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Frontrunning: February 17

Tyler Durden's picture




 
  • Venezuela's Lopez says ready for arrest at Tuesday march (Reuters)
  • Record Chinese liquidity sends Shanghai Composite back to green for the year (WSJ)
  • Deflation Threat Worries G-20 Roiled by Emerging Markets (BBG)
  • Neither U.S. nor EU has strategy for Ukraine (Reuters)
  • AngloGold Ashanti Chairman Steps Down (WSJ)
  • Italy Yields Seen Climbing as Renzi Gets Mandate (BBG)
  • Group Led by Starr Near Deal to Buy MultiPlan (WSJ)
  • Thai PM under siege, lengthy protests take toll on economy (Reuters)
  • The Value of Annoying Co-Workers (WSJ)
  • Get off work, Mr. Yellen: Yellen Spouse Akerlof Resigns From UBS-Funded Center in Zurich (BBG)
  • Caterpillar Accused of Pressuring Temporary Workers (WSJ)
  • Draghi Vow to Act Splits Economists as Growth Picks Up (BBG)
  • Italian Bonds Rise With Spain’s as Renzi to Form New Government (BBG)

 

Overnight Media Digest

Financial Times

German Chancellor Angela Merkel is set to push French President Francois Hollande to back EU-based alternatives for internet infrastructure dominated by the United States during her visit to Paris.

The Bank of England will only start to increase interest rates when a range of measures suggest the economy is operating at closer to full capacity, central bank governor Mark Carney said in an interview broadcast on Sunday.

Privately held developer Cala is to step up home building by launching two units that would construct new homes in southern England, after almost a year after it was acquired from the Lloyds Banking Group.

Lloyds Banking Group Plc is in talks with Britain's Prudential Regulation Authority over "ringfencing" rules in an attempt to save its investment banking functions, according to sources familiar with the matter.

Barclays will hold an investor roadshow to reassure jittery shareholders after the bank announced its full-year results, and paid higher bonuses despite lower profit.

 

Britain

The Telegraph

RETAILERS REVEAL NEW BUSINESS RATES OPTIONS

The British Retail Consortium has hired accountancy firm EY to research alternatives to the tax and will on Monday publish three potential options alongside modifying the existing system.

READER'S DIGEST SOLD FOR 1 POUND BY BETTER CAPITAL

Reader's Digest has been sold for just 1 pound by Better Capital to a venture capitalist whose former television company created "Bob the Builder". The sale marks another chapter in the magazine publishing company's chequered history.

The Guardian

BRITISH GAS OWNER CENTRICA UNDER FIRE FROM FUEL POVERTY CAMPAIGNERS

Centrica, the owner of British Gas, has come under fire from fuel poverty campaigners before announcing profits of almost 3 billion pounds this week. "Although Centrica care little for their customers freezing to death in their homes they have shown commitment to their shareholders, by recently handing back 420 million pounds to them", a spokeswoman for the Fuel Poverty Action group said.

ROYAL MAIL AND CWU IN TALKS OVER WORKING CONDITIONS CHARTER

Royal Mail and the Communication Workers Union have started talks on a company charter to enshrine their post-privatisation agreement over working conditions for more than 100,000 workers so that the terms can only be overturned by a vote of the company's shareholders.

The Times

ESSAR TAKEOVER DEALS BLOW TO CITY CREDIBILITY

The Ruias are putting the final touches to a takeover bid for Essar Energy the power company they floated in 2010.

ROLLS-ROYCE FACES CLASH WITH INVESTORS AFTER ACCOUNTS PROBE

Rolls-Royce faces a showdown with investors over how it accounts for lucrative contracts to service aircraft engines. The company will now hold a briefing on the issue at July's Farnborough airshow.

Sky News

HESTER FLOATS 200 MILLION POUNDS SALE OF RSA CANADA UNIT

Sky News has learnt that RSA has commenced an auction of Noraxis Capital Corporation, a network of regional insurance brokers, which could raise as much as 200 million pounds.

BARCLAYS BEGINS SEARCH FOR WALKER SUCCESSOR

Sky News has learnt that Barclays has engaged headhunters to begin a search process to replace Sir David Walker as chairman in the coming months and has already commenced board discussions about the plan.

 

China

SHANGHAI SECURITIES NEWS

- Data released by China's central bank shows January credit growth approaching a four-year high and social financing at a record, driven by enterprises' mid-term and long-term loans. Peng Wensheng, chief economist at CICC, expected a tightening preference in future monetary policies.

- China Railway Corp announced that it would raise transportation prices by 0.015 yuan per tonne per kilometer, and Daqin Railway Co Ltd's operational revenue is expected to increase by 4.3 billion yuan ($708.7 million) next year as a result.

CHINA SECURITIES JOURNAL

- Statistical indices must be adjusted to reflect the fact that data from the National Bureau of Statistics shows demand in real estate markets in 70 large- and medium-sized cities but oversupply in many small cities.

- China's higher-than-expected trade surplus in January was a result of industrial upgrading rather than hot money inflows, said Mei Xinyu, researcher at the Ministry of Commerce.

CHINA DAILY

- Heavy smog in the Chinese capital Beijing lasting for days has triggered harsh public criticism over the inaction of the municipal government.

GLOBAL TIMES

- The U.S. government has neither the capacity to influence China's political process, nor the power to impede any departments concerned from sanctioning dissidents who engage in illegal activities, an editorial said.

PEOPLE'S DAILY

- China still needs to set targets for annual national economic growth, although the pace must now be set to take into consideration the environment and other factors that will ensure sustainability of the growth, an editorial said.

 

Australia

THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com)

Voters return to Abbott:  http://link.reuters.com/qap86v

Newcrest Mining rules out equity raising: http://link.reuters.com/sap86v

Islamic fund pours investment into Queensland: http://link.reuters.com/rap86v

US oil giants in talks over $2 billion SA hub: http://link.reuters.com/tap86v

Competition conundrum complicates AGL-MacGen deal: http://link.reuters.com/wap86v

Dairy deal pipeline is far from dry, says Saputo adviser: http://link.reuters.com/xap86v

THE AUSTRALIAN (www.theaustralian.news.com.au)

Loan relief for hard-hit farms: http://link.reuters.com/zap86v

UGL accused of 'cooking the books': http://link.reuters.com/bep86v

ASX, BoC in yuan payment venture: http://link.reuters.com/cep86v

NAB slams easy loans in wake of Forge failure: http://link.reuters.com/dep86v

China stockpiles cheap uranium as severe shortage is anticipated: http://link.reuters.com/fep86v

THE SYDNEY MORNING HERALD (www.smh.com.au)

Investors wanted to get jetpacks off the ground: http://link.reuters.com/gep86v

THE AGE (www.theage.com.au)

IMF chief Christine Lagarde urges Australia to help G20 make financial reforms: http://link.reuters.com/pap86v

Campbell's sweetener could spark biscuit price war: http://link.reuters.com/nap86v

 

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Mon, 02/17/2014 - 09:24 | 4444655 the not so migh...
the not so mighty maximiza's picture

Neither U.S. nor EU has strategy for Ukraine

 

I disagree they want to f it up , bankster style

Mon, 02/17/2014 - 10:43 | 4444757 Headbanger
Headbanger's picture

But moar important is this is about to be the third coldest winter on record!

http://stevengoddard.wordpress.com/2014/02/16/third-coldest-winter-on-re...

Which is obviously a conspiracy by THEM to thwart the global warming movement through use of weather warfare technology!!

THEY will next cause massive earthquakes to test the secret seismic warfare technology developed under the disguise of fracking!

After that will be the collapse of the Earth's magnetic field using secret super conducting satellite technology

And don't forget the FLUORIDE conspiracy!

Mon, 02/17/2014 - 11:13 | 4444809 NotApplicable
NotApplicable's picture

I was dissapointed with the "Value of Annoying Coworkers" article.

I thought it was an instruction guide.

Mon, 02/17/2014 - 10:19 | 4444725 new game
new game's picture

of course the banksters will control the outcome... money/debt for arms, ya know

tuesdays 50 cal now!

Mon, 02/17/2014 - 12:33 | 4444726 dizzyfingers
dizzyfingers's picture

 

What do Franklin Raines, Goldman Sachs, the SEIU, Democratic Party control of Congress and 9/11 have in common? The patent for Carbon Trading aka 'Cap & Trade' in the United States.  http://www.linkedin.com/pub/franklin-raines/9/4a9/16b http://www.foxnews.com/story/2010/05/14/crime-inc-what-greening-america-...  Crime Inc.: What the 'Greening of America' Really Means Crime Inc. – what do they know and when did they know it… and how much will it cost the American people?
Mon, 02/17/2014 - 12:35 | 4444863 dizzyfingers
dizzyfingers's picture
Tuesday, February 4, 2014 US Gov Admitting Findings of Uranium all over Alaska, in the Food Chain http://nuclear-news.net/2013/11/14/us-govt-headline-alaska-island-appears-to-show-impacts-from-fukushima-significant-cesium-isotope-signature-detected-scientists-anticip/

Here is the full report you can download.
https://app.box.com/s/rt4g13nxvqyljfqxmdxt

10 Picocurie [pci]   =   0.37 Becquerel [bq]
Been data mining this 300 page tome, very interesting they did the testing in June 2011.  
The soil and lichens have VERY high radioactivity.   6000 Bq /kG!
They dont plan on retesting until 2016 (think election)
Simply...the radiation did not yet have time to bio accumulate
NUCLEAR POWER: THE PETER PRINCIPLE

Mon, 02/17/2014 - 14:03 | 4445161 Gunga
Gunga's picture

I figure they will want to keep the US Dollar Index from falling below 80. They will support the dollar to keep it up which ,,of course, will force them to intervene in the gold market to cap the precious metas rising price.

They won't allow gold to climb to cast doubt on the dollars value.

Mon, 02/17/2014 - 14:03 | 4445162 Gunga
Gunga's picture

I figure they will want to keep the US Dollar Index from falling below 80. They will support the dollar to keep it up which ,,of course, will force them to intervene in the gold market to cap the precious metas rising price.

They won't allow gold to climb to cast doubt on the dollars value.

Mon, 02/17/2014 - 18:14 | 4445881 Son of Captain Nemo
Son of Captain Nemo's picture

Meanwhile back in Brussels...  It's going so well they need to incorporate still more "partners".

The best acid trip Western Europeans could ever have!

http://www.theguardian.com/world/2014/feb/17/eurozone-countries-united-states-europe-viviane-reding

Do NOT follow this link or you will be banned from the site!