SANTIAGO — The board of Chilean state-owned Codelco, the world’s largest copper producer, agreed on Friday to start a process to close its troubled Ventanas smelter, the company said in a statement. Read More
TOKYO — Japan’s 10-year government bond yields hit a six-year high on Friday ahead of a policy decision later in the day from the Bank of Japan. Read More
SINGAPORE — Chicago corn futures edged lower on Friday after making sharp gains in the previous session, but the market was poised for a second consecutive weekly rise on concerns over hot weather in parts of the U.S. Midwest. Read More
MELBOURNE — Australia’s power crunch has eased across the national electricity market (NEM), as more generation has come back online and households have cut their power use, the country’s energy market operator said on Friday. Read More
MELBOURNE — Australian coal-fired generators have brought 1,900 megawatts (MW) of capacity back on line since Wednesday, the industry group that represents generators said on Friday, easing blackout risks that have plagued the market this week. Read More
SHANGHAI — Joincare Pharmaceutical Group Industry Co said on Thursday it plans to list on the Swiss stock exchange in a bid to broaden financing channels and ramp up its global expansion. Read More
WASHINGTON — U.S. President Joe Biden, under pressure over sky-high gasoline prices, on Wednesday demanded oil refining companies explain why they are not putting more fuel on the market as they reap windfall profits. Read More
TOKYO — Japan ran its biggest single-month trade deficit in more than eight years in May as high commodity prices and declines in the yen swelled imports, clouding the country’s economic outlook. Read More