- European shares dip, sterling falls on Brexit comments (Reuters)
- Pound Falls to 10-Week Low as May Hints at Single-Market Exit (BBG)
- Offshore Yuan Falls for Second Day as Bears Reload After Squeeze (BBG)
- Trump’s choices for top Cabinet posts face big tests this week (Reuters)
- Nine Trump Nominees Who’ll Face Extreme Vetting by Democrats (BBG)
- Meet the Mercers: New Power Brokers in Trump’s Washington (WSJ)
- Why the China Manipulator Label Looks Increasingly Appealing to Trump (BBG)
- Turkish Lira Extends Losses as Rate Speculation Mounts (BBG)
- Auto Makers in Hot Seat as Political Pressure Rises (WSJ)
- GM Won’t Move Small-Car Production From Mexico (WSJ)
- ‘La La Land’ Sets Golden Globes Record With Seven Statuettes (BBG)
- Big China bitcoin exchange says no government pressure on outflows (Reuters)
- Brazil Worries the ‘China of South America’ Is Eating Its Lunch (BBG)
- McDonald’s Aims to Flip China Results by Ceding Control (WSJ)
- UnitedHealth to buy Surgical Care Affiliates in $2.3 billion deal (Reuters)
- German Industrial Output Rises in Sign of Economic Strength (BBG)
- Navy, Trump planning biggest fleet expansion since Cold War (Reuters)
- Kansas Offers Cautionary Tale for Trump’s Tax Ambition (BBG)
- Police arrest 16 in France over Kardashian robbery (Reuters)
- Trump’s Canceled Overseas Projects Only Brought in $323,150 (BBG)
- China Is Planning a New, Relaxed Approach to Growth (BBG)
- Your Favorite Food Can Tell You About What Your Money’s Worth (BBG)
- Florida airport shooting suspect to appear in federal court (Reuters)
Overnight Media Digest
WSJ
– Fiat Chrysler Automobiles NV said Sunday it will invest $1 billion in two existing plants, creating what it says will be 2,000 new jobs. The decision ahead of Motown’s annual car show comes as auto makers have faced heat from the incoming administration of President-elect Donald Trump to manufacture more vehicles in the U.S. http://on.wsj.com/2i5TsNl
– Akbar Hashemi Rafsanjani, a former president and pillar of Iran’s Islamic revolution who became a leading critic of the hardline clerical establishment in the later years of his life, has died. He was 82. http://on.wsj.com/2ispHHt
– McDonald’s Corp has reached a deal to sell a controlling stake in its China operations to an investor group led by Citic Ltd, one of China’s largest state-owned companies. Citic Capital Holdings and private-equity giant Carlyle Group LP will buy an 80 percent stake in the fast-food giant’s China business in a deal that values the operation at up to $2.08 billion. The agreement is for 20 years. http://on.wsj.com/2i8PB5s
– Ride-hailing company Uber said in the coming weeks it will start releasing its data from dozens of global cities showing average travel times from one point to another, information gleaned from millions of trips. Uber said the anonymized data, initially from Washington, D.C., Sydney and Manila, can be a resource for urban planners to analyze traffic patterns and make more informed decisions about civic infrastructure. http://on.wsj.com/2iXDtWc
– General Motors Co Chief Executive Mary Barra said the company won’t move small-car production to the United States from Mexico in the wake of President-elect Donald Trump’s criticism of the auto maker’s imports. Barra, speaking to reporters at a GM event on the eve of its hometown auto show in Detroit, said manufacturing decisions and plant investments are made far in advance of production and can’t easily be reversed. http://on.wsj.com/2iTvetN
FT
Britain’s foreign minister Boris Johnson has arrived in the United States to meet close advisers to President-elect Donald Trump and senior Congressional leaders to discuss ties between the countries.
Prime Minister Theresa May on Monday will launch a series of domestic initiatives, starting with a promise to “transform mental health support”, as part of a drive to create what she calls “a sharing society,” vowing to use “the power of government” to achieve her aims.
Housebuilder Berkeley Group Holdings Plc opened a new division in Birmingham in its first venture outside London and the southeast in more than a decade.
The number of UK companies acquired by foreign buyers fell by 30 percent during the second half of 2016 from a year earlier, according to accounting firm Moore Stephens.
NYT
– Russian warplanes have carried out airstrikes to support Turkey’s offensive in northern Syria against the Islamic State, an important evolution in a budding Russian-Turkish partnership. http://nyti.ms/2jiYVl2
– Advisers to President-elect Donald J. Trump’s transition team, facing complaints from Democrats that they are trying to jam nominees through confirmation hearings, said on Sunday they were confident all the appointees would be approved by the Senate. http://nyti.ms/2iT8GHF
– Turning attention away from her and toward Donald J. Trump, Meryl Streep used her acceptance speech for the Cecil B. DeMille Award at the Golden Globes to call out the president-elect for mocking a disabled New York Times reporter in 2015. http://nyti.ms/2iTk2eC
– Uber Technologies Inc on Sunday unveiled Movement, a stand-alone website it hopes will persuade city planners to consider Uber as part of urban development and transit systems in the future.
– The Federal Bureau of Investigation has arrested a Volkswagen AG executive who faces charges of conspiracy to defraud the United States, two people with knowledge of the arrest said on Sunday. http://nyti.ms/2jsSf87
– Amid nationwide marches, highway blockades and looting stemming from widespread outrage over an increase in gas prices, President Enrique Peña Nieto of Mexico went on national television to appeal for understanding.
– Mexican officials said on Sunday that they had arrested an American citizen in connection with the shooting of an American diplomat in Guadalajara, Mexico’s second-largest city.
Canada
Britain
The Times
* Rail strikes that have caused commuter misery in southern England are set to spread across the country, it emerged this weekend. Industrial action is “inevitable” on the Northern rail network, which covers a swathe of northern England including commuter services in Leeds, Manchester, Newcastle upon Tyne and Hull, a union boss warned. http://bit.ly/2isZEjp
* Green Investment Bank is set to be stripped of its prized assets once Australia’s Macquarie Group Ltd seizes control of the state-owned lender later this month. http://bit.ly/2i42M9u
The Guardian
* Foreign minister Boris Johnson has flown to New York for the UK government’s first formal face-to-face meetings with Donald Trump’s administration, hours after Prime Minister Theresa May declared the U.S. president-elect’s remarks about women unacceptable. http://bit.ly/2i7x0qs
* Scotland’s first minister, Nicola Sturgeon, has again insisted she is serious about her threat to hold a second referendum on Scottish independence in the event of a hard Brexit. http://bit.ly/2i2QNc4
The Telegraph
* Three of the City’s most powerful figures face a grilling from members of parliament over suggestions banks and other financial services firms exaggerated the threat posed by Brexit. Douglas Flint, chairman of HSBC Holdings Plc ; London Stock Exchange boss Xavier Rolet; and Elizabeth Corley, vice chairman asset manager Allianz Global Investors, will appear before the Treasury Select Committee on Tuesday. http://bit.ly/2i42BLj
* British jet engine maker Rolls-Royce Plc is teaming up with a host of rivals including Amec Foster Wheeler Plc and Arup to develop mini-nuclear reactors. http://bit.ly/2iXJceu
Sky News
* Sky News understands that PricewaterhouseCoopers has been asked to help Co-operative Group Ltd find buyers for a portfolio of commercial real estate, private finance initiative and wind-farm loans as regulators intensify their scrutiny of it. http://bit.ly/2i7zZzh
* Theresa May has told Sky News her government is not suffering from “muddled thinking” over Brexit. The prime minister was responding to criticism from Ivan Rogers, who resigned as Britain’s ambassador to the European Union. http://bit.ly/2j7qnmq
The Independent
* Former Education Secretary Michael Gove has urged Theresa May to leave the single market and customs union, describing the approach as a “full Brexit.” http://ind.pn/2iSQUGl
* Healthcare unions have disputed the pertinence of Theresa May’s claim that NHS funding is at record levels, saying she is in “denial” over overwhelming demand and bed shortages. http://ind.pn/2i7wOrj
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