A typically routine forum for trade talks between China and the European Union this weekend becomes a high-stakes test of an economic relationship involving more than $900 billion in bilateral commerce.
Rio Tinto Group has halted some work on an iron ore mine in Western Australia after an Indigenous rock shelter was damaged, three years after the company faced executive exits and public anger over the destruction of the Juukan Gorge caves.
Just 30 people bought 8,000 homes in South Korea over the past five and half years, despite the government’s efforts to curb demand for multiple home ownership.
A hedge fund manager who made a name for himself shorting fossil fuel stocks says the strategy is no longer viable, as oil’s ascent proves too strong to fight.
Asian diesel prices climbed after Russia’s surprise export ban, even as a host of market watchers said the curb would soon be lifted.
The yen dropped and shares trimmed losses after the Bank of Japan kept its ultra-loose monetary policy unchanged, removing any immediate risk of a surprise pivot that would trigger a rally in the currency.
Mitsui & Co. and Northland Power Inc. will invest in a 960 billion yen ($6.5 billion) offshore wind project off Taiwan’s east coast that will generate enough electricity for 1 million households.
The Swiss National Bank’s decision to halt monetary tightening has capped the franc’s rally and rekindled talk about exploiting the growing difference in borrowing costs in Switzerland and other markets.
An active volcano south of the Philippine capital Manila has spewed steam plumes and covered surrounding areas with smog, prompting authorities to suspend schools in nearby cities and urged people to stay indoors or wear masks.
Treasury 10-year yields rose above 4.5% for the first time since 2007 as a more hawkish Federal Reserve adds to concern the bonds face a toxic mix of large US fiscal deficits and persistent inflation.
