Australian police locked down the center of Sydney after an armed man took hostages, igniting fears of a jihadist attack.» Read More
NEW YORK, July 17- Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say insurance for the loss of 298 lives and other liability could be complex and lengthy.
SYDNEY, July 18- Australia's Qantas Airways, Korea Air Lines Co Ltd and Asiana Airlines Inc said on Friday they shifted flights operating over Ukrainian air space months ago amid increasing tensions between Kiev and pro- Moscow rebels.
Several thousand jobs will be lost in Australia by 2017 as the curtain comes down on a century of car manufacturing Down Under.
Australia has approved a second airport for Sydney, in the government's latest move to improve the infrastructure in the country's biggest city.
Asian equities recovered modestly on Tuesday, from an acute selloff seen in the previous session fueled by brewing instability in Ukraine.
Asian equities were a mixed sight of red and green on Friday, despite overnight gains on Wall Street and as investors digested a raft of Japanese economic data.
Asian equity markets opened lower on Thursday, after a choppy session on Wall Street overnight.
Asian shares were mostly in the green on Tuesday, after a positive handover from the U.S. sent majority of equity markets, particularly Japanese shares, higher.
Australia's government is expected to come to the aid of struggling flag carrier Qantas, but what form that assistance takes remains unclear.
A slew of data from Japan this week is likely to be in focus amid concerns that momentum in the country’s economic recovery is waning.
Japan's benchmark index rallied to a near three-week high on Tuesday following the Bank of Japan's monetary policy announcement.
Southeast Asia's low-cost carriers are flying high with growth in air travel, but concerns are rising about its ability to absorb record plane orders.
Asian equity markets were mostly lower on Thursday after China's annual consumer inflation hit a seven-month low in December.
Japanese stocks outperformed on Wednesday on hopes that Prime Minister Shinzo Abe will unveil details on key reforms.
A string of negative headlines out of corporate Australia threatens to undermine business sentiment, casting a cloud over it's economic outlook.
Travel headlines for Friday include confirmation of Southwest's expansion at LaGuardia and sweet-spot holiday travel dates.
Asian stocks were mixed on Friday, as focus turned to the release of U.S. jobs data for clues on when the Fed could cut back its stimulus program.
Travel news headlines for Thursday include a profit warning from Qantas, ice storms in the U.S. and wind warnings in Europe.
Indian shares outperformed on Thursday while the rest of region declined on uncertainty over when the Federal Reserve may taper its stimulus program.
Asian equity markets followed their Wall Street counterparts higher on Thursday, led by a near 2 percent rally in Japanese shares.