Frontrunning: March 5

  • White House Pushes Back on Concerns About Tariffs (WSJ)
  • Trump's tariffs set to dominate final day of NAFTA talks (Reuters)
  • U.S.-Europe trade war must be avoided: German carmakers (Reuters)
  • Anti-Immigrant Populist Stakes Claim to Lead Italian Government (BBG)
  • Italy's League claims right to govern after inconclusive vote (Reuters)
  • As Congress moves to drop tariffs, some U.S. firms cry foul (Reuters)
  • Italy Faces Political Paralysis After Populist Jolt (WSJ)
  • Visiting South Korean delegation meets North Korean leader Kim (Reuters)
  • Are You Ready for an Amazon-Branded Checking Account? (WSJ)
  • Trump’s Retreat Leaves Congress Adrift on Guns (BBG)
  • Trump-Netanyahu meeting is chance to project common front vs. Iran (Reuters)
  • Hollywood Celebrates at the Academy Awards (WSJ)
  • Axa Plunges After Agreeing to Buy XL Group for $15.3 Billion (BBG)
  • U.S. Will Be the World’s Largest Oil Producer by 2023, Says IEA (WSJ)
  • How Torn Are Texas Republicans? Look at the Fight for Amazon HQ2 (BBG)
  • U.S. Orders Qualcomm to Delay Board Meeting for Review of Broadcom Offer (WSJ)
  • China Turns Fiscal Screws While Maintaining 6.5% Red Line on GDP (BBG)
  • Rare Loss for Wall Street in Senate’s Reboot of Financial Rules (BBG)
  • Caterpillar drives sales on China's new Silk Road (Reuters)
  • It Could Be Crunch Time for World's Third Most-Indebted Country (BBG)

Overnight Media Digest

WSJ

- Donald Trump administration officials on Sunday defended the president's plan to levy tariffs on steel and aluminum imports and played down the likelihood the U.S. would allow for many exclusions from the proposals. on.wsj.com/2I2J9YD

- The world's biggest technology investor SoftBank Group Corp has poured some $20 billion into ride-sharing companies around the globe, including Uber Technologies Inc . Now, those companies are spending at least some of SoftBank's money to battle each other. on.wsj.com/2I4cv99

- "The Shape of Water", a fantastical love story directed by Guillermo del Toro about a mute woman and an amphibious creature, won best picture at the 90th Academy Awards on Sunday. on.wsj.com/2I0TDYm

- South Korea said it would send its top national security adviser to Pyongyang this week to discuss ways to facilitate dialogue between the U.S. and North Korea on denuclearization, pushing forward engagement even as the U.S. remains wary of talking to the nuclear-armed state. on.wsj.com/2I2UZ53

 

NYT

- The messaging company Telegram has been around since 2013, but never tried to raise significant money until late last year. Now, thanks to an initial coin offering, or I.C.O., Telegram is on track to pull in a billion dollars in just four months - long before the product the company is raising money for is even built. nyti.ms/2Fpt2FW

- Hundreds of thousands of people remained without electricity on Sunday, after a fierce storm swept through much of the eastern United States on Friday. Some utility companies told customers that power may not be restored until later this week, around the time another storm could strike the region.nyti.ms/2FmMGlV

- The White House continued to sow uncertainty on Sunday about the stiff tariffs President Trump said he would impose on steel and aluminum imports as key advisers defended the policy but left room for the president to change his plans. nyti.ms/2FkDtuD

 

 

Britain

The Times

- Wm Morrison Supermarkets Plc is facing a potential 100 million pound ($138.04 million) equal pay compensation claim from hundreds of its staff, who believe that they have been underpaid compared with colleagues. bit.ly/2I3PH9x

- Court of Appeal judges rejected claims by Property Alliance Group against Royal Bank of Scotland Group Plc's which claimed that the bank mis-sold interest rate swaps as part of the Libor scandal. bit.ly/2I3gLpf

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The Guardian

- The UK government knew of a plan that could have retrieved more than 360 million pounds from Carillion Plc, limiting the cost of its collapse to taxpayers and sparing pension scheme members from cuts to their retirement payouts, but did not encourage directors to pursue it. bit.ly/2I25qWA

- Theresa May will hit out at the "perverse incentive" of housing industry bonus structures paying out millions of pounds to chief executives as a result of company profits rather than the number of homes built. bit.ly/2I4ysEQ

The Telegraph

- Gordon Shipley, the programme ­director for the Emergency Services Network (ESN), is to step down at the end of the month amid concern that the ambitious plan is falling behind. The ESN aims to replace the bespoke Airwave radio network with a cheaper and first-of-its-kind system based on EE’s standard 4G network. bit.ly/2I3QkQr

Sky News

- The founders of Melrose Industries Plc are investing in Stirling Industries, that will float on the London market this week. Stirling has been set up by Blair Illingworth and Simon Thomas, the former bosses of a Melrose subsidiary. bit.ly/2I5N9rh

- The UK steel industry has warned Donald Trump's plans for steep U.S. tariffs on steel imports would "seriously undermine" its competitiveness. bit.ly/2I3idrH

The Independent

- Law firm RPC said that UK's largest online retailers raked in 8.4 billion pounds in the 12 months up to August 2017, a significant rise of 23 percent on the year before. ind.pn/2I2OmQ1