- Clinton Foundation’s Fundraisers Pressed Donors to Steer Business to Former President (WSJ)
- Democrats ask judge to sanction Republicans over Trump (Reuters)
- Inside the Trump Bunker, With 12 Days to Go (BBG)
- U.K. Growth Shows an Economy Resilient to Brexit (BBG)
- Qualcomm to buy NXP Semiconductors for about $47 billion including debt (Reuters)
- OPEC May Need Help to End the Global Oil Glut (BBG)
- Russia denies its warships will join Aleppo bombardment (Reuters)
- Deutsche Bank Posts Surprise Profit on Trading Jump, Cost Drop (BBG)
- Barclays Posts 35% Jump in Profit on Bond-Trading Revenue (BBG)
- At Iraqi village, victory is fraught with risks in Mosul offensive (Reuters)
- EU puts more Syrian military, senior officials under sanctions (Reuters)
- Belgium Agrees Deal to Back EU-Canada Trade Pact (BBG)
- Twitter to Cut Workforce as Revenue Growth Slows (WSJ)
- Tsipras Attacks Greek Court After Judges Cry Foul Over Sex Leak (BBG)
- Harvard Endowment Called ‘Lazy, Fat, Stupid’ in Internal Report (BBG)
- Goldman’s Multifactor Robots: A Post-Human Guide to Investing (BBG)
Overnight Media Digest
WSJ
– Federal investigators have launched a probe into whether U.S. companies linked to a Chinese billionaire illegally avoided punitive import tariffs on Chinese aluminum, according to people familiar with the investigation. http://on.wsj.com/2eLixgW
– The offering for ZTO Express, which delivers parcels for e-commerce giants like Alibaba Group Holding Ltd and JD.com, is the largest IPO in the U.S. this year. http://on.wsj.com/2eTqMWD
– Fifteen Democratic senators urged federal regulators to strengthen proposed rules governing Wall Street pay practices, saying the recent scandal at Wells Fargo & Co underscored the need to hold executives accountable for misconduct. http://on.wsj.com/2eTntPc
– Two chief fundraisers for the Clinton Foundation pressed corporate donors to steer business opportunities to former President Bill Clinton as well, according to a hacked memo published Wednesday by WikiLeaks. http://on.wsj.com/2ex9aTN
– The Pentagon on Wednesday said it has suspended its efforts to collect repayment of re-enlistment bonuses from service members and war veterans who received them erroneously, announcing a series of steps to quell a swiftly developing furor. http://on.wsj.com/2eSSP9X
– Greece’s ruling Syriza party suffered a major blow on Wednesday night when judges struck down its plan to revamp Greece’s media sector, after a weekslong power struggle that produced allegations of blackmail and “fascist” methods. http://on.wsj.com/2eSqqRu
– The Brazilian Supreme Court’s 11 justices voted 7-4 that early-age retirees who continue to work and to contribute to the pension system can’t ask for an increase in payouts, a possibility the government argued was against the Constitution. http://on.wsj.com/2eHP09S
FT
– A second strong earthquake in as many hours hit central Italy on Wednesday night, raising fears of injuries and damage in areas of the country just north of where nearly 300 people died in a similar shock in late August.
– In an attack on the record of predecessor Ratan Tata, Cyrus Mistry claimed his dismissal as ‘illegal’ and said that five of Tata Group’s major businesses faced asset writedowns worth $18 billion.
– Russia cancelled a planned refueling stop for its warships in the Spanish port of Ceuta amid fears in NATO that the battle group could be used using it to escalate the bombardment of Aleppo.
– The Bank of England’s Prudential Regulation Authority asked large British lenders to detail their exposure to the biggest Italian Banks including Banca Monte dei Paschi and Deutsche Bank, amid concerns over Europe’s financial sector
NYT
– Microsoft Corp, based in Redmond, Washington, on Wednesday, unveiled a desktop personal computer that turns into a digital drafting table. Surface Studio, as the new device is called, is the company’s first desktop PC, and a reminder of Microsoft’s growing presence in the hardware side of the industry that it once left entirely to its partners. http://nyti.ms/2dMDp4P
– The makers of the Auvi-Q, an EpiPen alternative taken off the market last year, announced on Wednesday that they would bring it back in 2017. The move is certain to be welcomed by many patients and lawmakers, who have denounced the rising price of EpiPens and the lack of strong competition. http://nyti.ms/2dME86b
– This week Bank of America Corp, MasterCard Inc and several financial start-ups announced new tools – known as chatbots – that will allow customers to ask questions about their financial accounts, initiate transactions and get financial advice via text messages or services like Facebook Messenger and Amazon’s Echo tower. http://nyti.ms/2dMCOQR
Britain
The Times
GlaxoSmithKline Plc has collected a 1 billion pound windfall from the collapse in sterling, making it one of the biggest winners since the EU referendum. bit.ly/2fhamM1
Lloyds Banking Group Plc has set aside a further 1 billion pounds to cover payment protection insurance mis-selling as it hopes to draw a line under the scandal. bit.ly/2fhaMlz
The Guardian
Dong Energy, the biggest windfarm operator in the UK, is considering selling its oil and gas business, four decades after it was set up to manage Denmark’s North Sea oilfields. bit.ly/2fh6M4y
City regulator Financial Conduct Authority has said it is keeping a close watch on algorithmic traders of the type that may have been connected with the flash crash in the pound earlier this month. bit.ly/2fh92IS
The Telegraph
Metro Bank Plc has shrugged off the Brexit vote to win more customers and boost lending, taking it to the cusp of reporting its first profit. bit.ly/2fhcfbz
British Airways has agreed to a new deal to close the 2.8 billion pound pension gap by 2027. The company signed a deal with the trustees of its pension scheme which will allow for dividend payments to IAG. bit.ly/2fh9Dur
Sky News
RBS Bank of Scotland Group Plc has held fresh discussions with a group of institutional investors aimed at settling one of several outstanding cases against the bank that in total could cost it well over 4 billion pounds. bit.ly/2fhcBPx
Ofcom has fined Vodafone Group Plc 4.6 million pounds over a series of failures in its UK business, including its handling of customer complaints.
The Independent
The boss of Tesco Plc has warned customers to brace themselves for prices rises as Britain negotiates its way out of the EU. ind.pn/2fhbCyH
The CBI is urging the Chancellor to ratchet up government infrastructure spending by 6 billion pounds in next month’s Autumn Statement to help the UK through the economic turbulence created by June’s Brexit vote. ind.pn/2fhdOpX
via http://ift.tt/2eTQ1cR Tyler Durden