- Trump knocks Rubio out of race, Republicans in turmoil (Reuters)
- Fed to Signal Worst Is Over, Hikes Coming: Decision-Day Guide (BBG)
- Four Economists See a Surprise from the Fed This Week (BBG)
- Global Stocks Muted Ahead of Fed Announcement (WSJ)
- Stop-Trump Groups Make One Last Bet on Rubio, and Lose (BBG)
- China’s Li Seeks ‘Win-Win’ for Growth-Reform Plan Analysts Doubt (BBG)
- President Obama to Announce Supreme Court Pick Wednesday Morning (WSJ)
- Japan’s major firms, in blow to Abenomics, offer smaller 2016 pay hikes (Reuters)
- New Guard Rises in Saudi Arabia as Oil Crisis Forces Rethink (BBG)
- London Stock Exchange, Deutsche Börse Agree to Merge, Creating $30 Billion Operator (WSJ)
- Stiglitz to Abe: Don’t Raise Japan’s Sales Tax, Stimulate Growth (BBG)
- Suicide bombing exposes divisions tearing at Turkey’s stability (Reuters)
- U.S. Bombing of Islamic State Fell to 8-Month Low in February (BBG)
- Japan to throw away kitchen scales in overhaul of consumption data (Reuters)
- Meet the DIY Quants Who Ditched Wall Street for the Desert (BBG)
- BHP Billiton CEO Says Considering Possible Copper, Petroleum Acquisitions (WSJ)
- Volkswagen Europe Market Share Continues Drop Amid Recalls (BBG)
- North Korea Sentences U.S. Student to 15 Years Hard Labor (WSJ)
- Chipotle Weighs Stepping Back From Some Food-Safety Changes (WSJ)
Overnight Media Digest
WSJ
– Valeant Pharmaceuticals International Inc, having struggled for months to reclaim investor favor, Tuesday offered a financial outlook worse than many feared, prompting an exodus from the stock that cut the market value of the company in half. (http://on.wsj.com/253rsyc)
– U.S. Federal Communications Commission Chairman Tom Wheeler is likely to circulate a draft order as soon as this week approving Charter Communications Inc’s $55 billion deal to buy Time Warner Cable Inc with certain conditions, according to people familiar with the matter. (http://on.wsj.com/253rtlP)
– The Obama administration unveiled some of the most extensive changes in decades to rules on U.S.-Cuba trade, financial transactions and travel, including a provision that effectively lifts the long-standing ban on American tourists visiting the country. (http://on.wsj.com/253rvKt)
– Apple Inc is working to bolster its encryption so that it won’t be able to decode user information stored in iCloud, according to people familiar with the matter. But Apple executives are wrestling with how to strengthen iCloud encryption without inconveniencing users. (http://on.wsj.com/253rBBX)
– Caesars Entertainment Corp and its private-equity owners engineered a series of deals that hurt the company’s now-bankrupt operating unit and its creditors, resulting in potential damages of $3.6 billion to $5.1 billion, a court-appointed bankruptcy investigator concluded. (http://on.wsj.com/253rFkY)
– Sony Corp delayed the release of its PlayStation VR virtual-reality system by several months, giving competitors a half-year head start on a technology expected to create a major market. (http://on.wsj.com/253rIxk)
– Chipotle Mexican Grill Inc is considering stepping back from some of the food-safety changes it touted just a month ago in the wake of a series of disease outbreaks, according to people familiar with the matter. (http://on.wsj.com/253rNBa)
FT
* Lockheed Martin Corp CEO Marillyn Hewson said on Tuesday, that the company is near a technological breakthrough that could help U.S. fighter jets reach Mach 6, or six times the speed of sound.
* British Finance Minister George Osborne is said to admit that he has broken two out of the three fiscal rules that he had laid out in last year’s election.
* German power firms E.ON, RWE and Vattenfall clashed with government members at a court hearing over the country’s controversial decision to shut down all nuclear plants by 2022
NYT
– The Serious Fraud Office of Britain said on Tuesday that it had closed a long-running criminal investigation into the potential rigging of the foreign currency market without bringing any charges. (http://nyti.ms/1pnkofj)
– Anterra Capital, a venture capital firm focused on food and farming start-ups, plans to announce on Wednesday that it has closed its investment fund at $125 million. (http://nyti.ms/1pnlRlN)
– The New York Stock Exchange has completed an overhaul of its regulatory functions, naming Anthony Albanese, the former acting New York state financial industry regulator, as its chief regulatory officer. (http://nyti.ms/1pnlYOh)
– Volkswagen AG’s in-house bank said on Tuesday that profit was likely to fall this year because the automaker’s diesel emissions scandal would increase the interest the company must pay to raise money from financial markets. (http://nyti.ms/1pnmETD)
Canada
THE GLOBE AND MAIL
** The Royal Canadian Mounted Police has ruled out pursuing criminal investigations against 24 of 30 current and former senators whose expenses were flagged by Auditor-General Michael Ferguson after a two-year forensic audit of the Red Chamber, sources say. (http://bit.ly/1R2ndtg)
** More than C$16 billion ($11.97 billion) in value was wiped out Tuesday for drug manufacturer Valeant Pharmaceuticals International Inc, after it cut expectations for its growth and recovery. (http://bit.ly/1Uvz87A)
** M&M Meat Shops Ltd is changing its name to M&M Food Market and broadening its offerings as it tries to win back consumers to its frozen fare by persuading them to stock up for an entire meal and not just on meat. (http://bit.ly/1Lq4rzn)
NATIONAL POST
** Empire Co Ltd’s extremely weak third quarter results, thanks to a sharp gross margin pullback in food retailing, is the result of a deterioration in its Western Canadian business.(http://bit.ly/22ltmYN)
** Amazon.com Inc has investors in the transportation sector rattled. The e-commerce giant appears to be making a big push into managing its freight transportation capacity internally, as opposed to outsourcing it. (http://bit.ly/1Pbs7Sx) ($1 = 1.3371 Canadian dollars)
Britain
The Times
UK’s Serious Fraud Office suffered another blow to its reputation yesterday after it abandoned a high-profile investigation into the rigging of the $5 trillion-a-day global currency markets. (http://thetim.es/1pmT7JG)
J Sainsbury Plc posted its first increase in sales in more than two years and held its market share in a tough fourth quarter for Britain’s struggling grocery sector. (http://thetim.es/1TMzfNh)
The Guardian
Royal Bank of Scotland Group Plc is cutting 448 investment banking jobs in the UK, moving two-thirds of them to India. (http://bit.ly/1XtLkFf)
The Sports Direct International Plc founder, Mike Ashley, is to be formally summonsed to appear before MPs to explain his company’s treatment of its workers. (http://bit.ly/1Rk0vw8)
The Telegraph
Thousands of schools will be able to open for an average of an hour longer a day in an end to the “Victorian” tradition of the 3:30 p.m. bell, British Finance Minister George Osborne will announce as he puts education at the heart of his Budget speech. (http://bit.ly/1M6bld8)
Sir Martin Sorrell, founder and chief executive of advertising giant WPP Plc, will receive a 63 million stg pay cheque in one of the largest corporate payouts in history. (http://bit.ly/1nML7AO)
Sky News
British Infrastructure Club, which will seek to replicate the track record of leading state-backed investment funds, will be headed by Graeme Bevans, the architect of Canada Pension Plan Investment Board’s (CPPIB) infrastructure wing. (http://bit.ly/1LoZg2x)
Eurostar has reported a 38 percent fall in annual profits as it counted the cost of disruptions during a year when it was hit by the migrant crisis as well as a drop-off in visitors to Paris after the terror attacks on the French capital. (http://bit.ly/1R1xLca)
The Independent
Russian President Vladimir Putin is willing to jettison President Bashar al-Assad as part of a deal to end the five-year conflict in Syria, Western powers believe. (http://ind.pn/1S2OjD0)
Запись Frontrunning: March 16 впервые появилась crude-oil.top.