Alibaba buys 18% stake in Sina’s Weibo
Internet giant Alibaba has bought an 18 percent stake in Twitter-like Weibo.
Chinese manufacturing growth slows in April
China’s April manufacturing PMI, released by HSBC, slowed in April, adding to concerns about the country’s economic recovery.
Vettel wins Bahrain GP
Red Bull’s Sebastian Vettel won the Baharain Grand Prix on Sunday, his second win in four races this year.
Japan recovery “few years” away warns Finance Minister
Japan’s Finance Minister Taro Aso has warned that economic recovery is at least a “few years” away and it may take longer than the targeted two years to reverse the country’s deflation.
Burberry sales up 9% on Chinese demand
Iconic British fashion group Burberry says sales jumped nine percent in the second half of its financial year thanks to a rise in Chinese demand for its products.
Glencore Xstrata deal gets Chinese approval
China has approved commodities trader Glencore’s $64 billion merger with mining group Xstrata.
Hertz partners with China Auto Rental
Car hire firm Hertz has agreed a deal to buy a 20 percent stake in China Auto Rental, as it looks to expand its presence in China.
Boston ‘terror’ blasts injure 140, three dead
Two explosions near the finishing line of the Boston Marathon have left three people dead and more than 140 injured.
Asia markets tumble following Boston blasts
Stock indexes across Asia have fallen after two explosions at the Boston Marathon finish line on Monday unnerved investors, adding to the negative tone in Asian trade.
South Korea plans 17.3tln won stimulus package
South Korea has unveiled a 17.3 trillion won stimulus plan designed to boost its economy and growth prospects, its Finance Ministry said on Tuesday.
