Business Intelligence Monitor 211105

(Introduction)

[Markets]

•   Global: Global stocks mixed after weak banks earnings, oil reverses gains

•   Hong Kong: Kaisa Shares Plunge to Record, Bonds Slump on Renewed Concern

•   Metals: Aluminium prices plunge as China ramps up coal production

•   Grains: Wheat, corn, soy sag as traders await US crop report

•   한국: 미국 FOMC 발표 속 코스피 0.25% 상승…2,983.22로 마감

•   한국: 中원전 150기 건설…한전기술·두산重 급등

•   한국: 두산그룹주 상승 우세, 두산 14%대 급등 두산중공업 6%대 뛰어

[Indicators]

•   Global Oct. Food prices: From Wheat to Vegetable Oils, Food Prices Climb 3% Near Record High

•   OECD Sep. CPI: Energy Costs Push Inflation to 13-Year High in OECD: Chart

•   US Q3 Productivity: U.S. Productivity Falls Most Since 1981, Damped by Slower Growth

•   US Sep. Balance of trade: U.S. Trade Deficit Hits Fresh Record on Goods Demand, Higher Inflation

•   US Weekly Jobless claims: Jobless Claims Extend Drop Toward Levels Seen Before Covid-19

•   Eurozone Sep. PPI: Euro zone producer prices make record jump in September

•   Germany Sep. Factory orders: German Factory Orders Rebound on Higher Demand From Abroad

•   UK Benchmark rate: Bank of England backs off from immediate interest rate rise

※   BoE: Bank Rate maintained at 0.1% - November 2021

※   FT: BoE governor struggles with his messaging on monetary policy

•   UK Oct. Construction PMI: UK construction sector peps up unexpectedly in October - PMI

•   한국 8월 경제활동인구조사: 코로나로 고용원 둔 자영업 사장님 6만명 줄어 ‘역대 최저’

•   한국 주간 아파트 가격(부동산원): 대출 규제에 금리 추가인상 우려까지, 서울 아파트값 상승 주춤…매물도 늘어

[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: Biden’s Vaccine Mandate Means Millions of Workers Must Get Shots by Jan. 4 or Test Weekly

※   While requirements are described as necessary to curb pandemic, they have drawn opposition from many Republicans

※   White House: Fact Sheet: Biden Administration Announces Details of Two Major Vaccination Policies

•   WSJ: OSHA Vaccine Mandate and the Biden Administration: What to Know

•   WSJ: Biden’s Covid-19 Vaccine Mandate Divides U.S. Companies, Like the Country

•   WSJ: Pelosi Pushes House Toward Votes on Infrastructure, Social-Spending Bills

•   WSJ: China, India and Other Developing Nations Seek $1.3 Trillion a Year in Climate Finance

•   WSJ: Why Financing the Multi-Trillion-Dollar Transition to Net Zero Isn’t That Hard

•   WSJ: OPEC, Russia Stick to Gradual Oil Production Boost

※   Producers reject U.S. pressure to boost output faster and ease prices

•   WSJ: The Great Labor Shift, Explained in One Chart

•   WSJ: Inside the World’s Most Blatant Covid-19 Coverup: Secret Burials, a Dead President

•   WSJ: North Korea Can Make More Uranium for Nuclear Bombs Than Previously Thought

•   WSJ: Inflation Debate Hangs Over Stock Market’s Record Run

•   WSJ: Moderna Cuts Covid-19 Vaccine Sales Forecast for 2021

※   Moderna Inc. has encountered supply challenges for its Covid-19 vaccine

•   WSJ: Toyota Profit Zooms Past Chip Shortage

•   WSJ: Looking for a Less Thrilling Ride Than Tesla? Try a Good Ole’ Toyota

•   WSJ: For Meta, the Metaverse Isn’t So Extra

•   WSJ: Hertz Will Have to Wait for Teslas, Just Like Other Buyers

•   WSJ: VW CEO Makes EV Pledge as Labor Leaders Criticize Pace of Transition

•   NYT: Over 40 Countries Pledge at Climate Summit to End Use of Coal Power

※   The United States did not agree to stop coal development at home but promised to halt overseas funding of oil, gas and coal.

※   COP26: Global Coal to Clean Power Transition Statement

•   NYT: Will the newly vaccinated in the U.S. be protected for the holidays? The calendar is tight.

•   NYT: Center of Italy’s Anti-Vaccine Protests Is Now a Covid Hot Spot

•   NYT: Iran Seizes an Oil Tanker, but Whose Tanker Is Disputed

•   WP: Vulnerable nations send SOS as climate targets slip out of reach

•   WP: The world doesn’t spend nearly enough preparing for climate disasters, U.N. report says

※   UNEP: Adaptation Gap Report 2021

•   WP: Global carbon budget shows emissions have spiked almost back to pre-pandemic levels

※   ESSDD: Global Carbon Budget 2021

•   WP: The Federal Reserve is overwhelmingly White. Biden is being pushed to appoint Black members to its board.

•   WP: India says it will reach net-zero emissions by 2070. Can renewables meet the growing demand of more than 1 billion people?

•   WP: Even as U.K. pledges to phase out coal power, it’s considering its first new coal mine in 30 years

•   WP: Joe Manchin suggests we’re a center-right country. Here’s what the data show.

•   WP: Biden’s claim that Nobel winners say his plan would ‘reduce inflation’

•   FT: IEA warns Paris climate target at risk as US and China shun coal pact

※   IEA: COP26 climate pledges could help limit global warming to 1.8 °C, but implementing them will be the key

•   FT: Merck’s Covid pill Lagevrio secures green light from UK regulator

※   First authorisation for antiviral drug that halves risk of hospitalisation or death

•   FT: COP26: oil price soars even as the world turns against fossil fuel

•   FT: German arguments over next finance minister echo beyond its borders

•   FT: Energy crisis: How does Europe get its gas?

•   FT: EU should put the brakes on its chips strategy

•   FT: UK talks with France fail to solve post-Brexit fishing dispute

•   FT: A poisonous backdrop for talks

•   FT: Post-Brexit rows send jitters through UK financial sector

•   FT: Do the maths on Mark Carney’s $130tn net zero pledge stack up?

•   FT: COP26 forests pact frays as Indonesia calls it ‘unfair’ days after signing up

•   FT: China’s coal miners commit to cut prices after state intervention

※   Lower prices aimed at easing domestic energy crisis cause ‘chaos’ for global markets

•   Bloomberg: Scientists Find Gene That Doubles Risk of Dying From Covid-19

•   Bloomberg: U.S. Seasonal Job Postings Reach Record of Almost 1 Million

•   Bloomberg: Tax Hikes in House Social Spending Bill Total $1.48 Trillion

•   Bloomberg: The U.S. Ship Bottleneck Shows No Sign of Easing

•   Bloomberg: House Bill Lets Cities Tap Federal Aid for Infrastructure

•   Bloomberg: Wages Are Going Up: Record Number of Small Biz Say They Plan to Raise Pay

•   Bloomberg: Europe Is Covid Epicenter Once Again Amid Case Surge, WHO Says

※   Covid hospitalizations have more than doubled in one week

•   Bloomberg: Covid-19 Infections in England at Highest Level Yet, Study Finds

•   Bloomberg: Budget Hawk Lindner Likely to Be Next German Finance Minister

•   Bloomberg: China Premier Urges Policy Fine-Tuning as Economic Woes Mount

•   Bloomberg: China Fortifies Beijing as Covid Outbreak Continues to Swell

•   Bloomberg: Top China Editor Says Covid Zero Perks May ‘Gradually Diminish’

•   Bloomberg: China’s Developer Bond Slump Deepens as Selling Spreads Onshore

•   Bloomberg: Evergrande Bondholders Eye Founder’s Assets: Yacht, Planes, Mansions

•   Bloomberg: China Says Pentagon’s Nuclear Report ‘Disregards Facts’

•   Bloomberg: Mystery of China’s Huge Dollar Surplus Baffles Global Markets

•   Bloomberg: Under-Fire Ramaphosa Is Still ANC’s Best Bet in South Africa

•   Bloomberg: Pfizer Vaccine Effective Against Delta in South African Study

•   Bloomberg: Brazil Parties Push to Reverse Fiscal Rule Change in New Vote

•   Bloomberg: Mexico Ruling Party Sees AMLO Power Bill Approved by April

•   Bloomberg: Rate Hike Bets Are the Battleground for Traders After Fed

•   Bloomberg: Saudi Wealth Fund Moves Step Closer to Direct China Stock Deals

•   Bloomberg: Goldman Says OPEC+ and U.S. Tension to Boost Oil Volatility

•   Bloomberg: China's Retreat From Diesel Market Has Consumers Seeking Suppliers

•   Bloomberg: Strategic Global Release of Crude Hangs Over OPEC+: Oil Strategy

•   Bloomberg: Carbon Market Talks Stumble at COP26 on How to Use the Cash

•   Bloomberg: A Material Thinner Than Human Hair Could Slash Carbon Emissions

•   Bloomberg: Africa Wants Climate Finance Boost as Rich Nations Miss Target

•   Bloomberg: Extreme Weather Seen Spurring Divergence in European Ratings

•   Bloomberg: U.S. Ethanol Maker Eyes Low-Carbon Sugar as Its ‘Moonshot’

•   Reuters: WHO says reserve COVID-19 boosters for immunocompromised

•   Reuters: No decrease in effectiveness if COVID-19 jab and flu vaccine is taken together - WHO

•   Reuters: Virginia loss highlights some Democrats' uncertainty over Biden strategy

•   Reuters: China's Xi warns on protectionism, calls for unimpeded vaccine trade

•   Reuters: China's daily coal output near annual high, govt continues crackdown on irregularities

•   Reuters: BOJ Kuroda signals no mood to rush stimulus exit even as Fed tapers asset buying

•   Reuters: China's Lenovo says global chip shortage to persist as profit jumps

•   Reuters: Analysis-As Fed kicks off taper, some investors seek to dial down risk

•   AP: Supply chain delays disrupt California agriculture exports

•   AP: Analysis: After tough election, Biden dismisses danger signs

•   CNBC: Gap between renewable energy and power demand: oil, gas, coal needed

•   CNBC: Why Qualcomm’s supply issues are ‘in the rear view’ during a global chip shortage

•   MarketWatch: Here’s the first U.S. city to cut gas and oil for all-electric, on the path to zero carbon emissions

•   Fox News: China mocks 'powerless' Biden over climate summit 'apology'

•   Fox Business: Supply chain crisis triggers a 'renaissance of American manufacturing'

•   SCMP: Xi Jinping vows to address trade practice concerns as China seeks to join Comprehensive and Progressive Agreement for Trans-Pacific Partnership

•   SCMP: China’s debt-to-GDP ratio falls again, but pace of deleveraging eases as economy falters

•   SCMP: The growing problem of Covid-19’s ‘long-haulers’ a global challenge

•   SCMP: China’s Delta outbreak spreads to two more provinces, with 87 new cases

•   SCMP: Chinese solar panel maker LONGi Green says detainment of its products at US border has had no major impact on operations

•   Global Times: Indian firms absent from CIIE, as other foreign companies eye deals

•   Nikkei Asia: Shift from coal to biomass sparks new Asian alliance

•   reNews: European energy sector to miss net zero target

•   MINING.com: Top 10 mines with world’s most valuable ore

•   For Construction Pros: Bobcat UW56 Toolcat Utility Work Machine

•   For Construction Pros: Where Does Biden's Infrastructure Bill Stand?

•   DIGITIMES: Taiwan pure-play foundries see profitability outperform international peers

•   Robotics & Automation News: Universal Robots’ latest results are ‘a strong indication of growth to come’, says president

•   Dronelife: Doosan’s Hydrogen Drone: DS30W Next Gen Model Released

•   매경(P1): 카카오, 네이버 매출 첫 추월

•   매경(P1): "가뜩이나 없는 청약, 더 줄어드나"…민주당 '대장동법'에 쏟아지는 우려

•   매경: "졸속 입법땐 주택공급 크게 위축"

•   매경(P1): "거품 경고 끊임없지만 비싼 자산은 더 오를것"

•   매경: 내년엔 금융·건설株 뜬다…수출株 투자는 주의

•   매경: 한미, 원전수출 같이하자더니…동유럽서 '각자도생'

•   매경: "내년 전셋값, 올해보다 더 오를 수도"

•   매경: [Money & Riches] '친환경' 투자가 돈 되네…ESG가 ETF 판 흔든다

•   한경(P1): 요소수 '쇼크'…온라인 배송 멈추고 매대 물건 사라진다

•   한경: 택배차 1주일, 탱크로리 한달내 요소수 바닥…'물류 마비' 초읽기

•   한경: 정부, 뒤늦게 "요소수 사재기 강력 단속"…뾰족한 대책은 없어

•   한경(P1): 대치 미도·여의도 시범…'오세훈표 재건축' 추진

•   한경: 인허가 기간 단축, 사업 자율성 보장…서울 8만가구 공급 '숨통'

•   한경: "아시아·유럽 시장을 주목하라…향후 3~5년간 미국보다 유망"

•   한경: 한은 "시장안정 필요하면 국고채 사들이겠다"

•   한경: 與 "반도체·배터리 특별 지원…난임시술 세액공제도 늘린다"

•   한경: 현대차·美SES "차세대 배터리로 판 바꾼다"

•   한경: 조선업계 '도크 재가동' 눈치싸움

•   한경: "내년 국내 ICT산업 성장세 꺾일 것"

•   서경(P1): 7대 주력업종 "한치 앞도 안보인다"···비상경영 돌입

•   서경: "내년 투자·고용계획 손도 못대"···4분기부터 실적 '먹구름'

•   서경: A급 이하 회사채 벌써부터 외면···强달러땐 항공·정유 환차손 우려

•   서경(P1): SK온, 3조 들여 中에 배터리 공장 추가 건설

•   서경(P1): '3자 결제도 허용' 정부·국회 규제에 한발 물러난 구글

•   서경: "금리인상, 경기 회복에 찬물"···속도조절론 꺼낸 KDI

※   KDI: [KDI 현안분석] 민간부채 국면별 금리인상의 거시경제적 영향

•   서경: 文정부 5년 적자국채 300조 넘는데···추가 세수로 지원금 주자는 이재명

•   서경: 임기내내 탈원전 외친 文, 헝가리선 "필요"···靑 "그게 아니라" 진땀

•   서경: "실수요 위주 공급"···잔금 대출 옥죄는 시중은행

•   서경: 뛰는 금리에···채권 헤지 대차잔액 107조 사상 최대

•   조선: 文, 이번엔 체코에 ‘한국원전 우수성’ 강조… 野 “바다만 건너면 입장 달라져”

•   조선: ‘위드 코로나’ 확진자 급증세, 정부 예측보다 빠르다

•   조선: [박건형의 뉴스 저격] 탄소중립 구현할 ‘인공 태양’, 치열해지는 핵융합 선점 경쟁

•   조선: [WEEKLY BIZ] ‘반짝인기’에 불과했나 비트코인 ETF 식어가는 열기

•   조선: [WEEKLY BIZ] 3D 프린터로 완벽한 요리… 손맛보다 낫더라

•   조선: [WEEKLY BIZ] 10년내 세계 중산층 절반,아시아에 거주한다

•   조선: [WEEKLY BIZ] 미국 압도한 중국산 AI… 결정적 무기는 ‘14억 인민의 빅데이터’

•   조선비즈: [단독] 대기업 계열사, 친환경車 비중 22% 맞춰야…산업부 규제로 400억원대 비용 부담 발생

•   조선비즈: “기름값 올랐다”… 커지는 해외 건설 수주 기대감

•   조선비즈: 애플, 맥북에 OLED 탑재 만지작… 삼성·LG, 기술 경쟁 치열

•   동아(P1): [단독]18세이하 청소년도 ‘방역패스’ 적용 검토

•   동아: 수입품 10개 중 3개꼴, 특정국 의존도 80% 넘어

•   동아: 국채금리 오르자 이틀새 또 2조원 긴급상환

•   동아: 전경련 “대-중견기업 진입 막은 산업, 외국기업 반사이익”

•   문화(P1): 탈원전 표리부동, 독재자와 민주 운운…文 또 망신 외교

•   문화: LG, 로봇시장 진격… 호텔·편의점·경마공원 누빈다

•   한국(P1): "35년 차가 막내, 외국인 직원도 못 구해" 뿌리산업, 뿌리째 흔들린다

•   세계: [단독] 한노총 ‘주4일제’ 검토 요구… 대선공약 힘 받나

•   세계: “코로나 치료제 수입보다 국산 사용승인 필요”

•   한겨레: 6년간 합의 못한 파리기후협정 이행규칙 1개 뭐기에

•   머니투데이(P1): "대우조선 사려면 LNG선 덜 팔아라"...현대重 조건부승인 가닥

•   머니투데이: 수소 다음은 '이것' 오일뱅크, 덴마크 손잡고 이퓨얼 개발 나선다

•   아시아경제(P1): '탄소중립'이 쏘아올린 고철값

•   아시아경제: [로봇이 온다]②배달로봇이 자동차라고요?

•   이데일리: 'C를 어찌할고'…내년 경영계획 수립 애먹는 대기업들

•   이데일리: 마그네슘 대란에 EU '비상', 韓 '뒷짐'…車경량화 소재 차이

•   연합: 오후 9시까지 전국서 2천38명 확진…5일 2천400명 안팎 예상

•   연합: 김동연, 정의당 찾아 '붕어빵론' 설파…"기득권깨기 힘 합치자"

•   뉴시스: 두산중공업 "두산건설 지분매각 검토…확정된 바 없어"

•   더구루: 한수원, 폴란드에 '총 8.4GW 규모' 원전 6기 공급 제안…"기술 전수"

•   에너지경제: [이슈분석] 文정부 탄소중립 재정투입 실효성 논란…"마중물 투자" vs "밑 빠진 독 물 붓기"

•   전자신문(P1): 해외 반도체 기업, 美에 정보 넘겼다

•   전자신문(P1): [단독]기아, 광명서 'EV7' 생산...전기차 생산기지로 전환

•   전자신문: [이슈분석]폐기 앞둔 8만대 '코나' 전기차 배터리 "재사용이 대안"

•   전자신문: [이슈분석]'배터리 재사용', 후방산업 앞당길 기회

•   전자신문: 삼성전자, 글로벌 5G 스마트폰 3위..."내년엔 선두권 경쟁"

•   전자신문: 발전기 대규모 계획예방정비 돌입...공급예비력 여름 수준으로

•   물류신문: 기획특집 3. 물류, ESG를 말하다.

[Opinions]

•   Project Syndicate(Koichi Hamada): What Will Fumio Kishida Do?

•   Project Syndicate(Sania Nishtar): Climate Policy Is Social Policy

•   Project Syndicate(Lilyana Pavlova): Toward European Green Cohesion

•   Project Syndicate(Erik Berglöf): The Greening of Global Value Chains

•   FT(Gillian Tett): The green transition may depend on auditors

•   FT(Edward Luce): US and China must heed Kissinger’s stark warnings

•   FT(Martin Sandbu): The Scottish currency question

•   FT(Tommy Stubbington): The Fed: nothing between the lines

•   FT(John Redwood): Inflation is one thing not in short supply

•   FT(Pierre Andurand): Windfalls for heavy industry in EU carbon scheme are a moral hazard

•   WSJ(Andrew I. Fillat, Henry I. Miller): Nuclear Power Is the Best Climate-Change Solution by Far

※   Its total greenhouse-gas emissions are 1/700th those of coal—and one-fourth those of solar.

•   WSJ(Joseph C. Sternberg): Today’s Historic Summit Agreements Don’t Have Much of a Future

•   WSJ(Allysia Finley): California Is the Supply Chain’s Weakest Link

•   WSJ(Tom Cotton): Russia Is Biden’s Next Foreign-Policy Test

•   WP(Editorial Board): What is Biden waiting for? Renominate Jerome Powell already.

•   WP(Editorial Board): By lifting some of Trump’s European tariffs, Biden prepares for competition against China

•   WP(John F. Kerry): The Glasgow climate summit has already achieved success. But time is running short.

•   WP(Jennifer Rubin): How Democrats can get their act together

•   WP(Josh Rogin): Our climate change strategy can’t be dependent on China

•   WP(Daniel W. Drezner): The new age of managed trade?

•   Bloomberg(Editorial Board): Stablecoin Report Shows Regulators How to Head Off Crypto Disaster

•   Bloomberg(Mark Gongloff): Electric Cars Aren't As Green As You Might Think

•   Bloomberg(Daniel Moss): Central Bank Hawks Were Supposed to Take Center Stage. What Happened?

•   Bloomberg(Tyler Cowen): The Coming Teleshock Will Transform the U.S. Economy

•   Bloomberg(John Authers): Powell Dodged a Bond Market Taper Tantrum With Suspicious Ease

•   Bloomberg(Liam Denning): OPEC+ Isn’t a Cartel, But It Isn’t a Regulator Either

•   Bloomberg(Karl W. Smith): SALT Deduction Cap: Democrats Go to Bat for the Wealthy

•   Bloomberg(Therese Raphael): U.K. Approves Merck Covid Drug Molnupiravir to Fill In Where Vaccines Can’t

•   Bloomberg(Leonid Bershidsky): Putin Offers False Comfort to Western Conservatives

•   Bloomberg(Mark Buchanan): COP26: Climate Change Accounting Leaves Out Natural Capital

•   Bloomberg(Mark Gilbert): Don’t Drive Dirty Businesses Into the Financial Shadows

•   Bloomberg(Stephen Mihm): Currency History, Regulation and Crypto’s Future

•   Bloomberg(Tae Kim): Chipmakers Are Sending a Warning About the Economy

•   Bloomberg(Amanda Little): COP26: Biden's Methane Pact Is Agriculture's Big Moment

•   CNN(Gad Levanon): If the labor shortage continues, the US economy won't be able to recover

•   매경(사설): 원전 없이 탄소중립 가능하다더니 헝가리선 왜 딴소리 나왔나

•   한경(사설): 외국 나가선 "원전없이 탄소중립 불가"…기막힌 모순

•   조선(사설): 원전 관련해 文도 상식 있는 줄 알았던 헝가리 대통령

•   중앙(이현상): 계륵이 된 탈원전

•   동아(이지홍): 전력시장 설계, 원점에서 재검토해야

•   한겨레(서복경): ‘NDC 폐기’는 기후공약이 아니다

•   파이낸셜뉴스(사설): 세계는 친원전인데 文정부만 거꾸로 가나

•   헤럴드경제(최상현): 탄소중립을 위한 현실적 고민

•   아시아경제(정동욱): 탄소중립 위한 COP26, 말잔치로 끝나나