Chinese government’s efforts to curb domestic power consumption restrict supply, threatening industrial production and closure of auto plants.
Regulators vow to roll out counter-cyclical adjustments if wide fluctuations continue
National Development and Reform Commission advisory comes as thermal coal futures tumbled 13%, extending losses to fourth day
Media company pins hopes on combination of cash reserves, £100 million loan from Nikkei and upbeat performance forecasts
Speculation is rife among currency specialists over Beijing’s silence on its currency’s recent gains as power shortages, regulatory crackdowns and Covid lockdowns slow down the world's second-biggest economy
The plummeting value of the ailing property giant’s shares dragged the Hang Seng back with traders also worried about rising prices and Fed tapering
Developer wins a 3-month extension on maturity of a $260m bond, but it has scrapped a deal to sell a 50.1% stake in its property services unit to Hopson, so chances of it avoiding default look unlikely.
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
The Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.