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February, 24, 2017

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Business > Asia > Australia
China would have become the second largest foreign owner of Australian farmland after the United Kingdom if the government had not vetoed the sale to Chinese interests of a major cattle empire, a report showed on Wednesday.
 
Australia's central bank Tuesday held interest rates steady at a record low of 1.50 percent, as it waits for more information on inflation pressures before signaling its next move.
 
Spotlight on Laos as it hosts ASEAN summit
The light was fading over Vientiane on a cool December evening when a Jeep was stopped at a traffic light. CCTV video later showed the occupant of the car being pulled out and taken away in a pickup truck, never to be seen again.
 
Online education leader Coursera took aim Wednesday at workplaces with a version of its platform tailored for advancing employee careers and skills.
 
Australian gov't official rejects criticisms of China investor ban
Australia's treasurer on Friday rejected accusations that the true reason his government plans to ban Chinese bidders from leasing a Sydney electricity grid is to appease influential lawmakers with xenophobic views.
 
Australia will not allow the electricity network in its most populous state to be sold to Chinese and Hong Kong bidders, Treasurer Scott Morrison said Thursday, citing national security concerns.
 
Record profits for Australia's Commonwealth Bank
Australia's biggest lender Commonwealth Bank sounded a cautious note about the country's economic outlook Wednesday even as it posted a record AU$9.23 billion (US$7.08 billion) in annual profit.
 
In China lease case, deciding factor is Australia's national security: treasurer
Australia's treasurer said Monday that national security would be his overriding consideration when he makes a decision on whether to allow a Chinese consortium to lease a major Sydney electricity grid.
 
Raising transport standards?
In this Tuesday, Aug. 2 photo released by Xinhua News Agency, people watch the Transit Elevated Bus TEB-1 as it passes vehicles, during a test run in Qinhuangdao, Hebei province.
 
Investment policy expected soon in Myanmar
Myanmar Investment Commission gave the nod to eight projects totalling US$3 million.
 
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