Wednesday Evening Links

[Bloomberg] Petrobras Lost $2.1 Billion to Graft

[Reuters] Puerto Rico officials warn government shutdown imminent

[Reuters] Greek cash seen lasting into June, no EU deal imminent

[LA Times] U.S. warns of new Russian buildup in Ukraine 

[Reuters] U.S. says Russia adds air defense systems inside Ukraine

[Reuters] Timing of sanctions relief may be deal breaker as Iran talks resume

[NYT] Corruption Scandal Leads to a Big Loss for Petrobras

[Bloomberg] The Irresistible 2% U.S. Yield Whose Downside Appears Forgotten

[Bloomberg] Half of U.S. Fracking Companies Will Be Dead or Sold This Year

[NYT] Trader’s Arrest Raises Concerns About Market Rigging

Wednesday's News Links

[Bloomberg] U.S. Chickens Face Worst Bird Flu in Decades as Humans Seen Safe

[Bloomberg] Greek Banks Said to Win More Emergency Cash as Riga Talks Near

[Bloomberg] Another Sign That the Subprime Auto Market Is Getting Hot

[Bloomberg] China Wall of Exported Developer Junk Debt Falls on Global Funds

[Bloomberg] China Has a Massive Debt Problem

[Reuters] Greek cash seen lasting into June, no EU deal imminent

[Bloomberg] European Stocks Fall With S&P 500 Futures as Oil, Dollar Drop

[Bloomberg] Lira Slides After Turkey Central Bank Keeps Main Rates on Hold

[Bloomberg] EU Fires Gazprom Warning Shot as Putin Moves to Tighten Gas Grip

[Bloomberg] Mystery Trader Armed With Algorithms Rewrites Flash Crash Story

[Bloomberg] PBOC Seen Limiting Credit Risks as First State Firm Defaults

[Bloomberg] China Debt Mess Brings Out the Yin and Yang in Policy Makers

[Reuters] China to promote yuan by relaxing investment scheme rules -sources

[Reuters] China Money-ABS market set to explode as Beijing activates idle assets

[WSJ] Debt Piles Up in Asia, Threatening Growth

[CNN] Saudi Arabia resumes airstrikes in Yemen

[Reuters] Yemen foes fight on despite declared end to Saudi strikes

[Reuters] Asian, African nations challenge 'obsolete' world order

[Reuters] Britain's Tesco counts cost of decline with record loss

[Bloomberg] Oil Companies Are Getting a Second Chance in the Bond Market

[Bloomberg] Big Oil’s Latest Fear: A Price Shock After Spending Cuts

[Bloomberg] Ex-Currency Chief Sees Bank of Japan Exit Nightmare on Debt Pile

[AP] Japan logs 1st trade surplus in nearly 3 years on cheap oil