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  • Interview

    Australia's Fortescue follows Chinese steelmakers' pivot to quality

    SYDNEY -- Australia's Fortescue Metals Group, the world's fourth-largest iron ore producer, will shift focus to higher-grade ore over the next few years in response to brisk Chinese demand, CEO Elizabeth Gaines told Nikkei.The CEO, promoted from chi

    March 17, 2018 02:13 am JST
  • Australia courts Southeast Asia with unprecedented summit

    MELBOURNE -- This weekend will see an unprecedented summit between the Australian prime minister and Southeast Asian leaders when they meet in Sydney to work on enhancing security cooperation and business ties.Prime Minister Malcolm Turnbull, the le

    March 16, 2018 05:18 pm JST
  • Dressing Japan's schoolkids gets dearer as wool prices spike

    TOKYO -- Prices of school uniforms are on the rise in Japan, due to sharply climbing wool prices and changing fashion trends in neighboring China.When Taimei Elementary School in Tokyo's fashionable Ginza district adopted new uniforms designed by th

    March 16, 2018 01:25 pm JST
  • Australia and Vietnam sign strategic partnership pact

    SYDNEY/HO CHI MINH CITY -- Australia and Vietnam signed a new strategic partnership Thursday, in an apparent move to counter China's growing assertiveness in the Asia-Pacific region.The partnership agreement, signed by Australian Prime Minister Malc

    March 15, 2018 09:09 pm JST
  • Australia's immigration debate flares up over property prices

    MELBOURNE An Australian think tank's report on housing affordability has heated up debate on population size and quality of life in a country whose large migrant intake has resulted in the fastest-growing population in the developed world.In its rep

    March 15, 2018 10:00 am JST
  • The 'TPP 11' is signed, and ready to welcome more members

    SANTIAGO, Chile The revised Trans-Pacific Partnership trade pact was signed on March 8 in Chile's capital. The deal is positioned to serve as a critical bastion against the U.S. administration's protectionist policies as the pact is set to take effe

    March 15, 2018 10:00 am JST
  • G-20 finance chiefs to discuss fair trade, cryptocurrencies

    TOKYO (Kyodo) -- Group of 20 finance ministers and central bankers are expected to exchange views on the rise of protectionist trade policy and regulations on virtual currencies when they gather in Argentina next week.The two-day meeting from Monday

    March 14, 2018 09:44 pm JST
  • Rare metal miners dig into used batteries for lithium and cobalt

    TOKYO -- As the era of the electric vehicle dawns, global resource players are working to establish networks and technologies for collecting and recycling valuable materials used in rechargeable batteries.Demand is expected to skyrocket for these ma

    March 14, 2018 01:32 pm JST
  • 'TPP 11' emerges as bulwark against American protectionism

    SANTIAGO -- The revised Trans-Pacific Partnership trade pact signed here Thursday is positioned to serve as a critical bastion against the Trump administration's protectionist policies amid prospects of taking effect this year and welcoming new memb

    March 10, 2018 02:00 pm JST
  • Trump says Australia to secure exemption from U.S. tariffs

    WASHINGTON/MELBOURNE (Reuters) -- U.S. President Donald Trump said on Friday he has spoken with Australian Prime Minister Malcolm Turnbull and that they are working on an agreement so Australia will not be subject to U.S. tariffs on steel and alumin

    March 10, 2018 12:41 pm JST
  • Eleven countries sign revamped TPP in Chile

    SANTIAGO, Chile -- Eleven Pacific Rim countries signed the revised Trans-Pacific Partnership here Thursday afternoon, finalizing the trade and investment agreement just over a year after the American withdrawal left its fate in question.The pact, re

    March 9, 2018 05:32 am JST
  • Magnitude 7.1 quake strikes east of Papua New Guinea island

    An earthquake of magnitude 7.1 struck 135 km (85 miles) east of the town of Rabaul, on the eastern tip of Papua New Guinea's island of New Britain, at 3.39 a.m. on Friday, local time (1739 GMT on Thursday), the U.S. Geological Survey said.Although t

    March 9, 2018 03:09 am JST
  • Australia, East Timor sign landmark maritime boundary treaty

    SYDNEY (Kyodo) -- Australia and East Timor signed a historic treaty on Tuesday at the United Nations in New York establishing a permanent maritime border between the two countries.The agreement paves the way for the two nations to share revenue from

    March 7, 2018 02:32 pm JST
  • Cover story

    TPP 11: How Asia took the lead in free trade

    SINGAPORE/MEXICO CITY -- Duong Ngoc Minh is sometimes called Vietnam's "Catfish King" for his role in creating a global market for panga, a fish known for its low price, white flesh and mild flavor. A type of shark catfish, the panga thrives in crow

    March 7, 2018 02:00 pm JST
  • Asian budget airlines ride growth in long-haul flights

    SINGAPORE -- Low-cost air carriers quintupled their long-distance routes worldwide over the past 10 years, a Sydney-based aviation think tank says, and efficient new aircraft should help continue this expansion that Asian names have helped propel.Th

    March 6, 2018 02:30 pm JST
  • RCEP a step closer to finalization

    SINGAPORE -- Japan, China, India as well as 13 other countries and territories on Saturday agreed to try to work out differences as soon as possible regarding a regional economic partnership.Participants at a ministerial meeting here agreed to focus

    March 4, 2018 02:08 am JST
  • Abe charms old friends amid Beijing's growing influence

    TOKYO -- With Washington playing a diminishing role on the world stage, Japanese Prime Minister has had to step up his efforts on the diplomatic front, driven largely by anxiety over the increasing prominence of Beijing.Australia, India and the U.K.

    March 3, 2018 09:18 pm JST
  • Chinese demand spurs LNG investment in Papua New Guinea

    DENPASAR, Indonesia Strong growth in gas demand from China is set to trigger a new round of major investment in cash-strapped Papua New Guinea.ExxonMobil of the U.S. and Total of France, along with Australia-listed Oil Search, are expected to finali

    March 1, 2018 10:00 am JST
  • Brahma Chellaney: China is ensnaring vulnerable states in debt traps

    American statesman John Adams (U.S. president from 1797 to 1801) famously said, "There are two ways to conquer and enslave a country. One is by the sword. The other is by debt."China has chosen the second path. Aggressively employing economic tools

    March 1, 2018 10:00 am JST
  • Dyson posts $1.1bn profit driven by Asian demand for its tech

    LONDON (Reuters) -- Dyson, the British company that reinvented the vacuum, said it made record earnings of 801 million pounds ($1.10 billion) last year after Asian consumers bought more of its battery-powered technology to clean the surfaces and the

    March 1, 2018 09:59 am JST