EU and IMF agree to release funds, relieve Greek debt; Monsanto rejects Bayer offer but courtship continues; SEC probes Alibaba; PBOC lowers yuan peg; Tiffany results bad news for luxury market.
Growing confidence about Europe and U.S. contrasts with rising strains in emerging markets; all eyes are on China to see if authorities can steady markets.
Athens has yet to demonstrate that it can fulfill its reform promises, while France and Germany continue to skirt the ambiguity at the heart of monetary union.
