Frontrunning: January 30
- Only time will define Bernanke's crisis-era legacy at Fed (Reuters)
- Record Cash Leaves Emerging Market ETFs (BBG)
- Investors Look Toward Safer Options as Ground Shifts (WSJ)
- Fed Policy Makers Rally Behind Tapering QE as Yellen Era Begins (BBG)
- Rating agencies criticise China’s bailout of failed $500m trust (FT)
- Russia to await new Ukraine government before fully implementing rescue (Reuters)
- U.S. readies financial sanctions against Ukraine: congressional aides (Reuters)
- Companies resist president’s call for minimum wage rise (FT)
- Secret Swiss Funds at Risk as Italy’s Saccomanni Visits Bern (BBG)
- Top Democrat puts Obama trade deals in doubt (FT)
- Erdogan to Give Rate Increase Time Before Trying Other Plans (BBG)
- Bernanke Memorable Moments From AIG Anger to Dimon Encounter (BBG)
- Capital controls not on agenda in Turkey: senior government official (Reuters) - translation - the opposite
- Wall Street Attracts Chop Shops 20 Years After ‘Wolf’ (BBG)
- Deutsche Bank suspends currency trader (DB)
- Deadly ice storm turns Atlanta into parking lot (Reuters)
Overnight Media Digest
* Just one month into 2014, investors from Illinois to Istanbul are finding the tide going out fast for stocks and other riskier investments.
* U.S. stocks have started the year with a thud. What's interesting, though, isn't that stocks are down but that the declines are coming so grudgingly.
* Google's experiment making Motorola phones has ended after just 22 months, with the company unloading the handset business to China's Lenovo Group for $2.91 billion but keeping a valuable trove of patents.
* The hackers who stole 40 million credit and debit card numbers from Target Corp appear to have breached the discounter's systems by using electronic credentials stolen from a vendor.
* Amazon.com plans to offer brick-and-mortar retailers a checkout system that uses Kindle tablets as soon as this summer.
* Blackstone Group's chairman has made clear to senior executives that 43-year-old real-estate specialist Jonathan Gray is the front-runner should the current president depart within the next few years.
* How do the details of a family tragedy land on a piece of junk mail? Most likely from a customer service representative who feeds data to information brokers electronically compiling and selling information.