Bloomberg Australia’s key power market suspended spot trading as it attempts to ease an electricity crunch that’s been worsened by some plants withholding supply after introduction of price caps. The Australian Energy Market Operator said it was taking action after some generators failed to respond to requests to fire up shuttered units and help add more supply to country’s main ...

Ping An Insurance Co has little chance of winning big backers for its quest to break up HSBC Holdings Plc if the best that can be said for the plan is a lackluster value analysis laid out by a Hong Kong-based consultancy. The Shenzhen-based insurer has been trying for months to convince HSBC that shareholders would value its Asian businesses ...

Crypto has long been sold as the tradition-busting future of finance, but its collapse is following a decades-old script. Take Coinbase. The crypto exchange went public at $250 a share in April 2021, when Bitcoin was worth more than $63,000, near its all-time high. Now Bitcoin is flirting with $20,000, and Coinbase is trading at less than $50 a share. ...