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Top Stories Asia Markets: Asia stocks rally, with resource, tech shares up Asia stocks rally, tracking overnight gains in the U.S., with many indexes up 1% or more as resource and tech shares help lead the advance. Currencies: Dollar edges back up as euro slips The dollar resumes a path higher on Tuesday after taking a leg down in the prior session. Bill Mann's Canada: Canadian Pacific proxy fight a turning point The stockholder showdown at Canadian Pacific Railway’s annual meeting, which led to the ouster of the railroad’s top two execs, marked an important turning point in the way Canadian corporate board members are likely to deal with impatient stockholders, especially the major ones. Where the stock and bond bargains are hiding Both the safest and the riskiest assets are overbought. Jack Hough hunts for the best deals in the middle. See All Top Stories >> |
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Who didn’t know that China was making a concerted effort to slow its rapid and unsustainable growth? Second quarter GDP rose 10.3%, a rate envied by the rest of the world, but down from 11.9% in Q1. Expectations were for 10.5%, so growth was slower than expected, but China has been taking steps to curb growth, so no surprise. European markets started out mixed, although they weakened following the US open. The early stability was due to a succ... full story >>