Frontrunning: December 8
By Tyler Durden
- Draghi Expected to Lay Out Plans for More ECB Stimulus (WSJ)
- Bonds Fall as Investors Turn Wary on ECB Stimulus; Euro Gains (BBG)
- European Stock Traders Look to Draghi to Break Santa Curse (BBG)
- Trump to nominate Pruitt to lead U.S. environmental agency (Reuters)
- Trump’s choice of China envoy a positive sign for ties, Xinhua says (Reuters)
- Syrian Rebels Pin Hopes on Trump (WSJ)
- Trump Pick of EPA Foe to Lead Agency May Spark Senate Fight (BBG)
- Russia Sells Stake in Oil Giant Rosneft to Glencore, Qatar (WSJ)
- The Return of Glencore’s Dealmaking King (Bloomberg)
- Italian bank Intesa to help fund Rosneft deal for Glencore and Qatar (Reuters)
- Sovereign-Wealth Funds Buy Stake in U.K. Gas Business (WSJ)
- Monte Paschi Seeks ECB Reprieve as It Tries to Escape Bailout (BBG)
- Vietnam dredging on South China Sea reef (Reuters)
- Deutsche Bank May Have Rigged Index in Paschi Deal, Audit Shows (BBG)
- Eyeing upswing, more U.S. oilfield service firms restructure (Reuters)
- Michael Jordan Scores China Legal Victory for His Chinese Name (BBG)
- How Trump’s Web of Businesses Obscures Potential Conflicts (WSJ)
- Facebook’s Investors Criticize Marc Andreessen for Conflict of Interest (BBG)
- Merkel Sticks to Middle Ground in Risky Pitch for German Votes (BBG)
- China’s Banks Are Hiding More Than $2 Trillion in Loans (WSJ)
- Facebook’s Investors Criticize Marc Andreessen for Conflict of Interest (BBG)
Overnight Media Digest
WSJ
– U.S. stocks posted their biggest rally since the election, sending major indexes to fresh records as investors increasingly conclude President-elect Donald Trump will be good for business and the economy. http://on.wsj.com/2h8mFLj
– The CEOs of AT&T Inc and Time Warner Inc on Wednesday defended their proposed $85 billion merger to lawmakers, trying to navigate a tricky political landscape in which President-elect Donald Trump has expressed hostility to the deal. http://on.wsj.com/2hjV7yR
– President-elect Donald Trump on Wednesday chose Oklahoma Attorney General Scott Pruitt to lead the Environmental Protection Agency, according to a transition official, turning to a climate-change skeptic and sharp critic of the agency to take its helm. http://on.wsj.com/2gbVAae
– Rampant use of an accounting sleight of hand means Chinese banks don’t have to set aside capital to cover potential losses, sowing fears of a crisis. http://on.wsj.com/2hkJhV0
– President-elect Donald Trump turned to a third retired military officer to help him run the country when he takes office in January, a move that represents an unusual level of military influence in the executive branch. http://on.wsj.com/2hlLn7r
– Passage of legislation aimed at speeding up Food and Drug Administration approvals, combined with an incoming president who has pledged to “cut red tape” at the agency, is expected to usher in a new, more industry-friendly era of drug and device regulation. http://on.wsj.com/2h7fbbb
– Syrian rebels on Wednesday proposed a civilian evacuation and negotiations over the future of Aleppo, a stark admission the opposition is all but defeated in a divided city seen as a bellwether in the country’s nearly six-year …read more
Source: Frontrunning: December 8
