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Top Stories Telecom Report: China growth in 3G subscriptions easing China’s three telecom operators reported weaker subscriber additions in April for the key 3G segment, though whether the drop marked a trend remained uncertain.
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.
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May 22, 2012 4:08 AM EDT
The GDP report had all of the excitement to warrant top billing for the week. However, the details will let you draw from it what you want. I think it was a bit of a disappointment, as the strength came from areas that were contradictory to the regional Fed data for that time period. Let’s start with the headline number, up 2.4%. That pretty much was in line with the 2.5% to which the consensus had drifted. The shocker was that the first quart... full story >>