Market news: Asia media round-up

Japan suffers its first annual trade deficit since 1980, although exports show signs of recovery, rising in March for the first time in 10 months. The IMF revises down its forecasts for the global economy, and Thailand’s central bank trims its own economic outlook. Separately, Hong Kong’s Court of Appeal effectively blocks a proposed buyout of telecoms company PCCW by Richard Li and China Unicom.