- Trump heads to Philly to charm congressional Republicans (Politico)
- Trump Set to Lay Out Plans for Safe Zones Inside Syria (WSJ)
- Trump Wants to Build a Wall. Finding Workers Won’t Be Easy (BBG)
- Sanctuary cities face huge cuts by Trump policy (Reuters)
- Trump Faces Criticism Over Prospect of Enhanced Interrogation Techniques (WSJ)
- U.K. Commons to Complete Article 50 Bill Debate in Two Weeks (BBG)
- Blacklisting Muslim Brotherhood Carries Risks (WSJ)
- Six shot during vigil for gunshot victim in Chicago (Reuters)
- China Said to Order Banks to Curb New Loans in First Quarter (BBG)
- U.K. Brexit Boom Still Sees Economy Plagued by Old Problems (BBG)
- Dutch Regulator Accidentally Posts Soros’s Short Positions (BBG)
- In Trump era, Democrats and Republicans switch sides on states’ rights (Reuters)
- World Leaders Seek Cues From May’s Visit to Trump (BBG)
- TransCanada has not yet broached Keystone XL with shippers (Reuters)
- RBS Gains After $3.8 Billion Charge Tied to U.S. Mortgage Probe (BBG)
- Ford Motor quarterly profit matches Street expectations (Reuters)
- Apple’s IPhone Sales Set to Rebound, But for How Long? (BBG)
- Fiat Chrysler says to nearly halve net debt in 2017 (Reuters)
- Philippines says U.S. military to upgrade bases, defense deal intact (Reuters)
Overnight Media Digest
WSJ
– Technology veteran Hugo Barra will join Facebook Inc to run its virtual-reality efforts, including the Oculus VR team, Chief Executive Mark Zuckerberg said late Wednesday. http://on.wsj.com/2jruMmy
– Tribune Media Co Chief Executive Officer Peter Liguori is resigning after four years at the helm, during which time he slimmed the media company down to focus more on its broadcast and cable-programming holdings. http://on.wsj.com/2jrNLNJ
– Canada’s AltaGas Ltd reached a $6.4 billion deal to buy WGL Holdings Inc, Washington D.C.’s natural-gas utility, more than tripling its customer base. http://on.wsj.com/2jrxpEB
– A South Korean government fine overshadowed improved operating performance for Qualcomm Inc in the latest quarter, underscoring concerns the most profitable part of the chip company’s business is at risk from international legal assaults by regulators and customers. http://on.wsj.com/2jrvxvU
– Facebook Inc is overhauling its “trending topics” box, part of its effort to curb fake news and expose users to a broader range of information. http://on.wsj.com/2jry09j
FT
British manufacturers are the most bullish about export prospects for the year ahead since the spring of 2014, partly because the fall in the value of sterling following last year’s Brexit vote has given them a competitive edge, a survey by the CBI business lobby group showed on Wednesday.
Royal Bank of Scotland Group Plc is preparing to announce on Thursday that it has provisioned about $4 billion to cover a looming penalty from U.S. authorities for mis-selling toxic mortgage securities, according to a banker familiar with the plans.
Yorkshire Building Society Group said it is closing 48 branches, including all 28 branches under its Norwich & Peterborough moniker, because of an “increasing desire among customers to transact digitally”.
NYT
– President Donald Trump on Wednesday began a sweeping crackdown on illegal immigration, ordering the immediate construction of a border wall with Mexico and aggressive efforts to find and deport unauthorized immigrants. http://nyti.ms/2jTWeYC
– Goldman Sachs Group Inc has rewarded its departing president, Gary Cohn, with expedited access to cash and stock payments valued at nearly $300 million, and in doing so has tacitly encouraged another of its executives to accept an influential role in Washington. http://nyti.ms/2jTUNcR
– The revival of cross-border oil pipeline project by the President Donald Trump is likely to complicate a delicate balancing act Canadian Prime Minister Justin Trudeau has been trying to keep up. Trudeau has long maintained that Canada needs to develop its energy industry, but he also stands for aggressively cutting the country’s carbon emissions. http://nyti.ms/2jTV7Ie
– Google and Facebook Inc have been taking steps to curb the number of false news articles propagated across their sites. On Wednesday, the Silicon Valley companies showed that they were still in the early stages of their battle to limit misinformation online. http://nyti.ms/2jTZt2d
– President Enrique Pena Nieto reiterated his commitment to protect the interests of Mexico and the Mexican people, and chided the move in Washington to continue with the wall, in a video message delivered over Twitter. He is scheduled to visit the White House on Tuesday. http://nyti.ms/2jTSoyv
– At least six journalists were charged with felony rioting after they were arrested while covering the violent protests that took place just blocks from President Donald Trump’s inauguration parade in Washington on Friday, according to police reports and court documents. http://nyti.ms/2jTStlN
Canada
GLOBE AND MAIL
** AltaGas Ltd is buying WGL Holdings Inc for about $4.5 billion in the latest major acquisition of a U.S. energy infrastructure company by a Canadian rival. https://tgam.ca/2kn5hRG
** TransCanada Corp Chief Executive Russ Girling said the Calgary-based firm is working furiously to resubmit the Keystone XL pipeline application after U.S. President Donald’s Trump directive to revive the project. https://tgam.ca/2kmYDe5
** British Columbia Investment Management Corp has entered into an agreement to sell SilverBirch Hotels & Resorts, including its 26 hotel assets and management operations, to Leadon Investment Inc, a private investor group with ties to Hong Kong. https://tgam.ca/2kwiEhK
NATIONAL POST
** BlackBerry Ltd revealed on Twitter that the long-awaited keyboard phone will be released at Mobile World Congress in Barcelona on Feb. 25. http://bit.ly/2kmXPFZ
** The Canadian subsidiary of BlackRock Inc has partnered with Toronto investment firm Dynamic Funds to launch a new suite of five actively managed exchange-traded funds, breaking new ground in Canada for the world’s largest asset manager. http://bit.ly/2kmYDel
** An Ontario judge has refused to add another of Chevron Corp’s Canadian subsidiaries to an enforcement action launched by plaintiffs from Ecuador. http://bit.ly/2kmXCTd
Britain
The Times
* Nathan Bostock, chief executive of Santander UK, said the Spanish-owned lender was taking a “cautious” approach to unsecured lending as he pointed to the very low rates of interest now offered by some banks. http://bit.ly/2jyP6zY
* Roland Junck, the former chief executive of European giant Arcelor Mittal, who is executive chairman of the Scunthorpe plant and associated operations, said that the business was looking at a turnaround of at least 200 million pounds ($252.64 million) in its fortunes under new management. http://bit.ly/2jyMIJA
The Guardian
* A 400 million pound skyscraper, 1 Leadenhall, has been given the green light by City of London planners and will be built next to the historic Leadenhall Market, which featured in the Harry Potter films. http://bit.ly/2jyUX8d
* Global demand for oil will still be growing in 2035 even with an enormous growth in electric cars in the next two decades, with numbers on the road rising from 1 million to 100 million, BP has predicted. http://bit.ly/2jyVkjm
The Telegraph
* BT is being targeted by the shareholder litigation specialists behind massive damages claims against Tesco and Volkswagen, after nearly 8 billion pounds was wiped off the telecoms giant’s stock market valuation by an accounting scandal and contract slump. Bentham Europe, which provides funding for out-of-pocket investors to sue companies, has opened talks with BT shareholders in the last 24 hours. http://bit.ly/2jyQZwr
* The single currency is failing to bring its economies closer together, with the strong core nations pulling ever further ahead of the weak periphery – leaving the eurozone as a whole set for years of stagnation and political crises, according to analysts at credit ratings agency Moody’s. http://bit.ly/2jz5Fvt
Sky News
* The state-backed Royal Bank of Scotland is to announce within days that it is taking another multibillion pound charge for mis-selling mortgage-backed securities — a move that will catapult it to one of its biggest losses since the 2008 financial crisis, according to Sky News. http://bit.ly/2jy4egV
* The Norwich and Peterborough building society is to close 100,000 current accounts under a shake-up that places hundreds of jobs at risk. http://bit.ly/2jyMoKz
The Independent
* Yoshiko Shinohara, the 82-year-old founder of multinational temporary work agency Temp Holdings, has become Japan’s first self-made female billionaire. http://ind.pn/2jyG71A
* German utility E.ON, which owns billions of euros worth of wind parks in the United States, said global efforts to tackle climate change were suffering serious setbacks, singling out the election of Donald Trump as a key obstacle. http://ind.pn/2jyZ58a
The post Frontrunning: January 26 appeared first on crude-oil.top.