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  • Australia's Great Barrier Reef under bleaching threat

    SYDNEY -- Teeming with neon-colored fish and vast ranges of branching, bulging, sculptural coral, Australia's Great Barrier Reef is one of the world's natural wonders. It is also a highly vulnerable asset now under threat from extreme weather condit

    May 13, 2017 09:00 am JST
  • Australia looks to dig deep for new growth

    CANBERRA, Australia -- Seeking a new engine of growth following the commodities boom, Prime Minister Malcolm Turnbull's government has proposed spending 75 billion Australian dollars ($55.1 billion) over a decade on new rail, roads and the foundatio

    May 10, 2017 03:19 am JST
  • Asia remains 'core market' for Barclays -- Asia Pacific co-head

    YOKOHAMA, Japan -- Despite cutting a large number of jobs and shutting down several offices across the region, Asia remains a core market for Barclays, its Asia Pacific co-head Jaideep Khanna told the Nikkei Asian Review.2016 was a year of restructu

    May 9, 2017 11:00 am JST
  • Australia's Crown Resorts quits Macau as Packer sells Melco stake

    SYDNEY (Reuters) -- Australian billionaire James Packer's casino group Crown Resorts Ltd has agreed to sell its remaining stake in Macau-focused Melco Resorts and Entertainment Ltd for $1.16 billion, ending its exposure to the Asian gaming hub.Crown

    May 9, 2017 10:53 am JST
  • Interview

    China holds limited influence over North Korea: expert

    SYDNEY -- With Beijing having no middle ground between doing nothing or committing fully to pushing Pyongyang toward denuclearization, it is unclear how willing or even effective China will be, the research director of the U.S. Studies Center at the

    May 8, 2017 03:00 pm JST
  • Philippines, US kick off annual joint military exercise

    MANILA (Kyodo) -- The Philippines and the United States on Monday began a scaled-back version of their annual large-scale military exercise amid moves in the Southeast Asian nation's leadership for more independence from its decades-long ally.Exerci

    May 8, 2017 11:04 am JST
  • TPP members agree to go on minus US, but differ on terms

    TORONTO -- The 11 remaining Trans-Pacific Partnership members agreed over two-day talks here to resuscitate the trade pact without the U.S., but differences remained over the shape the new deal would take.The gathered representatives agreed to "keep

    May 5, 2017 02:20 am JST
  • Fairfax Media job cuts trigger industrial action

    Journalists at one of Australia's best-known newspaper publishers, Fairfax Media, will strike for seven days in protest at the company's plans to cut the equivalent of 125 full-time journalist positions, or one in four from the already depleted news

    May 4, 2017 09:20 pm JST
  • New Pacific trade pact goes against the protectionist tide

    AUCKLAND With international trade deals around the world breaking down, a new pact among 14 Pacific nations offers hope of progress even if its impact is likely to be mostly symbolic.Australia, New Zealand and 12 smaller island nations are to sign t

    May 4, 2017 10:00 am JST
  • Mitsui plants seeds to lift output of 'super onion'

    TOKYO -- Trading house Mitsui & Co. will boost production of what it calls a "super onion" packed with health benefits.Mitsui's Sarasara Gold brand of onion, now grown on Japan's northern island of Hokkaido, is said to contain double to triple the a

    May 4, 2017 05:50 am JST
  • Australia mulls ways to dilute foreign demand for property

    SYDNEY -- Real estate in Sydney and Melbourne, Australia's biggest cities, is appreciating at such a rate that some experts are warning of a bubble that could soon burst. House and apartment prices in these two cities increased by about 19% and 16%

    May 3, 2017 09:30 pm JST
  • Papua New Guinea's premier faces balancing act between Australia, China

    SYDNEY -- Papua New Guinea's prime minister and his party will likely retain their ruling status in the upcoming general election. But even if they win, they will continue to face a balancing act as they try to please rivals China and Australia, who

    May 3, 2017 11:00 am JST
  • Talks kick off on 'TPP 11' pact minus US

    TORONTO -- Remaining signatories to the Trans-Pacific Partnership launched their first full-fledged negotiations Tuesday afternoon on a so-called TPP 11 trade pact without American participation as new senior partner Japan hoped for an agreement thi

    May 3, 2017 04:45 am JST
  • Aussie bank ANZ posts 6% profit growth for October-March

    SYDNEY -- Australia and New Zealand Banking Group's net profit rose 6% on the year to 2.91 billion Australian dollars ($2.19 billion) for the six months ended March, the company reported Tuesday.Restructuring efforts were a key factor, CEO Shayne El

    May 3, 2017 01:20 am JST
  • Aussie iron ore giants remain bullish despite price drop

    SYDNEY -- Major Australian iron ore miners are gearing up to bolster production despite falling prices, expecting demand from China and India to continue growing.Rio Tinto's production report for the January-March quarter shows its output in Austral

    May 2, 2017 04:15 pm JST
  • Japan Post cuts a mean loss, but can it grow?

    TOKYO -- Japan Post Holdings aims for a quick recovery following a decisive write-down spearheaded by two veteran bankers. But with the acquisition supposed to have lead its expansion into overseas logistics having produced the very same loss, its p

    May 2, 2017 08:20 am JST
  • Inpex falls further behind on Aussie LNG project

    TOKYO -- Japanese oil company Inpex says a liquefied natural gas project in Australia will begin production by next March, moving back the deadline again by as much as half a year.The Ichthys project involves extracting gas from a field off the coas

    May 1, 2017 02:00 am JST
  • Asia-Pacific press freedom takes another step back

    HONG KONG -- Freedom of the press is eroding all across the globe, according to the latest findings by watchdog organization Reporters without Borders. While relatively speaking, the Asia-Pacific region is not as bad as others, like the Middle East

    April 29, 2017 01:00 pm JST
  • Fonterra takes lead in product safety with new tracking system

    SYDNEY -- New Zealand dairy giant Fonterra Co-operative Group is preparing to introduce a global product-tracking system by 2020, allowing it to monitor the entire production process, from collecting milk to processing it to delivering the products

    April 28, 2017 01:35 pm JST
  • Interview

    Tokyo to push for TPP without US, says Aso

    TOKYO -- Japan wants to convince 10 other Pacific Rim countries to enter into the Trans-Pacific Partnership deal without the U.S., Deputy Prime Minister Taro Aso said on Thursday.In a reversal of earlier reticence about a TPP minus the U.S., Japan n

    April 27, 2017 09:00 pm JST