Business Intelligence Monitor 200505

(Introduction)

[Markets]

•   Global: Global shares fall on U.S.-Sino spat but Wall Street rebounds

※   Pompeo says ‘significant evidence’ virus emerged from lab

※   Dollar, gold rise on new trade tensions

※   Global equity markets fall; oil prices rise

•   한국: 코스피, 2.7% 급락 마감…1,900선 내줘

•   Metals: London copper hits near 2-week low as some producers resume work

•   Grains: Soybeans tumble as U.S.-China spat piles on demand worries

•   DRAM: 단비같은 D램… 가격 3년만에 최대폭 상승

[Indicators]

•   Global Apr. Manufacturing PMI: Global Factory Output Plunges, With Slow Rebound Projected

•   US Mar. Factory Orders: U.S. Factory Orders Plunged in March

•   한국 4월 CPI: 코로나·유가에 4월 물가 0.1% ↑…6개월 만에 최저

※   매경: "사재기 안하니 저물가"…韓銀 금리인하 나서나

•   한국 4월 KB 주택가격동향: 수도권 아파트 전세가율 6년만에 최저

•   India Apr. Power consumption: Lockdown pulls down power consumption by 22.75% to 85.05 BU in April

•   Indonesia Apr. CPI: Indonesia records ‘unusually’ low inflation in Ramadan as COVID-19 hits consumer spending

•   Vietnam Apr. Industrial production: Four-month industrial production hits record low due to COVID-19

•   Vietnam Apr. Balance of Trade: Việt Nam’s exports surge in four months despite pandemic

•   South Africa Apr. Car sales: Down 98.4%, South African Car Sales Show Economy’s Lockdown Pain

•   Hong Kong Q1 GDP: Pandemic and Politics Push Hong Kong’s Economy Into Record Slump

•   Myanmar Q1 FDI: Myanmar economy unlikely to recover this year: MIFER

•   COVID-19: Johns Hopkins University Live Updates

[News]

•   WSJ: Low-Quality Masks Infiltrate U.S. Coronavirus Supply

•   WSJ: Global Deaths from Coronavirus Pass 250,000

•   WSJ: California Is First State to Borrow From Federal Government to Make Unemployment Payments

•   WSJ: Liability Shield Is Next Coronavirus Aid Battle

•   WSJ: U.S. Treasury Expects to Borrow $4.5 Trillion in Fiscal Year as Stimulus Spending Soars

•   WSJ: Coronavirus Sweeps Across Brazil, a Land Ill-Equipped to Fight It

•   WSJ: Small Businesses Were at a Breaking Point. Small Banks Came to the Rescue.

•   WSJ: As Coronavirus Halts Tourism, Hawaii’s Job Losses Mount

•   WSJ: Stimulus Spending Emerges as Friction Point in Congress

•   WSJ: Newsletter: What Does it Mean to ‘Reopen’ the Economy?

•   WSJ: GE Moves to Cut Roughly 13,000 Aviation Workers

•   WSJ: Oil Majors Delay Deals Amid Volatile Crude Prices, Lockdowns

•   WSJ: North Korean Leader Kim Jong Un’s Return Affirms Status Quo in Talks

•   NYT: Hope and Worry Mingle as Countries Relax Coronavirus Lockdowns

•   NYT: China’s Coronavirus Vaccine Drive Empowers a Troubled Industry

•   WP: Government report predicts coronavirus cases will surge to 200,000 a day by June 1

•   WP: Small businesses still afloat grapple with whether to accept stimulus funds

•   WP: Iraq's economy hit by falling oil prices, coronavirus lockdown

•   WP: Italy loosens Europe’s longest coronavirus lockdown

•   FT: Argentina bondholders snub ‘disproportionate’ debt offer

•   FT: Europe prepares to exit lockdown amid business and labour concerns

•   FT: Brazil’s business leaders fret over Bolsonaro

•   FT: US looks to exploit anger over Beijing’s South China Sea ambitions

•   FT: India cracks down on Muslims under cover of coronavirus

•   FT: EU-led coronavirus funding drive nears initial €7.5bn target

•   FT: Spain set on collision course over lockdown plans

•   FT: France and Netherlands call for tougher EU trade conditions

•   FT: Political hero of Italy’s coronavirus crisis takes shine off Salvini

•   FT: China’s new normal may be major export after pandemic

•   FT: Sentiment congeals in a slow simmer

•   FT: More than 100,000 apply for ‘bounce back’ loans

•   FT: How will the UK’s ‘bounce back’ loans work?

•   FT: Iran’s parliament backs move to cut 4 zeros from its currency

•   FT: ‘Too hard to tell’ if US travel ban will be lifted, says Mnuchin

•   FT: South America tensions put future of Mercosur in question

•   FT: A solution to the looming debt crisis in emerging markets

•   FT: Why US mortgage rates should be even lower

•   FT: An absolutely enormous output gap is forming

•   FT: Coronavirus gives Bolivia’s ‘interim’ president chance to extend rule

•   FT: Johnson ‘back to work’ plan puts UK business and unions at odds

•   FT: Johnson faces big hurdles in coaxing UK back to work

•   FT: China’s new normal may be major export after pandemic

•   FT: Russia: Pandemic tests Putin’s grip on power

•   Bloomberg: Goldman, Morgan Stanley See Signs World Economy Is Bottoming Out

•   Bloomberg: Trump Official Warns China of Populist Backlash Over Repression

•   Bloomberg: Scientists Create Antibody That Defeats Coronavirus in Lab

•   Bloomberg: Violence Mars India’s First Day Out of Tight Virus Lockdown

•   Bloomberg: Jokowi’s Make-or-Break Moment Maps Future for Asia’s Next Star

•   Bloomberg: Recovery Tracker: A Real-Time Look at the Post-Covid U.S. Economy

•   Bloomberg: Coal Loses Backing From Another Big Bank

•   Bloomberg: Nuclear Is Getting Hammered by Green Power and the Pandemic

•   Bloomberg: Dirt-Cheap U.S. Mortgages Thwarted by $5 Billion in Margin Calls

•   Bloomberg: The Pandemic Has Made Industrial Policy Palatable Even to Republicans

•   Bloomberg: Trump Presses to Reopen U.S. With Risk of Promising Too Much

•   Bloomberg: Mexicans Prepare for Worst by Sending Home Record Cash

•   Bloomberg: Employment Destruction on Pace to Blow Away Records in Canada

•   Bloomberg: China Trade Deal Turns From Key Trump Asset to an Albatross

•   Bloomberg: Fed’s Barkin Warns Virus Could Have Lasting Productivity Impact

•   Bloomberg: OPEC Middle East Oil Flows Surged in April as Saudis Opened Taps

•   Bloomberg: Easing of Lockdown Not Enough to Boost India Loans, Axis Says

•   Bloomberg: India Pledges Easy Access to Land for Factories Leaving China

•   Reuters: New projection puts U.S. COVID-19 deaths at nearly 135,000 by August

•   Reuters: Exclusive: Internal Chinese report warns Beijing faces Tiananmen-like global backlash over virus

•   Reuters: Erdogan begins to ease Turkey's coronavirus restrictions

•   Reuters: WHO says Pompeo remarks on virus origin 'speculative', seeks data

•   Reuters: Germany to reopen all shops, allow soccer matches: sources

•   Reuters: U.S. coronavirus tariff exemptions sought for robots, drones, elevators

•   Reuters: Discounts may help cure U.S. auto market's coronavirus hangover

•   Reuters: India's fuel demand shows signs of recovery, improves in April H2

•   Reuters: Trump administration pushing to rip global supply chains from China: officials

•   CNN: The Fed's experiment with junk bonds is about to begin

•   CNN: Some retailers too broke to go bankrupt

•   CNBC: Trump says China made a 'mistake' and tried to cover up coronavirus outbreak

•   CNBC: Saudi Arabia hit with Moody’s downgrade, prepares for ‘painful’ measures — but can likely weather the storm

•   CNBC: HSBC expects a 'jagged U-shaped recovery' and backs these currencies to thrive

•   CNBC: The way out of the recession depends on the level of consumer fear, economists say

•   CNBC: California Gov. Gavin Newsom says some businesses will reopen Friday, with conditions

•   CNBC: German court to rule on ECB quantitative easing program

•   CNBC: Coronavirus: UAE stem cell treatment sees 'favorable' outcome

•   CNBC: Coronavirus drug approvals but doubts remain on manufacturing vaccine

•   CNBC: Coronavirus: Goldman Sachs on 'useful lessons' from China's reopening

•   CNBC: A coronavirus vaccine won't be ready until the end of 2021, professor says

•   CNBC: Mohamed El-Erian warns the Fed’s pledge to support junk bonds could create ‘zombie companies’

•   CNBC: Big Tech's earnings prove it's immune to the coronavirus

•   CNBC: Fujifilm's flu drug favipiravir sent to 43 nations for Covid-19 trials

•   CNBC: Roche CEO: 'Very likely' coronavirus patients develop immunity

•   MarketWatch: Analyst who called the March stock-market low says pullback is just a bull-market pause

•   Fox Business: House Democrats propose $2,000 coronavirus stimulus payment per month

•   Yahoo Finance: Industrial Cobot Market to Reach $12.48 Billion, Globally, by 2026 at 44.8% CAGR: AMR

•   SCMP: China joins interim body to resolve global trade disputes, but US not included

•   SCMP: China-Australia risk relationship with virus blame game, mining magnate warns

•   매경(P1): 산은法 국회 통과하며 변질…정부, 항공사 경영개입 가능

•   매경: 코로나 피해기업 지원때 정치권 입김 불보듯

•   매경(P1): 황금연휴 아웃렛 매출 `반짝` 급증…백화점도 작년보다 10% 늘어

•   매경: 기다렸다는듯…백화점 최고 13%·아웃렛 41% 매출 증가

•   매경(P1): 文대통령 "재난지원금 기부, 형편되는 만큼 참여를"

•   매경: 현대·기아차 美공장 한달반만에 재가동

•   매경: 원유ETN, 만기연장때 툭하면 비용 발생…장기투자엔 부적절

•   한경(P1): 어느새 4540兆…정부·가계·기업 '빚더미'

•   한경: 고용기금 7兆도 '밑빠진 독'…무슨 돈으로 '전국민 고용보험' 하나

•   한경: 무섭게 늘어나는 국가 총부채…올해 5000조 육박할 듯

•   한경: LNG船마저 독주체제 깨졌다…조선업계도 '中의 위협'

•   한경: LCD 집어삼킨 것처럼…대형 OLED도 '中의 공습' 시작됐다

•   조선: "세계 관광업계 올해 1억명 실직… 아시아 최대 타격"

•   조선비즈: 재난지원금 기부 '자발적'이라는데... 기업들은 "부담되네"

•   조선비즈: 한은, 한미 통화스와프 자금 6차 공급…40억달러 입찰 - Chosunbiz > 정책

•   중앙(P1): 4단계 등교 개학, 고3은 13일 유치원은 20일

•   중앙: 삼성 1위→4위 추락···한국이 쏜 5G, 1년만에 中에 추월당했다

•   문화(P1): 재난지원금 사용처 제한 ‘12兆’… 소비진작 한계

•   문화(P1): 기재부 “코로나 경제충격 이제 본격 시작”

•   문화: 지원금 ‘생산적 소비’로 연결안돼… 기업활성화가 근본대책

•   문화: ‘포스트 코로나19 시대’의 19가지 ‘뉴 트렌드’…

•   문화: 삼성전자, 1분기 R&D투자 ‘역대 최대’

•   한겨레(P1): 자동차 부품공장 멈춰선 수출라인 “암보험 해지, 다음엔 적금을 깼다”

•   헤럴드경제: 이색요리·디저트까지 ‘언택트’…외식매장 고객 3분의 2 급감

•   헤럴드경제: [김성미의 딜 시나리오] 기로에 선 두산…밥캣 매각한다면

•   아시아경제(P1): 전셋값보다 낮은 매맷값…목동 아파트도 '이상거래'

•   아시아경제: "위기를 기회로"…식품·유통家, '코로나19' 악재에 오히려 웃었다

•   아시아경제: '토지공개념 개헌' 등판…강남 불패신화 흔들리나

•   아시아경제: [코로나 대변혁] "재택근무, 해보니 되더라… '원(遠)의 시대' 도래할 것"

•   아시아경제: [코로나 대변혁] 재택근무, 장소 변화 넘어 평가 대전환 필요

•   아시아경제: [코로나 대변혁] IT인프라 확충·노동법 개정도 성공 조건

•   뉴스핌: [리포트 브리핑]두산밥캣, '악재는 모두 반영됐다. 호재를 기다리자' 목표가 28,000원 - 신한금융투자

•   뉴스핌: [리포트 브리핑]두산인프라코어, '일단 한번 짧게 잡아보자' BUY(유지) - 신한금융투자

•   뉴스핌: [리포트 브리핑]두산인프라코어, '중국 때문에 2Q 가장 양호할 건기 메이커' 목표가 5,500원 - 하이투자증권

•   뉴스핌: [리포트 브리핑]두산밥캣, '1분기는 Non-Covid 실적, 2분기Covid를 얼마나 방어하느냐가 관건' 목표가 30,000원 - 하이투자증권

•   뉴스핌: [리포트 브리핑]두산밥캣, '1Q20 review_여전히 건설장비 주식 중에는 준치' 목표가 29,500원 - 삼성증권

•   뉴스핌: [리포트 브리핑]두산인프라코어, '1Q20 review_이 정도면 괜찮은 실적' 목표가 5,100원 - 삼성증권

•   뉴스1: 두산重 정상화 방안 이달 중순 확정…밥캣 등 매각 대상 포함되나

•   뉴스토마토: [IB토마토]두산중공업 '클럽모우CC' 매물로…몸값 1400억원 내외 예상

•   KBS: 두산중공업 3조 원 자구안에도…“직원 휴업?”

•   이투데이: 두산건설 논현동 사옥 매각작업 본격화

•   비즈니스포스트: 두산중공업, 신주인수권부사채 조기 상환청구대금 4849억 상환

•   비즈니스포스트: 두산밥캣, 소형 건설장비 경쟁력 바탕으로 하반기에 실적 점진적 회복

•   비즈니스포스트: 두산인프라코어 목표주가 높아져, "중국시장부터 회복세 나타나"

•   글로벌이코노믹: 中, 건설기계업 회복 신호 포착... 두산인프라코어도 ‘덩실’

•   충청투데이: 천안 성성레이크시티 두산위브 분양 연기 배경은

•   Windpower Monthly: GRAPHIC: Oil storage economics examined

•   KHL: US drops Euro projects for border wall

•   Equipment World: Deere to suspend construction equipment production, make more layoffs due to coronavirus impacts

•   Construction Equipment: Covid-19 Could Be Boon for Drone Industry

•   MIT News: How many jobs do robots really replace?

•   Phone Arena: Here's how Huawei plans on beating out Samsung to become number one

•   Phone Arena: Chinese phone manufacturer caught using a backdoor but it's not Huawei or ZTE

•   Phone Arena: New Oppo patent shows smartphone case with a QWERTY keyboard

•   Robot Report: 4 types of robots playing vital roles during COVID-19

•   Nikkei Asian Review: Economic toll mounts as Japan extends state of emergency

•   Nikkei Asian Review: COVID-19 in charts: Japan and Philippines dodge explosions

•   Nikkei Asian Review: Japan's coronavirus testing behind the curve, Abe admits

•   Nikkei Asian Review: Avigan set for approval this month in Japan as coronavirus drug

•   Nikkei Asian Review: Abe extends state of emergency to May 31

•   Economic Times: Banking bad debt could double in coronavirus crisis, delay recovery from the pandemic

•   Economic Times: Eight in 10 Indian companies not currently considering permanent staff layoffs or redundancies: Korn Ferry survey

•   Economic Times: What India should do after the Coronavirus lockdown ends

•   Livemint: India appears well-set to seize opportunities in the Big Reboot

•   Business Standard: Lockdown 3.0: What next for the Indian economy and the stock markets?

•   Business Standard: Economic cost of lockdown is quite severe; market to remain volatile

•   Hindustan Times: India resumes business, but conditions apply

•   Folha de S.Paulo: Moro Gives Deposition in Federal Police Investigation of Bolsonaro

•   Folha de S.Paulo: Bolsonaro Supports Protest against Supreme Court and Congress

•   Moscow Times: Moscow to Reopen Construction Sites This Week

•   Jakarta Post: Bear market not over despite recent gains: Analysts

•   Jakarta Post: Exports of agricultural commodities continue despite logistical disruptions

•   Jakarta Post: Government looks to recovery with $5.3b toll road investment offerings

•   Viet Nam News: Việt Nam among safe economies after COVID-19: Economist

•   Viet Nam News: Retail sales increase sharply during holidays

[Opinions]

•   Project Syndicate(Kenneth Rogoff): The Case for Deeply Negative Interest Rates

•   Project Syndicate(Federico Finchelstein, Jason Stanley): The Fascist Politics of the Pandemic

•   Project Syndicate(Dominique Moisi): The Déjà-Vu Virus?

•   Project Syndicate(Diane Coyle): COVID-19 and the End of Individualism

•   Project Syndicate(William A. Haseltine): Can America Handle a Second Wave?

•   FT(Gideon Rachman): A dangerous US-China blame game will do no good

•   FT(John Thornhill): Algorithmic economics may help Covid-19 recovery

•   FT(Michael Moritz): Business can never go back to the way things were

•   FT(John Padilla): Dysfunctional oil market needs a new model

•   FT(Carlo Cottarelli): The ECB can ease Italian debt worries without risking inflation

•   WSJ(Walter Russell Mead): Boris and Bibi Ride Coronavirus Pandemic Popularity

•   NYT(Ruchir Sharma): The Pandemic Isn’t Changing Everything

•   NYT(Ian Bremmer, Cliff Kupchan, Scott Rosenstein): Coronavirus and the Sweden Myth

•   NYT(Paul Krugman): Trump and His Infallible Advisers

•   WP(Eugene Robinson): We keep waiting for the ‘new normal.’ It might already be here.

•   WP(Greg Sargent): The coronavirus is invading the battleground states

•   WP(Michael Gerson): The moment when Trump’s schtick finally failed

•   WP(Ezzedine C. Fishere): During the covid-19 crisis, the Middle East’s leaders are continuing their march to self-destruction

•   WP(Henry Olsen): Trump’s not the only one blaming China. Americans increasingly are, too.

•   WP(Paul Waldman): What if we haven’t seen the worst of this pandemic yet?

•   Bloomberg(Michael R. Bloomberg, Gina McCarthy): How Trump’s EPA Is Making Covid-19 More Deadly

•   Bloomberg(Mohamed A. El-Erian): Mend the Disconnect Between Wall Street and Main Street

•   Bloomberg(Daniel Moss): There's No Escaping the Slump Even for Virus Stars

•   Bloomberg(Noah Smith): The Best Reason to Protect Workers From Covid-19

•   Bloomberg(Brian Chappatta): Leveraged-Loan Investors Let Companies Take the Wheel

•   Bloomberg(John Authers): Ariana Grande Knows How to Deal With This Crisis

•   Bloomberg(Barry Ritholtz): Why Models Can Never Get Things Quite Right

•   Bloomberg(Clara Ferreira Marques): Coronavirus Has Exposed Putin’s Brittle Regime

•   Bloomberg(Therese Raphael): Boris Johnson’s Coronavirus Response Fails Better

•   Bloomberg(Jonathan Bernstein): If Trump Has a Recovery Plan, It's a Mystery

•   Bloomberg(Bobby Ghosh): How Mohammed bin Salman Hit a Dead End in Washington

•   Bloomberg(Ben Schott): People in India, Japan Are the Most Nervous About Reopening

•   Bloomberg(Peter R. Orszag): Covid-19 Puts Others at the Table With Shareholders

•   Bloomberg(Cathy O'Neil): Let’s Make a Deal With Our Robot Overlords

•   Bloomberg(Timothy Massad): Airlines Got the Sweetest Coronavirus Bailout Around

•   CNN(Lincoln Mitchell): What we don't know about Joe Biden

•   CNN(Kent Sepkowitz): When can a Covid-19 vaccine really be ready?

•   MarketWatch(Mark Hulbert): Don’t count on the Fed’s many emergency measures to rescue the stock market from coronavirus

•   MarketWatch(Peter Morici): A truncated recovery for the economy, but stocks will do better because bigger companies will thrive

•   MarketWatch(Donald F. Kettl): The coronavirus pandemic is fracturing our notion of a truly united states in America

•   MarketWatch(Andrew Duguay): Three forecasts that will shape the economic recovery this year

•   Fox News(Peter Navarro): Protecting electricity grid — Trump orders this to defend economic, national security

•   중앙(강찬수): 세 번째 그린 뉴딜, 탈탄소 전환 계기로 삼아야