- Tiny Tilt in ‘Brexit’ Polls Roils Global Markets (WSJ)
- Oil prices slip after rally as market turns cautious (Reuters)
- What to Watch for in Janet Yellen’s Congressional Testimony (WSJ)
- Cracks emerge in the European consensus on Russia (Reuters)
- Iraqi forces retake two Falluja districts from Islamic State, push west (Reuters)
- Afghan War Rules Leave U.S. Troops Wondering When It’s OK to Shoot (WSJ)
- SoftBank President Nikesh Arora to Step Down (WSJ)
- Europe Shielded From Lehman-Like Blow Three Years After the U.S. (BBG)
- Jefferies Posts Quarterly Profit as Fixed-Income Trading Surges (BBG)
- Robots on Track to Bump Humans From Call-Center Jobs (WSJ)
- ‘Economikes’: the gatekeepers of Clinton’s economic policy (Reuters)
- Hedge Funds Sense Profit in Europe Shock Waves After Brexit (BBG)
- Man found wearing fake bomb belt causes security scare in jittery Brussels (Reuters)
- Hedge Funds Still Can’t Figure Out a Way to Avoid a $25 Billion Tax Bill (BBG)
- French police arrest one, swoop on houses in cop killer investigation (Reuters)
- Senate rejects gun-control measures after Orlando shooting (Reuters)
- Bahrain’s move against Shi’ite leader unjustified: U.N. (Reuters)
- It’s 1995 Again for Dollar Traders Bracing for Trade War Trouble (BBG)
Overnight Media Digest
FT
– As tighter regulatory rules and pressure to cut costs drives consolidation in the brokerage sector, Rabobank has bought a five percent stake in Kepler Cheuvreux.
– Altice has appointed Michel Combes as CEO as a part of a management reshuffle. He would replace Dexter Goei who becomes Chairman and CEO of Altice USA.
– Deloitte’s new cloud-based service Propel has received 2.5 million pounds in funding from Deloitte’s Innovation Investments scheme, as the company targets startups to expand its reach.
– Brazil’s biggest bankruptcy was filed by telecom operator Oi on Monday as $19.26 billion debt weighed on the company.
NYT
– After months of delays, Apple Inc is likely to open its first retail stores in India, a fast-growing market for smartphones where the American technology giant has little presence. (http://nyti.ms/28KGRQQ)
– Britain has been one of the most active markets for initial public offerings in Europe in recent years, far outpacing the level of activity in Paris, Frankfurt and other European financial capitals. A vote by Britain to exit the European Union, however, could change all that, at least for the short term. (http://nyti.ms/28K8HIf)
– German prosecutors said on Monday that former Volkswagen Chief Martin Winterkorn is suspected of market manipulation for having waited too long to disclose that the company faced an inquiry. The investigation into Volkswagen’s emissions scandal has for the first time reached the top echelon of management. (http://nyti.ms/28KiAJJ)
– The thrilling Game 7 between the Cleveland Cavaliers and the Golden State Warriors Sunday night drew nearly 31 million viewers, the biggest total for an N.B.A. finals game in 18 years. To the delight of ABC executives, the game was decided in the final seconds as the Cavs took the championship, 93 to 89. (http://nyti.ms/28K8Zio)
Britain
The Times
The supermarket price war and the national living wage have helped average weekly disposable income to rise to a record 201 pounds ($294.69) a week per household, according to research from Asda. http://bit.ly/28K8Os7
The pay package for TalkTalk Telecom Group Plc’s chief executive almost trebled last year despite the group suffering a hacking attack in which the personal details of 157,000 customers were stolen. (http://bit.ly/28K8Mkl)
The Guardian
George Soros has warned that a vote on Thursday for Britain to leave the European Union would trigger a bigger and more damaging fall for sterling than the day he forced Britain out of the Exchange Rate Mechanism almost a quarter of a century ago. (http://bit.ly/28K8Xf9)
Nissan Motor Co Ltd is to take legal action against the Vote Leave campaign after the Japanese carmaker’s logo was used on leaflets calling for voters to back Brexit in Thursday’s referendum. (http://bit.ly/28K8ZDV)
The Telegraph
BP Plc will push forward with plans to develop its deepwater natural gas field in Egypt’s East Nile Delta by early 2018, just three years after the energy giant made the discovery. (http://bit.ly/28K96PM)
BT Group Plc has lost a court showdown with Ofcom over broadband prices, one year after launching an appeal against the watchdog’s restrictions on the wholesale price of superfast broadband. (http://bit.ly/28K96zg)
Sky News
The boss of Aston Martin, manufacturer of 007’s favourite cars, has told employees that a decision to leave the European Union would make British exports “more competitive”. (http://bit.ly/28K9duX)
The Independent
Britain will lose its place as a “global leader in science and innovation” if voters turn their back on the European Union in this week’s referendum, around 100 universities warned in a letter to the Independent. (http://ind.pn/28K9iyH)
Canada
THE GLOBE AND MAIL
** A federal court has dismissed an appeal by Bell Mobility, a unit of BCE Inc, from a ruling of Canada’s telecom regulator on how the company charged customers for its mobile television app. (http://bit.ly/28LALQ0)
** Amid a chorus of concern about Canada’s overheated housing market, Moody’s Investors Service says it believes the country’s biggest lenders can easily withstand a severe market downturn, after the credit-rating agency simulated a U.S.-style mortgage crisis. (http://bit.ly/28LAUmp)
** Ottawa and most provincial finance ministers have reached a breakthrough agreement to expand the Canada Pension Plan, with all but Manitoba and Quebec signing on to the deal. (http://bit.ly/28LB2Tg)
NATIONAL POST
** There are “systemic vulnerabilities” in the Canadian mortgage market that would be exposed if the country were hit by a U.S.-style housing meltdown, according to a report from Moody’s Investors Service. (http://bit.ly/28LBhOc)
** The Canadian entertainment and media sector can expect slow growth and will lag behind the global economy for the next five years, says a report Monday by PricewaterhouseCoopers. (http://bit.ly/28LBssx)
** Regardless of which political party wins the November vote, Democrat Hillary Clinton or presumptive Republican candidate Donald Trump have both taken protectionist positions on trade – in particular, they have been critical of the North American Free Trade Agreement (NAFTA), which is “generating uncertainty for Canadians,” a new report warns. (http://bit.ly/28LF7Xt)
The post Frontrunning: June 21 appeared first on crude-oil.top.