Bloomberg China’s rare earths shipments fell in May as prices surged on signs of possible export controls on the minerals amid the escalating trade war with the US. Exports declined to 3,640 tons last month, down 16 percent from April and an 18 percent drop from a year earlier, according to Chinese customs data. Shipments, which can be volatile month-to-month, ...

Bloomberg Japan’s economy is set to contract in the current quarter following growth that was better than first estimated in the first three months of the year, according to one of the country’s top economic forecasters. Gross domestic product is likely to shrink by 0.5 percent in the second quarter, Yoshiki Shinke, chief economist at Dai-Ichi Life Research, said in ...

Bloomberg The decades-old alliance of Renault SA and Nissan Motor Co descended into open enmity as the two sides sparred over governance changes at the Japanese automaker, an apparent tit-for-tat following Nissan’s refusal to endorse a deal with Fiat Chrysler Automobiles NV. Nissan Chief Executive Officer Hiroto Saikawa said it was “most regrettable” that Renault planned to stymie board reforms, ...