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  • 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
  • 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