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Adani cancels $1.5bn mine-building deal after funding woes

Bloomberg Adani Enterprises Ltd. will build Australia’s largest coal mine by itself after canceling a planned $1.5 billion deal with Australia’s Downer EDI Ltd. to help construct the Carmichael project in Queensland state. Adani and Downer mutually agreed to cancel all letters of award for work on the mine first made three years ago, Adani’s Australian unit said. The decision ...

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China’s home prices across smaller cities warm up

Bloomberg China’s home prices are warming up in the nation’s smaller cities, even as the government prolongs a campaign to rein in speculation and control bubbles. New-home price gains are picking up the most in the third-tier cities, rising 0.46 percent in November on a month-on-month basis, according to Bloomberg Intelligence calculations based on government data tracking 70 cities. The ...

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Vietnam coffee trade slows as buyers bet on bigger discounts

Bloomberg Coffee trading is slowing in Vietnam, the top robusta producer, on expectations that a larger harvest and changes to the London futures contract next year will give buyers bigger discounts. Roasters and traders are delaying purchases on bets that a bigger crop currently being gathered will push prices lower, according to traders attending the Asia International Coffee Conference in ...

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