- Dollar steadies after stumble, sterling rides out Brexit ruling (Reuters)
- After U.S. exit, Asian nations try to save TPP trade deal (Reuters)
- U.K. Court Rules Brexit Trigger Needs Parliamentary Vote (BBG)
- Brexit plans unlikely to be slowed by Article 50 defeat (Reuters)
- Health Secretary Nominee Proposed Bill Benefiting Puerto Rico Investments (WSJ)
- How Trump Would Rework Nafta—and What Mexico, Canada Want in Return (BBG)
- Trump calls for more U.S. auto jobs, factories ahead of CEO meeting (Reuters)
- Belarus Businessman Said to Be Indirect Source on Trump Dossier? (WSJ)
- Canadian Drillers Brave Deep Freeze as Oil Patch Revives Growth (BBG)
- A $90 Billion Wave of Debt Shows Cracks in U.S. Real Estate Boom (BBG)
- China pushes back at U.S. over South China Sea (Reuters)
- This 36-Year-Old May Be Running America (BBG)
- China’s Efforts to Stem Capital Outflows Are Starting to Pay Off (BBG)
- Iran, Russia, Turkey say will jointly enforce Syria ceasefire (Reuters)
- Generali Jumps on Report Intesa Plans to Mount Takeover Bid (BBG)
- Bankers Cash In on Postelection Stock Rally (WSJ)
- BT Plunges After Cutting Outlook, Tripling Italy Writedown (BBG)
- After Bond Chief’s Exit, Millennium’s Englander Left Alone Again (BBG)
- Verizon Misses Profit Estimates as Holiday Promos Take Toll (BBG)
- At Wells Fargo, Bank Branches Were Tipped Off to Inspections (WSJ)
- DuPont Pushes Back Expected Closing of Dow Merger to First Half (BBG)
- Goldman Hails Global Rebound as Currie Sees Commodity Demand (BBG)
Overnight Media Digest
WSJ
– President Donald Trump started his first full workday at the White House focused on the economy, trade and jobs, withdrawing from the Trans-Pacific Partnership (TPP) agreement and promising to tax firms that move operations overseas. http://on.wsj.com/2klQzOb
– A federal judge Monday blocked the proposed merger of health insurers Aetna and Humana on antitrust grounds, a potentially fatal legal blow to the $34 billion deal. http://on.wsj.com/2klXsis
– The Senate confirmed Representative Mike Pompeo of Kansas as director of the Central Intelligence Agency, putting a Republican lawmaker in charge of the nation’s top spy agency. http://on.wsj.com/2km04wI
– A government watchdog group filed a lawsuit alleging President Trump is violating the U.S. Constitution by maintaining ownership of businesses that accept payments from foreign governments. http://on.wsj.com/2km3yzq
– Yahoo, subject of two huge data breaches that have cast a shadow over its deal with Verizon Communications., pushed back its expected closing date for the transaction, citing “work required to meet closing conditions.” http://on.wsj.com/2km3Ar2
– The lending arm of Ford Motor Co has tapped a San Francisco startup to make it easier for its customers to buy and finance a car without going into a showroom. http://on.wsj.com/2km2c7R
– Sprint Corp will buy one-third of Tidal, the streaming-music service run by rap mogul Jay Z, the latest content deal secured by a network provider. http://on.wsj.com/2klTrue
– The Syrian regime and the rebel opposition ended the first day of peace talks on Monday without reaching agreement on how to monitor a shaky cease-fire, but the sides continued trying to hammer out details of a potential deal. http://on.wsj.com/2klUZV7
FT
British Prime Minister Theresa May said on Monday she was briefed about the successful certification of a nuclear submarine as she came under increasing pressure over her handling of reports its unarmed Trident missile misfired.
Bernie Ecclestone’s 40-year reign as Formula One’s commercial supremo ended on Monday with the sport’s new owners Liberty Media replacing the 86-year-old Briton with American Chase Carey.
British spy chief Robert Hannigan said on Monday he was stepping down as head of Britain’s intelligence eavesdropping service GCHQ. Sources close to Hannigan, 51, said the decision was taken for personal reasons
NYT
– President Donald Trump upended America’s traditional, bipartisan trade policy on Monday as he formally abandoned the ambitious, 12-nation Trans-Pacific Partnership brokered by his predecessor. http://nyti.ms/2jWq1lP
– At a meeting with the leaders of several construction and building trade unions, President Trump reiterated on Monday his interest in directing hundreds of billions of dollars to infrastructure investments, some of it from the federal government, union officials said. http://nyti.ms/2jWuEfE
– Yahoo Inc said on Monday that it now expected the sale of its core businesses to Verizon Communications Inc to close no sooner than April, a delay from its earlier intention to conclude the deal in the first quarter. http://nyti.ms/2jWzA4h
– A federal judge ruled on Monday that a $37 billion merger between the health insurance giants Aetna Inc and Humana Inc should not be allowed to go through on antitrust grounds, siding with the Justice Department, which had been seeking to block the deal. http://nyti.ms/2jWr05K
– President Trump used his first official meeting with congressional leaders on Monday to falsely claim that millions of unauthorized immigrants had robbed him of a popular vote majority. http://nyti.ms/2jWyUf7
– Representative Mike Pompeo of Kansas earned approval to lead the Central Intelligence Agency and Rex Tillerson, the secretary of state nominee, cleared a key Senate hurdle to all but assure his own confirmation. http://nyti.ms/2jWHDOn
Canada
THE GLOBE AND MAIL
** Japan-based automakers in Canada are urging the federal government to resume talks with Japan on a bilateral trade deal in the wake of the new Trump government pulling out of the Trans-Pacific Partnership trade agreement. https://tgam.ca/2jTK6Ja
** Potential private equity buyers appear to be steering clear of hockey and baseball equipment maker Performance Sports Group Ltd, clearing the field for a $575 million bid for the company from Sagar Capital Partners LP and Fairfax Financial Holdings Ltd. https://tgam.ca/2jTHk6P
** Vancouver’s Kindred Systems Inc has hired Jim Liefer, who was vice president of operations for Wal-Mart’s online business from 2004-10 before spending six years as COO of U.S. online furniture retailer One Kings Lane Inc. Mr. Liefer will work out of Kindred’s San Francisco office, where most of its 37 employees are located. https://tgam.ca/2jTKQ0G
NATIONAL POST
** An ongoing dispute between Uber Technologies Inc and its drivers has reached Canada, with a proposed class-action lawsuit that claims Uber drivers are employees who are entitled to minimum wage, overtime and vacation pay. http://bit.ly/2jTUpwH
** The federal New Democratic Party has scheduled a leadership debate for early March, even though there are still no official candidates to lead the party. http://bit.ly/2jTL2NI
** The department of Indigenous and Northern Affairs is one of two ministries – the other is democratic reform – that did not get a passing mark on a “deliverology” report card that Prime Minister Justin Trudeau and his cabinet were expected to review as they began two days of meetings on Monday in Calgary. http://bit.ly/2jTTcFH
Britain
The Times
* EDF has raised the spectre of delays or cost overruns to its 18 billion pound ($22.52 billion) Hinkley Point nuclear plant as a result of Brexit, warning that any restrictions to trade and movement of labour could hamper the delivery of energy projects. http://bit.ly/2jqJAPN
* Royal Dutch Shell’s exploration chief, Ceri Powell, is to step down after seven years, as the energy company cuts back on drilling new wells. http://bit.ly/2jqGWJI
The Guardian
* Amsterdam mayor’s office has been in negotiations with American and Japanese banks, along with fintech firms and other specialist finance firms, about moving staff and operations from London as a consequence of the UK’s vote to leave the European Union, the city’s deputy mayor told the Guardian. http://bit.ly/2jqJZ4L
* Lloyds Banking Group suffered 48-hour online attack this month as cybercriminals attempted to block access to 20 million UK accounts. http://bit.ly/2jqFpUd
The Telegraph
* Sports Direct has cut its ties with three City banks amid speculation that tycoon Mike Ashley is reining in his appetite for dealmaking and conquering overseas markets. The sportswear giant announced that it had dumped Goldman Sachs, Citi and Haitong (formerly known as Espirito Santo) from its roster of brokers. http://bit.ly/2jqMbcA
* BP has started up one of its first major projects in the Gulf of Mexico since the Deepwater Horizon disaster, almost a year ahead of schedule and $150 million under budget.http://bit.ly/2jqPNLu
Sky News
* Bernie Ecclestone is no longer in charge of Formula One after almost 40 years in the driving seat. The news was confirmed by Liberty Media as it said it had completed its takeover of the sport after snapping up shares from private equity firm CVC last year. http://bit.ly/2jqNBDQ
* M&G Investments, the giant asset manager owned by Prudential, will end its headline sponsorship of the Chelsea Flower Show after this year’s event in May, according to Sky News. http://bit.ly/2jqQXH5
The Independent
* British Prime Minister Theresa May will be ready to publish the key piece of legislation that will set Britain on the road to Brexit by the end of this week, according to the Independent. http://ind.pn/2jqHRdj
* Britain is facing three years of slow growth, rising unemployment and squeezed consumer spending as the Brexit-induced collapse in the pound triggers a radical rebalancing of the economy, according to a report by think tank EY Item Club. http://ind.pn/2jqyESo
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