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Frontrunning: February 8
02-08-2017, 09:22 AM,
#1
Frontrunning: February 8
Frontrunning: February 8

<ul>
<li>Stock futures little changed amid earnings rush (<a href="http://www.reuters.com/article/us-usa-stocks-idUSKBN15N1C1?il=0">Reuters</a>)</li>
<li>Workers Set to Strike at World’s Largest Copper Mine (<a href="https://www.wsj.com/articles/workers-set-to-strike-at-worlds-largest-copper-mine-1486532950">WSJ</a>)</li>
<li>For Trump Travel Ban, Hard Questions From U.S. Appeals Court (<a href="https://www.bloomberg.com/politics/articles/2017-02-07/court-weighs-trump-travel-ban-in-key-test-of-presidential-power">BBG</a>)</li>
<li>Melania Trump Sues Mail Online for $150 Million (<a href="https://www.bloomberg.com/news/articles/2017-02-07/melania-trump-says-article-deprived-her-of-a-chance-to-cash-in">BBG</a>)</li>
<li>Ivanka Trump oversaw Murdoch daughters’ trust (<a href="https://www.ft.com/content/a615f0ce-ed90-11e6-930f-061b01e23655">FT</a>)</li>
<li>Trump Gains Ally on Plan to Tap Offshore Profit for Infrastructure (<a href="https://www.bloomberg.com/politics/articles/2017-02-08/trump-plan-to-tap-offshore-profit-for-infrastructure-gains-ally">BBG</a>)</li>
<li>China says United States should 'brush up on' South China Sea history (<a href="http://www.reuters.com/article/us-southchinasea-china-usa-idUSKBN15N04N">Reuters</a>)</li>
<li>Russia Shows Why China Should Just Stop Burning Up Its Reserves (<a href="https://www.bloomberg.com/news/articles/2017-02-08/russia-shows-why-china-should-just-stop-burning-up-its-reserves">BBG</a>)</li>
<li>Trump questions lawmakers' efforts to curb asset seizures by police (<a href="http://www.reuters.com/article/us-usa-trump-police-idUSKBN15M2BU">Reuters</a>)</li>
<li>Companies Plow Ahead With Moves to Mexico, Despite Trump’s Pressure (<a href="https://www.wsj.com/articles/rexnord-plows-ahead-with-mexico-plans-despite-trumps-pressure-1486555201">WSJ</a>)</li>
<li>Concerns Loom Over a U.S. Pact to Protect Privacy of Europeans (<a href="https://www.wsj.com/articles/concerns-loom-over-a-data-sharing-pact-to-protect-privacy-of-europeans-1486549800">WSJ</a>)</li>
<li>Russian court says opposition leader Navalny guilty of embezzlement (<a href="http://www.reuters.com/article/us-russia-politics-navalny-idUSKBN15N12P">Reuters</a>)</li>
<li>Erdogan, Trump agree to act jointly against Islamic State in Syria (<a href="http://www.reuters.com/article/us-usa-trump-turkey-idUSKBN15N02J">Reuters</a>)</li>
<li>China Central Bank Said to Call Bitcoin Exchanges for Talks (<a href="https://www.bloomberg.com/news/articles/2017-02-08/china-central-bank-said-to-call-bitcoin-exchanges-for-more-talks">BBG</a>)</li>
<li>Final call for the research analyst? (<a href="https://www.ft.com/content/85ee225a-ec4e-11e6-930f-061b01e23655">FT</a>)</li>
<li>Big Investors Cut Back on Commercial Property as Bull Market Loses Steam (<a href="https://www.wsj.com/articles/big-investors-cut-back-on-commercial-property-as-bull-market-loses-steam-1486463401">WSJ</a>)</li>
<li>Greek Firefighters Take to Streets Over Hiring Conditions (<a href="https://www.bloomberg.com/news/articles/2017-02-08/greek-firefighters-take-to-streets-over-hiring-conditions">AP</a>)</li>
<li>There’s a Simple, Overlooked Reason for the Global Market Rally (<a href="https://www.bloomberg.com/news/articles/2017-02-08/there-s-a-simple-technical-factor-behind-the-rally-in-markets">BBG</a>)</li>
</ul>
<p>&nbsp;</p>
<p><strong>Overnight Media Digest</strong></p>
<p><em><span style="text-decoration: underline;">WSJ</span></em></p>
<p>- Homeland Security Secretary John Kelly told Congress the Trump administration should have taken more time to inform the legislative branch before implementing its order. <a href="http://on.wsj.com/2kLH5eL" title="http://on.wsj.com/2kLH5eL">http://on.wsj.com/2kLH5eL</a></p>
<p>- Meredith Corp and an investor group led by Edgar Bronfman Jr have advanced in their pursuit of Time Inc as the publisher explores a possible sale. <a href="http://on.wsj.com/2kLHrCb" title="http://on.wsj.com/2kLHrCb">http://on.wsj.com/2kLHrCb</a></p>
<p>- U.S. farm incomes will drop 8.7 percent in 2017, a fourth consecutive year of declines amid a deep slump in prices for many crops. <a href="http://on.wsj.com/2kLM27f" title="http://on.wsj.com/2kLM27f">http://on.wsj.com/2kLM27f</a></p>
<p>- A week into its fight to shake up Arconic's boardroom, Elliott Management Corp says the aerospace and automotive parts maker has a little less room to improve than it previously estimated. <a href="http://on.wsj.com/2kLuFn0" title="http://on.wsj.com/2kLuFn0">http://on.wsj.com/2kLuFn0</a></p>
<p>- Deutsche Bank's corporate and investment-banking chief, Jeffrey Urwin, is in discussions to leave the role, and the lender has been in talks to move its finance chief, Marcus Schenck, to oversee the business. <a href="http://on.wsj.com/2kLGhXm" title="http://on.wsj.com/2kLGhXm">http://on.wsj.com/2kLGhXm</a></p>
<p>- Boutique investment bank Moelis &amp; Co won a coveted spot advising oil colossus Saudi Aramco on its planned initial public offering, according to people familiar with the deal. <a href="http://on.wsj.com/2kLI92f" title="http://on.wsj.com/2kLI92f">http://on.wsj.com/2kLI92f</a></p>
<p>- The International Monetary Fund warned on Tuesday that Greece once again risks a eurozone exit amid stalled bailout talks, sending the clearest signal yet the emergency lender isn't likely to soon rejoin Europe's failed efforts to fix the debt-weary nation. <a href="http://on.wsj.com/2kLGdqC" title="http://on.wsj.com/2kLGdqC">http://on.wsj.com/2kLGdqC</a></p>
<p>&nbsp;</p>
<p><em><span style="text-decoration: underline;">FT</span></em></p>
<p>Lloyds Banking Group is to review the cases of British businesses that lost out in a 245 million pound ($306.45 million) fraud for which six people were jailed last week. The fraud involved two former bankers of HBOS, once Britain's biggest mortgage lender, which was rescued in a state-engineered takeover by Lloyds in 2008. They helped siphon off money from struggling businesses which were HBOS clients.</p>
<p>Israel's Tax Authority said on Tuesday that the chief executive of Deutsche Bank's local subsidiary has been arrested and released on bail over allegations that it mis-reported transactions worth more than 550 million shekels ($146.74 million).</p>
<p>Airbus strategy chief Marwan Lahoud, one of the founders of Europe's largest aerospace group and its M&amp;A czar for the past decade, is leaving the company at the end of February, Airbus said on Tuesday.</p>
<p>Independent investment bank Moelis &amp; Co won the sole advisory mandate for the planned initial public offering of Saudi Aramco.</p>
<p>&nbsp;</p>
<p><em><span style="text-decoration: underline;">Canada</span></em></p>
<p>THE GLOBE AND MAIL</p>
<p>** BlackBerry Ltd is preparing to turn its once-proprietary BBM secure-messaging system into a subscription service that app developers can build into their software to allow for seamless, encrypted communications. <a href="https://tgam.ca/2k1YFH2" title="https://tgam.ca/2k1YFH2">https://tgam.ca/2k1YFH2</a></p>
<p>** Canada's largest private-sector union, Unifor, has publicly thrown its weight behind deposed union leader Bob Kinnear as an increasingly nasty battle over who should represent 10,000 of Toronto's transit workers heated up with allegations of "spies" and a "coup". <a href="https://tgam.ca/2k20Fnn" title="https://tgam.ca/2k20Fnn">https://tgam.ca/2k20Fnn</a></p>
<p>NATIONAL POST</p>
<p>** The Toronto Stock Exchange is vying for a piece of the expected initial public offering of Saudi Aramco as international bourses battle for a slice of what could be the world's largest IPO. <a href="http://bit.ly/2lpLBNF" title="http://bit.ly/2lpLBNF">http://bit.ly/2lpLBNF</a></p>
<p>** Husky Energy Inc had sold a cargo of one million barrels of oil to China, making it a major shipment of oil from Atlantic Canada headed across the globe to markets in China. <a href="http://bit.ly/2kR1a2Y" title="http://bit.ly/2kR1a2Y">http://bit.ly/2kR1a2Y</a></p>
<p>&nbsp;</p>
<p><em><span style="text-decoration: underline;">Britain</span></em></p>
<p>The Times</p>
<p>- Developers that do not build homes quickly enough could have their land seized by local authorities, in plans being proposed by UK government. <a href="http://bit.ly/2kk32OD" title="http://bit.ly/2kk32OD">http://bit.ly/2kk32OD</a></p>
<p>- The government could demand that the Bank of England blocks the London Stock Exchange Group Plc and Deutsche Börse AG's merger, under powers granted to the Treasury when the central bank was nationalised 71 years ago. <a href="http://bit.ly/2kkcrWz" title="http://bit.ly/2kkcrWz">http://bit.ly/2kkcrWz</a></p>
<p>The Guardian</p>
<p>- Britain could lose 30,000 finance sector jobs as a result of Brexit, but EU rivals need to act to avoid importing banking risk to the continent, according to an influential thinktank with close ties to the European commission. <a href="http://bit.ly/2kjPQt6" title="http://bit.ly/2kjPQt6">http://bit.ly/2kjPQt6</a></p>
<p>- British government is on course to impose steep cuts in public spending and increase taxes by the end of the decade to their highest level in 30 years to combat its persistent budget deficit. <a href="http://bit.ly/2kjPZNa" title="http://bit.ly/2kjPZNa">http://bit.ly/2kjPZNa</a></p>
<p>The Telegraph</p>
<p>- The EU faces a crisis which could threaten the sustainability of the eurozone as the International Monetary Fund has warned Greece's debts are on an "explosive" path despite years of attempted austerity and economic reforms. <a href="http://bit.ly/2kjPAKE" title="http://bit.ly/2kjPAKE">http://bit.ly/2kjPAKE</a></p>
<p>- Jeremy Corbyn could be forced to sack one of his closest allies as he faces a Brexit rebellion by more than 50 Labour MPs. The Labour leader has imposed a three-line whip requiring his MPs to support legislation that will enable the Government to trigger Brexit. <a href="http://bit.ly/2kk2ckJ" title="http://bit.ly/2kk2ckJ">http://bit.ly/2kk2ckJ</a></p>
<p>Sky News</p>
<p>- Britain's Co-operative Group released a statement on Tuesday afternoon that said its CEO Richard Pennycook would hand over the reins of the food-to-funerals group to Steve Murrells, the head of its retail business. <a href="http://bit.ly/2kjZTOA" title="http://bit.ly/2kjZTOA">http://bit.ly/2kjZTOA</a></p>
<p>- Lloyds Banking Group Plc is to review all customer cases that may have been affected by a corruption scam involving managers at its HBOS subsidiary. <a href="http://bit.ly/2kjVqvA" title="http://bit.ly/2kjVqvA">http://bit.ly/2kjVqvA</a></p>
<p>The Independent</p>
<p>- The British Government has been accused of "conning" parliamentarians into backing their plans for Brexit without offering them a meaningful vote on any deal to leave the European Union. <a href="http://ind.pn/2kk4T68" title="http://ind.pn/2kk4T68">http://ind.pn/2kk4T68</a></p>
<p>- Islamist hackers linked to ISIS carried out an attack on a series of NHS websites in a cyber-attack exposing serious flaws in security systems meant to protect sensitive information. <a href="http://ind.pn/2kk2sAt" title="http://ind.pn/2kk2sAt">http://ind.pn/2kk2sAt</a></p>
<p>&nbsp;</p>
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