- European shares hit two-week lows, yen rises as Japan backs stimulus (Reuters)
- Australia Rejoins Global Disinflation Fight With Record Low Rate (BBG)
- Japan Cabinet Approves $274 Billion Stimulus Package (WSJ)
- Yen Surges to Three-Week High as Japan Stimulus Underwhelms (BBG)
- Warren Buffett Takes On Donald Trump at Hillary Clinton Rally in Nebraska (WSJ)
- Trump campaign asks Capitol Hill to back him in Khan controversy (Reuters)
- Government Spending Makes a Comeback While Austerity Starts to Fade (BBG)
- Rio’s Olympics Woes Sour IOC on Developing World as Games Site (WSJ)
- Overseas Yield Hunters Bag Record Share of U.S. Corporate Debt (BBG)
- Turkish government has taken over military factories, shipyards, PM says (Reuters)
- China regulator says Didi, Uber deal will need Mofcom approval (Reuters)
- As Kremlin Ties Turn Frosty, Oligarch Nets Owner Buys Up Brooklyn (BBG)
- Student-Loan Defaulters in a Standoff With Federal Government (WSJ)
- These Government Rules Trap 65 Million Americans in Poverty (BBG)
- Aetna Tops Views, Stops ACA Expansion Plans (WSJ)
- Texas allows guns in college classrooms under new law (Reuters)
- China says willing to explore free trade deal with Britain (Reuters)
- Tisch Says We ‘Live by the Sword’ at Loews as Gold Bet Doubles (BBG)
- Japan defence review expresses ‘deep concern’ at Chinese coercion (Reuters)
- China’s ‘mosquito factory’ aims to wipe out Zika, other diseases (Reuters)
Overnight Media Digest
WSJ
– The U.S. conducted airstrikes against Islamic State’s primary stronghold in Libya for the first time on Monday, aiding the U.N.-backed Libyan government’s attempt to retake the area and deepening American involvement in efforts to defeat the group in North Africa. on.wsj.com/2aK7aHH
– At his first campaign rally since a public spat erupted with the parents of a Muslim U.S. Army captain killed in Iraq, Republican presidential nominee Donald Trump sought to change the subject to economic issues and concerns he has about the course of the general election. on.wsj.com/2aLS5W0
– Several prominent members of the International Olympic Committee said the difficulty getting Rio de Janeiro ready for the Summer Games likely means the organization will shy away from again holding the world’s biggest sporting event in cities that exhibit any signs of instability. on.wsj.com/2apiUQc
– Billionaire investor Warren Buffett lambasted Donald Trump Monday and challenged the Republican nominee to release his tax returns as Democrat Hillary Clinton campaigned for a single, up-for-grabs electoral vote in Nebraska. on.wsj.com/2arsZcB
FT
* SolarCity Corp agreed to Tesla Motors Inc’s $2.6 billion offer to buy the solar panel installer, the companies said on Monday, clearing one obstacle in the way of Elon Musk’s ambitious plans for a carbon-free energy and transportation company.
* GlaxoSmithKline and Google parent Alphabet’s life sciences unit are creating a new company focused on fighting diseases by targeting electrical signals in the body, jump-starting a novel field of medicine called bioelectronics.
* Republican Senator John McCain, a former prisoner of war and the most prominent veteran in Congress, joined the chorus of condemnation against Republican presidential candidate Donald Trump for his comments about the family of a slain Muslim-American soldier.
NYT
– Nick Denton, the founder and chief executive of Gawker Media, filed for personal bankruptcy on Monday to protect himself from a legal judgment awarded in March to the former professional wrestler Hulk Hogan in an invasion-of-privacy lawsuit. http://nyti.ms/2aEIugZ
– Theranos Chief Executive Elizabeth Holmes tried to salvage the reputation of her embattled blood-testing company on Monday, discussing its technology and data at a scientific meeting for the first time. Holmes said Theranos was developing a new version of its technology that she called the mini-laboratory, or miniLab. She said the company was seeking approval of a test to detect infection by the Zika virus. http://nyti.ms/2aqyfjw
– McDonald’s Corp on Monday announced several changes to its ingredients, including eliminating artificial preservatives from some breakfast foods and Chicken McNuggets, its most popular food item, and removing high-fructose corn syrup from its buns. Such changes affect almost half of the food on McDonald’s menu, the company said. http://nyti.ms/2avYa4m
– Technology Crossover Ventures On Monday said it had raised $2.5 billion for its latest fund, which is called TCV IX. The venture capital firm is best known for investing in companies such as Dollar Shave Club, Netflix, Vice Media and Zillow. http://nyti.ms/2aIahic
– Federal health officials on Monday urged pregnant women to stay away from a Miami neighborhood where they have discovered additional cases of Zika infection – apparently the first time the Centers for Disease Control and Prevention has advised people not to travel to a place in the continental United States. http://nyti.ms/2aqOyXk
Britain
The Times
British Prime Minister Theresa May has refused to interfere with former PM David Cameron’s plans to award honours to pro-Remain allies. The leak of the list of names expected to get honours put pressure on her to intervene. (http://bit.ly/2aKQakx)
The Guardian
GlaxoSmithKline Plc and Google parent Alphabet Inc’s life sciences unit are creating a new company focused on fighting diseases by targeting electrical signals in the body, jump-starting a novel field of medicine called bioelectronics.(http://bit.ly/2aKU1yc)
Capital controls in Greece will be majorly eased on Monday in order to bring back billions of euros that left the country at the peak of the euro-zone crisis. The easing of capital restrictions is being done to give a boost confidence in the economy’s banking sector. (http://bit.ly/2aKTvQA)
The Telegraph
China has urged the U.K. government to give the go-ahead to the Hinkley Point nuclear plant as quickly as possible. The country’s state media also warned that China would not tolerate any kind of criticisms or accusations towards its investments in the U.K. (http://bit.ly/2aKVt3t)
Uber Technologies Inc will sell its China business to Didi Chuxing, the dominant ride-hailing service in the country. The valuation of the combined business will be $35 billion. (http://bit.ly/2aKY79j)
Sky News
Panasonic Corp has emerged as a contender to acquire GHD, a manufacturer of hair-care products based in the U.K. CVC Capital Partners has also made an offer to buy GHD for more than 400 million pounds ($527.20 million). (http://bit.ly/2aKZZ2b)
The Independent
Communication Workers Union, one of Britain’s biggest trade unions, has promised to support Jeremy Corbyn as the Labour party leader. The union’s reaffirmation came in light of Corbyn’s vow to combat “injustices” in U.K. workplaces. (http://bit.ly/2aKZZ2b)
British Prime Minister Theresa May has demanded that the House of Lords get behind the decision of Brexit as decided by the voters, after reports that some peers intended to delay the process of the country exiting the EU. (http://bit.ly/2aKZZ2b)
The post Frontrunning: August 2 appeared first on crude-oil.top.