×

Asia-Pacific News Australia & New Zealand

  • WELLINGTON, Fla. _ KLX Inc. on Wednesday reported fiscal first-quarter earnings of $18.4 million. The Wellington, Florida- based company said it had net income of 36 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

  • MELBOURNE, May 24- Australia's biggest power distributors on Wednesday won a court fight that could earn them close to A $3 billion more in revenue over five years, boosting the prospects of recently privatized Ausgrid and Endeavour Energy. In a decision that will stoke concern over soaring power and gas bills, the Federal Court ruled against a push by the...

  • MELBOURNE, May 24- Australia's biggest power distributors on Wednesday won a court fight that could earn them close to A $3 billion more in revenue over five years, boosting the prospects of recently privatised Ausgrid and Endeavour Energy. In a decision that will stoke concern over soaring power and gas bills, the Federal Court ruled against a push by the...

  • CANBERRA, Australia— Australia plans to start negotiating a free trade deal with Peru as part of a new Australian push to open Latin American markets for beef, wheat and wine exports. Australia has agreed to join Chile, Peru and Mexico in the Trans-Pacific Partnership, but that trade grouping has been jeopardized by President Donald Trump's decision to pull the...

  • *Asia stocks drop after strong Monday gains, Wall Street rise. SINGAPORE, May 23- Sterling slipped on Tuesday after a suspected suicide attack killed at least 22 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was "too weak". Financial spreadbetter CMC Markets...

  • *Asia stocks steady after strong Monday gains, Wall Street rise. SINGAPORE, May 23- Sterling slipped on Tuesday after a suspected suicide attack killed at least 19 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was "too weak". Financial spreadbetter CMC Markets...

  • MELBOURNE, Australia— A tearful Rebel Wilson testified on Tuesday that a series of magazine articles published in Australia were a deliberate attack on her character and damaged her acting career. The articles said Wilson had lied about her name, age and upbringing in Australia. Wilson wiped away tears as she testified in the Supreme Court of Victoria,...

  • *Asia stocks steady after strong Monday gains, Wall Street rise. SINGAPORE, May 23- Sterling extended losses on Tuesday after a suspected terrorist attack killed at least 19 people and wounded 50 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said the currency was "too weak."

  • *Asia stocks steady after strong Monday gains, Wall Street rise. SINGAPORE, May 23- Sterling extended losses on Tuesday after a suspected terrorist attack killed at least 19 people and wounded 50 at a pop concert in Manchester, while the euro held gains made after German Chancellor Angela Merkel said the currency was "too weak." If the attack on the concert by U.S....

  • *India stays firm on tariff reductions. The Regional Comprehensive Economic Partnership would create a free trade area of more than 3.5 billion people, bringing together China, India, Japan, South Korea, Australia and New Zealand as well as Southeast Asian nations. The main focus of RCEP is reducing tariffs, which India in particular is nervous about, and while it...

  • LONDON, May 22- Zinc and nickel touched their highest in over two-weeks on Monday after China launched a regional crackdown on the steel industry, including production of the two metals. Benchmark zinc on the London Metal Exchange rose 1 percent to $2,641 per tonne, its highest since May 2 while nickel hit its highest since May 3, up 0.6 percent to $9,415.

  • MELBOURNE, May 22- India's Adani Enterprises on Monday deferred a final investment decision on its long-delayed Australian Carmichael coal project as the Queensland state government has yet to sign off on a royalty deal for the mine. "Adani is advised that the Queensland cabinet did not consider any submission or make a decision on royalties for the Adani...

  • BEIJING, May 22- China said on Monday it will impose hefty penalties on sugar imports after lobbying by domestic mills, but experts said the ruling may not go far enough to stem the flow of lower-priced sweetener into the world's top importer. The move could dent imports from top growers such as Brazil and Thailand as it will close the big gap between Chinese and...

  • MELBOURNE, May 22- Shanghai zinc and nickel surged on Monday on the back of a sustained crackdown in China's polluting steel industry, which fueled worries about supply of the construction material and lifted prices of its raw materials. "It's all very macro-driven at the moment," said analyst Daniel Morgan at UBS in Sydney. London Metal Exchange zinc rallied 0.9...

  • HANOI, May 22- Disagreements between Asian countries over a China- backed free trade deal surfaced at talks on Monday, raising questions over a target for concluding negotiations by the end of the year. The Regional Comprehensive Economic Partnership would create a free trade area of more than 3.5 billion people, bringing together China, India, Japan, South Korea,...

  • "It is a game-changer in the Australian philanthropic community and it will change the lives of thousands of people here in Australia and around the world," Turnbull told a ceremony at Parliament House. Sarah Davies, chief executive of Philanthropy Australia, the country's peak body for philanthropy, said Australia did not have the United States' tradition of...

  • BEIJING, May 22- China's commerce minister Zhong Shan told new United States Trade Representative Robert Lighthizer the two sides should strengthen cooperation and manage disputes in trade, according to a statement on the website of China's Ministry of Commerce on Monday. Lighthizer said in the meeting with Zhong Shan that trade wars are not in the interest...

  • HANOI, May 22- Asian trade ministers met on Monday to discuss a proposed free trade deal that is backed by China and has been given new impetus by the U.S. withdrawal from the Trans-Pacific Partnership Agreement. The Regional Comprehensive Economic Partnership would create a free trade area of more than 3.5 billion people, bringing together China, India, Japan,...

  • HANOI, May 22- Asian trade ministers met on Monday to discuss a proposed free trade deal that is backed by China and has been given new impetus by the U.S. withdrawal from the Trans-Pacific Partnership Agreement. The Regional Comprehensive Economic Partnership would create a free trade area of more than 3.5 billion people, bringing together China, India, Japan,...

  • A cargo ship makes its way through the Miraflores locks as it crosses the Panama Canal on April 7, 2016 in Panama City, Panama.

    Pacific Alliance countries are in talks to expand the trade bloc outside Latin America and into high-growth Asia amid uncertainty over TPP.