Global stocks eye biggest rally in four years on Fed relief (Reuters) FOMC Minutes Sap Confidence in Fed's 2015 Rate Hike Resolve (BBG) Glencore to cut annual zinc production by a third (FT) Tea Party wave that lifted Republicans threatens to engulf them (Reuters) Why Kevin McCarthy Came to Quit Speaker Race (WSJ) A U.S. Recession Just Got a Little More Likely (BBG) White House Is Weighing a Syria Retreat (BBG) Gentlemen May Prefer Bonds, But More Traders Take Stocks (WSJ) Senior Iranian Revolutionary Guards general killed in Syria: IRGC (Reuters) China’s Heft Gives It Ammunition Against the Trans-Pacific Partnership Trade Deal (WSJ) If You Thought China's Equity Bubble Was Scary, Check Out Bonds (BBG) Debt Markets Hold Key to Dell’s Bold EMC Bid (WSJ) Oil Investors Gain Over $70 Billion in Best Week Since 2008 (BBG) Glencore's Latest Cutbacks Hit Sunscreen, Sparklers and Animal Feed (BBG) France launches new air strike in Syria against IS (Reuters) South Carolina city to pay $6.5 million over police shooting of black man (Reuters) Cash buyers account for four in ten London property transactions (FT) Uber checks connections between hacker and Lyft (Reuters) Standard Chartered Said to Cut About 1,000 Senior Employees (BBG) U.S. Chases Swiss Bank Secrets to Singapore and Israel (BBG) Overnight Media Digest WSJ - House Majority Leader Kevin McCarthy has pulled out of the race for the chamber's speaker role, saying the GOP conference needs a fresh face to be united. The vote, which was planned for Thursday, has been postponed.(http://on.wsj.com/1LBMWvn) - Deutsche Bank's warning that it expects a big third-quarter loss highlights a potentially bumpy financial-reporting season looming for European banks, as a slate of new chief executives address concerns over profitability. (http://on.wsj.com/1jf2mcx) - Sales of Apple Inc's Macintosh computers slowed to the lowest rate in two years, industry research firms reported on Thursday.(http://on.wsj.com/1N2CN8j) - Investigators looking into last year's data breach and theft of drivers' records from Uber Technologies have found indications implicating an executive at rival ride-hailing app Lyft Inc, said people familiar with the matter. (http://on.wsj.com/1Ll12iL) - Netflix is raising prices of its most popular streaming plan in the U.S. by $1 to $9.99 a month for new users. (http://on.wsj.com/1Rx4Puh) - Bond investor Bill Gross gave his first public account of the circumstances that drove him out of the firm he co-founded, saying in a lawsuit his former colleagues aligned against him to advance their own careers and capture some of his hefty bonus. The suit is asking for damages of at least $200 million. (http://on.wsj.com/1L9dv5z) - Dell Inc is pressing ahead with partner Silver Lake on a $50 billion-plus acquisition of data-storage giant EMC Corp, a bold but risky deal that would require massive debt financing at a time when credit markets have become less hospitable to mergers. (http://on.wsj.com/1R1VARP) - Volkswagen's top U.S. executive told lawmakers he didn't know or suspect in 2014 that the German auto maker was using "defeat-device" software to evade emissions tests on diesel-powered cars. (http://on.wsj.com/1jdC8q8) - Commodities trader Glencore Plc, which has faced intense pressure from investors over its debt pile, said it would cut global zinc production by a third after a collapse in prices of the industrial metal. (http://on.wsj.com/1Pkpdzw) - Fiat Chrysler Automobiles NV agreed to boost a top wage rate as it gradually overhauls a controversial factory-worker pay system, handing a victory to the United Auto Workers union that had threatened to strike. (http://on.wsj.com/1R1WduL) FT Apple Inc said its Apple Pay contactless payment system will be available in Starbucks and KFC stores across the United States. It said it had more work to do to convince other merchants to move to the payment system. Pimco founder Bill Gross is suing his former colleagues at the company for at least $200 million, accusing them of ousting him "driven by a lust for power, greed, and a desire to improve their own financial position...at the expense of investors and decency." Volkswagen AG's U.S. chief Michael Horn detailed before an investigations committee how the car company cheated to get around tough new U.S. emissions standards. Subcommittee members of the House committee on energy and commerce said they were surprised at Volkswagen's behaviour, even as Horn tried to contain his own anger over the scandal. Credit Suisse Group AG's Chief Executive Tidjane Thiam is preparing to launch a capital-raising program when he unveils his plans in two weeks to turn around the Swiss bank. NYT - Just days after Fiat Chrysler autoworkers soundly rejected a contract proposal, union negotiators reached a new four-year deal with the company that would give entry-level workers larger raises, effectively providing them a path to equal pay with longtime employees. (http://nyti.ms/1OpfKGo) - Federal and California regulators have begun an investigation into a second computer program in Volkswagen's diesel cars that also affects the operation of the cars' emission controls. (http://nyti.ms/1Opg8EM) - The man known as the bond king, William Gross, is suing Pimco, the company that he built into one of the largest asset managers in the world, in an effort to repair the damage that was done to his reputation in the year before and after he was fired from Pimco. (http://nyti.ms/1ZjayZP) - Governor Jerry Brown of California signed legislation on Thursday that bans plastic microbeads, giving his state one of the country's strongest laws against the tiny abrasives used in exfoliators and other products. (http://nyti.ms/1Mhyfb6) - Jack Dorsey, Twitter Inc's co-founder and newly reappointed chief executive, addressed marketers for the first time at an event in New York on Thursday to show off the company's array of video advertising products - and only vaguely alluded to what Twitter could mean for them. (http://nyti.ms/1JW0JW5) Canada THE GLOBE AND MAIL ** Sears Canada has come down to the wire in finding a new partner to operate its lucrative credit card operations. The retailer has been looking for a new financial services partner since last year when JPMorgan Chase said it wouldn't renew its 10-year agreement, which expires on Nov. 15. (http://bit.ly/1R29J1i) ** Bombardier Inc is hunting for financial and strategic partners to help fund its plane programs, but its founding family opposes any effort to diminish their control of the company, a well-placed source said. (http://bit.ly/1R29V0H) ** The Liberals have caught up to the New Democratic Party in Quebec as voters in the province increasingly see Justin Trudeau's team as the party most likely to defeat the Conservatives, according to the latest Leger poll. (http://bit.ly/1R2aJ5v) NATIONAL POST ** Canadian Oil Sands' response to Suncor Energy's $4.3 billion hostile bid comes at an awkward time for the country's securities regulators, who are proposing new takeover rules that mirror Canadian Oil Sands' new shareholder rights plan designed to fend off the takeover. (http://bit.ly/1R2aLdN) ** Bruce Flatt, the chief executive of Brookfield Asset Management, says regulations make it tough for companies to give investors all the information he feels they should have to make investment decisions. (http://bit.ly/1R2bsDP) ** With Justin Trudeau and Stephen Harper neck and neck entering the home stretch, one question now imposes itself: What kind of government is Canada likely to get if Trudeau becomes prime minister, assuming the Grits were to wind up in a position to implement most or all of their pledges?. (http://bit.ly/1R2byLF) China SHANGHAI SECURITIES NEWS - Around 60 percent of the Chinese companies listed on the Shanghai and Shenzhen bourses predict they will turn a profit in the third quarter, according to the filings of more than 1,000 firms. CHINA SECURITIES JOURNAL - Shanghai's Free Trade Zone (FTZ) has attracted 1,959 foreign-invested enterprises in the first eight months of the year, a Ministry of Commerce official said on Thursday. CHINA DAILY - The Chinese winner of the 2015 Nobel Prize for medicine, Tu Youyou, said on Thursday the malaria drug she discovered, artemisinin, had its roots in traditional Chinese medicine (TCM). TCM, which dates back thousands of years, has a fast-growing market in China. SHANGHAI DAILY - China Eastern Airlines Corp Ltd is ramping up recruitment of high school students to meet a severe shortage of pilots, a senior company official told the newspaper. Industry insiders say shortage of pilots is a potential obstacle to the expansion of the country's aviation industry. Britain The Times - The Bank of England kept interest rates on hold at the record low of 0.5 percent once again, with Ian McCafferty remaining the only member to vote for an increase. (http://thetim.es/1LpJU6Y) - Government hopes of strong demand for Lloyds Banking Group Plc's shares have risen after an intermediary said that it had received more than 120,000 expressions of interest in the three days since the proposed sale was announced. (http://thetim.es/1PkffOF) The Guardian - The Bank of England has told major banks to check the impact of falling commodity prices on their lending positions. The demand for information by the Bank of England has emerged at a time when banking analysts have been questioning the exposure of banks to the fallout in the commodity sector. (http://bit.ly/1jRTbPk) The Telegraph - Bill Gross is suing Pacific Investment Management Co, claiming he was forced out of the asset manager he founded and built into one of the largest in the world. The 71-year-old investment veteran says he is owed "hundreds of millions" for wrongful termination, breach of written contract and breach of covenant of good faith and fair dealing, according to a court filing. (http://bit.ly/1G0VSI8) - The head of the International Monetary Fund has given a ringing endorsement to George Osborne's plans to beef up Britain's infrastructure, describing it as a "win-win" option to boost growth. IMF chief Christine Lagarde said targeted investment in infrastructure would create jobs in the short term and lift future growth prospects. (http://bit.ly/1htgT2A) Sky News - Sky News has learnt that Metro Bank has appointed Bank of America Corp's Merrill Lynch, Goldman Sachs Group Inc and Royal Bank of Canada to work on its initial public offering, which could take place as soon as the first quarter of next year. (http://bit.ly/1WPNxLU) The Independent - Virgin Trains has reacted angrily to being named as the operator with the highest rate of complaints for the 11th quarter in a row. A spokeswoman for the firm said the score was high because Virgin Trains makes it easier than any other train company to provide feedback. (http://ind.pn/1R1MgNH) - Lidl has said it will include staff in Northern Ireland when it switches over to pay the living wage, reversing an earlier decision of introducing living wage for the United Kingdom staff excluding Northern Ireland. (http://ind.pn/1ZfAaXg)