Bloomberg Business

Coal cargoes unwanted in Europe are heading to Asia, where utilities are stockpiling the fuel amid sweltering temperatures heading into the summer.

(Bloomberg) — Hong Kong has hired banks for what would be the government’s third green-debt sale this year, part of the city’s push to be a sustainable-financing hub.

Two surveys suggest China’s manufacturing sector improved or at least stabilized in May compared with the previous month, providing some respite following signs of a slowdown in the economy’s recovery.

A crypto entrepreneur whose business in China was upended by a regulatory crackdown considers his experience to be a cautionary tale for companies attracted by Hong Kong’s push to create a digital-asset hub.

Indonesia’s largest taxi operator will turn to BYD Co. for 80% of its electric-vehicle fleet while reviewing its Tesla Inc orders as lower-cost models win out in the country.

Australian approvals to build new homes tumbled to the lowest level in 11 years, driven by fewer permits for apartment buildings, suggesting weak residential property investment will continue to drag on the economy.

The world’s largest solar manufacturer slashed prices for a key component as growing capacity in the sector intensifies cost competition.

Namibia is considering taking minority stakes in mining and petroleum production companies amid increasing concerns over local ownership of valuable resources.

Chinese President Xi Jinping called on top officials to increase efforts to build a “high quality” education system that has greater global influence.

Though Chinese issuers’ offshore bond defaults have slowed from last year’s record pace, they are making up an even-bigger portion of missed payments as borrowers focus on meeting domestic debt obligations.