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  • M&A activity

    Japanese drinks groups seek global depth

    TOKYO -- Asahi Group Holdings' move into Europe shows how eager Japanese drinks groups are to expand beyond a shrinking domestic market. Asahi, whose acquisitions had focused on the Asia-Pacific region, has bid for four SABMiller companies, incl

    February 12, 2016 02:00 am JST
  • Australian defense

    Mitsubishi Heavy willing to build subs Down Under

    SYDNEY -- Hungry for a defense contract worth tens of billions of U.S. dollars, Mitsubishi Heavy Industries has expressed a willingness to construct Australia's next-generation submarines entirely in-country. The company "will be happy to oblige

    February 12, 2016 01:00 am JST
  • China falls hard for New Zealand's beauty

    WELLINGTON The discovery of gold brought the first wave of Chinese to New Zealand in the 1860s. A century and a half later, another wave of Chinese is landing on these shores, this time just to take in the country's natural beauty. Last year,

    February 11, 2016 12:00 pm JST
  • Scramble for safety boosts yen, gold and bonds

    SYDNEY (Reuters) -- Fresh cracks appeared in global markets on Thursday as investors sought the safety of Japanese yen, gold and top-rated bonds while dumping U.S. dollars on bets the Federal Reserve could be done raising interest rates. Even th

    February 11, 2016 11:41 am JST
  • The new globetrotters

    China falls hard for New Zealand's beauty

    WELLINGTON -- The discovery of gold brought the first wave of Chinese to New Zealand in the 1860s. A century and a half later, another wave of Chinese is landing on these shores, this time just to take in the country's natural beauty. Last year,

    February 10, 2016 05:00 pm JST
  • Asia stocks drop as bank concerns smoulder, yen stands tall

    TOKYO (Reuters) -- Asian stocks fell on Wednesday on growing concerns about the health of the world's banks, particularly in Europe, pushing investors into safer assets such as the yen, which stood near a 15-month high versus the dollar. Spreadb

    February 10, 2016 02:36 pm JST
  • Asia dips amid smouldering banking sector concerns, yen stands tall

    TOKYO (Reuters) -- Asian stocks dipped early on Wednesday amid smouldering banking sector concerns, particularly banks in Europe, while the safe-haven yen stood atop large gains made overnight. MSCI's broadest index of Asia-Pacific shares outsid

    February 10, 2016 09:48 am JST
  • Food and agriculture trade

    TPP to help protect brands, lower nontariff barriers

    SYDNEY/TOKYO -- The Trans-Pacific Partnership, a comprehensive free trade agreement spanning parts of the Asia-Pacific, is expected to lower tariffs on food and agricultural products. The pact could also bring food producers broader benefits by prot

    February 8, 2016 07:00 pm JST
  • Travel industry

    Vanuatu's tourism stranded

    AUCKLAND, New Zealand -- Air New Zealand, Qantas and Virgin Australia have abruptly suspended ticket sales to Vanuatu because of concerns that the Pacific island nation's main international airport is quite literally falling apart. Vanuatu was

    February 8, 2016 11:55 am JST
  • Australian politics

    Straight-shooter Joyce heads for bigger role

    SYDNEY -- By the age of 10, Barnaby Joyce had already decided he would like to be prime minister of Australia one day. By the end of high school, he had scaled back his expectations to the more modest pairing of "grazier [rancher] and politician."

    February 8, 2016 11:08 am JST
  • Indonesia's food industry

    Japanese companies cater to beef-hungry consumers

    TOKYO/SYDNEY/JAKARTA -- As incomes rise in Indonesia, the heavily Muslim population's growing taste for beef has gotten Japanese businesses like restaurant operators and meat processors salivating.Hearty appetitesAn outpost of the Gyu-Kaku barbecue

    February 6, 2016 05:57 am JST
  • Curtis S. Chin and Jose B. Collazo

    Obama must leave a legacy of closer links with SE Asia

    At a ceremony in New Zealand on Feb. 4, representatives of the United States and 11 other Asia-Pacific nations formally signed on to what may well become one of the largest ever multinational trade deals. The Trans-Pacific Partnership will, if imple

    February 5, 2016 07:25 pm JST
  • Pacific Rim free trade deal signed in NZ ceremony

    AUCKLAND, New Zealand (Kyodo) -- Twelve Pacific Rim countries representing around 40 percent of the world economy signed a free trade deal Thursday in a ceremony in Auckland, New Zealand. Japan, the United States, New Zealand and nine other cou

    February 4, 2016 03:00 pm JST
  • Tobias Harris

    US uncertainty should not stop Asian leaders from ratifying TPP

    The Trans-Pacific Partnership was signed in New Zealand on Feb. 4, starting the race to ratify the historic twelve-country trade agreement. By signaling that it intends to pass TPP implementing legislation during the 2016 ordinary session, the cabin

    February 4, 2016 12:00 pm JST
  • Australia, NZ dollars near 1-month highs as Fed uncertainty hits greenback

    SYDNEY/WELLINGTON (Reuters) -- The Australian and New Zealand dollars held near one-month highs on Thursday after a sharp fall in their U.S. counterpart and a rebound in oil prices sparked a revival in risk appetite. The Australian dollar was up

    February 4, 2016 12:00 pm JST
  • Thailand's 'child angel' dolls blur the line between spiritual and quirky

    Many people might find something slightly disturbing about seeing adults playing with dolls, even more so if they are trying to feed their inanimate "offspring" in a restaurant or buckle them into an airline seat. But if that doll is also a religiou

    February 4, 2016 12:00 pm JST
  • Rice politics

    Japanese farmers have reasons to fear and cheer the TPP

    TOKYO -- With officials from Japan, Australia, the U.S. and nine other countries set to attend a TPP signing ceremony on Thursday, the economic pact that is to span parts of the Asia-Pacific region will take another step toward implementation. E

    February 3, 2016 06:00 pm JST
  • Australian economy

    Cheap crude weighing on resource, energy sectors

    SYDNEY -- Cheap crude prices are hitting earnings and stock prices of Australian resource and energy companies. BHP Billiton said Jan. 15 it would write down US$7.2 billion in pre-tax value of its U.S. shale gas business in the July-December per

    January 30, 2016 01:00 pm JST
  • Trans-Pacific Partnership

    Opponents to protest signing of trade deal

    WELLINGTON -- When 12 trade ministers representing 40% of the global economy gather in Auckland on Feb. 4 to sign the Trans-Pacific Partnership agreement, a loud protest nearby will remind them of how much work remains to make the landmark deal a re

    January 29, 2016 01:00 pm JST
  • Plunging indexes mark ominous start for 2016

    Markets around the world are in a tailspin. The perfect storm of a U.S. interest rate hike, a Chinese slowdown and plummeting crude oil prices means the outlook for the world economy is dismal. If investor fears continue to grow, the global economy

    January 28, 2016 12:00 pm JST