Business Intelligence Monitor 211012

(Introduction)

[Markets]

•   Global: U.S. shares drop as soaring oil prices stir inflation woes; Yen wilts

※   Angst about Chinese property developer Evergrande could keep Asia on edge

•   China: China's bond markets slump again as new Evergrande deadline passes

•   Turkey: Turkish Lira Slides to Record Low on Rising Tensions, Rate Cut

•   Oil·Natural gas: Oil Price Jumps Above $80 and Natural Gas Races Higher, Turbocharged by Supply Shortages

•   Coal: China’s coal futures hit record high as floods worsen energy crisis

•   Metals: Aluminium hits 13-year high as power shortages escalate

•   Grains: Soybeans slip as traders anticipate bearish U.S. production report

[Indicators]

•   Japan Aug. GDP(JCER est.): Japan GDP shrinks 0.9% in August from previous month: JCER

•   한국 상반기 에너지 소비: 에너지소비 상반기 3.9% ↑… 코로나19 딛고 경기회복세 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

•   FT: Pandemic crisis: Global economic impact tracker

•   CNN: Tracking America's recovery

•   Bloomberg: Global PMI Tracker

•   Bloomberg: The Covid Resilience Ranking

[News]

•   WSJ: Merck Asks FDA to Authorize Promising Covid-19 Pill

※   The drug could fill a big need for a pill that patients could easily take at home to help avoid hospitalization

•   WSJ: New Clues Emerge About Whether Vaccines Can Help Fight Long Covid

•   WSJ: Pfizer-BioNTech Covid-19 Vaccine Is World’s Preferred Shot

•   WSJ: Nobel Economics Prize Is Awarded to U.S.-Based Trio

※   David Card, Joshua D. Angrist and Guido W. Imbens are honored for their contributions to labor economics and causal relationships

•   WSJ: Biden’s China Tariff Plan Fails to Provide Enough Relief, Businesses Say

•   WSJ: How Biden Can Recover From His Summer Slide

•   WSJ: Derby’s Take: Fed Down Two Hawks as Regional Bank Presidents Depart

•   WSJ: Xi Jinping Scrutinizes Chinese Financial Institutions’ Ties With Private Firms

※   Inspections aim to ensure full Communist Party control over what is seen as the lifeblood of the economy, say people familiar with the plan

•   WSJ: Chinese Developer Modern Land Asks to Delay Bond Repayment

•   WSJ: India, China Strike Out in Talks to Ease Border Dispute

•   WSJ: In Poland, Protesters Fear Court Ruling Points to EU Exit

•   WSJ: Brazil’s Drought Pressures Power Grid, Boosting Case for Renewables—and Fossil Fuels

•   WSJ: Japan Doesn’t Need ‘Kishida Shock’ Therapy

•   WSJ: Chevron Sets Goal of Cutting Carbon Emissions in Operations, but Not for Products

•   WSJ: Amazon Rethinks Office Return Plans, Adding More Flexibility

•   WSJ: 5G Technology Begins to Expand Beyond Smartphones

•   NYT: ‘We Suffer While You Debate’: Many Fear Being Left Behind as Democrats Trim Spending Bill

•   NYT: Boosters Are Complicating Efforts to Persuade the Unvaccinated to Get Shots

•   WP: At least 85 percent of the world’s people affected by human-induced climate change, new study shows

•   WP: Fauci says he doesn’t expect a vaccine mandate for domestic air travel ‘immediately’

•   WP: Warehouse jobs — recently thought of as jobs of the future — are suddenly jobs few workers want

•   WP: In U.S.-China clash, Taiwan takes center stage

•   FT: US and EU-led pledge to slash methane emissions gathers support

※   European Commission: Joint EU-US Statement on the Global Methane Pledge 

•   FT: AstraZeneca says Covid drug cuts risk of severe disease or death by 50%

"

※   Advances by Merck and AstraZeneca raise hopes of bringing more treatments to market

"

•   FT: Gas shortages: what is driving Europe’s energy crisis?

•   FT: Policymakers grapple with best way forward as momentum slows

•   FT: A corporate tax fudge that keeps the trade show on the road

•   FT: Covid response hampered by population data glitches

•   FT: Divisions over Georgieva’s fate to overshadow IMF annual meeting

•   FT: Moderate face of Germany’s AfD steps down as party shifts further right

•   FT: Investment helps Italy’s economy accelerate out of pandemic

•   FT: Fighting in Brussels bogs down plans to regulate Big Tech

•   FT: UK doubles down on demand for reform of Brexit deal

•   FT: Sunak considers rescue plan for UK sectors hit by energy crisis

•   FT: US Christmas retail crush comes early as supply chains buckle

•   FT: US Covid cases drop by 22% raising hopes the worst may be over

•   FT: Sadr gains influence in Iraq after election success

•   FT: US mortgage bonds feel strain of Fed pullback plans

•   FT: Sustainable investment ‘rebooting’ Europe’s private markets, research finds

•   FT: BHP faces knife-edge vote on climate change plan

•   FT: Solar-powered steel mill blazes trail for green energy transition

•   Bloomberg: Inflation Casts a Longer Shadow After Week of Wild Price Spikes

•   Bloomberg: Energy-to-Metals Price Surge Gives Inflation Threat Reminder

•   Bloomberg: What's Happening in the World Economy: The U.S. Recession Risk

•   Bloomberg: Container Shipping Rates Drift Lower After a Record-Setting Climb

•   Bloomberg: China’s Response to U.S. Trade Talks Shows Big Gap Between Two

•   Bloomberg: Goldman’s Hatzius Sees No Fed Hike Next Year as Growth Slows

•   Bloomberg: Populist Leaders in Europe Reel From a Weekend of Shocks

•   Bloomberg: Merkel’s Party Starts the Process of Finding Yet Another Leader

•   Bloomberg: BOE’s Saunders Seen Pushing for Bigger-Than Expected Rate Hike

•   Bloomberg: U.K. Treasury Tapped for Money to Help Firms Hit by Gas Price

•   Bloomberg: France Gets EU Countries’ Backing to Warn U.K. in Fishing Row

•   Bloomberg: Brexit Is Back With a Vengeance; Fresh Fight Set Over Northern Ireland

•   Bloomberg: ECB’s Lane Says One-Off Wage Rise No Sign of Sustained Inflation

•   Bloomberg: U.K. Set to Intervene in Carbon Market If Prices Stay Elevated

•   Bloomberg: U.K. Turns to Coal as Low Wind Output Increases Power Prices

•   Bloomberg: Hong Kong Risks Global Status as Singapore Opens Up to World

•   Bloomberg: Some Evergrande Bondholders Haven’t Received Coupons Due Oct. 11

•   Bloomberg: Ex-Evergrande Economist Says Firm Ignored His Warnings Over Debt

•   Bloomberg: China Faces Power Hikes And That’s Likely to Cut Metals Output

•   Bloomberg: Plunging Currency, Dollar Drought Worsen Myanmar Economic Crisis

•   Bloomberg: Malaysia Set to Raise Debt-to-GDP Cap After Key Parliament Vote

•   Bloomberg: Brazil Economists See Faster Inflation, Higher Key Rate in 2022

•   Bloomberg: Roaring India Stock Market on Track to Overtake U.K.’s in Value

•   Bloomberg: Favorite Bond Market Inflation Gauge Set to ‘Cross the Rubicon’

•   Bloomberg: Goldman, JPMorgan Say Buy the Dip as Inflation Is Transitory

•   Bloomberg: U.S. Likely to Ask OPEC for More Oil Supplies, Yergin Says

•   Bloomberg: Shale Oil Production Back Near Pre-Pandemic Levels in U.S. Permian Region

•   Bloomberg: Big Swings in U.S. Oil Derivatives Show Supplies Tightening

•   Bloomberg: Qatar Says It’s ‘Unhappy’ Natural Gas Prices Are So High

•   Bloomberg: Qatar Says Rejoining OPEC Would Not Fit With Its Strategy

•   Bloomberg: Copper Bulls Get an Electric Shock as World’s Factories Slow

•   Bloomberg: Lithium Deal Shows China’s Accelerating Race for Battery Metals

•   Bloomberg: Global Energy Crisis Piles Pressure on Aluminum Supply

•   Bloomberg: Iron Ore’s 50% Surge Is Latest Spike to Fuel Inflation Fears

•   Bloomberg: Public Opposition to Huawei Surges in Canada Before 5G Decision, Poll Says

•   Bloomberg: Clean-Energy Stocks Are Being Diluted by Huge Cash Inflows: Green Insight

•   Bloomberg: The Stock Market’s CO2 Footprint Is Much Bigger Than Feared

•   Bloomberg: Climate Change Is Single Biggest Health Threat, WHO Says

•   Reuters: WHO advises additional COVID shot for immunocompromised people

※   Immunocompromised at higher risk of breakthrough infection

•   Reuters: Growth is biggest challenge for emerging economies -World Bank chief economist

•   Reuters: China rust-belt province warns of more shortages in energy crisis

•   Reuters: EU to study joint natural gas buying as response to energy price spike -draft

•   Reuters: Russia's daily COVID-19 death toll hovers near all-time high

•   Reuters: Brazil's Bolsonaro says he is 'bored' by questions on COVID-19 deaths

•   Reuters: Saudi to supply additional crude to some Asian refiners in Nov -sources

•   Reuters: China has won AI battle with U.S., Pentagon's ex-software chief says

•   Reuters: Analysis: Corporate business travel 'carbon budgets' loom for airlines

•   AP: German companies urge next government to step up on climate

•   AP: Scientists urge speedy switch to renewables in Middle East

•   CNBC: 5 charts show Russia’s economic highs and lows under Putin

•   CNBC: Supply chain data signals a weaker-than-expected third quarter for Apple, Barclays says

•   MarketWatch: JPMorgan CEO Jamie Dimon says ‘bitcoin is worthless’ amid crypto bull run

•   MarketWatch: PC sales growth slows as supply chain issues persist

※   IDC: Supply Challenges Dampen Growth in the PC Market, According to IDC

•   Fox Business: US headed into another recession if consumer sentiment trend continues, economists say

•   SCMP: The underwater arms race: China, Aukus and a deepening submarine rivalry

•   SCMP: Xi Jinping plans call with EU’s Charles Michel, as Brussels looks to steady ship on China

•   Global Times: China issues harsh statement, blames failed talks on India’s unreasonable demands

•   Global Times: Chinese firms face difficulties amid power cuts, but remedial measures underway

•   Caixin: Energy Insider: State Grid Secures Power Supply Amid Energy Shortage

•   Nikkei Asia: Japan's PM Kishida backpedals on raising tax on investment income

•   Nikkei Asia: Kishida includes Quad, China in first calls; South Korea on hold

•   Nikkei Asia: Climate for change? Japan's net zero goal tests PM Kishida's will

•   Nikkei Asia: Japan's wooing of TSMC pays off with $7bn chip plant

•   Mainichi: Toyota car sales plunge in China in Sept. on semiconductor shortages

•   Economic Times: Indian economy poised to attain double-digit growth in FY22: PHDCCI

•   Economic Times: Power outages risk to growth, add to retail inflation: Nomura

•   Economic Times: Indian economy on path to swift recovery: Finance Ministry report

•   MINING.com: World’s top copper projects by capex — report

•   Verge: ‘Pixel Pass’ is Google’s rumored response to Apple One

•   Robotics & Automation News: Zepth and Boston Dynamics develop construction robotics solution

•   매경(P1): "동학 서학 개미에 증권사만 신났네"…5곳 '이익 1조 클럽' 눈앞

•   매경: 대출규제 묶이고, 빅테크에 치이고…고민 깊은 은행들

•   매경(P1): [알립니다] 글로벌 대체투자 콘퍼런스 엽니다

•   매경: 상의 회장단 "대선서 경제활력 방안 찾길"

•   매경: 신재생발전 259기 3년 돌렸는데…원전 1기 150일치

•   매경: 신한은행 임원은 3가지가 없다…방 비서 직급 사라져

•   매경: 저소득 자영업 가구 6만여곳 증가

•   매경: 카드 더 쓰면 돈 돌려준다더니…"10만원 받기 어렵네"

•   매경: 한화, 원익과 손잡고 암모니아 기반 수소 만든다

•   매경: '코로나·독감' 동시에 잡는 결합백신 나오나

•   매경: 이사철 코 앞인데…폭등 전셋값에 주민센터 계약혼선까지 시민들 '부글부글'

•   매경: 文정부 출범 후 서울 아파트값 상승률 1위는 어디

•   한경(P1): "CEO 연봉도 직접 결정"…SK, 이사회 중심 지배구조 대혁신

•   한경(P1): 84㎡ 45억…거래절벽에도 팔리면 신고가

•   한경(P1): 로버트 랭거 "코로나 극복도 미래도, 인재·데이터에 달렸다"

•   한경: "치료제 나와도 매년 백신 맞아야…코로나 이기려면 '시너지'가 필수"

•   한경: NFT 전문 금융 서비스 급성장…담보대출 이어 펀드도 나온다

•   한경: "서민피해 없도록…" 당·청 한목소리에 당국 "대출중단 없을 것"

•   한경: 발전사 신재생 구매비용 16조 늘어난다…전기료 인상 불가피

•   한경: 장용성 교수 "이질적 경제주체 모형, 소득 불평등·분배문제 연구에도 응용"

•   한경: "거시경제 모형 한계 극복…노동시장·경기 분석 기여"

•   한경: "탄소배출권 가격보다 3배 비싸"…REC 거래시장 외면하는 기업들

•   한경: 민간부채 올 2분기 117조 폭증

•   한경: 인플레 공포…주요국 내년 성장률 전망 줄하향

•   한경: '규제 프리' 아파텔…아파트 대체투자 뜬다

•   한경: 엔씨·하이닉스·삼전…증권사 목표가 하향

•   한경: 1000대도 안 팔리더니…1년 새 판매 44배 급증한 가전제품

•   한경: 파괴적 혁신으로 '포스트 코로나'를 지배하라

•   서경(P1): 기업 때린 '공급망 쇼크'···3곳중 2곳 재고 늘었다

•   서경: 체감경기 꺾이는데 재고만 146조···수출까지 발목 잡힐 수도

•   서경: 공급망 붕괴·탄소중립 가속에···다급한 기업들 "적과도 동침"

•   서경: 과세권 배분율·중간재 매출 귀속이 국가별 디지털세 득실 가른다

•   서경: 고신용자 옥죄고 저신용자는 풀고···가계대출 규제의 모순

•   서경: 도시가스 독점업체 갑질에···속타는 中企

•   서경: "D램값 하락 리스크 선반영"···삼성전자, 바닥 다지기 끝났나

•   조선(P1): 아파트 당첨돼도 중도금 대출 막혀 무더기 포기

•   조선: 버텨온 中企 “전기료가 생산비의 35%, 인상 감당못해”

•   조선: 내년 전기요금 kWh당 최대 5원 더 오를 수 있다

•   중앙(P1): [단독] 연금개혁 방치한 사이…국민부담 37조→52조 커졌다

•   중앙: 중국 전력난 심해지자, 북한 석탄 불법수입 급증

•   중앙: 부스터샷 오늘 시작, 의료진 4만5000명에 화이자

•   중앙: 양도세법 표류…시장에 ‘12억 아파트’ 실종

•   중앙: [View & Review] 파운드리 지형을 뒤집어라…삼성의 비밀병기 ‘겟올라’

•   중앙: 삼성 폴더블폰 미국서도 선전, CEO폰서 대중폰으로 변신

•   중앙: 바닥인 줄 알았더니 지하가…동학개미, 버틸까 빠질까

•   한국(P1): '부모 찬스' 때문에...벌어지는 MZ세대 자산격차

•   국민: “골목상권 침해 사업 철수”… 카카오 문어발 손질 나선다

•   국민: 자이로드롭 같은 암호화폐… 불장 신호? 세력 불장난?

•   서울: 우량주 산 개미 더 많이 잃었다… 3개월 만에 시총 182조 날려

•   세계: [단독] 의료진 확진 석달 새 2배로… 위드코로나 최일선 ‘위태위태’

•   한겨레(P1): 스티글리츠 “코로나 팬데믹은 불평등·기후위기 잡을 적기”

•   머니투데이(P1): 거북선과 이순신 꺼내든 정의선…달라진 리더십 '4개 키워드'

•   머니투데이: 10대 그룹 '마지막' 남은 순환출자 구조..취임 1년 정의선 과제는

•   머니투데이: '손만 대면 대박'…정의선의 '미다스 손'

•   머니투데이(P1): '그린뉴딜 엑스포' 보고받은 文대통령 "수소, 전방위 홍보하라"

•   머니투데이: 수소경제·수소도시 日과 '세계최초' 타이틀 경쟁 시작됐다

•   머니투데이: 성큼 다가온 그린뉴딜 미래, 에너지 대전환의 한가운데 서다

•   머니투데이: '서울 집 팔겠다' 3개월 만에 매수심리 바뀌었다

•   머니투데이: 코스피 3000까지 1.5%남았다… "악재는 대부분 반영"

•   머니투데이: "내년에도 지수 크게 상승하기 어렵다..종목 차별화 지속"

•   머니투데이: 올해 반대매매 3.9兆, 이미 작년 전체규모 넘었다

•   파이낸셜뉴스(P1): 美채권으로 '머니무브'.. 역대급 순매수 몰렸다

•   파이낸셜뉴스(P1): 골목 파고든 무인매장…내 일자리 넘본다

•   파이낸셜뉴스: 자영업자 "인건비라도 아끼자" 급증하는 무인점포… 올 2만개 넘길듯 [벼랑끝 자영업자 대안 찾기]

•   파이낸셜뉴스: 가계·중기·소상공인 빚더미… 대기업만 은행부채 줄었다 [벼랑끝 자영업자 대안 찾기]

•   파이낸셜뉴스(P1): 强달러 덮친 정유·항공업 비상

•   파이낸셜뉴스: "국내 우량주 저점매수 타이밍 본다" [요즘 큰손들의 투자는]

•   파이낸셜뉴스: 달러 자산 늘리는 VVIP… 美배당주·금융 ETF 골라담았다 [요즘 큰손들의 투자는]

•   파이낸셜뉴스: "극비자료 빼고 제출" K반도체, 美정부와 합의 나서나

•   디지털타임스(P1): 부동산 중개수수료 인하 이르면 이달중 시행

•   이데일리(P1): 해외의존도 64%…K배터리 패권 사수, '소재 독립'에 달렸다

•   이데일리: "이대로는 위기"…147조원 소재시장 경쟁 뛰어든 기업들

•   이데일리: 전량 수입하는 원자재…광물 '안정적 수급' 시급

•   이데일리: “한·중·일 의존 줄이자”…‘배터리 가치사슬’ 구축 나선 미국·유럽

•   이데일리: [마켓인]“ESG가 미래 M&A 동력”…폐기물 업체에 눈독

•   이데일리: 文 '그레이수소' 내놓자…수소관련株에 쏠리는 시선

•   연합: 오늘 1천300명 안팎 예상…연휴 여파로 확진자 또 급증하나

•   연합: 방역체계 전환·경제회복 기대감…키워드로 본 '위드 코로나'

•   연합: 작년 부동산 보유세 납부액 18조…3년새 5.7조 증가

•   KBS: [단독] “석탄발전소 퇴출 위해 한국 기업에 주주행동”…세계 최대 투자모임의 경고

•   e대한경제: 이재용, 가석방 출소 2달…갈 길 바쁜데 사법리스크 여전

•   e대한경제: 민주당 ‘결선투표’ 내홍 속 김동연 지지세 꿈틀…反이재명 표심 규합 가능성 제기

•   e대한경제: [단독] 고용부, 롯데건설 거쳐 포스코건설ㆍ두산건설 특별근로감독 착수

•   에너지경제: [전력대란 재깍재깍] 전력대란 경고음(中)...중국 전력난·미 텍사스 대정전 "남 일 같지 않다"

•   전자신문(P1): 삼성 '엑시노스'의 반격…내년 출하량 두배 늘린다

•   전자신문(P1): '접고 펴지는' 폴더블 운전대 나온다

•   전자신문(P1): 대덕전자, 내년까지 4000억 반도체 기판 투자

•   디지털데일리: 中, 美 제재 뚫고 반도체 투자 지속…미소 짓는 韓 장비사

[Opinions]

•   Project Syndicate(이근): China's Loss Can Be Southeast Asia's Gain

•   Project Syndicate(Dani Rodrik): The Metamorphosis of Growth Policy

•   Project Syndicate(Brahma Chellaney): Saving Taiwan

•   Project Syndicate(V. Shankar): What Developing Countries Need to Reach Net Zero

•   FT(Ruchir Sharma): Angela Merkel’s shrewd avoidance of stale leader syndrome

•   FT(Gideon Rachman): The moment of truth over Taiwan is getting closer

•   FT(Lex): Gas crisis/Russia: punished for past failings, EU and UK need transition plan

•   FT(Lex): Tesla: ‘full self-driving’ is self-defeating hype

•   WSJ(Walter Russell Mead): Xi Jinping’s Two-Track Foreign Policy

•   NYT(Paul Krugman): A Deserved Nobel Economics Prize Reminds Us Facts Matter

•   WP(Editorial Board): To prevent the next pandemic, we must find the source of covid-19. China’s stonewalling is unacceptable.

•   WP(Paul Waldman): Only one thing can solve Biden’s political dilemma: Donald Trump

•   WP(Greg Sargent): Biden is close to a big win that would strike at the core of Trumpism

•   WP(Michael Gerson): The Trump nightmare looms again

•   WP(Elaine Luria): Rep. Elaine Luria: Congress must untie Biden’s hands on Taiwan

•   Bloomberg(Editorial Board): ESG Investment Needs to Keep Its Green Promises

•   Bloomberg(Tyler Cowen): Supply Chain Disruptions: Almost Too Many Reasons to Count

•   Bloomberg(Karl W. Smith): Transitory Inflation? The Fed Should Strive to Make It Permanent

•   Bloomberg(Tim Culpan): China Isn't the AI Juggernaut the West Fears. U.S. Expertise Is More Valuable

•   Bloomberg(Scott Duke Kominers): Economics Nobel Prize 2021 for Card, Angrist and Imbens

•   Bloomberg(Ruth Pollard): China, India and Pakistan Are Raising Temperatures Along Their Disputed Borders

•   MarketWatch(Satyajit Das): Homebuyers fled cities as COVID spread but many are heading downtown again

•   Fox News(Janette Nesheiwat): We are bringing the COVID pandemic to an end. Here's how to keep the trend going

•   Reuters(Andy Home): Europe races to fix its rare earths import dependency

•   한경(사설): 9년 뒤 서울의 1.1배 깔릴 태양광, 친환경 탈 쓴 환경파괴다

•   한경(이건호): 탄소재난지원금이라도 줄 텐가

•   한경(한상춘): 헝다사태發 이탈 자금, 부동산 거품 더 키우나

•   파이낸셜뉴스(구본영): 탄소중립, 엉뚱한 데서 삽질하나

•   이데일리(경계영): 기업 아우성에 귀 닫은 정부 NDC 상향