China Reopening Sends Australian Mining Stocks Near Record High
A gauge of Australian mining shares is honing in on an all-time high amid bets that China’s reopening will boost demand for commodities.
Bloomberg Business
China Factory Deflation Ebbs Despite Disruption Caused by Covid
China’s factory-gate deflation narrowed last month even as rising virus infections snarled factory operations, while a small uptick in consumer inflation will likely still leave the central bank room to ease policy and bolster the economy.
Euro Bulls See US CPI Data as Catalyst for Push Toward $1.10
The euro’s rally against the dollar has stalled over the past month at resistance around its May high. Bulls are hoping Thursday’s US inflation data will provide enough ammunition for it to breach that barrier and resume its progress toward $1.10.
Australia’s Albanese Pushes Defense Ties in Papua New Guinea
Australian Prime Minister Anthony Albanese used a historic address in Papua New Guinea to call for a “swift conclusion” to negotiations over a bilateral security agreement, in the latest move by Canberra to counter Chinese influence in the Pacific.
Apollo Future Mobility to Buy China EV Maker for $2 Billion
A unit of Apollo Future Mobility Group Ltd. will buy Chinese electric vehicle maker WM Motor Holdings Ltd. for $2.02 billion, according to a statement to the Hong Kong stock exchange.
China’s BYD Plans Push Into India’s Burgeoning EV Market
(Bloomberg) — Chinese carmaker BYD Co. is planning a bold push into India’s electric car market, joining a rush of foreign carmakers jockeying for a bigger share of the world’s fourth-biggest auto market.
Biden’s Classified-Document Headache Worsens With Second Batch
Joe Biden’s efforts to quell a controversy over classified documents in his private possession became more difficult after aides discovered a second set, a development that will intensify scrutiny of the president.
First Lady Has Surgery to Remove Two Cancerous Skin Lesions
First lady Jill Biden had surgery Wednesday to remove three skin lesions, at least two of which were cancerous, according to a memo from the White House physician.
Tesla Falters in Bid to Kill California’s Workplace Racism Suit
Tesla Inc. failed to derail a lawsuit by the California Civil Rights Department accusing the company of engaging in a pattern of racial harassment and bias at its main factory.
Bain Capital Invests in Towngas Biomass Firm EcoCeres
Bain Capital has made a significant equity investment in EcoCeres Inc., a biomass company majority owned by Hong Kong & China Gas Co., as the private equity firm seeks to boost its sustainable investing strategy.
