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May, 5, 2016

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Business > Asia > Australia
The threat of recession in Australia receded with new data on Wednesday showing the economy gathered pace in the most recent quarter as mining exports grew.
 
Australia's central bank kept interest rates at the historic low of 2.0 percent for a seventh month Tuesday, but indicated further easing could be in the pipeline.
 
A new batch of 1,000 "Pepper" robots jointly developed by Japanese telecom giant SoftBank Corp. and Taiwanese contract manufacturer Hon Hai Precision Industry Co. sold out in just one minute after they were put on sale in Japan Saturday.
 
Along with Taipei's sky-high housing prices, buying a parking space in the capital city is a very costly endeavor, with the most expensive one priced at NT$8.2 million (US$252,392), according to surveys conducted by local realtors.
 
The U.S. Treasury announced new measures Thursday to block "inversion" mergers designed to let companies avoid U.S. taxes, placing a possible obstacle to Pfizer's potential US$150 billion takeover of Ireland's Allergan.
 
3 VP candidates not from same party as top of ticket
After the three presidential candidates introduced their running mates for the Jan. 16 , 2016 presidential elections this week, it has been noted that none of them come from their partners' respective parties, the first such occurrence in Taiwan's election history.
 
Australia minister pushes for 'urgent' Indonesia trade talks
Australia's trade minister said Wednesday it was a "matter of urgency" to revive talks on a trade agreement with Indonesia, during a trip to Jakarta with hundreds of business leaders as ties thaw between the neighbors.
 
The Australian and New Zealand stock markets began trading lower Monday after becoming the first markets in developed economies to open since Friday's terrorist attacks in Paris killed 129 people.
 
US air strike targets 'Jihadi John' in Syria: Pentagon
The US military conducted an air strike in Syria targeting "Jihadi John," the masked Islamic State (IS) militant with a British accent seen in grisly videos executing Western hostages, the Pentagon said.
 
Australia's jobless rate dropped to a better-than-expected 5.9 percent in October, data showed Thursday, lowering expectations that the central bank will cut record-low interest rates.
 
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