Links – Tuesday June 5

Here is some stuff Reynard the Fox found interesting today.

Global Macro:

• G7 to hold emergency Eurozone talks, Spain top concern Reuters
• Banks cut cross-border lending most since Lehman: BIS Bloomberg
• Investors brace for slowdown WSJ
• IASB doubts rules will east boom-bust FT
• Dr Copper at 5-month low WSJ
• Losing faith The Economist

United States:

• Factory orders in unexpected fall for second month Bloomberg
• Merrill losses were withheld before Bank of America deal NYT
• Obama seeks way out of jobs gloom WSJ
• FDIC continues to promote the fantasy that it can resolve megabanks NakedCap
• Banks are leaving the corporate bond market making business. Sober Look

Europe:

• S&P report assesses the likelihood of Greece exiting Eurozone Reuters
• Spain seeks joint bank effort as pressure rises on Merkel Bloomberg
• Germany wants Spain to accept bailout money Spiegel
• Spain seeks centralised budget control FT
• Germany signals crisis shift WSJ , not a new plan.
• The week Europe stopped pretending Ambrose Evans-Pritchard
• Ireland still a long way from overcoming debt crisis Spiegel
• IMF’s 4th review on Portugal: Still on target, although challenges remain IMF , BBC
• Portugal injects €6.65 bn into 3 banks Bloomberg, WSJ
• Spain’s jobless rate falls for 2nd month BBC
• Going into the final stretch Syriza pulls ahead ekathimerini
• Brussels we have a problem ZH

Asia:

• Shirakawa bows to Yen bulls as intervention fails Bloomberg
• China’s lenders ordered to check bad loans China Daily
• China warns on lending to steel plants FT
• Debt, property risks curb China stimulus firepower Reuters
• Noda reshuffles Japan Cabinet in bid for support on sales tax Bloomberg
• Tax-funded projects to be more transparent China Daily
• Counting echoes of Tiananmen square in market fall FT
• See more china links later in the day from Sinocism

Local:

Yes, it is THAT Tuesday again.

• All eyes on rates as shares plummet BusinessDay
• Markets put faith in rate cut and China after $25bn share rout Locked Cupboard
• Australian industry must adapt to high currency, Hockey says Bloomberg
• Banks to face pressure again on rates BusinessDay

Interesting/Other stuff:

• Clydesdale at centre of new ‘mis-selling’ scandal Herald Scotland
• EU pressures Russia on Syria Al jazeera
• We are sleepwalking in a drone age, unaware of the consequences Telegraph UK
• The economic cost of fear Project Syndicate
• Holding stocks for the long run doesn’t always work. Also Sprach Analyst
• Europe’s “Call me maybe” approach to financial crisis management Yahoo
• The not so golden years, revisited Invictus
• What’s democracy done for me lately, ask Gen Y Locked Cupboard
• Rumour: Hedgies cut holidays to prepare for doom Examiner

And have a nice day!