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  • Australia-China mistrust steals spotlight in Sydney by-election

    MELBOURNE -- Sydney's leafy northern suburbs are not the most obvious vantage point from which to observe a simmering diplomatic rift between two usually friendly nations. But in the electorate of Bennelong, a by-election that would normally revolve

    December 15, 2017 12:35 pm JST
  • India's Adani to 'adjust' as Queensland to veto coal mine funding

    MUMBAI (NewsRise) -- Adani Group said it will "fully consider and adjust to the constraints" of non-availability of a local government funding for its 16 billion Australian dollars ($12 billion) coal mine in Australia, playing down an initial setbac

    December 13, 2017 10:33 pm JST
  • Central banker lashes bitcoin 'speculative mania'

    SYDNEY -- The global fascination with digital currencies such as bitcoin is a "speculative mania," Reserve Bank of Australia Gov. Philip Lowe said on Wednesday.Speaking about the future of payments systems at the 2017 Australian Payment Summit in Sy

    December 13, 2017 07:36 pm JST
  • Interview

    Taiwan eyes 'important role' in alternative Asian sphere of influence

    TAIPEI -- Taiwan is turning to Southeast Asia and beyond as part of a strategy to reduce its economic dependence upon China, its biggest trading and investment partner. The island economy also hopes to identify itself more closely with an emerging "

    December 13, 2017 11:00 am JST
  • Europe's Unibail-Rodamco bids $16 bln for Westfield in global shift

    SYDNEY/MELBOURNE (Reuters) -- Unibail-Rodamco, Europe's biggest property group, has agreed to buy shopping mall owner Westfield Corp for $16 billion, marking the biggest takeover of an Australian company and a shift in global retail property to coun

    December 12, 2017 09:04 pm JST
  • Prominent Australian senator resigns over China links

    SYDNEY -- A proposed Australian ban on foreign political donations hints at growing concern over China's sway over lawmakers and the economy amid a series of political scandals and nonstop investment from the Asian economic heavyweight. It's a conce

    December 12, 2017 01:31 pm JST
  • China hits resistance in bid for Aussie gas developer AWE

    SYDNEY/BEIJING/TOKYO -- A Chinese oil and gas supplier's offer to buy out an Australian natural gas developer has hit opposition on all sides, with an Aussie rival sparking a bidding war as Canberra weighs blocking a deal for national security reaso

    December 12, 2017 07:26 am JST
  • Zurich Insurance to buy ANZ's life insurance businesses for $2.14bn

    ZURICH (Reuters) -- Zurich Insurance has agreed to buy ANZ's OnePath Life insurance businesses for 2.85 billion Australian dollars ($2.14 billion), the latest and largest foray by the Swiss company into the Australian market.The deal, announced on M

    December 12, 2017 05:21 am JST
  • New Zealand government appoints Adrian Orr as next Reserve Bank governor

    WELLINGTON (Reuters) -- New Zealand's government on Monday named pension fund chief Adrian Orr as the new governor of the nation's central bank, triggering a rally in the local dollar as markets prepared for changes to the monetary policy mandate.Or

    December 11, 2017 01:25 pm JST
  • Australia's Kingsgate battles Thai government over gold mine closure

    BANGKOK -- Relations between an Australian mining company and the Thai government are embroiled in a legal battle over the closure of a gold mine in Thailand, a case that foreign companies with investments in the country are watching closely.Kingsga

    December 10, 2017 08:30 am JST
  • Australia celebrates 'day for love' as it allows same-sex marriage

    SYDNEY (Reuters) -- Australia became the 26th nation to legalise same-sex marriage on Thursday, prompting cheers and singing from a packed parliament public gallery in a country where some states ruled homosexual acts to be illegal until just 20 yea

    December 7, 2017 06:36 pm JST
  • Air New Zealand cancels flights after "events" involving Rolls-Royce engines

    Air New Zealand Ltd said on Thursday "two recent events" involving Rolls-Royce Holdings PLC Trent 1000 engines had prompted it to cancel and delay some international flights over the coming weeks, making it the latest airline to experience problems.

    December 7, 2017 12:01 pm JST
  • Signs of stress mount for China's HNA Group

    HONG KONG/BEIJING - Chinese conglomerate HNA Group is facing a host of financing and legal issues as its aggressive global buying spree backfires.In addition to its offshore credit rating sinking deeper into junk territory, the privately held compan

    December 7, 2017 04:15 am JST
  • Can Australia keep its long growth streak going?

    SYDNEY -- Australia's inflation-adjusted gross domestic product for July to September ticked up a seasonally adjusted 0.6% from the previous quarter, marking the country's 105th consecutive quarter recession-free, data from the Australian Bureau of

    December 6, 2017 09:06 pm JST
  • Australian economy gets investment lift, but consumers squeezed

    SYDNEY (Reuters) -- Australia's economy expanded at the fastest annual pace in over a year last quarter thanks to a long-awaited jump in business investment, but worrying weakness in household spending cast a cloud over the outlook for growth.Wednes

    December 6, 2017 12:20 pm JST
  • Humphrey Hawksley

    Brexit Britain's troubled quest to 'Asianize' the Commonwealth

    As the U.K. reaches a critical phase in its negotiations to leave the European Union, Theresa May's government is engaged in a desperate hunt for alternative partners.London has seized on the Commonwealth of Nations, formed out of the British Empire

    December 6, 2017 07:00 am JST
  • Australia to probe Facebook, Google over media disruption

    SYDNEY (Reuters) -- Australia's competition regulator said on Monday it would investigate whether U.S. online giants Facebook and Alphabet Inc's Google has disrupted the news media market to the detriment of publishers and consumers.Like their rival

    December 4, 2017 12:51 pm JST
  • Willem H. Buiter

    The case for getting rid of high-denomination bank notes

    I previously discussed the merits of going cashless to enable central banks, including the Bank of Japan, to set interest rates at more negative levels. While that may not happen any time soon, eliminating large denomination paper currency notes --

    December 4, 2017 11:30 am JST
  • Missile test furthers India's push for Indian Ocean supremacy

    NEW DELHI -- India's recent test of a supersonic cruise missile is a strategic game-changer in the Indian Ocean, giving New Delhi the ability to hit targets as far away as the Strait of Malacca.The move continues a military buildup aimed at defendin

    December 1, 2017 04:00 pm JST
  • Australia's Fortescue Metals appoints Elizabeth Gaines as CEO

    Fortescue Metals Group Ltd said on Thursday that it has appointed the company's chief financial officer, Elizabeth Gaines, as its next chief executive.Gaines, who joined Fortescue's board in 2013 and its executive team early this year, will replace

    November 30, 2017 12:27 pm JST