Gasoline stations running dry in Britain. Power costs surging in the European Union ahead of winter. Forced restrictions on energy use in China. And rising prices for oil, natural gas and coal
The decision comes as FTSE Russell is set to start adding Chinese debt to its benchmark global bond index, which the GPIF follows, from October
China's pledge to end overseas coal financing will impact 44 coal plants totalling 42,220 megawatts (MW) of capacity, according to Global Energy Monitor's updated Global Coal Public Finance Tracker
President Xi Jinping launched the Belt and Road Initiative (BRI) in 2013
People ate breakfast by the light of smartphones and shopkeepers turned on generators as cities across China enforced power cuts to meet official conservation targets
The moves follow recent efforts at curtailing financial risks that include dampening commodity price rises, banning cryptocurrency transactions and restricting property speculation
Shengjing Bank had demanded that all net proceeds from the disposal be applied to settle the relevant financial liabilities of the group due to Shengjing Bank, Evergrande said.
More than half of China's mainland provinces are limiting electricity use, forcing factory shutdowns that are reverberating through global supply chains.
China has already called for an increase in imports and ramping up domestic production of coal, a key fuel used for the majority of its power generation.
Gen Mark Milley, chairman of the US Joint Chiefs of Staff, testified on Tuesday before the Senate Armed Services Committee
The property giant's success mirrored the country's transformation from an agrarian economy to one that embraced capitalism. Its struggles offer a glimpse of a new financial future
The company is due on Wednesday to make a $47.5 million bond interest payment on its 9.5% March 2024 dollar bond
Expressing the country's desire to hold the summit, China's Permanent Representative to the UN said, "It's our strong wish that this summit can be held as early as possible," according to Sputnik
Biden govt has yet to offer support for Georgieva
At least 20 Chinese provinces and regions making up more than 66 per cent of the country's gross domestic product have announced some form of power cuts, mostly targeted at heavy industrial users
Flows into India totalled $983 million during the month, the EPFR data compiled by Kotak Institutional Equities shows
Pandemic may do lasting damage in Asia Pacific, says lender
China said on Tuesday that it has no choice but to take preventive measures like travel restrictions to contain Covid-19
China's newer J-20 stealth fighter, which made its debut at Zhuhai in 2016, roared above dignitaries with domestic rather than Russian-made engines for the first time
For the second straight day, the main state grid operator sought to reassure customers, saying it would work to guarantee coal supply