Search results

Results 1 - 20 of 534
  • Emissions debate

    Australia faces pressure to go green

    MELBOURNE -- Domestic pressures are adding to international criticism of Australia's stance on global warming, with growing calls for the government to crack down on carbon emissions and support renewable energy. When it comes to greenhouse gas

    April 24, 2015 07:00 pm JST
  • Nonferrous metals

    Zinc, lead prices hit 5-month high on supply concern

    TOKYO -- International prices of zinc and lead have rebounded to the highest in about five months amid concerns of a supply slowdown later this year. But with demand not so strong, prices may fall back again. Zinc futures on the London Metal Exc

    April 24, 2015 05:32 am JST
  • More easing expected

    Australian dollar could decline further as RBA head hints at rate cuts

    TOKYO -- Market watchers expect the Australian dollar to weaken further. Reserve Bank of Australia Gov. Glenn Stevens hinted at cash rate cuts on Monday, spurring speculation that the central bank could decide on additional monetary easing at its Ma

    April 23, 2015 01:00 pm JST
  • Mining gets high tech

    Self-driving dump trucks, automatic shovels coming to Australian mines

    SYDNEY -- Japanese construction machinery makers are introducing information and communications technology to mining machines in Australia. The move comes as major British-Australian miners Rio Tinto and BHP Billiton cut costs amid sluggish resource

    April 23, 2015 01:00 pm JST
  • Snaring business by making Palau a greener paradise

    TOKYO -- A Japanese green solutions company is forging business opportunities in Palau, where it is helping the Pacific island nation to establish a low-carbon, recycling-oriented society. "Sorting waste can generate electricity to power a fan l

    April 23, 2015 12:00 am JST
  • Talk of Chuuk independence resonates across Pacific

    AUCKLAND -- A call for independence has emerged in the tiny Pacific atoll of Chuuk, and it threatens to unravel the Federated States of Micronesia, a strategic military partner for the U.S. since World War II. Chuuk, with a population of 53,500,

    April 23, 2015 12:00 am JST
  • Garuda Indonesia

    Flag carrier bets heavily on China for turnaround

    JAKARTA -- Garuda Indonesia's new CEO is refocusing the flag carrier's international strategy toward China, the Middle East and Europe in a bid to return to profit. "I have to concentrate on how to maximize our capacity in suitable markets," Ari

    April 17, 2015 07:00 pm JST
  • Australian natural resources

    Slow hard road for China coal project

    SYDNEY -- China's giant state-owned Shenhua Group has spent more than 700 million Australian dollars ($539 million) in the last seven years on its Watermark coal project in the Australian state of New South Wales, including a A$300 million up-front

    April 17, 2015 07:00 pm JST
  • Asia must work together to fight epidemics

    One year has passed since the outbreak of the Ebola epidemic in West Africa. The official death toll, which includes figures for such countries as Guinea, Liberia and Sierra Leone, has surpassed 10,000. Though some experts say the worst of the Ebola

    April 16, 2015 12:00 am JST
  • Tycoon's forced Sydney sell-off worries China property investors

    SYDNEY -- Are we welcome in Australia or not? It is a fair question from foreign investors looking to buy Australian assets, following last month's shock ruling that will force one of China's richest men, Xu Jiayin, to sell a Sydney harborside mansi

    April 16, 2015 12:00 am JST
  • 'Asian premium' vanishes as LNG prices tumble

    TOKYO -- Spot prices for liquefied natural gas in Asia have fallen to around $7 per million British thermal units, nearly equal to prices in Europe. LNG prices have long been higher in Asia than in Western countries due to the "Asian premium," t

    April 16, 2015 12:00 am JST
  • Asian central banks hold off on easing -- for now

    BANGKOK -- Despite wide expectations for another round of key interest rate cuts, the central banks of India, Australia, South Korea and Indonesia decided earlier this month to maintain the status quo. Each bank had its own convincing reasons for do

    April 16, 2015 12:00 am JST
  • Call for independence

    Chuuk's breakaway talk resonates across Pacific

    AUCKLAND -- A call for independence has emerged in the tiny Pacific atoll of Chuuk, and it threatens to unravel the Federated States of Micronesia, an island group that has been a strategic military partner for the U.S. since World War II. Chuuk

    April 15, 2015 01:00 pm JST
  • World Bank outlook

    Developing East Asia and Pacific slowing

    SINGAPORE -- Despite low oil prices, the World Bank predicts that growth in the developing economies of East Asia and the Pacific will slow to 6.7% because of China's weaker economy and uneven recovery in more developed economies. The Washington

    April 14, 2015 01:00 pm JST
  • End of bull run?

    Early supporters of Tokyo stock upturn cashing out

    TOKYO -- While latecomers to the Tokyo stock market continue to snap up Japanese shares, those who hopped on the bandwagon early have begun unloading the equities, raising concern that the influx of foreign money may end. The Nikkei Stock Averag

    April 14, 2015 04:36 am JST
  • Palau recycling

    Japan helps reduce carbon footprint, snare business

    TOKYO -- A Japanese green solutions company is working to forge business opportunities through creating a low carbon recycling society in Palau, the western Pacific island nation recently visited by Japan's emperor and empress. "Sorting waste c

    April 13, 2015 07:00 pm JST
  • Dicey Down Under

    China's casino push losing steam in Australia

    SYDNEY -- In Australia's Queensland, political uncertainty is clouding the 17 billion Australian dollars worth of Chinese-backed casino projects that have been in motion for over a year. In 2013, the state government opened the door on the integ

    April 11, 2015 01:00 pm JST
  • Komatsu Australia

    CEO sees silver linings in iron's decline

    SYDNEY -- Australian mining companies have been forced into a corner by the decline in iron ore prices. To improve profitability, they are cutting spending on mining machinery. Sean Taylor, chief executive of Komatsu Australia, a local unit of the J

    April 10, 2015 01:00 pm JST
  • Emperor, empress mourn war dead on Palau's Peleliu Island

    PELELIU, Palau (Kyodo) -- The Japanese imperial couple commemorated Thursday those who lost their lives during World War II by visiting a monument for the war dead erected by the Japanese government on Peleliu Island, part of the west Pacific nation

    April 9, 2015 12:11 pm JST
  • Rio Tinto chief undaunted by iron ore slump

    TOKYO -- The plunging value of iron ore is squeezing companies in the resource sector. For some high-cost producers, a recent decline in the price to below $50 per ton, a roughly 10-year low, may spell doom. For Anglo-Australian miner Rio Tinto, it

    April 9, 2015 12:00 am JST