Global Macro / Markets:
- Argentina slips into sovereign default mode again on bond ruling – Reuters
- Japanese bond market paralysis could spread to others – Bloomberg
- Pope criticizes speculators in food prices – Bloomberg
- The ISIS conflict in maps – NYT
- Russia cuts gas to Ukraine – abc.com
Americas:
- US Industrial Production rises in May – The Fed
- Wall Street loves high unemployment – Calculated Risk
- IMF cuts US growth outlook, lower rates for longer – Bloomberg
- GM recalls more cars than it made in 2013 – ZH
- Fed prepares for bond runs, to announce fees to exit bond funds – ZH
- Tax exiles continue: Medtronic leaves US corporate land – Bloomberg
- US housing inventory surges – Calculate Risk
Europe:
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- UK poverty on par with former Eastern European bloc – FT
- Thankfully London house prices falling – Bloomberg
- Train strike derails philosophy exams in France – The Economist – or does it?
Asia:
- Chinese corporate debt now exceeds US – Bloomberg
- Chinese jets buzz Japan again – Japan News
- Paradox of a Chinese reserve currency – FT
- Obama and Abbott on defence co-operation in Asia – Diplomat
- Inside a North Korean submarine (tip: Kim Jong Il just fits down the hatch) – Reuters
Local:
- DIY Super continues to outpace “professional” crowd:NAB – BS
- Shorten faces split in ranks on asylum seeker processing – Fairfax
- CBA financial advice scandal deepens – Adele Ferguson at SMH
- New UGL boss puts a damper on engineering servicing sector – The Age
- Aussie corporates lazily stashing cash, not investing – The Age
- Mark Bouris on high cost of living: confuses price with value – Fairfax
Other:
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