Business Intelligence Monitor 220302

(Introduction)

[Markets]

•   Global: Oil surges above $100 a barrel, stocks slide on Ukraine conflict

※   Traders remain squarely focused on Ukraine crisis

※   Stocks fall as sentiment remains poor

※   Bond markets trim rate hike expectations

※   Oil jumps back above $100 a barrel

•   Eurozone: Euro falls to lowest since June 2020 as Russia's invasion of Ukraine picks up

•   Russia: Ruble Extends Declines as Local, Offshore Markets Disconnect

•   Commodities: Commodities Jump Most Since 2009 as Ukraine War Threatens Supply

•   Metals: Aluminium nears record high as Russia-Ukraine conflict threatens supplies

•   Grains: Wheat hits near 14-year peak on Russia-Ukraine supply disruptions

•   Cryptocurrency: Bitcoin Demand Booms in Ukraine and Russia

[Indicators]

•   US Jan. Construction spending: US construction spending surges in January on homebuilding

•   US Feb. Manufacturing PMI(ISM): Ukraine War’s Impact on Manufacturers Is Foggy

•   Germany Feb. CPI: German Inflation Quickens More Than Expected on Spike in Energy Costs

•   Italy 2021 GDP: Italy’s economy bounces back after pandemic

•   China Feb. PMI: China Growth Pace Picks Up In Sign Stimulus Taking Effect

※   PMIs improve although smaller businesses still under pressure

•   India Feb. Power consumption: Power consumption grows 2.2 pc to 105.54 billion units in February

•   India Feb. GST collections: GST revenues up 18% to Rs 1.33 lakh cr in February as Omicron wave ebbs

•   Russia Feb. Manufacturing PMI: Russian manufacturing shrinks in Feb as new orders fall -PMI

•   Indonesia Feb. CPI: Indonesia CPI Eases as Subsidies Take Edge Off Commodities Rally

•   Southeast Asia Feb. PMI: Outlook Brightens for Southeast Asia Factories as Virus Eases

•   한국 2월 무역수지: 2월 수출 539억달러로 역대 2월 최고…무역수지 흑자전환

[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

•   FT: Inflation tracker: the latest figures as countries grapple with rising prices

•   CNN: Tracking America's recovery

•   Bloomberg: Global PMI Tracker

•   Bloomberg: The Covid Resilience Ranking

[News]

•   WSJ: Russia Targets Ukrainian Civilian Areas in Tactical Shift and Strikes Kyiv TV Tower

※   Moscow starts to bombard cities after failing to achieve a quick victory, temporarily disabling the broadcasting ability of Ukraine’s central TV channels

•   WSJ: As Russian Bombs Turn Kyiv Into a War Zone, Residents Scramble to Escape

•   WSJ: U.S. Rushes Arms to Ukraine as Russian Forces Escalate Attacks

•   WSJ: Western Sanctions Bite Russian Economy, but Pose Unpredictable Risks

•   WSJ: Russia Scrambles to Maintain Oil Sales, Lifeblood of Economy

•   WSJ: Biden Faces Pressure to Target Russia’s Energy Sector

•   WSJ: Why Does the U.S. Buy Russian Oil?

•   WSJ: Nord Stream 2 Gas Pipeline Lays Off All Employees

•   WSJ: As Russia Sanctions Intensify, Several Oligarchs Speak Out Against Ukraine War

•   WSJ: Russia Races to Protect Financial System From Barrage of Sanctions

•   WSJ: Russian Consumers Cut Off From Many Foreign Purchases

•   WSJ: Biden’s State of the Union Address to Highlight Economic Plans, Russia Sanctions

※   Democrats also hope president outlines a message his party can use in November midterm elections

※   White House: 2022 State of the Union Address

•   WSJ: U.S. Says It Is Realigning Its China Trade Policy

※   U.S. Trade Representative’s annual report promises to consider all possible tools to combat Beijing’s practices, but offers few details

※   USTR: USTR Releases 2022 President’s Trade Policy Agenda and 2021 Annual Report

•   WSJ: U.S., IEA Agree to Release 60 Million Barrels From Oil Stockpiles Amid Ukraine Turmoil

※   Decision comes as oil prices surge above $100 a barrel over worries about Russian crude production

※   White House: Statement by Press Secretary Jen Psaki on Coordinated IEA Release to Support Global Energy Security

•   WSJ: Ukraine Crisis Could Cause Fed Balance Sheet to Grow

•   WSJ: War in Ukraine Disrupts Ships Around the Globe

•   WSJ: Pfizer’s Covid-19 Vaccine Protected Kids During Omicron, CDC Study Finds

•   WSJ: Finland’s Drift Toward NATO Membership Accelerated by Russia’s Ukraine Invasion

•   WSJ: Hong Kong’s Covid-19 Measures Pressure Finance in Asian Financial Hub

•   WSJ: Companies Seize On March as a Moment to Reopen the Office

•   WSJ: Companies Try to Limit Salary Bumps and Focus on Perks Instead

•   NYT: Why Ukraine’s road to European Union membership will likely be long and winding.

•   NYT: Ukrainian Invasion Adds to Chaos for Global Supply Chains

•   NYT: Analysts say Russian convoy likely signals a shift to invasion strategy.

•   NYT: More U.S. states re-evaluate their financial ties to Russia.

•   NYT: Ukraine Invasion Increases Friction Between Erdogan and Putin

•   NYT: Russian Oil Not Worth the Trouble, Some Traders Conclude

•   NYT: War in Ukraine Has Investors Thinking About a Second Cold War

•   NYT: Supply problems linked to war in Ukraine hurt European car plants.

•   NYT: Chinese Company Removed as Operator of Cobalt Mine in Congo

•   NYT: These Climate Scientists Are Fed Up and Ready to Go on Strike

•   WP: Russia’s invasion began with precision missiles, but weapons are changing as siege war begins

•   WP: Biden lets European leaders take center stage on Ukraine

•   WP: Iran nuclear talks down to the wire against backdrop of global tensions

•   FT: Moscow to ban foreign investors from selling Russian assets

•   FT: Kyiv keeps wheels of state turning under Russian bombardment

•   FT: ‘They’ve turned it into hell’: disbelief at Russia’s Kharkiv onslaught

•   FT: Intelligence failures hamper Russia’s Ukraine mission

•   FT: What the Ukraine war means for the energy sector

•   FT: EU weighs cutting off Russian banks VTB and VEB from Swift

•   FT: Germany’s defence industry transformed by Scholz’s €100bn response to Ukraine crisis

•   FT: Euroclear shuts off exit route for rouble bond investors

•   FT: UK energy group ditches North Sea deal with Gazprom

•   FT: UK starts urgent review of exposure to Russian gas and energy groups

•   FT: Labour shortages and inflation: why UK labour relations are hotting up

•   FT: UK business groups call for tax breaks ahead of spring statement

•   FT: US focus on Ukraine stokes doubts about Biden’s commitment to Taiwan

•   FT: China ready to ‘play a role’ in Ukraine ceasefire

※   Shift in Beijing’s public position comes after call between Chinese and Ukrainian foreign ministers

•   FT: India sticks with Russia after Putin’s invasion of Ukraine

•   FT: S Africa judicial inquiry points to ‘widespread corruption’ under Zuma

•   FT: Global dividend growth set to stall in 2022

•   FT: Investors struggle to trade Russian assets as sanctions hit market plumbing

•   FT: Investors bet Ukraine crisis will slow pace of ECB and Fed tightening

•   FT: Ukraine war likely to delay interest rate rises, says Man Group chief

•   FT: Apple to suspend product sales in Russia over Ukraine invasion

•   FT: Total to review Russia business as pressure for exit builds

•   FT: World’s biggest shipping groups suspend Russian cargo bookings

•   Bloomberg: G-7 Finance Chiefs Ready for More Russia Action to Help Ukraine

•   Bloomberg: Putin Talks Ukraine and Oil With UAE Leader Before OPEC+

•   Bloomberg: The Chokehold on Russia’s Global Trade Is Tightening

•   Bloomberg: Biden Aide Says Oil Companies Can Up Production If They Want

•   Bloomberg: Summers Says ‘More Dangerous World’ Requires an FDR-Like Pivot

•   Bloomberg: U.S. Birth Rate Seen Returning to Pre-Covid Level as Virus Eases

•   Bloomberg: Powell Seeks to Reassure Lawmakers Fed Will Curb Hot Inflation

•   Bloomberg: Russian Invasion Pushes Europe Into New Era of Big Spending

•   Bloomberg: ECB Shouldn’t Exit Stimulus Before Gauging War Impact, Rehn Says

•   Bloomberg: U.K. Consumers Rein in Borrowing as Cost of Living Crisis Bites

•   Bloomberg: China Spy Think Tank Advising Xi Predicts Russia Sanctions Will Backfire

•   Bloomberg: China Leadership Gathers as Economic Challenges Mount: Q&A

•   Bloomberg: China’s Central Bank Says Policy Will be Responsive to Changes

•   Bloomberg: China Shunning Russian Coal With Banks Nervous Over Sanctions

•   Bloomberg: Latin America Not Suited to Pump More Amid $100 Oil, Russia Risk

•   Bloomberg: Argentina Reached a Deal With IMF Staff, President Says

•   Bloomberg: Russia Dusts Off 2008 Playbook With $10 Billion Ready to Buy Local Stocks

•   Bloomberg: War Risk, Liquidity Squeeze Spur Bets on a Less Aggressive Fed

•   Bloomberg: Growth Angst Shakes Markets Already Obsessed With Inflation Risk

•   Bloomberg: Global Rate Bets Evaporate as Traders Ditch Half-Point Fed Move

•   Bloomberg: Euro Traders Get Nervous Over Economic Blow From Ukraine Crisis

•   Bloomberg: Oil From Every Corner of U.S. Breaches $100 on Ukraine War Woes

•   Bloomberg: Oil Industry Stirs Blowback After Weaving War Into U.S. Lobbying

•   Bloomberg: OPEC+ Sees Smaller Oil Market Surplus Before Ministers Meet

•   Bloomberg: U.S. Breadmakers Fear Soaring Costs as Turmoil Hits Wheat Trade

•   Bloomberg: Ukraine Outsourcing Is a Major Part of Global Tech Supply Chain

•   Bloomberg: U.S. Expects Chinese Tech Firms to Help Choke Off Russia Supply

•   Bloomberg: Ford Tells JV Partners It’s Suspending Operations in Russia

•   Bloomberg: U.S. Is Learning That Renewable Energy Is ‘Safer’: Whitehouse

•   Bloomberg: Carbon Tumbles Most in Almost a Decade as War Spooks Investors

•   Bloomberg: After 139 Years of Coal Mining, Peabody Dips Toe Into Solar

•   Reuters: EXCLUSIVE Ukraine's Zelenskiy tells Russia "just stop the bombing" before more ceasefire talks

•   Reuters: Russia to move Far East troops closer to Europe - Ifax

•   Reuters: French minister declares economic 'war' on Russia, and then beats a retreat

•   Reuters: EU preparing for millions of refugees from Ukraine, commissioner says

•   Reuters: EXCLUSIVE MSCI says removing Russia from indexes 'natural next step'

•   Reuters: EXCLUSIVE Draft IAEA resolution on Ukraine condemns Russian invasion

•   Reuters: China plans sharp increase in overseas iron ore output by 2025 - state media

•   Reuters: Explainer: Europe and Ukraine's plan to link power grids

•   Reuters: Analysis: Who pays? UN climate report reignites global fight for compensation

•   Reuters: Analysis: Ukraine war won't deter Fed and Co. from March rate hikes

•   Reuters: Analysis: Getting rid of Russian assets a big problem for U.S. fund managers

•   AP: Reading Putin: Unbalanced or cagily preying on West’s fears?

•   SCMP: ‘Rock-sold support’: Taiwan hails American delegation as sign of ‘bipartisan consensus’ in US

•   SCMP: China’s private sector struggling with ‘common prosperity’, Covid-19 and financing; SOEs thrive

•   SCMP: Ukraine-Russia crisis tests Beijing’s desire to maintain ‘normal trade’ with both

•   SCMP: Ukraine invasion: Swift ban, sanctions cut Russian economy from the world. Will China’s yuan payment system offer a lifeline?

•   SCMP: China-Australia relations: Canberra to ‘robustly defend’ itself in WTO case after Beijing escalates tariff dispute

•   Caixin: Analysis: China’s CIPS Won’t Rescue Russian Banks From SWIFT Ban

•   Caixin: China's Property Market Gets Bleaker Despite Policy Support

•   Caixin: China’s Car Chip Supply Still Falling Short, Industry Official Says

•   Nikkei Asia: Bank of Japan board likely to be less dovish with new nominees

•   Nikkei Asia: Japan eases COVID border curbs, raises daily entry cap to 5,000

•   Nikkei Asia: China's 5G network to reach 2m base stations this year

•   Construction Equipment: Construction Will Need 650K More Workers This Year

•   DIGITIMES: NAND flash supply falling short of demand

•   Robotics Business Review: Torque sensors help make human/robot collaborations safer for workers

•   Robot Report: FANUC adds 3 models to CRX cobot series

•   매경: 중대법 '공사 기준 50억' 혼란…원청업체만 독박

•   매경: [단독] SW 결함으로 자율차 사고 땐 완성차 CEO가 중대법 처벌 대상

•   매경: "러시아 기업들이 돈 안줘요"…한국 수출기업들 피해 눈덩이

•   매경: "러 MSCI 퇴출땐 반사효과…韓증시 4조~8조 유입 기대"

•   매경: 코로나에 절반 줄었던 관광적자…여행 정상화땐 경상수지 악재로

•   매경: "어! 진짜 전기차 등장했네"…모빌리티쇼 뺨쳤던 MWC

•   매경: [단독] 탄소중립위, 출범 1년만에 재편되나

•   매경: "공급망이 산업정책 핵심 부상…美선 백악관이 직접 챙겨"

•   매경: 이재용도 구광모도 꽂혔다…삼성 LG "500조 차 전장 시장 잡아라"

•   매경: "코스피, 빠져도 너무 빠졌다"…3월에 기지개 펼 종목은

•   매경: [한국에서 가장 존경받는 기업] ESG경영 강화한 기업 흥했네…고객 "리스펙!"

•   한경(P1): 올 종부세 대상 주택 58만채…70% 늘어난다

•   한경: [단독] "강북 사는 나도?"…올해 서울 5채 중 1채는 종부세 낸다

•   한경(P1): 현대·기아 전기자동차, 美·유럽 평단 석권

•   한경: 스텔란티스·GM 제치고…현대차그룹, 세계 4위 올라섰다

•   한경: 현대차 다음 타깃은 전기차 1% 미만 일본…아이오닉 5·넥쏘 출격

•   한경: 원유의존 1위·수출주도 경제…한국, 글로벌 인플레에 유독 취약

•   한경: LPG ㎏당 60원 오르고 아이스크림도 인상 행진

•   한경: 1월 물가상승률 3.6%라지만…실제론 더 심각한 인플레

•   한경: 韓銀, 연내 기준금리 2~3회 올릴 듯

•   한경: 정부, 뒤늦은 러 제재 동참에…애꿎은 기업들 피해

•   한경: 한은 "고령화로 2035년까지 가계소비 해마다 0.7% 감소"

•   한경: 中企 "코로나 극복 위해 주52시간 개선돼야"

•   한경: ESG 소홀땐 신용등급 깎인다…건설·정유·시멘트 업계 '긴장'

•   한경: 日 기옥시아 사고로 가격 줄인상…삼성·SK하이닉스 낸드 '반사이익'

•   한경: "탄소 절감"…MWC도 ESG 열풍

•   한경: 안경에 렌즈 붙이면 내비·통역…"중국 제품이 달라졌다"

•   서경(P1): 우크라 '후폭풍'…현대차 러 공장, 5일까지 올스톱

•   서경: '전략물자 수출 금지' 겹치면…현대차그룹 4500억 손실 우려

•   서경(P1): '국세 3대축' 흔들…연초부터 稅收 확보 비상

•   서경: 부동산稅 급감에 증권거래세도 반토막…"감액추경 해야 할 판"

•   서경: 300조·266조 공약 내세우고…"세금 깎아주겠다"는 李·尹

•   서경: 美조야 "러 제재 미온적, 韓 어리석다"…동맹 신뢰 뿌리째 흔들 [view&insight]

•   서경: 美 실망에 뒤늦게 제재 나선 韓…러 국고채 투자 금지한다

•   서경: "집값은 오르고 대출은 막히고"…2년 만에 서울 거래 60% 규제

•   서경: 서울 거주자 타지역 아파트 매입 '뚝', 지방 거주자 서울 매입은 '쑥'

•   조선(P1): 신규확진 첫 20만명 돌파

•   조선: [단독] 우리나라 가계의 원리금 상환 부담 5년 새 17% 늘었다

•   조선: 중산층 주택 구매력, 역대 최저

•   조선비즈: “머리카락 수만분의 1 초미세공정 어렵네”… 반도체 ‘나노 경쟁’ 한계 부딪힌 삼성·TSMC

•   동아: [대담]“예측불가 푸틴, 러 전문가도 멘붕” “韓늑장외교에 존재감 상실”

•   동아: 올 들어 증시 종목 40%, ‘52주 최저가’ 갈아치워

•   동아: [DBR/Management Solution]‘스스로 목표 설정’ OKR, 구글 키운 핵심 비결

•   한국(P1): '위드 오미크론' 실험 첫날 … "이렇게 풀어도 되나" 혼란

•   한국: 삼성전자·통신사 뛰어든 메타버스 경쟁…XR시장 판세 바뀔까

•   한국: PC·노트북 '뇌'도 모바일 칩으로 바뀐다... 속 타들어가는 인텔·삼성전자

•   세계(P1): 방역패스 중단, 접종 이유 사라졌다…“집단면역 달성 약속 거짓말 돼”

•   세계: 중대재해·스톡옵션 먹튀 막아라… 기업 이사회가 바뀐다 [심층기획]

•   한겨레: 무인 주문과 픽업·로봇이 햄버거 서빙…비대면 시대 ‘푸드테크’는 진화 중

•   머니투데이(P1): 러·우크라 연락두절…"2배값 달라"는 미중 배짱에 맘급한 반도체

•   파이낸셜뉴스(P1): 서초 아리팍 올해 공시지가 39% 오른다[공시가 30% 급등 예고]

•   파이낸셜뉴스: "작년 공시가 적용은 해결책 아냐" 대선용 시한부 대책에 시장 냉담[공시가 30% 급등 예고]

•   파이낸셜뉴스: "올 세금 동결? 내년엔 2년치 폭탄"… 반발 커지는 집주인들[공시가 30% 급등 예고]

•   파이낸셜뉴스(P1): 우크라發 에너지 대란…'서민 연료' LPG값 급등

•   파이낸셜뉴스: '애플 독주' 태블릿 시장, 삼성·화웨이 반격 시동 건다

•   디지털타임스(P1): 국내 가상자산 시총 55조… 투자자 80%이상 20~40대

•   디지털타임스: 제조·서비스업 中企 23.3% 코로나 확진자 발생

•   이데일리(P1): 이재명·김동연, ‘통합정부·개헌’ 합의…대선후보 단일화 수순

•   이데일리(P1): 우크라 사태의 교훈…"한국 '모호한 외교' 안 통한다"

•   이데일리: [단독]중대재해법·노동이사제…李 "확대해야", 尹 "신중해야"

•   이데일리: "유가 100달러 지속땐 韓경제 지탱 못해…비축유 미리 풀어야"

•   이데일리: 두산 떠난 박용만 “생긴대로 살자, 제2막 정한 것 없어”

•   뉴시스: "이제와서 다시 하라니"…두산重 등 원전 기업들 '멘붕'[뒤집힌 탈원전③]

•   에너지경제: [팩트체크] 文 "원전, 60년간 주력 전원?"…"전력기본계획 수정 없인 불가능"

•   에너지경제: RE100시장, 녹색프리미엄 쏠림…"재생E 확대·온실가스 감축 효과 없다"

•   전자신문: 두산중공업, 270MW 가스터빈 실증...중장기 성장 사업 박차

[Opinions]

•   Project Syndicate(Jean Pisani-Ferry): Will the Climate Agenda Unravel?

•   Project Syndicate(Kevin Rudd): Kevin Rudd Says More…

•   Project Syndicate(Michael Spence): Will Russia's War Spur Trade Diversification?

•   Project Syndicate(Orville Schell): Putin and Xi's Imperium of Grievance

•   Project Syndicate(Joseph S. Nye, Jr.): Nuclear Deterrence After Ukraine

•   Project Syndicate(Peter Singer): From Munich to Moscow

•   Project Syndicate(Sławomir Sierakowski): Who's the Nazi?

•   FT(Editorial Board): The shock and awe of sanctions on Russia

•   FT(Martin Wolf): Putin has reignited the conflict between tyranny and liberal democracy

•   FT(Robert Armstrong): How I got Russia wrong

•   FT(Alistair Milne): Iran’s experience signals banning Swift will not work as expected

•   FT(Daniela Schwarzer): Germany’s foreign policy shift is about more than Ukraine

•   FT(James Kynge): Russia’s invasion of Ukraine leaves China facing a difficult balancing act

•   FT(Lex): Cheniere Energy: long-term bet on US natural gas pays off

•   WSJ(Editorial Board): The Economic Price of Putin’s Invasion

•   WSJ(Editorial Board): A Global Ukraine Scorecard

•   WSJ(Editorial Board): Germany’s Climate Left Gets Serious

•   WSJ(Walter Russell Mead): Biden Needs a ‘Pivot’ to the World

•   WSJ(William A. Galston): Scholz and Biden Stand Tall Against Russia

•   WSJ(Mark Hannah): The U.S. Shouldn’t Interfere While Putin Loses in Ukraine

•   WSJ(Phil Gramm, Mike Solon): Peace Through Strength Requires Economic Freedom

•   WSJ(James Bacchus): Boot Russia From the WTO

•   WSJ(Steven F. Hayward): Reagan Bounced Back After 1982. Can Biden?

•   NYT(Paul Krugman): Russia Is a Potemkin Superpower

•   NYT(Michelle Goldberg): Why Ukrainians Believe They Can Win

•   NYT(Mary Elise Sarotte): I’m a Cold War Historian. We’re in a Frightening New Era.

•   NYT(Michael J. Puma, Megan Konar): What the War in Ukraine Means for the World’s Food Supply

•   NYT(Adam Tooze): Can the West Stop Russia by Strangling Its Economy?

•   WP(Editorial Board): The world must take urgent measures to adapt to climate change. But that won’t be enough.

•   WP(Max Boot): Thank goodness Biden, not Trump, is president during the worst European crisis since 1945

•   WP(David Von Drehle): Zelensky and the West have called Putin’s bluff. Let’s not waver now.

•   WP(Greg Sargent): Five vile things Trump did to Zelensky and Ukraine that you forgot about

•   WP(Charles Lane): Russia may or may not conquer Ukraine. It has definitely lost Germany.

•   WP(Daniel W. Drezner): What is the plan behind sanctioning Russia?

•   WP(James M. Acton): How to prevent nuclear war: Give Putin a way out

•   WP(Christine Adams): Can economic sanctions end a war?

•   WP(Katrina vanden Heuvel): We must end the war on Ukraine — and put an end to perpetual wars

•   WP(Sebastian Mallaby): War in Ukraine has created a new financial weapon in the West

•   Bloomberg(Bloomberg Opinion): One Year, 14 Metrics: The State of Biden’s Presidency

•   Bloomberg(Daniel Moss): Markets Have a Thin Safety Net After Russia's Invasion of Ukraine

•   Bloomberg(Liam Denning): Switch to Clean Energy May Mean Subsidizing the Dirty Kind

•   Bloomberg(Lionel Laurent): Ukraine Flies the Flag for a More Assertive Europe

•   Bloomberg(Matt Levine): Nobody Wants Russian Assets

•   Bloomberg(Javier Blas): Six Things You Need to Know About the Russian Oil Shock

•   MarketWatch(Peter Zeihan): Energy disruptions are now inevitable and most likely imminent — here are all the ways that could happen

•   Fox News(Judith Miller): Ukraine and Putin: Russian leader is not crazy, he's consistent

•   Fox News(Tim Scott): Biden's energy strategy helps Putin and hurts Americans

•   Fox News(Rebeccah Heinrichs): Putin's nuclear threats in Ukraine war – here's how US, allies must respond

•   Fox News(Rick Perry): Ukraine crisis: US must lead again on energy before it is too late

•   Reuters(Jamie McGeever): Ukraine crisis re-focuses world investment themes