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  • Richard Lumb

    Bank boards in urgent need of tech-savvy directors

    There is no business sector that spends more on information technology than banking. But with the digital era disrupting the landscape, technology is causing an industry-wide identity crisis that must be addressed at board level. Traditionally,

    November 26, 2015 01:00 pm JST
  • Smoking isn't cool anymore but why should Asia care?

    It is hard to imagine that smoking cigarettes was once cool -- a social "must" for the in crowd at glittering soirees, or a meditative puff for macho men astride majestic horses. It is even harder to remember that people once smoked freely in office

    November 26, 2015 12:00 am JST
  • ASEAN's economic integration still a work in progress

    KUALA LUMPUR Expectations are growing that the ASEAN Economic Community will provide renewed growth for members of the Association of Southeast Asian Nations. The AEC will create a massive single market, with goods, money and people moving freely ac

    November 26, 2015 12:00 am JST
  • Indonesia, Australia

    As commodities swoon, neighbors find a need for each other

    JAKARTA -- After two years of playing diplomatic tit for tat, the South Pacific's two major powers are now pushing to restore close relations, especially on the economic front. Their newfound bond can be traced to the commodities markets, which have

    November 25, 2015 07:00 pm JST
  • Kiwi dollar

    Weak dairy exports to China take their toll

    TOKYO -- The New Zealand dollar is coming under fresh selling pressure due to falling dairy prices, enough so that the country's central bank could cut its policy rate. The weakening of the kiwi dollar is mainly being driven by the economic slow

    November 24, 2015 06:00 pm JST
  • Defense industry

    Japan to tender Aussie submarine proposal next week

    TOKYO -- The Japanese government will submit a proposal to Australia on Nov. 30 for joint development and production of a new submarine design that it hopes to sell to the country. Prime Minister Shinzo Abe will convene his National Security Cou

    November 24, 2015 02:00 am JST
  • Qantas Airways

    Gliding higher on ratings upgrade

    SYDNEY -- Australia's Qantas Airways had two reasons to eat cake this week: the occasion of its 95th birthday, and a bump back into investment-grade credit territory. Australia's biggest airline was downgraded to junk status in 2013 after years

    November 20, 2015 11:15 pm JST
  • East Timor

    Boundary row escalates as finances deteriorate

    SYDNEY -- As a guerrilla leader, Xanana Gusmao fought the Indonesian occupation of his homeland, a former Portuguese colony on the eastern half of the rugged island of Timor, his elusiveness often ascribed to magical powers. When East Timor, al

    November 20, 2015 12:00 pm JST
  • National interests

    Australia blocks ranch sale to Chinese buyers

    SYDNEY -- The Australian government decided Thursday to refuse to allow the sale of cattle titan S. Kidman & Co. to foreign buyers, including Chinese candidates, citing national interests. S. Kidman owns land across Australia spanning about 100,

    November 20, 2015 04:02 am JST
  • Asia-Pacific leaders condemn terror, commit to growth

    MANILA (Kyodo) -- Asia-Pacific leaders on Thursday condemned the terrorist attacks in Paris, Egypt and elsewhere, and called for cooperation to propel growth as a way to stem terrorism as they wrapped up a two-day summit in Manila. In a joint de

    November 19, 2015 09:55 pm JST
  • Secrets of endurance

    China's slowing growth is casting a pall on the world economy. Low commodities prices have resource companies feeling the squeeze. New technologies are disrupting old industries. But in global business, the only constant is change. The question is,

    November 19, 2015 12:00 pm JST
  • Stephen Grenville

    Time to think about enlarging the TPP

    The Trans-Pacific Partnership is a done deal, but not yet a reality. Its trade-opening provisions and high-level liberalization of behind-the-border rules must negotiate ratification processes in all 12 countries, including a potentially rocky passa

    November 18, 2015 08:50 pm JST
  • Lithium

    Electric vehicles, storage units drive prices up

    SYDNEY -- Two big trends in energy technology -- the expanding appeal of electric vehicles and the growing demand for at-home battery storage systems -- are driving changes across the complex global supply chain for the soft light metal known as lit

    November 18, 2015 05:00 pm JST
  • Regional trade

    Talks stall on China-backed Asia-Pacific pact, no deal in 2015

    TOKYO -- Negotiators working on a 16-nation Asia-Pacific trade bloc will not reach a framework agreement by the end of the year as previously hoped. The Regional Comprehensive Economic Partnership would consist of the 10 members of the Associati

    November 18, 2015 02:00 am JST
  • China bulk-buying networks

    Australian moms competing with Chinese for baby formula

    SYDNEY -- In Australia, Chinese bulk-buying of baby formula has whipped up a storm of online controversy about organized hoarding by buyers who resell Australian powdered milk to Chinese mothers in China. In Australia's southern city of Melbourn

    November 17, 2015 07:00 pm JST
  • Justin Patrie

    TPP to set precedent for Asian economic integration

    The proposed Trans-Pacific Partnership pact is notable for its sheer scale. The 12 countries that have signed on thus far span three continents, generate 40% of global gross domestic product, account for 25% of global trade and represent a populatio

    November 17, 2015 04:30 pm JST
  • Australian beef

    Exports to set records as producers struggle to meet demand

    TOKYO -- Australia's beef exports are on track to hit a record high in 2015, with shipments to the U.S. and Japan surging. Australia is the largest source of Japan's beef imports, which account for 60% of Japanese beef consumption. With the

    November 17, 2015 02:00 pm JST
  • India nuclear

    Australia exporting uranium to South Asia

    NEW DELHI -- After concluding a civil nuclear deal signed last year, energy-starved India is to buy uranium from Australia to fuel its atomic reactors and meet soaring power demand. Prime Minister Narendra Modi and his new Australian counterpart

    November 16, 2015 10:50 pm JST
  • Australia shares hit one-month lows in jittery start after Paris attacks

    SYDNEY/WELLINGTON (Reuters) -- Australian shares fell to their lowest in over a month on Monday in a gloomy start to the week following coordinated attacks in Paris that left more than 130 dead. The market was already set to track a negative lea

    November 16, 2015 09:20 am JST
  • Euro slips, yen firms in 'risk off' response to Paris attacks

    SYDNEY (Reuters) -- The safe-haven yen firmed while the euro slipped in a cautious start on Monday to foreign exchange trading after the attacks in Paris that killed more than 130 people. The euro shed 0.5 percent to $1.0727 and was down 0.6 per

    November 16, 2015 06:50 am JST