Morning in brief: Markets mixed after China data, Sony names incoming head
Improving factory data from China fails to significantly lift the markets, while Disney buys one of India’s biggest media businesses.
Global asset markets display mixed trading as the London session begins. Better-than-expected Chinese manufacturing data is offset by downbeat corporate earnings numbers, according to the Financial Times.
Sony confirms that Kazuo Hirai will replace Howard Stringer as president and chief executive officer on April 1 as the Japanese conglomerate struggles with its falling share price, Bloomberg reports.
Disney agrees to buy a controlling stake in Indian media company UTV for an undisclosed sum as the entertainment giant seeks to expand its presence on the subcontinent, according to the BBC.
Poul Thomsen, the head of the IMF’s inspection team in Greece, tells the Kathimerini newspaper that the country needs to slow down its deficit reduction and speed up structural reform, Reuters says.