Search results

Results 1 - 20 of 221
  • 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
  • Weaponizing the world

    Military spending in 2013 showed year-on-year growth worldwide in all regions except for the U.S., Europe and Oceania. Increases were particularly high in emerging economies. China has nearly tripled its military spending over a decade, and now acco

    July 24, 2014 12:00 am JST
  • Infrastructure privatization in Australia could equal 10% of GDP

    TOKYO -- The potential value of infrastructure to be privatized in Australia over the next six years could total 125 billion Australian dollars ($117.3 billion), equivalent to just under 10% of its gross domestic product, according to Trade Minister

    July 23, 2014 05:20 am JST
  • NTT pivoting to cloud computing overseas

    TOKYO -- Nippon Telegraph and Telephone is working to make cloud computing the core of its information technology business outside Japan, selling off a subsidiary handling equipment sales while building up data center infrastructure and personnel.

    July 23, 2014 04:33 am JST
  • Backlash builds over Australian university reforms

    SYDNEY -- Australia's conservative government is facing growing political obstacles to its controversial plan to cut $5.42 billion in funding to the country's university sector. The move would see 20% trimmed from university research budgets and

    July 22, 2014 01:00 pm JST
  • Singaporean yacht builder buys Australian rival

    SINGAPORE -- Grand Banks Yachts, a luxury yacht builder in Singapore dating from 1956 and connected to Malaysian tycoon Lim Kok Thay of the Genting Group, is acquiring an Australian rival company, Palm Beach Motor Yacht, in an ongoing effort to retu

    July 21, 2014 10:15 pm JST
  • Philippines' Universal Robina buys New Zealand snack firm for $610M

    MANILA -- Universal Robina of the Philippines has purchased New Zealand's largest snack food company in a deal worth 700 million New Zealand dollars ($610 million). The deal, subject to regulatory approval, marks Universal Robina's first move ou

    July 21, 2014 05:40 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 21, 2014 05:00 pm JST
  • G-20 trade chiefs reaffirm importance of trade facilitation

    SYDNEY (Kyodo) -- Trade ministers from the Group of 20 industrialized and emerging economies on Saturday reaffirmed the importance of promoting global trade facilitation, a key part of a trade deal agreed last year in Bali. Attention was focused

    July 19, 2014 09:30 pm JST
  • Mitsubishi to enter Australian diesel market

    TOKYO -- Mitsubishi Corp. will begin importing and selling diesel fuel in Australia in 2016, capitalizing on swelling demand from resource development projects and shrinking domestic production. The trading house will spend 10 billion yen ($97.7

    July 19, 2014 02:00 am JST
  • New Zealand dollar in flux ahead of central bank's rate decision

    TOKYO -- The New Zealand dollar has been sliding against the greenback, a reversal from a recent uptrend. The kiwi had been on the rise due in part to the Reserve Bank of New Zealand's stated intention to lift its official cash rate. With domes

    July 18, 2014 07:00 pm JST
  • Australia housing debt seen as 'source of systemic risk'

    SYDNEY -- Australia's high levels of housing debt could be a source of "systemic risk" to the economy, a landmark review of the financial system has found. The report is likely to trigger important debates for ensuring that the country's financial s

    July 18, 2014 07:00 pm JST
  • Australia repeals carbon tax

    SYDNEY -- Australia decided Thursday to abolish a tax on companies that emit high levels of greenhouse gases, concerned about the effect on economic activity. The upper house approved legislation that had already passed the lower house. The repe

    July 18, 2014 06:26 am JST
  • Australian gov't repeals controversial carbon tax

    SYDNEY (Kyodo) -- Australia's conservative coalition government on Thursday successfully repealed the country's controversial carbon tax, a measure passed two years earlier by the previous center-left Labor government to combat climate change. T

    July 17, 2014 12:10 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 15, 2014 07:00 pm JST
  • Singapore firms selling off Australian assets as resource boom fades

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

    July 15, 2014 07:00 pm JST
  • Japan PM Abe visits war memorial in Papua New Guinea

    WEWAK, Papua New Guinea (Kyodo) -- Japanese Prime Minister Shinzo Abe visited a World War II memorial Friday in Wewak, northern Papua New Guinea, becoming the first incumbent Japanese premier to do so. Abe offered flowers at the memorial, built

    July 11, 2014 12:05 pm JST
  • Japan should enhance security via international cooperation

    Balance of power changes among large states can destabilize the international order that acted as a major brake on potential conflict. This is one of the most important lessons from history, and exactly what is happening today. Now is the time for J

    July 10, 2014 12:00 am JST
  • BHP Billiton CEO talks about the planet's post-supercycle future

    SYDNEY -- BHP Billiton -- the big mining, metals and petroleum multinational based in Melbourne, Australia -- will invest more in the energy sector, CEO Andrew Mackenzie told The Nikkei on July 4. The coming shift is a reaction to slowing demand for

    July 10, 2014 12:00 am JST