A nearly yearlong shakeout in China’s housing market is throwing up some clear winners: state-owned developers. As former industry leaders from China Evergrande Group to Sunac China default on their Continue Reading
Europe’s race to replace Russian gas supply has threatened Australia’s plans for five gas import terminals as they compete for key infrastructure, raising the risk of a supply shortfall in Continue Reading
Shell Plc (SHEL.L) said on Monday it had given the go-ahead to develop the Crux gas field off Australia, which analysts estimated would cost around $2.5 billion. Construction is expected Continue Reading
India plans to phase down at least 81 coal-fired utilities over the next four years, the federal power ministry told top energy department officials of state and federal governments in Continue Reading
Highlights Vessel expected to return to Kandla port by mid-June Indian traders concerned about vessels headed to Egypt, other nations Indian trade ministry may clear exports up to 1 mil Continue Reading
Streets in Beijing were busier on Monday as residents in two districts were allowed to return to work, while Shanghai inched closer towards lifting its two-month-old COVID-19 lockdown from Wednesday, Continue Reading
Japan’s Toyota Motor Corp (7203.T) on Monday said it missed its global production target for April as COVID-19 outbreaks and a parts shortage slowed its post-pandemic recovery. The world’s largest Continue Reading
Japan’s top three automakers saw their output in China slashed by double digits in April, highlighting the toll Shanghai’s lockdown is taking on manufacturers operating in the world’s biggest car-producing Continue Reading
China fell short Monday on a bold plan to have 10 Pacific nations endorse a sweeping new agreement covering everything from security to fisheries as some in the region expressed Continue Reading
Mike Cannon-BrookesPhotographer: Patrick T. Fallon/Bloomberg An Australian billionaire’s success in forcing AGL Ltd. to scrap a breakup plan and its top executives to step down may shake the status quo Continue Reading
A man walks across the dried bed of the Belan river on May 20. The monsoon arrived earlier than normal in India, raising hopes that output of crops like rice Continue Reading
State-run Coal India (COAL.NS) , the world’s largest coal miner, will import the fuel for use by utilities, a power ministry letter seen by Reuters showed on Saturday, as shortages Continue Reading
India’s annual monsoon, which delivers about 70% of the country’s rainfall, arrived on the coast of southern Kerala state on Sunday, the state-run India Meteorological Department said, two days ahead Continue Reading
Shanghai said on Sunday “unreasonable” curbs on businesses will be removed from June 1 as it looks to lift its COVID-19 lockdown, while Beijing reopened parts of its public transport Continue Reading
For the third year, Americans are greeting the unofficial start of summer shadowed by the specter of the coronavirus amid rising covid-19 cases and hospitalizations across the country. The United States is Continue Reading
India is expected to face a wider coal shortage during the quarter ending September over expectations of higher power demand, an internal power ministry presentation seen by Reuters showed, worsening Continue Reading
Indian companies with stakes in two Russian assets are unable to repatriate 8 billion roubles ($125.49 million) in dividends due to tough western sanctions, an official at Oil India Ltd Continue Reading
On a balmy Sunday night, residents of an upscale Shanghai compound took to the streets to decry lockdown restrictions imposed by their community. By the following morning, they were free Continue Reading
China’s imports of liquefied natural gas (LNG) are on track to post their first major decline this year, as high prices and weak manufacturing due to COVID-19 lockdowns crimp demand Continue Reading
India and China have stepped up purchases and are importing record volumes of Russian crude. some Chinese state giants haven’t ramped up imports of spot cargoes from Russia despite steep Continue Reading
China’s strict Covid-19 containment strategy is suppressing the country’s consumer demand and manufacturing output. The economic slowdown caused by this containment strategy poses a challenge for emerging economies that export Continue Reading
Three days before a vote to choose their region’s next governor, a handful of residents in Kashiwazaki, a sleepy coastal town in northern Japan, stood by a road to hear Continue Reading
China’s oil trading giant Unipec has significantly increased the number of hired tankers to ship a key crude from eastern Russia. China International United Petroleum & Chemical Co., better known Continue Reading
The invasion of Ukraine has put the US and Europe on a wartime mission to abandon Russian fossil fuels. This series looks at speeding up zero-carbon alternatives by lowering political Continue Reading
Highlights Utilizations only rise in low-risk regions like Sichuan Refining margin up on cheap feedstock, but domestic sales slow More export quotas to ease stock pressure China’s crude throughput is Continue Reading
India will continue to buy “cheap oil” from Russia but has not finalised terms of the discount, a senior government official familiar with the matter said on Wednesday. “We will Continue Reading
The Indian government’s latest decision to penalize power plants for not importing coal is a stark contrast to the stance it took a couple of years ago, when it was Continue Reading
China’s economy is in some respects faring worse than in 2020 when the pandemic first emerged, Premier Li Keqiang said, urging efforts to reduce a soaring unemployment rate. “Economic indicators Continue Reading
China’s Central Bank, Regulator Urge Banks to Boost Lending Bloomberg News Two of China’s biggest provinces are raising power rates for factories amid increased environmental scrutiny and higher fuel costs, Continue Reading
China’s plans for 169 new and expanded coal projects could boost global methane emissions from mines that produce the dirtiest fossil fuel by 10% and jeopardize its own short-term climate Continue Reading
A logistically risky and costly transfer of crude between tankers at sea highlights the steps at least one Chinese buyer is willing to take to ensure the smooth flow of Continue Reading
Even after three decades of growing wheat and rapeseed on his small plot in Punjab, India’s traditional breadbasket, Inderjit Singh was caught off guard by the heat wave that began Continue Reading
Highlights India cuts excise duties on gasoline and diesel Inflation, based on CPI, hits an 8-year high in April Dated Brent to average $103/b in 2022: Platts Analytics From cutting Continue Reading
China’s commitment to Covid Zero means it’s all but certain to miss its economic growth target by a large margin for the first time ever. Economists’ median forecast for gross Continue Reading
Growing complacency about Covid-19 and politicisation of the pandemic response will cost lives as the world is hit by new waves of the virus in the coming months, Pfizer’s chief Continue Reading
High global coal prices dampen imports Cement, steel plants face acute shortage Power shortage seen in several regions Several non-power sectors in Pakistan, including cement and steel plants, are either Continue Reading
India is set to restrict sugar exports as a precautionary measure to safeguard its own food supplies, another act of protectionism after banning wheat sales just over a week ago. Continue Reading
Tesla Inc. is isolating thousands of workers in disused factories and an old military camp in China to ensure they’re Covid-19 free, part of a large-scale plan by the electric-car Continue Reading
China is trying to navigate its biggest coronavirus outbreak without a tool it could have adopted many months ago, the kind of vaccines that have proven to offer the best Continue Reading
Health workers at a hospital across a residential area under lockdown due to Covid-19 in Beijing on May 22. Beijing and Tianjin continue to ramp up Covid restrictions as cases Continue Reading
President Biden opened the second chapter of his Asia tour Monday with several moves — some choreographed, others apparently not — signaling a more confrontational approach to China in matters Continue Reading
Highlights Independent refineries attracted by heavily discounted Urals Prices are still above Beijing’s expectations to replenish SPRs Run rates at independent refiners recover as margins improve Hefty discounts on Russian Continue Reading
Days of flooding and landslides in parts of Bangladesh and eastern India, have affected millions of people and left more than 50 people dead. Bangladesh’s north-east region has seen some Continue Reading
China’s state spending on industrial subsidies is much higher than in seven other major economies analyzed in the report. China spends much more in helping favored industries with state-directed funds, Continue Reading
New Australian PM says climate action “shouldn’t be controversial” Australia’s new leader has vowed to take the country in a new direction, with a big shift in climate policy. Anthony Continue Reading
A sign encouraging people not to waste food at a restaurant in Handan, China, in 2020.Source: AFP/Getty Images China has been long obsessed with finding ways to ensure there is Continue Reading
International sanctions on Russia appear to be working. Kazakhstan’s biggest iron ore-enricher has cut supplies to Russian steelworks. A growing number of Kazakh businesses are growing wary of contagion from Continue Reading
Indians are cranking up air conditioning as they still work from home, while lights come back on in offices and factories with an end to COVID curbs, upending power demand Continue Reading
Sri Lanka’s central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister Continue Reading
A Bharat Petroleum Corp. refinery stands illuminated at night in the Mahul area of Mumbai. India has stalled the privatization of state-owned refiner Bharat Petroleum Corp. as most bidders walked Continue Reading
