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Argentina GDP revamp stuns bond traders and investors

Bloomberg President Mauricio Macri of Argentina has become a market favourite by undoing many of the heavy-handed policies of his predecessor. But now some bond analysts say that he’s taking a page out of her playbook. Last week, the government said it will change the way it measures the economy, sparking concern that holders of warrants tied to Argentina’s growth ...

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CIBC’s good performance bests Canadian Bank peers

Bloomberg Victor Dodig’s overhaul of Canadian Imperial Bank of Commerce is paying off. Total returns and profitability at the former underdog of Canadian banking are top among its peers and its dividend yield is the fattest of the nation’s five largest lenders. With the bank’s domestic operations sharpened, the chief executive officer is on the hunt for a US acquisition ...

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Donald Trump attacks Cruz amid home crowd cheers in New York

Bethpage / AFP Donald Trump attacked his insurgent Republican rival Ted Cruz and ignored his crushing defeat in Wisconsin, electrifying thousands of passionate supporters at a home state rally in New York. “It’s great to be home,” the 67-year-old Manhattan tycoon told a fist-pumping, cheering crowd at Grumman Studios in the Long Island town of Bethpage, where Apollo Lunar Module ...

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