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NEW YORK: U.S. stocks climbed on Monday, with the S&P 500 bouncing from its worst weekly drop in the past seven, as concerns eased over the situation in Crimea, while economic data indicated the economy was improving after a winter slowdown.
Japan's Nikon Corp has moved to allay consumer fears in China after being criticised on a closely watched consumer show that said the camera maker had sold defective products in China and denied local consumers fair treatment in aftersales service.
SHANGHAI: Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a US initial public offering that could value the firm at around US$140bil.
HONG KONG: Chinese e-commerce giant Alibaba Group Holding Ltd has decided to hold its long-awaited IPO in the US and is in discussions with six banks to underwrite the deal, in what is set to the most high-profile public offering since Facebook Inc's listing nearly two years ago.
BEIJING: China's central bank governor said on Tuesday that the country's deposit rates are likely to liberalised in one to two years – the most explicit timeframe to date for what would be the final step in freeing up banks to set their own interest rates.
China will trial a new value-added tax for telecommunication services providers as a replacement for business tax, Premier Li Keqiang said at the opening of the annual meeting of parliament, a change which could hit the companies' profits.