- China March PMI Rebounds to 55.1
It was the 13th straight month that the official PMI has stood above the threshold of 50 that demarcated expansion from contraction.
- Moody's Downgrades Five Greek Banks
Moody's credit rating agency downgraded five Greek banks on Wednesday, saying their finances will suffer from the effects of the country's public debt crisis
- Rio Tinto Sacks Convicted Executives
Rio is eager to steer clear of the bribery by sacking convicted executives; the Australian government stressed it will not cause adverse impact on the two countries' relation.
- Sinopec to Acquire Angolan Oil Assets
Sinopec will acquire deep-water oil assets in Angola by buying a 55 percent stake from its parent company for 2.46 billion U.S. dollars.