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  • Stephen Grenville: Infrastructure spending fuels 'free lunch' debate

    The International Monetary Fund has joined growing calls from economists and international organizations for governments to step up infrastructure spending. The general case is compelling and looks set to be a point of unanimous agreement at the Nov

    October 23, 2014 12:00 am JST
  • Rio Tinto boss sees no need for M&A deals

    SYDNEY -- Rio Tinto, the Anglo-Australian resources giant, has no intention of conducting major mergers or acquisitions anytime soon. Instead, according to CEO Sam Walsh, the priority is to make the most of the company's existing portfolio and boost

    October 23, 2014 12:00 am JST
  • Widodo takes reins amid hopes, challenges

    JAKARTA -- Joko Widodo was sworn in as Indonesia's seventh president on Oct. 20. The country's first leader from outside its circle of elites, Widodo has raised hopes with his promises to tackle corruption, narrow the budget deficit and cut red tape

    October 23, 2014 12:00 am JST
  • Whitlam's true legacy was national confidence

    In Australia, conversations among the over-45s occasionally feature the question: "Where were you when Gough was sacked?" Foreign observers may be unfamiliar with the deep shock that gripped the country that day, but some might recall that in 1975,

    October 22, 2014 07:00 pm JST
  • Indonesian developers look abroad for new opportunities

    JAKARTA -- Indonesia's major government-affiliated property developers are increasingly planning offshore projects amid intense competition and weakening demand at home. Pembangunan Perumahan is looking to build a residential-commercial complex

    October 21, 2014 07:00 pm JST
  • Japan trading houses boost Australia wheat ops

    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 21, 2014 01:00 pm JST
  • China woos Australia, South Korea for regional development bank

    BEIJING -- China is seeking to rope Australia and South Korea into the Asian Infrastructure Investment Bank partnership to boost the institution's prestige and make it less menacing to the world's existing financial order. The fifth consultation

    October 21, 2014 05:06 am JST
  • Australia may join China-led development bank: finance minister

    TOKYO -- Australia is "actively considering" joining the China-headed Asian Infrastructure Investment Bank, Finance Minister Joe Hockey told The Nikkei here on Monday. Australia plans to sign a memorandum of understanding this week. Hockey said

    October 21, 2014 03:19 am JST
  • Indonesia's new president stresses self-reliance, maritime ambitions

    JAKARTA -- Indonesia's newly sworn-in president on Monday vowed to achieve political, economic and cultural self-reliance and rallied compatriots to "redeem our glory as a maritime country." "We will maintain a free and active" foreign policy as

    October 21, 2014 12:40 am JST
  • DJ: Asian shares slide, led by sharp drop in Nikkei

    A global selloff extended into Asia with stocks in Japan slumping over 2% to their lowest since May as growing concerns over economic growth around the world took its toll on the region. Markets in Asia were comparatively calmer than the U.S. wh

    October 16, 2014 11:50 am JST
  • Old science can solve problems in developing countries

    TOKYO -- Japanese companies will have to pursue new business models if they want to take advantage of the opportunities presented by developing and emerging markets. According to the World Bank, 1.2 billion people were living on less than $1.25

    October 16, 2014 12:00 am JST
  • Anders Corr: China threat requires an Asian NATO

    China's increasing belligerence in the East and South China seas, and toward India, has fundamentally destabilized the security dynamics of Asia. Japan is seeking a closer alliance with India and is likely seeking advanced offensive weapons from the

    October 16, 2014 12:00 am JST
  • Rio Tinto CEO confident M&A not needed

    SYDNEY -- Sam Walsh, CEO of Anglo-Australian resources giant Rio Tinto, says he is not looking to conduct major mergers or takeovers anytime soon. For now, the priority is "to develop what I have, and materially increase returns to shareholders."

    October 15, 2014 09:50 pm JST
  • Mitsubishi upbeat about new Aussie coal mine despite tough market

    MORANBAH, Australia -- Half of Australian coal mines are operating at losses due to low prices, but Mitsubishi Corp. is taking the long view, confident that its new coking coal venture with BHP Billiton here will prove a winner over time. The Ja

    October 15, 2014 07:00 pm JST
  • Hoshino Resort will operate hotel in Tahiti

    TOKYO -- Japanese hotel operator Hoshino Resort will soon have a presence in Tahiti. Starting in April 2015, the company will run the Hotel Kia Ora Resort & Spa for the property's owner, and tap its own domestic customer base among seniors to at

    October 15, 2014 03:21 am JST
  • Stephen Grenville: Infrastructure spending fuels 'free lunch' debate

    The International Monetary Fund has joined a growing call from economists and international organizations for governments to step up infrastructure spending. The general case is compelling and looks set to be a point of unanimous agreement at the No

    October 14, 2014 07:00 pm JST
  • Japan, S Korea finance ministers agree to resume regular talks

    WASHINGTON -- (Kyodo) Japanese Finance Minister Taro Aso said Friday he agreed with his South Korean counterpart to resume regular bilateral talks that have been suspended since Nov. 2012 amid strained diplomatic relations between the neighboring co

    October 11, 2014 01:00 pm JST
  • G-20 discuss infrastructure investment for growth, details due in November

    WASHINGTON (Kyodo) -- Finance chiefs of the Group of 20 major economies agreed Friday to work out details of an initiative to promote investment and foster growth worldwide at a time when the global economy faces a raft of slowdown risks. "We wi

    October 11, 2014 12:50 pm JST
  • Malaysia's Sime Darby resumes pursuit of Papua New Guinea plantation company

    KUALA LUMPUR -- State-controlled Malaysian conglomerate Sime Darby is offering 1.073 billion pounds ($1.73 billion) to buy out New Britain Palm Oil, a plantation company in Papua New Guinea. Sime Darby said the cash offer follows its receipt of

    October 9, 2014 06:00 pm JST
  • Japan's Gulliver to sell used cars in New Zealand

    TOKYO -- Gulliver International, Japan's largest marketer of used cars, will expand to New Zealand next month with the aim of opening up to 30 stores there within three years. The company will establish a wholly owned unit capitalized at 300,000

    October 8, 2014 02:33 am JST