Frontrunning: August 29

• Noda Wins Party Election (WSJ)
• Tremonti out? Italy readies austerity changes (Reuters)
• European officials round on Lagarde (FT)
• China to Lock Up More Cash to Tighten Liquidity (Bloomberg)
• Central Bankers Worry Economy Still in Peril (WSJ)
• Italy Tests Appetite for Debt When ECB Is Absent: Euro Credit (Bloomberg)
• As U.S. Households Save, Economy Sputters (WSJ)
• China’s oil groups ready for more deals (FT)
• Irene Forecasters Missed Intensity While Getting Path Right (Bloomberg)
• Rebels push to Gaddafi hometown (Reuters)

Global headlines from Egan Jones

• Argentina will raise its minimum wage by 25% to keep pace with inflation.
• Asia stocks, Won gain on US economic outlook. Gold and the Swiss franc fall.
• Bernanke said the US economic recovery will accelerate.
• Central bankers gathered at an annual retreat in Jackson Hole, urge govts on expansion.
• China to lock up more cash to tighten liquidity.
• IMF approves final $450M funding for Iceland.
• UK housing demand weaken further after August price drop, Hometrack says.
• ABN Amro said it returned to a profit in H1, and will cut an additional 2,350 jobs.
• Anglo Irish sells US loans of face value $9.5B to two banks and Lone Star.
• ANZ is eyeing Tokyo Star Bank or Aozora Bank Ltd. as possible acquisition target.
• Apple won a further delay in the release of Samsung’s newest tablet in Australia.
• Dresser-Rand plans $150M in buybacks, which represents 5% of its outstanding stock.
• Eurobank Ergasias and Alpha Bank, Greece’s second and third-biggest banks, to merge.
• Fed to hold public hearings on Capital One Fincl Corp.’s acquisition of ING Direct USA.
• KPMG plans to put aircraft-parts supplier Aero Inventory up for sale next month.
• LG Display Co. is planning around $2.8B of capital expenditure in 2012.
• Multi-Color to acquire York Label Group for $356M.
• Pfizer Inc. won U.S. approval to sell a drug to treat lung cancer.
• PG&E proposes spending $769M to test gas pipelines.
• Sinopec posted record half-year profit that beat analysts’ estimates.
• Softbank will sell its 4% stake in Yahoo Inc. to repay loans from Citibank.
• Tiffany's fiscal second-quarter earnings rose 33% on strong international sales.
• UBS AG said it may begin levying a temporary charge on Swiss franc deposits.

Economic Calendar: Personal Income & Spending, PCE Prices, Pending Home Sale to be released.

Earnings Calendar: ABM, CFI, CWST, DCI, HPOL, LDK, SCMR, TIER, WINN.

Comments

[PaperBugsBurn]

AmeriKKKa becomes Zombieland -official.

When the he'll am I going to see this headline??? Why is it taking so long???!!!

[Version 7]

You can take a look at Detroit. That's how the future looks like.

[spanish inquisition]

Central Bankers Worry Economy Still in Peril === REWRITE! ===

Private Corporate Owners of Central Banks Worried Fiat Ponzi Will Collapse, Putting Central Banks in Peril.

[Popo]

I'm having a hard time believing Christine LaGarde actually does anything.   She's got a suntan 365 days a year.