- Oil Drops With Emerging-Market Currencies on Rig Recovery Signs (BBG)
- A plea for help - How China asked the Fed for its stock crash play book (Reuters)
- Obama to meet Raul Castro on historic Cuba trip (Reuters)
- Wall Street's Pile of Unwanted Treasuries Exposes Market Cracks (BBG)
- Dimon's Timing Looks Savvier by the Day as Equities Rebound (BBG)
- Brazilians Brace for More Drama at Top Court, Congress (BBG)
- Captured Paris Terror Suspect Salah Abdeslam Says He Planned More Attacks (WSJ)
- Hong Kong Stocks Haven't Been This Hot Since Bubble Burst (BBG)
- Apple 'privacy czars' grapple with internal conflicts over user data (Reuters)
- IHS and Markit to Merge, Creating Data Heavyweight (WSJ)
- Sheraton-owner Starwood accepts higher offer from Marriott (Reuters)
- Domino’s Unveils New Pizza Delivery Robot ‘DRU’ (CBS)
- Iron Ore Climbs as Signs of China Property Revival Boost Outlook (BBG)
- Russia tries to decipher crash plane pilots' final conversations (Reuters)
- A Tarnished Turboprop Clouds China’s Aviation Dream (WSJ)
- Fed's Lacker Confident Inflation Poised to Rebound to 2% Target (BBG)
- Captured Paris attack suspect 'worth weight in gold' to police: lawyer (Reuters)
Overnight Media Digest
WSJ
- Sherwin-Williams Co has agreed to buy Valspar Corp for more than $9 billion, a deal that would help the paint maker get better access to big-box retailers, and expand abroad.(http://on.wsj.com/1R9Y42b)
- The United States' first law requiring mandatory GMO labels is slated to go into effect in Vermont on July 1 after an industry-backed federal law that would block states' authority stalled in the U.S. Senate last week. Facing fines up to $1,000 a day per product, food makers from giants like General Mills Inc to regional businesses like Vermont Fresh Pasta are making big adjustments, many of which extend beyond the state's borders. (http://on.wsj.com/22x3BEU)
- U.S. aerospace companies and government officials are pushing to develop new cockpit-equipment standards that eventually would allow aircraft to fully utilize local satellite-navigation systems across Europe, China, Russia and other areas. (http://on.wsj.com/1LzDaKQ)
- Ronald Sargent, CEO of Staples Inc, is expected in coming days to testify in court to defend his proposed takeover of rival Office Depot Inc, according to people familiar with Staples' strategy. (http://on.wsj.com/1Ru57pK)
- U.S. forces will soon have access to five Philippine military bases, some strategically positioned in the disputed South China Sea, as the allies forge ahead with plans to station American troops in the Southeast Asian country for the first time in almost a quarter-century. (http://on.wsj.com/1R9i98F)
FT
Signs of division within the Conservative party multiplied over the weekend as the fallout from the resignation of Iain Duncan Smith escalated to a bigger row about the prime minister's and chancellor's style of government.
Next month's minimum wage increase in UK will not benefit 1.7 million workers because the raise does not apply to the self-employed, according to new research by the Social Market Foundation.
Rolls-Royce Holdings Plc will this week commit to creating 350 new jobs over the next year at its Derby factory, attempting to address political concerns over the future of the group's UK manufacturing operations after a string of profit warnings.
NYT
- Paint maker Sherwin-Williams Co is to buy rival Valspar Corp for $9.3 billion. This would create a new paint giant whose lines of paints are sold in North America, Europe and Asia. (http://nyti.ms/1pW2CQO)
- Affymetrix, a maker of advanced genetic analysis technology, rejected a takeover bid meant to derail its planned sale to Thermo Fisher Scientific for $1.3 billion. (http://nyti.ms/1pW2IrI)
- America's coal industry is now facing a dark hour, but there are few financiers willing to save it. JPMorgan Chase & Co announced it would no longer finance new coal-fired power plants in the United States or other wealthy nations. Similar announcements were also made by Bank of America Corp , Citigroup Inc and Morgan Stanley. (http://nyti.ms/1T3TPYD)
Canada
THE GLOBE AND MAIL
** Market data firm Environics Analytics has bulked up with the acquisition of Boire Filler Group, a company that helps clients make better use of their customer information. (http://bit.ly/1MiY4hn)
** Bombardier Inc is pushing to shift major chunks of work on its Toronto-built Q400 turboprop planes to Mexico and China, even as it seeks a billion-dollar bailout from Canadian taxpayers. (http://bit.ly/1U0BRHo)
** Tom Mulcair campaigned on the promise to balance the federal budget but, as New Democrats decide whether to endorse his continued leadership of their party, he says he believes in running deficits when they are required to meet other NDP commitments. (http://bit.ly/1ScAmmd)
NATIONAL POST
** Montreal has cancelled its plans to host the 2017 World Police and Fire Games, one of the largest international multidisciplinary sporting events on the planet, following a growing union movement to boycott the games. (http://bit.ly/1LABbpG)
** Conservatives looked back candidly on the 2015 election campaign at a fundraising event on Saturday. Ontario Tory leader Patrick Brown, in particular, politely slammed the campaign for "going too far on the niqab." (http://bit.ly/1UwYH9x)
** The political messaging that will weave through Justin Trudeau's first budget is poised to have a recognizable ring to it: reducing inequality while laying the groundwork for long-term economic growth. (http://bit.ly/1pWvFUh)
Britain
The Times
- A Chinese oil and gas business, Ires-Geo Technology, is setting up a base in Scotland and expects to create up to ten jobs at its office at Heriot-Watt University's research park on the outskirts of Edinburgh. (http://thetim.es/1PlfTa0)
- Barclays PLC has come under attack from a long-term shareholder, Django Davidson, for deciding to sell its African business and rebuild its investment bank. A partner at Hosking Partners, a London-based fund, Davidson told the Times that his firm is "somewhat confused and decidedly frustrated" by strategic initiatives being pushed through by Jes Staley, the bank's chief executive. (http://thetim.es/1Plgc4I)
The Guardian
- Hundreds of passengers flying with easyJet Plc and British Airways face flight cancellations over the next three days due to industrial action by French air traffic control employees. (http://bit.ly/1Plgjx6)
- Soft drink makers are considering taking legal action against the government over its controversial sugar tax as George Osborne's budget shows further signs of unwinding. (http://bit.ly/1RaWkWr)
The Telegraph
- The UK's biggest institutional investors are to demand FTSE 100 companies stop quarterly reporting as part of a radical shake-up of how shareholders interact with their investments. (http://bit.ly/1MiJTc9)
- Dyson will invest 1 billion pounds ($1.45 billion) in developing new battery technology by 2020 as the business best known for its vacuum cleaners branches out into new areas. (http://bit.ly/22rbSO5)
Sky News
- Edi Truell, who advises Boris Johnson, the London Mayor, will stand aside as the vice-chairman of Tungsten Corp Plc after informing boardroom colleagues last week that he wanted to acquire it. (http://bit.ly/1Rd9OPh)
- Downing Street "leant on" the NHS England chief to get him to reduce the 15 billion pounds ($21.68 billion) figure he said the health service would need, a former Liberal Democrat minister has said. (http://bit.ly/22rbEXf)
The Independent
- Leaving the European Union could blow a 100 billion pounds hole in the UK economy and cost up to 950,000 jobs, the CBI has warned, in what is easily the most pessimistic economic forecast yet of the implications of Brexit. (http://ind.pn/22rbXS3) ($1 = 0.6920 pounds)