Tuesday, December 29, 2015

Wednesday's News Links

[Bloomberg] Puerto Rico to Default on $37 Million Bond Payments Due Jan. 1

[Bloomberg] Brazil Real Plunges as Minimum-Wage Hike Worsens Fiscal Outlook

[Bloomberg] Stocks Drop With Commodity Currencies as Offshore Yuan Weakens

[Reuters] Oil rebound fizzles, sending global shares lower

[Bloomberg] Oil Investors Suffer Record Second Year of Misery

[Bloomberg] Offshore Yuan Declines to Five-Year Low as China Loosens Grip

[Bloomberg] Ruble Caps Third Annual Slump as Oil Seen Stoking Losses in 2016

[Bloomberg] China Market Meddling Widens Rift in Onshore-Offshore Prices

[Reuters] China central bank temporarily suspends some FX business of several foreign banks: sources

[Reuters] China eyes fiscal splurge to cushion reforms, slowing growth

[Bloomberg] Emerging-Market Sentiment Turns More Bearish on Oil, Fed's Path

[Reuters] Puerto Rico faces key test as January 1 deadline on debt payments looms

[Bloomberg] World's Worst Carry Trade Found in Brazil as 2016 Outlook Dims

[Bloomberg] Noble Group Shares Tumble After Moody's Cuts Rating to Junk

[NYT] Puerto Rico Debt Crisis Closes In on Jan. 1 Deadline

[Bloomberg] Landlords Face Slowing Price Gains After U.S. Records Shattered

[Bloomberg] These Charts Show the Astounding Rise in Passive Management

[CNBC/FT] Warren Buffett faces worst year on stock market since 2009

[CNBC] Massive Methane Leak Displaces Thousands in Southern California

[Reuters] Iraqi FM says could use military option against Turkey if forced

Tuesday's News Links

[Bloomberg] Marc Faber Takes on Yellen With Recession Call, Likes Treasuries

[NYT] Hedge Funds Struggle With Steep Losses and High Expectations

[Bloomberg] Oil-Producing States Battered as Tax-Gushing Wells Are Shut Down

[MarketWatch] Double-digit home price gains continue in some cities, S&P/Case-Shiller says

[Bloomberg] Putin's Bailout Bank Needs a Rescue; It's an $18 Billion Whopper

[Washington Post] China’s Xi tells grumbling party cadres: ‘Don’t talk back’