Friday's News Links

[WSJ] SNB Reports Huge Loss as Strength of Swiss Franc Erodes Value of Euro Reserves

[Bloomberg] Quarterly Increase in U.S. Worker Pay Smallest on Record

[Bloomberg] China Regulator Says Steps to Stabilize Stock Market Temporary

[Bloomberg] Emerging Market Central Bankers Are Getting Nervous About Their Plunging Currencies

[Reuters] Russian central bank cuts key rate by 50 basis points, warns on cooling economy

[Reuters] Puerto Rico nears default as debt restructuring beckons

[Reuters] Exclusive: China watchdog extends pursuit of short sellers to HK, Singapore - sources

[Reuters] Greek PM defends controversial 'Plan B' for euro zone exit

[Bloomberg] Tsipras Survives for Now as Party Rebels Blast Greece Rescue

[Bloomberg] Exxon, Chevron Bracing for Dark Times Ahead as Oil Slump Lingers

[Bloomberg] China’s Stocks Extend Slump in Worst Monthly Decline Since 2009

[Reuters] China says needs to ensure economic risks don't turn into social risks

[NYT] Bailout Money Goes to Greece, Only to Flow Out Again

[Reuters] Japan Spending Slump Heightens Chance of Second-Quarter Contraction

[NYT, Morgenson] Pulling Down Underwater Borrowers

[CNBC] No, there is no liquidity problem in bonds: Paul Volcker

[Bloomberg] Obama Warns Support on Iran Deal ’Getting Squishy’ Amid Pressure

Thursday Evening Links

[Bloomberg] Uncowed Treasury Buyers Can't Get Enough Even as Fed Hike Looms

[Bloomberg] Stocks Turmoil Leaves Chinese Investors in Nowhere-to-Run Bind

[Reuters] Hedge fund Elliott eyes fresh market turbulence

[FT] Corporate giants sound profits alarm over China slowdown

[Bloomberg] Brooklyn Home Sellers Name Prices and Get More

[Bloomberg] Venezuela Seizes Nestle, Polar Warehouse to Build Housing