SHANGHAI — China stocks rose on Monday, with tourism and consumer sectors leading the gains, as Shanghai’s top party boss declared victory over COVID-19 after the city reported zero new local cases for the first time in two months. Read More
LAUNCESTON — Iron ore prices have slipped for three straight weeks, with the decline reflecting an evaporation in confidence over China’s economic stimulus, which in turn threatens to hit demand for the steel raw material in coming months. Read More
SANTIAGO — Chilean state-owned copper miner Codelco, the world’s top producer of the red metal, sees a firm copper price ahead despite a recent sharp fall, chairman of the board Máximo Pacheco told Reuters in an interview in Santiago. Read More
BERLIN — Lufthansa does not expect its global airline operations to return to normal until 2023 after staff shortages and booming demand amid the lifting of COVID-19 restrictions forced it to cancel some flights, Die Welt newspaper reported on Saturday. Read More
Shares of Toyota Motor Corp and Subaru Corp dropped on Friday after the two Japanese car makers announced recalls of their first mass-produced electric vehicles (EV) for the global market because of a risk the wheels could come loose. Read More
MELBOURNE — Australia’s energy market operator said on Wednesday it would lift its unprecedented suspension of the spot electricity market in stages, starting on Thursday, as a return of some coal-fired generation eased the country’s power crisis. Read More
Curacao will begin negotiations with a seven-company consortium to take over management of the Caribbean island’s oil refinery and storage terminal, state-owned Refineria di Kòrsou (RdK) said on Sunday. Read More