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Frontrunning: March 28

  • Terror Network’s Web Sprawls Beyond Brussels and Paris (WSJ)
  • Dollar firms, Asia stocks slip as U.S. data, Fed comments awaited (Reuters)
  • Pakistanis hunt militants behind blast that killed at least 70 (Reuters)
  • Biden-Clinton Friction Hangs Over Campaign (WSJ)
  • Japan opens radar station close to disputed isles, drawing angry China response (Reuters)
  • Google Search Technique Aided N.Y. Dam Hacker in Iran (WSJ)
  • Brazilians Scrimp and Save in Unwelcome Surprise for Investors (BBG)
  • Cruz, Trump Trade Blame for Latest Personal Attacks (WSJ)
  • California lawmakers, unions reach $15 minimum wage deal (Reuters)
  • Energy Companies Pay Up to Raise Cash (WSJ)
  • More than 35,000 sign petition to allow guns at RNC (NBC)
  • Japan's NTT Data agrees to buy Dell's IT services unit for $3 billion (Reuters)
  • Belgium Charges More Terror Suspects as Attacks Death Toll Rises (BBG)
  • Belgian police break up street protests as attack investigation widens (Reuters)
  • Red Meat, It's What's for Dinner Again as Beef Prices Tumble (BBG)
  • How a Venezuelan Opposition Leader Secretly Communicates From Solitary Confinement (BBG)

 

Overnight Media Digest

WSJ

- An Iranian charged with hacking the computer system that controlled a New York dam used a readily available Google search process to identify the vulnerable system, according to people familiar with the federal investigation. (http://on.wsj.com/1RmUiny)

- Avon Products Inc is nearing the settlement of a skirmish with activist investors that would enable the embattled beauty-products retailer to sidestep a proxy fight. The company plans to announce as early as Monday that it has reached an agreement with Barington Capital Group LP and NuOrion Partners AG, which will allow them to approve a new independent director for the company's board, according to people familiar with the matter. (http://on.wsj.com/1qa6M7C)

- At least 65 people were killed and hundreds more injured in an apparent suicide bombing at a park in Pakistan, that an Islamic militant group said was aimed at Christians celebrating Easter. (http://on.wsj.com/1RmMh1V)

- The Syrian regime regained control of the city of Palmyra from ISIS, its first significant victory over the extremist group and one that was aided by heavy Russian air strikes. (http://on.wsj.com/1Uopkh4)

- California appears poised to raise its minimum wage to $15 an hour. Governor Jerry Brown's administration told leaders in the Democratic-controlled state Legislature that he supports boosting the state's minimum wage to $15 by 2022, a person familiar with the matter said. The approach would give the governor some control over an issue that looked set to be decided directly by voters in November. (http://on.wsj.com/1ZFIsXz)

 

FT

The British Bankers' Association said a survey of its members found that 55 percent believe that the UK remaining in the EU would be in their best interests and 57 percent predicted Brexit would have a negative impact.

Banco Popolare Sc and Banca Popolare di Milano outlined on Thursday their merger plan to create Italy's third biggest bank with a strong foothold in the country's wealthiest northern regions.

UK government is weighing plans that could lead to the privatisation of Land Registry, the agency that records all land and property information in England and Wales.

 

Britain

The Times

- The British aerospace industry is stuck in a holding pattern as Boeing Co and Airbus Group SE, the world's biggest aircraft manufacturers, signal a slowdown in deliveries this year. (http://thetim.es/1SfvbiF)

- GlaxoSmithKline Plc is working on a plan to give poor countries access to its cancer drugs by allowing competitors access to its intellectual property. (http://thetim.es/1Sfu2Yz)

The Guardian

- George Osborne's budget is handing a tax cut averaging 3,000 pounds ($4,238.40) to some of the wealthiest people in the country who make up just 0.3 percent of the population, the shadow chancellor, John McDonnell, has said. (http://bit.ly/1SfuplQ)

- The value of Scottish commercial property transactions in the first quarter of this year is on course to rise by 33 percent to more than 662 million pounds ($935.27 million). (http://thetim.es/1SfuC8C)

The Telegraph

- The UK's largest energy suppliers are under renewed pressure to double their recent tariff cuts as fresh data shows the latest round of reductions has done little to reduce fuel poverty. (http://bit.ly/1SfuSo6)

Sky News

- The embattled FTSE-100 mining group Anglo American Plc is drawing up plans to replace its veteran finance chief as it pursues a radical restructuring triggered by the rout in global commodity prices. (http://bit.ly/1SfvolZ)

The Independent

- Leaving the EU could cut the cost of Easter eggs, pro-Brexit campaigners claimed. Unilateral trade deals with chocolate-producing countries Indonesia, Nigeria and Brazil could remove "punitive tariffs" imposed by Brussels on imports of cocoa-based sweet treats, Vote Leave said. (http://ind.pn/1Sfv2vE)