by Trump wins Electoral College vote; a few electors break ranks (Reuters) European Stocks Head for a One-Year High (BBG) Japan's Central Bank Keeps Policy Unchanged, Upgrades Economic Outlook (BBG) Russia and Turkey vow to keep detente on track after murder (FT) The Political Implications of Events in Ankara and Berlin (BBG) Trump condemns Berlin attack, says things 'only getting worse' (Reuters) Merkel: "No Doubt Berlin Crash Was a Terror Attack" (BBG) Gunman in Zurich mosque shooting is dead (Reuters) China Throws Out South China Sea Rule Book (WSJ) The U.S. Government Is Collecting Student Loans It Promised to Forgive (BBG) Air Force: Cost Overruns on F-35, Decried by Donald Trump, Are ‘in the Past (WSJ) Euronext in talks to buy French clearing business from LSE (FT) Scotland Threatens to Leave U.K. If Forced Out of Single Market (BBG) EU accuses Facebook of giving misleading information during WhatsApp takeover (Reuters) Obama Said to Use 1953 Law to Block Drilling in Arctic, Atlantic (BBG) 2016’s biggest one-day market wobbles (FT) Cyrus Mistry Resigns From Five Tata Company Boards (WSJ) The Tesla Advantage: 1.3 Billion Miles of Data (BBG) Japan's top court deals blow to opponents of U.S. base on Okinawa (Reuters) Uber's Loss Exceeds 0 Million in Third Quarter on .
Topics:
Tyler Durden considers the following as important: Air Force, Apple, Bank of Japan, BBG, Bitly, Business, China, Christine Lagarde, Detroit, Donald Trump, economy, Electoral College, European Commission, European Union, Federal Reserve, French people, General Motors, Germany, Glencore, http, International Monetary Fund, Ireland, Italian government, Northwest Africa, Paris court, Post Office, Qatar Investment Authority, Reuters, SoftBank Group, South China, Student Loans, Tata, Turkey, United Nations, University of Baltimore, US Air Force, US Federal Reserve, Volkswagen, Zurich
This could be interesting, too:
Marc Chandler writes US Dollar is Offered and China’s Politburo Promises more Monetary and Fiscal Support
Marc Chandler writes Busy Wednesday: French Confidence Vote, Fed’s Powell Speaks, ADP Jobs Estimate, and Beige Book
Marc Chandler writes US-China Exchange Export Restrictions, Yuan is Sold to New Lows for the Year, while the Greenback Extends Waller’s Inspired Losses
Marc Chandler writes French Government on Precipice, Presses Euro Lower
- Trump wins Electoral College vote; a few electors break ranks (Reuters)
- European Stocks Head for a One-Year High (BBG)
- Japan's Central Bank Keeps Policy Unchanged, Upgrades Economic Outlook (BBG)
- Russia and Turkey vow to keep detente on track after murder (FT)
- The Political Implications of Events in Ankara and Berlin (BBG)
- Trump condemns Berlin attack, says things 'only getting worse' (Reuters)
- Merkel: "No Doubt Berlin Crash Was a Terror Attack" (BBG)
- Gunman in Zurich mosque shooting is dead (Reuters)
- China Throws Out South China Sea Rule Book (WSJ)
- The U.S. Government Is Collecting Student Loans It Promised to Forgive (BBG)
- Air Force: Cost Overruns on F-35, Decried by Donald Trump, Are ‘in the Past (WSJ)
- Euronext in talks to buy French clearing business from LSE (FT)
- Scotland Threatens to Leave U.K. If Forced Out of Single Market (BBG)
- EU accuses Facebook of giving misleading information during WhatsApp takeover (Reuters)
- Obama Said to Use 1953 Law to Block Drilling in Arctic, Atlantic (BBG)
- 2016’s biggest one-day market wobbles (FT)
- Cyrus Mistry Resigns From Five Tata Company Boards (WSJ)
- The Tesla Advantage: 1.3 Billion Miles of Data (BBG)
- Japan's top court deals blow to opponents of U.S. base on Okinawa (Reuters)
- Uber's Loss Exceeds $800 Million in Third Quarter on $1.7 Billion in Net Revenue (BBG)
- China's Bright Food hires Goldman to sell UK firm Weetabix (Reuters)
- China’s ‘airpocalypse’ hits half a billion people (FT)
- Retailers to drop on-call scheduling amid state probes (Reuters)
Overnight Media Digest
WSJ
- The U.S. Air Force general in charge of the F-35 fighter-jet program disputed President-elect Donald Trump's contention that costs are out of control, saying the days of price and schedule overruns in the development of the new plane largely ended in 2011. http://on.wsj.com/2hP50IV
- Apple Inc on Monday fought back against the European Union's decision that 13 billion euros ($13.51 billion)in tax breaks the company received from Ireland were illegal, as the feuding sides dug in for a protracted legal battle. http://on.wsj.com/2hP4PND
- Cyrus Mistry, the ousted head of the Tata Group, resigned from the boards of five of the group's biggest companies, retreating from his earlier plans to let shareholders decide his fate. http://on.wsj.com/2hP9oYt
- General Motors Co said it would lay off nearly 1,300 workers at an assembly plant in Detroit beginning in March and temporarily cut production at several other factories next month, the latest auto maker adjusting to softening demand after a seven-year growth spurt. http://on.wsj.com/2hP54bv
- Japan's SoftBank Group Corp is pumping $1 billion into OneWeb Ltd, which aims to use hundreds of satellites to provide internet access in rural areas and developing countries, in a fundraising round that values the startup at roughly $2.5 billion. http://on.wsj.com/2hP9wqV
- Uber Technologies Inc continued to grow sales but also continued to lose money in the third quarter, according to people familiar with its results, which could cool for now any chances for its hotly-anticipated initial public offering. http://on.wsj.com/2hOXygC
FT
- Italian government asked the parliament to authorise the release of 20 billion euros ($20.79 billion) to prop up the country's most fragile lenders, as it prepaares to possibly rescue Monte dei Paschi di Siena.
- IMF chief Christine Lagarde was found guilty of negligence in public office by a special Paris court. However, the former French finance minister won the support of her board, clearing the way for her to continue on at the head of the IMF.
- Making Canada the second most expensive country after the United States for the Volkswagen's global diesel scandal, Volkswagen Canada has agreed to pay up to C$2.1 billion ($1.57 billion) to buy back or fix more than 100,000 cars equipped with test-cheating software.
- Italy's second-largest bank by assets, Intesa Sanpaolo , said its "potential involvement" in financing the purchase of a 19 percent stake in Rosneft by a consortium including the Qatar Investment Authority and Glencore SA, "is still under evaluation".
NYT
- Japanese conglomerate SoftBank Group Corp, which led a $1.2 billion investment in OneWeb, a maker of satellites for internet access, said it was continuing to invest in new technology and supporting job creation in the United States. http://nyti.ms/2hOSzMY
- U.S. federal agency National Transportation Safety Board asked technology companies to add the locations of grade crossings into digital maps and to provide alerts for drivers. http://nyti.ms/2hOUZLw
- International Monetary Fund chief Christine Lagarde was found guilty on charges of misusing public funds during her time as France's finance minister. http://nyti.ms/2hP1U7G
- A founder of the hedge fund, Platinum Partners, and six others were charged in what federal prosecutors said was a scheme that over-valued the assets and misrepresented their performance. http://nyti.ms/2hP3WVj
- Federal Reserve Chair Janet Yellen's speech at the University of Baltimore underscored the central bank's satisfaction with an economic expansion that is in its eighth year. http://nyti.ms/2hP2LW4
Britain
The Times
- Strike-hit railway commuters will be offered replacement bus services as part of a new effort by Theresa May to get to grips with the crisis.
- Apple is set for a fight with the European Commission over a ruling that it must pay the Republic of Ireland more than 13 billion ($13.51 billion) in tax. http://bit.ly/2hSIoEi
The Guardian
- Christine Lagarde has been found guilty of negligence in approving a massive payout of taxpayers' money to controversial French businessman Bernard Tapie but avoided a jail sentence. http://bit.ly/2hSSeGh
The Telegraph
- BP has agreed its second huge deal in days with the energy giant revealing a near $1bn investment in gas fields off Northwest Africa. http://bit.ly/2hSZuC0
- Germany was the victim of a suspected terrorist attack last night after a lorry ploughed into a busy Christmas market in Berlin. http://bit.ly/2hObU0Y
Sky News
- The Radio Times, Britain's best-known television listings magazine, will be sold this week to one of Germany's biggest media groups in a £260 million ($321.88 million) deal. http://bit.ly/2hT0ohP
- Striking railworkers, post office employees and airline staff are showing "shared contempt" for "ordinary people", Downing Street has said. http://bit.ly/2hObUhC
The Independent
- Michael Fallon has confirmed British-made cluster bombs have been used by Saudi Arabian forces in the current Yemen conflict. http://ind.pn/2hObEza
- Theresa May dropped the clearest hint yet that Britain will still pay into the EU budget after Brexit - despite being told it would be "betraying" voters. http://ind.pn/2hSZJNA