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  • Qantas Engineers to Hold Rolling Strikes Wednesday, 18 Jun 2008 | 10:00 PM ET
    Qantas passenger jets parked at their terminal at Sydney Airport.

    Australian flag carrier Qantas Airways faces rolling strikes by its engineers from next Monday as a pay dispute worsens, posing more headaches for an airline struggling with high fuel prices.

  • Asian stocks took a beating Thursday, after Wall Street closed at a three-month low, sparking fears of a pullback in export demand with oil prices remaining high and feeding a rally in safe-haven government bond prices. Japan shed 2.2 percent while Australia gave up 1.4 percent.

  • Asian Markets Stage Late Rally, China Surges 5% Wednesday, 18 Jun 2008 | 5:20 AM ET

    Asian markets staged a late rally Wednesday with Japan and South Korea closing in the black, as oil dipped for the fourth straight session, signaling lower costs for firms following a plan by top exporter Saudi Arabia to raise crude output.

  • Asian Markets End Mixed; China Falls 2.8% Tuesday, 17 Jun 2008 | 5:58 AM ET

    Asian markets ended mixed Tuesday with the weaker U.S. dollar pushing exporters such as Canon to a weaker finish. But financial shares moved higher, helping to offsetting losses.

  • Australia's RBA Felt Rates High Enough in June Monday, 16 Jun 2008 | 11:08 PM ET
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    Australia's central bank  concluded that interest rates were high enough to cool the  economy and restrain inflation, at its June policy meeting,  minutes showed on Tuesday, though the board stood ready to tighten further should demand not slow as expected.

  • Asian Markets Rally on Easing Inflation Fears Monday, 16 Jun 2008 | 4:57 AM ET

    Asian markets rallied Monday after muted U.S. consumer price data and softer oil prices helped ease concerns about inflation and higher interest rates in the world's top economy. Japan closed 2.7% higher.

  • Asian Markets Mixed after Volatile Session Friday, 13 Jun 2008 | 5:08 AM ET
    A man uses his mobile phone in front of electronic stock boards at the Australian Securities Exchange (ASX Ltd.) headquarters in Sydney, Australia.

    Asian markets came off initial losses Friday in volatile trading, with gains in technology and export-related stocks offsetting weakness in financials and shippers. Japan, Australia and South Korea all closed stronger.

  • Australia Needs Tight Policy Given Trade Boom : RBA Friday, 13 Jun 2008 | 12:01 AM ET
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    Domestic demand in Australia is cooling in the face of higher interest rates but coming stimulus from a trade boom means a tight monetary policy remains essential, the country's top central banker said on Friday.

  • Asian Markets Sink on Inflation Fears Thursday, 12 Jun 2008 | 5:20 AM ET
    Stock investors watch stock movement at a stock exchange in Chengdu, China.

    Asian stocks sank deep into the red Thursday, with markets battered down by 2% on average. Japan, Australia and South Korea all closed sharply lower.

  • Australia Jobs Fall for First Time in 19 Months Wednesday, 11 Jun 2008 | 10:54 PM ET
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    Australian employment fell in May for the first time in 19 months, an unexpected sign of softness in one of the strongest parts of the economy which should lessen the risk of another increase in interest rates.

  • Australia June Consumer Sentiment Hits 15-Year Low Tuesday, 10 Jun 2008 | 9:29 PM ET
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    Australian consumer sentiment slumped to 15-year lows in June as surging petrol and living costs pressured family finances, a survey showed on Wednesday, suggesting household spending could yet fall further.

  • Asian Markets Move Higher in Afternoon Rally Tuesday, 10 Jun 2008 | 8:23 PM ET

    Asian markets staged a late rebound as persistent worries about inflation kept investors cautious for most of the morning session. However stocks rallied in the afternoon with Japan climbing over 1 percent.

  • Chinese Stocks Plummet in Asian Selloff Tuesday, 10 Jun 2008 | 5:36 AM ET
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    Shanghai stocks suffered the most severe losses in widespread stock declines in Asia Tuesday, as investors returned after a long weekend to a sea of red. Ongoing credit worries and concerns about the U.S. economy continued to keep investors wary.

  • Asian Stocks Slide on High Oil, US Concerns Monday, 9 Jun 2008 | 5:11 AM ET
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    Asian stocks came under selling pressure Monday, after Wall Street slumped on Friday, as oil spiked $11 and renewed fears of stagflation in the world's largest economy gripped the markets

  • Asian Markets Jump as Energy Prices Surge Friday, 6 Jun 2008 | 5:19 AM ET
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    Asian markets were firmer but off their highs Friday, lifted by energy firms following a jump in oil prices. Both Japanese and Australian markets  gained over 1% .

  • Sinosteel Boosts Stake in Target Midwest to 40% Thursday, 5 Jun 2008 | 9:27 PM ET
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    Chinese metals trader Sinosteel has increased its voting stake in Midwest to 40 percent from one third, according to a regulatory filing on Friday, as it battles for control of the Australian iron ore prospector.

  • Sinosteel Owns 33% of Midwest, Moves to Stop Rival Thursday, 5 Jun 2008 | 12:46 AM ET
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    Chinese metals trader Sinosteel owns one-third of takeover target Midwest and has made a legal move to stop its rival Murchison Metals, from buying any more shares in the Australian iron ore prospector.

  • Australia Trade Deficit Drops, Surplus on Horizon Wednesday, 4 Jun 2008 | 11:14 PM ET
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    Australia's trade deficit shrank by far more than expected to its smallest in 14 months in April fuelling speculation that surging prices for coal and iron ore exports could make deficits a thing of the past.

  • Japan's Fast Retailing Jumps on Hopes of Strong Profit Wednesday, 4 Jun 2008 | 1:26 AM ET
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    Shares in Japan's Fast Retailing, operator of the Uniqlo chain of casual-clothing stores, leapt 11 percent on Wednesday, boosted by strong sales in May and a newspaper report that it is likely to post a better profit than analysts expect this year.xxx

  • Australia Economy Surprisingly Resilient in Q1 Tuesday, 3 Jun 2008 | 11:19 PM ET
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    Australia's economy grew by more than expected last quarter, helped by spending on infrastructure and defence, while the consumer held up surprisingly well in the face of high interest rates and surging living costs.