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The 13 per cent rally in the Standard & Poor's 500 Index has lifted the gauge to its highest level ever compared with strategists' forecasts, indicating that U.S. stocks may have nowhere to go but down.

CEO bonuses disappearing down under
Qantas' CEO is the latest Aussie executive to forgo bonus payments as investor frustration over poor share price performance increases.

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Peregrine CEO pleads not guilty
Russell Wasendorf Sr., chief executive officer of failed futures brokerage Peregrine Financial Group, pleaded not guilty to lying to federal regulators on Friday.

Italian PM says end to euro crisis approaching
Mario Monti said on Sunday the end of the economic crisis in his country was in sight.

Japex delays Canada oil sands investment decision
Japan Petroleum Exploration has pushed back a final investment decision on its Hangingstone oil sands expansion project to the end of this year.

Goldman Sachs says buy Europe, sell America
A Goldman Sachs analyst makes the contrarian case for a European recovery.

Pop quiz: What do you know about Glass-Steagall?
Five myths about the Glass-Steagall Act and its role in the financial crisis.

China's economy is growing (the wrong way)
Hard landing talk continues as property prices continue to creep upwards.

The case for leaving the banks alone
(Video): Correspondents from The Economist discuss the challenges involved in splitting up universal banks.

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Boozy merger brewing
Diageo PLC is reportedly set to acquire Jose Cuervo tequila for as much as $3-billion.

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