News Snapshot:
(Reuters) – Australian Prime Minister Scott Morrison said any shift by China away from imports of high quality Australian coal would be a “lose-lose†for the environment and trading relationship. Chinese media outlets including The Global Times and Caixin on Monday reported China’s top economic planner had granted approval to power plants to import coal without clearance restrictions, except for Australia. Australia on Tuesday urged China to clarify the reports, which it said would breach international trade rules if true. Coal is the third biggest export from Australia, which has been embroiled in a worsening diplomatic dispute with its largest...
