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  • Papua New Guinea's O'Neill predicts election victory

    HONG KONG This summer may not be the best time for Papua New Guinea's ruling party to face the voters as the economy -- which depends on exports of commodities such as natural gas, petroleum and copper -- feels the pinch of low gas prices.Growth has

    April 6, 2017 10:00 am JST
  • Reforms loudly proposed for New Zealand's central bank

    WELLINGTON New Zealand's central bank could be facing its biggest shakeup in nearly three decades. The departure of Gov. Graeme Wheeler later this year has fueled discussion among opposition parties seeking gains in the September general election as

    April 6, 2017 10:00 am JST
  • Wildlife bears the brunt of Australia's 'angry summer'

    SYDNEY Record-breaking summer heat waves in recent months have left Australians sweating and uncomfortable and killed thousands of animals, graphically illustrating the dangers that climate change poses to the world's driest inhabited continent.With

    April 6, 2017 10:00 am JST
  • Hedge funds suffer money exodus

    TOKYO -- Once wielding powerful influence on global financial markets, hedge funds are losing customers as more investors shun their high fees amid poor returns.Hedge funds tracked by Eurekahedge saw fund outflows of $60.7 billion by the end of Febr

    April 6, 2017 09:00 am JST
  • Steelmaking coal climbing out of recent valley

    TOKYO -- After falling sharply since November, spot prices of coking coal have begun recovering in the wake of a cyclone that damaged railroads in an Australian coal-producing region.Bellwether Australian coal, selling for $170 to $180 a ton, has ri

    April 5, 2017 10:00 am JST
  • Australia keeps rates on hold, sizzling housing market a worry

    SYDNEY (Reuters) -- Australia's central bank held rates steady for an eighth month on Tuesday, a widely expected decision, in the face of red hot housing markets in the biggest cities.The Reserve Bank of Australia (RBA) kept rates at a record low of

    April 4, 2017 02:13 pm JST
  • Global debt hits $215tn in 2016, led by emerging markets -- IIF

    Global debt rose to 325 percent of the world's gross domestic product in 2016, totalling $215 trillion, an Institute for International Finance report released on Monday showed, boosted by the rapid growth of issuance in emerging markets.Global debt

    April 4, 2017 09:14 am JST
  • Australia academic, home after being barred from leaving China, vows to return

    BEIJING (Reuters) -- Subjected to daily interrogations and blocked from leaving China for more than a week, Australia-based academic Feng Chongyi arrived home in Sydney on Sunday, vowing to return to the mainland later this year to complete his rese

    April 2, 2017 05:15 pm JST
  • Delivery startups taking on Australian postal giant

    SYDNEY -- Australian Postal Corp. may be in for a fall. After near dominance of the country's parcel delivery market for over 200 years, the giant finds itself being challenged by a growing number of startups offering more flexible alternatives at l

    April 2, 2017 01:00 pm JST
  • Indian Ocean economic bloc plagued by uncertainty

    JAKARTA -- The first leaders' meeting of the Indian Ocean Rim Association was held earlier this month in Jakarta. The regional alliance, comprising 21 member states along the edge of the Indian Ocean, was expected to make the most of the opportunity

    March 31, 2017 01:00 pm JST
  • Japan's BTMU plans international fund transfers via blockchain in 2018

    TOKYO -- Bank of Tokyo-Mitsubishi UFJ and six other international banking groups will launch next year a faster and lower-cost cross-border wiring service that uses blockchain, the core innovation behind virtual currency.Banks have poured large sums

    March 31, 2017 02:00 am JST
  • China's bottomless appetite keeping iron ore prices up

    TOKYO -- Prices of iron ore remain lofty as Chinese steelworks boost Australian and other imports to meet strong demand for steel.The benchmark spot price of Australian ore with 62% iron content flirted with $100 a ton recently, standing 60% above w

    March 29, 2017 04:58 am JST
  • Interview

    Papua New Guinea PM 'reasonably confident' about election

    HONG KONG -- It may not be the best time for Papua New Guinea's ruling party to face the voters this summer as the nation dependent on commodity exports feels the pinch of low prices. Economic growth has slowed from the breakneck 13.3% pace of 2014

    March 29, 2017 02:18 am JST
  • Brazil meat scandal opens way for Aussie beef in China

    SYDNEY -- Brazil's tainted beef scandal looks to be almost over with China lifting its import ban, but a new meat agreement between China and Australia offers Australian beef exporters a chance to reclaim market share lost to the South American coun

    March 28, 2017 04:20 pm JST
  • Australia's race discrimination reforms spark debate

    MELBOURNE -- A bid by Australia's center-right prime minister to scale back race-hate laws that have been blamed for stifling expression has reignited a sensitive and long-simmering debate on the balance between free speech and tolerance in a plural

    March 28, 2017 08:00 am JST
  • China blocks Sydney-based academic from returning to Australia

    SYDNEY -- As Australia warms to a charm offensive by visiting Chinese Premier Li Keqiang, officials in China have soured the atmosphere by preventing a Chinese-Australian critic from returning to his post at a Sydney university.Feng Chongyi, an asso

    March 27, 2017 07:10 pm JST
  • Formula One Asian expansion stalls amid growing losses

    SEOUL -- When the 2017 Formula One season motor racing gets underway in a roar of engines on Melbourne in Sunday, it will signal the start of another crucial year for the sport, especially in the Asia-Pacific region.Boasting the fastest race cars in

    March 25, 2017 09:00 am JST
  • Amid doubts over US role in trade, Australia jumps at beef deal with China

    SYDNEY -- Australia can be friends with both the U.S. and China, Prime Minister Malcolm Turnbull said Friday after meeting with Chinese Premier Li Keqiang, indicating that Canberra will not play favorites between its superpower ally and its biggest

    March 25, 2017 02:00 am JST
  • Nick Bisley and Brendan Taylor

    On being allied to Trump's America

    For the first time in two generations, Australians are contemplating life without the American alliance. Alternatives to this long-standing pillar of Australian foreign and strategic policy are being pitched by influential commentators, media and th

    March 24, 2017 06:30 pm JST
  • Australia revisits iconic hydro scheme as coal power wanes

    SYDNEY -- A vast hydroelectric project completed more than 40 years ago in the Australian Alps is the centerpiece of a 2 billion Australian dollar ($1.53 billion) rescue plan being pushed by Prime Minister Malcolm Turnbull to stave off a potential e

    March 23, 2017 05:00 pm JST