Wednesday Evening Links

[Bloomberg] Europe Rebuffs Greek Overture as Poll Shows Voters Leaning ‘Yes’

[Bloomberg] Puerto Rico Utility Staves Off Default as Debt Crisis Escalates

[WSJ] Moody’s Further Downgrades Puerto Rico’s Bonds

[Bloomberg] Merkel-Tsipras Sparring Leaves Greece in Limbo Until Sunday Vote

[NYT] A Bankrupt Greece Is Struggling to Stay Afloat

[NYT] Tsipras Budges on Greece’s Debt, but Meets a Cool Response

[USAT] Calif. attacks send warning that Internet lines are 'basically unsecured'

[Bloomberg] Water Shortages Unite Iraq, Islamic State Against Turkey

Wednesday's News Links

[Bloomberg] Dijsselbloem Says No Grounds for More Talks Ahead of Greek Vote

[Reuters] Greece's Tsipras digs in against bailout

[Bloomberg] ECB Founder Issing Says Idea of Irreversible Euro Was ‘Illusion’

[Reuters] Greece offers conditional okay to bailout, Germany skeptical

[FT] Alexis Tsipras backs down on many Greece bailout demands

[Bloomberg] Greece Compromise Bid Faces Resistance as Trust Fades

[Bloomberg] China Stocks Fall: Shanghai Composite Index Drops 5.2%

[Reuters] Market falls threaten to expose cracks in corporate China

[Bloomberg] Some Chinese Are Taking 22% Margin Loans to Finance Stock Purchases

[Bloomberg] Merkel Says Germany Is Open to Greek Aid Though Not at Any Price

[Bloomberg] The Greek Referendum Outcomes Explained in One Chart

[Bloomberg] BOE Sees Acute Greek Risks, Finance Stability Threatened

[Bloomberg] Greek Drachma Plunge Previewed in History of Currency Crises

[Reuters] Special Report-How Greece went bust

[Bloomberg] Puerto Rico Bondholders Form New Front as They Gird for Default

[NYT] Hedge Funds Fight to Save Puerto Rico Investments

[Bloomberg] Ukraine Eurobonds Fall 4th Day as BofAML Warns on Default Risks

[Reuters] Euro zone factory June growth tepid as Greece weighed: PMI

[NYT] Average Home Price in Manhattan Reaches $1.87 Million, a New High

[Washington Post] See China’s rapid island-building strategy in action

Tuesday Evening Links

[Bloomberg] Greece Misses $1.7 Billion IMF Payment, Joining Zimbabwe's Ranks

[Bloomberg] Merkel Says New Talks Must Wait After Greece Blows Off IMF Payment

[NYT] Greece Misses Debt Payment, Deepening a Crisis

[Bloomberg] Puerto Rico Bonds Fall to Record Low as Debt Crisis Worsens

[Bloomberg] Puerto Rico Bankruptcy Adviser Says Out-of-Court Deal Infeasible

[Reuters] U.S., Iran presidents issue warnings as nuclear talks extended

[BBC] Ukraine suspends Russian gas purchases

Tuesday's News Links

[Reuters] EU makes last-ditch bid to save Greek bailout

[Bloomberg] Greece Can Stay in Euro Even With ‘No’ Vote, Schaeuble Tells Lawmakers

[Bloomberg] Greece Staggers Into Economic Unknown With Bailout Expiring

[Bloomberg] ECB Billions Can’t Save Euro-Area Bonds From Worst Quarter Ever

[Reuters] Greece may find it is easier to close banks than re-open them

[Bloomberg] Chinese Stocks Surge After Posting The Biggest Intraday Swing Since 1992

[Bloomberg] China’s Finance Industry Rallies Behind Stocks After Plunge

[CNBC] Puerto Rico poses a 'substantial threat': Strategist

[Washington Post] How ordinary bond investors would be hurt by a default in Puerto Rico

[WSJ, Hilsenrath] For Fed to Delay Rate Hikes, Global Tumult Would Need to Infect U.S.

[Reuters] Second-quarter M&A close to record amid mega deals

[Bloomberg] Home Prices in 20 U.S. Cities Grew at Slower Pace Through April

[Bloomberg] Here's What Latin America's Sharp Slowdown Means for the U.S.

[Reuters] Iran and powers set to miss deadline as nuclear deal remains elusive

Monday Evening Links

[Bloomberg] China’s Stocks Extend Bear-Market Rout to Lowest Levels in Three Months

[Reuters] Puerto Rico governor calls for bankruptcy; adviser says island 'insolvent'

[NYT, Eavis] Loads of Debt: A Global Ailment With Few Cures

[Reuters] Puerto Rico's Deepening Crisis Threatens High-Yield U.S. Funds

[Bloomberg] Euro Plunges With S&P 500 Futures on Greece; China Set for Bear

[Bloomberg] Tsipras Says European Leaders Won’t Dare Kick Greece Out of Euro

[Bloomberg] Abe Tackles World's Heaviest Debt Burden

[Bloomberg] Puerto Rico Will Seek to Suspend Debt Payments in Restructuring

[Bloomberg] Citigroup Overtakes JPMorgan as Top U.S. Derivatives Dealer

Monday's News Links

[Bloomberg] European Stocks Head for Worst Drop of 2015 With Greece on Edge

[Reuters] European banks, bonds shaken by Greek turmoil

[Reuters] Spanish, Italian government borrowing costs jump as Grexit fears spread

[Reuters] China stocks slide despite calming efforts

[Reuters] U.S. futures fall as Greek crisis worsens

[Bloomberg] ECB’s Reaction Seen Crucial to Keep Markets Stable on Greece

[Bloomberg] European Banks Erase $56 Billion as Greece Edges Toward Exit

[Bloomberg] Credit Risk Gauges in Europe Rise by Most Since Lehman on Greece

[MarketWatch] Puerto Rico governor says debts 'not payable': report

[NYT, Irwin] The Next Few Days Have the Potential to Transform Greece and Europe

[NYT] Panic Sets in Among Hardy Hedge Fund Investors Remaining in Greece

[Reuters/NYT] Greece's Wary Neighbors Hope Bank Crisis Doesn't Come Their Way

[Bloomberg] Merkel and Hollande Turn Away From Greece

[Bloomberg] Greek Ties to Bulgarian Banks Spur a Bond Rout as Contagion Spreads

[Bloomberg] Black Swan Dangers May Lurk in Emerging Markets Amid Greece Risk

[Bloomberg] Here's What Analysts Are Saying About Greece

[Reuters] Puerto Rico needs debt restructuring, reforms: economists' report

[FT] Explainer: Puerto Rico’s debt problems

[WSJ] China’s Debt Bomb

[WSJ] We’re Losing the Cyber War

Sunday Evening Links

[BBC] Greek debt crisis: Banks to remain shut all week

[WSJ] Greece Orders Banks Closed, Imposes Capital Controls to Stem Deposit Flight

[Reuters] Euro, stocks plunge as Greece seen on course to default

[Bloomberg] Asian Stocks Slide With Euro on Greece Crisis While Havens Climb

[Reuters] Greece to introduce capital controls, keep banks shut as crisis deepens

[Bloomberg] Greece Closing Banks as Expiring Bailout Spurs Withdrawals

[Reuters] Wave of contagion expected after dramatic weekend raises 'Grexit' chances

[Reuters] Cautious Merkel on verge of biggest risk with 'Grexit'

[Bloomberg] The $8 Trillion Penny Stock: China’s Market of Boom-Bust-Repeat

Sunday's News Links

[Bloomberg] ECB Said to See Greek Bank Holiday Needed as ELA Dries Up

[Reuters] Greece Says Considering Bank Closures and Capital Controls on Monday

[AP] The Latest: Germany warns travelers to Greece to bring cash

[Bloomberg] Greece Races to Avert Black Monday as Banks Run Low on Cash

[Bloomberg] ECB Freezes Greek Emergency Bank Aid as Referendum Looms

[Bloomberg] Euro Faces Existential Threat as Greece’s Membership in Jeopardy

[Reuters] China regulators juggle IPOs with growth and a market plunge

[Bloomberg] China’s Auditor Says State Firms Falsified Revenue and Profit

[Bloomberg] BIS Warns of Increasing Risk of Liquidity Trap in Bond Markets

[Bloomberg] BIS Renews Call for Tougher Fund Rules Amid ‘New Risks’

[Reuters] Credit, Real Estate Booms Raising Emerging Market Risks: BIS

Saturday Evening Links

[Reuters] Greek parliament gives green light to Tspiras' bailout referendum

[NYT] Greek PM Tsipras Issues Defiant Call to Reject Bailout in Referendum

[AFP] 'Plan B' looms after Greece and Europe fall out

[Reuters] More than a third of Greek ATMs run dry for a while on Saturday

[UK Guardian] Tsipras’s shock call for vote on Greek bailout sets day of destiny for Europe

[Bloomberg] Euro Chiefs Seek Damage Control as Greece Heads to Referendum

[Bloomberg] IMF Won’t Help Greece If Payment Missed, Lagarde Says

[Bloomberg] Zhou Channels Greenspan Put With Easing After China Stocks Slump

[NYT] Sydney's Crazy Housing Market No Mere Craze

[Reuters] Disputes linger as Iran, powers push for nuclear deal: France

Saturday's News Links

[Bloomberg] Greeks Line Up at Banks and Drain ATMs After Tsipras Calls Vote

[Reuters] Greece has 'closed door' on further talks: Eurogroup's Dijssebloem

[Bloomberg] Door Closing to Greece as Finance Chiefs Scorn Referendum

[AP] The Latest: Germany Says Greece Vote Move Seems to End Talks

[Reuters] China cuts interest rates again to support economy

[Reuters] China says changing position on sea dispute would shame ancestors

[NYT] For Eurozone, a Day of Dueling Agendas on Greek Debt

[Reuters] China says many in Japan not ready to accept its rise

Note to Readers: Back Next Week

Friday Evening Links

[Bloomberg] Greece’s Tsipras Calls July 5 Referendum on Bailout Demands

[Bloomberg] Puerto Rico’s GDB Said Mulling Debt Swap to Delay Maturities

[Reuters] German regulator says Deutsche Bank CEO misled Bundesbank: FT

[Reuters] U.S. compares China's South China Sea moves to Russia's in Ukraine

[Washington Post] Philippine officials say China island-building in full swing

[Reuters] Big hurdles to Iran nuclear deal as deadline looms

Friday's News Links

[Bloomberg] Chinese Stocks Tumble as Morgan Stanley Says Don’t Buy the Dip

[Bloomberg] Chinese Stock Plunge Leaves State Media Speechless

[Bloomberg] China Investors Get That Greater Fool Feeling as Selloff Deepens

[Bloomberg] Greece’s Creditors Propose $17.3 Billion Package to End Standoff

[UK Guardian] Greece crisis - Merkel says Eurogroup talks will be decisive on Saturday

[Reuters] Merkel, Hollande dangle financing before Greece's Tsipras

[Bloomberg] Merkel Says Weekend Talks on Greece ‘Decisive’ as Time Runs Out

[Bloomberg] ECB Said to Leave Greek-Bank Emergency Liquidity Unchanged

[Reuters] Germany's Schaeuble says sees 50:50 chance of reaching Greek deal

[Bloomberg] Schaeuble Says the Greater Risk of the Greece Crisis Is Euro Credibility

[Reuters] Some Say Back to the Drachma for a Greek Reboot

[NYT, Stewart] If Greece Defaults, Imagine Argentina, but Much Worse

[Reuters] IMF to Fed: Drop the dots

[Bloomberg] The S&P 500 P/E Ratio Is 19, Unless It’s Actually 27

[Bloomberg] Japan’s Economy to Grind to a Halt in 2nd Quarter, JPMorgan Says

[Bloomberg] Ukraine Repeating Default Threat Shows Deadlock Far From Over

[Economic Times] Five reasons why Shanghai Composite cracked 7% today, is down 19% in 9 days 

[Washington Post] As Iran nuclear talks near completion, the issues get ‘tougher and tougher’

[Reuters] Putin out to seize control of Ukraine, says Kiev defense chief

[Reuters] Russia 'playing with fire' with nuclear saber-rattling: Pentagon

Thursday's News Links

[Reuters] Creditors set bailout ultimatum for defiant Greeks: source

[Bloomberg] Dueling Greece Plans Presented Complicating Race for Deal

[FT] Creditors issue bailout ultimatum to Greece

[Bloomberg] Greece Lurches Closer to Default

[Bloomberg] Weidmann Says Greek ELA May Breach State Financing Ban

[Reuters] U.S. consumer spending posts largest gain in nearly six years

[Bloomberg] Options Bears Take Fresh Stab at Biotech Amid Rally Topping 500%

[Bloomberg] China Tech Stock Boom Falters as Traders Shun Soaring Valuations

[Bloomberg] Macau Slump Spreading From Gambling Tables to Property Market

[Bloomberg] Goldman Sees Ukraine in Solvency Crisis, Likely Default in July

[Bloomberg] Puerto Rico Debt Crisis Mounts With Key Deadline Just Week Away

[Reuters] NATO warns of risk of return to heavy fighting in Ukraine

[Reuters] China says Manila trying to 'rope in' others to sea dispute

Wednesday's News Links

[Bloomberg] European Stocks Retreat as Creditors Reject Greece’s Proposals

[Bloomberg] Greece Handed New Terms as Tsipras Approaches Decision Time

[WSJ] Divisions Remain as Eurozone Finance Ministers Meet Over Greece Deal

[Bloomberg] How Draghi Shifted ECB Crisis Tactic Amid Greek Brinkmanship

[Reuters] U.S. firms fear financing drought as deadline looms for trade bank

[WSJ] Japan’s Nikkei Hits Highest Level in More Than 18 Years

[Washington Post] French prime minister: US must act fast to repair damage from NSA spying revelations

[Reuters] China to widen draft security law to cover space, sea, polar interests

Tuesday Morning Links

[Bloomberg] Europe Stocks Rise for 4th Day on Optimism Over Greece, Economy

[Bloomberg] Tsipras Seeks to Stave Off Greek Defections Over Aid Plan

[Reuters] Greek offer to creditors stirs angry backlash at home

[Bloomberg] Beware Bond-Liquidity Traps When Hunting Yield, Pimco Says

[Reuters] Chinese State Media Move to Calm Investors After Stock Slump

[Reuters] China June factory activity contracts slightly but shows some signs of stabilizing: PMI

[Bloomberg] Greece Given 48 Hours to Reach Deal as EU Leaders Weigh Debt

[Reuters] U.S. to pre-position tanks, artillery in Baltics, eastern Europe

[Bloomberg] We'll Meet More Often, U.S. Navy Captain Says to China

[WSJ] U.S.-China Talks Held Under Cloud of Suspicion

[Bloomberg] El Nino Gains Strength as Pacific Warms Just Like It’s 1997

[Bloomberg] The Way Humans Get Electricity Is About to Change Forever

Monday Evening Links

[Bloomberg] EU Leaders Prod Greece for More to Clinch Aid Deal This Week

[Bloomberg] China Margin Trades Buckle Leaving $364 Billion at Risk

[Bloomberg] Major Money Manager Braces for Bond-Market Collapse

[Bloomberg] Greece Is in a Worse Spot Than America Was in 1933

Monday's News Links

[Bloomberg] Greek Stocks Lead European Shares Higher as Altice Jumps on M&A

[Bloomberg] Credit Risk Indicators Fall as Greek Plan Stokes Deal Optimism

[Reuters] Asia cheers Greece's 11th-hour proposals to avert default

[Reuters] Greece delivers "reasonable" proposal, no final deal seen on Monday

[Bloomberg] ECB Said to Raise Greek Bank Aid Third Time in Less Than a Week

[Bloomberg] Greek Optimism Tempered by Finance Chiefs as Plan Sows Confusion

[Reuters] Any Greece deal must match party manifesto, minister says

[UK Guardian] Creditors offer Greece six-month bailout reprieve as Tsipras weighs response

[NYT] As Deadline Looms, European Central Bank Plays Key Role in Greek Crisis

[BBC] Dire warning from Greek bank boss

[Bloomberg] Abe Aims to Cap Spending Growth to Rein in Japan’s Debt Burden

[Bloomberg] Speculators Retreat From Oil as OPEC Oversupply Crowds Out Shale

[Reuters] Explosive local govt debt issuance threatens China c.bank's easing efforts

[Bloomberg] China Margin Debt Shrinks First Time in a Month Amid Stock Rout

[Bloomberg] Shanshui Bonds Tumble to Record Low on Default Risk Amid Rift

[Bloomberg] Carter Says U.S. Can’t Meet Europe’s Security Challenges Alone

[FT] Senior Putin aide warns over Russia-US relations

[Washington Post] Russia warns of deeper rifts with West as Europe extends sanctions

[Reuters] Taliban attacks Afghan parliament

Sunday Evening Links

[Reuters] Greece offers new proposals ahead of emergency summit

[Bloomberg] JPMorgan: Greece's Financial System Just Had a Terrible Week

[FT] Washington fears losing Greece to Moscow

[Bloomberg] Tsipras Said to Risk Miscalculating Merkel on Greek Aid

[Reuters] Exclusive: Bank of Greece warned bankers of 'difficult' day if no debt deal

[Reuters] Iran's parliament seeks to limit nuclear concessions

Sunday's News Links

[Bloomberg] Greece Offers ‘Definitive’ Plan to EU Leaders, Tsipras Says

[Reuters] Greek drama nears final act, ending uncertain

[FT] Affluent Greeks fret as they teeter on the edge

[LA Times] Russia and Greece consider collaborating to circumvent Western sanctions

[AP] Game of chicken over Greece risks slipping out of control

[Reuters] Water wars in California's coastal wine country

[Reuters] Food price surge puts India's Rajan on the back foot