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Frontrunning: September 21

  • Fed is out so...BOJ brainstorms stimulus overhaul as options dwindle (Reuters)
  • And... Yellen Pause Ups Pressure on Draghi as Global Pessimism Mounts (BBG)
  • But... Eurozone Nears Limits of What Monetary Policy Can Do (WSJ)
  • Global shares struggle on global growth concerns (Reuters)
  • VW's Emissions Cheating Found by Curious Clean-Air Group (BBG)
  • David Cameron allegedly fucked a dead pig's head (Mirror)
  • U.S. to Boost Refugee Intake by 30,000 Over Two Years (WSJ)
  • Apple's iOS App Store suffers first major attack (Reuters)
  • Tsipras returns to power to fight for Greek debt relief (Reuters)
  • Tsipras’s Syriza Set to Return to Power After Resounding Greek Election Victory (WSJ)
  • Putin Faces Growing Exodus as Russia's Banking, Tech Pros Flee (BBG)
  • Big Landlords to Merge, Betting on Rising Rents (WSJ)
  • Who's Left to Sell U.S. Stocks? Mood Darkens Most Since Volcker (BBG)
  • Austria saw the arrival of at least 10,000 migrants on Saturday (BBC)
  • Oil Speculators Most Bullish in Two Months as OPEC Calls for $80 (BBG)
  • GE's Immelt says more U.S. jobs likely to move overseas over Exim Bank policy (Reuters)
  • Alibaba's $105 Billion Lockup Ends, Putting Focus on Yahoo Stake (BBG)
  • Bob Diamond Stumbles on Road to Redemption in African Banking (BBG)


Overnight Media Digest


- The United States will boost the number of refugees it accepts in the coming years to 100,000 annually, from 70,000 now, as part of an effort to help Europe cope with a migration crisis, Secretary of State John Kerry said. (

- Alexis Tsipras was set to return to Greece's premiership after a resounding re-election win, this time with a mandate to carry out the very kind of harsh austerity that he was previously elected to resist. (

- Pope Francis met former Cuban President Fidel Castro on Sunday shortly after dissidents said they were detained to prevent them from attending a papal Mass in the country's iconic Revolution Square. (

- Some of the most popular Chinese names in Apple Inc's app store were infected with malicious software in a first-of-its-kind security breach, exposing a rare vulnerability in Apple's mobile platform, according to multiple researchers. (

- The head of Hong Kong's stock exchange was involved in controversial hiring efforts when he worked at JPMorgan Chase & Co, recommending that the bank employ children and acquaintances of Chinese officials, clients and potential clients, according to people familiar with the matter. (

- Warner Bros, the Time Warner Inc owned studio, said it struck a deal with private-equity firm China Media Capital to make Chinese-language films for the fast-growing market. Warner Bros will own 49 percent of the venture called Flagship Entertainment Group Ltd and will be based in Hong Kong. (

- Starwood Waypoint Residential Trust plans to combine with Colony American Homes Inc, valuing Colony at about $1.5 billion based on Starwood Waypoint's closing share price Friday. The merger could be announced as soon as Monday. (



Deutsche Wohnen AG, Germany's second-largest real estate company, is to buy peer LEG Immobilien AG in a 7.6 billion euros ($8.58 billion) deal including debt, as consolidation in the German real estate market intensifies.

The UK has paved the way for the first Chinese-designed nuclear power plant in the West, to be constructed in Essex, in eastern England, saying Beijing could use Britain to launch a global rollout of its technology.

CK Hutchison Holdings Ltd would support an initial public offering for the combined business after the closing of O2's merger with Hutchison's Three network, Canning Fok, co-chief executive of the Hong Kong group, said in an interview with the Financial Times.



- Specialists in infectious disease are protesting a gigantic overnight increase in the price of a drug sold by Turing Pharmaceuticals, used to treat a life-threatening parasitic infection, to $750 from $13.50 a tablet. (

- Volkswagen AG said it would halt sales of cars in the United States equipped with the kind of diesel motors that had led regulators to accuse the German company of illegally installing software to evade standards for reducing smog. (

- Co-founders of Kickstarter, an online crowdfunding website, said it was reincorporating as a "public benefit corporation" to ensure that money would not corrupt their company's mission of enabling creative projects to be funded. (

- Apple Inc confirmed that a tool used by software developers for the company's devices was copied and modified by hackers to put bad code into apps available on the app store. (




** There has been strong interest in a package of six U.S. gold assets that Barrick Gold Corp wants to sell, a senior executive of the company said on Sunday, adding that he expects a deal to close before year-end. The interest has been largely from North America-based miners, Barrick President Kelvin Dushnisky said. (

** Two of Canada's biggest resources companies have endorsed a call for governments and industry to clearly assert the right of aboriginal communities to veto major projects that negatively affect their traditional territories. Suncor Energy Inc and Tembec Inc are members of the Boreal Leadership Council that is releasing a report on Monday, calling for the adoption of the principle of "free, prior and informed consent" when industry is working with indigenous populations. (


** Despite recent stock market volatility and objections from opposition parties, Hydro One Ltd's initial public offering is expected to go ahead later this year. The Ontario government filed a preliminary prospectus on Friday for Canada's biggest IPO in more than 15 years. (



The Times

Cenkos is canvassing opinion among investors for a change of management at the top of Debenhams Plc and the ousting of the chairman. (

The cost to the taxpayer of funding the retirement of 1.3 million former and present staff of National Health Service was close to topping 500 billion pounds ($775.85 billion), London financier Edi Truell said in a report to the Treasury. (

The Guardian

Two companies heading towards flotations in London worth billions of pounds face pressure over a lack of female representation on their boards following criticism from Lord Davies, who oversaw the coalition government's initiative to increase the participation of women on boards. Neither Hastings, which is preparing for a 1.5 billion pounds ($2.33 billion) flotation, nor Worldpay, which could be valued at 3.5 billion pounds ($5.43 billion) when it floats, have any female representation at the highest level. (

Nicola Shaw, who is due to report back to the government early next year on the future structure and financing of Network Rail, said she could not rule out recommending privatisation as a solution to its financial problems. (

The Telegraph

Dan Cobley, the former UK head of Google, has launched a new venture called SalaryFinance, which he claims will become the next "unicorn" - 1 billion-pounds-turnover success story - by offering the nation's workers a solution to their money worries. (

Banks in Britain paid a total of 31.3 billion pounds ($48.57 billion) in tax last year, with foreign banks responsible for just over half of the sector's tide of cash into the Treasury's coffers. (

Sky News

Blackstone Group Lp, which has owned well-known companies in the UK such as Butterkist popcorn and Center Parcs, will announce on Monday that it is pursuing an initial public offering of Dutch financial services company Intertrust. (

Sky News has learnt that Aberdeen Asset Management will sign a deal with Chinese authorities next week to become the first British fund manager to gain a key licence from Beijing to operate on the Chinese mainland. (

The Independent

One in every three people born this year in the UK will eventually develop dementia, according to a new research commissioned by Alzheimer's Research UK, revealing the scale of what has been described as the country's "greatest medical challenge". (