- China shares hit seven-month high; world yields keep falling (Reuters)
- Dollar pinned down by easing Fed rate hike expectations (Reuters)
- Russia says oil market talks with Saudi developing (Reuters)
- Secret Ledger in Ukraine Lists Cash for Donald Trump’s Campaign Chief (NYT)
- The No-Pivot Election: Clinton and Trump Make No Policy Concessions (BBG)
- Democrats Brace for More Leaks From Hackers (WSJ)
- Huma Abedin’s Overlapping Jobs Renew Focus on Clinton Conflicts (BBG)
- Search at New York’s JFK airport finds no signs of gunfire (Reuters)
- Banks’ CoCo Bond Payouts Gain Greater Protection in EU Proposals (BBG)
- One person shot, officer injured in second night of Milwaukee protests (Reuters)
- Prices of UK homes for sale see biggest fall in 9 months in August (Reuters)
- In Bangladesh Cyberheist, Strange Requests, Odd Misspellings and Little Scrutiny by Fed (WSJ)
- Give us EU visa freedom in October or abandon migrant deal, Turkey says (Reuters)
- Saudi King Orders One Month Pay to Front Line Personnel in Yemen (BBG)
- Hillary Clinton’s Free College-Tuition Plan Coming Up Short on Specifics (WSJ)
- This Basically Anonymous Fund Manager Oversees $800 Billion (BBG)
- Reward Offered in NYC Imam Slaying as Families Seek Answers (BBG)
- One wounded in Cologne attack; no sign of terrorism (Reuters)
- Mexico’s Richest Man Wants a Three-Day Workweek (BBG)
Overnight Media Digest
WSJ
– Two websites whose operators are believed to have ties to the Russian government now serve as portals for leaking sensitive information about the Democratic Party and its supporters. http://on.wsj.com/2bw1cut
– Wisconsin Governor Scott Walker declared a state of emergency in Milwaukee on Sunday and activated the state’s National Guard, a day after violence erupted in the city spurred by the fatal police shooting of an armed man following a traffic stop. http://on.wsj.com/2bw2ZQ7
– Google parent Alphabet Inc is rethinking its high-speed internet business after initial rollouts proved more expensive and time consuming than anticipated, a stark contrast to the fanfare that greeted its launch six years ago. http://on.wsj.com/2bhBuW8
– Private-equity firm TPG has agreed to buy cable-television providers RCN and Grande Communications for about $2.25 billion including debt. http://on.wsj.com/2bwkU9x
FT
– A consortium led by 8 Miles has bought a minority stake in Nigerian biscuit maker Beloxxi for $80 million in a deal described as a bet on the company’s ability to meet the rising demand of the consumer class.
– PwC is being sued for $5.5 billion for failing to detect fraud that led to a bank collapse during the global financial crisis. The case, the biggest against an auditing firm, had been filed in a Miami state court.
– UKspace, the trade body for the space sector, has written to Science Minister Jo Johnson, of the need to see that UK retains its place as a key supplier and beneficiary of the 10 billion euros Galileo programme, which is funded entirely by the EU.
NYT
– Twitter is in talks with Apple to bring the Twitter app to Apple TV, which would potentially let millions of Apple TV users watch the streaming NFL games. http://nyti.ms/2aUYcI6
– Handwritten ledgers show $12.7 million in undisclosed cash payments designated for Donald Trump’s campaign chairman Paul Manafort from former Ukrainian President Viktor Yanukovych’s pro-Russian political party from 2007 to 2012, according to Ukraine’s newly formed National Anti-Corruption Bureau. http://nyti.ms/2aUYNJL
– The Treasury’s schedule of financing this week includes Monday’s regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday. http://nyti.ms/2aUYChQ
Canada
THE GLOBE AND MAIL
** Canada’s national home prices rose 2 percent in July, the second-largest jump since Teranet-National Bank began tracking the market through its house price index in 1999. Overall home prices were up nearly 11 per cent from the same period last year. In a trend that has dominated much of the year, prices soared in Toronto and Vancouver, along with neighbouring Hamilton and Victoria, while sinking in Alberta, Quebec and the Atlantic provinces. (bit.ly/2bhjaiy)
NATIONAL POST
** Five years after Alberta raised a record-setting $3.5 billion at auctions of provincially owned oil and gas drilling rights, sales are on pace this year to set a historic low – part of a downward trend seen across Western Canada. Through the first seven months of this year, companies invested just over $75 million for the right to drill for oil and gas on Crown land, according to the provincial Energy Department.
If sales continue at the same pace through the balance of 2016, they will add up to about $125 million – more than $100 million less than any annual figure in records going back to 1978 when the province adopted a scheduled sales process.(bit.ly/2bhjJZP)
** The Commissioner of Complaints for Telecommunications Services (CCTS) ejected Vois Inc from its organization last week for failing to heed its binding decision to repay its customers. This puts the company in violation of Canadian Radio-television and Telecommunications Commission (CRTC) regulations that require participation with the complaints-handling body. It’s not clear what sort of penalty Vois will ultimately receive in a case that tests how much clout Canada’s telecom watchdogs actually have to stop companies from ignoring their rules. (bit.ly/2bhkO3R)
Britain
The Times
– DS Smith, the provider of specialist packaging for Amazon and fast-moving consumer goods groups, has already diverted tens of millions of pounds of investment out of the UK to a new plant near Frankfurt. CEO Miles Roberts is to meet David Davis, secretary of state for exiting the European Union, to urge the minister to keep British manufacturing within the single market of trade and labour mobility. http://bit.ly/2aWtyds
– The Serious Fraud Office’s criminal investigation into bribery and corruption allegations at Airbus is certain to broaden into an international inquiry by the US Department of Justice, a senior lawyer has warned. Airbus has admitted failing to provide full disclosure on its use of middlemen – third-party agents who smooth sales in emerging markets. http://bit.ly/2aWtYAA
The Guardian
– Large shareholders in Sports Direct are considering voting against the reappointment of the company’s chairman and other directors at next month’s annual general meeting in a bid to force change at the top of the embattled chain. http://bit.ly/2aWtM4i
– London could bear the brunt of a post-Brexit vote downturn, according to economic indicators in the weeks since the EU referendum pointing to job cuts, falling house prices and a decline in business activity in the capital. http://bit.ly/2aWw1Ex
The Telegraph
– The bosses of European and American corporate giants will be called to Westminster to give evidence about how the UK can beef up its defences against foreign takeovers and potentially bring employee representative on boards. http://bit.ly/2aWweIb
– BHS workers have accused the retailer of holding them “to ransom” after threatening long-serving staff they will lose redundancy pay if they leave while repeatedly pushing back notice dates. It has also emerged that liquidators Hilco are using BHS’s remaining 57 open shops to clear thousands of pounds worth of non-BHS goods, including Denby China – which is owned by Hilco – in a move staff branded “bizarre and insulting”. http://bit.ly/2aWvWB0
Sky News
– British Home Stores’ flagship branch on London’s Oxford Street has closed for the final time, with all of the troubled chain’s remaining outlets to shut by next Saturday. http://bit.ly/2aWw7MG
The Independent
– Deliveroo will now give workers the chance to opt out of what it claimed was a pilot scheme that pays 3.75 pounds per delivery rather than the current terms of 7 pounds an hour and 1 pound per delivery. It will also guarantee at least 7.50 pound an hour and petrol for those who continue to participate, following protests by hundreds of delivery riders in London. http://ind.pn/2aWwIOd
via http://ift.tt/2aU7m1u Tyler Durden