Bloomberg Business

Australia’s rapid shift from coal-fired power to cleaner alternatives is underwriting a boom in battery projects able to store solar and wind energy.

BNP Paribas SA plans to move the majority of its Hong Kong staff out of offices in the city’s central business district as the lender looks to cut costs and adjust to the post-Covid era, according to people familiar with the matter.

Australia’s central bank has a “completely open mind” about its April policy meeting and will be guided by key economic data on whether to raise interest rates further or pause tightening, Governor Philip Lowe said.

Standard Chartered Plc., which was among the most bearish forecasters for the Indian rupee over the past couple of years, is turning more upbeat on the currency amid an improvement in the nation’s trade deficit and a softer dollar.

An International Monetary Fund loan for Ethiopia is “definitely back on the table,” according to S&P Global Ratings, a key step to restart the Horn of Africa nation’s delayed debt-restructuring plans.

Germany may set a dangerous precedent by challenging a European Union agreement to phase out new combustion-engine cars starting in 2035, a Spanish deputy prime minister said.

(Bloomberg) — Andy Haldane, who was once the most hawkish member of the Bank of England’s rate-setting committee, said officials should move more carefully in raising interest rates again and think about taking much longer to reach its inflation target.

Investcorp Holdings, the Middle East’s biggest alternative asset manager, is considering listing an investment vehicle in Abu Dhabi, in what would be the region’s first such initial public offering.

One of Hong Kong’s leading broadcasters, Television Broadcasts Ltd., saw its shares almost double after its stars began selling products on the Alibaba-backed Taobao online platform.