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Australia, China seek to boost economic ties as US pulls back

mexicotradeties

CANBERRA: Australian and Chinese officials held talks in Beijing on Saturday aimed at tightening trade and economic ties between the two countries, just as the Donald Trump administration increases scrutiny on the trading practices of the world’s biggest exporter. The two nations worked across “a whole range of issues, starting off first and foremost with our combined commitments to grow ... Read More »

Australia, Azerbaijan discuss prospects for cooperation

COOPERATION

CANBEERA: Azerbaijan and Australia have discussed ways to boost the ties as country’s Chargé d’Affaires in Australia Eljan Habibzade and Honorary Consul in Australia Aydan Rzayeva met with Minister for International Development and the Pacific of the country Concetta Fierravanti-Wells, on June 2. The Australian minister was informed about the political and economic successes of Azerbaijan, projects implemented in the ... Read More »

Australia, NZ reach agreement on Pacific trade pact

bilateral trade

MELBOURNE: Australia and New Zealand reached agreement on a landmark Pacific trade pact on Thursday to cut down trade barriers, boost tourism and raise living standards in the region, the two governments said. The deal, reached in Brisbane, includes 12 Pacific Island nations and was eight years in the making. “This agreement will drive economic growth and raise living standards ... Read More »

Australia, Zambia in trade talks

trade

CANBERRA: Zambia’s High Commissioner to Australia George Zulu says government is negotiating with the Australian states on the possibility of relaxing rules to allow Zambian goods to enter that country. Mr. Zulu says Australia has stringent import restrictions which have limited Zambian agriculture produce from being exported there. He has told ZNBC News in Melbourne, Australia that talks on the ... Read More »

Australia, NZ dollars seen down slightly this year

aus dollar high

SYDNEY: The Australian and New Zealand dollars are seen declining slightly over the next year due to a strengthening US dollar, analysts said, but the fall will be limited by the relative high yields of the two currencies. A Reuters poll of 50 analysts saw the Aussie slipping to US$0.7300 in one month, from US$0.7400 in the November poll, and ... Read More »

India likely to impose antidumping duties on coke imports from China, Australia

imports

NEW DELHI: India is on the verge of imposing antidumping duties on coke from China and Australia — a move that will give domestic coke producers some reprieve amid surging coal prices, several sources said Monday. The country’s Directorate General of Antidumping, which is part of the Ministry of Commerce and Industry, recommended late last week that a duty of ... Read More »

Australia, UK ministers affirm close ties

aus-uk

CANBERRA: Australia and Britain have affirmed their close security relationship at annual top-level talks in London. Defence Minister Marise Payne and Foreign Minister Julie Bishop attended the eighth Australia-United Kingdom Ministerial Consultations (AUKMIN), hosted by UK Secretary of State for Defence Michael Fallon and Foreign Secretary Boris Johnson. AUKMIN is the principal forum for discussion of foreign policy, defence and ... Read More »

Australia, PNG at loggerheads over rice trade

trade

CANBERRA: Exports to one of Australia’s biggest rice markets are at risk, because of a change of government policy in Papua New Guinea. More than three quarters of the rice consumed in PNG is imported from or sourced by Australia. But the PNG Government’s new rice policy will give 80 per cent of the import market to what it is ... Read More »

Australia, Brazil see share of Chinese iron ore imports drop

iron ore

CANBERRA: The share of Chinese iron ore imports held by Australia and Brazil has fallen to its lowest level in almost two years, as smaller producers  including India, Iran, Peru, Mongolia, Russia, Indonesia and Malaysia ramp up their export to the world’s most important steel market. Figures from Adiran Lunt, head of commodities research at SGX, show Australia and Brazil ... Read More »

Australia, China sign nectarine export protocols

agreementasigns

CANBERRA: It’s been 13 years in the making, but now Australian growers will be able to ship their nectarines directly to the Chinese mainland, while Chinese growers will also have the same access for the Australian market. The announcement is quite the turnaround, given the team at Summerfruit Australia (SAL) thought the feat would be unachievable for a few more ... Read More »

Bangladesh to import coal from Indonesia, Australia

COAL

DHAKA: Bangladesh is holding discussion with Indonesia and Australia for importing coal to set up coal-fired power plants.   The sources said the government planned setting up of a number of coal-fired power plants across the country to increase the power generation capacity to 34,000 MW by 2030 under the Power System Master Plan (2010-2030). To set up a coal-fired power ... Read More »

Australia, NZ sets to fill quotas for sheep meat exports to EU in 2016

sheep meat

WELLINGTON: Australia and New Zealand are set to fill their quotas for sheepmeat exports to the EU in 2016, according to a recent report from Meat and Livestock Australia. According to the MLA’s Market information and Industry insights report, it expects total exports of lamb and mutton to the EU to remain steady in 2016. It also says that this quota ... Read More »

Australia, Indian School of Business signs MoU for joint research, teaching

aus india

CANBERRA: Australia’s Deakin University and the Indian School of Business (ISB) have signed a memorandum of understanding (MoU) for joint research and teaching. They will collaborate in the areas of research, teaching, student exchange programmes, internationalising the curriculum of business programmes offered by ISB and Deakin Business School, and in development of innovative approaches to meeting international accreditation standards. Deakin ... Read More »

Mining investors prefer to invest in Canada, Australia, US, Chile and Mexico

mininginvestors

OTTAWA: Mining investors, currently experiencing one of the industry’s worst times in over a decade, are braced for another round of disastrous results from mining companies, as the commodities rout takes its toll on profits. But instead of panicking and try to “get out” of the game, mineral industry advisory firm Behre Dolbear is recommending stakeholders to focus on those ... Read More »

Mining investors prefer to invest in Canada, Australia, US, Chile and Mexico

mininginvestors

OTTAWA: Mining investors, currently experiencing one of the industry’s worst times in over a decade, are braced for another round of disastrous results from mining companies, as the commodities rout takes its toll on profits. But instead of panicking and try to “get out” of the game, mineral industry advisory firm Behre Dolbear is recommending stakeholders to focus on those ... Read More »

Mining investors prefer to invest in Canada, Australia, US, Chile and Mexico

mininginvestors

OTTAWA: Mining investors, currently experiencing one of the industry’s worst times in over a decade, are braced for another round of disastrous results from mining companies, as the commodities rout takes its toll on profits. But instead of panicking and try to “get out” of the game, mineral industry advisory firm Behre Dolbear is recommending stakeholders to focus on those ... Read More »

Cabinet approves signing of MoU India, Australia on cooperation in fields of education

india australia

NEW DELHI: The Cabinet on Thursday approved the signing of an MoU between India and Australia on cooperation in the fields of education, training and research. The pact will intensify existing tie-ups between the two nations in higher education and research, including technical and professional education, schools, vocational education, and training and will open up new and innovative areas of ... Read More »

Australia, NZ banking group profit jumps 4%

anz

WELLINGTON: Shares of Australia and New Zealand Banking Group (ASX: ANZ) have traded largely flat today despite the $84 billion bank announcing a healthy uptick in profit. In the nine months to 30 June 2015, ANZ produced a cash profit of $5.4 billion, up 4% on the prior corresponding period, and a statutory profit of $5.58 billion, up 11%. Cash ... Read More »

Australia, NZ banking group profit jumps 4%

anz

WELLINGTON: Shares of Australia and New Zealand Banking Group (ASX: ANZ) have traded largely flat today despite the $84 billion bank announcing a healthy uptick in profit. In the nine months to 30 June 2015, ANZ produced a cash profit of $5.4 billion, up 4% on the prior corresponding period, and a statutory profit of $5.58 billion, up 11%. Cash ... Read More »

NDA spends whopping P70b worth of fresh milk imported annually from New Zealand, Australia

nda

CANBERRA: The National Dairy Authority (NDA) is intensifying its campaign to encourage farmers to venture into fresh milk production as 97 percent of the country’ supply is imported. NDA department manager Marilyn Mabale, speaking in Monday’s Kapehan sa Dabaw at SM Ciy, said the Philippines spends a whopping P70 billion worth of fresh milk imported annually from New Zealand and ... Read More »