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  • Key at bay as NZ seeks wider China trade deal

    WELLINGTON -- When New Zealand Prime Minister John Key returned from a trip to China in April to celebrate the success of an eight-year-old trade agreement between the two countries, he was quickly reminded that the pact has not come without domesti

    May 5, 2016 01:00 pm JST
  • Edward Alden: Solving the global steel glut means sharing the pain

    The steel industry is once again in crisis. Led by China, global steelmaking capacity has doubled in the past 15 years, while demand has slumped. The consequences in many countries are falling prices, idled production, bankruptcies and job losses. T

    May 5, 2016 12:00 pm JST
  • Why Japan lost the Australian sub deal to France

    SYDNEY Japan's hopes of winning its first big overseas defense contract since it lifted self-imposed restraints on such deals two years ago have been dashed. The $38.6 billion contract to help Australia build naval submarines went instead to Frenc

    May 5, 2016 12:00 pm JST
  • India's Adani aims for coalmining premier league

    MUMBAI -- Adani Enterprises plans to become one of the world's largest mining companies by 2020 by extracting some 200 million tons annually of coal from mines it owns in India and Indonesia, and a recently approved project in Australia's Galilee ba

    May 5, 2016 12:23 am JST
  • Yen steady below 18-month high, pauses after rally

    SINGAPORE (Reuters) -- The yen backed off from an 18-month high against the dollar on Wednesday, having lost some steam as position squaring set in after its sharp rally since last week.The dollar held steady near 106.55 yen, having pulled up from T

    May 4, 2016 01:18 pm JST
  • Australia to target multinational tax avoiders

    MELBOURNE, Australia -- Prime Minister Malcolm Turnbull's conservative government has announced a major crack down on multinational companies that shift profits offshore to avoid paying tax in Australia.Treasurer Scott Morrison, delivering his first

    May 3, 2016 11:57 pm JST
  • Yen soars, Aussie slides after RBA cuts rates

    LONDON (Reuters) -- The yen gained broadly in nervous markets on Tuesday, jumping to a two-month high against the Australian dollar and an 18-month peak against the U.S. dollar after Australia cut interest rates.The greenback fell to 105.65 yen, its

    May 3, 2016 06:07 pm JST
  • Australia cuts interest rates to head off deflation risk

    SYDNEY (Reuters) -- Australia's central bank cut interest rates to an all-time low of 1.75 percent on Tuesday, the first easing in a year as it seeks to restrain a rising currency and insulate the economy from creeping deflation.The Reserve Bank of

    May 3, 2016 02:08 pm JST
  • Submarine contract bolsters Franco-Australian ties

    SYDNEY -- Australia's recent decision to award the contract for the nation's next-generation submarine fleet to a French warship builder has the two countries enjoying a honeymoon period.Australian Prime Minister Malcolm Turnbull and Manuel Valls, h

    May 3, 2016 03:51 am JST
  • Australian confirms his identity as Bitcoin creator -- BBC

    SYDNEY (Reuters) -- Australian tech entrepreneur Craig Wright told the BBC on Monday he was the creator of controversial digital currency bitcoin, ending years of speculation about a person who until now has gone by the name of Satoshi Nakamoto.The

    May 2, 2016 05:03 pm JST
  • French PM says all Australian submarines to be built in Australia

    CANBERRA (Reuters) -- French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the French contractor who said last week the deal would create jobs i

    May 2, 2016 03:00 pm JST
  • Australia rejects massive Kidman farmland sale to China

    SYDNEY -- With a general election just months away and a growing unease among the public toward property purchases by Chinese interests, the Australian government has decided to block a sale of huge cattle farm holdings to a China-led consortium.Fed

    April 30, 2016 12:00 am JST
  • Yen hits 18-month peak, stays firm after BOJ skips easing

    SYDNEY/SINGAPORE (Reuters) -- The yen set an 18-month high against the dollar on Friday, staying firm in the wake of the Bank of Japan's decision the previous day to hold off from expanding its monetary stimulus.The dollar's drop gained momentum aft

    April 29, 2016 02:28 pm JST
  • Interviews

    Why Japan's Australian sub bid was a dud

    SYDNEY -- When Australia went looking for a partner to build its next-generation submarines, Japan was widely considered the front-runner. But the Japanese bid for the A$50 billion ($38 billion) contract lost momentum, and French industrial group DC

    April 29, 2016 11:00 am JST
  • Growbots promise to transform Australian agriculture

    SYDNEY -- Australia is 20 times the size of Japan, but has just a fifth of its population. To make use of this vast land for large-scale agriculture and mining, the support of robotics will be increasingly important. That is why, in 1997, the Univer

    April 28, 2016 12:00 pm JST
  • Growbots promise to transform Australian agriculture

    SYDNEY Australia is 20 times the size of Japan, but has just a fifth of its population. To make use of this vast land for large-scale agriculture and mining, the support of robotics will be increasingly important. That is why, in 1997, the Univers

    April 28, 2016 12:00 pm JST
  • For commodities markets, the bad times are just beginning

    For the commodities market, the good times have come and gone, but the bad times are only just beginning. Each commodities supercycle, defined as a decadelong bull market, has always been followed by a downturn that lasted just as long, or longe

    April 28, 2016 12:00 pm JST
  • A true recovery in oil prices remains elusive

    LAUSANNE, Switzerland A warm breeze is blowing through the commodities markets, stirring hopes that the long, harsh winter is over. Such optimism is not entirely without reason: Since the beginning of the year, prices of crude oil, nonferrous

    April 28, 2016 12:00 pm JST
  • New framework to facilitate mutual fund sales across Asia-Pacific

    TOKYO -- Japanese financial institutions will be able to offer mutual funds in other Asian markets without undergoing often lengthy approval procedures under a proposed region-wide legal structure. Slated to come into effect around the end of 20

    April 28, 2016 02:50 am JST
  • For commodities markets, the bad times are just beginning

    BANGKOK -- For the commodities market, the good times have come and gone, but the bad times are only just beginning. Each commodities supercycle, defined as a decadelong bull market, has always been followed by a downturn that lasted just as lon

    April 27, 2016 07:30 pm JST