- Global Stocks Drop on Renewed Concerns About China (WSJ)
- Iron Ore's Rally Stalls as Goldman to Citigroup Forecast Retreat (BBG)
- EU and Turkey close to groundbreaking migrant deal (FT)
- Carney's `Brexit' Stance Under Fire as BOE Accused of Bias (BBG)
- Oil edges lower after Kuwait dents hopes for output freeze (Reuters)
- OECD Leading Indicators Point to Slowing Global Growth (WSJ)
- Treasuries Rally as Japan Yields Extend Record Low on Safety Bid (BBG)
- Germany’s Schäuble Sees No Need For Immediate Decision on Greece Payments (WSJ)
- Justin Trudeau: The Canadian Coming for Dinner (BBG)
- The Problem With the World’s Most Obvious Trade (WSJ)
- Millennials Spending Power Has Hilton Weighing a 'Hostel-Like' Brand (BBG)
- Sharapova fails drug test, Nike suspends ties (Reuters)
- U.S. Restricts Sales to ZTE, Saying It Breached Sanctions (NYT)
- Americans Really Don't Like Immigration, New Survey Finds (BBG)
- Shake Shack Drops as Slowing Growth Threatens Brand Cachet (BBG)
- German Industrial Production Surges by Most Since 2009 (BBG)
Overnight Media Digest
WSJ
- Tennis star Maria Sharapova announced on Monday that she failed a drug test at this year's Australian Open for a medication she had been taking for 10 years, that was recently banned by the World Anti-Doping Agency. (http://on.wsj.com/1puVydR)
- Donald Trump's march toward the Republican presidential nomination faces new tests on Tuesday in Michigan and Mississippi, states where rivals John Kasich and Ted Cruz are betting their regional appeal will serve as an antidote to Trump's outsider campaign. (http://on.wsj.com/1puSYVa)
- The Obama administration announced Monday that it will release casualty totals of people killed in U.S. counter-terrorism strikes abroad, in an effort to bring greater transparency to one of the most controversial aspects of the 'war on terrorism'. (http://on.wsj.com/1puT4Mi)
- Seven families in Flint, Michigan, sued Michigan Governor Rick Snyder and other state officials on Monday, alleging that they failed to take measures to protect the city's drinking water and then downplayed the severity of the lead contamination. (http://on.wsj.com/1puUx5t)
- Verizon Communications Inc will pay $1.35 million to settle an investigation with federal regulators over the wireless carrier's use of so-called supercookies, pieces of software that tracked its customers' online usage. (http://on.wsj.com/1puUMxg)
- The Justice Department on Monday asked a federal judge to reverse an earlier ruling and order Apple Inc to help extract data from an iPhone - part of a hotly contested legal dispute between Washington and Silicon Valley over issues of privacy and security. (http://on.wsj.com/1puUOVY)
- The U.S. Supreme Court on Monday reinstated a lesbian woman's adoption of her former partner's biological children, rebuking the Alabama Supreme Court for invalidating the woman's parental rights. (http://on.wsj.com/1puUqXr)
- Outstanding consumer credit, a measure of non-real estate debt, rose by a seasonally adjusted $10.54 billion in January from the prior month, the U.S. Federal Reserve said Monday. The 3.58 percent seasonally adjusted annual growth rate was the slowest growth pace since March 2013; in dollar terms, it was the smallest increase since November 2013. (http://on.wsj.com/1puUXIX)
FT
* A poll conducted by the Electoral Reform Society has found that only one-in-six people felt well-informed about the upcoming Brexit referendum. The British voters don't feel well informed and are asking for more businesses to talk on the issue.
* The Bank of England will offer an additional three indexed long-term repo (ILTR) operations in the weeks around Britain's June 23 referendum on membership of the European Union, it said on Monday.
* A unknown investor has built up about five percent stake in fashion company Burberry which has prompted the brand to ask for help from its financial advisers for defence against any potential takeover bid.
* Mapletree Investments, the property arm of Singapore's state investment fund Temasek, has acquired a portfolio of UK student accommodation for 417 million pounds ($594.43 million), fending off competition of bidders from the US, Russia and the Middle East.
NYT
- Chinese phone maker ZTE Corp will be blocked from buying any technology from U.S. companies without a special license as the company was found to have violated American sanctions against Iran by selling U.S-made goods to the country. (http://nyti.ms/21UOIPS)
- Wall Street bonuses are down for the second straight year, and recent market volatility and cutbacks suggest that 2016 is shaping up to be a difficult year, according to the New York State comptroller. (http://nyti.ms/21UPlsI)
- Hedge fund Visium Asset Management told investors on Monday that it is being investigated by the U.S. Justice Department and the Securities and Exchange Commission. (http://nyti.ms/21UPmwS)
- New rules from British regulators can act as a guide for how to hold senior managers accountable when their companies violate regulatory requirements. (http://nyti.ms/21UR1mi)
Canada
THE GLOBE AND MAIL
** The Canadian government's plans to address rail safety in the upcoming federal budget are coming under heightened scrutiny amid new revelations about the Lac-Mégantic rail disaster, which killed 47 people in 2013, but could have been prevented by a simple 10-second safety procedure.(http://bit.ly/1QzJAID)
** Surging crude prices pushed Canadian oil and gas stocks to three-month highs on Monday, but investors bitten for more than a year by short-lived gains are wary of calling an end to the downturn.(http://bit.ly/1p4n3tW)
** A senior United Nations official is calling on Canada to reach out to the Nigerian government and offer logistical and intelligence services to help find more than 200 Nigerian schoolgirls abducted by Boko Haram nearly two years ago.(http://bit.ly/1RPIMzI)
NATIONAL POST
** Malaysia's Petronas is frustrated that Prime Minister Justin Trudeau's climate-change priorities are introducing new uncertainty for its proposed C$36 billion ($27 billion) Pacific NorthWest LNG project in northern British Columbia and has threatened to walk away if it doesn't get federal approval by March 31, according to a source close to the project.(http://bit.ly/1QzKcOg)
** Companies are wiggling out of money-losing contracts to buy electricity from coal-fired power plants in Alberta as a result of the province's new climate change policies, leaving a provincial agency to honor the agreements. TransCanada Corp , a company best known for building pipelines but that also has a power business, cited a recent change in Alberta's climate laws in order to terminate contracts to buy coal-fired electric power from Atco Ltd and TransAlta Corp .(http://bit.ly/1UPjc0n)
Britain
The Times
EDF finance chief resigns over Hinkley Point
The financial director of Électricité de France has resigned over a disagreement about the French utility's plans to build the Hinkley Point nuclear power plant in Britain. (http://thetim.es/1LaNsRf)
Search for the mystery investor in Burberry
Burberry Group Plc is trying to find out the identity of a mystery investor who has built up a stake of about 5 per cent in the luxury retail group. The British brand, known for its check scarves and trenchcoats, is understood to have asked HSBC, which is listed as the custodian for the position, to disclose the identity of the investor. (http://thetim.es/1TFTGvF)
The Guardian
Stagecoach loses court case over 11 mln stg tax avoidance scheme
A complex tax avoidance scheme being used by transport group Stagecoach Group Plc to wipe 11 mln pounds off its tax bill has been defeated in the tax courts. In a 56-page ruling, a judge, Gordon Reid QC, found that the scheme, devised with the help of tax experts at KPMG, fell foul of tax avoidance legislation. The scheme involved shifting money between companies within the Stagecoach group to create a large loss in one of them without a corresponding gain in any other. (http://bit.ly/1X6Ohvi)
The Telegraph
BHS sends shockwaves through high street with warning it could collapse owing 1.3 bln stg
BHS has warned its creditors that they stand to lose as much as 1.3 bln pounds if they do not agree to a drastic turnaround plan this month. (http://bit.ly/1X8bT2E)
Microsoft plans to close UK games studio Lionhead
Microsoft Corp is planning to close the UK video games developer that helped establish its Xbox console as a major player in the gaming world, putting almost 100 jobs at risk. (http://bit.ly/21TYbXZ)
Barclays hires nine M&A executives to bolster investment bank
Barclays Plc has hired top mergers and acquisitions banker Carlo Calabria and eight of his colleagues from CMC Capital to bolster its investment bank. Calabria will become chairman of M&A in Europe, the Middle East and Africa at the bank. (http://bit.ly/1puHTTY)
Sky News
Heathrow Lands Ex-Treasury Minister Deighton
The owner of Britain's biggest airport will seek to bolster its chances of adding new runway capacity on Tuesday when it names the former Treasury minister Lord Deighton as its new chairman. (http://bit.ly/1pbNlLI)
Bank Of England's Cash Plan For EU Referendum
The Bank of England is putting in place precautions to ensure sterling markets keep working smoothly around the time of the EU referendum by giving lenders access to extra cash. (http://bit.ly/1TFSSqr)