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Alibaba’s Ma, Tsai boost buyback with $500mn

BEIJING / Bloomberg Alibaba Group Holding Ltd. Chairman Jack Ma and Vice Chairman Joseph Tsai will bolster the company’s share buyback as they agreed to spend $500 million of their own money purchasing stock in a vote of confidence for the e-commerce operator. The billionaire co-founder and his lieutenant will bankroll the purchase of shares currently trading at $66.91, Alibaba ...

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Nissan shares skyrocket on share buyback

Tokyo / AFP Nissan shares soared on Monday as investors cheered the automaker’s plans for a share buyback, after the bloodbath on equity markets at the start of the year hammered its stock. Japan’s number two automaker said after the Tokyo market closed on Friday that it would purchase up to 400 billion yen ($3.5 billion) worth of its own ...

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Scottish leader making case in London to stay in EU zone

LONDON / Bloomberg Scottish First Minister Nicola Sturgeon is urging all of Britain to vote to stay in the European Union in June’s referendum as proponents of quitting the bloc argue that the U.K. would be better off economically if it breaks away. Sturgeon made her case in a speech Monday morning in London. The Scottish National Party leader told ...

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