Welcome to The Daily Intel, a roundup of exclusive news and analysis from S&P Global Market Intelligence, curated by our journalists.
Apple warning lays bare global dependence on Chinese supply chains
Even though the coronavirus outbreak has mostly been contained to China, it is affecting the financial performance of major companies worldwide through supply chain disruptions.
Apple's Feb. 17 admission of iPhone supply constraints was the first hard evidence of a significant impact on a major global company, while other firms including Volkswagen AG and Microsoft Corp. have said the outbreak could limit their ability to meet customer demand.
Banks wary of rule change that could give nonbank mortgage lenders FHLB access
U.S. banks are sounding the alarm over a proposed rule change would open the Federal Home Loan Bank system to REITs and other nonbank entities, citing these lenders' lack of capital and regulation.
Pending China bank IPOs face dimming prospects amid virus outbreak
The new coronavirus outbreak is likely to slow the progress of 16 Chinese banks lined up to go public, most of which are city and rural commercial banks.
Are fintechs and challenger banks using Brexit as an excuse to leave the UK?
Two European banks said Brexit is why they left the U.K. market, but some observers are not buying it. "For some firms, Brexit may be the occasion to review whether it is worth continuing to operate in the U.K. rather than the cause," a researcher said.
Metals and Mining
Miners' space-race collaboration to boost talent pool, supplier diversity
Australian mining companies, along with the Western Australia government, launched a consortium to harness their technology to explore Mars and mine water from the moon.
Advent, Insight Partners kick off 2020 with 2 large cybersecurity plays
Private equity players Advent International Corp. and Insight Venture Management LLC struck deals worth a total of $3 billion to take cybersecurity companies private in the first two months of the year.
Energy and Utilities
EDF awaits restructuring to free up cash for green expansion
Tackling a huge debt pile, the French utility conglomerate Electricité de France SA is pressing forward with a plan to break up into "Blue EDF" and "Green EDF" segments, with the latter a publicly traded renewables-focused company.
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