Standard & Poors, the rating agency cut the credit ratings of China from Stable to Negative, noting that the economy’s rebalancing would take longer than previously anticipated.
[Bloomberg] Yellen Outsources U.S. Monetary Policy to the Financial Markets
[Reuters] SandRidge eyes bankruptcy, restructuring in U.S. shale bust
[CNBC] Family spending is stretching budgets
[Bloomberg] China’s Big Three Airlines Take $2.5 Billion Currency Hit
[Bloomberg] Top Chinese Banks Cut Dividends as BOC Head Bemoans New Normal
[Reuters] U.S. says it will not recognize South China Sea exclusion zone
[Bloomberg] Yellen Spurs Global Stock Rally as Oil Rebounds, Dollar Tumbles
[Bloomberg] Japan’s Industrial Output Falls as Weak Exports Sap Demand
[Bloomberg] Yellen’s Stop Sign Sends Greenback to Worst Month Since 2011
[NYT] Simmering for Decades, Anger About Trade Boils Over in ’16 Election
[WSJ] Another Condo Bust Looms in Miami
[MarketWatch] Venture-capital firms raising money at highest rate in more than 15 years
[CNBC] Illinois’ epic budget fail sets a dubious record
[Bloomberg] Rousseff Approval Near Lows as Impeachment Vote Looms in Brazil
[Bloomberg] Brazil Posts Largest Budget Deficit for February Ever
[Bloomberg] China Oil Giants Take Spending Cuts Deeper as Profits Shrink
[Bloomberg] Red Flag Rising for India Finances as Migrant Remittances Shrink
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