Coal India Ltd., the world’s biggest miner of the fuel, raised prices for the first time in five years to offset an increase to its $5 billion wage bill.
Indonesia will consider new limits on exports of liquefied natural gas, a potential extension of trade curbs that’ve previously disrupted nickel to coal and palm oil markets.
Australia’s inflation accelerated faster than expected in April, snapping three months of easing and sending government bond yields higher as traders fretted about potentially another interest-rate increase next week.
US ambitions to break China’s dominance of green energy supply chains are “great for the world” as long as tensions don’t lead to war, said iron ore magnate Andrew Forrest.
Asian stocks fell along with US and European futures Wednesday as weakness in Chinese manufacturing dented sentiment that was already hurt by the risk of a US debt default.
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