- Paul Manafort, Who Once Ran Trump Campaign, Told to Surrender (NYT)
- Russia Probe Puts Focus on Washington Research Firm (WSJ)
- Trump tax overhaul under intensifying fire as Congress readies bill (Reuters)
- House Tax Writer Gives Ground on a State and Local Tax Break (BBG)
- Work resumes normally in Catalonia as Spain enforces direct rule (Reuters)
- Russia Wields Oil Diplomacy, Pushing In on U.S. Interests (NYT)
- The Man Behind Moviepass’ 1,151% Rally Has Had 99% Wipeouts in the Past (BBG)
- China Bond Selloff Spreads to Stocks (BBG)
- John Boehner Unchained (Politico)
- U.S. regulator wants to loosen leash on Wells Fargo: sources (Reuters)
- Why Are Markets Rising? Investors Buy Every Dip (WSJ)
- Long-time Ally of Offshore Drillers Oversees Safety Agency (WSJ)
- Black lists matter: the betrayal of democratic liberalism (Medium)
- The Biggest Stock Collapse in History Has No End in Sight (BBG)
- Puerto Rico moves to cancel Whitefish power contract after uproar (Reuters)
- Spacey Apologizes Over Past Harassment (Reuters)
- Why Is the Government Giving Money to Dying Malls? (BBG)
- A Missing Piece of the Global Growth Jigsaw Starts to Fall Into Place (BBG)
- Iran fulfilling nuclear deal commitments: IAEA chief (Reuters)
Overnight Media Digest
WSJ
– The first defendants in a criminal investigation of Russia’s meddling in the 2016 presidential campaign could be taken into custody as soon as Monday, people familiar with the matter said, though the nature and target of the charges couldn’t be determined over the weekend. on.wsj.com/2yWFg3o
– Puerto Rico’s governor said Sunday he would cancel a $300 million reconstruction contract with a little-known Montana energy firm after the Federal Emergency Management Agency said it had “significant concerns” about the deal. on.wsj.com/2yWcjV4
– Strayer Education Inc is nearing a deal to merge with Capella Education Co, according to people familiar with the matter, a move that would create a for-profit education company valued at nearly $2 billion. on.wsj.com/2yVYc20
– General Electric Co executives didn’t notify the company’s board until this month about its regular flying of a spare business jet for its CEO, and it didn’t tell directors that GE had received an internal complaint about the practice several years ago, according to people familiar with the matter. on.wsj.com/2z3amIw
FT
Ahead of the autumn budget, Finance Minister Philip Hammond faces the prospect of either abandoning his fiscal targets or ignoring growing demands for more public spending, according to think-tank Institute for Fiscal Studies.
Law firm Stewarts Law is seeking to launch a legal challenge against HSBC Holdings Plc on behalf of small companies that allege they have lost money as a result of being unable to conduct business because their accounts were frozen by HSBC in attempts to crack down on anti-money laundering.
The UK government will hold back the 1 billion pounds ($1.31 billion) promised by Prime Minister Theresa May to the Democratic Unionist Party (DUP) ahead of imposing a budget on Northern Ireland where talks for a deal between the DUP and Sinn Fein to restore the region’s government are yet to materialise.
Canada
THE GLOBE AND MAIL
Canada Jetlines Ltd will begin operations with four planes next year instead of six as originally planned and has scaled back plans to start flying out of two airports in Southern Ontario. tgam.ca/2xxRg9L
Hunter Harrison, owner of CSX Corp, says there’s no truth to market speculation that his ill health is behind the arrival of a new operating chief and the departure of three executives. tgam.ca/2xymbTH
One of Vancouver’s tech entrepreneurs, Jeff Booth, abruptly resigned from BuildDirect.com Technologies Inc, the e-commerce company he co-founded 18 years ago and hoped would become the Amazon of heavy-duty home-improvement supplies. tgam.ca/2xyNP2C
Britain
The Times
British Treasury ministers were left in the dark about plans to alter UK listings rules in an effort to attract the potential 1 trillion-pounds-plus listing of Saudi Aramco to London amid intense competition to win the float, according to emails disclosed to the Times. bit.ly/2z30K0z
Pay for British-based partners at one of the world’s biggest accountancy firms, Ernst & Young, has swelled to nearly 680,000 pounds ($892,704.00) as the professional services industry enjoyed bumper revenues in spite of Brexit and political upheaval around the world. bit.ly/2z1xszb
The Guardian
The Bank of England is poised to raise interest rates this Thursday for the first time in more than a decade, raising the cost of borrowing for British households already hurt by an earnings squeeze. bit.ly/2z1k9Pr
Britain is on track for a budget deficit – the gap between government spending and tax receipts – to reach 36 billion pounds by 2021-22, more than twice the initial official forecast of 17 billion, according to the Institute for Fiscal Studies. bit.ly/2z3bhJ5
The Telegraph
Ontario Graphite, a Canadian graphite producer, is drawing up plans to capitalise on the electric car boom and raise 40 million pounds by listing in London later this week. bit.ly/2yVWkGN
The government’s triennial review of the UK’s betting industry is expected to act over fixed-odds betting terminals, known as the “crack cocaine” of gambling because they allow punters to stake as much as 100 pounds in a single 20-second flutter. bit.ly/2z310g3
Sky News
The former owner of Monarch Airlines has pledged to use part of any profit it makes from the collapsed airline to compensate taxpayers saddled with a 60-million-pound bill for flying holidaymakers back to UK. bit.ly/2z1koKl
The Independent
A rising number of British restaurants are at risk of going bust due to Brexit, according to new research from accountancy firm Moore Stephens that says 20 percent of restaurants, or 14,800 outlets, are threatened with closure
via http://ift.tt/2ieZvBm Tyler Durden