Tanzania’s energy regulator said it’s considering expressions of interest by two companies to each build a 200-megawatt gas-fired power plant that will help reduce an energy deficit in the East African nation.
Prime Minister Shinzo Abe stepped up a war of words with China, alleging an international campaign to taint Japan’s image by focusing on past militarism rather than decades of peace since World War II.
China’s yuan tumbled the most in more than three years on speculation the central bank wants an end to the currency’s steady appreciation to ward off speculators before a possible widening of the trading band.
China’s stocks dropped, sending the benchmark index to its biggest retreat in five months, amid speculation a weaker property market and falling currency will curb corporate earnings. The yuan sank the most since 2010.
Bank of East Asia Ltd., Hong Kong’s largest family-run lender, unexpectedly reported higher 2013 profit as wider lending margins helped offset a drop in trading income. The stock surged the most in five months.
The Federal Reserve will release minutes from its Jan. 28-29 meeting, the last presided over by former Chairman Ben S. Bernanke and at which policy makers further reduced the central bank’s record stimulus.
China’s yuan fell to the lowest this year as the central bank’s first use of repurchase agreements to drain funds since June fueled speculation China will tighten monetary policy and lower its economic growth target.