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  • Kansai Electric to take stake in Aussie LNG project

    OSAKA -- Kansai Electric announced Wednesday it will acquire a partial interest in a liquefied natural gas project in Australia. The electric company will buy 1.2% of the stake in the Ichthys LNG project now held by Japan's top energy explorer,

    August 21, 2014 03:07 am JST
  • Is Asia's richest man pulling out of China?

    HONG KONG -- On May 8, Cheung Kong (Holdings) announced that it wanted to buy Australia's Envestra for 2.37 billion Australian dollars ($2.2 billion) in cash. The offer, made by a consortium formed with two group companies, represented a 16.8% premi

    August 21, 2014 12:00 am JST
  • Chugoku Electric to invest in Aussie coal

    OSAKA -- Chugoku Electric Power is acquiring a partial interest in an Australian coal mine -- the latest of many moves by Japanese power companies toward conventional energy with nuclear reactors still on lockdown after the 2011 disaster. The ut

    August 19, 2014 05:51 am JST
  • John Edwards: Coming monetary tightening will expose G-20's vulnerabilities

    Whether or not it is a formal part of the agenda for the Group of 20 finance ministers and central bankers in Cairns, Australia, in September (or Washington, D.C., in October), there is little doubt that the biggest global economic problem today is

    August 18, 2014 01:00 pm JST
  • New Zealand's Key likely to win third term

    Sydney -- New Zealand's strong economy is likely to help the ruling National Party win a major victory in a September general election. Increasing inflationary pressures pushed the country's central bank to start tightening monetary policy from

    August 17, 2014 07:00 am JST
  • Asean-size window of opportunity opening up for Japan

    Association of Southeast Asian Nations members and other regional players have held a series of ministerial-level meetings in Myanmar's capital, Naypyitaw. While disputes over islands in the South China Sea were a major focus of the discussions, par

    August 14, 2014 12:00 am JST
  • IHI to build 30 billion yen power plant in Australia

    TOKYO -- IHI has been awarded a contract to supply three gas turbine systems worth about 30 billion yen ($290 million) to an Australian power plant, the engineering company announced Tuesday. IHI will install three LM6000 turbines based on a Gen

    August 13, 2014 02:00 am JST
  • NTT to buy Australia's Oakton for $160M, boost cloud services

    TOKYO -- Major Japanese telecommunications provider NTT is set to buy an Australian consulting and technology company through its South African subsidiary, as it looks to strengthen its cloud computing business overseas. Nippon Telegraph and Tel

    August 12, 2014 02:00 pm JST
  • New Zealand's dairy producer prods Japanese agriculture into change

    TOKYO -- The arrival of innovative farm management from New Zealand could very well help speed up Japan's notoriously slow pace of agricultural reform. Fonterra Co-operative Group in July began soliciting dairy farmers in Hokkaido as part of a p

    August 8, 2014 07:00 pm JST
  • Mining companies playing a game called survival of the biggest

    SYDNEY -- Iron ore prices continue to fall. And the companies that most want to profit from their iron deposits are to blame -- they keep bringing out more ore in their quest for economies of scale and more market share. The iron ore output at R

    August 8, 2014 07:00 pm JST
  • James To: Beijing muzzling Chinese media abroad

    In the wake of the 1989 Tiananmen massacre, the Chinese government was eager to change its image from one of a brutal dictator to a softer, responsible, international power. China's state-controlled media were told to expand overseas and to set up m

    August 7, 2014 12:00 am JST
  • Iron ore giants see downturn as opportunity

    BANGKOK -- These are tougher times for the world's iron ore miners. After four years of record prices, the commodity has fallen back to earth and is now selling at $95 per ton, down from $135 at the start of the year, as China's economy - which cons

    August 6, 2014 07:00 pm JST
  • Iron ore prices supported by speculative demand in China

    TOKYO -- International iron ore prices are resisting further declines, but speculative demand in China caused by financial transactions is adding unpredictability to the market. The benchmark Australian iron ore price dropped by 34% to $89 per t

    August 6, 2014 01:00 pm JST
  • China's Fosun to buy Australian oil concern

    SHANGHAI -- Investment company Fosun International has proposed to acquire all shares of Australia's Roc Oil for 474 million Australian dollars ($447 million) in a move to enter the petroleum business and tap growing Chinese demand. The offer pr

    August 6, 2014 05:13 am JST
  • GM entering the fray in Southeast Asia, India

    BANGKOK/SINGAPORE/SHANGHAI -- General Motors shifted its international headquarters from Shanghai to Singapore on Tuesday, taking a step toward challenging Japanese dominance in Southeast Asia and South Asia. Now that the company has bounced bac

    August 6, 2014 03:17 am JST
  • Australia shows signs of warming up to Chinese investment

    In many ways, Australia and China are closely connected. When it comes to direct investment in Australia, however, China lags behind a number of other major countries. This is largely attributable to Canberra's screening process and cautiousness abo

    July 31, 2014 07:00 pm JST
  • Stephen Grenville: Gloomy Australians underrate the 'lucky country'

    Australians are congenital worriers about their economy, perhaps reflecting the country's history of boom-and-bust cycles. Through a mixture of good luck and competent policy, Australia is now in its 23rd year of recession-free growth, having come t

    July 31, 2014 12:00 am JST
  • Aussie iron queen poised to join the ranks of majors

    PILBARA, Australia -- With the development of what will be one of the biggest iron mines in Australia, Gina Rinehart has taken her late father's dream a step closer to reality. Rinehart took the helm of Australian natural resources firm Hancock

    July 29, 2014 07:00 pm JST
  • Aussie dollar getting top-heavy as economy sags

    SYDNEY -- The Australian dollar has been top-heavy against its U.S. counterpart recently, partly due to concerns over an economic slowdown and a verbal intervention by the central bank. On July 1, the Australian currency traded near its eight-mo

    July 24, 2014 12:00 am JST
  • Singapore firms selling off Australian assets as resource boom fades

    SINGAPORE -- Companies here are actively selling off large amounts of Australian assets. These companies are trying to adjust their portfolios to reduce risk, amid growing signs that Australia's economy is slowing as the resource boom fades. Ola

    July 24, 2014 12:00 am JST