- G20 a success for China, but hard issues kicked down the road (Reuters)
- Apple’s New iPhones Arrive, as Glow Fades (WSJ)
- Philippines scrambles to soothe tensions after insult to Obama (Reuters)
- CNN: Nine weeks out, a near even race (CNN)
- More Records Releases Loom for Hillary Clinton (WSJ)
- Clinton rejects Mexico invitation after Trump’s diplomatic ruckus (Reuters)
- Behind the 1MDB Scandal: Banks That Missed Clues and Bowed to Pressure (WSJ)
- Turkish air strikes hit 12 targets in north Iraq: military (Reuters)
- Hanjin Shipping parent raising funds to unload stranded cargo (Reuters)
- Junk Debt Getting Crowded (WSJ)
- Ailes hires Hollywood libel lawyer to take on New York magazine (FT)
- Japan’s Central Bank Should Wait for the Fed, Abe Advisor Says (BBG)
- Bayer sweetens Monsanto bid as talks enter final stretch (Reuters)
- China Is About to Get Serious With Bad Debt (BBG)
- Enbridge to Buy Spectra Energy in $28 Billion Deal (WSJ)
- Libor Surge Reverberates All the Way to China’s Currency Market (BBG)
- California Court Case Opens Door for Pension Benefit Reductions (BBG)
- SpaceX Blast Threatens to Leave NASA in a Bind (WSJ)
- China’s pension funds under pressure with rising payments: Xinhua (Reuters)
- Obama says North Korea sanctions must be implemented after missiles fired (Reuters)
Overnight Media Digest
WSJ
– Suspected ringleaders of Malaysia’s 1MDB scandal allegedly cultivated bank executives, pressed compliance officers and obsessed about secrecy. http://on.wsj.com/2cCq8kJ
– Apple Inc on Wednesday will introduce new versions of its flagship smartphone, but they likely won’t include the kind of significant new features that Apple consumers have come to expect every other year. http://on.wsj.com/2c0i4EC
– Thousands of pages of Hillary Clinton’s official records are set to be released in coming weeks, testing the Democratic presidential candidate as she looks to maintain her advantage in the final two months of the campaign. http://on.wsj.com/2cmjUkn
– Bayer AG raised its offer to buy Monsanto Co and create a new global leader in seeds and pesticides, though the German firm said the higher price depended on achieving a “negotiated transaction.” http://on.wsj.com/2cfkJOu
– High-yield corporate bonds have been a hot investment in 2016. Now, some investors are fretting that the debt may have gotten too popular. http://on.wsj.com/2c758iM
– Growing populist forces shook Europe’s pillar of stability this weekend, as an unprecedented defeat for Chancellor Angela Merkel’s conservatives in Germany signaled more political tumult across the continent. http://on.wsj.com/2cmm5V1
– General Motors Co settled the final two ignition-switch cases slated for trial in a New York federal court this year, moving the Detroit auto maker closer to clearing remaining legal hurdles stemming from a safety defect linked to 124 deaths. http://on.wsj.com/2c63ZI7
FT
Bayer AG said it was in advanced talks with Monsanto Co over a merger and said it would sweeten its offer for the U.S. seeds producer.
Roger Ailes has hired the Hollywood libel lawyer who recently represented former pro wrestler Hulk Hogan and would-be first lady Melania Trump to take on New York magazine after the publication ran an expose about his tenure at the helm of Fox News.
Volkswagen AG faces claims that it broke consumer protection laws in 20 European countries by marketing cars at the centre of the dieselgate scandal as “green”.
German retail group Metro AG confirmed on Monday that it would push ahead with its plan to split itself in two, and said it could pull off the demerger without a capital increase.
NYT
– So few homes are on the market in Silicon Valley, California that buyers are getting more aggressive and innovative in approaching owners who haven’t officially decided to sell. http://nyti.ms/2bPhNns
– A chief executive’s political leanings may significantly influence whom workers donate to and choose at the polls, a new academic study found. http://nyti.ms/2bPhDMK
– Barclays Plc said on Monday that Tim Throsby, JPMorgan’s global head of equities, would join the British lender in January as president of its corporate and international business and as chief executive of its corporate and investment bank. http://nyti.ms/2bPiZXZ
– British Airways said it was grappling with computer problems late Monday, as passengers turned to social media to complain of delays and reached out to the company for answers and assistance. http://nyti.ms/2bPiyNp
– A monobrand watch store and a new mall are among the signs that high-end retail is emerging in Myanmar after a 1962 military coup stunted the country’s economy for decades. http://nyti.ms/2bPk6XE
– BTG Pactual SA, a once highflying Brazilian investment bank that stumbled badly during a brush with scandal last year, is reinventing itself with more modest aspirations. http://nyti.ms/2bPkB42
Britain
The Times
Telefónica SA has kicked off plans to float O2, its British mobile phone business, in what could rank as one of the biggest IPOs in City history. http://bit.ly/2c3c4vk
Russian investigators have launched a criminal investigation into an energy company controlled by Viktor Vekselberg, one of the country’s richest tycoons. http://bit.ly/2c3d6rc
The Guardian
Sainsbury plc is to open mini-Habitat shops and more than double the number of Argos outlets in its supermarkets by Christmas after finalising its £1.4bn takeover of Home Retail Group. http://bit.ly/2c3czFv
U.S. product safety and testing non-profit organisation Consumer Reports has called for Samsung Electronics Co Ltd to initiate an official recall of all of its Galaxy Note 7 smartphones, following a halt in sales caused by some phablets exploding while charging. http://bit.ly/2c3d0Q6
The Telegraph
GlaxoSmithKline plc scored a double win today after announcing positive results from separate studies in two of its biggest divisions: respiratory and vaccines.
Sky News
North Korea has fired three ballistic missiles into the sea off its east coast, South Korea has said. http://bit.ly/2c3cLEJ
Santander UK plc is weighing a takeover bid for one of the UK’s biggest credit card groups in a move that could cast doubt on its interest in buying a separate set of assets from the state-backed Royal Bank of Scotland.
The Independent
Junior doctors’ strikes set to take place for five consecutive days next week have been called off following concerns for patient safety. http://ind.pn/2c3cYI2
Theresa May has said the UK’s relations with China are “about more than Hinkley” as speculation mounted that the Prime Minister could pull back from the symbolically important £18 bln nuclear scheme. http://ind.pn/2c3dlTc
via http://ift.tt/2c48Rf1 Tyler Durden