- China's economic growth slowed down to a six-year low, the latest data show. Gross domestic product grew by an annual 7% in the first quarter, with expansion slowing from 7.3% in the fourth quarter of 2014, China's statistics bureau said. The figure matched the median forecast in a Reuters poll, but analysts said it seemed at odds with data on the components of growth.
- Nokia (NOK) agreed to buy Alcatel-Lucent (ALU), in a deal that values the French company at 15.6 billion euros ($16.6 billion).
- The world's biggest food company, Swiss giant Nestle, is in exclusive talks to sell its frozen food unit Davigel to Brakes Group, owned by buyout fund Bain Capital. Nestle said two years ago it was seeking to divest underperforming business.
- Shares in a Hong-Kong listed affiliate of Alibaba (BABA), Alibaba Health, nearly doubled after Alibaba announced it was merging its online pharmacy operations into it, in a $2.5 billion deal.
- Democrat presidential candidate Hillary Clinton slammed executive pay and taxes on Tuesday, saying it was unfair that hedge fund managers had smaller tax rates than nurses or truck drivers.
More from China
The police in Hong Kong are being encouraged to crack down harder and harder on pro-democracy demonstrators that Beijing dubs "terrorists." Cracking down is not working.
Here are my views on topics including interest rate risks, events in Europe that could push European yields higher and the ongoing trade talks between Washington and Beijing.
Fresh off the excitement of Singles Day, JD is the stock that appears a better play right now, as it's finding niche spots to fill in logistics and housing.
Compared with prior Singles Day events, Alibaba got a bigger sales lift this year from 'lower-tier' Chinese cities, and saw stronger promotional activity from big brands.