Business Intelligence Monitor 211028

(Introduction)

[Markets]

•   Global: Equities dip, U.S. yields fall on resurgence in U.S.-China tensions

•   Metals: Falling thermal coal prices drag aluminium lower

•   Grains: Corn futures rally as ethanol production rises; wheat, soy firm

•   한국: 코스피 3,020대로 후퇴…외국인·기관 순매도

•   한국: 한전기술 한달새 54% 급등… ‘원전주’ 일제히 날아올랐네

•   한국: 두산그룹주 엇갈려, 두산밥캣 4%대 오르고 두산중공업 약간 내려

•   한국: 3년물 국채금리 年 2% 돌파

[Indicators]

•   US Sep. Goods trade balance: U.S. trade deficit widens in September; inventories mixed

•   US Sep. Durable goods orders: U.S. Orders for Big-Ticket Products Fell in September Amid Supply Constraints

•   US Weekly Mortgage rates·applications: Mortgage rates rise to an 8-month high, tanking refinance demand

•   China Sep. Industrial profits: China’s Industrial Profit Growth Picked Up in September

•   Brazil Benchmark rate: Brazil central bank makes more aggressive interest rate hike on fiscal fears

•   Canada Benchmark rate: Bank of Canada jolts investors by signalling earlier move on rates

•   한국 8월 인구동향: 22개월째 인구감소…8월 출생아 또 최저

•   한국 9월 국내인구이동: 집값 부담에 탈서울 행렬...올해 서울서 약 8만 명 '강퇴'

[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: Democrats Drop Paid Leave From $1.75 Trillion Proposal

※   White House hosts influential senators as talks continue on healthcare, education and climate-change package

•   WSJ: How the Billionaires Income Tax Would Work

•   WSJ: China’s Ambitious Climate Goals Collide With Reality, Hampering Global Efforts

•   WSJ: For the Shipping Industry, Moves to Cut Carbon Emissions Remain a Struggle

•   WSJ: Merck’s Covid-19 Pill Licensed to U.N.-Backed Nonprofit to Increase Global Supplies

※   Company is licensing molnupiravir to a group that will pick drugmakers to make the pill for low- and middle-income countries

•   WSJ: U.S. Military Chief Says China’s Hypersonic Missile Test Is Close to ‘Sputnik Moment’

※   Gen. Mark Milley says Pentagon is focused on the military development

•   WSJ: Antidepressant Significantly Reduces Covid-19 Hospitalization

•   WSJ: Fed Bankers Face Penalties for Ethical Breaches Under Senate Proposal

•   WSJ: Chinese Workers Say They Are Lured Abroad and Exploited for Belt and Road Jobs

•   WSJ: China urges property developers to pay international debts

•   WSJ: Evergrande founder loses $25bn as Xi crackdown hits big tycoons

•   WSJ: Europe’s Push to Loosen Russian Influence on Gas Prices Bites Back

•   WSJ: CFTC Chief Says Recent Crypto Cases Are ‘Tip of the Iceberg’

•   WSJ: Third Point Has Big Shell Stake, Urges Energy Giant to Break Up

•   WSJ: Hertz Links Up With Uber to Offer 50,000 Tesla Rentals

•   WSJ: Elon Musk’s Net Worth Approaches $300 Billion

•   WSJ: GM Profit Sinks as Chip Shortage Takes Toll

•   WSJ: Boeing Loss Driven by Dreamliner, Space Problems

•   WSJ: Federal Trade Commission Scrutinizing Facebook Disclosures

•   NYT: Shut Out on Budget Bill, Republicans Take Shots From the Sidelines

•   NYT: Ahead of a U.N. climate summit, Democrats push to secure policies Biden can promote.

•   NYT: Iran Will Rejoin Nuclear Talks, Top Negotiator Says

※   Negotiations on reviving the 2015 nuclear accord are to resume in November, but it is unclear if the United States will take part in them.

•   NYT: At McKinsey, Widespread Furor Over Work With Planet’s Biggest Polluters

•   NYT: Oil Executives to Face Congress on Climate Disinformation

•   NYT: Why This Billionaire Is Worried About Green Investing

•   WP: Los Angeles is aiming to be first major carbon-free U.S. city, but obstacles loom

•   WP: Putin has pledged carbon neutrality by 2060. He claims Russia’s forests will do much of the work.

•   WP: Countries are reopening borders. But China isn’t ready to live with the coronavirus.

•   FT: Gazprom’s low gas storage levels fuel questions over Russia’s supply to Europe

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※   Putin says he has told company to pump more gas into its facilities in Germany and Austria

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•   FT: Penalty imposed after Warsaw fails to suspend rules on disciplining judges

•   FT: Brussels in no rush to act on rule of law spat with Poland

•   FT: EU steps up pressure to dismantle trade barriers

•   FT: EU says more time needed to put in place bank capital rules

•   FT: France sets deadline for UK in dispute over fishing rights

•   FT: Rishi Sunak unveils UK Budget focused on ‘new age of optimism’

•   FT: Government winners and losers in the UK budget

•   FT: Living standards may decline despite Budget commitments, says fiscal watchdog

•   FT: UK government to invest £1.7bn in Sizewell C nuclear power station

•   FT: Infrastructure package criticised for focus on big-ticket projects

•   FT: Budget housing package criticised as ‘vague’ and underwhelming

•   FT: Sunak’s super-deduction: the biggest tax cut in history or sleight of hand?

•   FT: COP26 summit faces rail strike disruption after pay deal deadline passes

•   FT: Novavax submits Covid jab for UK approval

•   FT: Rising energy prices create dilemma for Biden administration

•   FT: Israel’s ‘political accident’ coalition beats survival odds as budget looms

•   FT: What the latest iPhone reveals about Apple’s strategy

•   Guardian: The dirty dozen: meet America’s top climate villains | Georgia Wright, Liat Olenick and Amy Westervelt | The Guardian

•   Bloomberg: Pandemic Hit to Global Employment Is Much Worse Than Anticipated

※   ILO: Employment impact from the pandemic worse than expected

•   Bloomberg: Biden Makes Final Push for Economic Deal Before European Summits

•   Bloomberg: Supply Chain Latest: U.S. Ports Get Tough on Carriers as Containers Sit

•   Bloomberg: White House Says Federal Vaccine Rule Won’t Strain Supply Chains

•   Bloomberg: U.S. Is Global Outlier With Longer Supply-Chain Delays

※   U.S. firms also mark up prices more, though gap has narrowed

•   Bloomberg: U.S. Holiday Spending Plans Tempered by Inflation, Survey Shows

•   Bloomberg: Euro Area’s Last GDP Hurrah Will Morph Into Supply Slowdown

•   Bloomberg: German Chancellor-in-Waiting Vows Fast Push for Renewables

•   Bloomberg: China Plans to Cap Key Coal Price to Ease an Energy Crisis

•   Bloomberg: China Plan for Smart Cities Spurs Domestic Wonder, Global Worry

•   Bloomberg: Covid Infections in Beijing at Highest Level in Eight Months

•   Bloomberg: China’s Booming Exports Mean Yuan’s Yearlong Rally Far From Over

•   Bloomberg: Affluent Tokyo Suburb Shows Why Japan’s Opposition Can’t Keep Up

•   Bloomberg: Singapore’s Ranking Drop Shows Painful Shift From Covid Zero

•   Bloomberg: Philippines Still Worst Place in Covid Even as Cases Ease Off

•   Bloomberg: Bond Curves Flash Growth Warning as Longer-Term Yields Decline

•   Bloomberg: Bulls Return to China’s Markets Just as Risks Start to Multiply

•   Bloomberg: U.S. Gulf Coast Oil Supply Pile-Up Is Only Temporary

•   Bloomberg: Lithium's Rally Isn't Slowing as Costs Rise for Electric Vehicles, Batteries

•   Bloomberg: CATL Third Quarter Profit Beats Estimates After Sales Surge

•   Bloomberg: China’s Wind Giant Sees Demand Boom Resuming After 2021 Blip

•   Bloomberg: Biden Methane Crackdown Likely to Stop Short of Ban on Flaring

•   Bloomberg: U.K. Sees No Deal Coming to Eliminate Coal at UN Climate Summit

•   Bloomberg: Saudi Arabia and Russia Go on the Offense at Climate Talks

•   Bloomberg: EV Believers Grow With Costs Falling, Driving Range Increasing

•   Bloomberg: Getting to Net Zero Means a Race to Scale Up Renewables

•   Bloomberg: COP26 Puts Focus on How Carbon Markets Work, or Don’t: QuickTake

•   Reuters: Biden vows to stand with Asia on freedom, hits at China on Taiwan

※   White House: Readout of President Biden’s Participation in the East Asia Summit

•   Reuters: Exclusive: Moderna COVID shot could be used in U.S. children, teens within weeks, CEO says

•   Reuters: China developers propose debt restructuring, maturity extension to regulators-sources

•   Reuters: Breakthrough infections can lead to long COVID; genes may explain critical illness in young, healthy adults

•   Reuters: World's top energy agencies call for huge scale-up in clean power projects

•   Reuters: Germany must build new gas power stations to guarantee energy security - Scholz

•   Reuters: China will not be the first to recognise Taliban government, scholar says

•   Reuters: Brazil Senate committee approves report calling for Bolsonaro to be indicted

•   Reuters: Intel launches new PC chips, says U.S. supercomputer will double expected speeds

•   Reuters: Analysis: The 1970s all over again? Stagflation debate splits Wall St

•   AP: India slams China's new boundary law amid border tensions

•   CNBC: The picture won’t be pretty for third-quarter U.S. economic growth, but it should get better

•   CNBC: Commercial flights that fly ‘entirely on hydrogen’ planned for 2024

•   CNBC: This industrial giant reporting Thursday has a ‘must-listen earnings call,’ portfolio manager says

•   CNBC: 1.5 million Americans got a Moderna or J&J Covid booster shot in the first 5 days, White House says

•   CNBC: European Central Bank expected to hold steady as economy slows and inflation soars

•   CNBC: Nvidia’s $40 billion takeover of Arm faces in-depth investigation from EU

•   CNBC: A divergence between the two largest chipmakers, Nvidia and TSMC, could widen, traders say

•   MarketWatch: America’s 40-year housing market ‘tailwind’ could be coming to an end — with rising mortgage rates and worsening affordability

•   Fox Business: Biden team deploys Yellen to sell Democrats' economic agenda

•   SCMP: Why China’s property tax plan is a key pillar in its ‘common prosperity’ drive

•   SCMP: Evergrande crisis: a third of China’s developers may face pressure with US$84 billion in debt maturing by end of 2022, S&P warns

•   SCMP: China’s offshore bonds watchdog promises easier funds transfer for developers to pay their debt after giving them a tongue lashing

•   SCMP: China plans to ‘redirect’ duty-free spending power, but regulatory crackdowns could make brands ‘reluctant’

•   Global Times: White paper shares China’s achievements, experience on climate issue

※   State Council Information Office of China: Full Text: Responding to Climate Change: China's Policies and Actions

•   Caixin: Top Chipmaker TSMC Rebuffs U.S. Request for Supply Chain Information

•   Nikkei Asia: Japanese drugmakers race to release COVID vaccines

•   Nikkei Asia: COVID pushes debt at small Japanese companies to 10-year high

•   Nikkei Asia: Apple's clean energy drive draws more Asian suppliers

•   Nikkei Asia: Analysis: Xi's new tax threatens China's invincible housing market

•   Mainichi: Japan's economic assessment downgraded for 1st time in 18 months

•   OilPrice.com: The World’s Cheapest Electric Vehicle Is Coming To America

•   Industrial Vehicle Technology: Doosan upgrades electric BT/BX 7 Plus Series

•   DIGITIMES: Networking chips supply still far short of demand

•   MIT News: One autonomous taxi, please

•   Hannover Messe News: "The biggest transformation since industrialization"

•   Robotics & Automation News: Boston Dynamics and IBM partner to bring mobile edge analytics to industrial operations

•   Dronelife: Drone Shows! The Drone Technology on Display this Week at the Energy Drone and Robotics Summit

•   매경(P1): [단독] 요소수 품귀…화물트럭 멈춘다

•   매경: 국내 요소생산 全無…업계, 중국 대체할 수입처 찾아 삼만리

•   매경(P1): [단독] 고용부 "외국인 근로자 입국 확대"

•   매경(P1): 후보지 56곳 발표 8개월만에…정부, 도심주택지구 4곳 확정

•   매경(P1): [단독] 고용부 "외국인 근로자 입국 확대"

•   매경: [단독] 스타트업에 날개 달아준 삼성…'AI 펀드매니저 칩' 만든다

•   매경: 무주택자 대출 늘려준다더니…'소득 잣대'로 한도 줄였다

•   매경: 전세대출 정부규제 없다지만…은행 자체적으로 대출 조이기

•   매경: "저축은행마저 막히면 갈 곳 없는데"…대출금리 더 올랐다

•   매경: 이재명 "총리에 예산권"…기재부 힘빼기 예고

•   매경: [단독] 문홍성 사장, (주)두산 사업 총괄한다

•   매경: 정의선 "車 반도체 공급난, 내년 1분기는 돼야 풀릴것"

•   매경: 반도체주 볕드나…목표가 상향 잇따라

•   매경: 서울 아파트 임대차 계약 10가구 중 4가구가 '반전세'

•   한경(P1): 산업현장 외면한 채…'탄소중립 과속 시나리오' 결국 확정

※   환경부: 2050 탄소중립을 위한 이정표 마련

•   한경: "탈원전 지속 땐 2050년까지 비용 1500조…전기료 120% 폭등"

※   전경련: ‘2050 탄소중립을 위한 합리적 에너지정책 방향’ 세미나

•   한경: 탄소 감축 이어 공시 의무까지…갈수록 커지는 기업 부담

•   한경(P1): '노태우 신도시' 재건축 시동…분당 시범단지 추진委 출범

•   한경(P1): "그린·디지털 인프라가 투자 1순위"

•   한경: 국민연금, 수소·2차전지 베팅…KIC, 데이터센터·헬스케어 투자 확대

•   한경: "세계 부동산 시장에 10년에 한 번 올 투자 기회 왔다"

•   한경: "코로나 이후 진정한 승자는 물류 섹터다"

•   한경(P1): 코로나 PCR 검사 유료화 검토

•   한경: 이자 낼 돈도 못 버는 기업 41% '사상 최악'

•   서경(P1): ESS 보조금에···4배 비싸진 태양광발전

•   서경: '솔라시도'서도 못맞춘 태양광 경제성..원전보다 11배 비싸

•   서경: 탄중위, 고용 증가 예상했지만...車·철강·조선은 인력감축 불가피

•   서경(P1): 이재용, 모더나 CEO와 담판···'백신 후순위' 뒤집었다

•   서경: 하락장에 베팅?···공매도 대기자금 40개월來 최대

•   서경: 3분기 실적 발표에 번지는 안도감···반·차 반등할까

•   서경: [단독] 중대산업재해 수사, 경찰 아닌 고용부가 전담한다

•   조선(P1): 중금속 오염장 된 새만금 태양광

•   조선(P1): [NOW] 전세 마련도 포기… 가계대출 조이기에 월세 낀 거래 40%로

•   조선: 커피·노트북, 심지어 임원까지… 구독합니다

•   중앙(P1): 미국 종전선언 입장 “순서·시기·조건, 한국과 다를 수 있다”

•   중앙: 원자재 대란에도 해외자원개발 외면…예산 10분의 1로

•   동아: 백신패스 예외 허용한다지만… “안맞아도 될 ‘의학적 사유’ 깐깐”

•   동아: [단독]정의선 귀국… “유럽에 전기차 판매 늘리겠다”

•   문화(P1): “韓경제 10년내 잠재성장률 0%대”

※   한경연: 위기의 한국경제, 10년내 제로(0)성장 현실화 가능성 고조

•   문화: 적자·노조리스크… 조선업계, 수주랠리에도 ‘울상’

•   한국(P1): "소득·재정주도→시장주도성장으로...탈원전·탈탄소도 급발진 조절해야"

•   국민(P1): 반도체 이어 배터리·AI·우주… 세계는 ‘미래시장 샅바전쟁’

•   서울: 불편한 현실 대신 메타버스로… 팬데믹이 ‘디지털 이주’ 앞당긴다

•   서울: 메타버스 세상, 지금도 확장 중… 부동산·금융 전부 바꾼다

•   경향(P1): 한은 “공급 병목 속 수요 늘면 물가 오름세 오래갈 듯”

※   한국은행: 우리나라와 미국의 주요 물가 동인 점검

•   머니투데이(P1): 22조 전기 증발 잡을 '꿈의 전선'…극저온 블루오션 '초전도 경쟁'

•   헤럴드경제(P1): 홍남기 샴페인? 부동산은 갸우뚱

•   파이낸셜뉴스(P1): 서울 매도 > 매수.. 집값 하락 시그널

•   파이낸셜뉴스(P1): 김 총리 "미래기술 핵심인 로봇 전폭지원"[2021 로보월드]

•   디지털타임스(P1): [기획] 산업경계 허물어 버린 포스트코로나

•   이데일리(P1): 국가 명운 달린 국가핵심기술…빠진 곳도 포함된 곳도 ‘불만’

•   연합: 오후 9시까지 1천928명, 어제보다 73명 많아…28일 2천명대 예상

•   연합: 국내 기업의 99.9%가 중소기업…근로자 비중은 82.7%

•   연합: "국가부채, 장기적으로 경제성장 저해…민감하게 고려해야"

•   뉴시스: 3분기 주식관련사채 권리행사 8054억…전기比 27.9%↓

•   더구루: 한전·삼성물산·두산중공업, 베트남 붕앙2 '마지막 석탄발전소' 착공

•   더구루: '두산중공업·현대건설 눈독' 쿠웨이트 도하 담수화플랜트 수주전 스타트

•   에너지경제: 與,국회 입법조사처·예산정책처 겨냥 "가짜뉴스 산실"…"탈원전 보고서' 논란

•   에너지경제: [탄소중립 기회와 도전] 르포=독일 "환경 파괴되면 문화도 붕괴...태양광 수소로 '그린레볼루션' 박차

•   전자신문(P1): LG화학, 도레이와 배터리 분리막 합작법인 설립

•   전자신문(P1): 반도체대전 개막…"소부장 혁신으로 생태계 강화"

•   전자신문: 태양광 업계, 한국형FIT '발전설비 거리 기준' 개정 우려

•   ZDNet Korea: "반도체 부족 심각"...스마트폰 재고 수준 4개월째 마이너스

[Opinions]

•   Project Syndicate(Peter Singer): Tax the Rich!

•   Project Syndicate(Gordon Brown): The G20's Vaccine Imperative

•   Project Syndicate(Werner Hoyer): Restoring Citizens' Trust on Climate Change

•   Project Syndicate(Andrew Sheng, Xiao Geng): The Tribalist Threat to Climate Action

•   FT(Editorial Board): Sunak starts to turn the page on austerity and the pandemic

•   FT(Editorial Board): Republicans try to have it both ways on Trump

•   FT(Martin Wolf): Reality bites as Tories embrace big-state, fiscal conservatism

•   FT(Robert Shrimsley): Rishi Sunak flags his distaste as he spends like a sailor

•   FT(Miles Johnson): Draghi’s presidency choice may temper investor enthusiasm for Italy

•   FT(Michael Stott): Latin America’s environmental villains dodge the COP26

•   FT(Amrita Sen): Embrace high fossil fuel prices because they are here to stay

•   WSJ(Daniel Henninger): The Incredible Shrinking Biden

•   WSJ(Karl Rove): The Senator Who Cried Debt Crisis

•   WSJ(Elbridge Colby): The Fight for Taiwan Could Come Soon

•   NYT(Thomas L. Friedman): Biden and Climate Change Have Reshaped the Middle East

•   NYT(Bret Stephens): America’s Crumbling Global Position

•   WP(Mohamed Zeeshan): India’s government made Kashmir even more dangerous for religious minorities

•   WP(Bruce M. Beehler): Climate change is not just a global threat. It’s also a local one.

•   Bloomberg(Daniel Moss): The Inflation Fight Could Easily Go Too Far and Hurt Fed Credibility

•   Bloomberg(Tyler Cowen): Inflation Isn’t Here to Stay, and Here Are Three Reasons Why

•   Bloomberg(John Authers): Stock Bubble Timing Entices Again With Tesla Topping $1 Trillion

•   Bloomberg(Marcus Ashworth): The Bond Market Needs Just One Thing From Lagarde

•   Bloomberg(Hal Brands): China Missile: Beijing Is Make the Same Mistakes as the Soviets

•   Bloomberg(Matt Levine): Billionaire Investors Are Worried About Oil Drilling

•   CNN(Jim Parrott, Mark Zandi): The housing crisis will continue if Congress fails to address its root cause

•   MarketWatch(Debbie Carlson): Coal returns from the dead to power the world as renewables fall short

•   Fox News(Lindsey Graham): Biden's presidency is a disaster for America

•   Global Times(Editorial Board): If the US wants to fight in UN, China will battle back

•   Caixin(Luo Zhiheng): Why China Is Trying Out a Property Tax