- 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
NetEase is the second Chinese company to launch a secondary listing in Hong Kong. It is unlikely to be the last.
What's the plan? It's anybody's guess, which is really, in the end, what matters.
Scrutiny of overseas listings and corporate purchases by Chinese companies is set to intensify.
Other places besides the United States are flashing green, and they can surprise us -- even give our international companies a boost.