After record IPO, Alibaba eyes first bond sale

By Danielle Robinson NEW YORK (IFR) – Chinese e-commerce giant Alibaba will sound out investors next week in Asia, Europe and the US as it mulls its first bond ever, just two months after the company's record-breaking IPO. Alibaba, which this week logged US$9 billion of sales on a single day, will kick off a roadshow in Boston and Hong Kong on Monday for what will surely be one of the most sought-after bond offerings of the year.

Read more

EU mulls conferring binding powers on body of data privacy regulators

By Julia Fioretti BRUSSELS (Reuters) – A new body of European data protection authorities could have the power to adopt legally binding decisions in cross-border disputes over a company’s misuse of personal data, according to a draft document seen by Reuters. Under a mechanism originally proposed in reforms of Europe’s data protection laws, businesses operating across the 28-nation European Union would have to deal only with the data protection authority in the country where they are headquartered – even if alleged mishandling of data affects citizens in another country.

Read more