Asia-Pacific News Australia


  • Asian Shares Rise, Earnings Worries Remain Thursday, 25 Oct 2012 | 6:08 AM ET

    Asian shares rose on Thursday as signs of recovery in China and the United States eased fears of deteriorating global growth, though generally weak corporate earnings continued to make investors wary.

  • ANZ CEO: Doing More With Less Wednesday, 24 Oct 2012 | 6:40 PM ET
    ANZ CEO: Doing More With Less

    Mike Smith, CEO at ANZ says that the bank is continuing to invest and is becoming more productive, while learning to do more with less cost in its core franchises.

  • Asian Stocks Decline Despite China PMI Wednesday, 24 Oct 2012 | 6:10 AM ET

    Asian shares were unable to hold onto gains on Wednesday, as investors stayed risk averse due to weak corporate earnings results worldwide and enduring worries over economic slowdown.

  • Asian Shares Subdued by Earnings Caution Tuesday, 23 Oct 2012 | 6:01 AM ET

    Asian shares were lackluster on Tuesday with the corporate reporting season getting underway in the region, as investors stayed cautious after global shares faltered overnight on weak earning reports and outlook.

  • Australian Bonds Still in Demand Monday, 22 Oct 2012 | 7:20 PM ET
    Australian Bonds Still in Demand

    Laura Fitzsimmons, VP, Futures & Options, JPMorgan Investment Bank says that there is still offshore demand for AAA-rated Australian bonds.

  • Asian Shares End Mixed on Profit-Taking Monday, 22 Oct 2012 | 6:10 AM ET

    Asian shares ended mixed on Monday as some regional indexes recovered from earlier losses whilst others were weighed down by dented risk sentiment from lackluster U.S. earnings and a bigger-than-expected fall in Japanese exports.

  • Should Australia Drop the Idea of a Budget Surplus? Monday, 22 Oct 2012 | 12:45 AM ET
    Should Australia Drop the Idea of a Budget Surplus?

    The Australian government on Monday lowered its expectations for a budget surplus as falling commodity prices coupled with slower growth begins to bite, giving rise to the question: should the country drop the idea of a surplus?

  • Australia Needs a Surplus Strategy: Fin Min Sunday, 21 Oct 2012 | 10:50 PM ET
    Australia Needs a Surplus Strategy: Fin Min

    Penny Wong, Australia's Minister for Finance & Deregulation tells CNBC why the government has moved to maintain a budget surplus. She adds that the strategy will give room for the RBA to move on rates.

  • Australia: Committed to Uranium Negotiations With India

    Martin Ferguson, Minister for Resources and Energy, Government of Australia says that Canberra is committed to negotiations with India regarding Uranium sales.

  • Swan: Australia's Economic Fundamentals 'Rock Solid' Thursday, 11 Oct 2012 | 10:45 PM ET
    Swan: Australia's Economic Fundamentals 'Rock Solid'

    Wayne Swan, Deputy Prime Minister & Treasurer of Australia says that recent indicators reflect Australia's strong economic fundamentals.

  • GVK-Hancoal Coal Project to Start Exports in 3 Years: GVK Wednesday, 10 Oct 2012 | 11:35 PM ET
    GVK-Hancoal Coal Project to Start Exports in 3 Years: GVK

    Sanjay Reddy, Vice Chairman, GVK discusses the steps needed for its joint coal terminal with Hancock Coal. He identifies completing construction contracts & funding as primary goals.

  • Australia Business Activity Weakened in September Monday, 8 Oct 2012 | 8:55 PM ET
    A driver inspects an earth mover at Fortescue Metals Group Ltd.'s Cloudbreak iron ore operation in the Pilbara region of Western Australia.

    Australian business conditions weakened in September as retailers and wholesalers suffered from slack demand, while inflationary pressures remained very subdued, adding to the case for further cuts in interest rates.

  • Banking on Australia's Economy Monday, 1 Oct 2012 | 7:40 PM ET
    Banking on Australia's Economy

    Brian Johnson, Australia Banking Analyst at CLSA discusses the impact of an RBA rate cut on Australia's economy. He expects lenders to pass on the rate cut to borrowers if the central bank does move.

  • Getting Back to Basics Sunday, 30 Sep 2012 | 7:10 PM ET
    Getting Back to Basics

    Moorad Choudhry, Treasurer, Corporate Banking Division, RBS calls for global banks to get back to basics. He adds that Australian & Canadian banks avoided a crash because they maintained conservative principles.

  • Rudd: Australia is a Global Middle Power Friday, 28 Sep 2012 | 5:20 AM ET
    Rudd: Australia is a Global Middle Power

    Kevin Rudd, Former Prime Minister, Australia says that the way to resolve Japan and China's Senkaku/Diaoyu islands dispute is to "buy time". He further discusses the resilience of the Australian Labor Party while sharing about his life beyond being prime minister.

  • An Angolan woman shops in a market in Cabinda.

    Zimbabwe's controversial indigenization policy, which requires foreign firms to transfer 51 percent of the assets they hold in Zimbabwe to local companies, should not be a concern for foreign investors because the government will be flexible in implementing the measure, the country's Minister of Economic Planning and Investment Promotion said on Wednesday.

  • U.S. to File WTO Case Against China Over Cars Monday, 17 Sep 2012 | 2:03 AM ET
    World Bank building in Washington, DC.

    The Obama administration plans to file a broad trade case at the World Trade Organization in Geneva on Monday accusing China of unfairly subsidizing its exports of autos and auto parts, a senior administration official said late Sunday, in a move with clear political implications for the presidential elections less than two months away.

  • China Plant Again Faces Labor Issue on iPhones Monday, 10 Sep 2012 | 11:48 PM ET
    Chinese workers assemble electronic components at the Taiwanese technology giant Foxconn's factory in Shenzhen.

    As Apple prepares to unveil the latest iPhone this week, the company’s manufacturing partner in China, Foxconn Technology, is coming under renewed criticism over labor practices after reports that vocational students were being compelled to work at plants making iPhones and their components. The NYT reports.

  • Australia Enters New Phase of Mining Boom: Strategist Thursday, 6 Sep 2012 | 2:30 AM ET
    Australia Enters New Phase of Mining Boom: Strategist

    Australia’s mining boom isn’t over like some market bears have suggested, but is instead moving into the next phase of the cycle, according to Martin Whetton, Interest Rate Strategist for Australia and New Zealand at Nomura.

  • Bear Case — Iron Ore to Hit $50 in 2013 Thursday, 6 Sep 2012 | 2:25 AM ET

    Global iron ores prices, which are already near three-year lows, have more to fall, says independent economist Andy Xie. He forecasts prices to drop more than 40 percent to $50 per metric ton by mid-2013.