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  • ANZ expanding branch network in Southeast Asia

    SYDNEY -- Australia and New Zealand Banking Group is accelerating its push into Southeast Asia as part of a "super-regional strategy" that has the financial institution focused squarely on Asia. "With the phase of high investment in Asia largely

    November 1, 2014 04:02 am JST
  • Australian coal hit hard by Chinese tariffs

    TOKYO -- The market for thermal coal, used for power generation, keeps cooling as major consumer China reverts to protectionism, dealing a blow to Australian producers. The benchmark spot price for Australian thermal coal stands at a five-year l

    October 31, 2014 05:43 am JST
  • Hitachi to help Rio Tinto streamline Aussie mine operations

    TOKYO -- Japan's Hitachi will form a strategic partnership with Anglo-Australia resource major Rio Tinto in an effort to raise the efficiency of iron ore mining in western Australia. Hitachi Chairman and CEO Hiroaki Nakanishi and Rio Tinto CEO S

    October 30, 2014 02:00 am JST
  • Australia wheat attracts Asian investment

    SYDNEY/JAKARTA -- Japanese trading houses are expanding exports of wheat from Australia to Southeast Asia, where demand for the grain is increasing. Mitsubishi Corp. in July acquired 80% of shares in Olam Grains Australia, which holds a 32.5% s

    October 30, 2014 12:00 am JST
  • New development bank marks China's rising ambitions

    BEIJING/MANILA -- The Oct. 24 agreement to form a China-led development bank was a result of Beijing's push for more influence in the international financial order and its bid to secure more resources. Twenty-one nations, including China, India

    October 30, 2014 12:00 am JST
  • Maori, Japanese businesses collaborate on common values

    SYDNEY -- Maori, New Zealand's indigenous population, are increasing their economic and commercial presence in the country. Their investment activities are expanding as negotiations get underway under the auspices of the New Zealand government to re

    October 28, 2014 07:00 pm JST
  • Thitinan Pongsudhirak: When global terror goes retail

    The recent terrorist incidents in Australia and Canada may be more significant -- and disturbing -- than they may at first seem. No longer a top-down and organized international network of Jihadist cells with a command and control hierarchy, global

    October 28, 2014 07:00 pm JST
  • Japan, US must take different tack in TPP talks

    SYDNEY -- The Trans-Pacific Partnership is the fist time in history that a wide range of countries with different political systems and in various stages of economic development will attempt to create a single free trade zone covering East Asia and

    October 28, 2014 06:10 am JST
  • Newest TPP talks disappoint as US, Japan remain in stalemate

    SYDNEY -- A ministerial meeting over a Pacific free trade initiative concluded here Monday without yielding significant results, making it highly unlikely that a basic agreement will be reached by the year-end. U.S. Trade Representative Michael

    October 28, 2014 05:00 am JST
  • Novartis to sell flu vaccine business to Australia's CSL

    FRANKFURT, Germany -- European drug giant Novartis said Sunday it will sell its influenza vaccine business to Australian vaccine manufacturer CSL for $275 million as part of a reorganization of its operations. The Swiss company's flu vaccine bus

    October 27, 2014 11:29 pm JST
  • TPP talks enter final stretch: Australian trade minister

    SYDNEY -- A successful conclusion to negotiations for the Trans Pacific Partnership free trade agreement is finally on the horizon, Australian Trade and Investment Minister Andrew Robb told The Nikkei on Sunday. Australia hosted a three-day TPP

    October 27, 2014 07:00 pm JST
  • Uneasy in Macau, Hong Kong casinos turn to Saipan, Australia

    HONG KONG -- For Hong Kong companies looking to open casinos, Macau is no longer the go-to destination it once was. With Beijing's frugality drive and anti-corruption campaign crimping the gambling industry there, they are looking instead to Saipan

    October 27, 2014 01:00 pm JST
  • TPP ministers left with hurdles before clinching a deal

    SYDNEY (Kyodo) -- Ministers from 12 countries engaged in a Pacific Rim free trade initiative said their talks advanced during a three-day meeting that wrapped up Monday in Sydney, but some contentious issues remain to be resolved before clinching a

    October 27, 2014 11:30 am JST
  • New development bank a marker of China's greater ambitions

    BEIJING -- The agreement reached Friday to form a China-led development bank signaled the country's drive to carve out a larger role for itself in the international financial order and secure more resources. Twenty-one nations, including China,

    October 25, 2014 03:52 am JST
  • Minister-level TPP talks in homestretch, but hurdles remain

    SYDNEY -- Ministers from 12 countries in the Trans-Pacific Partnership negotiations will meet here for three days starting Saturday to lay the groundwork for a basic agreement, but many differences still need to be resolved. Minister-level talks

    October 25, 2014 02:39 am JST
  • Robust housing starts offer hope for Australian recovery

    SYDNEY -- Hopes for a recovery in Australia's economy have been given a boost from strong growth in home construction, which has hit a 19-year high. With the country's large mining sector suffering from weak commodity prices, government official

    October 24, 2014 07:00 pm JST
  • 21 nations sign accord for China-led development bank

    BEIJING -- A total of 21 countries signed a memorandum of understanding in Beijing on Friday for the establishment of a China-led multinational bank. Representatives from Southeast Asia and the Middle East, as well as China, India and Mongolia,

    October 24, 2014 02:00 pm JST
  • Japanese brewers seek Asia-Pacific growth for flagship beers

    TOKYO -- Kirin Brewery will start selling its mainstay Ichiban Shibori beer by the keg in Malaysia this fall, while rival Asahi Breweries is getting ready to open an Australian bar showcasing its claim to fame, Super Dry. Both Japanese brewers s

    October 24, 2014 01:15 am JST
  • Ascott in Quest for Australian strategic partner

    SINGAPORE -- The Ascott Limited has taken a 20% strategic stake in Australian serviced apartment operator Quest for 28.8 million Australian dollars ($25.4 million), with an option for up to 30%. Ascott, the world's largest serviced residence own

    October 23, 2014 10:30 pm JST
  • Universal Robina expanding beverage line via Danone joint venture

    MANILA -- Universal Robina is forming a joint venture with Danone Asia Holdings as the Philippine company moves to expand its beverage portfolio. The joint venture firm, which will be named Danone Universal Robina Beverages, will be equally owne

    October 23, 2014 04:40 pm JST