Jobs Report Could Seal the Deal on Rates (WSJ) The Jobs Report and the August Curse: Jobs Day Guide (BBG) Migrants hold out on Hungarian 'freedom train'; Orban says millions coming (Reuters) Migrant Crisis Divides Europe (WSJ) German industry orders fall in July on weak foreign demand (Reuters) Alibaba’s Jack Ma, Joe Tsai to Borrow $2 Billion Against Shares (WSJ) U.K. Retailers Post Worst Sales Decline Since Financial Crisis (BBG) Pimco Sees Bernanke-Style Saver Glut Capping 10-Year Yield at 3% (BBG) The Oil-Sands Glut Is About to Get a Lot Bigger (BBG) Private-Equity Firms Plunge Back Into the Oil Patch (WSJ) Inside Israel’s Bid to Derail Iran Pact (WSJ) Thai junta hits royal critics with record jail time (Reuters) Sarao allegedly wanted to ‘spoof’ markets (FT) Traders Ride the ETF Roller Coaster (WSJ) How a Boeing Sales Flop Became the World's Hottest Secondhand Jetliner (BBG) Justice Department tightens cellphone tracking rules (Reuters) Overnight Media Digest WSJ - Friday's jobs report is likely to be scrutinized more than most, now that the U.S. Federal Reserve is poised to raise interest rates, perhaps as early as this month. Economists expect a gain of 220,000 jobs in August. (http://on.wsj.com/1OcBCCP) - A federal judge declared a Kentucky county clerk who opposes same-sex marriage on religious grounds in contempt of court for defying his order to issue marriage licenses, and sent the clerk to jail until she complies. (http://on.wsj.com/1INKHNA) - Israeli Prime Minister Benjamin Netanyahu has undertaken a high-stakes campaign to persuade Congress to scuttle the Iran nuclear agreement, leaving the White House infuriated and many Democrats resentful. (http://on.wsj.com/1XnfX0P) - Highmark Health said it would reduce its range of offerings on the Affordable Care Act marketplaces, becoming the latest insurer to retrench amid steep financial losses. (http://on.wsj.com/1VAAqO2) - Germany and France press the rest of Europe to end squabbling over its exploding numbers of refugees as Hungarian leader says his country doesn't want "a large number of Muslim people." (http://on.wsj.com/1EDvrrd) - Private-equity firms are doubling down on energy, despite heavy damage from their last adventure in the sector. These firms' stakes in a dozen publicly traded energy exploration-and-production companies have lost more than $18 billion in value since last summer, when oil prices began their slide from more than $100 a barrel. (http://on.wsj.com/1L8AEV1) FT Volkswagen AG's finance chief Hans Dieter Poetsch is set to become its next chairman, putting Europe's biggest carmaker on course for calmer waters after rival factions including ousted patriarch Ferdinand Piech united to back him. Novartis AG kicked off a new era in U.S. medicine on Thursday with the launch of the first "biosimilar" copy of a biotechnology drug approved in the United States, at a discount of 15 percent to the original. NYT - Mario Draghi, the president of the European Central Bank, pledged on Thursday to intervene by increasing economic stimulus spending if the turmoil in the global economy continues. But the central bank will not act until it has more information about the effect of a slowdown in emerging markets and other risks, Draghi said at a news conference. (http://nyti.ms/1JRQmr1) - The lawyers for three former executives of Dewey & LeBoeuf must feel confident that prosecutors have failed to prove that the men used accounting gimmicks to defraud lenders and creditors of the once-prominent New York law firm. The defense team plans to formally rest its case on Tuesday without calling a single witness to testify in the criminal trial, which began in late May. (http://nyti.ms/1UqHDD8) - Philip A Falcone, the brash hedge fund titan who once managed $26 billion before stumbling and running afoul of regulators, is pressing ahead on a new comeback effort, his second. His latest investment platform is a publicly traded company with $800 million in assets called HC2 Holdings Inc . (http://nyti.ms/1OflznF) - China's biggest rail manufacturing company is setting its sights on the United States. It broke ground on Thursday for a $60 million plant in Springfield, Massachusetts, that will assemble new cars for Boston's subway system. The state-owned company, the China Railway Rolling Stock Corporation, or CRRC, is the first Chinese rail car manufacturer to win a major transit contract in the United States. (http://nyti.ms/1KNZPjP) - Economic slowdowns in Russia and China have put energy deals between the countries in question, affecting the once-vaunted relationship between the Chinese president, Xi Jinping, and Russia's leader, Vladimir Putin. (http://nyti.ms/1NdTPTu) Hong Kong SOUTH CHINA MORNING POST - Chow Tai Fook Jewellery Group is renegotiating store rents and consolidating its retail network in order to manage rental costs, chairman Henry Cheng said. Amid a downturn in the city's retail landscape, the jeweller also shifted focus to smaller-priced items to attract customers, Cheng added. (bit.ly/1KNvx0A) - Chief Executive Leung Chun-ying said he would seek ways to tackle the recent decline in the number of mainland visitors to the city. The remarks came as he confirmed he had a meeting with Hong Kong and Macau Affairs Office director Wang Guangya on Wednesday, when Wang expressed concern over the issue. (bit.ly/1OeJsfa) THE STANDARD - Kong Sun Holdings, with power stations in Xinjiang, Gansu, Shanxi, Inner Mongolia and Shandong provinces, said it is confident of achieving this year's target of 1.2 gigawatts installed capacity through acquisitions. The firm plans to acquire more than 800 MW installed capacity this year. (bit.ly/1JRrD6b) - Home buyers and investors from Hong Kong and the mainland flocked to Tung Chung small flats project Century Link II, braving warnings of a looming downturn and clinching all 328 units on sale. Sun Hung Kai Properties said it received more than 6,000 cashier's checks for the units, marking an oversubscription of 18 times. (bit.ly/1L8q0h6) HONG KONG ECONOMIC JOURNAL - New World Development Co Ltd will take the initiative to cut rents when it renews leases with tenants of its shopping malls in Hong Kong amid a weak retail market in the city, chairman Henry Cheng said. Britain The Times British Prime Minister David Cameron opens door to thousands more refugees Britain will take in thousands more people fleeing Syria's civil war as David Cameron bows to pressure triggered by images of a three-year-old boy found drowned on a Turkish beach. Downing Street responded to public outrage and calls for Britain to do more to alleviate the human cost of Europe's gravest postwar migration crisis. (http://thetim.es/1UvKuFm) The Guardian Competition watchdog postpones publication of banking inquiry The Competition and Markets Authority has backtracked on its pledge to publish the provisional findings of its investigation into the banking sector this month. The competition watchdog has now set October as the publication date for its highly anticipated findings that could recommend breaking up of the "big four" of Lloyds Banking Group Plc, Royal Bank of Scotland Group Plc, HSBC Holdings Plc and Barclays Plc. (http://bit.ly/1JRjz5j) New Hinkley Point nuclear power station may be further delayed The planned new nuclear power station at Hinkley Point in Somerset faces another setback, with its developer EDF admitting the project may be further delayed. The French energy group said a more advanced sister project at Flamanville in Normandy would not start operating until 2018, at a cost of 10 billion euros ($11.12 billion). It was originally slated to open in 2005 and cost 3 billion euros. (http://bit.ly/1INnQSc) The Telegraph Lloyds sued for unfair dismissal over Libor sacking Lloyds Banking Group is being sued for unfair dismissal by a former employee who was sacked following the Libor-rigging scandal. Andrew Reed, who was responsible for entering Lloyds' yen Libor submissions, will take his case to a London employment tribunal on Sept. 16. (http://bit.ly/1ECXbMJ) Nissan denies scare-mongering over 'Brexit' as it invests 100 mln pounds in Sunderland plant Nissan Motor Co Ltd's European boss has been forced on the defensive over the company's 100 million pound ($152.54 million) investment in its Sunderland plant and whether the UK leaving the EU would affect the company's position. The auto giant revealed it would make a revamped model of its Juke car at the North East plant, and would spend tens of millions to get the production line rolling. (http://bit.ly/1hYXfg9) Sky News HSBC adds UK to name as ring-fencing looms Europe's biggest bank is to rebrand its British branch network as HSBC UK, ending months of speculation that it would revive the Midland name it abandoned 16 years ago. HSBC announced the decision to thousands of UK-based staff on Thursday morning, with an external announcement set to be made later. (http://bit.ly/1UtXFXD)