Links 2 February 2018

Global Macro / Markets / Investing:

• David Einhorn’s Greenlight Capital Lost 6% in January – WSJ
• Digital Coins Tumble in January – Bloomberg
• Microsoft’s cloud computing business grows, stock edges up – Reuters
• Bond Selloff Sends Ripples Through Corporate-Debt Market – WSJ
• Bitcoin Is the New Gold – Bloomberg
• Davos Elites Still Don’t Get Blockchain – CoinDesk
• Rise of Bitcoin Futures Prompts Regulator to Revisit Hands-Off Approach – WSJ
• Blackstone’s Biggest Deal in Decade Led by 3-Month-Old Firm – Bloomberg
• Bitcoin is heading for its biggest monthly decline since January 2015 – CNBC
• Worries Grow That the Price of Bitcoin Is Being Propped Up – NY Times
• Samsung Cashes In on Chips to Hit Another Record Profit – WSJ
• Blaming “globalisation” for inequality just lets national governments off the hook – Prospect
• Tesla Slashes Yields on New Bonds as Buyers Can’t Get Enough – Bloomberg

Americas:

• New Fiscal Worry: Too Much Short-Term Borrowing as Deficit Climbs – WSJ
• NAFTA and the Future of U.S.-Canada Relations – Council on Foreign Relations
• Trump just got the perfect chance to make good on one of his big State of the Union promises – Business Insider
• California’s other drought: A major earthquake is overdue – The Conversation
• For Health Care Workers, the Worst Commutes in New York City – NY Times
• ’A travesty’: 20% of Puerto Rico still lacks water as FEMA ends hurricane aid – USA Today
• Trump Tax Plan a $190 Billion Boost to U.S. Oil, Study Finds – Bloomberg

Europe:

• Banking crisis, bail-ins and money holdings: Lessons from Cyprus – VOX
• Brussels standoff over markets regulator – Politico
• Morgan Stanley Boosts Dublin, Frankfurt, Paris Offices on Brexit – Bloomberg
• The Leaked Brexit Analysis Shows How Cutting EU Immigration Will Hit The British Economy – BuzzFeed
• Germany Reaches Limit of Support for Macron’s Europe Plans – Bloomberg
• Minister set to denounce Theresa May in shock move that could trigger her downfall – The Sun

Asia:

• Banking crisis, bail-ins and money holdings: Lessons from Cyprus – VOX
• Xerox Deal With Japan’s Fujifilm Leaves Two Big Investors With Doubts – WSJ
• Japan’s Line messaging app to launch cryptocurrency exchange – FT
• China Needs to Quicken AI Adoption in the Real Economy, Xi Says – Bloomberg
• Powerful Ally of Xi Jinping Makes Political Comeback in China – NY Times
• Japan’s Cryptocurrency Whiz Kid Faces $530 Million Reckoning – WSJ

Trans-Tasman:

• New bill would make Australia worst in the free world for criminalising journalism – The Conversation
• Calls for use of medicinal cannabis as codeine restrictions come into force – Canberra Times
• Kevin Rudd is taking legal action against the ABC for the Cabinet Files breach – Twitter
• UN cautions Australia over welfare policies – ABC
• Foreign money and Turnbull millions: discover the donors that helped the Liberals win the election – ABC
• ASIO moves to secure classified cabinet files held in ABC offices in early morning operation – ABC
• Big surge in opposition to Adani, new polling reveals – Brisbane Times
• Coal lobby ads biggest third-party political expenditure in Australia – The Guardian
• Personal bankruptcies up 6.1pc in 2017 – ABC
• A Company Charging Migrants For Unpaid Job Trials Called A Top Union Body To Offer Them Interns – BuzzFeed
• Council tells ratepayers to ‘minimise’ recycling as Chinese ban bites – The Age
• Is life in Australia really getting more expensive?  – SBS
• Sydney, Melbourne property prices slip again in January as lending rules bite – The SMH
• The Vegan activists who staged a protest in a Melbourne steakhouse has vowed to hold similar protests “once a month” – News.com.au
• Labor considering options to peg minimum wage to median income – The Guardian
• Housing market cools in Auckland, Waikato, Wellington Canterbury & Otago – Interest.co.nz
• PM Jacinda Ardern: ‘We did this’ – Interest.co.nz