Wednesday's News Links

[Reuters] Global stocks extend rally, oil edges off 11-year low

[Bloomberg] Three More Chinese Companies Face Difficulty in Bond Repayments

[Reuters] Puerto Rico 'very unlikely' to avoid Jan.1 default - governor

[Bloomberg] Illinois Record Budget Impasse Makes It Worse for the State's Pension Disaster

[Bloomberg] Vietnam's Currency Drops to Limit of Trading Band for First Time

[Bloomberg] The Distressed-Debt Trades That Obliterated Bonus Checks in 2015

[WSJ] Online Lenders Pinched by Market Jitters

[Bloomberg] Man Who Called China's Boom and Bust Now Warns of Crisis Risks

[WSJ] The Trouble With Sovereign-Wealth Funds

[CNBC] Texas hunkers down for another oil bust

[Bloomberg] This Time It's Not Putin: Ukraine Flirts With Political Suicide

Tuesday Evening Links

[Bloomberg] Global Dealmaking Hits All-Time Peak in 2015 at $4.2 Trillion

[Bloomberg] S&P Quits Grading Most CDOs That Investor Said It Underrated

[Bloomberg] Carlyle's Claren Road Suffers Almost $1 Billion in Redemptions

[NYT] How a Record Number of Migrants Made Their Way to Europe