TOP NEWS: Week 05/16 – 05/22

Friday 05/20

Asian stock markets rally ahead of G7 meeting – business live – guardian

Saudi Arabia is borrowing more money as its reserve cash pile burns – businessinsider
Brazil Fund Bets Big on Eucalyptus Trees as Crises Roil Stocks – Bloomberg

Brazil’s Financial Chief Says Economy Worse Off Than He Imagined – Bloomberg


Thursday 05/19

Markets hit by fears of US June rate hike – business live – guardian

Greek Pipeline Breakthrough To Challenge Russian Gas Dominance In Europe – Zerohedge
Bank of America Just Downgraded Hotels Due to Threats Like Airbnb – Bloomberg

Oil Producer Petrobras Downgraded: 60% Move Overdone? – barrons
Middle Eastern oil and politics are squeezing this nearby state – businessinsider
Emerging-Market Stocks Erase 2016 Gains as Fed Weighs June Hike – Bloomberg

Euro Area Shifts Greek Focus to Debt Relief to Win IMF Support – Bloomberg
This one chart tells you everything you need to know about how important China is to the global economy – businessinsider
Striking Coherent G-7 Growth Plan Is Challenging, Morneau Says – Bloomberg

China Sends Hawkish Fed A Message – Devalues Yuan Near 2016 Lows – Zerohedge



Wednesday 05/18

Markets hit by US rate hike talk ahead of UK unemployment report – business live – guardian

Hawkish Fed sends U.S. dollar soaring; bank stocks rally – Reuters
Spain Dodges Budget Sanctions, Clearing Path to June Elections – Bloomberg

CREDIT SUISSE: China has become a victim of its own success – businessinsider

German coalition partner dips below 20 percent for first time in 24 years – Reuters
Saudi Arabia Admits To A Full-Blown Liquidity Crisis: Will Pay Government Contractors With IOUs, Debt – Zerohedge
MORGAN STANLEY: A cocktail of political risks is pushing the world closer to a recession – businessinsider
Yuan’s 17% Devaluation Versus Yen Turns BOJ Pain Into China Gain – Bloomberg
CHART: Here’s how major asset classes have performed so far in 2016 – businessinsider

China, Hong Kong stocks fall after silence on expected trading link – Marketwatch
BOJ to expand stimulus by July, yen too strong for economy – Reuters poll – Reuters
Japan’s economy bounces back, avoiding recession – cnn

Tuesday 05/17

Oil on brink of $50 ahead of UK inflation – business live – guardian

One Measure of U.S. Wage Growth Just Hit a New Post-Recession High – Bloomberg
Petrobras Plans Bond Sale and Buyback of $3 Billion in Debt – Bloomberg
Nigeria’s Currency Chaos Deepens as Bets on Devaluation Rise – Bloomberg
Industrial Production Stuck In Longest Non-Recessionary Slump In The Past Century – Zerohedge

‘Face-Ripping’ Rally in Canada Material Stocks Missing Key Piece – Bloomberg
Make America Gold Again: Calls for Everyone’s Favorite Standard Are Back – Bloomberg
China just overtook Canada as the largest foreign buyer of US residential real estate – yahoofinance
After 41 Years, Saudi Arabia’s Treasuries Holdings Are Unveiled – Bloomberg

China to buy $90 billion gold vault in London – cnn

Berenberg Bets on Gold as Brexit Vote Fuels Market Uncertainty – Bloomberg
Opinion: What does Hitler have to do with Brexit or Greece? – Marketwatch

BlackRock’s Fink Says ‘All Have to’ Worry About China Debt – Bloomberg
This is a pretty worrying chart for China’s demographic future – businessinsider
Billionaire Soros Cuts U.S. Stocks by 37%, Buys Gold Miner – Bloomberg
Chinese Stocks Climb in Hong Kong as Xi Vows Reforms, Oil Gains – Bloomberg
This awesome infographic estimates the size of China’s massive debt bomb – businessinsider
Australia Dollar Surges After RBA Damps Speculation on Rate Cuts – Bloomberg


Monday 05/16

Oil hits six-month high; Brexit would raise European risks – business live – guardian

Buffett’s Berkshire Hathaway Took Apple Stake Worth About $1 Billion in 1st Quarter – Bloomberg
Brazil Is Reportedly Considering Selling State Assets to Raise Cash – fortune
Deutsche Bank’s Woes May Be ‘Insurmountable,’ Berenberg Says – Bloomberg
The Next Big Catalyst For Stocks: Improvements In Japan and Europe – forbes
Consumption contributes higher portion of China GDP growth in first quarter – Reuters
Two More US Energy Companies Go Bankrupt: Breitburn, Sandridge File Chapter 11 – Zerohedge

Moody’s: Olympics will give Rio long-lasting infrastructure benefits boost, but will hardly affect Brazil’s economic slump – moody’s
Empire Fed Manufacturing Outlook Crashes Back To Reality – Zerohedge
DEUTSCHE BANK: Everybody is missing the biggest risk in Italy – businessinsider
Why the ETF Acronym Can Be Misleading – Bloomberg
Turkish Stocks Cheaper Than Assets First Time Since 2009: Chart – Bloomberg

Two-Minute Plunge Roils China H Shares as Futures Volume Soars – Bloomberg

The 25% Jump in Gold Holdings That Shows Angst on Central Banks – Bloomberg
Pure Troika Idiocy – The Greek Debt Slavery Regime Through 2059 – Zerohedge
Norway’s wealth fund to sue Volkswagen over emissions scandal – Reuters


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