Frontrunning: August 13


  • Obama says Missouri shooting death tragic, reflection needed (Reuters)
  • U.S. Weighs Iraq Rescue Mission to Save Yazidis (WSJ)
  • Maliki says Abadi's appointment as Iraqi PM 'has no value' (Reuters)
  • Iran Joins U.S. in Backing Replacement for Iraq’s Maliki (BBG)
  • Kurds Push Attack in North Iraq as Maliki Clings to Power (BBG)
  • Obama Donors Embrace Corporate Inversions He Criticizes (BBG)
  • Syrian Forces Advance on Aleppo, Rebels Fear Another Siege (WSJ)
  • China Credit Gauge Unexpectedly Plunges (BBG)
  • Israel, Palestinians pursue Gaza deal with ceasefire clock ticking (Reuters)
  • Ebola Drug’s Success Bolsters Approach for Other Diseases (BBG)
  • With Natural Gas Byproduct, Iran Sidesteps Sanctions (NYT)
  • Kazakhs to Hoard Food as Putin Sanctions Rattle Alliance (BBG)
  • Behind the Collapse of Portugal's Espírito Santo Empire (WSJ)
  • Brokerages face exodus as advisers get better deal in indie firms (Reuters)
  • Banks Retreat From Market That Keeps Cash Flowing (WSJ)
  • Amazon.com builds brick-and-mortar presence with card-swiping device (Reuters)
  • Banking Lobby Backs Stricter Codes of Conduct for Currency Traders (WSJ)

 

Overnight Media Digest

WSJ

* Alibaba Group Holding Ltd <IPO-BABA.N> moved to address investor concerns ahead of its pending initial public offering by restructuring agreements to gain a bigger share of earnings from financial-services affiliate Alipay. (http://on.wsj.com/1otgBuA)

* The United States is weighing a military mission in Iraq to rescue thousands of Yazidi refugees, a move that risks putting American forces in direct confrontation with Sunni fighters for the Islamic State. (http://on.wsj.com/1uMJdP2)

* Democrats fighting for revenues from oil companies in Alaska are reaching out to an old foe: Sarah Palin. The former GOP governor is a natural ally in a ballot fight to restore a law she signed in 2007 that implemented steep and progressive taxes on the biggest Alaska oil producers. (http://on.wsj.com/1roMOAD)

* A critical part of the plumbing that keeps money flowing through the financial system is experiencing turmoil as new regulations prompt banks to step back from the multitrillion-dollar "repo" market. (http://on.wsj.com/1upIh5Q)

* Syrian government forces have nearly encircled Aleppo, preparing a siege to wrest control of the city from rebels in what would be the biggest blow yet to the three-year uprising.(http://on.wsj.com/1sQdz1Q)

* Portugal's second-biggest bank, Banco Espírito Santo SA , collapsed this month, and Espírito Santo's main holding companies have filed for bankruptcy amid allegations of accounting problems and fraud. Regulators believe Switzerland's Eurofin Holding SA played a key role in financing the failed conglomerate.(http://on.wsj.com/Y2FjH2)


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