President Xi Jinping failed to attend a business forum in South Africa where he was expected to deliver a speech defending China’s economy and its support for emerging markets, as fears mount that the Asian nation’s struggles could cause global turbulence.
China vowed to take “necessary steps” to safeguard food safety and the marine environment after Japan set a date to begin flushing treated nuclear wastewater from the Fukushima site into the Pacific Ocean.
Gas infrastructure operator APA Group has agreed to a deal for Alinta Energy Pty. Ltd.’s power networks in Australia’s mining heartland worth A$1.72 billion ($1.1 billion), including debt.
President Joe Biden’s security pledges with once feuding neighbors Japan and South Korea at historic talks bolstered US military power in Asia. That’s made China look increasingly isolated in its own backyard.
Australia is considering appointing an outsider as the new deputy governor of its central bank, as an overhaul of the institution gets underway.
Cathie Wood bought more of Zoom Video Communications Inc. as the stock fell Tuesday in the wake of the video-conferencing company’s results.
Shares of Chinese companies listed in Hong Kong are trading at a growing discount to their mainland peers, according to the AH Premium Index, which tracks the price difference between the largest shares listed in both markets.
US Commerce Secretary Gina Raimondo will travel to China next week, making her the fourth cabinet-level official to visit since June as the US seeks to sustain high-level contacts despite strains over Taiwan and US plans to limit some exports.
An unexpectedly large decline in New Zealand retail sales suggests gross domestic product may be weaker than anticipated.
China’s stuttering economy is now the biggest threat to global commodities demand, as economic activity and credit flows in the world’s top buyer deteriorate sharply and put Beijing’s modest growth targets at risk.
