- Yellen faces fine balance on Fed rate hike after job growth tumbles (Reuters)
- Oil Advances as Abu Dhabi Sees $60 Crude on Shrinking Surplus (BBG)
- China to submit 'negative list' for U.S. investment treaty talks next week (Reuters)
- Buoyed by attacks on Trump, Clinton heads into pivotal week (Reuters)
- Clinton's IT aide keeps email server shrouded in mystery (The Hill)
- Senior Republicans criticize Trump's remarks on Hispanic judge (Reuters)
- Pound Falls, Volatility Jumps as Polls Show Momentum for Brexit (BBG)
- U.S.-backed force in Syria closes in on Islamic State-held city (Reuters)
- The Land Below Zero: Where Negative Interest Rates Are Normal (BBG)
- ‘Niger Delta Avengers’ Sabotage Oil Output (WSJ)
- Global Yields Fall to Record as U.S. Jobs, Brexit to Hamper Fed (BBG)
- NY Fed first rejected cyber-heist transfers, then moved $81 million (Reuters)
- Winning With Unloved Europe Stocks When All Others Fall Flat (BBG)
- Ukraine says detained man planned attacks on Euro soccer championship in France (Reuters)
- China to submit 'negative list' for U.S. investment treaty talks next week (Reuters)
- Rosengren flags jobs report, yet says Fed rate hikes coming (Reuters)
- U.S. Navy slaps drinking ban on 18,600 sailors in Japan (Reuters)
Overnight Media Digest
WSJ
- U.S. officials appear poised to make history by approving the first private space mission to go beyond Earth's orbit, according to people familiar with the details. (http://on.wsj.com/1U3aB9d)
- The U.S. Federal Reserve's plans for raising short-term interest rates went on hold after Friday's dismal jobs report, with officials now wanting to wait and see whether the economy remains on track before they make a move. (http://on.wsj.com/1U39Rkh)
- Hillary Clinton won the Puerto Rico Democratic primary on Sunday, moving her a step closer to prevailing over her rival, Bernie Sanders, in the fight for her party's presidential nomination. (http://on.wsj.com/1U39Wo5)
- SoftBank Group Corp is set to sell most of its stake in GungHo Online Entertainment in a deal valued about 73 billion yen, or roughly $685 million. (http://on.wsj.com/1U3bq1H)
FT
Private equity firm AnaCap Financial Partners raised 595 million euros ($675.09 million) for its AnaCap Credit Opportunities III fund to buy credit assets from European banks.
Mike Ashley, the founder of Sports Direct International Plc , will answer questions in Britain's parliament about practices at the sports goods retailer on Tuesday, his spokesman said, signalling an end to a standoff between the billionaire and lawmakers.
High-street banks are training their staff on how to reassuringly answer queries from confused customers ahead of Britain's June 23 European Union referendum.
NYT
- Prevention, a health and wellness magazine that is published by the family-owned Rodale company, will become ad-free starting with its July issue, which will hit shelves next week. (http://nyti.ms/1VGS5Wy)
- The Treasury's schedule of financing this week includes Monday's regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday. At the close of the New York cash market on Friday, the rate on the outstanding three-month bill was 0.30 percent. The rate on the six-month issue was 0.43 percent, and the rate on the four-week issue was 0.19 percent. (http://nyti.ms/1Usvc3K)
- The Obama administration plans to use annual talks with leaders in Beijing to push for cuts in excess Chinese industrial output, which has inundated foreign markets with discounted steel, aluminum and other products, Treasury Secretary Jacob J. Lew said in Beijing on Sunday ahead of the meeting. (http://nyti.ms/1UCq1ky)
- As news outlets round the world continued to publish revelations from the Panama Papers, the non-profit organization that coordinated the project was preparing to move out of its offices here in an effort to cut costs. The organization, called the International Consortium of Investigative Journalists, was already forced to part with three contract journalists who had helped its small staff shepherd the project. (http://nyti.ms/1t0ibZ5)
Britain
The Times
Martin Sorrell is facing a shareholder rebellion over his 70 million pounds ($100.72 million) pay package as chief executive of WPP Plc. Two proxy advisory firms, Pirc and ShareSoc, are advising investors to oppose the advertising group's remuneration report on Wednesday, while another, ISS, is recommending only "qualified support" for the report. (http://bit.ly/1PdCkjc)
John Kingman, the most senior civil servant in the Treasury, is being lined up to take on the chairmanship of Legal & General Group Plc in one of the most eye-catching moves from Whitehall to the City in years. (http://bit.ly/1PdCnLR)
The Guardian
The Bank of England is stepping up its preparations for a possible decision by Britain to leave the European Union on June 23. The first of three special funding operations by Threadneedle Street will be launched on June 14 to ensure UK's commercial banks have the necessary cash to cope with any turmoil caused by the uncertainty surrounding a Brexit vote. (http://bit.ly/1PdCRBB)
Retail Acquisitions, the former owner of BHS, pledged to keep all funds in the business and plough any proceeds from the sale of the group's properties into its day-to-day running until a deal had been struck on the future of the BHS pension scheme, the Guardian understands. (http://bit.ly/1PdD87D)
The Telegraph
The Bank of Scotland has warned that nearly a third of companies are planning further job cuts to survive the slow recovery from sub-$30 a barrel oil prices seen earlier this year. The bank's annual oil sector survey shows that 43 percent of companies are planning cost cutting. (http://bit.ly/1PdD9Zl)
Deliveroo, the London-based food delivery network, is due to hit revenue of 130 million pounds this year, solidifying its position as one of UK's most-promising technology companies. (http://bit.ly/1PdCPtl)
Sky News
HouseSimple, an online estate agent backed by Charles Dunstone, has raised 13 million pounds to fund its growth plans, Sky News understands. (http://bit.ly/1PdCCX6)
The Independent
Sports Direct International Plc boss Mike Ashley has said he will now appear before MPs to defend his firm's "good name". Ashley has backed down after months of refusing to give evidence to the Business, Innovation and Skills (BIS) select committee about working conditions at his sporting goods chain. (http://ind.pn/1PdCCq9)