Chinese carmaker BYD Co. may be getting some bad news as it prepares to start selling in the U.S. next year. A planned reduction in government subsidies and a phase-out of interest-rate controls threaten to raise costs for it and thousands of companies across China.
The Bakrie family’s attempt to convert $1.3 billion of debt into equity at Indonesia’s PT Bumi Resources and to cut business ties with U.K. financier Nathaniel Rothschild is being stymied by slumping coal prices.
Australia’s foreign investment regulator told Yanzhou Coal Mining Company Ltd. to abide by an agreement to reduce its stake in local unit Yancoal Australia Ltd., said two people with knowledge of the matter.
China’s stock-index futures fell as mainland markets resumed trading after a week-long tumble that sent emerging-market equities to their worst start to a year and pushed Hong Kong’s benchmark index to a six-month low.
Baidu Inc., China’s largest search engine company, rose after Maxim Group LLC raised it to buy, helping Chinese shares in the U.S. rebound from the lowest level since November. Yanzhou Coal Mining Ltd. surged.