- European Stocks Fall as Chinese Economic Data Disappoint (WSJ)
- Oil Climbs to Highest Since November as European Shares Retreat (BBG)
- Yen weakens on Japan intervention talk before G7 meets (Reuters)
- Wall Street’s Bond Forecasters Splinter as Fed Credibility Wanes (BBG)
- Amazon to Expand Private-Label Offerings—From Food to Diapers (WSJ)
- Oil prices rise on Nigerian outages, Goldman forecast (Reuters)
- 'Avengers' threaten new insurgency in Nigeria's oil-producing Delta (Reuters)
- Amazon to Expand Private-Label Offerings—From Food to Diapers (WSJ)
- A Battle Brews Over Negative Rates on Mortgages (WSJ)
- Can Buffett-backed bid unlock Yahoo growth where others failed? (Reuters)
- Top Currency Traders Warn White House Race May Echo Brexit Chaos (BBG)
- Donald Trump Wouldn’t Have Had the Ready Cash to Self-Finance Entire Campaign (WSJ)
- Beijing blasts Pentagon report on Chinese military as damaging trust (Reuters)
- Central Bankers’ Wisdom Faulted as Gold Holdings Surge 25% (BBG)
- Turkish Military’s Influence Rises Again (WSJ)
- German politicians say Merkel left EU exposed to Turkish blackmail (Reuters)
- Goldman Sachs emerges as growing natural gas player (FT)
- It’s the Anti-Uber Job Market and It Still Has a Grip on America (BBG)
- HSBC axes 850 IT jobs in Britain in first big wave of planned cuts (Reuters)
- Bull Market Losing Biggest Ally as Buybacks Fall Most Since 2009 (BBG)
- Professors and entrepreneurs file complaint against ECB policy (Reuters)
- Norway’s $850bn oil fund to sue Volkswagen (FT)
- Pfizer Agrees to Buy Anacor Pharmaceuticals for $5.2 Billion (BBG)
Overnight Media Digest
WSJ
- Amazon.com Inc is set to roll out new lines of private-label brands in the coming weeks that will include its first broad push into perishable foods, according to people familiar with the matter. (http://on.wsj.com/1VYaz5t)
- Tencent Holdings Ltd is increasing the amount of its planned bank loan to as much as $4 billion, people familiar with the matter said, as the Chinese Internet giant beefs up its war chest for potential acquisitions. (http://on.wsj.com/1TUWZwl)
- A Mississippi power plant intended as a showcase for clean-coal technology has turned into a costly mess for utility Southern Co, which is now facing an investigation by the Securities and Exchange Commission, a lawsuit from unhappy customers and a price tag that has more than doubled to $6.6 billion. (http://on.wsj.com/1VYb53y)
FT
* Norway's sovereign wealth fund, the world's largest, said on Sunday it plans to join the class-action lawsuits filed against Volkswagen AG over the German automaker's emissions scandal.
* Bank of England Governor Mark Carney denied on Sunday that he had compromised the central bank's independence by warning of the short-run costs of leaving the European Union, after criticism from "Out" campaigners.
* Bidders battling for department store BHS have been asked to sweeten their bids by Tuesday to stand a chance of buying the collapsed high street chain.
NYT
- Among those vying for Yahoo Inc is investor Warren Buffett and founder of Quicken Loans Dan Gilbert. Gilbert is leading the bid and Buffett's conglomerate, Berkshire Hathaway, is offering to provide financing. (http://nyti.ms/1NvlEYZ)
- Budweiser, which is owned by Anheuser Busch InBev SA , announced the "America Is in Your Hands" campaign last week and will use it from May 23 until after November's presidential election. It replaced the word Budweiser with "America" on can and bottle labels. (http://nyti.ms/1NvlUHv)
- App developer Rovio wants you to take out your smartphone at the movie theater. To promote the release of "The Angry Birds Movie", Rovio is offering bonus content for its newest mobile game, Angry Birds Action, to those who open the app while in the theater. (http://nyti.ms/1NvlXmS)
Canada
THE GLOBE AND MAIL
** The Ontario government will spend more than C$7 billion ($5.42 billion) over four years on a sweeping climate change plan in a bid to cut the province's carbon footprint. (http://bit.ly/1YuLey1)
** Canada's home prices climbed 1.2 percent last month, marking the largest month-over-month increase for April since 2008. There was a monthly jump of 2.2 percent in Vancouver and 1.4 percent in Toronto. (http://bit.ly/1ZWpn2N)
NATIONAL POST
** The lone surviving Canadian hostage Robert Hall in the southern Philippines has appeared in a new video, announcing that his captor Muslim extremist group Abu Sayyaf will decapitate him and a Norwegian man next month if they do not receive C$16 million in ransom first.(http://bit.ly/1Nvsuha)
Britain
The Times
* Goldman Sachs Group has been ordered by a British parliamentary inquiry to account for its role in Philip Green's disastrous 1 pound sale of BHS. (http://bit.ly/1Tcmz31)
* The Competition & Markets Authority is expected to demand this week that banks fund a price-comparison service to help customers find cheaper overdrafts and loans as part of a crackdown on the big four lenders. (http://bit.ly/1TcmxYS)
The Guardian
* Royal Shell PLC, Europe's largest oil company, has established a separate division, New Energies, to invest in renewable and low-carbon power. (http://bit.ly/1TcmwnF)
* London airport Heathrow's bosses will stand to gain from bonus payouts if the airport gets permission to build a 17.6 billion pound third runway, it has emerged. (http://bit.ly/1TcmE6N)
The Telegraph
* Premier Foods boss Gavin Darby will this week be hoping that a return to profit and more details of a noodle partnership will be enough to soothe shareholders' fury over his handling of McCormick's takeover attempt. (http://bit.ly/1TQzjGD)
* O2 chief executive Ronan Dunne is exploring a debt-fuelled 8.5 billion pound management buyout attempt following the collapse of CK Hutchison's takeover bid for the mobile operator, according to The Telegraph. (http://bit.ly/1TUGFvn)
Sky News
* The former Conservative Party treasurer Michael Spencer will announce on Monday that ICAP, the interdealer broking group he founded 30 years ago, is to be renamed NEX Group. (http://bit.ly/1TcmIn5)
* The Pension Protection Fund and KKR have been shortlisted to buy the UK's state-owned Green Investment Bank, according to Sky News. (http://bit.ly/1TcmLPC)
The Independent
* UK's Prime Minister David Cameron is struggling to convince voters he is telling the truth about why Britain should stay in the European Union and his main "Out" rival Boris Johnson is doing a better job, according to a ComRes poll for The Independent. (http://ind.pn/1Tcn2SC)