- Grim China data keeps stimulus hopes alive (Reuters [24])
- Berkshire Hathaway to Buy Precision Castparts for About $37 Billion (BBG [25])
- Greece, lenders in final push to seal new bailout (Reuters [26])
- Greece nears €86bn accord with creditors (FT [27])
- Quantitative Easing With Chinese Characteristics Takes Shape (BBG [28])
- Oil Futures Signal Weak Prices Could Last Years (WSJ [29])
- Drop in long-term investment hinders eurozone recovery (FT [30])
- Two shot in Ferguson amid standoff between police, protesters (Reuters [31])
- Industry, States Set to Fight EPA Greenhouse Gas Rules (WSJ [32])
- Russian Workers Vie With Greeks in Race to Productivity Abyss (BBG [33])
- The London Buy-to-Let Boom Meets Higher Borrowing Costs (BBG [34])
- Loan refinancing, grants key to Clinton's college affordability plan (Reuters [35])
- In Hunt for Missing Billions, Buhari Targets Nigeria Oil Company (BBG [36])
- Robot Invasion Undercuts Modi’s Quest to Put Indians to Work (BBG [37])
- Alibaba Spends $4.6 Billion on Suning in Ma’s Biggest Deal Ever (BBG [38])
Overnight Media Digest
WSJ
* Industry representatives and a group of state attorneys general are preparing to file lawsuits soon to challenge Obama administration rules requiring significant cuts in power-plant carbon emissions. (http://on.wsj.com/1J52XIW [32])
* Donald Trump struck a defiant tone, making clear he isn't about to exit the Republican Party presidential primary nor retreat from remarks about a Fox News debate moderator that have drawn a torrent of criticism. (http://on.wsj.com/1ICnkaK [39])
* Members of the U.S. Federal Trade Commission are close to a bipartisan agreement to lay out for the first time how the FTC views its authority to bring cases against businesses alleging "unfair" competition. (http://on.wsj.com/1MeOg53 [40])
* The oil market indicates that prices could stay lower for longer, delivering a fresh blow to hard-hit energy exploration-and-production companies. (http://on.wsj.com/1IRUNNC [41])
* Berkshire Hathaway Inc's expected deal for Precision Castparts Corp demonstrates the conglomerate's focus on acquisitions, rather than stock investing or the insurance business, as the way to drive earnings higher. (http://on.wsj.com/1P08G0W [42])
FT
Pearson Plc may announce the sale of its stake in the publisher of The Economist magazine as early as this week, a deal which could be worth about 400 million pounds ($619.72 million).
Albert Manifold, chief executive of CRH Plc has said that the company would continue to explore further acquisitions even as it integrates the $6.5 billion in assets it has acquired from LafargeHolcim.
The Chief Executive of the manager of Norway's $870 billion oil fund, has raised concerns about companies being in danger of losing to private equity groups. Yngve Slyngstad also said that listed companies were neglecting their core role of making their businesses more profitable.
Zurich Insurance is making plans to cut hundreds of millions of pounds from potential takeover target RSA's annual reinsurance spending, a move which could aid Zurich to explain the reason for paying a premium for RSA.
NYT
* Trailers and TV ads are tough marketing tools to use in China, but the service Mtime offers packages to help American filmmakers reach a huge, and quickly growing, audience. (http://nyti.ms/1EiHtAY [43])
* Finland has a surplus of tech workers, who were left jobless after a series of layoffs at Nokia and Microsoft Corp. How to solve this problem has left policy makers and tech companies trying to turn Nokia's and Microsoft's pain into Finland's gain.(http://nyti.ms/1TiWd9L [44])
* Companies without deep pockets and connections are coming up with roundabout ways to get a piece of the action. While other investors paid dearly to buy a piece of Airbnb, Pier 88 did not invest directly in the privately held online home-rental company. Instead, Pier 88 put money into HomeAway, a publicly traded Internet company that competes with Airbnb, but has a market capitalization of just $2.95 billion. (http://nyti.ms/1DGuRsd [45])
* Under everyone's noses, the competitive video game scene has gotten huge, with more than 113 million fans globally by some estimates. Still, it has not totally hit the mainstream in most parts of the world. The very name that competitive gaming goes by - e-sports - is enough to send die-hard sports fans into a fury. (http://nyti.ms/1gW3pNy [46])
* Ad-blocking software, which allows people to remove online advertising by downloading a plug-in to many popular Internet browsers, will lead to almost $22 billion of lost advertising revenue this year, according to a report put together by Adobe and PageFair, a Dublin-based start-up that helps companies and advertisers recoup some of this lost revenue. (http://nyti.ms/1L0Cr3P [47])
Hong Kong
CHINA SECURITIES JOURNAL
- China's fixed assets investment is expected to grow 12 percent this year, with infrastructure investment to increase rapidly and property and manufacturing industry investment to grow slowly, the State Information Center said.
- China will likely invest 17 trillion yuan ($2.74 trillion) in environmental protection during the "thirteenth five year plan" period, according to estimates from the Chinese Academy For Environmental Planning.
21 CENTURY BUSINESS HERALD
- Chinese enterprises have made $32.5 billion in overseas acquisitions in the second quarter of 2015, over 60 percent more than a year earlier, data from Morning Whistle Group, a Chinese website that tracks overseas mergers.
CHINA DAILY
- China has published a new occupational classification system to provide guidance for education and job qualification criteria for emerging industries.
Britain
The Times
Legal & General is close to signing a deal to build 7,000 homes and almost a million square feet of office space on the outskirts of Leeds, pulling the trigger on the chief executive's plan to invest 1.5 billion pounds ($2.32 billion)in infrastructure during the next five years. (http://thetim.es/1J4Og8B [48])
Luxembourg will take a leading role in moves to address the problem of global tax avoidance by big business as the tiny European state looks to repair the damage from the so-called LuxLeaks scandal that revealed how it had been used to dodge taxes. (http://thetim.es/1J4SFZr [49])
The Guardian
The personal data, including bank details, of millions of Carphone Warehouse customers may have been accessed in a "sophisticated cyber-attack", the retailer has admitted. (http://bit.ly/1WaB2Lv [50])
Hinkley Point, the planned 24.5 billion-pound nuclear power station in Somerset, is under intensifying criticism from the energy industry and the City, even as the government prepares to give the final go-ahead for the heavily subsidised project. (http://bit.ly/1KZJ4Dp [51])
The Telegraph
Greece is closer to unlocking a fresh 86 billion-euro ($94.27-billion) rescue package after the country's creditors reportedly agreed on a draft deal this weekend. German and Greek media said 27 pages of "substantial" and "far-reaching" reforms had been agreed following marathon talks between Euclid Tsakalotos, Greece's finance minister, and the country's creditors on Saturday. (http://bit.ly/1f2quMx [52])
Senior managers at Royal Bank of Scotland Plc have been ordered to meet more small firms to make sure they stay focused on customer service and do not repeat the mistakes of the pre-crash years. (http://bit.ly/1UxKBCq [53])
Sky News
One of the UK's biggest privately owned housebuilders, Countryside Properties, is intensifying plans for a London flotation amid a string of government schemes to accelerate the construction of new homes. (http://bit.ly/1MeGF6H [54])