Business Intelligence Monitor 210929

(Introduction)

[Markets]

•   Global: Stocks fall, bond yields jump as rate hikes loom

•   US: Micron Slides After Memory-Chip Maker Delivers Weak Forecast

•   Europe: European Energy Prices Pare Record Gains in Crisis-Led Rally

•   UK: UK fuel crisis sparks drop in sterling over slowdown worries

•   Oil: Brent dips after topping $80 a barrel, highest since Oct 2018

•   Metals: Copper ticks lower on firm dollar, China worries

•   Grains: Corn eases from 4-week top on U.S. harvest pace, stronger dollar

•   한국: 코스피 한달만에 3,100선 아래로…코스닥지수 2.16% 급락(종합)

•   한국: 두산그룹주 엇갈려, 두산 오리콤 3%대 오르고 두산밥캣 2%대 내려

•   한국: 달러당 원화값 1년만에 최저

[Indicators]

•   US Jul. Case–Shiller home price: Home-Price Growth Hit Record in July

•   US Aug. Goods trade balance: U.S. Merchandise-Trade Gap Grows as Consumer-Goods Imports Rise

•   US Sep. Consumer confidence: Consumer Confidence Continues Slide on Covid-19, Inflation Worries

※   September survey shows a pullback in consumers’ intentions to make big-ticket purchases, worries about the short-term economic outlook

•   China Aug. Industrial profits: China’s Industrial Profit Growth Slowed Further in August

•   한국 2020년 사망원인통계: 작년 사망자 역대 최대···'인구 데드크로스' 진입했다

•   한국 10월 BSI 전망치(한경연): 한경연 “기업 체감경기 전망 회복세… 위드코로나 기대감 영향”

[Trackers]

•   Johns Hopkins University: COVID-19 Global Cases & Deaths

•   Worldometer: COVID Live Update

•   Bloomberg: Covid-19 Vaccine Tracker

•   NYT: Covid-19 Vaccine Tracker: Latest Updates

•   NYT: See Coronavirus Restrictions and Mask Mandates for All 50 States

•   FT: Pandemic crisis: Global economic impact tracker

•   CNN: Tracking America's recovery

•   Bloomberg: Global PMI Tracker

•   Bloomberg: The Covid Resilience Ranking

[News]

•   WSJ: Republicans Block Latest Effort by Democrats to Advance Debt-Ceiling Bill

※   McConnell, citing Democrats’ spending plans, objects to Schumer’s effort to allow passage on a simple majority vote

•   WSJ: Janet Yellen Says Treasury Could Exhaust Cash Reserves by Oct. 18 if Debt Limit Isn’t Raised

※   Treasury secretary testifies with Fed Chairman Jerome Powell before lawmakers

•   WSJ: Debt-Ceiling Standoff Distorts Short-Term Treasury Market

•   WSJ: Pfizer’s Covid-19 Vaccine for Kids May Not Be FDA Authorized Before November

※   Many parents and doctors had hoped the Pfizer-BioNTech vaccine would be available for 5- to-11-year olds as early as October

•   WSJ: U.S. and Europeans Parley in Pittsburgh on Tech, Trade and China

•   WSJ: East Asia’s Economies Face Slowing Growth and Rising Inequality, World Bank Warns

※   World Bank: Economic Recovery in East Asia and Pacific Faces Setback

•   WSJ: China Releases Two U.S. Citizens Blocked From Leaving Since 2018

•   WSJ: Hidden Debt Plagues China’s Belt and Road Infrastructure Plan, Studies Find

•   WSJ: Climate-Change Goals Meet Resistance in U.K.’s Former Coal Country

•   WSJ: Evergrande Bondholders Mull Next Steps in Wake of Missed Payment

•   WSJ: OPEC Predicts a Winner in Global Energy Transition: OPEC

•   WSJ: Investors See Natural-Gas Crunch Spilling Into Crude-Oil Market

•   WSJ: Auto Makers Push to Make Solid-State Batteries the Next Big Thing for EVs

•   WSJ: Ford Fortifies EV Bet With Four New Factories in Tennessee and Kentucky

•   WSJ: Big Tech Companies Amass Property Holdings During Covid-19 Pandemic

•   NYT: Side effects from a third vaccine dose are similar to those from the second, a C.D.C. report finds.

※   reassuring sign about the safety of additional doses

•   NYT: China and Evergrande Ascended Together. Now One Is About to Fall.

•   NYT: Britain’s Gas Crisis, Explained

•   WP: Pelosi Plans Infrastructure Vote as Safety Net Bill Remains Mired in Rifts

•   WP: The feared eviction ‘tsunami’ has not yet happened. Experts are conflicted on why.

•   WP: Desalination can make saltwater drinkable — but it won’t solve the U.S. water crisis

•   WP: Some Chinese solar-panel manufacturers have stopped shipping to the U.S. over tariff concerns, installers say

•   FT: Merkel’s natural heir: how Olaf Scholz won Germany’s election

•   FT: EU should stop being ‘naive’ about US strategic interests, says Macron

•   FT: EU unity frays ahead of Pittsburgh meeting

•   FT: Portugal emerges as Europe’s vaccination frontrunner after public health drive

•   FT: Christine Lagarde sets ECB apart in central banks’ shift to tighter policy

•   FT: The sensitive game of sharing intelligence across the Atlantic

•   FT: Sanofi stops development of Covid vaccine based on mRNA technology

•   FT: UK risks French ire with limits on fishing in coastal waters

•   FT: Britain’s energy regulator should have tightened rules sooner, ex-boss says

•   FT: UK gas producer Serica promises ‘significant returns’ thanks to record prices

•   FT: ‘Totally exhausted’: latest Covid wave pushes US nurses to brink

•   FT: US pushes China trade despite ‘complicated relationship’

•   FT: Bolsonaro tests Brazilian democracy: ‘Only God can take me from presidency’

•   FT: Chinese developer Sunac seeks to avoid Evergrande contagion

•   FT: The commodities surge comes for oil

•   FT: Amazon launches home-patrolling robot Astro

•   Bloomberg: Commodity Price Surge Deals Stagflationary Blow to World Economy

※   Rising prices have hit consumer sentiment in U.K. and U.S.

•   Bloomberg: Coal Shortage in China Means Higher Prices for the Whole World

•   Bloomberg: China’s Electricity Curbs Heap More Stress on Global Trade

•   Bloomberg: Goldman Cuts China’s GDP Growth Forecast Amid Energy Constraints

•   Bloomberg: Evergrande Bond Bills Are Piling Up as Latest Coupon Comes Due

※   Developer has $45.2 million in interest due Sept. 29 on note

•   Bloomberg: Evergrande Shock Makes Corporate Bond Traders Focus on Liquidity

•   Bloomberg: Evergrande Crisis Highlights Funding Risks for Other Developers

•   Bloomberg: Wall Street Banks Questioned by Fed About Evergrande Exposure

•   Bloomberg: Hong Kong Asks Banks to Report Evergrande Exposure

•   Bloomberg: Elizabeth Warren Opposes 'Dangerous Man' Jerome Powell for Fed Chair

•   Bloomberg: Will Biden Renominate Powell to Fed? Yellen, Warren Take Opposing Sides

•   Bloomberg: Powell Backs Diversifying Fed Board: ‘We Want Everybody’s Voice’

•   Bloomberg: Democrats Hit Impasse on Biden Agenda, Debt Ceiling Increase

•   Bloomberg: U.K. Brexit Talks With EU Expected to Continue for Several Weeks

•   Bloomberg: EU Trade Chief Says Time Running Out to Fix U.S. Steel Dispute

•   Bloomberg: ECB’s Kazimir Says Boost to Old Tools Not a Must Post Crisis

•   Bloomberg: Johnson Says Fuel Crisis Easing, Urges Britons to Buy Normally

•   Bloomberg: Laschet’s Grip on Merkel Bloc Slips in German Poll Backlash

•   Bloomberg: BOE’s Mann Sees Inflation as ‘Transitory, Not Troubling’ for Now

•   Bloomberg: U.K. Set for Nuclear Funding Law That Would Underpin Sizewell C

•   Bloomberg: Five Big Questions About the U.K. Fuel Crisis, Answered

•   Bloomberg: China’s Xi Calls For More R&D Spending and High-Tech Talent

•   Bloomberg: Bolsonaro, Entering Campaign Mode, Plans to Give More Covid Cash

•   Bloomberg: Argentina Accelerates Money Printing Ahead of November Elections

•   Bloomberg: Debt-Ceiling Mess Could Dent Dollar’s ‘Absolutely Secure’ Status

•   Bloomberg: Siemens, AES-Backed Energy Storage Provider Files for IPO

•   Bloomberg: Environmentalists Urge Biden to Toughen Auto-Emission Proposal

•   Reuters: COVID-19 pill developers aim to top Merck, Pfizer efforts

•   Reuters: Germany's SPD wants to start coalition talks this week

•   Reuters: Under fierce Republican attack, U.S. General Milley defends calls with China

•   Reuters: EXCLUSIVE JPMorgan's Dimon cautions a U.S. default would be 'potentially catastrophic'

•   Reuters: EXCLUSIVE Fed's Bullard: More aggressive Fed stance best to ensure longer expansion

•   Reuters: Renewable energy's share of German power usage falls on lower wind output

•   Reuters: Iran rejects U.S. demand for U.N. inspectors' access to nuclear site

•   Reuters: BOJ policymakers warned of Japan's recovery delay, China risk

•   Reuters: Central bank digital currencies can slash cross border payment time - BIS

•   Reuters: LNG price rally could boost oil demand- Rystad Energy

※   Rystad Energy: LNG price rally spurs oil switch in Asia, boosting oil prices and demand by 400,000 bpd

•   Reuters: Analysis: End of furlough brings uncertainty for UK jobs and economy

•   Reuters: Analysis: Huawei CFO's admissions likely won't help U.S. in case against company

•   CNN: Automakers' problems are much worse than we thought

•   CNBC: German election: Pressure rises on CDU-CSU after its worst vote result

•   CNBC: CEOs worried about corporate tax hikes as Dems push bills aimed at boosting working families

•   CNBC: Biden meets with centrist Sens. Manchin and Sinema with Democrats’ sprawling economic agenda at stake

•   CNBC: 'Enticing' China market trickier for foreign businesses to navigate

•   CNBC: Chinese automaker Geely launches a high-end smartphone business

•   Fox Business: Sanders: No bipartisan infrastructure deal unless $3.5T spending bill passes first

•   SCMP: China power crisis: thermal coal inventory nears record low as country suffers worst outages in a decade

•   SCMP: What has caused China’s electricity shortages, and is Beijing’s carbon-neutral goal solely to blame?

•   SCMP: China power crisis hammers SMEs as firms upend production, workers ‘dozing off’

•   SCMP: China’s US trade-deal purchases remain more than 30 per cent short of target, PIIE report says

•   SCMP: China-US relations: Xi Jinping raised Meng Wanzhou case in talks with Joe Biden

•   SCMP: EU defends plan to expand Taiwan relations ‘without recognition of statehood’

•   SCMP: China’s Covid-hit tourism market saved from Mid-Autumn Festival doldrums by short trips and local travel

•   Global Times: China's success in achieving moderate prosperity opens new path to modernization for humanity: white paper

•   Caixin: Analysis: Severe Coal Supply-Demand Imbalance Challenges Winter Supply

•   Nikkei Asia: Japan set to lift COVID emergency nationwide after months of restrictions

•   Nikkei Asia: LDP goes to polls: Kishida-Kono showdown for next prime minister

•   Nikkei Asia: COVID nasal spray vaccine set to enter clinical trial in Japan

•   Nikkei Asia: EU commissioner visits Japan and South Korea to discuss Chips Act

•   Nikkei Asia: Bombard the headquarters: Xi Jinping's crackdown keeps growing

•   Mainichi: Kuroda becomes longest-serving BOJ chief as Japan awaits new leader

•   Economic Times: S&P retains India’s 9.5% growth forecast for FY22; consumption, domestic macro indicators weak

•   OilPrice.com: Soaring Coal Prices Are Squeezing Aluminum Supply

•   DIGITIMES: China power cuts unlikely to impact foundry sector

•   DIGITIMES: PCB makers set to work overtime in China starting October 1

•   DIGITIMES: LCD panel prices to continue sliding

•   Robotics Tomorrow: Digital Transformation and the Smart Factory

•   매경(P1): 직원 과실에도 사업주만 잡는 중대재해법

•   매경: 사업주 처벌·손해액 5배 배상…영국의 과실치사법보다 가혹

•   매경(P1): 오리온 선양공장 멈췄다 최악 中전력난 일파만파

•   매경: 전기차 패권노리는 SK-포드...美에 13조원 역대최대 배터리투자

•   매경: 미국 車 업체 러스트벨트 떠나 선벨트로 이동한다 왜?

•   매경: 삼성SDI는 누구와 손잡나…연내 美 투자 결정

•   매경: "車조립땐 휴대폰 놔두고 일에만 전념"…GGM, 품질 높이기 몰두

•   매경: "최고 자동차 전문가가 목표…임금 줄었지만 후회는 안해"

•   매경: 미쓰비시重 자산 압류에…日 "매우 유감, 韓공사 초치"

•   매경: 한은 "앞으론 ESG 실천 기업에만 투자"

•   매경: '뜨거운 감자'로 떠오른 전세대출 규제

•   매경: 쌍용차 우협 선정 미뤄질 듯…인수 후보 자금력 입증 난항

•   매경: 환경단체 점거로 무산된 탄소중립 간담회

•   매경: [단독] 정부, '규제 샌드박스' 넷 중 하나는 묵살…기업은 속탄다

•   매경: 서학개미 곡소리 난다…이 주식 투자자는 웃는다

•   매경: 동학개미 이번엔 돈 벌 수 있을까…외국인 삼전 집중, 개인 카카오 매수 나서

•   매경: 규모로는 中 못이겨…메모리·바이오 韓전략자산 더 키워야 [Big Picture]

•   매경: "G2 패권전쟁 치열하지만…팍스 시니카 회의적" [Big Picture]

•   한경(P1): DL '2조 베팅'…美 크레이튼 품었다

•   한경(P1): ASK 2021 글로벌 대체투자 콘퍼런스

•   한경: 중대재해법 이어 건설안전법 밀어붙이는 與

•   한경: "아이폰에 고객 뺏길라"…'사상 초유' 사태에 다급해진 삼성

•   서경(P1): 석달 뒤, 기업 규제 3法 휘몰아친다

•   서경(P1): 전세대출도 옥죄나...고승범 “금리·조건 등 유리하다는 지적 있다”

•   서경: "경기대응 신속히"···한은, 월별GDP 발표 추진

•   서경: [단독]이석희 "中전력난 영향 없어···내년 메모리 시황 좋다"

•   서경: '먹는 코로나 치료제'도 외산에 목매야 하나

•   서경: [가파르게 오르는 국채금리] 은행주 급등···회사채 이달만 6조 발행

•   조선: 물건 없어 가격 올립니다, 기업들 아우성 치는 이유

•   조선: 서울 빌라 중위값 3.3㎡당 2000만원 넘어… 4년전 아파트 수준

•   조선: ‘친정부 환경론자’ 에너지연구원장, 연구원들 충격 빠뜨린 취임사

•   조선: 쓰고 보기만 하면 번역까지… ‘스마트 글라스’ 시장 쟁탈전

•   조선: [단독] 코로나 유행 악화시, 11월 하순 확진자 최다 4700명 예상

•   조선비즈: [스마트클라우드쇼 2021] “공유경제 본질은 비용, 줄이도록 집중해야”

•   중앙: 구글·애플은 접고, MS는 붙이고…폴더블폰 경쟁 불붙는다

•   문화(P1): 文정부가 밀어주던 ‘BBIG’ 주가 급락

•   문화: “투자 유도하더니 이젠 규제하나”… 개미들 ‘정부책임론’ 확산

•   문화: 文대통령이 올해 초 투자했던 뉴딜펀드 5개중 3개가 ‘원금 손실’

•   문화: 벼랑 끝에 몰린 자영업자들 “사채라도 쓰지 않으면 가게 문 닫는데 어쩌나”

•   문화: 태양광 잠재량 산정에 오류… ‘엉터리’ 신재생에너지 백서

•   한국(P1): "탄소제로는 공짜 아냐"… 전방위 물가 올리는 '그린플레이션'이 온다

•   한국: 전기·가스에 '환경 부담' 얹어 생활물가 '꿈틀'… 남의 일 아니다

•   한국: “2050 탄소중립 달성, 속도 조절 필요”… 산업계, 높아지는 우려

•   국민(P1): “거리두기 유지 힘들다” 위드 코로나 단계 추진

•   국민: 확진 폭증하면 속수무책인데… 살 떨리는 일상회복

•   국민: 국내 외국인 확진, 내국인의 9배… 전문가 “백신 접종 기회 늘려줘야”

•   국민: “주식 환율 집값 퍼펙트스톰 올 수도” 금감원장 경고

•   한겨레: 대주주 지분은 고가매각, 소수주주는 헐값에…‘불공정 게임’ 반복

•   한겨레: [단독] ‘영끌 갭투자’ 주택담보 생활자금까지 70조 끌어썼다

•   머니투데이: 올해 벤처투자 6조원 넘본다...뭉칫돈 유입에 매년 기록 경신

•   머니투데이: [단독] '재계 저승사자' 부활 후 4년...회장님 등 28명 고발됐다

•   헤럴드경제(P1): ‘돈 되는 쓰레기’를 기업 성장동력 삼다 [이슈&뷰]

•   헤럴드경제: ESG 시대 흐름 타고...기업 ‘리사이클링’ 꽂히다

•   헤럴드경제: 싱크탱크 ‘경장포럼’ 띄운 김동연...“진영에 갇히면 안돼”

•   파이낸셜뉴스(P1): 손목 위에서 다 된다, 진격의 스마트워치

•   파이낸셜뉴스: "美, 반도체 기밀요구 안되는 3가지 이유"… 산업계 문제 제기

•   파이낸셜뉴스: 메타버스로 車구경…계약·구매 온라인에서

•   파이낸셜뉴스: 서부발전 '그린수소 생산기술 개발' 시동

•   이데일리(P1): '퍼펙트 스톰' 오는데 규제 러시…韓기업들 비명

•   이데일리: '코로나·원자재·금리 3중고에 입법리스크까지'…숨막히는 기업들

•   이데일리: 엎친 데 덮쳤다…韓기업, 중국 전력난에 '초긴장'

•   이데일리: ICT 대표들 줄소환…플랫폼, 탄소중립에 '답정너' 국감우려

•   이데일리: 탄중위, NDC 40%대 어떻게 맞출까…"국외감축 확대 심의"

•   이데일리: "한국 국가채무 우려스러운 수준…재정 포퓰리즘이 더 큰 걱정"

•   이데일리: "헝다사태·공동부유, 中경제 바뀌는 전환점…韓에도 큰 도전"

•   이데일리: "한은 기준금리 빨리 못 올려…가계부채 금융위가 더 나서야"

•   연합: 오늘 다시 3천명 안팎 가능성…전국적 대유행 본격화 우려

•   연합: 북한 "극초음속미사일 화성-8형 첫 시험발사"…김정은 참관 안해

•   연합: 4차 대유행에도 폐업·해고 등 비자발적 실직자 24만명 줄어

•   뉴시스: '포항 수소연료전지 클러스터' 구축 민관협력 본격 시동

•   뉴시스: 삼성證 "두산퓨얼셀, 中수출·수소경제법 환영…지배구조 우려"

•   e대한경제: K제조업, 수퍼사이클 막차…내년 100대기업 영업익 증가율 ‘10분 의 1’토막

•   더구루: [단독] 두산중공업, 독일 폐기물 에너지화 플랜트 수주

•   더구루: 체코 대통령, '원전 입찰서 러·중 배제 법안' 최종 승인

•   미디어오늘: 중앙일보 "탈원전 전력손실, 30년간 1000조" 보도에 "터무니 없어"

•   에너지경제: 일반 REC 거래시장 두 달간 거래 규모 8천만원…"RE100 초기 지원 필요"

•   에너지경제: "기약없는 원전해체, 비방사선 시설 선제적 해체 허용해야"

•   에너지경제: "친환경 인프라 구축·기술개발 후 그린수소 상용화 나서야"

•   전자신문(P1): '반도체 연대·협력 협의체' 출범

•   전자신문: [이슈분석] 배터리 업계, 실리콘 음극재 경쟁 가열

•   전자신문: [이슈분석]전기차 배터리 충전 속도 향상 음극재 기업들 각광

•   전자신문: [산업리포트] '5G 특화망 시대' B2B 시장 혁신 인프라 경쟁

•   전자신문: R&D 드론 4개 중 1개만 납품 중…갈길 먼 국산 드론 개발

•   전자신문: '수소경제실무위원회' 출범...탄탄한 수소경제 뒷받침

•   전자신문: 민간발전사, '석탄발전 상한제' 법안에 반대 의견…국회 논의도 공전

[Opinions]

•   Project Syndicate(Carlos Alvarado Quesada, et al.): Reinvigorating Multilateralism

•   Project Syndicate(Nancy Qian): Carbon Neutrality with Chinese Characteristics

•   Project Syndicate(Daron Acemoglu): What Climate Change Requires of Economics

•   Project Syndicate(Dalia Marin): How Olaf Scholz Won Germany

•   Project Syndicate(Edmund S. Phelps, Mohammad A. Salhut): Recovering Prosperity

•   Project Syndicate(Hans-Werner Sinn): A Post-Merkel Post-Mortem

•   FT(Editorial Board): Argentina could repeat its economic woes

•   FT(Janan Ganesh): The controlled populism of Joe Biden

•   FT(David Gardner): Autocracy has filled the ideological vacuum in the Middle East

•   FT(Jonathan Wheatley): Georgieva data scandal heightens IMF identity crisis

•   FT(Daniela Schwarzer): Change is in the air in Germany despite a messy election outcome

•   FT(Izabella Kaminska): What do the German election results mean for markets?

•   FT(Lex): US property: cash buyers drive demand for speciality financing

•   WSJ(Editorial Board): Joe Biden’s Forever Diplomacy

•   WSJ(Editorial Board): Entitlements for the Affluent

•   WSJ(William A. Galston): What if Inflation Is Here to Stay?

•   WSJ(David B. Rivkin Jr., Robert Alt): Biden’s Lawless Vaccine Mandate

•   NYT(Paul Krugman): Biden Versus the Rip Van Winkle Caucus

•   NYT(Bret Stephens): Manchin and Sinema Should Just Say No to Big Spending Plans

•   NYT(Jamelle Bouie): We Underestimated Trump Before. It Didn’t Go Well.

•   WP(David Von Drehle): To solve the carbon crisis, we need to talk nuclear power

•   WP(Charles Lane): Elon Musk is right. Congress has no business micromanaging the automotive future.

•   WP(Katrina vanden Heuvel): Will corporate Democrats derail Biden’s agenda?

•   Bloomberg(Daniel Moss): Exits of Rosengren, Kaplan Could Lead Powell to Consolidate Power at Fed

•   Bloomberg(Brian Chappatta): Federal Reserve’s Infighting Shows It Lacks Answers About Inflation

•   Bloomberg(Andreas Kluth): Like the U.S., Germany Is Divided But Its Politics Are Not Divisive

•   Bloomberg(Therese Raphael): Fuel Shortage Is Boris Johnson’s Next Big Problem After Covid and Brexit

•   Bloomberg(Scott Duke Kominers): World Can Have Covid Boosters and Its First Doses, Too

•   CNN(Dana M. Peterson): Inflation isn't over yet. Here's when we should finally see lower prices

•   MarketWatch(Mark Hulbert): U.S. consumers are gloomy about their finances and that means a recession could be near

•   MarketWatch(Rex Nutting): Home prices have been rising 100 times faster than usual

•   Reuters(John Kemp): China’s widening electricity crisis caused by coal shortage

•   Reuters(Andy Home): Power is a double-edged sword for global metals sector

•   한경(한상춘): '엔低 도박' 끝나간다…日, 다시 '엔高의 저주' 겪나 [한상춘의 world View]

•   조선(사설): 태양광 풍력 ‘전력 저장 비용’만 1200조원 나오자 숨기고 거짓말

•   문화(사설): 속속 밝혀지는 脫원전 천문학적 비용, 전면 공개해야