- Gold claws back ground, European assets lose Greek tarnish (Reuters [23])
- Greece's Euro Exit Back on the Agenda Next Year, Economists Say (BBG [24])
- Greece submits bill needed to start rescue talks (Reuters [25])
- Wall Street Lenders Growing Impatient With U.S. Shale Revolution (BBG [26])
- Overtime Rules Send Bosses Scrambling (WSJ [27])
- As Markets Swing, Beijing Steadies Yuan (WSJ [28])
- Tennessee rampage suspect went to Qatar in 2014 (Reuters [29])
- Kathryn Dominguez to Be Nominated for Fed Governor (WSJ [30])
- Fed Lifts Capital Requirements for Banks (WSJ [31])
- Nike Gives CEO Parker $30 Million Award to Stay for Five Years (BBG [32])
- Boomers Competing With Millennials for U.S. Urban Rental Housing (BBG [33])
- Chattanooga Shooting Highlights Online Gun Sales (WSJ [34])
- Kerry says Iran vow to defy U.S. is 'very disturbing' (Reuters [35])
- Cheating website relieved it is not being judged after hack (Reuters [36])
- Inside ‘Liberland,’ the Place of No Taxes Where Crowdfunding Rules (BBG [37])
Overnight Media Digest
WSJ
* The Federal Reserve sent a message to the largest U.S. financial firms: Staying big is going to cost you. The Fed's warning, articulated in a pair of rules it finalized Monday, is among the central bank's starkest postcrisis regulatory moves pressing Wall Street banks to reconsider their size and appetite for risk. (http://on.wsj.com/1HLHJdc [31])
* Ohio Governor John Kasich on Tuesday will become the 16th - and perhaps final - major Republican candidate to enter the 2016 presidential race, rounding out the crowded field with his own brand of compassionate conservatism and blunt talk. (http://on.wsj.com/1fivJIg [38])
* Ten years ago, the People's Bank of China unpegged the yuan from the U.S. dollar. Yet the currency remains tightly controlled, leading to one of the longest streaks of stable trading since that time. (http://on.wsj.com/1MEs0Qu [28])
* A&P plans to sell or close its remaining stores as part of its return to bankruptcy court, spelling the likely demise of the oldest U.S. supermarket chain and highlighting the perils for traditional grocers. (http://on.wsj.com/1OhhDCA [39])
* Qualcomm Inc is expected to conduct a sweeping strategic review that will look at the possibility of a breakup, among other options, after an activist investor pushed for change at the chipmaker. (http://on.wsj.com/1gKPKbx [40])
* Puerto Rico's financial crisis has accelerated a continuing exodus of residents to the U.S. mainland, straining communities on the receiving end. The change has been especially apparent in Florida, which attracts the most arrivals. (http://on.wsj.com/1HMPFLl [41])
FT
European Union antitrust regulators opened an in-depth investigation into U.S. drinks can maker Ball Corp's 4.3 billion-pound ($6.69 billion) offer for U.K. peer Rexam Plc , concerned about the anti-competitive effects.
Lockheed Martin Corp said it would buy Black Hawk maker Sikorsky Aircraft from United Technologies Corp for $9 billion, cementing Lockheed's dominance in weapons making.
Britain's Aveva, which agreed to a reverse takeover proposal by France's Schneider Electric SE, says it will remain independent.
NYT
* Greek banks opened their doors on Monday for the first time in three weeks. But with strict limits still in place on the flow of money, the battered economy was far from returning to normal. (http://nyti.ms/1g0iPzT [42])
* New York's financial regulator will take depositions this week in its inquiry into the Promontory Financial Group for potential conflicts of interest. (http://nyti.ms/1gLggl6 [43])
* The Federal Reserve introduced new restraints that would apply solely to the nation's eight largest banks, which hold more than $10 trillion in loans and securities, as it tries to minimize the risks to the overall economy posed by large banks. The banks include big Wall Street firms like Goldman Sachs Group Inc, Citigroup Inc and JPMorgan Chase and Co , which currently faces an estimated $12.5 billion financial shortfall under the new rules. (http://nyti.ms/1KgL6Pk [44])
* The executive editor of Gawker Media, Tommy Craggs, and the editor of Gawker, Max Read, quit in protest after founder Nick Denton removed an inflammatory post about a married media executive who was said to have sought a gay escort. (http://nyti.ms/1IeJkMg [45])
* Experts say a 2005 deposition in which Bill Cosby admits to philandering could be used against him, but they also point out that the burden of proof is high. (http://nyti.ms/1TNnFyx [46])
Canada
THE GLOBE AND MAIL
** Canadian National Railway Co reported stronger than expected second-quarter earnings and said it continues to expect double-digit growth in earnings per share for the full year on Monday, even as shipment volume slipped. (http://bit.ly/1LpGaaR [47])
** President and Chief Executive of Fortress Paper Ltd Chad Wasilenkoff is stepping down. Vancouver-based Fortress said Wasilenkoff will hand the president and CEO titles to Yvon Pelletier on Oct. 1. The company said Wasilenkoff will focus on "strategic initiatives" in his new role as executive chairman, the move is a turnaround for Wasilenkoff and the company he started in 2006. (http://bit.ly/1KirkzZ [48])
** A Canadian company that runs an adultery website with 37 million user profiles - AshleyMadison.com - has been hacked by a group that says it has stolen private information, including names, nude photos and credit card data. The hack was first revealed on Sunday by investigative journalist Brian Krebs on his blog Krebs On Security. (http://bit.ly/1MF51EM [49])
NATIONAL POST
** Online food ordering and delivery service Just Eat says it has signed a deal to acquire rival Orderit.ca. Terms of the deal were not immediately available. Just Eat said the agreement will allow it to expand its food delivery and takeout options for customers across Canada. (http://bit.ly/1MF5RkX [50])
** Calgary-based Boardwalk Real Estate Investment Trust said it is selling its 1,685 units in Windsor to a private REIT in a deal worth $136 million. The deal, which closes in September, includes $20.5 million in debt. Boardwalk did not disclose the buyer, but sources tell the Financial Post that it is Skyline Apartment REIT. (http://bit.ly/1MmeLXH [51])
** Halifax-based Bear Head LNG Corp announced Monday that the U.S. Department of Energy had authorized the company to export up to 440 billion cubic feet per year of American-sourced natural gas into Canada before converting that gas into its liquefied form for export to countries that have signed free trade agreements with the U.S. (http://bit.ly/1MmeVOK [52])
Hong Kong
SOUTH CHINA MORNING POST
-- Tests on lead levels in water will be extended to 12 more public housing estates involving 26,000 flats, housing minister Anthony Cheung Bing-leung said. This came after supplies in a fourth public housing estate, Wing Cheong in Sham Shui Po, were found to contain excessive lead levels. (bit.ly/1fidmmV)
-- Seventy Sudden Weekly editorial staff were laid off on Monday with Next Media set to close the entertainment magazine next month and combine three other publications to save costs. The move came less than a week after the group began cutting jobs at its flagship publication Next Magazine with the aim of slashing the workforce by half within two months. (bit.ly/1fidyCD)
THE STANDARD
-- The fifth batch of inflation-linked iBonds opens for subcription on Tuesday and more than 16,000 investors have already expressed interest, brokers said. Minimum investment is HK$10,000 for one lot, which has a full quota of HK$10 billion and carries a three-year tenure with at least 1 percent of guaranteed coupon distributed every half-year. (bit.ly/1IflUpS)
-- Fosun International, backed by Chinese billionaire Guo Guangchang, said it has joined with British upmarket nursery brand Silver Cross to bring "reliable" nursery products to the mainland. (bit.ly/1Kh0US9)
HONG KONG ECONOMIC JOURNAL
-- Businessman Wilson Pong and his wife had bought 226 million shares, representing 70.93 percent of the issued share capital, of leather goods maker Chanco International Group Ltd at HK$1.415 apiece for HK$320 million ($41.29 million), according to a disclosure from the Hong Kong bourse.
MING PAO DAILY
-- Hanergy Thin Film Power Group Ltd said it terminated a supply agreement with parent Hanergy Group to minimize transactions with the parent and to have a wider choice in selecting suppliers. ($8.05 billion).
Britain
The Times
SCHNEIDER TAKES CONTROL OF AVEVA WITH REVERSE TAKEOVER
One of Britain's oldest technology companies is set to fall into the hands of an overseas owner after engineering a complex reverse takeover by Schneider Electric, of France. Aveva has agreed to take on the software assets of Schneider, which also will pay Aveva 550 million stg in cash. In return, the French company will be handed 74 million new shares that give it a majority 53.5 per cent stake in the enlarged business. (http://thetim.es/1CM6CZu [53])
PM: WE MUST INTEGRATE TO BEAT THE EXTREMISTS
Housing estates and schools dominated by a single Muslim community must become more ethnically mixed to end segregation in Britain, Prime Minister David Cameron has signalled. (http://thetim.es/1KgUylx [54])
The Guardian
AS GREEK BANKS REOPEN, ATTENTION SHIFTS TO PASSING REFORMS EU HAS DEMANDED
The reopening of banks and repayment of debts returned Greece to a semblance of normality on Monday but the ruling Syriza party admitted it faced considerable political challenges in pushing through reforms. (http://bit.ly/1Sy4kPx [55])
BARCLAYS MORE SCRUTINISED THAN ANY OTHER UK HIGH STREET BANK
Barclays Plc was subjected to more regulatory attention than any other UK high street bank in 2014, receiving 186 visits from the Financial Conduct Authority's officials. (http://bit.ly/1TMWhAL [56])
The Telegraph
SCOTTISH NATIONAL PARTY 'LAYING GROUNDWORK' FOR SECOND REFERENDUM
The Scottish National Party is laying the groundwork for a second referendum less than a year after Scots rejected independence, it has been claimed after a Nationalist MP asked the UK Government if it would allow another vote. (http://bit.ly/1HFfAXo [57])
GVC CONSIDERS APPROACH FOR BWIN.PARTY WITHOUT AMAYA
GVC Holdings Plc is considering a last-ditch tilt at Bwin.Party, after 888 Holdings agreed to buy Bwin.Party in a 898 million stg cash and stock deal, without the backing of Canadian gambling giant Amaya Inc. (http://bit.ly/1I8Nn8i [58])
Sky News
ROYAL MAIL FURY AT OFCOM OVER WHISTL PROBE
Royal Mail Plc has objected to a procedural issue relating to Ofcom's long-running investigation of a complaint by Whistl, which alleged that the privatised postal operator was planning predatory and anti-competitive pricing changes. (http://bit.ly/1Dq5hT2 [59])
TESCO DATA UNIT BUYER FACES CONTRACT OVERHAUL
Tesco Plc's Clubcard data unit will be forced to negotiate a new contract with the supermarket giant within five years, a prospect which may further deflate its hopes of attracting a bumper price for the business. (http://bit.ly/1Gx1seR [60])
The Independent
LEE NELSON HIJACKS PRESS CONFERENCE, THROWS WAD OF CASH OVER FIFA PRESIDENT SEPP BLATTER
Sepp Blatter's first official press conference since announcing he is stepping down as Fifa president was interrupted by the comedian who plays Lee Nelson today. The British comic, real name Simon Brodkin, walked in front of the beleaguered head of world football's governing body before throwing a wad of fake cash into the air. Brodkin was quickly escorted away by security staff. (http://ind.pn/1IeaNxB [61])