(Bloomberg) — The People’s Bank of China hinted Monday it will keep monetary policy supportive, prompting expectations it may cut the reserve requirement ratio for banks or lower interest rates in coming months.
Liquefied natural gas exporters aim to advance multibillion-dollar projects and revive the sector’s growth in Australia, arguing additional fossil fuel supplies are needed to support Asia’s energy transition.
Alibaba Group Holding Ltd.’s e-commerce division will make “huge” investments in its Taobao shopping app, as the newly created arm seeks to ward off competition from social media platforms.
California Governor Gavin Newsom approved $150 million in interest-free loans to help financially struggling hospitals, as he seeks to revive a multi billion dollar tax on health care providers, also intended to bolster hospitals.
The Asia-Pacific market for Additional Tier 1 securities is rebounding from a global selloff sparked by the collapse of Credit Suisse Group AG, as Commonwealth Bank of Australia becomes the latest to plan an offering.
Australia’s consumer confidence tumbled in May after the Reserve Bank unexpectedly raised interest rates and the government handed down a budget that households found “mildly disappointing.”
New Zealand looks likely to remain the sole OECD nation without a monthly inflation report for some time to come.
The US is soliciting bids for up to 3 million barrels of sour crude oil to refill its depleted Strategic Petroleum Reserve.
Japan’s biggest banks are predicting their highest profits in years, though a cautious outlook is holding them back from returning surplus capital to shareholders.
Years of delay to plans for Japan’s first casino resort won’t have an adverse effect on the project in the long run, Osaka Governor Hirofumi Yoshimura said, as the facility looked set to open in 2030.
