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  • 'Moving on' in Darwin

    Japan joins war games near Australian city it attacked in 1942

    DARWIN, Australia -- Japan's air raids on Darwin during World War II left an indelible mark on Australia's history. Now, Japanese armed forces are returning to the area on friendly terms. By the end of the first day of bombing on Feb. 19, 1942,

    July 3, 2015 07:00 pm JST
  • World heritage threat

    UN backs Australia's plan to save the Great Barrier Reef

    BONN, Germany -- Australia has escaped attempts by environmentalists to have its iconic Great Barrier Reef listed as endangered by the United Nations World Heritage Committee after heavy lobbying and the fast-tracking of a 10-year $1.5 billion rescu

    July 2, 2015 10:33 pm JST
  • G-7 pact cements long-term coal market decline

    BANGKOK -- The first major El Nino weather cycle to hit the world in six years is propping up the price of coal in Asia, but any market euphoria will be restrained by a recently signed pact between leading industrialized nations to phase out fossil

    July 2, 2015 12:00 am JST
  • George Magnus: Greece will cast long political shadows

    If Greece were in Asia, it would be the seventh largest economy, of little geopolitical consequence and soon to be overtaken by Bangladesh and Vietnam. Greece's size, however, is not the right metric to use when gauging its significance in Europe's

    July 2, 2015 12:00 am JST
  • Frederic Neumann: Greek turmoil is not without risks to Asia

    The coming weeks will prove critical for Greece's membership of the eurozone. For Asia, the immediate impact of a potential "Grexit" should be manageable. A powerful policy response by major central banks and comfortable reserve buffers in the regio

    July 2, 2015 12:00 am JST
  • Editorial: Seize the chance to wrap up the TPP talks

    The time has come to finally conclude negotiations over the proposed Trans-Pacific Partnership agreement. The U.S. Congress has at last passed a bill granting President Barack Obama trade promotion authority, also known as fast track, which is s

    July 2, 2015 12:00 am JST
  • Wildlife dilemmas

    Frozen 'Down Under,' or how to kill a cane toad

    Australians love to scare overseas visitors with lurid tales of the deadly snakes, spiders, sharks and crocodiles lying in wait for them at the beach or in the bush. There is no doubt these dangerous creatures add a frisson of excitement to daily li

    July 1, 2015 01:00 pm JST
  • Developing Australia

    Canberra's plan to tap the north met with hope, wariness

    MELBOURNE -- With its small, mostly coastal population of only 23 million people, the vast continent of Australia is often noted for its many parts that are splendidly untouched or carelessly undeveloped, depending on one's perspective. One topi

    July 1, 2015 01:00 pm JST
  • Euro on defensive as Greece misses IMF debt deadline

    SYDNEY (Reuters) -- The euro got off to a cautious start in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund. The common currenc

    July 1, 2015 08:26 am JST
  • Overseas acquisitions

    Japan Inc. buying spree of foreign companies hits record

    TOKYO -- Japanese companies are accelerating their acquisition of foreign businesses as more management teams emphasize unlocking shareholder value and use stockpiled cash to go on the offensive. Japanese businesses made 324 foreign acquisitions

    July 1, 2015 02:13 am JST
  • Commodities eye

    G-7 pact cements long-term coal market decline

    BANGKOK -- The first major El Nino weather cycle to hit the world in six years is propping up the price of coal in Asia, but any market euphoria will be restrained by a recently signed pact between leading industrialized nations to phase out fossil

    June 29, 2015 01:00 pm JST
  • UBS survey

    Chinese tourism boom growing, evolving

    Over the past five years, the number of Chinese outbound tourists has doubled from 57.4 million to 116.6 million, and most commentators agree that the strong growth trend will continue in the coming years. But where and how will the Chinese tourists

    June 28, 2015 02:00 pm JST
  • Yes or no to Europe?

    Greece's Tsipras calls referendum to break bailout deadlock

    ATHENS/BRUSSELS (Reuters) -- Greek Prime Minister Alexis Tsipras called a referendum on austerity demands from foreign creditors on Saturday, rejecting an "ultimatum" from lenders and putting a deal that could determine Greece's future in Europe to

    June 27, 2015 12:16 pm JST
  • TPP talks set to resume

    US fast-track bill propels trade pact

    TOKYO -- With a bill granting U.S. President Barack Obama fast-track authority on trade deals poised to pass Congress, the Trans-Pacific Partnership pact is nearing its final hurdles, with both U.S.-Japan talks and broader negotiations likely to con

    June 25, 2015 02:12 am JST
  • Steel oversupply

    Iron ore prices sink on weaker Chinese demand

    TOKYO -- Iron ore prices are again declining as Chinese buyers back off while ore production increases. The spot price of Australian ore was recently $60 to $61 a ton, down 7% from early June to the lowest level in around a month. Iron ore h

    June 25, 2015 01:48 am JST
  • Australia's housing prices going through the roof

    SYDNEY -- The Australian housing market is riding high. While some of the country's top officials worry about a bubble, others are hailing the boom. The median price for detached homes in the January-March quarter stood at 914,056 Australian dol

    June 25, 2015 12:00 am JST
  • Frederic Neumann

    For Asia, 'decoupling' is a double-edged sword

    Few concepts were as passionately debated around the time of the global financial crisis as the idea that growth in emerging Asia was "decoupling" from that in the West. The slump in demand in Europe and the United States would inevitably drag d

    June 23, 2015 02:00 pm JST
  • Real estate boom

    Is Australia leaning on a house of cards?

    SYDNEY -- The Australian housing market is riding high. While some of the country's top officials worry about a bubble, others are hailing the boom. The median price for detached homes in the January-March quarter stood at 914,056 Australian dol

    June 23, 2015 01:00 pm JST
  • E-commerce survey

    Nearly half of Asians shop on smartphones

    SINGAPORE -- As more Asians turn to smartphones, "shopping on the go" is becoming a regional trend. Close to half of such device users in the Asia Pacific have used mobile shopping services, according to a survey by MasterCard. The survey, con

    June 22, 2015 08:00 pm JST
  • Real estate

    Australian officials fret over possible housing bubble

    SYDNEY -- Australia is gripped by a fierce debate about rapid rises in Sydney house prices, after top economic officials expressed concerns about a possible residential property bubble in the country's largest city. Central bankers and bureaucra

    June 20, 2015 01:00 pm JST