Frontrunning: March 18
By Tyler Durden
- Dow’s Freakish Bounce Makes Investors Whole, Can’t Erase Doubts (BBG)
- R.I.P. Dollar Rally as Dovish Fed Spurs Worst Slump Since 2011 (BBG)
- Global Currencies Soar, Defying Central Bankers (WSJ)
- Oil hits 2016 high above $42 on production and demand outlook (Reuters)
- The U.S. Is Exporting Its Oil Everywhere (BBG)
- Hillary Clinton’s Allies Launch Plan to Undercut Donald Trump Now (WSJ)
- Sanders calls notion he should quit Democratic race ‘absurd’ (Reuters)
- Turns Out a ‘Lie’ Lurked Beneath the Bookends of the BRICS (BBG)
- Valeant Jitters Infect Specialty Drug Sector (WSJ)
- Subprime auto loans come under scrutiny (FT)
- ECB Urges Italy Banks Planning M&A to Target Strong Capital (BBG)
- Senators say they might confirm Obama’s high court pick after election (Reuters)
- Aubrey McClendon Left His Biggest Backer With Billions to Lose (BBG)
- BlueCrest Money Manager John McNiff Said to Leave Hedge Fund (BBG)
- Toshiba says it may write down nuclear business, U.S. units probed (Reuters)
- Defiant North Korea fires ballistic missile into sea (Reuters)
- Ex-Porsche Executives Acquitted of Market Manipulation in Volkswagen Bid (WSJ)
- U.S. sees new Chinese activity around South China Sea shoal (Reuters)
Overnight Media Digest
WSJ
– Efforts by many of the world’s central banks to weaken their currencies are failing, raising concerns about whether policy makers are losing the ability to wield control over financial markets. This was the case again in Japan on Thursday, when the dollar fell 1.1 percent against yen. (http://on.wsj.com/1Ua8DpS)
– TransCanada Corp, the company behind the controversial Keystone XL oil pipeline project, agreed to buy Columbia Pipeline Group Inc for $10.2 billion. (http://on.wsj.com/1Ua8Idi)
– Lear Corp, one of the world’s biggest auto suppliers is pressing the United Auto Workers to agree to lower wages in exchange for relocating jobs from Mexico back to Detroit. (http://on.wsj.com/1Ua8K4W)
– WiseTech Global Ltd, a software company launched out of a Sydney basement in the 1990s, said it had lodged a prospectus with the Australia’s securities regulator for an initial public offering that could see it list with a market value of more than 1 billion Australian dollars ($765.50 million) after raising A$100 million-A$220 million. (http://on.wsj.com/1Ua8NNW)
– JPMorgan Chase & Co said its board authorized the repurchase of an additional $1.88 billion of the New York bank’s stock through the end of the second quarter. (http://on.wsj.com/1UaaJWR)
– Since announcing plans to sell a minority stake in its Paramount Pictures studio three weeks ago, Viacom Inc said it has received interest from three dozen companies, even as Paramount is experiencing a particularly weak quarter at the box office. (http://on.wsj.com/1UaaMC5)
FT
* SNP will not match Osborne’s tax cut for higher earners. (http://bit.ly/1RpGOmz)
* Disgraced former FIFA president Blatter paid $3.7 mln salary. (http://bit.ly/1RpGR1E)
* Google to sell robot maker Boston Dynamics. (http://bit.ly/1RpHict)
Overview
* Scottish National Party …read more
Source: Frontrunning: March 18
