Thursday's News Links

[Bloomberg] GDP Rises 2.3% in Second Quarter; First Quarter Revised Upward

[Bloomberg] Emerging Stocks Fall as Currencies Weaken to Record Low on Fed

[Bloomberg] Mexican Peso’s Plunge Accelerates, and Central Bank Intervenes

[Bloomberg] Oil Market Embraces Lower-for-Longer Price View as Futures Sink

[Bloomberg] China Stocks Fall as Traders Puzzle Over Sudden Late-Day Swings

[Bloomberg] The Amount of ETF Shares Being Traded Has Eclipsed U.S. GDP

[Bloomberg] Puerto Rico Risking Point of No Return With Debt Payment Default

[WSJ, Hilsenrath] Fed Preps Careful Path for Rate Hike

[WSJ] Banks Pitch Swaps as Alternative to Buying Stock

[Reuters] China vows more targeted policy steps to lift economy

[Bloomberg] Merkel Lawmakers Want Investors to Bear Brunt of State Defaults

[FT] China markets regulator warns media on ‘market disturbance’

[Bloomberg] China Stocks Fluctuate as Volumes Sink, Traders Cut Margin Bets

[NYT, Appelbaum] September Is Looking Likelier for Fed’s First Rate Increase

[Reuters] NYC property market still hot even as private equity exits

[Reuters] BOJ's Ishida Warns of Stimulus Costs, Future Imbalances

[Reuters] China says U.S. 'militarizing' South China Sea

Wednesday Evening Links

[Dow Jones] Brazil Raises Benchmark Rate to 14.25% From 13.75% -- Update

[Bloomberg] Asian Stocks Extend U.S. Bounce as Fed Fuels Dollar; Oil Climbs

[Bloomberg] Global M&A Set for Record in 2015 as Companies Pursue Mega Deals

[NYT] Nonpayment on Bonds Would Have Consequences for Puerto Rico