Asia-Pacific News Australia


  • Australia Business Confidence Ticks Up in October Monday, 7 Nov 2011 | 9:22 PM ET
    Sydney Harbor Bridge & skyline

    Australian business conditions softened slightly n October but  firms grew more confident on he future as speculation swirled about a possible cut in interest rates, a survey showed on Tuesday.

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    Australian business confidence suffered a sharp fall in the third quarter, yet investment intentions remained strong, a survey on Thursday showed, offering hope that a tentative rebound in sentiment in September will persist. 

  • Australian CEOs Don't Fear a Chinese Hard Landing Wednesday, 26 Oct 2011 | 2:48 AM ET
    Australian CEOs said they weren't worried about a major slowdown in China on the sidelines of the Commonwealth Business Forum in Perth.

    Australian CEOs at the Commonwealth Business Forum in Perth sounded a decidedly upbeat note about the future of trade with China despite looming uncertainty about the global economic picture as Europe grapples with its sovereign debt crisis.

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    The “extraordinary” decline in global resources stocks is a buying opportunity for investors, one chief investment officer, told CNBC on Tuesday.

  • AngloGold CEO on Gold Prices & Industry Outlook Tuesday, 25 Oct 2011 | 9:45 PM ET
    AngloGold CEO on Gold Prices & Industry Outlook

    Gold prices could surge above $2,200 dollars an ounce within the next 2 years, believes AngloGold Ashanti's CEO Mark Cutifani. He also offers his outlook on the gold mining industry.

  • Fortescue CEO Sees Sustained Chinese Iron Ore Demand Tuesday, 25 Oct 2011 | 9:20 PM ET
    Fortescue CEO Sees Sustained Chinese Iron Ore Demand

    Iron ore prices slumped as China demand slows but Fortescue Metals' CEO Nev Power, still sees strong long-term demand from the mainland. He explains his optimism.

  • Gillard's Mining Tax Is Hurting Business Tuesday, 25 Oct 2011 | 6:35 PM ET
    Gillard's Mining Tax Is Hurting Business

    Colin Barnett, Premier of Western Australia, says the proposed mining levy is not only affecting sovereign risk, but also the financing of some of the mid-cap projects in the state.

  • BHP Australia Coal Miners to Continue Work Stoppages Friday, 14 Oct 2011 | 3:09 AM ET

    Workers at global miner BHP Billiton plan more work stoppages at all of the company's Australian coal mines next week after voting to reject a new employment contract proposed by BHP, the workers' union said Friday.

  • Investing in Australian Industrials Thursday, 13 Oct 2011 | 11:40 PM ET
    Investing in Australian Industrials

    Greg Fraser, senior industrials analyst at Fat Prophets, advises investors to take advantage of dips to buy quality defensive and diversified mining stocks in Australia.

  • 5 Questions With Fletcher Building CEO Thursday, 13 Oct 2011 | 8:25 PM ET

    Heavily criticized acquisitions and recurring earthquakes have stacked the odds against one of New Zealand's largest listed companies Fletcher Building. Following the recent slowdown in the Australasian housing market, the company announced Thursday that it has downgraded its earnings outlook for the first-half of 2012. CNBC's Christine Tan spoke to CEO Jonathan Ling before the announcement about his contingency plan for the difficulties ahead.

  • How to Trade on China's Slowing Economy Tuesday, 4 Oct 2011 | 9:32 AM ET
    Beijing, China

    China's red hot economy is cooling, and this strategist has a way to play it.

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    Stock markets in Asia continue to head south with little to signal a turnaround in the new quarter, but regional experts told CNBC investors should capitalize on attractively low valuations instead of piling cash.

  • Very Few Safe Havens Right Now Monday, 26 Sep 2011 | 10:20 PM ET
    Very Few Safe Havens Right Now

    Simon Ho, Executive Director, Triple 3 Partners thinks that this is a good time to go long on quality banks such as ANZ and suggests using options to mitigate any down-side risk.

  • Asia Stocks in a New Bear Market: Strategist Tuesday, 6 Sep 2011 | 3:18 AM ET

    Asian stock markets extended losses for the second day in a row driven by concerns of a worsening euro zone debt crisis, with one expert saying a bear market has come to stay.

  • Qantas CEO: Not in Any Merger, Takeover Talks Tuesday, 23 Aug 2011 | 10:30 PM ET
    Qantas CEO: Not in Any Merger, Takeover Talks

    Qantas CEO Alan Joyce denies any merger talks and says domestic demand remains strong. But he adds that the strong Australian dollar and high fuel prices are hurting international business.

  • Foster's Puts Pressure on SABMiller to Raise Offer Tuesday, 23 Aug 2011 | 2:46 AM ET

    Australian brewer Foster's reiterated its rejection of a $10 billion takeover offer from SAB Miller Tuesday, as it announced a 500 million Australian dollar, or $521 million, capital return to shareholders.

  • Gold Fever Gripping the Australian Outback Tuesday, 16 Aug 2011 | 2:13 AM ET

    A growing number of people are giving up lucrative jobs in Australia for a chance at the quick riches and adventure of old-fashioned prospecting. The New York Times reports.

  • Are Australian Banks a Good Bet? Wednesday, 10 Aug 2011 | 5:33 AM ET
    A Pedestrian walk past a Westpac branch in Sydney as economists wait to see if The Reserve Bank of Australia cut official interest rates today, at the RBA on February 3, 2009 in Sydney, Australia. The RBA are expected to cut rates by up to 1 percent this afternoon, taking rates down to 3.25 per cent, with further cuts already being discussed for next month. The rate cut would put pressure on the top four Australian banks to follow suit and cut their rates on the back of recently announced huge p

    It depends on whom you ask. Some traders made a killing this week, but for long-term investors things don't look so bright.

  • How Long Can China Fuel Australia's Mining Boom? Wednesday, 3 Aug 2011 | 7:28 PM ET
    Open cast mining for iron ore.

    Australia cannot  bank on China to fuel its resources boom for more than the next 15 years, says an expert.

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    Mining CEOs criticized the imposition of the mining and carbon tax even as they face a surging dollar and labor shortgages.