Wednesday Evening Links

[Reuters] U.S.' Kerry to take tough approach in China over South China Sea

[Bloomberg] Euro-Area Bonds Extend Selloff as Debt Supply Saturates Market

[Bloomberg] Gold Rises to Five-Week High With Silver as Retail Sales Sputter

[Bloomberg] Real Leads Global Declines as Brazil Posts Outflow in Early May

[Bloomberg] Government Pressure on Greek Central Bank Said to Rile ECB

[Bloomberg] There’s a Tourist Problem in $7.8 Trillion of U.S. Company Bonds

[Bloomberg] HSBC: Central Banks Are Running Low on Ammunition

[Bloomberg] Five Reasons Chicago Is in Worse Shape Than Detroit

[CNBC] California landowners resist efforts to monitor groundwater

[Bloomberg] A $750 Billion Gap in India’s Push for Top Infrastructure

[NYT] Finland, Once a Eurozone Point of Pride, Is Now Faltering

Wednesday's News Links

[Bloomberg] U.S. Retail Sales Disappoint Again

[Bloomberg] The Middle Class Has a Debt Problem

[Bloomberg] European Stocks Rebound Amid GDP Data as SABMiller, Vivendi Gain

[Bloomberg] Greece’s Creditors Said to Seek EU3 Billion in Budget Cuts

[Bloomberg] Greece Returns to Recession as Bailout Impasse Drains Economy

[Bloomberg] Chicago Faces $2.2 Billion Bank Payout After Rating Cut to Junk

[Bloomberg] Foreign Money Is Pouring Into U.S. Real Estate, and It's Not Just Houses

[Bloomberg] Market Moves That Are Supposed to Happen Every Half-Decade Keep Happening

[Bloomberg] Bond Futures Trading Surges as Investors Search for Liquidity

[Bloomberg] ETF Assets Set to Overtake Hedge Funds This Year

[WSJ] With Manhattan Luxury Property Hitting Highs, Some Fear Air Is Getting Thin

[WSJ] Fed Officials Tell Markets the Training Wheels Are Off

[CNBC] US shale has 'blinked' in battle against OPEC: IEA

[Bloomberg] China’s New Credit Growth Misses Economists’ Estimates in April

[Bloomberg] China’s April Economic Reports Signal PBOC Has More Work Ahead

[Bloomberg] China Home Sales Rise as Property Market Stabilizes Amid Easing

[Dow Jones] China Stimulus Aims at Restructuring Trillions in Local-Government Debt

[Reuters] French economy gathers steam, German growth slows

[Reuters] Oil glut worsens as OPEC market-share battle just beginning - IEA

[Dow Jones] China Slams U.S. Over South China Sea Plan

[AP] Iran warns Saudi, US against hindering Yemen aid ship