World Business News

US internet company Yahoo said it has reached a deal to sell part of its stake in the Chinese e-commerce firm Alibaba Group.

A growing chorus of world leaders on Friday pushed for a shift toward more pro-growth policies to help ease a European crisis that threatens to oust Greece from the euro zone and reverberate throughout the global economy.

Facebook Inc priced its initial public offering at $38 a share, giving the world's No. 1 online social network a $104 billion valuation in the third largest offering in US history.

Supportive global and domestic cues are likely to take the markets higher in trade today. On Tuesday, Asian markets gained ground as sentiment improved on hopes Spain would use public funds to bolster its struggling banks, although wariness remained over Greece.