Author name: Commodities Market Writer

Tokyo is planning to expand its financial support to Japanese companies investing in pipeline projects overseas including the Middle East, as part of efforts to strengthen alternative oil and gas transportation routes in the Gulf region to bypass the Strait of Hormuz.

Asian stocks slumped, putting the regional benchmark on course for a technical correction, as a selloff in chipmakers deepened.

Australia’s central bank chief said there are signs the economy is cooling as anticipated, though it’s still unclear if this year’s interest-rate hikes are enough to return inflation to target or whether additional tightening will be needed.

Three offerings closed on Monday, while four more firms have announced IPO schedules.

Zhongji Innolight Co. raised HK$53.4 billion ($6.8 billion) after pricing its Hong Kong listing below the maximum offered in one of the city’s biggest first-time share sale in seven years.

The first US liquefied natural gas shipment to China in more than a year will be re-exported, as the local companies involved look to tap higher profits overseas and avoid paying tariffs, according to people with knowledge of the matter.

An Asia-bound supertanker carrying Saudi oil has exited the Red Sea via the longer Suez Canal route while other vessels continue to risk the Bab el-Mandeb Strait, as Houthi threats heighten uncertainty in the region.