Bloomberg Business

Cut adrift from Europe, its biggest customer, the gas sector needs to find new markets. A $6.6 billion fall in state revenues from the industry points to the economic cost of the war in Ukraine.

Swire Pacific Ltd. has become the second notable Hong Kong company to announce plans to offload assets in as many days as part of efforts to reduce debt in the face of rising borrowing costs.

China is on track to almost double its wind and solar capacity by 2025 and blow past the country’s clean power target five years early, according to Global Energy Monitor.

Foreign borrowers are raising a record amount of yuan debt in China, as lower interest rates and looser rules boost the appeal of a market designed to help internationalize the nation’s currency.

Bank of Japan Governor Kazuo Ueda suggested it’s possible to start normalizing monetary policy if the BOJ becomes confident inflation will pick up next year.

Coal and natural gas production hubs in Australia, one of the top exporters of the fossil fuels, should diversify their economies and can’t rely on potential new industries such as green hydrogen to preserve jobs, according to a study.

Australian retail sales climbed more than expected in May, suggesting that household spending remains resilient in the face of rising interest rates and cost of living pressures.

China stepped in to support the yuan for a third time this week, once again signaling a limit to its tolerance for weakness in the currency.

The Biden administration’s proposal to crack down on vehicle pollution with strict new tailpipe emission limits isn’t reasonable or achievable by a 2032 deadline, according to the biggest auto industry trade group in the US.

US Treasury Secretary Janet Yellen said one of the reasons she hopes to travel to China is to establish contact with “a new group of leaders” as she reiterated calls for the world’s two largest economies to work together on crucial global challenges.