Links 27 June 2013

Global Macro/Markets:

• Gold falls sharply on US economic data – Financial Times
• More big-name hedge funds nurse wounds from bond sell-off – Reuters
• Gold heads for biggest quarterly loss on record – Reuters
• Bond yields threaten recovery in global banks’ balance sheets – Financial Times

North America:

• Why Are So Many College Graduates Driving Taxis? – Bloomberg
• U.S. tops confidence survey on foreign investment, displaces China – Reuters
• Bernanke Is Better Than His Critics at Balancing Risks – Bloomberg
• Fed Presidents Say Dodd-Frank Failed to Dispel Too-Big-to-Fail – Bloomberg
• America’s Dirtiest Cities – In Photos: America’s 20 Dirtiest Cities – Forbes

Europe:

• ECB exit from easing remains far off, Draghi says – Financial Times
• Eurozone crisis live: Italy faces ‘billions of euros of losses’ on derivative contracts – The Guardian
• EU leaders may reopen budget talks to resolve impasse – Reuters
• The euro still has a mountain to climb – Financial Times

Asia:

• Wenzhou Shadow Banking Unscathed by China Crunch as Rates Steady – Bloomberg
• Threats to peace are lurking in the East China Sea – Financial Times
• China should bail out its shadow banks, U.S. style – Fortune

Local:

• Scrambling for light at a darkened coalface – Business Spectator
• Executive pay – do the rich get richer – The Conversation

Other

• Basel presses ahead with plans to limit bank borrowing – Financial Times
• Coal Crippled by Supply in Worst Quarter in Year: Energy Markets – Bloomberg