- World stock markets rise while yen falls back (Reuters)
- Yen Falls a Second Day as Japan Reiterates Ability to Intervene (BBG)
- Say goodbye to OPEC, Russia’s Sechin says (Reuters)
- European Stocks Buoyed by Banks (WSJ)
- Fed's Dudley: More Reserve Currencies Would Make for Stronger Financial System (WSJ)
- Dead-of-Night Reversal Puts Brazil Impeachment Back on Track (BBG)
- The Recession’s Economic Trauma Has Left Enduring Scars (WSJ)
- China angered by U.S. navy patrol in South China Sea (Reuters)
- FDA Seeks to Redefine ‘Healthy’ (WSJ)
- Pro-Clinton Super-PAC to Start Anti-Trump Ad Barrage Before June 8 (BBG)
- Saudi Aramco to press ahead with oil expansion (FT)
- The World's Most Extreme Speculative Mania Unravels in China (BBG)
- Credit Suisse Posts Loss as CEO Signals Cost-Cuts Progress (BBG)
- Record-Breaking Container Ship Ends Brief U.S. Service (WSJ)
- China Railway Materials says company will try to pay debts in time (Reuters)
- Berlin opens way to Greek debt relief talks (FT)
Overnight Media Digest
WSJ
- North Carolina and the Obama administration filed dueling lawsuits against each other Monday over the state's bathroom law, in a legal showdown that some experts said could settle for good the question of whether the 1964 Civil Rights Act protects transgender people. (http://on.wsj.com/1T2thmF)
- Donald Trump sought Monday to clarify his views on fiscal and monetary policy, saying he was open to compromise on tax cuts but wouldn't try to alter the terms of the nation's $19 trillion in debt, which he called "absolutely sacred." (http://on.wsj.com/1T2tnL6)
- Alonzo Knowles, who was accused of hacking email accounts of celebrities to steal unreleased scripts, personal information such as social security numbers and explicit photos and videos pleaded guilty in a New York federal court Monday to criminal copyright infringement and identity theft. (http://on.wsj.com/1T2tpTi)
- California Gov. Jerry Brown on Monday issued an executive order making permanent some temporary water restrictions imposed to help the state through a severe drought, despite a wet winter that eased some dry conditions. (http://on.wsj.com/1T2tzKk)
NYT
- Foreign investment is sprouting along Ukraine's western borders, but the country's recent history of strife has made some companies hesitant to move in. (http://nyti.ms/1T7fTD8)
- As Washington remains deadlocked over a solution to Puerto Rico's rapidly worsening debt crisis, Treasury Secretary Jacob J. Lew traveled to the island on Monday to put human faces on the dry numbers underlying its woes, seeking to pressure Republicans in Congress to move quickly on a rescue package. (http://nyti.ms/1Wm6ad5)
- Takata, the Japanese airbag manufacturer at the center of the largest auto safety recall in history, revised its estimates of a profit in the latest fiscal year to a loss of $120 million as the costs of the crisis mounted. (http://nyti.ms/1T2sLVG)
- Facebook scrambled on Monday to respond to a new and startling line of attack by the website Gizmodo that accused the social network of suppressing stories from conservative news sources. (http://nyti.ms/1Ol84SX)
Canada
THE GLOBE AND MAIL
** Amid predictions the fire that drove the evacuation of Fort McMurray could burn for weeks or months, transportation companies that serve northern Alberta are adding flights and waiving some fees to help people get where they need to go. (http://bit.ly/1rPc3SJ)
** Canada Finance Minister Mike de Jong has issued a rare order under British Columbia's Freedom of Information law to ensure that travel receipts and daily calendars for cabinet ministers and their senior officials are automatically made public. (http://bit.ly/1rPcGvs)
** Former radio host Jian Ghomeshi is expected to sign a peace bond on Wednesday that could preclude him going to trial a second time for sexual assault, the Globe and Mail has learned. (http://bit.ly/1rPdYXB)
** The Canada Revenue Agency has launched investigations into 45 Canadian taxpayers named in the Panama Papers, and the number is set to grow as federal auditors pore over the newly acquired data. (http://bit.ly/1rPdXCV)
NATIONAL POST
** Two major Canadian banks have signed on to Apple Pay, marking a significant expansion of the tech giant's mobile wallet service in Canada. Starting Tuesday, debit and major credit cards issued by Royal Bank of Canada and Canadian Imperial Bank of Commerce will support Apple Inc's payments technology. (http://bit.ly/1rPf0Tp)
** Despite having the highest degree of digital literacy in the world, Canadians are far less likely than others around the globe to badmouth companies online when they have had a negative customer experience, according to a new survey from Accenture. (http://bit.ly/1rPfBEE)
** As oilsands companies scramble to determine when they can start producing oil again in fire-ravaged northern Alberta, the industry is estimated to be losing C$70 million ($54 million) every day that production is off line. (http://bit.ly/1rPfJE3)