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May 1, 2017

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Business > Asia > Australia
Australia will scrap a temporary visa for skilled overseas workers, the prime minister said Tuesday, arguing that Australians must be given priority over foreigners for local jobs.
 
Asian and European stock markets moved cautiously Wednesday as global geopolitical risks continued to gnaw at investor sentiment following last week's U.S. missile strike on Syria and soaring tensions on the Korean peninsula.
 
Asian stocks mixed as investors weigh US data, Brexit plans
Asian stocks were uneven on Wednesday as investors weighed strong U.S. economic reports against uncertainty as Britain readies a formal request to leave the European Union
 
American Airlines buys stake in China Southern Airlines
American Airlines has agreed to pay $200 million for a stake in China Southern Airlines, one of China's three major state-owned carriers, in a bid for a bigger share of the country's growing travel market.
 
Facebook, Google and other multinational companies are now paying tax in Australia based on their Australian profits instead of shifting income to low-tax countries since the government cracked down on such tax avoidance, the treasurer said Tuesday.
 
Australia's prime minister held talks with Elon Musk Sunday after the U.S. innovator offered to solve the energy crisis plaguing a southern region in a hundred days -- or install the technology free.
 
Invest in Taiwan, President Tsai urges Taiwanese businesses in N. America
President Tsai Ing-wen called on Taiwanese businesspeople abroad to invest at home, as she received a delegation from the Taiwanese Chambers of Commerce of North America on Monday.
 
China trims 2017 growth target, warns against trade controls
China's top economic official trimmed its growth target and warned Sunday of dangers from global pressure for trade controls, as Beijing tries to build a consumer-driven economy and reduce reliance on exports and investment.
 
Rene Preval, who led Haiti amid catastrophe, dies at 74
Rene Preval, a low-key technocrat who led Haiti as president during the devastating January 2010 earthquake and a messy and prolonged recovery, has died. He was 74.
 
Yellen signals the Fed will likely raise rates this month
Federal Reserve Chair Janet Yellen signaled Friday that the Fed will likely resume raising interest rates later this month to reflect a strengthening job market and inflation edging toward the central bank's 2 percent target.
 
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