Asian stocks rose for a third day, with the benchmark index heading toward a five-year high, after China’s trade expanded more than economists estimated. The New Zealand dollar weakened as the Korean won and metals gained.
Five of the ten best-paid finance chiefs last year work in the technology industry, as executives at companies from Apple Inc. to Google Inc. were rewarded for increasing profit, amassing cash and minimizing taxes.
Japan’s Topix Index advanced for a second day to its highest since September 2008 as Tokio Marine Holdings Inc. led insurers higher on earnings. Shares extended gains after China’s export growth unexpectedly accelerated.
Emerging-market economic growth was probably the weakest since September 2011 last month as global demand for manufacturing and services declined, HSBC Holdings Plc said, citing a survey of purchasing managers.
Wal-Mart Stores Inc.’s board, as it prepares for new leadership at the company, has identified two internal candidates to succeed Chief Executive Officer Mike Duke, according to a person familiar with the situation.
Global stocks rose, with the Dow Jones Industrial Average closing above 15,000 for the first time, as earnings at companies from Societe Generale SA to DirecTV and Allianz SE beat estimates and German factory orders increased. Australia’s dollar fell as the central bank cut interest rates.