Asia News
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Global stocks rebounded from the worst week since September and commodities snapped a three-day drop as China signaled it would support the economy and German and French officials said they would work to keep Greece in the euro. Treasuries, gold and the yen fell.
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Alibaba Group Holding Ltd., China’s largest e-commerce provider, agreed to repurchase about a 20 percent stake in itself from U.S. Web portal Yahoo! Inc. for about $7.1 billion ahead of a potential initial public offering.
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Thailand’s economy unexpectedly expanded in the first quarter as factories resumed production and domestic consumption revived after last year’s floods. The baht rose.
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Singapore’s stock exchange approved Formula One’s plan to raise as much as $3 billion in an initial public offering in the city-state, three people with knowledge of the matter said.
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