- Trump, Clinton poised for big wins on Super Tuesday (Reuters)
- U.S. Index Futures Signal Equities to Rebound After Monthly Drop (BBG)
- Barclays Plummets as Bank Slashes Dividend in Plan to Shrink (BBG)
- Glencore Tumbles to Loss, Promises Accelerated Debt Reduction (WSJ)
- The Angry Americans: Trump, Sanders and the Aftershocks of 2008 (BBG)
- Euro sinks as weak data piles pressure on European Central Bank (Reuters)
- China's PMI Reports Show Slowdown Deepening as Services Slip (BBG)
- China Manufacturing Slows More Than Expected (WSJ)
- China’s Central Bank Can’t Shed a Culture of Secrecy (WSJ)
- Greece's Creditors Said to Face Impasse Over Terms of Bailout (BBG)
- OPEC watching Iran, Russia, unlikely to cut output in June (Reuters)
- Oil near two-month high on China demand hopes, easing supply glut (Reuters)
- 1MDB Scandal: Deposits in Malaysian Leader Najib’s Accounts Said to Top $1 Billion (WSJ)
- The Rise and Fall of Commodities Hedge Fund King Willem Kooyker (BBG)
- NYSE Owner ICE, CME Group Mulling Bids for LSE (WSJ)
- Fed's Dudley sees risks to U.S. economic outlook tilting to downside (Reuters)
- Barclays Falls Under SEC Spotlight for Asian Hiring (WSJ)
- New bin Laden documents show a suspicious, pressured al Qaeda (Reuters)
- U.S. small business borrowing at lowest level since 2014: PayNet (Reuters)
Overnight Media Digest
WSJ
- A judge in New York sided with Apple Inc against the Justice Department, in a fight about whether the company can be forced to help unlock a phone - a ruling that could affect a similar case about an assailant's phone. (http://on.wsj.com/1ejfriJ)
- Valeant Pharmaceuticals said it is under investigation by the Securities and Exchange Commission, the latest issue to face the beleaguered drug company. (http://on.wsj.com/1L0SzDC)
- Deposits into personal accounts of Malaysia's prime minister totaled more than $1 billion - hundreds of millions more than previously identified - and global investigators believe much of it originated with a Malaysian state fund, people familiar with the matter say. (http://on.wsj.com/1L0Tcgz)
- Some of America's biggest shale producers are beginning to ratchet back oil and gas production for the first time in years, bending to the reality that a global glut will keep prices depressed. (http://on.wsj.com/1L0TzYr)
FT
The Bank of England and Financial Conduct Authority said on Monday that they do not agree with the EU rules forcing the bonus cap, applying to the big banks, on more than 1,000 smaller financial institutions across London.
AstraZeneca said on Monday it had sold the rights to two aging heart drugs to China Medical System Holdings for $500 million, marking the latest step in an ongoing programme of divestments for non-core assets.
French media group Vivendi raised its offer for mobile phone games company Gameloft SE on Monday after the latter rejected Vivendi's initial takeover bid hours earlier in the day.
NYT
- A federal magistrate judge on Monday denied the United States government's request that Apple extract data from an iPhone in a drug case in New York, giving the company's pro-privacy stance a boost as it battles law enforcement officials over opening up the device in other cases. (http://nyti.ms/1OJzctk)
- Valeant Pharmaceuticals International said on Monday it was being investigated by the Securities and Exchange Commission, the latest turn of events for the Canadian drug maker, which has come under recent scrutiny for its sky-high drug prices and a once-secret relationship with a mail-order pharmacy. (http://nyti.ms/1oKYFgQ)
- A non-profit watchdog group on Monday called for an investigation of David Stevens, chief executive of Mortgage Bankers Association, arguing that he may have violated ethics laws relating to his previous position as commissioner of the Federal Housing Administration. (http://nyti.ms/1XWNnT2)
- Argentina has agreed to pay $4.65 billion to four hedge funds in a deal that could put an end to more than a decade of mudslinging and legal attacks that had cut the country off from global financial markets. (http://nyti.ms/1LRyzye)
Canada
THE GLOBE AND MAIL
** The U.S Agriculture Department has given the Canadian Food Inspection Agency until mid-March to fix significant food safety and sanitation concerns found during an audit of Canada's meat, poultry and egg inspection systems. (http://bit.ly/1L1Bv0d)
** As Michael Pearson resumed CEO duties at Valeant Pharmaceuticals International Inc, his first day back included a backfired attempt to selectively address some analysts, a slew of negative research reports, a move by a rating agency to potentially downgrade the company and news that Valeant was under investigation by the U.S. Securities and Exchange Commission. (http://bit.ly/1L1ChdD)
NATIONAL POST
** Royal Bank of Canada's affordability calculator for the fourth quarter of 2015 found that households with median income must now pay 109 percent of pre-tax earnings to buy just an average home in the metro Vancouver area, leaving nothing for food, clothing or other essentials. (http://bit.ly/1L1D7ac)
Britain
The Times
* Households are borrowing more than 1 billion pound ($1.39 billion) each month to finance new cars, holidays and big-ticket consumer items in a spending splurge that economists warn could fuel another dangerous debt bubble, according to figures from the Bank of England. (http://thetim.es/1LR7D1o)
* The number of jobs being advertised online has fallen for the second month running in a sign that Britain's booming labour market may be running out of steam, according to Adzuna, a jobs search engine. (http://thetim.es/1LR8Ohj)
The Guardian
* More than 1,000 fund managers, hedge funds, brokers and smaller banks will be exempt from the EU's bonus cap after the Bank of England said it had concluded they did not fall within the scope of the rules. (http://bit.ly/1LR8kYA)
* China's central bank has stepped up action to bolster its cooling economy by loosening the rules on banks' cash reserves in the hope that they will offer cheaper loans. (http://bit.ly/1LR8mzQ)
The Telegraph
* Central banks must behave more like "pawnbrokers" to stamp out recklessness and put an end to taxpayer backed bailouts, according to the former Bank of England Governor Mervyn King. (http://bit.ly/1LR8q2y)
* Argentina's new market-friendly government has ended a bitter 15 year battle with creditors led by a US billionaire, opening the door for the South American country to escape financial pariah status. (http://bit.ly/1LR8wah)
Sky News
* A third of jobs in the retail sector will disappear by 2025 thanks to the rising minimum wage and new technology, the British Retail Consortium has said. (http://bit.ly/1LR8xet)
* Transferwise, UK-based fintech group, is close to finalising a new round of funding from prominent investors, according to Sky News. (http://bit.ly/1LR8y1L)
The Independent
* On Monday, Amazon revealed it has teamed up with WM Morrisons Supermarkets Plc to sell food through its Pantry site, even offering fresh food to its Prime Now delivery service customers in five English cities. (http://ind.pn/1LR8BuI)