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July, 1, 2016

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Business > Asia > Australia
Australia's Treasurer Joe Hockey will reconsider what has been dubbed the "tampon tax" after a campaign by a university student rallied nearly 100,000 supporters in branding the levy sexist.
 
Australia must pour more money into transport systems or risk gridlock in its biggest cities costing more than AU$53 billion (US$42 billion) a year, an infrastructure audit published Friday found.
 
Australian Treasurer Joe Hockey said Thursday his government will not set up a parliamentary inquiry into the massive iron ore sector following discussions with regulatory bodies and industry players.
 
BHP Billiton's spin-off mining company South32 debuted on the Australian Securities Exchange Monday at the lower end of expectations, valued at about AU$11.3 billion (US$9.1 billion), but its chief said it offered long-term value.
 
The U.S. Department of Commerce (DOC) has found that Taiwan's steel nail exporters have not been violating U.S. anti-subsidy rules, the Ministry of Economic Affairs (MOEA) said Saturday.
 
Australian Prime Minister Tony Abbott ruled out an early election Wednesday during a media blitz to sell the budget as opponents accused the government of delaying fiscal repair to win votes.
 
Australia's top finance official said Monday he will introduce legislation to force global corporations to pay a fair amount of tax on their Australian earnings.
 
Taiwanese computer maker Acer Inc. (宏碁) said that seven of its products have won the 2015 design and innovation awards given out by the organizers of Computex Taipei, the world's second-largest computer trade show.
 
Australia's central bank Friday said lower growth and higher unemployment concerns prompted it to cut official interest rates to a historic low of 2.0 percent this week in a bid to spur the economy.
 
Taliban militants who have been waging war on the Afghan government for more than a decade on Monday expressed a willingness to soften their position on a range of issues, an apparent shift that could eventually lead to peace talks.
 
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