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January, 16, 2017

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Business > Asia > Australia
Prosecutors request arrest of Samsung heir, bribery suspect
Prosecutors requested the arrest Monday of the Samsung heir Lee Jae-yong as a bribery suspect in the influence-peddling scandal that led to the impeachment of South Korea's president.
 
CAL and Japan Airlines sign MOU to strengthen cargo and passenger cooperation
Taiwan's main carrier China Airlines and Japan Airlines agreed on Tuesday to strengthen cargo and passenger cooperation.
 
US senator urges better bank access for pot shops
As marijuana shops sprout in states that have legalized the drug, they face a critical stumbling block -- lack of access to the kind of routine banking services other businesses take for granted.
 
Long gas lines, soaring prices cast pall over holiday season in Mexico; no fix on the horizon
The holiday season has been a little less merry for car owners in Mexico as gasoline shortages in many parts of the country have forced grumbling customers to contend with hourslong lines.
 
Australia avoided a feared downgrade of its coveted AAA credit rating Monday after sticking to its ambition of returning the budget to surplus in 2020-21 despite softer growth forecasts.
 
An Australian court has ordered a British consumer goods firm to pay AU$6 million (US$4.4 million) for misleading consumers about the effectiveness of a popular painkiller.
 
Venezuelans rush to unload 100-bolivar notes
Venezuelans took a break from lining up to buy food and medicine Tuesday and spent their day waiting in crowds to deposit bank notes about to become worthless.
 
A consortium led by Australian investment bank Macquarie on Wednesday made a surprise US$5.5 billion bid for Tatts Group, throwing into question a planned merger between the gambling giant and rival Tabcorp.
 
Second Sydney airport cleared for take off
Sydney is to get its second international airport after the Australian government approved plans Monday, ending decades of indecision over a facility that will initially handle 10 million passengers a year.
 
Australian mining magnate Gina Rinehart and a Chinese consortium won final approval Friday to buy one of the world's biggest cattle estates, ending a lengthy and fraught sale process.
 
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