Bloomberg Hindalco Industries Ltd., the metals flagship company of billionaire Kumar Mangalam Birla’s conglomerate, posted a sharp decline in quarterly profit as higher input and energy costs hurt its margins. The aluminum and copper producer’s board also approved a proposal to raise as much as 10 billion rupees ($124 million) through bonds, loans, debentures and other securities, it said …

  Bloomberg Europe reined in its natural-gas consumption last month as households kept the heating off amid warm weather, providing some relief to a tight market ahead of winter. Governments across the region have been pleading with consumers to reduce their gas use after a slump in Russian supplies raised specter of rationing once the weather gets cold. A mild …

  Bloomberg Commodities from oil to iron ore and copper jumped after China eased some Covid restrictions, raising hopes over a demand recovery in the world’s second-biggest economy. Almost all major commodities traded higher following news that China reduced the amount of time that travellers and close contacts of infected people must spend in quarantine, a significant amendment of the …