Edition:
United Kingdom

Tom Westbrook

Australia Wesfarmers' department store sales sag, shares drop

14 Jan 2019

SYDNEY Australian retail conglomerate Wesfarmers Ltd warned on Monday that its discount department stores made slower-than-expected sales over Christmas, sending its shares sliding to a one-month low and auguring badly for rival retailers.

U.S. allies in Asia-Pacific region rattled after Mattis quits

21 Dec 2018

SYDNEY/SEOUL The abrupt resignation of U.S. Defence Secretary Jim Mattis sparked concern among Asia-Pacific allies who credit the retired general with building trust and tempering isolationist impulses, regional officials and analysts said on Friday.

Australian regulator casts doubt on telco mega-merger, shares slammed

13 Dec 2018

SYDNEY The Australian consumer watchdog warned a A$15 billion ($11 billion) tie-up between the local arm of Britain's Vodafone Group and internet provider TPG Telecom Ltd may hurt competition, sending shares down across the sector.

Australian watchdog wants a regulator for dominant Google, Facebook

10 Dec 2018

SYDNEY Australia's competition watchdog on Monday recommended tougher scrutiny and a new regulatory body to check the dominance of tech giants Facebook Inc and Alphabet Inc's Google in the country's online advertising and news markets.

UPDATE 3-Australia regulator seeks to ban top IOOF execs, shares plummet

07 Dec 2018

* Move puts agreement to buy ANZ's pension business at risk (Adds risk of management overhaul comments, updates shares)

'Blade Runner' in the dust: Rio backs $2.6 billion iron ore mine in West Australia

29 Nov 2018

MELBOURNE/SYDNEY Global miner Rio Tinto on Thursday formally pledged to plough billions of dollars into a futuristic iron ore mine in the red dirt of Western Australia, upping expected costs by nearly a fifth while lifting its projected output.

UPDATE 3-'Blade Runner' in the dust: Rio backs $2.6 bln iron ore mine in West Australia

29 Nov 2018

* Koodaideri mine capital cost rises to $2.6 bln from $2.2 bln

PNG upholds deal with Huawei to lay internet cable, derides counter-offer

26 Nov 2018

SYDNEY Papua New Guinea (PNG) will uphold its agreement with China's Huawei Technologies Co Ltd to build its internet infrastructure, a PNG government minister said on Monday, dismissing offers from Western countries to take on the work.

Amazon re-opens U.S. store to Australian shoppers after backlash

22 Nov 2018

SYDNEY Amazon.com Inc said on Thursday it would stop blocking Australians from shopping on its U.S. site after a customer backlash, unwinding a move which has tarnished the e-commerce giant's launch in the world's 12th-largest economy. | Video

Security forces storm PNG parliament over unpaid APEC wages

20 Nov 2018

PORT MORESBY A group of up to 100 Papua New Guinea (PNG) security personnel forced their way into parliament on Tuesday to demand unpaid wages, just days after world leaders attended a regional summit in the impoverished island nation. | Video

World News

As shutdown lingers, Pelosi asks Trump to delay State of Union address

With the partial U.S. government shutdown dragging into its 26th day, House Speaker Nancy Pelosi on Wednesday urged President Donald Trump to reschedule his State of the Union address - a move that could deny the president the opportunity to use the pageantry of the speech to attack Democrats in their own chamber over the impasse.