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Frontrunning: October 18

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  • Commodity stocks lift global shares, inflation in focus (Reuters)
  • FBI Papers Show State Department Fought Clinton Email Classification (WSJ)
  • Russia Declares Pause in Aleppo Bombing so Rebels, Civilians Can Flee (NBC)
  • Syria rebels reject Aleppo withdrawal after Russian statement (Reuters)
  • UK lawmakers will 'very likely' have to ratify final Brexit deal: government lawyer (Reuters)
  • U.K. Inflation Rate Surges to Highest in Almost Two Years (BBG)
  • Mosul campaign is a calculated risk for Obama (Reuters)
  • UnitedHealth Boosts Forecast as It Puts Obamacare Woes in Past (BBG)
  • Norway’s oil fund urged to invest billions more in shares (FT)
  • Why Americans Work So Much More Than Europeans (BBG)
  • Iraqi Forces Advance to Edges of ISIS-Held Mosul (WSJ)
  • The Company Taking Over Breakfast in America (BBG)
  • 4-star general snagged for lying in Stuxnet leak probe (Politico)
  • How Apple Scaled Back Its Titanic Plan to Take on Detroit (BBG)
  • Goldman Sachs’s Asia Pacific Chairman to Retire (NYT)
  • At least two dead in explosion at German BASF chemical plant (Reuters)
  • Visa CEO Charles Scharf Is Stepping Down (WSJ)
  • Big Labor Unions Increase Spending on 2016 Election (WSJ)
  • Ukraine's Poroshenko not optimistic about meeting with Putin (Reuters)




Overnight Media Digest




- Netflix Inc blew through its forecast for subscriber additions in the September quarter, reassuring investors who were skittish about the streaming giant's growth trajectory and sending its shares soaring 20 percent in after-hours trading. http://on.wsj.com/2e3i5hM


- Caterpillar Inc Chairman and Chief Executive Doug Oberhelman will retire earlier than expected, leaving company veteran Jim Umpleby to battle a historic sales slump after ill-timed bets on China and mining equipment. http://on.wsj.com/2e3jftu


- Kurdish and Iraqi forces captured 17 villages around Mosul on Monday, Iraq's military said, but Islamic State slowed their advance with heavy mortar fire that signaled a potentially fierce battle for the militant group's last major stronghold in Iraq. http://on.wsj.com/2e3gAQL


- Visa Inc said Chief Executive Charles Scharf is resigning after advising the board that he can no longer spend enough time in San Francisco "to do the job effectively." http://on.wsj.com/2e3fvsc


- A State Department official in 2015 tried to keep the Federal Bureau of Investigation from marking a Hillary Clinton email as classified, according to documents that reveal the extent to which officials sought to reduce the number of messages judged to contain national secrets. http://on.wsj.com/2e3gtEO


- The Ecuadorean government declined late Monday to say whether it had cut off internet access to WikiLeaks founder Julian Assange, but said it would continue providing him asylum, as they have in their London embassy since 2012. http://on.wsj.com/2e3j0ig


- PepsiCo Inc is doubling down on its health push, announcing new targets Monday to reduce sugar, salt and fat in its beverages and snacks by 2025. http://on.wsj.com/2e3hY5I


- Egyptian businessman Naguib Sawiris said he is prepared to invest in troubled Brazilian telecom Oi SA, which filed the country's largest-ever bankruptcy protection request earlier this year, if a recovery plan his team is working on with a group of the firm's major bondholders is accepted by creditors and shareholders. http://on.wsj.com/2e3h0GP






- Six have been injured and one person dies in a fire and an explosion at a BASF chemicals site in Germany. The plant manager said it was still unclear what caused the blast and which chemicals were burning.


- Steven Woolfe, a one-time favourite of the UKip, has quit the party. He said that the party was "ungovernable" without Nigel Farage as leader.


- UK Prime Minister Theresa May is minded to approve the expansion of Heathrow airport and is understood to see the project as an opportunity to show that Britain is not closing itself off from the world by leaving the EU.


- The UK government does not plan to take legal action against Volkswagen over the emissions scandal and the Competition and Markets Authority will not seek compensation for affected car owners in UK in a civil case






- One of Goldman Sachs Group Inc's top bankers in Asia is planning on retiring after nearly three decades at the firm. Mark Schwartz, who is chairman of Goldman's Asia Pacific region and a vice chairman of the firm, will retire at the end of the year, the firm said in an internal memorandum on Monday. http://nyti.ms/2eA8bDY


- NBC announced the departure of Billy Bush on Monday after several days of negotiations over the terms of his exit, less than two weeks after a video from 2005 surfaced in which he and Donald Trump engaged in a vulgar and misogynistic conversation about women. http://nyti.ms/2egvjTp


- A start-up looking to take on the financial information behemoth Bloomberg L.P. is hiring a former Bloomberg executive to begin a new financial news service. Norman Pearlstine, a former top editor at Bloomberg, The Wall Street Journal and Time, is joining Money.net, which has been building a low-cost alternative to the data terminals that sit at the core of Michael Bloomberg's business empire. http://nyti.ms/2dwIe5l


- Russia's main English-language satellite network complained on Monday that its British bank was abruptly closing its accounts. The network, which reported on the decision, called it a British-government-sanctioned attempt to interfere with freedom of speech. http://nyti.ms/2ebPqnC








** Online real-estate brokerage Zoocasa shuttered by Rogers Communications Inc last year is relaunching with a new website and an injection of cash from a group of technology-focused investors. (http://bit.ly/2dkd9n0)


** Larry Tomei is joining HSBC Bank Canada as the new head of retail banking and wealth management. (http://bit.ly/2dke1bg)


** Merger talks between Canadian online gambling company Amaya Inc and British bookmaker William Hill Plc have ended after the two firms concluded they would be stronger on their own. (http://bit.ly/2dke3A7)




** Canadian political commentator Ezra Levant is turning to Prime Minister Justin Trudeau for help after a United Nations department barred his online news outlet from attending next month's Conference of the Parties (COP 22) in Morocco. (http://bit.ly/2dkfEG6)


** The naming of Newfoundlander Malcolm Rowe to the Supreme Court of Canada justice ushers in a contemporary and open era in its occult appointment process while maintaining its 141-year custom of regional representation. (http://bit.ly/2dkhp66)












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