Alibaba Group Holding Ltd is launching a cloud computing hub in Silicon Valley on Wednesday, the e-commerce giant's first outside of China, underscoring its global ambitions in the face of stiff and entrenched competition.
Asia/Pacific
China tries to ditch its coal addiction, reduce energy intensity
China will boost efforts this year to rid itself of a strong addiction to coal in a bid to reduce damaging pollution as well as cut the energy intensity of its economy, which is expected to grow at its lowest rate in 25 years.
Citigroup sells stake in Turkey's Akbank for $1.2 billion
Citigroup (C.N) has sold its nearly 10 percent stake in Turkey's Akbank (AKBNK.IS) for $1.2 billion, the U.S. lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits.
Malaysia's 1MDB to be dismantled under debt plan - sources
Malaysia's indebted and controversy-ridden state investor 1MDB will be left as a skeletal structure and possibly dissolved under a debt repayment plan in which most of its assets will be sold, sources with direct knowledge of the matter said.
Asia stocks slip, euro hits 11-year low before ECB
Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday's closely-watched U.S. jobs data, while the nervous euro languished at an 11-year low prior to the European Central Bank's policy meeting.
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Brent crude oil prices rose more than a dollar to above $60.50 a barrel on Tuesday, tracking firmer Asian markets, but analysts warned the market remained oversupplied.
China's loans to Sri Lanka were made based on consensus through talks between the two countries and at Sri Lanka's request, the Chinese Foreign Ministry said on Monday, after Sri Lanka's foreign minister expressed concern about the loans.
Global stimulus is swelling, with China cutting interest rates ahead of disappointing factory data and the European Central Bank set to start government bond purchases just as data hints the euro zone economy may be picking up.
China's slowing economy will be at the forefront as parliament convenes for its annual meeting this week, with a weekend interest rate cut a reminder of the challenge of balancing painful restructuring with combating the onset of deflation.
Asian stocks got off to a steady start on Monday as soft U.S. data was partially offset by a weekend interest rate cut by China, while the dollar hit a five-week high against the euro.
Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones featuring a slim body made from aircraft-grade metal, in a bid to reclaim the throne of undisputed global smartphone leader from Apple Inc.
Hours after China's central bank cut interest rates to battle slowing growth and rising deflationary risk, an official survey showed on Sunday that activity in China's factory sector contracted for a second straight month in February.
NTT Communications Corp is in talks to acquire German data center provider e-shelter for about 100 billion yen ($836 million), according to a source familiar with the matter.
Bank of Japan Governor Haruhiko Kuroda defended his two-year timeframe for achieving his ambitious inflation target, warning that adopting a relaxed approach to the deadline would undermine efforts to break the country out of the shackles of deflation.
