The Australian and New Zealand dollars were battered on Wednesday after soft manufacturing data reinforced concern of a sharp economic slowdown in China, while Australian short-term bond yields climbed after a hot inflation report.
Chinese mining company Tibet Summit Resources will invest $1.7 billion to develop a pair of lithium projects in northwest Argentina, the South American country's economy ministry announced on Wednesday. (Reporting by Lucila Sigal; Editing by David Alire Garcia)
Global thermal coal prices are stabilising this year in a range near $200 a tonne that is less than half of 2022's record highs, analysts and industry officials say, with rising supplies providing respite to consumers roiled by last year's volatility.
The New Development Bank issued 8.5 billion yuan ($1.23 billion) worth of panda bonds in China's interbank bond market on Monday to mobilise resources for financing sustainable development projects, the bank said in a statement.