China+1

George Gutowski submits:

Bombardier (BDRAF.PK) ran into some geopolitical problems with CSR Zhuzhou Electric Locomotive Co. Ltd (ZHUZF.PK) threatening legal action unless the new Montreal Metro contract was re-opened for bidding. They have promised to build locally in Montreal. ...Read more »

Stocks and commodities shot higher after the close of trading in Europe, on talk that the EU is getting closer to writing a check to Greece. Here’s what Dow Jones is reporting:

Euro zone countries have decided in principle to help Greece, with aid most likely to come in the form of “bilateral help,” an unidentified senior person in Germany’s ruling coalition said Tuesday, Reuters reports.

No decision has been made, the source said. “The decision on help for Greece has been taken in principle within the euro zone,” the official was quoted as saying. ...Read more »

The S&P 500’s pullback off mid-January highs is sharpest since index bottomed in March. Bespoke Investment Group points out 305 stocks, or 61% of the index, are oversold — highest percentage since March, with only 25 overbought. And nine of the 25 names are consumer discretionary, “so the market seems to be giving the consumer a lot more credit today than it was a year ago,” firm says. Additionally, three overbought stocks are homebuilders. ...Read more »

Edward Harrison submits:

Given my post on Jim Rogers’ doubting Chanos’ knowledge about China, I thought it appropriate to post the latest Chanos interview on the China property bubble. ...Read more »

Market watchers in the blogosphere and the printosphere are all trying to make sense of China Investment Corp.’s SEC filing outlining some equity ownership stakes of the $300 billion sovereign wealth fund. The Journal had this to say: ...Read more »