wiar 01-04-18

Mary FanslauWhat I Am Reading

Jan 04 (Thursday)

Markets
As ‘Mifid’ Regulations Roll Out, Bond Volumes Fall (W)
Investor relief at smooth launch of Mifid II (FT)
ETF providers hope Mifid II will spur European growth (FT)
OPEC Holds Production Steady as Compliance Exceeds Promised Cuts (B)

Central banks
Fed Minutes Reveal Uncertainties Over Tax Cuts (W)
Fed board unsure of boost from Trump tax cuts (FT)

US
Manufacturing in the U.S. Just Accelerated to Its Best Year Since 2004 (B)

Europe
Upstart Parties Write New Political Playbook in Europe (W)
Berlin deadlock stymies Macron’s eurozone plans (FT)

Japan
Japan Inc: a corporate culture on trial after scandals (FT)

China
The Cashless Society Has Arrived—Only It’s in China (W)
China, Moving to Cut Emissions, Halts Production of 500 Car Models (N)

Emerging
Petrobras to Pay $2.95 Billion to Settle U.S. Corruption Suit (W)

US politics
Two New Democratic Senators Take Oath (W)
Trump Says Bannon ‘Lost His Mind’ After Leaving White House (B)

US tax reform
American Express Sees $2.4 Billion Earnings Hit From Tax Bill (B)
Cuomo Plans to Sue U.S. Government Over State Tax Break Change (B)

Geopolitics
North and South Korea Test Hotline, Signaling Thaw (W)
Foreign Firms Rush Washers, Solar Panels Into U.S. Amid Trade Fears (W)

Industries & companies
Autos: Ford, GM Sales Beat Estimates (B)
FANGs: Apple Battery Replacement May Mean 16 Million Fewer iPhones Sold (B)
Financials: The New Floor for Bond Underwriting Fees: $1 (W)
Media: Hollywood Had a Terrible 2017 (B)
Pharma: Drug Firm Will Charge $850,000 for Vision-Loss Gene Therapy (W)
Tech: Verizon, Samsung Will Team Up to Bring Faster 5G to California (W)
Tech: Intel Says Broad Range of Chips Vulnerable to Hack, Denies ‘Bug’ (B)

Corporate finance
How Much Can Buybacks Rise on Tax Cuts? This Estimate Says 70% (B)
Ant-Moneygram’s Demise Spells the End for China-U.S. Deal Making (W)
Spotify Files to Go Public With Direct Listing, Cutting Out Underwriters (W)

Technology
How an A.I. ‘Cat-and-Mouse Game’ Generates Believable Fake Photos (N)

Offbeat
Massive Winter Storm May Bring Snow From Florida to Canada (B)
Deep Freeze in U.S. Creates Heating Squeeze for Homeowners and Utilities (N)