Bloomberg Business

It may be now or never for the UK to repair its battered relationship with the world’s second-largest economy.

GLP Pte has made about $7 billion worth of assets in China available for state-backed China Logistics Group Ltd. to choose from as due diligence for a potential deal continues, according to people familiar with the matter.

Hurricane Idalia is building strength in the Gulf of Mexico as it heads toward landfall Wednesday on Florida’s west coast, where it threatens to unleash floods and trigger blackouts.

One of the Bank of Japan’s leading advocates for unwinding monetary stimulus indicated the central bank might attain its long sought-after goal of reaching 2% inflation on a stable basis by early next year.

China’s economy isn’t as bad as the prevailing mood suggests and growth is moving in the right direction as consumer spending picks up, according to an official at the British Chamber of Commerce in China.

Japan’s ruling Liberal Democratic Party will call for an extension of gasoline subsidies to the end of this year, in order to ease the hit from inflation on households, according to a draft of the proposal seen by Bloomberg News on Wednesday.

Australia will hold a national vote in October to decide whether to incorporate into its constitution an advisory body to the parliament on matters affecting the nation’s Indigenous people.

Australia’s monthly inflation gauge eased more than expected, reflecting global trends and bolstering the case for the Reserve Bank to extend a pause in tightening at next week’s policy meeting.

Chinese steel prices are likely to drop through 2024 as demand growth weakens and excess capacity weighs on the market, according to Capital Economics Ltd.

The Hong Kong dollar is poised for its biggest monthly retreat since 1985 as interest rates in the city drop and pessimism toward China’s economy weighs on the stock market.