Bloomberg Business

Some of China’s biggest banks lowered rates on a range of deposit products, responding to the government’s call for help in boosting growth in the world’s second-largest economy.

Despite scorching heat boosting power demand as fans and air conditioners get switched on, Chinese coal hasn’t been this cheap in over two years — and it could get even cheaper.

Investors look set to pile into the copper market on an unprecedented scale in the next few years as usage surges in electric vehicles and renewable energy, according to Citigroup Inc.

Eisai Co. and Biogen Inc. moved closer to full US approval for their Alzheimer’s drug Leqembi after the Food and Drug Administration posted documents indicating it sees no barriers to clearance, setting the product up for likely government health-plan coverage.

Donald Trump’s legal team has been notified by the Justice Department that the former US president is a target in a federal investigation into the handling of classified documents, according to a person familiar with the matter.

A mall in Hong Kong’s premier shopping district of Tsim Sha Tsui rented three floors to a dining and entertainment group for almost $900,000 a month, the biggest lease by size and value since the pandemic ended, according to a report.

China’s economic recovery showed further signs of weakening in May, clouding the outlook for the rest of the year and fueling calls for more central bank stimulus.

Japan’s economy expanded at a faster pace than initially estimated as businesses ramped up spending, a largely positive development for Prime Minister Fumio Kishida amid ongoing speculation he may call an early election.

Just as China’s credit market is set to receive a policy boost after a dismal start to the year, a unit of one of the country’s biggest brokers is fleeing the asset class to seek returns in the US instead.

The disgraced former crypto titan Do Kwon may spend most of his life behind bars, first in his native South Korea and then in the US, according to a scenario laid out by a senior prosecutor in the Asian nation.