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  • Australia's overheating housing market prompting policy responses

    SYDNEY -- Housing prices in Australia have roared into the stratosphere, prompting the government to take policy steps to cool the sizzling market.Combined with tight inventory of houses on the market due to population growth, swelling investment in

    August 19, 2017 09:00 pm JST
  • Fonterra eyes Chinese consumers with Australian cheese plant

    MELBOURNE -- Fonterra Co-operative Group, New Zealand's largest dairy company, on Friday opened a new plant in southeastern Australia to make cheeses for China, Japan and other markets.The 140 million Australian dollar ($111 million) plant in Stanho

    August 19, 2017 03:43 am JST
  • Elliott Management raises stake in BHP to 5%

    MELBOURNE (Reuters) -- Hedge fund Elliott Management has raised its stake in BHP Billiton to 5 percent, stepping up a campaign to make the top global miner quit all or part of its petroleum business, boost returns and ditch its dual listing.New Yor

    August 16, 2017 09:15 am JST
  • Monex launching online brokerage business in Australia

    TOKYO -- Japanese financial services company Monex Group will launch an online brokerage operation as early as October in Australia, in hopes of capturing the country's rich retail investment market through an expansive offering and cheap fees.Monex

    August 16, 2017 03:55 am JST
  • BHP Billiton to build electric-car battery materials plant

    SYDNEY -- BHP Billiton will build a factory for electric-car battery materials in Australia, part of a trend among resurgent mining companies to make new investments in this promising field.The Anglo-Australian resource giant will spend around $43.2

    August 16, 2017 01:02 am JST
  • Exclusive

    Japan's MS&AD to invest $400m in Australian pension giant Challenger

    TOKYO -- MS&AD Insurance Group Holdings will spend 44 billion yen ($401 million) to acquire a 6%-plus stake in Challenger, a leading player in Australia's fast-growing superannuation industry.Sydney-based Challenger offers retirement-focused insuran

    August 15, 2017 03:39 am JST
  • Warehouse robots getting better at sorting things out

    TOKYO -- The competitors at a global tournament for warehouse robots last month showed off some surprising advances in artificial intelligence and other state-of-the-art technologies.Leading multinationals and research institutions brought their nex

    August 12, 2017 03:05 pm JST
  • Amazon challenge tests robots' stow and pick skills

    TOKYO Picking stuff up and putting it away sounds like child's play, but to online retailer Amazon.com, it is a high-tech, high-stakes game.Always keen on leveraging new technologies, the e-commerce giant hosted its Amazon Robotics Challenge last mo

    August 10, 2017 10:00 am JST
  • Australia's biggest bank dealing with reputational scandal

    SYDNEY - Australia's most valuable company and biggest bank, Commonwealth Bank of Australia, on Wednesday confronted government allegations that it failed to properly monitor more than 53,000 transactions potentially linked to money laundering and t

    August 9, 2017 05:53 pm JST
  • Australia ready to move forward on 'TPP 11': trade minister

    SYDNEY -- Despite America's withdrawal, members of the Trans-Pacific Partnership trade pact are focused on reaching an agreement for the 11 remaining countries, Australian Trade Minister Steve Ciobo said.Australia prefers the agreement stay as close

    August 9, 2017 11:30 am JST
  • Australia reopens debate over ditching monarchy

    MELBOURNE -- For many Australians, her face is a more common sight than their own mother's. In fact, most see her every single day. But if the country's opposition leader wins the next election, as polls suggest is likely, Australians could be sayin

    August 8, 2017 04:56 pm JST
  • US, Japan, Australia urge ASEAN to 'maximize pressure' on North Korea

    MANILA -- U.S., Japan and Australia on Monday urged the Association of Southeast Asian Nations to exert more pressure on North Korea over its nuclear ambitions and to make sure a planned code of conduct for maritime disputes is legally binding.In a

    August 8, 2017 12:11 am JST
  • Hong Kong's CLP says profits hard to find in Australia, China

    HONG KONG -- Regional electricity provider CLP Holdings said Monday trading conditions in Australia and China -- its two biggest markets outside Hong Kong -- remain tough after operations in those countries dragged down the company's bottom-line in

    August 7, 2017 10:57 pm JST
  • A new film explores the paint-spattered life of an Australian art icon

    SYDNEY Internationally acclaimed Australian artist Brett Whiteley died alone from an overdose of drugs, including heroin, in a seaside motel 70km south of Sydney in 1992. Coming to fame in the hedonistic 1960s, Whiteley painted Bob Dylan and shared

    August 3, 2017 10:00 am JST
  • Papua New Guinea prime minister returned in chaotic election

    AUCKLAND -- Papua New Guinea's Prime Minister Peter O'Neill on Wednesday survived one of the most bruising election campaigns in the nation's 42-year history, promising big infrastructure spending for the mineral-rich but economically troubled natio

    August 2, 2017 09:48 pm JST
  • Zinc miners scramble to meet expected demand surge

    SYDNEY -- Mining companies across the world are rushing to bring zinc mines into production ahead of an expected increase in demand from new applications in sectors such as construction, automotive, energy storage and food production. In particular,

    August 2, 2017 06:31 pm JST
  • NZ opposition leader ejected on poor ratings ahead of election

    WELLINGTON -- New Zealand's main opposition party replaced its leader Tuesday just over seven weeks before national elections as its poll ratings sank to new lows, signaling a fourth successive loss.Andrew Little resigned as leader at a caucus meeti

    August 1, 2017 10:32 pm JST
  • Telemor launches 4G in East Timor

    HO CHI MINH CITY -- Telemor, the East Timor subsidiary of Vietnam's Viettel, yesterday launched 4G services in the group's sixth market outside Vietnam after Burundi, Cambodia, Haiti, Laos, and Peru.Managed by the Vietnamese military, Viettel now ha

    August 1, 2017 01:58 am JST
  • Coal prices glow hot as China hungers for power, steel

    TOKYO -- Prices of coal for both electricity generation and steelmaking are climbing amid heated Chinese demand backed by brisk steel production and elevated power use. International benchmark Australian coal for power generation has reached a rough

    July 29, 2017 05:53 am JST
  • China boom sparks heavy machinery comeback

    TOKYO -- After a rough ride over the past couple of years, heavy machinery makers across the world are enjoying a comeback thanks to a rush of infrastructure projects in China.But there are questions over just how sustainable the latest boom will pr

    July 28, 2017 06:50 pm JST