- Stocks Extend Pre-Vote Selloff as Treasuries Gain; Lira Weakens (BBG)
- Fears over US election spur investors’ dash for cash (FT)
- Republican Voters Rallying to Trump Leave Party Leaders in Awkward Spot (BBG)
- Trump gains ground on Clinton: Reuters/Ipsos States of the Nation (Reuters)
- Hillary Clinton take 3-point lead in the latest ABC News/Washington Post tracking poll results (ABC)
- Trump Opens Big Lead Over Clinton On Character, Economy: IBD/TIPP Poll (IBD)
- U.S. employment growth, wages seen picking up in October (Reuters)
- Big Hit on Drug Stocks Caps $26 Billion Decline for John Paulson (WSJ)
- Steve Ballmer Says Smartphones Broke His Relationship With Bill Gates (BBG)
- U.S. manufacturing economy fails employers and workers (Reuters)
- This Election Shines a New Light on Wall Street’s Bro Culture (BBG)
- Hong Kong raises stamp duties to tame hot property market (Reuters)
- Covered by Obamacare But They Can’t Afford Treatment (BBG)
- Harvard Suspends Men’s Soccer Team Over Sexually Explicit Rankings of Women Players (WSJ)
- Nobody Knows Why Fortysomethings Are Driving U.S. Productivity (BBG)
- Shell and Total CEOs Question Solar in Room Full of Green Investors (BBG)
- IS leader urges Mosul fighters (AAP)
- Iraqi forces push deeper into east Mosul (Reuters)
- Battle over bathrooms looms large in North Carolina governor’s race (Reuters)
- Fed independence should be scrapped given economic challenges, Summers says (MW)
- Tens of thousands of Indonesian Muslims protest against capital’s governor (Reuters)
Overnight Media Digest
WSJ
– Three U.S. senators asked for data on forms filed by Wells Fargo and Co, which former employees say contained negative comments as retaliation against whistle-blowers. http://nyti.ms/2fkyaMu
– The British government’s plan for leaving the European Union was thrown into uncertainty on Thursday after the High Court ruled that parliament must give its approval before the process can begin. http://nyti.ms/2fn4P2A
– Federal prosecutors have brought eight fraud charges against Jeffry Hill, a former Napa Valley winemaker and vineyard manager who had been accused of stealing grapes and deceiving customers about the source and type of grapes in the wines he sold. http://nyti.ms/2fJLJb1
– Egypt’s central bank on Thursday said it would soon allow the country’s currency to trade freely, part of a broader effort to save a free-falling economy and combat an increasingly prevalent black market for American dollars. http://nyti.ms/2eFxT5p
– Google responded on Thursday to two European antitrust charges, saying that its services helped consumers, advertisers and even some competitors find the digital information they seek online. http://nyti.ms/2eFvs2U
– Hillary Clinton still holds a slight edge over Donald Trump, according to the latest New York Times/CBS News poll, but many voters doubt that either candidate can unite the country. http://nyti.ms/2fyc1xS
FT
The Bank of England forecast the biggest sustained overshoot of inflation since it gained independence to set interest rates in 1997.
Air France KLM SA will create a low-cost, long-haul flying unit within Air France, that will operate 10 percent of long-haul routes.
Adidas AG’s new chief executive unveiled plans to overhaul its Reebok brand as the sportswear group’s growth slowed in the third quarter.
Deutsche Bank AG received regulatory approval for the sale of its stake in Hua Xia Bank Co Ltd.
NYT
– Three U.S. senators asked for data on forms filed by Wells Fargo and Co, which former employees say contained negative comments as retaliation against whistle-blowers. http://nyti.ms/2fkyaMu
– The British government’s plan for leaving the European Union was thrown into uncertainty on Thursday after the High Court ruled that parliament must give its approval before the process can begin. http://nyti.ms/2fn4P2A
– Federal prosecutors have brought eight fraud charges against Jeffry Hill, a former Napa Valley winemaker and vineyard manager who had been accused of stealing grapes and deceiving customers about the source and type of grapes in the wines he sold. http://nyti.ms/2fJLJb1
– Egypt’s central bank on Thursday said it would soon allow the country’s currency to trade freely, part of a broader effort to save a free-falling economy and combat an increasingly prevalent black market for American dollars. http://nyti.ms/2eFxT5p
– Google responded on Thursday to two European antitrust charges, saying that its services helped consumers, advertisers and even some competitors find the digital information they seek online. http://nyti.ms/2eFvs2U
– Hillary Clinton still holds a slight edge over Donald Trump, according to the latest New York Times/CBS News poll, but many voters doubt that either candidate can unite the country. http://nyti.ms/2fyc1xS
Canada
THE GLOBE AND MAIL
** The Canadian federal Liberal government is providing an additional C$2.9 billion in loan guarantees for the Muskrat Falls hydroelectric project. http://bit.ly/2fBGD1s
** The Federal Court of Canada has faulted Canada’s domestic spy agency for unlawfully retaining data and for not being truthful with judges who authorize its intelligence programs. Separately, the court also revealed that the spy agency no longer needs warrants to collect Canadians tax records. http://bit.ly/2fBHoHH
** Canadian prime minister Justin Trudeau opened the door to political financing reforms on Thursday that would crack down on fundraising events for which the Liberal Party has been accused of selling preferential access for cash in an apparent violation of the Prime Minister’s own ethical rule. http://bit.ly/2fBGJpy
NATIONAL POST
** Metrolinx, the agency that manages public transit in Ontario, confirmed Thursday it has formally notified its intent to cancel its C$770-million contract with Bombardier Inc to supply light rail vehicles in Toronto. http://bit.ly/2fBC8nq
** Visa Inc, which has accused Wal Mart of using customers as leverage after the retail giant said in June it would stop accepting the credit card in Canadian stores, appears to be ratcheting up the months-long battle by offering C$10 credits to cardholders in Manitoba who shop elsewhere. http://bit.ly/2fBCoTq
** The Canadian Forces has sent a surveillance aircraft to the Arctic to investigate a pinging sound that appears to be coming from the ocean floor, but the military is no closer to solving the mystery of what could be making the noise. http://natpo.st/2fBDL4K
Britain
The Times
Alphabet Inc’s Google is digging in for a protracted fight with the European Commission, describing allegations that it abused its dominance in the online search business as wrong in “fact, law, and economics”. http://bit.ly/2eZY5e7
A French prosecutor has called for HSBC Holdings Plc and two senior executives from its Swiss private banking arm to face criminal trial for enabling customers to hide more than 2 billion euros from the tax authorities. http://bit.ly/2eZW3dP
The Guardian
The British property market’s post-crash boom will come to a halt in 2017 when house prices flatline after five years of increases, according to an industry forecast. http://bit.ly/2eZX8T0
British car manufacturing is at risk of “death by a thousand cuts” if companies invest in other countries rather than the UK after the Brexit vote, an industry leader has warned. http://bit.ly/2eZYjlx
The Telegraph
Online sports betting giant GVC will pay its shareholders an unexpected 30 million euros (27 million pounds) dividend this February after its takeover of Bwin.party earlier this year delivered bumper profits. http://bit.ly/2ejDTQt
The long-awaited announcement about the future of the Navy’s new frigates could come as early as today, delivering a boost to prime contractor BAE Systems Plc. http://bit.ly/2fhIXZX
Sky News
The Bank of England has warned that households face a sharp upturn in inflation over the next few months after tearing up its economic forecasts. http://bit.ly/2eZWYL9
The Pensions Regulator’s decision to initiate formal proceedings against Sir Philip and Lady Green and Dominic Chappell over the hole in the BHS pension scheme is a dramatic moment in this long-running saga. http://bit.ly/2eZZvVN
The Independent
The chief executive of Aston Martin has called for the Government to extend assurances provided to Nissan Motor Co Ltd to other carmakers. http://ind.pn/2eZZRMn
Mexican restaurant chain Wahaca has shut nine of its restaurants after a suspected outbreak of norovirus. Public Health England (PHE) said it had launched an investigation after 205 staff and 160 members of the public fell ill. http://ind.pn/2f010U0
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