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Frontrunning: October 12

  • Central Bankers Urge Fed to Get On With Interest-Rate Increase (WSJ)
  • Bond Market Casualties Leading Biggest S&P 500 Revival Since '11 (BBG)... on hopes of more easing
  • U.S. Patrols to Test China’s Pledge on South China Sea Islands (WSJ)
  • Merkel Under Fire: German Conservatives Deeply Split over Refugees (Spiegel)
  • Assault Weapons Ban Before U.S. Supreme Court (NBC)
  • Hedge Funds Are Playing 'Dangerous Game' With Copper (BBG)
  • What Scandal? Fantasy Sports Sites Just Had Their Biggest Weekend Ever (BBG)
  • Hillary Clinton Prepares for Crucial Campaign Stretch (BBG)
  • Why the Carnage in Ankara Has Left Turkey Even More Divided (BBG)
  • Islamic State is prime suspect in Turkey bombing: PM Davutoglu (Reuters)
  • Fury towards Erdogan intensifies after Ankara attack (AFP)
  • Cyberwar Ignites a New Arms Race (WSJ)
  • Define irony: China's quality watchdog ‘highly concerned’ by VW diesel emissions scandal (SCMP)
  • VW Loans for Clean Engine Development Under Scrutiny, EIB Says (BBG)
  • SEC Trims Use of In-House Judges (WSJ)
  • Saudi Arabia Interprets Anti-ISIL Campaign in Syria as Russia-Iran Alliance  (Sputnik)
  • Enforcing a global climate deal: speak loudly, carry no stick (Reuters)
  • Princeton's Angus Deaton Wins Nobel Prize for Economics (BBG)


Overnight Media Digest


- Iran test-fired a new generation of surface-to-surface ballistic missiles on Sunday, a move that could complicate the implementation of the country's July nuclear deal.(

- The Securities and Exchange Commission has quietly pulled back on its use of SEC administrative law judges in contested cases, a practice that brought it criticism and legal challenges.(

- The United Auto Workers plans to give rank-and-file members more than a week to review a revised tentative contract with Fiat Chrysler Automobiles . (

- U.S. patrols near Chinese-built islands in the South China Sea, which could start within days, will challenge Xi Jinping's surprise pledge not to "militarize" the islands. (

- Officials who gathered in Lima, Peru, for the IMF's annual meeting delivered a message to their American counterparts: Please stop dithering and raise rates. (



At the cross-party movement launch in London on Monday, Chairman Lord Rose, former Marks and Spencer chief executive and Conservative peer will rebut claims by anti-EU campaigners that it would be the "patriotic course" for Britain to withdraw from the trading bloc, as part of the campaign to keep Britain in the European Union.

In a move that could put Prime Minister David Cameron on a collision course with his party's shire heartlands, the British government will introduce new powers to overrule councils which are reluctant to build homes.

Finance Minister George Osborne hailed the strength of the British economy at the annual meeting of the International Monetary Fund as reports show rapid growth in wages, improved business optimism and a "sugar rush" of consumer spending but acknowledged that the future is likely to be more difficult as uncertainty hangs over the global economy.

John McFarlane, the chairman of Barclays PLC, said European investment banks should consider merging to create a regional champion to compete with US rivals, drawing attention to the concerns of senior bankers in Europe about their sector's future.



- The International Monetary Fund, the host of last week's meetings in Peru, and the first line of defense in bailing out emerging-market nations that run short of cash, has said that the Federal Reserve should refrain from an interest rate increase in light of the weak global economy.(

- ChemRisk is locked in a legal fight with two activists who published an unpaid article in The Huffington Post about the company's work related to the Deepwater Horizon oil spill. (

- Mississippi, which has some of the highest rates of attrition from the insurance marketplace this year, is symbolic of the challenge facing the exchanges: keeping the customers they have. (

- On Monday, Jersey City Mayor Steven M. Fulop will introduce legislation to legalize the use of all short-term sleepover web services, like Airbnb and HomeAway. The law is expected to be approved by November. (

- Under pressure from the British government, the LetterOne Group, an investment vehicle led by the Russian billionaire Mikhail Fridman, said on Sunday that it had sold oil and natural gas assets in the British North Sea for about $750 million to Ineos, a Switzerland-based petrochemical company with no previous experience operating oil and gas fields. (




** The divorce between United States Steel Corp and U.S. Steel Canada Inc will likely lead to new bids for the Canadian unit, sources familiar with the restructuring said. (

** North America is awash in cheap oil, which means it's also awash in idle drilling rigs, hydraulic fracturing spreads and waste disposal crews. Low crude prices have hammered the entire Canadian energy sector. But the oilfield services industry has been hit particularly hard, with no quick relief in sight. (

** With one week left before Election Day, the last stage of a grueling campaign for political power in Canada has come down to this: trying to catch Justin Trudeau. (

** Two former RCMP officers have launched a class-action lawsuit against the force, alleging their confidential mental-health records were unlawfully released. The lawsuit, which must be certified by a British Columbia Supreme Court judge to move forward, alleges the RCMP released the psychological counseling records of at least five members to the College of Psychologists of British Columbia in 2012. (

** The hard-fought softwood-lumber agreement that ended decades of trade wars between Canada and the United States expires on Monday. A new battle with U.S. lumber producers could have enormous consequences for Canada's forest industry, and in particular, British Columbia's economy. (


** This has been one great sprawl of an election, which has ricocheted from the great to the small, from the Duffy courtroom to the oath of citizenship, from minutely parsed debates to what seems a record rash of candidate gaffe. (

** The New Democratic Party candidate for Winnipeg South, Patrick Martin, is standing in his campaign office, proudly sporting a lapel pin that reads Opto Civilitas - civility caucus. He says former Conservative pitbull, John Baird, and he started the club. (

** Two Niagara Regional Police officers were shot on Saturday night while responding to a report of a suicidal man at a Fenwick apartment building. One man has also been shot in the incident that unfolded at Canboro Gardens at the corner of Balfour Street at 704 Canboro Rd. (




- The "Yangtze River Economic Belt Big Data Platform", launched in Shanghai on Sunday, released the first Yangtze River Economic Belt integrated index, according to the Xinhua News Agency. The index analyses data from 110 cities of nine provinces.


- By Oct. 11, 1,083 Shanghai- and Shenzhen-listed companies had released third-quarter performance forecasts, with more than 60 percent forecasting growth in the first three quarters.



The Times

- Brewer Anheuser-Busch InBev is expected to increase its offer for SABMiller early this week in a desperate attempt to land its London-listed rival. Sources close to AB InBev, maker of Budweiser, said it was likely to table an improved offer of 43 pounds ($65.88) to 44 pounds a share before the 5 pm bid deadline on Wednesday. (

- Ineos, the chemicals giant, has agreed to buy a dozen gas fields from L1 Energy, the London-based oil company set up by Ukrainian billionaire Mikhail Fridman. The deal is Ineos's first foray into oil and gas production. (

The Guardian

- Britain's private sector workers are enjoying the fastest real wage growth in 14 years, with pay deals picking up as inflation hovers close to zero, according to a leading think tank. Analysis by the Resolution Foundation suggests that private sector wages rose at an annual rate of up to 3.6 percent in the three months to August, due to rising wages and flat living costs. (

The Telegraph

- Energy firm Carlton Power was awarded a contract by the Department of Energy and Climate Change in 2014 to build a new 1.9 gigawatt plant at Trafford in Greater Manchester. The 800 million pound plant was due to start generating in October 2018, but Carlton Power said it could no longer meet that date and failed to secure financial backers for the project. (

- Online shoppers will have to wait longer for their orders to arrive as a shortage of lorry drivers nears crisis levels. Freight Transport Association figures show Britain needs another 60,000 LGV drivers in addition to the 326,000 qualified in the UK, but only 20,000 are entering the profession each year. (

Sky News

- The UK government will hold talks with German officials this week in an attempt to unblock the 10 billion pound privatisation of Urenco, the uranium processing giant. Talks have been scheduled between two of the three shareholders in the UK-based company amid concerns that securing the approval of the Dutch state is proving excessively complex. (

The Independent

- People's access to basic rights such as water and energy could be at the mercy of multinational corporations, according to a new report into two controversial EU free trade deals. The report claims that the agreements could allow all public services to be locked into commercial deals that would place profit above the rights of individuals to access basic services - regardless of any possible consequences for welfare. (

- MP's will demand to know why there are serious inconsistencies between diesel car emissions data in testing laboratories and on the road as the Volkswagen scandal reaches Parliament. Volkswagen AG's UK managing director, Paul Willis, and Paul Higgs, chief executive of the Vehicle Certification Agency, which tests for emissions, are among witnesses due before the House of Commons Transport Select Committee. (