Bloomberg China Coal Energy Co. swung to a profit as it maintained steady sales while production and costs fell. Net income during the first half of the year was 225 million yuan ($34 million) from a 1.07 billion yuan loss a year ago, the Beijing-based coal producer said in a statement to the Hong Kong stock exchange. Revenue fell …

  Bloomberg GLM Co., a Japanese automaker backed by former Sony Corp. Chief Executive Officer Nobuyuki Idei, said it’s close to winning its first deals to supply customized vehicle frames to companies seeking to produce electric cars. The Kyoto-based automaker is close to signing deals to supply vehicle platforms for about 10 carmakers, including some in China, founder and CEO …

  Australia has a split personality when it comes to China: Government officials stress the importance of their strategic alliance with the U.S., even if it upsets Beijing. But business leaders argue that Australia must accommodate the reality of China’s overwhelming economic power in Asia. It’s an awkward straddle for Australia, as its security and economic interests diverge. “It has …