- Markets Get the Worst Kind of Kuroda Surprise as BOJ Stands Pat (BBG)
- Bank of Japan brushes aside calls for more easing despite price falls (WSJ)
- Ford Profit Surges to Record as Sales of SUVs, F-150 Gain Speed (BBG)
- Valeant Pharmaceuticals to Make Sweeping Changes to Board (WSJ)
- Trump breaks taboos, attacks Clinton on gender issue (Reuters)
- Donald Trump Mocks Cruz: ‘What’s He Doing Picking Vice Presidents? (WSJ)
- Wealthy, educated voters fuel Trump’s East Coast sweep (Reuters)
- Dow Chemical Beats Profit Estimates as Margins Widen on Cuts (BBG)
- ECB should raise rates ‘the second inflation rises again’: BuBa (Reuters)
- ECB’s Nowotny can’t say exactly when inflation will pick up (Reuters)
- Puerto Rico Risks Historic Default as Congress Chooses Inaction (BBG)
- Protesters Have a Long History of Crashing Buffett’s Annual Party (BBG)
- SpaceX breaks Boeing-Lockheed monopoly on military space launches (Reuters)
- Venezuela Needs Oil’s Rally More Than Anyone as Economy Teeters (BBG)
- Ex-Im Bank Faces New Hurdle in Congress Over Board Nominees (WSJ)
- Currency Trading’s 20% Drop Raises Specter of Flash-Crash Future (BBG)
- Sanofi Makes $9.3 Billion Bid for Medivation (WSJ)
- Elon Musk Supports His Business Empire With Unusual Financial Moves (WSJ)
- This CEO’s $148 Million in Pay May Rank Him No. 1 for 2015 (BBG)
Bulletin Headline Summary
FT
German utilities will be asked to pay 23.3 billion euros ($26.38 billion) into a state fund to cover the costs of nuclear waste storage, members of a nuclear commission tasked with securing funds for the country’s nuclear exit said on Wednesday.
Billionaire financier Andre Esteves, who was ousted as head of Brazil’s Grupo BTG Pactual SA in November after his arrest in a spiraling corruption probe, has returned to Latin America’s largest independent investment bank in a senior advisory role.
Qatar Airways has raised its stake in British Airways owner International Airlines Group to under 12 percent from 9.99 percent, Chief Executive Akbar al-Baker said on Wednesday, without specifying the exact size of Qatar Airways’ holding or when it increased it.
Britain
The Times
Dominic Chappell, the twice-bankrupt former racing driver who owned retailer BHS for only a year before it collapsed into administration, is trying to buy it back with the help of American investors. (http://bit.ly/1SLcLtg)
Naz Shah, a Labour MP from Bradford West, who backed calls to transport all Israelis to America, has been suspended by Jeremy Corbyn after a revolt from within his party. (http://bit.ly/1NBiq6c)
The Guardian
Mounting urgency has returned to Greece with the country’s financial predicament igniting fears of a re-run of last summer’s nail-biting drama. Rejecting a Greek request for an extraordinary EU summit to discuss its troubled bailout programme, European Council President Donald Tusk instead urged euro zone finance ministers to resume talks that would avert further turmoil. (http://bit.ly/1NBiFOr)
UK factories produced 443,581 cars in the first three months of the year, up 10.3 percent from the same quarter last year, according to the Society of Motor Manufacturers and Traders. It was the strongest first-quarter performance since 2004. (http://bit.ly/1NBiO4G)
The Telegraph
Rolls-Royce Holdings Plc bosses are seeking to eke out even bigger savings from the embattled engineering business, according to a secret internal report. Consultants from Bain & Company are understood to have delivered a study to top executives at the FTSE 100 group, saying it could boost profits by 1 billion pounds ($1.45 billion).
International investment into UK commercial property has stalled as widespread market uncertainty ahead of the Brexit vote takes hold, new research has warned, with more than a third of those surveyed blaming the referendum. (http://bit.ly/1NBjFlV)
Sky News
MPs probing the collapse of retailer BHS will summon the entrepreneurs who bought BHS for 1 pound. The Business, Innovation and Skills Select Committee will announce on Thursday that it wants to examine the level of due diligence that Retail Acquisitions Limited was legally required to undertake before buying BHS from Philip Green just over a year ago, Sky News has learnt. (http://bit.ly/1SLchn8)
UK growth slowed in the first quarter, according to official figures, as a leading economic think-tank warned of the potential impact of Brexit. (http://bit.ly/1SLctTo)
The Independent
Standards of living in Britain lag behind the European average, according to a Glassdoor study. UK ranks 10th in an analysis of 18 European countries, behind Switzerland, Denmark and Germany, according to the study. (http://ind.pn/1NBkvPl)
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