BHP Group Ltd., the world’s biggest miner, is entering a joint venture with Chinese steelmaker HBIS Group Co. to test carbon capture technology that it says could reduce emissions from heavily-polluting mills.
Chinese car dealers are struggling to stay afloat after efforts to clear gasoline-fueled cars before tougher emissions standards come into force later this year were upended by a bruising price war.
China’s embattled real estate developers are flocking to a field of business that they derided a decade ago, as the country’s worst housing downturn dries up cash and income.
Sinopec plunged in Hong Kong trading after earnings missed estimates as the impact of Covid curbs on fuel demand slashed profit from the producer’s flagship chemicals and refining unit.
Profits at industrial firms in China plunged in the first two months of the year as factories had yet to fully recover from a Covid-induced slump and prices continued to decline.
Hedge funds boosted their bearish bets on the yen to a nine-month high last week, just as the traditional haven regained buyers amid the global banking crisis.
Saudi Aramco and its Chinese partners will start building a huge refining and petrochemical complex in the Asian nation, accelerating a development that was paused during the pandemic.
As Art Basel returns to Hong Kong on a full-fledged scale after years of disruptions, a major gauge of success for the art fair will be how much wealthy collectors from mainland China spend as they travel once again after Covid restrictions ended.
China’s banks can prove they remain on solid ground this week with the release of results, as their global counterparts continue to reel from the fall of Credit Suisse, whose takeover by UBS Group AG rendered 16 billion Swiss francs of AT1 debt virtually worthless.
Thai stocks linked to domestic consumption are set to be key beneficiaries as political parties pledge to unleash $92 billion of stimulus heading into a May 14 general election.
