- Just How Leaky Is the Fed? More Than You May Realize (BBG)
- Republican Presidential Candidates Spar Over Party’s Future (WSJ)
- Euro Area Seeks Greece Roadmap to May Agreement (BBG)
- The $320 Billion Bogey Needed to Placate U.S. Stock Market Bulls (BBG)
- Seeking Obamacare alternative, Republicans eye tax credits (Reuters)
- Gundlach Says Market Hasn’t Seen Full Impact of Fed Moves (BBG)
- EU meets on migrant crisis as shipwreck corpses brought ashore (Reuters)
- Canada’s Own Oil Pipeline Problem (WSJ)
- For short-sellers in U.S. stocks, the agony just piles on (Reuters)
- Carlyle to Close Two Mutual Funds in Liquid Alternatives Setback (BBG)
- Target Website, Apps Overwhelmed by Demand for Lilly Pulitzer (WSJ)
- For These 55 Marijuana Companies, Every Day is 4/20 (BBG)
- World Braces for Taper Tantrum II Even as Yellen Soothes Nervesv (BBG)
- Oil Rigs’ Biggest Risk: Human Error (WSJ)
- Investors Who See ‘Froth’ in Market Go All In for Oil (BBG)
Overnight Media Digest
WSJ
* Jon Corzine, the embattled former MF Global Holdings chief executive, has discussed plans to start his own hedge fund in recent months, according to people familiar with the matter.(http://on.wsj.com/1cO9EAC)
* Comcast Corp and Time Warner Cable Inc are slated to sit down for the first time on Wednesday with Justice Department officials to discuss potential remedies in hopes of keeping their $45.2 billion merger on track, according to people familiar with the matter. (http://on.wsj.com/1cObmSA)
* The proposed Northern Gateway, a 730-mile pipeline to ship Canadian oil to a West Coast port, has hit opposition by native groups who say it threatens their environment and culture. (http://on.wsj.com/1cOdSIw)
* Target Corp's website went down Sunday morning, overwhelmed by shoppers clamoring for a piece of a Lilly Pulitzer collection that was selling for a fraction of the price of the Palm Beach label's luxury clothes. (http://on.wsj.com/1cOeuOg)
* Sports juggernaut ESPN is raising objections to Verizon FiOS's plans to break up the traditional TV bundle and offer customers more choice in constructing their package of channels. (http://on.wsj.com/1cOeUnE)
* Prologis Inc, a big owner of warehouses and distribution centers, agreed to buy industrial-property owner KTR Capital Partners for $5.9 billion, in one of the largest real-estate deals so far this year. (http://on.wsj.com/1cOfsdk)
* In a deal expected to be announced Monday, Aston Martin Lagonda Ltd will tie up with Chinese online entertainment company LeTV as part of the British luxury car maker's broader push to incorporate high-end Chinese technology into its vehicles. (http://on.wsj.com/1cOgqGo)
FT
EU countries were under pressure to take further steps to prevent the loss of life of migrants in the Mediterranean Sea after as many as 700 refugees were feared dead in an accident off the Libyan coast.
David Cameron has promised that retail investors will take part in a 9 billion pound ($13.46 billion) post-election sell-off of Lloyds Banking Group shares.
IMF chief Christine Lagarde said she told Greek finance minister Yanis Varoufakis last week that he needed to accelerate reforms. She warned that patience was running out with the new Syriza government in Athens.
Deutsche Bank is preparing to divest its Postbank retail operation in response to sluggish markets. High quality global journalism requires investment. The divestment of Postbank, which has 1,100 branches, would be biggest strategic step yet for the bank under co-chief executives Anshu Jain and Jürgen Fitschen.
Big shareholders in UK banks want lenders to stop paying bonuses based on adjusted earnings that exclude fines, restructuring costs and non-core units, raising the prospect of protest votes at annual meetings starting this week.
Financial Times research shows that the stagnation of productivity in the UK since 2008 is largely explained by just four sectors - professional services, telecommunications and computing, banking and finance and manufacturing.
NYT
* International Business Machines Corp's partnership with Beijing Teamsun Technology Co Ltd, a Beijing company to provide key technologies is similar to ones it has made elsewhere, but it has collided with political and trade issues. (http://nyti.ms/1cO31OD)
* "Daredevil," the 17th Netflix Inc original series to make its debut this year, is part of an expanding range of original shows intended to position the company for a digital revolution in entertainment. (http://nyti.ms/1aJhtWq)
* China's central bank on Sunday freed roughly $200 billion for new lending, a widely expected stimulus measure devised to pump more money into the economy. It is the latest sign that economic growth may be slowing faster than the leadership in Beijing anticipated. (http://nyti.ms/1P29pja)
* Interpublic Group of Companies Inc is buying a minority stake in Samba TV, a start-up that provides television analytics, part of the advertising giant's effort to understand how consumers are watching television. (http://nyti.ms/1biwvns)
* The staff lawyers at the Justice Department reviewing Comcast Corp's proposed $45 billion takeover of Time Warner Cable Inc have raised concerns about the merger and are leaning toward recommending that it be blocked, according to a person with knowledge of the deliberations. (http://nyti.ms/1JXFEgA)
* Another Brazilian company has fallen to the corruption scandal surrounding Brazil's petroleum giant, Petrobras: Schahin Group requested on Friday a bankruptcy court's protection for 28 of its subsidiaries. (http://nyti.ms/1OwBwF5)
Hong Kong
SOUTH CHINA MORNING POST
- Chek Lap Kok airport could use a new method to space out aircraft landings to cut delays and allow additional flight movements, said National Air Traffic Services, a UK-based consultant that carried out an analysis of Hong Kong's airspace and runway capacity in 2008. (http://bit.ly/1GaEYG7)
THE STANDARD
- Support for lawmakers to pass the political reform package that adheres to Beijing's August 31 decision has been steadily rising, according to a survey by pro-establishment group New Territories Association of Societies. Around 55 percent initially supported the package before the number rose to 58 percent and then 61 percent. (http://bit.ly/1yIJOaR)
- Australian undergraduates under the country's New Colombo Plan have named Hong Kong as one of the more popular destinations for studies, an education-sector lawmaker Ip Kin-yuen said. Ip said Canberra was interested in further discussions with local universities about expanding the number of students who could study in Hong Kong. (http://bit.ly/1JkCp1C)
- Most Hong Kong people are in bed before 1 am and awake by 8 am. But many may not sleep for as long or as well as doctors recommend. Hong Kong ranked 17th in the global survey about sleep quality on a list compiled by smartphone app Sleep Cycle. Slovakians enjoy the best quality sleep, mainlanders the next and Hungarians the third-best. (http://bit.ly/1DBpqHI)
HONG KONG ECONOMIC JOURNAL
- U.S.-listed suitcase maker Tumi Holdings, a major rival of Samsonite, sees Hong Kong, which is a hot spot for tourists around the region, as an important city for the brand to further expand into other Asian markets, according to Asia Pacific chief Fernando Ciccarelli. The company now operates 380 points of sale in 15 countries in the region.
Britain
The Times
* Conran attacks BHS sale
Terence Conran has criticised Sir Philip Green's sale of the BHS store chain, which he once ran, describing it as "ridiculous". His comments came as a letter sent to members of BHS's pension scheme revealed its deficit stood at 207 million pounds ($309.67 million) last year - almost twice the level reported in the 2013 accounts. (http://thetim.es/1aIUpqM)
* HSBC set for revolt over chief's 7 mln pounds pay
The embattled banking giant HSBC Holdings Plc faces fresh criticism from investors over executive pay this week as it prepares to pare back its empire. Shareholders are expected to lash out against a 7.6 million pounds pay package for Chief Executive Officer Stuart Gulliver at the annual meeting on Friday. (http://thetim.es/1D3NTBO)
The Guardian
* Co-op Group: Competition means we cannot fully commit to Fairtrade
The Co-operative Group has told its members that it cannot make an enhanced commitment to stock Fairtrade products because of tough competition among supermarkets and its shift towards convenience stores. (http://bit.ly/1EhHIRU)
* April house price average at all-time high of more than 286,000 pounds
A lack of sellers and a huge surge in the number of people looking to buy a home has pushed the average asking price of homes coming on to the market in April up to an all-time high of just over 286,000 pounds, according to property website Rightmove. (http://bit.ly/1P0WUUU)
The Telegraph
* Europe ready for Grexit contagion as Athens gets closer to Russian cash
The European Central Bank has warned that a rupture of monetary union and Greek exit from the euro could have dramatic consequences but insisted that it has enough powerful weapons to avert contagion. (http://bit.ly/1D1ul0I)
* Wonga set to post loss amid clampdown on payday lenders
Wonga, the payday loan company is set to report in the first half of this week a loss of around 35 million pounds for 2014 after revenues fell by almost a third to 215 million pounds. (http://bit.ly/1Q77HhW)
Sky News
* Tories pledge Thatcher-style Lloyds sell-off
David Cameron is pledging an '80s-style privatisation if the Tories win the election, selling off the government's stake in Lloyds Banking Group. Only days after reviving Margaret Thatcher's right to buy policy in the Tory manifesto, he is now planning to win votes with a promise of cheap shares in a 10 billion pounds sell-off within a year of the General Election. (http://bit.ly/1HJ1DbU)
* Cable warns of CMA threat to Tory Lloyds sale
Conservative plans to sell billions of pounds of Lloyds Banking Group shares to the general public by May 2016 could be undermined by a competition inquiry into the industry, the Business Secretary Vince Cable has warned. (http://bit.ly/1HI9GFH)