- Oil nudges $50 a barrel as investors bet on shrinking overhang (Reuters)
- From hinterland to wonderland: China's 'teapot' refinery boomtowns (Reuters)
- Peter Thiel Has Been Secretly Funding Hulk Hogan's Lawsuits Against Gawker (Forbes)
- China Wants to Set Prices for the World's Commodities (BBG)
- Big Banks Ladle On the Risk (WSJ)
- China Said to Plan Asking U.S. on Timing of Fed Rate Hike (BBG)
- ECB credit buying to start small, betting on issue boom (Reuters)
- HP Enterprise to Spin Off, Merge Services Business (WSJ)
- Swedish court upholds Assange arrest warrant (Reuters)
- Trump Unveils Stable of Republican Donors (BBG)
- Ryan Said to Tell Confidants He’s Ready to End Trump Standoff (BBG)
- Clinton blasts Trump for cheering housing bubble burst (Reuters)
- Goldman Sachs Sees Malaysian Deals Evaporate Amid 1MDB Concerns (BBG)
- Trump on the defense over Clinton's housing market digs (CNN)
- Nerves of Steel Pay Off as Metals Bonds Jump on Materials Rally (BBG)
- Deutsche Bank Trading Woes Exposed in Slide Down Currency League (BBG)
- Jailed Ukraine pilot heads home under prisoner swap with Russia (Reuters)
- Polish minister says looking for solutions to constitutional row (Reuters)
- Shell Cuts 2,200 More Jobs to Withstand Lower-For-Longer Oil (BBG)
- Microsoft May Cut 1,850 Jobs as Nadella Pares Phone Ambitions (BBG)
- Sanofi to unveil challenge to Medivation's board (Reuters)
Overnight Media Digest
WSJ
- Hewlett Packard Enterprise Co plans to spin off most of its technology services operations and merge them with those of Computer Sciences Corp., in an $8.5-billion transaction that marks HP Enterprise's latest adjustment to a shifting landscape that is roiling the market for corporate technology. (http://on.wsj.com/1U8f1s4)
- Eurozone finance ministers and the International Monetary Fund patched together a deal in the early hours of Wednesday that clears the way for fresh loans for Greece and sets out how the country could get debt relief in the future. (http://on.wsj.com/1U8exSJ)
- A real estate firm that has been a favored investment of Tennessee Republican Senator Bob Corker is under investigation by federal law enforcement officials for alleged accounting fraud, according to people familiar with the matter. (http://on.wsj.com/1U8eQx2)
- Attorney General Loretta Lynch said Tuesday she has decided to seek the death penalty for Dylann Roof, a white man charged with killing nine parishioners at a black church in Charleston, S.C., last year. (http://on.wsj.com/1U8eKFB)
FT
* Greg Tufnell, ex-managing director of Mothercare is leading a bid to acquire BHS.
* Monsanto Co, the world's largest seed company, turned down Bayer AG's $62 billion acquisition bid as "incomplete and financially inadequate" on Tuesday, but said it was open to engage further in negotiations.
* Dozens of French police raided Google's Paris headquarters on Tuesday, escalating an investigation into the digital giant on suspicion of tax evasion.
NYT
- Toyota Motor Corp and Volkswagen AG, two of the world's largest automakers, said they were stepping up to invest in technology start-ups that are working to change the way people travel by car. Toyota said it had formed a partnership with and invested an undisclosed amount in Uber, the biggest ride-hailing company. Gett, the app popular in Europe, said it was working with Volkswagen, and the automaker was investing $300 million in the start-up. (http://nyti.ms/1VhDvEu)
- Monsanto Co rejected Bayer AG's $62 billion takeover offer on Tuesday, calling the takeover approach by the German giant too low. (http://nyti.ms/1Rpd9JL)
- Months after Hewlett-Packard split itself into two publicly traded companies, one of those new smaller businesses plans to become even smaller. Hewlett Packard Enterprise Co will sell its enterprise services business, whose offerings include call centers and network maintenance, to the Computer Sciences Corp in an all-stock deal, the companies announced on Tuesday. (http://nyti.ms/1qIulnK)
- Media mogul Sumner Redstone confirmed on Tuesday the appointment of two new members to his irrevocable trust, which will control the future of his companies, as well as new directors to National Amusements, the private theater chain company through which he controls his $40 billion media empire. (http://nyti.ms/1UcFLKR)
Canada
THE GLOBE AND MAIL
** The Canadian government is preparing to reject the permanent residence applications of three Chinese people who work for China's telecom giant Huawei, citing concerns of spying, terrorism or government subversion. The cases come after Huawei, which started operating in Canada in 2008, faced spying concerns in recent years. (http://bit.ly/1s9cMOY)
** Broadcast regulator Canadian Radio-television and Telecommunications Commission wants to know how pick-and-pay television is working out so far, and is calling Canada's largest cable and satellite distributors to account for the way they've rolled out new choices to viewers. (http://bit.ly/1Tz263c)
NATIONAL POST
** After some rocky years of revitalizing the business at Indigo Books and Music Inc, Heather Reisman is in growth mode again as she unveiled the company's latest store concept in west Toronto on Tuesday, the closest realization yet of her long-held vision to create a so-called "cultural department store." (http://bit.ly/247gGnt)
** About four in 10 Canadian homeowners says they were "caught short" in the past year without enough money to meet their expenses, according to a survey out on Tuesday. Manulife Bank paints a dim picture of Canadians with rising debt who could be sitting on a potential land mine if interest rates start rising. (http://bit.ly/1XuD9e1)
Britain
The Times
The pressure on Deutsche Bank's British chief executive grew yesterday after one of the top ratings agencies cut the German lender's credit standing and warned that his chances of delivering an ambitious turnaround plan were becoming more remote. (http://bit.ly/1OV1LLs)
The Guardian
Britain's leading tax and spending think tank, the Institute for Fiscal Studies, has warned that leaving the European Union would force ministers to extend austerity measures by up to two years to achieve a budget surplus. (http://bit.ly/20xYcLS)
French investigators have raided Google's Paris headquarters, saying the company is now under investigation for aggravated financial fraud and organised money laundering. (http://bit.ly/1WPN1Aq)
The Telegraph
U.S. agricultural business Monsanto rejected a $62 billion takeover offer from German drugs and crops giant Bayer yesterday as it believes the current proposal is "incomplete and financially inadequate", but said it is willing to engage in further negotiations. (http://bit.ly/1s8iFvY)
A Portuguese-backed consortium is in pole position to save BHS after Matalan founder John Hargreaves and Select Fashions Cafer Mahiroglu retreated from the bid battle. (http://bit.ly/1U862XP)
Sky News
Twitter has confirmed rumours it is going to stop counting attachments in its 140-character limit, giving users leeway to be more wordy. (http://bit.ly/1UcetV3)
Bank of England Governor Mark Carney came under fire at a grilling by MPs today when he was accused of rehashing "propaganda" on the economic consequences of Brexit. (http://bit.ly/25ft8Ec)
The Independent
Google could face a claim for billions of euros in back taxes after 100 police and tax investigators raided the company's offices in Paris as part of an investigation into alleged systematic fraud. (http://ind.pn/27RpxOT)
The chief executive of French energy giant EDF said the company "can't afford to keep the UK waiting" and hinted a decision regarding the Hinkley Point C nuclear project in Britain could be reached before the summer. (http://ind.pn/1VgHwZW)