Zero Hedge
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

Frontrunning: February 17

  • ‘In Trump We Trust’ Is Market Mantra as Turmoil Besets White House (BBG)
  • World stocks lose momentum after record-breaking week (Reuters)
  • As Tax Debate Heats Up, Lawmakers Struggle to Think of a Plan B (WSJ)
  • Mnuchin Warned as G-20 Sees New Economic Order (BBG)
  • Deutsche Bank examined Donald Trump's account for Russia links (Guardian)
  • Stop hurling insults and listen, Pope Francis tells politicians (Reuters)
  • Carney, Wrong on Brexit, May Have Called Consumer Collapse Right (BBG)
  • SCOTUS to frame Trump's immigration plans (Reuters)
  • Trump Assails Critics as Russia Questions Mount (WSJ)
  • French Bonds Drop on Potential Left-Wing Candidacy Merger (BBG)
  • S&P downgrade warning sends Toshiba shares falling (Reuters)
  • Meet the Gold Rush Towns at Risk of Flooding From California Dam (BBG)
  • Kremlin says not disappointed by how U.S-Russia ties are developing (Reuters)
  • Kraft Heinz to pursue merger despite Unilever rejection (Reuters)
  • Hurdles Mount for Saudi Aramco’s IPO (WSJ)
  • Malaysia says needs kin's DNA before releasing Kim Jong Nam's body (Reuters)
  • Theranos Had $200 Million in Cash Left at Year-End (WSJ)
  • Congress Tests Trump Officials on Trade (WSJ)
  • Zuckerberg Lays Out Vision for Facebook in New Mission Statement (WSJ)
  • Pakistan crackdown after suicide attack claimed by Islamic State (Reuters)

Overnight Media Digest


Allianz SE said it would launch a share buyback worth up to 3 billion euro, as Europe's largest insurance group posted a 23 per cent rise in fourth-quarter profits.

Shares in UK aerospace and defence company Cobham Plc dropped almost 20 per cent after it issued its fifth profit warning in just over a year and said earnings could fall further next year.

Bruce Carnegie-Brown is set to be named as the new chairman of Lloyd's, the London insurance market. The 58-year-old will replace John Nelson, who has held the post since 2011 and is due to step down later this year.

Stock in Samsung Electronics Co Ltd fell as much as 1.6 per cent at the open on Friday after the early-morning arrest of Lee Jae-yong, heir apparent of Samsung Group.



- UnitedHealth Group is accused in a scheme that allowed its subsidiaries and other insurers to improperly overcharge Medicare by "hundreds of millions — and likely billions — of dollars" according to a lawsuit made public on Thursday at the Justice Department's request.

- In a 5,800-word letter posted publicly, Facebook CEO Zuckerberg expressed alarm that what was once considered normal — seeking global connection — was now seen by people and governments around the world as something undesirable.

- Jeffrey A. Zucker, the president of CNN, has been at the center of a media firestorm since President Trump started singling out the cable network as the country's leading distributor of that favorite Trump phrase "fake news"

- The de facto leader of Samsung, Lee Jae-yong, was arrested Friday on bribery charges, a dramatic turn in South Korea's decades-old struggle to end collusive ties between the government and powerful family-controlled conglomerates.

- Moving quickly after his first choice for labor secretary withdrew his nomination amid controversy, President Trump made a seemingly safe selection on Thursday in Alexander Acosta, a Florida law school dean and former assistant attorney general.

- Snap Inc disclosed on Thursday that it expected to be valued at as much as $22.2 billion in the sale. At the midpoint of the offering's range of $14 to $16 per share, Snap would be worth nearly $20.9 billion.



The Times

The volume of French bonds being traded has doubled this month to levels not seen since the eurozone crisis because of uncertainty about the outcome of the presidential election in late April.

Britain has taken a step closer to relying on imported gas after Centrica Plc said that the country's only sizeable storage facility may be out of action next year.

The Guardian

The Competition and Markets Authority is to scrutinise Heineken NV's planned 305 million pounds acquisition of 1,900 pubs from Punch Taverns Plc, a deal that will make the Dutch brewer the UK's third-largest pub group.

The UK business secretary, Greg Clark, has said he has been reassured about the future of General Motor Co's Vauxhall production operations in Britain, following a meeting with the U.S. carmaker's chairman.

The Telegraph

Bruce Carnegie-Brown will be announced as the new chairman of Lloyd's of London next week as the former JP Morgan veteran secures one of the most prestigious posts in the City.

The UK's biggest banks have warned the government against launching a "significant" overhaul of the rules governing executive pay, the Daily Telegraph has learned.

Sky News

Train drivers have voted to reject a deal that their union, ASLEF, had agreed with Southern Rail to end a long-running dispute.

Thousands of Argos workers will share a 2.4 million pounds payout after it emerged they had been paid less than the national living wage.

The Independent

Deutsche Bank AG, the troubled German lender that loaned hundreds of millions of dollars to Donald Trump, has performed a detailed investigation into the U.S. president's personal accounts in a bid to determine whether he had any connections with Russia.