Bloomberg China approved its first large battery storage pilot project as it seeks to maximise clean energy output and improve grid stability. The initial phase of the venture in the northwestern prov-ince of Gansu will require 1.2 billion yuan ($174 million) of investment and have a capacity of 720 megawatt hours and storage duration of four hours, the Gansu Provincial ...

Bloomberg China is the latest victim of the wild swings in oil prices that have roiled trading firms across the globe this year. Two top officials at Unipec, one of the country’s most powerful trading companies, were suspended this week following losses on bets related to oil prices in the second half of the year, according to people with knowledge ...

Bloomberg Hitachi Ltd. is seeking to buy Polish leasing and vehicle-fleet operator Prime Car Management SA, potentially setting up a bidding war between the country’s largest lender and the Japanese manufacturing conglomerate. A local leasing and fleet-management unit of Hitachi offered to acquire all shares of Gdansk-based Prime Car at 12.09 zloty each, according to a filing. That would value ...