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  • TPP's remaining members ease path for trade deal

    TOKYO -- The 11-member Trans-Pacific Partnership trade pact has looser provisions for full implementation than in the original version, according to the final text released Wednesday.For the so-called TPP-11 to go into force, at least six countries,

    February 23, 2018 02:42 am JST
  • Sime Darby Plantation plans to cut stake in Papua unit

    KUALA LUMPUR (Nikkei Markets) -- Malaysia's Sime Darby Plantation, the world's largest palm oil producer by acreage, said Thursday it plans to cut stake in its Papua New Guinea unit, while considering buying a financially ailing Indian edible oil re

    February 22, 2018 08:06 pm JST
  • Australian miners ramp up investment in electric-vehicle metals

    SYDNEY -- Australia's mining companies are shelling out more to find copper and other materials used in electric vehicles as demand for the next-generation automobiles grows.Anglo-Australian mining group BHP Billiton looks to invest $6.9 billion in

    February 22, 2018 12:15 pm JST
  • Beijing hits back at criticism of its Maldives policy

    BEIJING China has blasted claims by former Maldivian President Mohamed Nasheed that Beijing is trying to take over the island nation as "absolutely false."Chinese Foreign Ministry spokesman Geng Shuang, speaking to reporters on Feb. 13, said Nasheed

    February 22, 2018 10:00 am JST
  • China debt puts the Maldives at risk of 'land grab,' ex-leader warns

    COLOMBO Massive debts could force the Maldives to cede territory to China as early as 2019, according to former Maldivian President Mohamed Nasheed, who also warns that a flawed presidential election this year would open the door for a Chinese takeo

    February 22, 2018 10:00 am JST
  • Australia, US, India and Japan in talks to establish Belt and Road alternative: report

    SYDNEY (Reuters) -- Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China's multibillion-dollar Belt and Road Initiative in an attempt to counter Beijing's spre

    February 19, 2018 05:54 pm JST
  • Chinese gas demand spurs new investments in Papua New Guinea

    DENPASAR, Indonesia -- Strong growth in gas demand from China is set to trigger a new round of major investment in Papua New Guinea, which urgently needs a financial boost.ExxonMobil of the U.S. and Total of France, two oil supermajors, along with O

    February 16, 2018 11:30 am JST
  • China-fueled property boom distorts markets in Asia-Oceania

    SINGAPORE -- As red-hot investment money from China continues to drive up real estate prices in Asia and Oceania, local authorities have started taking steps to curb the enthusiasm before things get out of control.In Hong Kong, a group of investors

    February 14, 2018 03:50 pm JST
  • Australia's Woodside to raise $2bn for Scarborough stake, oil and gas projects

    MELBOURNE (Reuters) -- Woodside Petroleum, Australia's biggest independent gas and oil producer, is set to raise A$2.5 billion ($1.96 billion) to fund the purchase of ExxonMobil Corp's stake in the Scarborough gas field and to support projects at ho

    February 14, 2018 11:17 am JST
  • New Zealand lawmaker Bill English quits after election loss

    WELLINGTON (AP) -- New Zealand's opposition leader Bill English is quitting after losing last year's election.The former prime minister told reporters Tuesday he was resigning as leader of the conservative National Party and leaving Parliament.Engli

    February 13, 2018 11:49 am JST
  • Trump taps US Pacific Commander Harris as ambassador to Australia

    WASHINGTON (Reuters) -- President Donald Trump on Friday named U.S. Pacific Commander Admiral Harry Harris, who is known for his hawkish views on China's military expansion, as his pick to serve as the American ambassador to Australia, the White Hou

    February 10, 2018 07:28 am JST
  • China stocks lead Friday's Asian sell-off after US plunge

    TOKYO -- Asian shares were sold off across the board on Friday, as investors responded to another Wall Street plunge that put U.S. stocks into correction territory overnight.Chinese shares led the decline during the Asian trading day. The Hong Kong

    February 9, 2018 06:47 pm JST
  • Who will feed China? 87-year-old rice expert answers the call

    TOKYO -- For decades, it has been one of the world's biggest questions. Lester Brown, a noted American environmental analyst, posed it succinctly in the title of his 1995 book: "Who Will Feed China?"The answer might just be an 87-year-old researcher

    February 8, 2018 12:30 pm JST
  • Australia's proposed secrecy laws raise press freedom fears

    MELBOURNE, Australia -- Proposals to tighten Australia's national security laws, announced against a backdrop of rising anxiety about Chinese interference in local politics, have sparked fears for press freedom in one of the most open democracies in

    February 8, 2018 11:45 am JST
  • Democracy rankings put Asia in poor standing

    TOKYO Asia witnessed the biggest deterioration in its democratic conditions of any region in 2017, as minorities in countries including Indonesia and Myanmar suffered.In the annual democracy index ranking compiled by the Economist Intelligence Unit

    February 8, 2018 10:00 am JST
  • Rio Tinto full-year profit jumps 69%; announces $1bn buyback

    Global miner Rio Tinto said on Wednesday its full-year profit rose 69 percent in 2017, boosted by higher prices for commodities such as iron ore and coal, announcing an additional $1 billion share buyback and a record dividend.Underlying earnings fo

    February 7, 2018 04:03 pm JST
  • Stephen Grenville

    Message to Trump -- no TPP renegotiation

    Having taken the U.S. out of the almost-concluded Trans-Pacific Partnership less than a year ago, President Donald Trump is now saying that he might rejoin -- but only if he can get a better deal.But for Trump the art of the deal is a zero-sum game:

    February 7, 2018 12:00 pm JST
  • Asian stock rout worsens as Nikkei index plunges nearly 5%

    TOKYO -- The rout in Asia's stock markets continued on Tuesday as risk-averse investors reacted to sharp overnight declines in the U.S. and Europe.The Japanese market led the decline, with the benchmark Nikkei Stock Average ending the day down 4.73%

    February 6, 2018 08:50 pm JST
  • Interview

    Asian coalition needed to keep multilateral trade alive

    TOKYO -- Asia is crucial to keeping multilateral free trade alive, and the region will need to build a coalition to maintain its momentum, according to Peter Drysdale, emeritus professor of the Australian National University and a prominent advocate

    February 6, 2018 03:18 pm JST
  • Mitsui continues resources push, buying Australia's AWE

    TOKYO -- Japanese trading house Mitsui & Co. continues to bet big on the risky field of resources, announcing on Monday that it submitted the winning bid for Australian oil and gas company AWE.The trader will likely spend just over 50 billion yen ($

    February 6, 2018 07:54 am JST