Global Stock Markets Edge Higher Though Global Growth Concerns Weigh (WSJ) Nikkei up 1.9% because Japan export growth slows sharply, raising fears of recession (Reuters) Saudis Risk Draining Financial Assets in 5 Years, IMF Says (BBG) Syria's Assad flies to Moscow to thank Russia's Putin for air strikes (Reuters) US Prosecutor Preet Bharara Probing Daily Fantasy-Sports Business (WSJ) Syrian army denies Russian ground forces fighting in Syria (Reuters) OPEC Is About to Crush the U.S. Oil Boom (BBG) J.P. Morgan Near Deal to Sell Majority of Highbridge Private Equity Business (WSJ) Paul Ryan's Demands for House Speaker Race Meet Early Resistance (BBG) Credit Suisse Drops as Investors Question Strategy's Targets (BBG) Uber CEO Travis Kalanick: 30% of Our Trips Take Place in China (WSJ) The 401(k) Crisis Is Getting Worse (BBG) Brazil Impeachment Papers About to Drop as Crisis Hits New Stage (BBG) U.S., Russia Reach Agreement on Syrian Flights (WSJ) Iran top leader Khamenei approves nuclear deal: official website (Reuters) Semiconductor Firm Lam Research to Buy KLA-Tencor (WSJ) Biden offers new account of his advice to Obama on bin Laden raid (Reuters) Overnight Media Digest WSJ - JPMorgan Chase & Co is close to relinquishing control of a $22 billion private equity business, turning loose part of a firm it acquired before the financial crisis and helped quadruple in size. (http://on.wsj.com/1QQKLSU) - Yum Brands, once one of the biggest success stories among foreign companies in China, plans to split off its China business after years of unsuccessful efforts to get it back on track. (http://on.wsj.com/1GnCnd3) - Ferrari NV priced the shares in its IPO at the top end of a previously announced range, valuing the luxury car maker at $9.8 billion, according to a person familiar with the matter. (http://on.wsj.com/1jzPJcb) - U.S. and Russian officials have signed an agreement that American officials said was meant to mitigate chances of mid-air incidents in the skies over Syria. (http://on.wsj.com/1PyUakw) - Comcast Corp is seeking to harness viewing data from set-top boxes and streaming apps used by its millions of cable-TV subscribers to create products it can license to other companies, according to people familiar with its plans. (http://on.wsj.com/1MBqmxm) - The New York federal prosecutor who shut down the U.S. online poker industry four years ago has now set his sights on the daily fantasy-sports business, according to people familiar with the matter. U.S. Attorney Preet Bharara's office in the Southern District of New York is investigating whether the business model behind daily fantasy-sports firms like DraftKings Inc and FanDuel Inc violates federal law, some of the people said. (http://on.wsj.com/1MD5m9r) FT Ferrari NV priced its initial public offering at the top of expectations on Tuesday, raising $893 million, as drivers enamoured with the luxury sports car maker snapped up its shares alongside institutional investors, defying a choppy market. The IPO priced at $52 per share values the company around $9.8 billion. EU antitrust regulators have no objections to FedEx Corp's 4.4 billion euro ($4.99 billion) acquisition of Dutch peer TNT Express NV, the companies said on Tuesday. France's Credit Agricole SA has agreed to pay $787 million for moving hundreds of millions of dollars through the U.S. financial system in violation of sanctions against Iran, Sudan, and other countries, U.S. authorities said on Tuesday. NYT - Luxury carmaker Ferrari NV priced its initial public offering on Tuesday at $52 a share, the top end of an expected price range, raising more than $894 million for its corporate parent, Fiat Chrysler Automobiles NV. (http://nyti.ms/1MSShgV) - Yum Brands Inc, the restaurant company that owns KFC, Pizza Hut and Taco Bell, said on Tuesday that it intended to split off its Chinese operations into a separate company.(http://nyti.ms/1hRQXxD) - JPMorgan Chase & Co is close to completing a deal to spin off a large private equity unit that has operated within the bank, a person briefed on the deal said on Tuesday. The deal would push Highbridge Capital Management's $22 billion private equity portfolio outside JPMorgan, though the bank would keep a minority stake, the person said. (http://nyti.ms/1Ln4FTW) - Credit Agricole SA, the big French bank suspected of transferring billions of dollars on behalf of Iran and other countries, has agreed to pay $787 million to resolve an array of investigations, state and federal authorities announced on Tuesday. (http://nyti.ms/1LCGuPh) - Genetic testing company 23andMe is announcing on Wednesday that it will begin providing customers with health information again, though much less than before and with FDA approval. The company became a Silicon Valley sensation by providing consumers with health and ancestry information based on a sample of their saliva, but suffered a setback when the FDA told it to stop presenting health data in 2013. (http://nyti.ms/1RmVzrY) Canada THE GLOBE AND MAIL ** Canada's oil producers are facing new risks with the stunning election victory of Justin Trudeau, who campaigned on promises of tougher environmental rules and greater ambition in the fight against climate change. (http://bit.ly/1GhOWHa) ** A new report alleges that made-in-Canada software is being used to cut Yemen's citizens off from learning about the civil war surrounding them. Netsweeper Inc, a Waterloo, Ontario based company, is said to have provided Yemen with Web-filtering technology that changed hands after rebel forces seized more territory. (http://bit.ly/1QS9K8k) ** Justin Trudeau was still celebrating when the White House raised its first qualms about his agenda: Washington wants Canada to stick with the mission fighting Islamic State in Iraq and Syria. (http://bit.ly/1jzZU0w) NATIONAL POST ** Justin Trudeau's majority win in Monday's election paves the way for Canada to legalize recreational marijuana, a move that would transform the country's nascent pot industry overnight. (http://bit.ly/1W50MLC) ** The newly elected Liberal party does not currently have the legal means to reverse the federal approval of Enbridge Inc's $7 billion Northern Gateway pipeline, says a lawyer involved in a court challenge of the project. (http://bit.ly/1M6Q8sX) ** Sammy Yatim was 18 when on a warm summer's night in Toronto in 2013, he was shot to death on a downtown streetcar. As prosecutor Milan Rupic told Ontario Superior Court Judge Ed Then and a jury on Tuesday, the teenager was "alone inside a stopped streetcar," with five Toronto Police officers standing just outside, three with guns drawn. (http://bit.ly/1QSbq1G) China CHINA SECURITIES JOURNAL - China's coal industry is in a very difficult situation, with increasing competition in the global coal market, said the vice president of the National Energy Administration at a recent coal industry conference held in Neimenggu province. SECURITIES TIMES - U.S. enterprises' contracted investment in China stood at $5.83 billion in the first three quarters of the year, up 50 percent from the same period in 2014, a Ministry of Finance spokesperson said at a press conference on Tuesday. 21ST CENTURY BUSINESS HERALD - Municipal bonds issued this year touched 2.63 trillion yuan by Oct. 20, according to 21st Century Business Herald calculations. Of this, 475.58 billion yuan was new debt while the remainder was part of the local government debt swap authorized by the Ministry of Finance, the paper's calculations show. CHINA DAILY - China and the United Kingdom will sign a number of economic and trade deals covering finance, energy, healthcare, automobiles and real estate during President Xi Jinping's visit to the U.K., a Chinese Commerce Ministry spokesperson said on Tuesday. The size and value of these deals will be the largest ever during a Chinese leader's state visit to the country, the spokesperson said without citing specifics. Britain The Times - British steelmakers and other big manufacturers are being forced to pay twice as much for their electricity as competitors in Germany, increasing the burden on the industry as it struggles to compete against overseas rivals. (http://thetim.es/1LJoOVG) - David Cameron will come under pressure to prevent further steel plant closures as MPs claim that taxpayers face clean-up costs of billions of pounds. Insolvency experts warned last night of "significant distress" across the industry as Tata Steel confirmed that it will lay off 1,200 workers in Lincolnshire and Scotland. (http://thetim.es/1LJoXbV) The Guardian - GlaxoSmithKline PLC and five other major drugmakers have teamed up with the United Kingdom government to launch the world's first venture capital fund dedicated to finding new ways to prevent and treat dementia. The Department of Health, the charity Alzheimer's Research United Kingdom and the six pharmaceutical firms have raised $100 million to invest in early-stage, novel treatments for Alzheimer's, Parkinson's disease and other forms of dementia. (http://bit.ly/1jzuRlw) - Barclays PLC appears to be considering ways to defy the strict separation of its high street operations from its investment bank, in a move likely to inflame the debate over whether rules designed to prevent a second banking crisis are being watered down. (http://bit.ly/1jza29E) The Telegraph - Greece's international creditors arrived in Athens today for the first time in two months to decide on whether to release the latest tranche of bail-out cash to the struggling economy. Representatives of the "Quartet" will carry out their latest assessment of the government's progress on implementing reforms needed to unlock the rescue money. (http://bit.ly/1OQLrZb) - Ferrari has priced its initial public offering at the top of expectations, raising $893 million and valuing the Italian car maker at $10 billion. The IPO was priced in New York on Tuesday night at $52 per share, the top end of its indicated $48 to $52 per share range. (http://bit.ly/1LJqeQ0) Sky News - A group of heavyweight City executives is preparing to launch the world's first securities exchange dedicated to trading stakes in companies which own single commercial property assets. A venture called London Real Estate Exchange Limited has been working on detailed plans for months to allow the owners of individual properties to float their holdings in the same way as exchanges devoted to equity and debt securities. (http://bit.ly/1M5Ziw7) - The bosses of some of Britain's biggest businesses, including GlaxoSmithKline PLC, HSBC Holdings PLC and WPP Group, are to join a panel being set up to boost bilateral trade between the United Kingdom and China. The China-Britain Business Council will, on Wednesday, appoint approximately 15 chairs and chief executives of FTSE-100 companies, and a similar number of senior figures from professional services firms to serve on a new advisory council. (http://bit.ly/1OQ8ymJ)