The European Central Bank will spell out the scale of economic malaise facing the euro zone after it meets on Thursday under growing pressure to take dramatic action to prevent the bloc going into reverse.
Tags: China
Wall St. slips after Japan, China data; energy drags
U.S. stocks dipped on Monday, after soft data in China and Japan raised global growth concerns, while a further drop in oil prices weighed on energy shares.
Alipay says mobile deals grow to over half of transactions in year to October
The share of mobile transactions on Alipay, the online payment platform affiliated with Alibaba Group Holding Ltd, jumped to 54 percent of all transactions in the first 10 months of the year from 22 percent during the whole of last year, the company said.
Chinese Internet regulator welcomed at Facebook campus
Lu Wei, China's top Internet regulator, may not welcome Facebook to his house, but he's certainly welcome at Facebook. Lu, the minister of China's Cyberspace Administration, recently toured the campuses of U.S. tech giants Facebook Inc, Apple Inc and Amazon Inc, according to a report and pictures posted on a Chinese government website on Monday.
Italy downgrade casts gloom over euro zone
European stocks and government bonds dipped on Monday as weak data from Asia, a rating downgrade for Italy and the slump in oil prices stoked concerns about global growth.
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Asian stocks rose on Thursday amid fresh signs of resilience in the U.S. economy, while the euro wallowed near two-year lows before a much-anticipated European Central Bank meeting that could open the door to more stimulus.
The euro zone economy may face another contraction after business activity grew less than expected in November despite heavy discounting, surveys on Wednesday showed, although Asian readings were more upbeat.
China's Shanghai Electric Power (600021.SS) said on Wednesday it was in preliminary contact with top German utility E.ON (EONGn.DE) over the possible purchase of its Italian assets.
China's services sector grew slightly faster in November, two surveys showed on Wednesday, a welcome respite to a run of underwhelming data but still unlikely to allay concerns about the softening Chinese economy.
Iranian hackers have infiltrated some of the world's top energy, transport and infrastructure companies over the past two years in a campaign that could allow them to eventually cause physical damage, according to U.S. cyber security firm Cylance.
Samsung Electronics Co Ltd agreed to sell its fibre optics operations to U.S. specialty glass maker Corning Inc, exiting another non-core business to focus on shoring up underperforming key areas like smartphones.
Chinese billionaire Guo Guangchang is set to sweeten his bid for the struggling French holiday group Club Mediterranee (CMIP.PA) to trump Italian tycoon Andrea Bonomi's offer in France's longest-running takeover battle.
China plans to tender again for Mexico's $3.75 billion high-speed rail project after the Latin American nation abruptly canceled its earlier win, one of the firms in a Chinese-led consortium that had bid and a source close to the bid said.
Gold prices tumbled on Monday after Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum, joining the broad rout in commodities that sent oil prices to five-year lows and copper to four-year lows.
