Friday Evening Links

[Bloomberg] Banks Said to Face SEC Probe Into Possible Credit Swap Collusion

[Bloomberg] Draghi Says There Can't Be a Limit to ECB Action Within Mandate

[WSJ] Macro Hedge Funds Caught Off Guard by ECB’s Move

[Bloomberg] Brazil Central Bank Said to Demand BTG Sell Assets, Cut Trading

[Bloomberg] Fitch Cuts BTG Pactual to Junk, Warns of Further Downgrades

[Bloomberg] OPEC Unity Shattered as Saudi-Led Policy Leads to No Limits

[Bloomberg] Credit-Market Swoon Sends Somber Message to Property Investors

[NYT] China Creates a World Bank of Its Own, and the U.S. Balks

Friday's News Links

[Bloomberg] Draghi Says There Can't Be a Limit to ECB Action Within Mandate

[FT] Corporate debt downgrades hit $1tn worth of issues

[Bloomberg] Treasuries Fall as U.S. Job Gains Support Fed Rate-Increase Bets

[Bloomberg] Colombian Peso Leads Losses in Emerging Markets as Oil Tumbles

[Bloomberg] Bond Rout Deepens in Euro Area as Draghi Underdelivers to Market

[Bloomberg] Emerging Stocks Drop for Third Day as ECB Stimulus Disappoints

[Reuters] U.S. trade deficit widens as exports hit three-year low

[WSJ] Crowded Trades Collapse

[Bloomberg] Rousseff Says Brazil's Impeachment Proceedings Are Coup Attempt

[Bloomberg] Bonds Tumble by $270 Billion as Draghi, Yellen Batter Markets

[Bloomberg] China's Bond Leverage Tops $1.2 Trillion in Replay of Stock Boom

[Bloomberg] Agricultural Bank President Resigns Amid Report of Demotion

[Reuters] Desperate Chinese steelmakers dump iron ore stocks

[Reuters] ECB's Weidmann: We didn't need to ease

[Yahoo] Record-setting year for M&A activity

[Bloomberg] OECD Secretary General Has Asked Fed to Raise Rates Since 2014

[Bloomberg] World's Woes Huddle on Greek Shores as Another Crisis Year Looms

[MarketWatch] Opinion: Terrorist backlash boosting National Front in French vote

Thursday Evening Links

[Bloomberg] Asian Stocks Extend Global Rout as Draghi Disappoints Investors

[Bloomberg] Top China Cop Targets Bankers After Putting Away Security Czar

[Reuters] Dollar set for biggest loss against euro in over 6-1/2 yrs after ECB

[Reuters] S&P posts biggest drop since September as ECB disappoints

[Dow Jones] U.S. 10-Year Yield Posts Biggest 1-Day Rise Since July 2013

[Bloomberg] Trendiest Trades in Global Bonds, Currencies Are Getting Crushed

[Bloomberg] Draghi Cracks East Europe Shield Against Fed Rates as Bonds Drop

[MarketWatch] 10 stocks leading the U.S. market lower

[Bloomberg] Draghi's Weeks of Rhetoric Culminate in ECB Stumble on Stimulus

[Bloomberg] BTG Funds Lose Half of Net Assets in Week After Esteves Arrest

[Reuters] U.S. stock, bond mutual funds see 4th straight week of withdrawals - Lipper

[Bloomberg, El-Erian] ECB Shows It Can't Be Markets' Best Friend Forever

Thursday's News Links

[Bloomberg] Stocks Plunge With Dollar, Bonds as ECB Decisions Disappoint

[Bloomberg] Draghi Lifts QE to at Least 1.5 Trillion Euros to Boost Prices

[Bloomberg] Euro-Area Bonds Extend Drop as Draghi QE Extension Disappoints

[Bloomberg] Stocks Plunge With Bonds, Euro Rallies as ECB Moves Disappoint

[Bloomberg] Euro Surges as Scale of ECB Stimulus Boost Disappoints Bears

[Bloomberg] Emerging Stocks to Currencies Fall as Yellen Backs Rate Rise

[Bloomberg] ECB Move Ripples Across Eastern Europe as Currencies, Bonds Drop

[Bloomberg] Service Industries in U.S. Grew at Slower Pace in November

[Bloomberg] What BTG Pactual's Mounting Crisis Means for Brazil and Beyond

[Bloomberg] Gross Says `De-Risk' Portfolios as Wile E. Coyote Time Nears

[Bloomberg] Brazil Goes From Crisis to Crisis as Impeachment Bid Moves Ahead

[CNBC] China's all-important services sector weakens in November

[CNBC] Saudi Arabia's big welfare spending faces the oil abyss

[Bloomberg] Templeton Bond Guru Sees Pain Coming for Complacent Debt Traders

[Reuters] Catalonia to pursue split from Spain despite court block, Mas says

[Washington Post] Putin issues sharp threats to Turkey for downing of Russian warplane

Wednesday Evening Links

[Reuters] More woes for Brazil bonds after impeachment report

[Bloomberg] Billionaire Kinder's Pipeline Giant Plunges as Junk Status Looms

[Bloomberg] The Biggest Mexico Bond Default in 20 Years Looms

[Bloomberg] Yellen Ties Rate-Rise Pace to ‘Actual Progress’ on Inflation

[Bloomberg] Rousseff to Face Impeachment in Brazil Beset by Recession

[Bloomberg] Impeaching a Brazilian President Is Complicated: a Quick Guide

[NYT] NATO Unveils Plans to Grow, Drawing Fury and Threats From Russia

Wednesday's News Links

[Bloomberg] Brazil's Authorities in a Pickle as BTG Spillover Fear Spreads

[Bloomberg] BTG Bonds Slump to New Lows as Downgrades Follow Esteves Arrest

[Reuters] Partners in BTG Pactual take control from jailed founder Esteves

[WSJ] Brazil’s BTG Pactual Works to Restructure After André Esteves Gives Up Control

[Bloomberg] Hedge Funds Brace for Redemptions

[Bloomberg] Fitch Warns Emerging Markets of Brazil-Like Mess on Private Debt

[Bloomberg] BTG Pactual Cut to Junk by Moody's Following Esteves's Arrest

[Bloomberg] Few Takers for Junk Bond Plunge

[Bloomberg] Mario Draghi Is About to Become the World's Market Risk Manager

[Bloomberg] Iran Says OPEC Remains Divided on Need for Oil Output Cut

[NYT] BTG Bonds Slump as Esteves Arrest Casts Pall Over Brazilian Bank

[Bloomberg] Emerging Markets Face Another `Challenging' Year, JPMorgan Says

[Reuters] BOJ prepared to ease if emerging mkt slowdown hurts inflation trend: Deputy Guv 

[Bloomberg] China Said to Peg Local Debt Swap Program at 15 Trillion Yuan

[Reuters] China behind 'massive' cyber-attack on Australian government: ABC

[Reuters] Russia says it has proof Turkey involved in Islamic State oil trade

[Reuters] Kremlin says NATO expansion to east will lead to retaliation from Russia

[Reuters] Iraqi politicians, militias warn Abadi against U.S. force deployment

Tuesday Evening Links

[Bloomberg] Fed's Evans Says December FOMC Rate Decision Makes Him Nervous

[Bloomberg] Price Cuts Herald End of Sydney Home Boom as Foreigners Retreat

[Bloomberg] Bonds of Apollo-Backed Claire's Plunge After Earnings Miss

[Bloomberg] The CEO Paying Everyone $70,000 Salaries Has Something to Hide

[CNN] Moscow says Turkey shot down plane to protect oil trade with ISIS

Tuesday's News Links

[Bloomberg] Manufacturing in U.S. Unexpectedly Shrinks Most Since June 2009

[Bloomberg] Retailers' Store Sales Fell 10% Last Weekend, ShopperTrak Says

[Bloomberg] Withering Demand Leaves Brazil GDP in 'Obituary' Condition

[Bloomberg] China's Manufacturing PMI Weakens to Lowest in Three Years

[Bloomberg] BTG Sees Another $224 Million Flee From Funds Following Arrest

[Bloomberg] BlueCrest to Return All Outside Investor Money

[Reuters] Chinese banks miss out on the party as Asian M&As pass $1 trillion mark

[Bloomberg] Heavy Smog Forces Students Home as Pollution Enshrouds Beijing

[Reuters] NATO allies seek to strengthen Turkey's defenses

Monday Evening Links

[Bloomberg] Citi: The Growth Model of Emerging Markets Is ‘Broken’

[Bloomberg] Sydney Home Prices Drop Most in Five Years as Regulation Bites

Monday's News Links

[Bloomberg] IMF gives China's currency prized reserve asset status

[Bloomberg] Asian Shares Fall as Shanghai Brokers Extends Losses; Oil Gains

[Bloomberg] China Stocks Recover Losses in Late Trading as Volatility Climbs

[Bloomberg] Emerging Stocks Drop to Two-Week Low as China Selloff Roils Asia

[Bloomberg] Saudi Borrowing Rate Soars in November as Bank Deposits Drop

[Reuters] Esteves quits as head of Brazil's BTG Pactual amid graft probe

[CNBC] IMF expected to include yuan in SDR currency basket

[Bloomberg] ECB Left With No Choice But Action After Draghi Market Priming

[Reuters] BOJ's Kuroda dismisses calls to go slow in hitting inflation target

[WSJ] Emerging-Market Defaults Rise After Asia’s Debt Pileup

[NYT] Behind Puerto Rico’s Woes, a Broadly Powerful Development Bank

[NYT] Tensions With Russia Add to a Chill in Turkey’s Economy

[Reuters] Russian raids repeatedly hit Syrian Turkmen areas, Moscow's data shows

Sunday's News Links

[Bloomberg] Asian Stocks Slide After Chinese Selloff as Material Shares Drop

[Bloomberg] Esteves Steps Down as BTG’s CEO, Chairman After Arrest Extended

[Bloomberg] BTG's Partners Said to Plan Buying Esteves's Stake After Arrest

[Reuters] China's Shadow Banking Risk Shifts to Booming Bond Market

[Bloomberg] Citic, Haitong, Guosen Probed on Alleged Margin-Trading Breaches

[Reuters] China brokerages investigated over margin trading contracts

[Bloomberg] Did the Yuan Really Pass the IMF Currency Test? You'll Know Soon

[FT/CNBC] ECB ponders options as it looks to inject fresh economic stimulus

[WSJ] Chinese Pull Back From U.S. Property Investments

[Bloomberg] Turkey's Prime Minister Criticizes Putin's Sanctions

Saturday's News Links

[Reuters] U.S. store sales down slightly for Thanksgiving and Black Friday

[Bloomberg] BTG Sees $1.1 Billion in Fund Withdrawals After Esteves's Arrest

[Reuters] Merkel under pressure from her own ahead of EU migration summit

[Bloomberg] Brazil's Rousseff Cancels Japan, Vietnam Trip Amid Budget Woes

[NYT] Chinese Cash Floods U.S. Real Estate Market

[Reuters] Top Kurdish lawyer killed in southeast Turkey, protests expected

[Reuters] Kremlin says Putin 'fully mobilized' to tackle threat from Turkey

[Reuters] Syria army says Turkey increases arms shipments to rebels

[Reuters] Putin, citing national security, signs Turkey sanctions decree

CBB Back Next Week. Thanks!

CBB Back Next Week. Thanks!

Friday's News Links

[Bloomberg] China Calm Shattered as Brokerage Probe Sparks Selloff in Stocks

[Bloomberg] China Brokerage Probe Worsens Weekly Selloff in Emerging Markets

[Dow Jones] Treasury Yields Close At Monthly Low As Chinese Equity Slump Sparks Flight To Quality

[Bloomberg] China Stock Bulls Hit Breaking Point as State Dials Back Support

[Bloomberg] China's Bond Stresses Mount as Two More Companies Flag Concerns

[Bloomberg] ISDA to Rule Whether Abengoa Credit-Default Swaps Triggered

[FT] BTG Pactual stops making new loans to conserve liquidity

[Bloomberg] Asian Stocks Fall With Yuan as China Profits Decline; Oil Drops

[Bloomberg] Emerging-Market Assets Head for Weekly Decline as China Tumbles

[Bloomberg] China Brokerages Lead Drop as Haitong Securities Halts Trading

[Bloomberg] Half of Gold Output May Not Be ‘Viable’ as Price Sags: Randgold

[Bloomberg] Singapore Banks Face Risk From Weaker Credit, FX Moves, MAS Says

[Reuters] Turkey's Erdogan warns Russia not to 'play with fire'

[Washington Post] Russia plays down idea of coalition with West to strike ISIS in Syria

Thursday's News Links

[Bloomberg] Metals Rally on Chinese Support, Boosting Stocks; Aussie Slides

[Bloomberg] Records Abound in European Bonds as ECB Feeds Negative Yields

[Bloomberg] BTG CEO's Arrest Triggers Big Question: How Much Cash Will Flee?

[Reuters] Bad Saudi PR fuels riyal devaluation talk

[Bloomberg] China to Probe Largest Brokerage for Alleged Rule Violations

[FT] China’s ‘national team’ owns 6% of stock market

[Reuters] Italy, France, Belgium Vulnerable to Shocks Because of High Debt, Low Growth-EU

[FT] Germany’s isolation within Europe is growing

[Washington Post] American and Russian militaries don’t agree about much in Syria

[Bloomberg] China Announces Military Overhaul to Make Army More Combat Ready

[WSJ] Russia Takes Aim at Turkish Economy Amid Fighter-Jet Spat

[CNN] Turkey won't apologize for downing Russian warplane, Erdogan says

Wednesday Evening Links

[Bloomberg] Brazil Markets Slide as Corruption Probe Ensnares BTG's Esteves

[Bloomberg] UMich Survey Director: We're Witnessing the Decline of American Economic Aspirations

[Bloomberg] Junk-Bond Issuance Surges to $26 Billion in the Last Stages of Boom

[Bloomberg] Puerto Rico's Dec. 1 Deadline: A Guide as Possible Defaults Loom

[Bloomberg] How Brazil's Banking Golden Boy, Arrested in Rio, Built an Empire

[Bloomberg] Political Turmoil Makes Life Tough for Brazil's Central Bank

[NYT] Brazilian Senator and Banker Are Arrested as Petrobras Scandal Widens

[Reuters] Spain's Abengoa starts insolvency proceedings, shares dive

[Bloomberg] The Turkish Wild Card in Syria That Russia and U.S. Both Need

[Reuters] Russia and Turkey refuse to back down in row over jet downing

Wednesday's News Links

[Bloomberg] The U.S. Is the Most Unequal Developed Economy Outside Southern Europe

[Reuters] New agonies, alliances as Fed debates post-liftoff plan

[Reuters] Exclusive - ECB discusses two-tiered bank charges, broader bond buys: officials

[WSJ] Bank Regulators Step Up Pressure Over Credit Risk

[NYT] Telltale Signs That Deal Makers Swallowed the Silly Pills

[Bloomberg] ECB Warns Asia Risks Rising as Fed Liftoff Tests Stability

[Bloomberg] Iron Ore Rout Deepens as Rising Supply, Weaker Demand Feed Glut

[Bloomberg] Yuan IMF Reserves Entry Seen as More Symbolic Than Game-Changing

[Bloomberg] BTG Pactual CEO Esteves Arrested In Brazil's Graft Probe, Police Say

[Bloomberg] Russia Suspects Downing of Warplane by Turkey Was Planned

[CNN] Tensions rise as Russia says it's deploying anti-aircraft missiles to Syria

[Washington Post] Kerry says Mideast violence could ‘spin out of control’

[Reuters] Ukraine says to stop buying Russian gas as Gazprom halts supplies

Tuesday Evening Links

[Bloomberg] Asia Stocks Slip as Syria Angst Buoys Gold; Ringgit Jumps on Oil

[Bloomberg] Junk-Bond Losses Pile Up as Traders Flee Any Whiff of Bad News

[Bloomberg] Gone Missing: When Chinese Companies Lose Track of Their Leaders

[Bloomberg] China's Earliest Monthly Economic Indicators Flash Warning Sign

[Bloomberg] Bank Profits Hit $40.4 Billion in Third Quarter, FDIC Says

[Bloomberg] Defaults Shake Indifference to Risk in Overheated China Bonds

Tuesday's News Links

[Reuters] Turkey downs Russian warplane near Syria border, Moscow denies air space violation

[Bloomberg] Global Stocks Drop, Bonds Rise With Gold as Turkey Downs Plane

[Bloomberg] Russian Stocks Slide Most in World as Downed Jet Heightens Risks

[Bloomberg] European Stocks Drop With Russian Markets as Turkey Downs Plane

[Bloomberg] Nickel Slumps to '03 Low as Metals Trade Near Multi-Year Nadir

[Bloomberg] Stung by Oil, Distressed-Debt Traders See Worst Losses Since '08

[CNBC] Home prices rise 5.5% in Sept: S&P/Case-Shiller

[Reuters] German ECB policy-setter breaks ranks with Draghi over QE

[CNN] Oil crash sparks OPEC revolt against Saudis

[WSJ] China Takes a Smoother Path to Currency Devaluation

[Bloomberg] Putin Says Turkish 'Stab in Back' Caused Russian Warplane Crash

[Reuters] Russia prepares reprisals against Ukraine over Crimea blackout

[Reuters] Russia says to halt gas supplies to Ukraine, mulling coal cut off over Crimea