Thursday, May 21, 2020

Friday's News Links

[Reuters] Hong Kong tensions unnerve world stocks, oil tumbles

[CNBC] Hong Kong plunges more than 5% as Beijing plans to impose new security laws

[Reuters] Oil drops 5% on China-U.S. tensions, demand doubts

[Reuters] New U.S.-China tensions lift dollar; euro, offshore yuan fall

[Reuters] U.S. condemns China's 'disastrous proposal' to control Hong Kong: Pompeo

[CNBC] U.S.-China tensions are flaring on a new front: the financial markets

[CNBC] Coronavirus live updates: Oxford readying a phase 2 vaccine trial; cases surge in India

[Reuters] U.S. shale bust slams rural economies as oil checks shrivel

[Reuters] China drops GDP goal, vows spending as virus overshadows parliament

[Yahoo/Bloomberg] China Extends Relief for Trillions of Yuan in Bank Loans

[Reuters] Factbox: Reactions to China move to impose security laws on Hong Kong

[Reuters] China to encourage Taiwan's people to promote 'reunification'

[Yahoo/Bloomberg] Argentina Braces for Ninth Default

[Yahoo/Bloomberg] India Central Bank Pledges More Easing as Economy Set to Shrink

[Bloomberg] China Dares Trump to Hit Back With Hong Kong Power Grab

[Bloomberg] Here Are the Highlights of China’s 2020 Economic Targets

[Bloomberg] Coronavirus Is a Stress Test Many World Leaders Are Failing

[Bloomberg] Emerging-Market Rally Stumbles as Old Bugbear Gatecrashes Party

[Bloomberg] Australia’s Credit Rating Outlook Cut to Negative by Fitch

[Bloomberg] A Cold War Is Heating Up in the South China Sea

[WSJ] In Dropping Growth Target, China Acknowledges Severity of Its Economic Challenges

[WSJ] Markets Get a Shot of Fed Adrenaline

[WSJ] Struggling Corporate Borrowers Raise Risks in Loan Funds

[WSJ] Bank of Japan Shows ‘Whatever It Takes’ Attitude With $700 Billion Coronavirus Plan

[FT] How Germany changed its mind about Europe

Thursday Evening Links

[CNBC] Stock futures rise slightly as Wall Street tries to recover from Thursday’s losses

[Reuters] Fed’s balance sheet tops $7 trillion, shows increased buying of corporate bond ETFs

[CNBC] The coronavirus is crushing bankrupt retailers’ hopes for a rebound – and threatening even more jobs

[Reuters] Argentina extends debt talks deadline as default looms

[Reuters] Brazil suffers record 1,188 daily coronavirus deaths

[NYT] Fed Chair Warns This Is a ‘Downturn Without Modern Precedent’

[NYT] Many Jobs May Vanish Forever as Layoffs Mount

Thursday Afternoon Links

[Reuters] Wall Street finishes down as U.S.-China tensions heighten trade deal worries

[Reuters] China set to impose new Hong Kong security law, Trump warns of strong U.S. reaction

[CNBC] Coronavirus live updates: NYC and NJ set timelines to expand reopening; GOP aims to drop expanded unemployment benefits

[AP] As nation reopens, a historic referendum on risk begins

[Reuters] Exclusive: A quarter of Americans are hesitant about a coronavirus vaccine - Reuters/Ipsos poll

[CNBC] American billionaires got $434 billion richer during the pandemic

[CNBC] Many Americans used part of their coronavirus stimulus check to trade stocks

[WSJ] Senators to Propose Bill Sanctioning Chinese Officials Over Hong Kong Security Law

[WSJ] Europe’s Recovery Imperiled by Banks Too Scared to Lend 

[FT] Federal Reserve’s swaps intervention will preserve dollar’s reach

[FT] British banks warn BoE against negative rates

[FT] China risks new Hong Kong protests by imposing security law