Oil prices rose in early Asian trade on Wednesday, extending gains from the previous session after China's central bank said it would support its economy.

MEXICO CITY (Reuters) -Mexican breadmaker Grupo Bimbo's first-quarter net profit rose, boosted by strong sales, but higher raw material costs cut into its margins.

South Korea's LG Energy Solution Ltd on Wednesday reported a smaller-than-expected 24% drop in quarterly profit as strong sales of its cylindrical batteries to Tesla Inc offset a hit to production due to chip shortages.

Samsung Electronics plans to join as soon as next month a group of global corporations committed to 100% renewable energy, a person familiar with the matter said, as partners such as Apple Inc push it for action against climate change.

SEOUL (Reuters) -South Koreans expect inflation to average around 3.1% over the next 12 months, led by rising global energy prices, the highest they have anticipated in nine years, according to a Bank of Korea survey of consumers released on Wednesday.

Buyer "hysteria" for pre-owned business jets during the pandemic that triggered a recent wave of bidding wars is now easing, with more corporate aircraft coming up for sale, brokers say.