- Bad News Is Great News: Cautious Yellen drives world stocks near 2016 peaks (Reuters)
- Yellen Spurs Global Stock Rally as Oil Rebounds, Dollar Tumbles (BBG)
- Trump drops pledge to back Republican presidential nominee other than himself (Reuters)
- Second judge says Clinton email setup may have been in ‘bad faith’ (Reuters)
- Brussels Airport Remains Shut as Police Hunt Third Attacker (BBG)
- Europe Traders Aren’t Waiting Around to See If Rebound Holds (BBG)
- Western Digital Bond Sale Is Test for Junk Market (WSJ)
- Owe Back Taxes? Lose Your Passport (BBG)
- Most Americans support torture against terror suspects (Reuters)
- Europe’s Bond Shortage Means Draghi Is About to Shock the Market (BBG)
- Tata confirms plan to sell UK steel businesses (FT)
- Corporate Bond Yields Touch Record Lows in Europe’s Periphery (WSJ)
- Zuma’s Friends the Guptas Face Probe by South African Police (BBG)
- Another Condo Bust Looms in Miami (WSJ)
- Obama Announces New Measures to Combat Heroin, Painkiller Abuse (WSJ)
- Foxconn agrees to buy Sharp after slashing original offer (Reuters)
- Hackers Breach Law Firms, Including Cravath Swaine and Weil Gotshal (WSJ)
Overnight Media Digest
WSJ
– Tata Steel of India, one of the world’s largest steelmakers, said Tuesday that it would explore a sale of its struggling UK holdings, including its Port Talbot plant in Wales, a move that could threaten thousands of local jobs. (http://on.wsj.com/1qgPy8W)
– Western Digital Corp is offering investors higher yields on $5.6 billion in junk bonds backing its takeover of SanDisk Corp, the latest sign that demand for low-rated debt remains mixed despite a market rally over the past six weeks. (http://on.wsj.com/1q0tEa9)
– Egyptian authorities said the EgyptAir hijacker arrested in Cyprus with fake explosives had no known links to any terrorist groups, and a Cypriot official described him as being in a ‘fragile mental state’. (http://on.wsj.com/1SsZODV)
– Audio-sharing platform SoundCloud on Tuesday began selling paid subscriptions to one of the biggest music catalogs online, a move that will test the willingness of consumers to pay for tunes from a service they are accustomed to using free of charge. (http://on.wsj.com/22XC4Ni)
– U.S. President Barack Obama announced new steps Tuesday to combat a deadly epidemic of heroin and painkiller abuse in the U.S., including improving access to drug-treatment programs and expanding distribution of a drug that can reverse overdoses. (http://on.wsj.com/1UBlXEb)
FT
*The British steel industry suffered a severe blow as Tata Steel Ltd, the Indian steel giant, confirmed it was about to put its entire UK business up for sale. (http://bit.ly/1VSjtAn)
*Senior engineers at French utility EDF SA have estimated a two-year delay for Hinkley Point nuclear project in the UK and suggested reassembling its reactor technology. (http://bit.ly/1VS8W8d)
*UniCredit SpA, Italy’s largest bank by assets, is in talks with the Roman government to seek support for capital raising targeted at 2 billion euros ($2.26 billion) at mutual bank Popolare di Vicenza, according to five people with direct knowledge of the matter. (http://bit.ly/1VSkl80)
*Bank of America Corp is extending caution to its senior staff not to use the word “Brexit” while talking to clients as it tries to keep its distance from the debate over the UK’s membership in the European Union. (http://bit.ly/1VSkata)
NYT
– Spotify is about to close on a $1 billion deal that would double the amount of financing the music-streaming company has raised since its founding a decade ago.(http://nyti.ms/1Y0e4FW)
– With an eye to President Obama’s legacy and his own, Treasury Secretary Jacob Lew on Wednesday will hail the success of economic sanctions against Iran and other global offenders, but warn that their overuse could threaten the primacy of the United States and the dollar in the world economy. (http://nyti.ms/1RxQI6v)
– Attorneys general from Massachusetts and the Virgin Islands announced Tuesday that they would join Eric T. Schneiderman, New York’s attorney general, in his investigation into whether Exxon Mobil lied in decades past to investors and the public about the threat of climate change. (http://nyti.ms/25vu6x0)
– Hedge fund billionaire Louis M. Bacon’s charitable foundation was a victim of a fraudulent scheme by Wall Street executive Andrew Caspersen, the foundation said on Tuesday. (http://nyti.ms/1q0sRG8)
– Janet Yellen, the Federal Reserve chairwoman, said on Tuesday that the United States economy remained on track despite a rough start to the year because the drag from weak growth in other countries was being offset by lower borrowing costs. (http://nyti.ms/1WWD0Oi)
Canada
THE GLOBE AND MAIL
** As overall complaints to Canada’s telecom ombudsman remain steady, Rogers Communications Inc has posted a significant drop in the number of times its customers take their gripes to the industry complaint body. The Federal Commissioner for Complaints for Telecommunications Services said in a midyear report that complaints relating to Rogers Communications was down 65 percent to 437 from the same period last year. (http://bit.ly/1Y0njpn)
** Prices for copper and oil are poised to fall, according to a report by Kevin Norrish, a widely followed analyst with Barclays PLC. (http://bit.ly/1WXkPYL)
** Credit rating agency DBRS Ltd delivered an upbeat assessment of Canada’s big banks, arguing that the geographic diversity of their operations will help them navigate a weak Canadian economy and a struggling energy sector. (http://bit.ly/1qhSzWo)
NATIONAL POST
** Equifax Canada and land registry company Teranet Enterprises Inc have signed a five-year agreement to create a service for clients that will use the analytical expertise and the credit and property data assets that each company possesses to assess homeowners’ credit-worthiness. (http://bit.ly/1RIO64S)
** Uber Technologies Inc may have suspended its operations in Edmonton this month, but it’s still calling on Toronto city council to emulate the Alberta capital when it votes on new ride-sharing regulations this spring. (http://bit.ly/1PF8Fy3)
Britain
The Times
– The Federal Trade Commission has accused Volkswagen AG of deceptively advertising “clean diesel” vehicles and promoting ones fitted with illegal pollution-cheating devices. (http://thetim.es/1VSkJ6y)
The Guardian
– Sports Direct has upped its stake in Findel Plc to nearly 30 percent, in the latest stage of its battle to wrest control of the online specialist. (http://bit.ly/1VSkKqQ)
– A.G.Barr Plc, the Scottish soft drinks maker best known for Irn-Bru, has reiterated its annoyance at George Osborne’s sugar tax but says it expects little financial impact because it will change its recipes to adapt to the measure. (http://bit.ly/1okJ3An)
The Telegraph
– Aviva Plc Chief Executive Mark Wilson saw his pay more than double last year on the back of the company’s acquisition of rival Friends Life. According to the company’s annual report, which was published today, Wilson received 5.67 million euros ($6.40 million) last year, up from 2.6 million euros in 2014. (http://bit.ly/1okJgTU)
Sky News
– Energy Secretary Amber Rudd has risked igniting a fresh Brexit row after it emerged that her department had urged electricity suppliers to echo her warning that leaving the European Union could cost consumers 500 million pounds a year. (http://bit.ly/21ShF9X)
The Independent
– Tata Steel Ltd is reportedly preparing to announce the sale of its entire UK operation, putting thousands of UK jobs at risk. The company held a board meeting in Mumbai on Tuesday to discuss the fate of the Port Talbot plant. (http://ind.pn/21SitM7)
Запись Frontrunning: March 30 впервые появилась crude-oil.top.