- Iraq forces seize Kirkuk outskirts in advance on Kurdish-held territory (Reuters)
- Iraq-Kurd Fighting Threatens to Undo Anti-ISIS Coalition (WSJ)
- Oil rises as fighting escalates in Iraq’s oil-rich Kirkuk (Reuters)
- Madrid moves towards direct rule over Catalonia (Reuters)
- Spain Signals It Will Suspend Catalan Self-Rule This Week (BBG)
- Central Bankers Cling to Stimulus Amid Weak Inflation (WSJ)
- White House pitches corporate tax cut as win for workers (Reuters)
- White House Says Corporate Tax Cut Would Boost Wages $4,000 (BBG)
- GOP Tax Plan Would Make Mortgage Break Irrelevant (WSJ)
- Congress to Tackle Health Care Again (WSJ)
- Death toll from Somalia bomb attacks tops 300 (Reuters)
- Yellen Calls Inflation the ‘Biggest Surprise’ in the Economy (BBG)
- Wildfire Victims Had Only Seconds to Make Fateful Choices (WSJ)
- Merkel: Strong result for Austria’s FPO ‘big challenge’ for other parties (Reuters)
- Nafta Talks Left Reeling After Aggressive U.S. Proposals Land (BBG)
- The Crash of ’87, From the Wall Street Players Who Lived It (BBG)
- Kobe Steel Scam Hits Planes, Trains, Automobiles (BBG)
- A ‘Crazy’ Stock Market Is Punishing Sellers (BBG)
- Corruption case against U.S. Senator Menendez may fall apart (Reuters)
- Irish Brace as ‘Life-Threatening’ Ophelia Set to Slam Coast (BBG)
- Pope implicitly criticizes U.S. for leaving Paris climate accord (Reuters)
- May Heads to Brussels to Break Brexit Deadlock (BBG)
- Trump hostility set to deepen Iran power struggles (Reuters)
- Kushner Plan for Fifth Avenue Tower Is Being Blocked by Partner (BBG)
- Old Wall Street Is Losing the Battle Beneath the Surface of ETFs (BBG)
- Croatian police detain six former executives at Agrokor (Reuters)
Overnight Media Digest
WSJ
– The U.S. Senate this week will grapple with President Trump’s decision to stop making subsidy payments to health insurers, with lawmakers seeking a deal that would keep the money flowing while Republicans try to fold in conservative-oriented priorities. on.wsj.com/2gdbLBN
– Iraqi forces clashed with fighters from the Kurdish semi-autonomous region in the oil-rich province of Kirkuk early Monday, Iraqi and Kurdish officials said, in a standoff over Kurdish independence that threatens to unravel a multinational coalition battling Islamic State. on.wsj.com/2gdqfS7
– The death toll from twin bombings in capital Mogadishu climbed above 200 over the weekend, making it one of the deadliest attacks in the country. on.wsj.com/2gclb0d
– U.S. officials defended President Donald Trump’s refusal to certify the 2015 Iran nuclear agreement, saying the country threatens global stability even while technically complying with the accord itself. on.wsj.com/2gdC5vG
– Blackstone Group is pushing aggressively into products for retail investors, betting it can raise as much from them over the long term as it does from the institutions that form the main source of its $371 billion of assets. on.wsj.com/2gcC2jA
– Food-service giant Aramark Corp plans to acquire two closely held companies for a total of $2.35 billion, in its largest deals since going public nearly four years ago. on.wsj.com/2gc5vdo
– Harvey Weinstein saw fallout from sexual assault allegations increase over the weekend, including fresh investigations in London, as the producer was expelled from the Academy of Motion Picture Arts and Sciences. on.wsj.com/2gb95EO
FT
British Prime Minister Theresa May spoke to Angela Merkel on Sunday urging the German Chancellor to bring to an end the stand-off over Brexit during this week’s European Union summit.
Young conservative star Sebastian Kurz is on track to become Austria’s next leader after an election on Sunday, but his party is far short of a majority and likely to seek a coalition with the resurgent far right.
National Economic Council director Gary Cohn said on Sunday he sees a “major risk” evolving in clearing houses. Looking at future financial risks, “this is where we should spend some time,” Cohn said
Uber Technologies Inc’s food delivery service UberEATS accounted for about 10 percent of the ride-services company’s global gross bookings in the second quarter, which implies a gross turnover of $700 million to $870 million, according to sources.
NYT
– Germany’s largest opposition party, The Social Democrats appeared likely to retain power in an important state election on Sunday that could sway the balance of power in Berlin and stymie efforts to strengthen oversight at Volkswagen , which dominates the region’s economy. nyti.ms/2gco2Gr
– Amazon Inc is sweeping the nation’s capitol, Washington D.C. with a branding campaign of jobs creation and support for small businesses, promoting the upsides of its major expansion in media, groceries and transportation. nyti.ms/2gekzY0
– “Happy Death Day”, the latest microbudget movie from Blumhouse Productions, the Universal Pictures-affiliated studio behind runaway original hits such as “Split” and “Get Out”, arrived to a strong $26.5 million in ticket sales in North America. nyti.ms/2geht6z
Britain
The Times
– Russia is funding Taliban military operations against NATO in Afghanistan through a covert programme of laundered fuel sales, the Times has learnt from members of the militant group and Afghan officials. bit.ly/2xHw6p7
– British Prime Minister Theresa May will fly to Brussels on Monday for emergency talks with European leaders to break the impasse on Brexit. bit.ly/2glxZFt
The Guardian
– Hillary Clinton embarked on a speaking tour of Britain with a message that the Brexit referendum was won on the basis of a big lie and warning that Vladimir Putin, the Russian president, has been conducting a “cyber cold war” against the west. bit.ly/2hIqF3n
– A powerful cross-party group of members of parliament is drawing up plans that would make it impossible for Prime Minister Theresa May to allow Britain to crash out of the European Union without a deal in 2019. bit.ly/2kQl1kz
The Telegraph
– A report backed by the National Health Service Confederation suggests that tens of thousands of British pensioners living in Europe could be forced to return home if the government is unable to strike a deal with the European Union to continue existing healthcare arrangements. bit.ly/2xHcdmV
Sky News
– Ireland and large parts of UK are on alert as the remnants of Hurricane Ophelia brings gusts of up to 80 miles per hour from the Atlantic. bit.ly/2yqgevi
– UKIP’s new leader Henry Bolton has called for Britain to aim for zero net migration to stop the country being “swamped”. bit.ly/2ykgJr1
via http://ift.tt/2zduo03 Tyler Durden