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Asia-Pacific News Australia


  • young_dating.jpg

    Can money buy happiness? We’ve all heard that money can’t by you love, now comes the news that once you reach a certain level, it can’t even buy you happiness.

  • austria_flag_200.jpg

    It’s no accident that Austrian economics is newly popular. It provides the best explanation for the business cycle we just lived through.

  • North Koreans Unveil Vast New Plant for Nuclear Use Sunday, 21 Nov 2010 | 10:26 AM ET
    Commune group brought to bow to Great Leader on Grand Monument, Pyongyang, North Korea, Asia

    North Korea showed a visiting American nuclear scientist earlier this month a vast new facility it secretly and rapidly built to enrich uranium, confronting the Obama administration with the prospect that the country is preparing to expand its nuclear arsenal or build a far more powerful type of atomic bomb, the New York Times reports.

  • Tiger Woods

    What a difference a year makes. Twelve months ago Tiger Woods arrived in Melbourne for the Australian Masters in a blaze of glory. He was on track to becoming the sporting world's first billionaire and celebrated as one of the greatest golfers in history. He then went on to win the tournament by 2 shots, taking out his 71st PGA victory.

  • horse_racing_generic_200.jpg

    The Melbourne Cup may be known as the race that stops the nation, but with the big event expected to generate over A$700 million for the Australian economy, it could also be known as the race that's supports the nation.

  • US Fears Grow Over Catching Japan Economy Slowdown Sunday, 31 Oct 2010 | 8:57 PM ET
    Japanese Flag

    American policy makers have long been confident, even during the darkest days of the current financial crisis, that the United States could avoid the fate of Japan and its two lost decades. But that has changed, reports the New York Times.

  • Chinese Computer Trumps US One as World's Fastest Thursday, 28 Oct 2010 | 9:55 AM ET

    A Chinese scientific research center has built the fastest supercomputer ever made, replacing the United States as maker of the swiftest machine, and giving China bragging rights as a technology superpower. The New York Times reports.

  • Macquarie Shakes Up Infrastructure Business Wednesday, 27 Oct 2010 | 7:04 AM ET

    Macquarie Group, the Australian bank, has shaken up its infrastructure investment business by cutting more than a 10th of its staff, curtailing the life of its latest European fund and granting investors a discount on fees.

  • Yoshikami: This Asia Merger Means Something To You Monday, 25 Oct 2010 | 9:29 AM ET

    With the announcement that the Singapore Stock Exchange plans to acquire its Australian counterpart, it is clear that Asia’s growing role as the financial center of the world is gaining strength.

  • In India, Workers Find Humor in ‘Outsourced’ Monday, 25 Oct 2010 | 8:16 AM ET
    Mumbai, India

    abstract goes here

  • Who Wants To Be A Billionaire? Monday, 25 Oct 2010 | 6:58 AM ET
    Trainer Nathan Tinkler looks on during the Cox Plate Breakfast With The Best trackwork at Moonee Valley on October 21, 2008 in Melbourne, Australia

    Nathan Tinkler seems like your average man. He’s a trained electrician, with a young family, and has a passion for racing and V8 super cars. But this 34-year-old, is not your everyday Australian. With a personal fortune of A$610 million ($596 million) earned in the space of just a few years, Nathan Tinkler is on track to becoming Australia’s youngest  and fastest-ever self-made billionaire.

  • china_mining_200.jpg

    China, which has been blocking shipments of crucial minerals to Japan for the last month, has now quietly halted shipments of some of those same materials to the United States and Europe, three industry officials said on Tuesday. The NYT reports.

  • Japan Goes From Dynamic to Disheartened Sunday, 17 Oct 2010 | 9:47 AM ET
    Kobe, Japan

    Like many members of Japan’s middle class, Masato Y. enjoyed a level of affluence two decades ago that was the envy of the world. Masato, a small-business owner, bought a $500,000 condominium, vacationed in Hawaii and drove a late-model Mercedes.

  • Australia Business Confidence Dips in Sept: Survey Monday, 11 Oct 2010 | 9:38 PM ET
    Sydney Harbor Bridge & skyline

    Australian business confidence eased from three-month highs in September but the slight pull-back was accompanied by a sharp rise in sales and higher profits, a fresh survey showed on Tuesday.

  • Upstream Chinese consumer staples are attractive investments due to the rising expectation of inflation, said Eddie Lau, regional head of consumer research at Citi.

  • Sidestep USTs, Buy Aussie Bonds Instead: Fund Manager Wednesday, 8 Sep 2010 | 5:32 AM ET

    There is not much upside to investing in U.S. Treasurys in light of the nation's massive fiscal spending, said Michael Hasenstab, senior VP & portfolio manager at Franklin Templeton Fixed Income Group.

  • QBE Insurance Profit Plummets in First-Half Wednesday, 18 Aug 2010 | 11:39 PM ET

    QBE Insurance, Australia's top insurer by premium, said its acquisition pipeline remains strong and aims to get back to an insurance profit margin of 16-18 percent for the year after posting a 39 percent fall in half-year profits.

  • No Double-Dip Recession for World: Richard Branson Tuesday, 27 Jul 2010 | 2:40 AM ET

    The global economy will steer clear of a double dip recession, said Richard Branson, founder of the UK's Virgin Group, adding that he believes the "world is getting back on its feet."

  • Shanghai's Slide Weighs on Asian Shares Tuesday, 13 Jul 2010 | 11:34 AM ET

    Asian stock markets were mostly lower on Tuesday, as the Shanghai Composite Index's sharp slide weighed on sentiment but the declines were capped by Alcoa's stronger-than-expected quarterly profit reported after the close of U.S. trade.

  • Asian Stocks End Mostly Higher; Nikkei Slips Monday, 12 Jul 2010 | 6:43 AM ET

    Most Asian markets chalked up  modest gains Monday, after Wall Street closed out its best week in a year on Friday.