Asia-Pacific News Australia & New Zealand

  • WELLINGTON, Fla. _ KLX Inc. on Wednesday reported fiscal second-quarter profit of $9.6 million. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 49 cents per share. Three analysts surveyed by Zacks expected $392.7 million.

  • PARIS— Sensitive data on submarines designed for India's navy have leaked from a leading French shipbuilder with military customers around the world. Analysts say the leak is a blow to India's navy and could compromise its underwater combat capabilities. India has spent $3.9 billion on six conventionally powered Scorpene submarines built by France's DCNS...

  • SYDNEY/ NEW DELHI, Aug 24- India is investigating damage caused to French Scorpene submarines that are being built in the country, the defense ministry said on Wednesday, after the leak of documents relating to the vessel's combat capabilities. The massive leak has also raised doubts about the security of DCNS's submarine project in Australia where it won a A $50...

  • SYDNEY, Aug 24- The French shipbuilder which earlier this year won a A $50 billion contract to build Australia's next generation of submarines has suffered a massive data leak, raising doubts about the security of one of the world's biggest defence projects. France's DCNS Group beat out Germany's ThyssenKrupp AG and a Japanese-government backed bid by...

  • SYDNEY— Qantas Airways Ltd. posted a record full-year profit of 1.53 billion Australian dollars on Wednesday, after undergoing a cost-saving restructuring amid steep losses just two years ago. The strong performance for Australia's largest airline comes two years after it posted a record AU $2.8 billion loss. The Sydney- based airline declared a dividend of...

  • *Nikkei pressured as dollar declines to 100 yen. LONDON, Aug 23- World shares crept up on Tuesday while the dollar lost ground as investors awaited further clues on whether the Federal Reserve will raise U.S. interest rates this year. Early encouragement came from France where surprisingly upbeat PMI figures showed the private sector growing at its fastest pace...

  • HONG KONG— European stock markets rose on solid economic data Tuesday while investors in Asia largely stayed on the sidelines ahead of a widely anticipated speech by the Fed chief. Britain's FTSE 100 added 0.5 percent to 6,863.07. EUROZONE REPORT: A survey of businesses across the 19- country eurozone found activity in August expanded at a steady but subdued...

  • WELLINGTON, New Zealand— A former pharmaceutical executive who Chinese authorities accuse of embezzling money and fleeing to New Zealand has settled his case for $31 million, New Zealand police said Tuesday, in a deal that represents an unusual level of cooperation between the two countries. New Zealand authorities refused to answer further questions about...

  • The ASX-listed property company Tuesday reported a 6.6 percent year-on-year rise in net profit for the first-half of 2016.

  • Scentre Earnings

    Mall operators will need to integrate physical stores and digital technology to adapt to the rise of e-commerce, says Peter Allen, CEO of Scentre Group.

  • London's FTSE 100 was up 1.3 points at 6,860.31. Sydney's S&P-ASX 200 gained 0.4 percent to 5,497.40 and benchmarks in Thailand, New Zealand and the Philippines also rose. India's Sensex lost 0.1 percent to 28,036.76 and Taiwan also declined.

  • LAUNCESTON, Australia, Aug 22- A year ago it's likely you would have got better odds that Fortescue Metals Group and Bluescope Steel would go under rather than double profits, given the dire outlook for both iron ore and steel products at that time. Of course, both Fortescue, Australia's third-biggest iron ore miner, and Bluescope, the nation's most valuable steel...

  • *Investors await this week's Jackson Hole central bankers meeting. TOKYO, Aug 22- Asian shares slipped on Monday and the dollar pulled away from last week's lows on expectations that a signal might emerge from a Federal Reserve gathering this week in Jackson Hole, Wyoming that the U.S. central bank is gearing up to hike interest rates. The Jackson Hole meeting "...

  • LONDON— London's new overnight subway service has begun, with plans to host 50,000 riders each weekend. London Mayor Sadiq Khan took the first Victoria line train on the new service early Saturday, chatting with passengers and marking the milestone. Chief Constable Paul Crowther of the British Transport Police says "someone who's had a lot to drink at eleven...

  • BEIJING, Aug 19- State Grid Corp of China expressed "deep regret" on Friday after Australia formally blocked the A $10 billion sale of Ausgrid to Chinese bidders on security grounds. State Grid said it had followed regulations set by Australia in its bid and met all the bidding requirements. Australia's Treasurer Scott Morrison, who must approve major foreign...

  • NEW YORK— Kanye West fans waited in line overnight in lower Manhattan on Friday for the chance to buy pieces from a new clothing line centered on the rapper-turned-fashion mogul's latest album. Brittany Fletcher, who said she waited more than five hours to make her purchase, explained why it was important to buy some T-shirts. Mohammed Khamis, who spent $1,000 on...

  • SYDNEY— Australia's treasurer on Friday formally blocked Chinese bidders from leasing a Sydney electricity grid, saying the deal would not have been in the nation's best interest. Morrison's initial announcement prompted criticism from China and accusations from some in Australia that his decision was made to appease influential lawmakers with...

  • LONDON— London bills itself as a global city, the world's biggest financial center and a creative hub to rival New York. Economists like to point out that London is already a 24- hour city, with West End theaters, Michelin- starred restaurants and trendy nightclubs attracting customers from around the world well into the wee hours. But the expanded Tube service...

  • Kanye West performs during Kanye West Yeezy Season 3 on February 11, 2016 in New York City.

    Kanye West fans can buy a taste of "The Life of Pablo" this weekend following the rapper-turned-fashion mogul's announcement of 21 pop-up stores.

  • SYDNEY, Aug 19- An outlook downgrade from Moody's Investors Service heaped more pressure on Australia's highly profitable banks on Friday, after a U.S. lawsuit over alleged rate rigging sparked fresh calls for a judicial inquiry into the country's financial sector. The move followed an outlook cut by Standard& Poor's in July, and came on the same day Australia's...