- 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
An IPO on U.S. markets is in the cards if a proposal to form TikTok Global wins approval in Washington and Beijing.
Momentum and trend are key with this type of stock, so it is essential we see that continue.
Let's review how our strategy has been working out.
TikTok tries to satisfy the Gordian Knot of Trump push and Chinese pull through partnership deal with Larry Ellison's Oracle.