Rio said it would invest $1.3bn to develop the Pilbara mine and hold a 54% stake, while state-owned China Baowu will hold 46% and invest $700 million

Economy Minister Robert Habeck, of the Greens, said on Tuesday he was leaning towards not allowing the deal, which would give China a stake in critical German infrastructure.

The Bank of Japan conducted a rate check on Wednesday, in possible preparation for currency intervention, Nikkei reported. The yen has falled around 20% so far this year.

The storm, moving in a northwesterly direction in the East China Sea, is expected to make landfall later on Wednesday near Zhoushan port, forecasters said.

The US is considering sanctions against China to try to deter it from invading Taiwan, while Taipei has lobbied the European Union to do the same

Baring Private Equity Asia has closed its eighth pan-Asia fund at $11.2 billion, well over its initial target.

Taiwan's Globalwafers will start work in November on the first silicon wafer facility built in the US in more than two decades.

Typhoon Muifa intensified on Tuesday into one of the strongest typhoons this year – with wind speeds of over 200kmh – and is expected to cross the coast near Zhoushan overnight

A statement from the Duma said a top Beijing official assured them "China understands and supports Russia on issues that represent its vital interests, in particular the situation in Ukraine"

Twitter's dealings in China may come to the fore on Tuesday when a US Senate panel holds a hearing to consider a whistleblower complaint filed by the group's former security chief.

Ethereum has surged 65% since June as it nears a software upgrade to reduce its power usage. Some bet that if the 'Merge' this week is successful it could even challenge bitcoin

The cause of the blaze is yet to be confirmed, but there is concern it could reduce consumer confidence and derail growth of a sector that is key to India's carbon reduction goals.