Apple cuts iPhone XS/XR production by another 10 percent, Nikkei claims  “New year opens on gloomy note after company’s recent shock downgrade”  Nikkei

FB  Apple recruits prominent Facebook critic for privacy team  Financial Times

Apple considers use of LED-based light tubes for glowing Apple Watch bands  “Apple Watch owners may be able to customize their wearable devices in an unusual way in the future, with Apple considering creating bands with built-in lighting effects that allow them to glow in the dark and other low-light situations. “  AppleInsider

QCOM  Qualcomm says Apple CEO’s comment ‘misleading’  Reuters

FB SSNLF  No, Samsung isn’t pre-installing Facebook on your phone  The Next Web

Fact  Infographic: 73% of Millennials Use Their Phones to Shop Online  Adweek

Energy Commodities

HSE.TO  Canada’s Husky Energy considering sale of non-core downstream assets  Reuters

MOS POT AGU  Fertilizer producers find some respite as gas prices decline  Livemint

MOS  Mosaic Enters into Memorandum of Understanding with Sinochem  “As part of the MOU, Sinochem intends to purchase phosphate rock and phosphate fertilizers, including premium products, from Mosaic.”  Press Release

China’s State Grid to invest $5.7 billion into pumped hydro storage plants  Reuters

USO  Oil rises by over 1 percent on U.S., China trade talk optimism  Reuters

USO KSA  Saudi Arabia to announce slight rise in oil, gas reserves after audit -source  Reuters

EWW  UPDATE 2-Mexico holds firm in fuel theft fight, panic buying hits capital  Reuters

KOL  SouthGobi requested to conduct forensic investigation into ‘suspicious’ transactions by former executives  Mining Weekly

UNG  Natural gas is now getting in the way; US carbon emissions increase by 3.4%  Ars Technica

CVX OXY  Chevron, Occidental invest in CO2 removal technology  Reuters

Opinion  USO  Saudi Firm Predicts Oil Price to Hit $70 by Summer  Al Bawaba

Metals

Base metals rise on China consumption boost, trade optimism  Reuters

PAAS  Pan American Silver Receives Shareholder Approval for the Acquisition of Tahoe  Press Release

CMP  Compass Minerals Provides Fourth-Quarter Snow Data and Goderich Mine Update  Press Release

X  EU expected to clear steel import curb after Trump tariffs  Reuters

NSSMY EWY  Japan demands talks over Korean court’s Nippon Steel decision  Reuters

EIDO  UPDATE 1-Indonesia forecasts drop in Grasberg copper concentrate exports in 2019  Reuters

Deep in a Panama rainforest, First Quantum bondholders spy prize  Bloomberg

First Cobalt starts permitting and environmental programmes at Iron Creek  Creamer’s

Europe

EWQ  France Moves To Ban All Protests As PM Announces Major Crackdown On Yellow Vests  Zero Hedge

EWG  Weak German imports widen trade surplus in November  “The Federal Statistics Office said seasonally adjusted imports dropped by 1.6 percent on the month while exports edged down 0.4 percent. That meant the trade surplus widened to 19.0 billion euros from a revised 17.9 billion euros.”  Reuters

EWU  Candidate shortages push starting salary inflation to 53- month record  iHS Markit

EWU  November 2018 – Euro area unemployment at 7.9% – EU28 at 6.7%  European Commission

Politics  EWI  Far-right policies see Italy’s democracy ranking plummet  AFP

Politics  Italy’s Salvini visits Poland to discuss eurosceptic alliance for EU elections  Reuters

China

Chinese state media says any U.S.-China trade agreement must involve ‘give and take’  Reuters

Wealthy Chinese spur booming $78bn health insurance industry  Financial Times

U.S.-China trade talks conclude as hopes of a deal build  “Beijing will be releasing a statement soon on the negotiations, Chinese foreign ministry spokesman Lu Kang said, adding that a one-day extension shows both sides are serious about the talks. Some disagreements remain on structural issues and they need to be addressed when more senior negotiators meet later on”  Reuters

China bans discharge from open-loop scrubbers in coastal waters: official  Reuters

New law will give authorities two years to prosecute anyone in Hong Kong who insults Chinese national anthem, and doing so could land you in jail for three  South China Morning Post

China’s 2019 gross domestic product forecast cut to 6.2 per cent by World Bank under ‘Darkening Skies’  South China Morning Post

China trade war starts to hit US ports as front-loading wears off  “Ports handled 1.81 million twenty-foot equivalent units in November, down 11.4 per cent from a record of 2.04 million in October”  South China Morning Post

Why China is determined to connect Southeast Asia by rail  “Planned 3,000-km rail network raises debt, sovereignty concerns”  Nikkkei

Politics  Donald Trump will have final say in Huawei CFO Meng Wanzhou’s case, says former US federal prosecutor  South China Morning Post

Asia

India  Private capital fundraising slowed to $757 billion in 2018: Report  “Infrastructure-focused funds hit an all time high in 2018, raising $85 billion, as against the $75 billion in 2017”  Livemint

India  Matrix Partners raises $300 million fund, eyes startups in emerging sectors  “Matrix Partners will continue to stay bullish on ventures in the consumer internet space, while being more selective in sectors such as fintech, says founder Avnish Bajaj”  Livemint

EWY  Korea’s jobless rate rises in December  “The unemployment rate stood at 3.4 percent last month, up 0.1 percentage point from a year earlier, according to the data compiled by Statistics Korea.”  Korean Herald

EWJ  Wages in Japan increased to 304414 JPY/Month in October from 302743 JPY/Month in September of 2018. Wages in Japan averaged 321934.79 JPY/Month from 1970 until 2018, reaching an all time high of 883791 JPY/Month in December of 1997 and a record low of 52914 JPY/Month in February of 1970.  Trading Economics

THD  Thailand welcomes EU decision to lift warning on illegal fishing  Reuters

EWT  Taiwan shares close up 1.83%  Focus Taiwan

India will overtake the US economy by 2030  Quartz

EWT  Taiwan’s prepares for ‘possible Chinese invasion’  Economic Times of India

December PMI shows inflation pressures ease at Asia manufacturers  “Export slump proves more intractable, dragging down business confidence”  Nikkei

Four men claiming to be from North Korea rescued in western Japan  Japan Times

INDA  Sensex, Nifty end on a high note for 4th day  Economic Times of India

International

Venezuela names ex-spy chief as head of new presidential security unit  Reuters

EWW  Mexico woos investors with IPO tax rate cut  Financial Times

EWA  Australian police investigate suspicious packages sent to diplomatic missions  Reuters

Venezuela tortured military personnel accused of subversion: rights groups  Reuters

Diplomat warns US against military scenario in Venezuela  Russia  TASS

Russia Ukraine

Russia and WADA reach understanding about lab data – Kremlin  Reuters

Russia ready for talks with U.S. on INF arms treaty: Tass  Reuters

Bitter Cold Brings 13 Deaths to Single Russian Region  Moscow Times

Middle East

Israeli ex-minister pleads guilty to spying for Iran  Reuters

KSA  Exclusive: Saudi private jet industry stalls after corruption crackdown  Reuters

Africa

Congo braces for election results after commission meets overnight  Reuters

EWJ  Japan edges in on Belt and Road with $643m for Angolan port  “Trading house Toyota Tsusho and export credit agency JBIC team up on project”  Nikkei

Isis Terror

Taliban Call Off Peace Talks with U.S. in Qatar  Al Bawaba

Hamas renews funding for incendiary kite units ahead of expected escalation  Times of Israel

Medical Marijuana

“Imminent Collapse”: Oregon’s Pot Glut Drives Prices Even Lower  Zero Hedge

APHA  Aphria completes first shipment of medical cannabis to Shoppers Drug Mart  Press Release

Economics

Lawler: Some Early Realtor/MLS Based Reports on Home Sales and Active Listings for December  Calculated Risk

Hedge funds suffer worst year since 2011  Financial Times

Fitch sends U.S. triple-A rating warning  Reuters

Politics

Trump Makes His Case for a Border Wall as Shutdown Drags On  “President, in address, pitches funding of a barrier on the border to end the impasse”  WSJ

Trump administration promises to pay food stamp benefits through February despite shutdown but says program lacks funds for March  Washington Post

Bill would require NYC developers to disclose relationships with politicians  NY Post

Trump to meet with Senate Republicans on Wednesday amid shutdown fight: reports  Reuters

USDA: Food stamps will be funded through February  Boston

John Kasich issued a fiery response to Trump’s Oval Office address that mostly criticized the president’s leadership  Business Insider

Trump reportedly didn’t even want to give his primetime address on border security and thought it was pointless  Business Insider

Opinion

DoubleLine’s Gundlach: High-yield market flashing ‘yellow’ on recession  Reuters

Trump Wants Trade Deal With China to Boost Stocks, Sources Say  ” Advisers said to make case for deal, citing market volatility”  Bloomberg

Fed’s Bullard Warns More Rate Rises Could Lead to a Recession  “The St. Louis Fed president says the central bank is ‘bordering on going too far’”  WSJ

2pm Tuesday  World Bank warns of ‘darkening skies’ for global economy  BBC World News

Linger

More than half of Americans think Trump ‘deserves most of the blame’ for shutdown, new poll says  Business Insider

IBM  IBM faces lawsuit over alleged job cuts  “The presentation filed in December outlines a proposal to “correct seniority mix.” It also purports to detail how IBM could “lift and shift” jobs from its main markets in developed countries to places such as Costa Rica and India”  Livemint

Futurelook

Amateur scientists just found a new planet, and it might even be habitable  Boy Genius Report

Mobileye founders unveil a wearable camera to identify everyone you meet  Times of Israel

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