Monday Evening Links

[AP] Fitch Lowers Japan’s Ratings Over Huge Public Debt

[Bloomberg] Ibovespa Declines as Petrobras Slumps After Morgan Stanley Call

[Reuters] Greek-Russia ties bloom as default looms

[AFP] Ukraine seeks EU help as shelling blazes in east

[Reuters] Saudis pound arms depots in Yemen as bread, medicine run short

[Bloomberg] Junk Bond Market’s Membership Privileges Are Worth a Fortune Now

[Bloomberg] Treasury ETFs Inflows Outpacing All Other Bond Funds This Month

[Bloomberg] Four Big Global Issues Putting Pressure on Silicon Valley

[Bloomberg] Petrobras Fallout Pushes Even Untainted Borrowers Toward Default

Monday's News Links

[Bloomberg] Emerging Stocks Rise to Seven-Month High as Chinese Shares Surge

[Reuters] World shares hit new high but Europe rally fades on Greece

[Reuters] Greek government reshuffles EU/IMF negotiating team after Riga debacle

[Bloomberg] China Local Government Debt Surge Boosts Focus on PBOC Help

[Bloomberg, El-Erian] 3 Tough Choices for ECB on Greece

[Bloomberg] Greeks Add Pressure on Tsipras to Compromise as Talks Resume

[Reuters] Fitch downgrades Japan by one notch, joins Moody's in warning on fiscal policy

[Bloomberg] Abe Adviser Fears BOJ Has Den of Conspirators Opposing Reflation

[LA Times] Japan's Shinzo Abe visits U.S. to discuss new threat: China

[CNBC] The S&P 500 has a serious revenue problem

[Bloomberg] Even Ireland’s Weakest Bank Can Raise Money in This Bond Market

[Reuters] Germany attracted record foreign investment in 2014 - study

[Bloomberg] Glorious Bonds Mixed After Coupon Paid as Moody’s Flags Concerns

[WSJ] PBOC’s Currency Move: Sign of Larger Struggle in Yuan

[Reuters] Like shale oil, solar power is shaking up global energy

[BBC] EU-Ukraine summit to deepen ties as shelling worsens

[AFP] First Saudi National Guards reach Yemen border zone

[NYT] Head of Iran's Guard Lashes Out Over Saudi 'Treachery'

[Reuters] U.S., Japan to unveil new defense guidelines amid China's rise

[Bloomberg] War Haunts Russia’s Southern Fringe, Threatening Pipelines