United States

Tom Westbrook

In Papua New Guinea, Exxon's giant LNG project fuels frustration

Jan 17 2019

PORT MORESBY From her red-roofed home near Papua New Guinea's capital of Port Moresby, Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp to liquefy billions of dollars' worth of natural gas before it is shipped to Asian buyers.

Australia's aged care sector braces for powerful inquiry

Jan 16 2019

SYDNEY A public inquiry into mistreatment of the elderly in Australia's A$20 billion ($14 billion) aged-care industry begins hearings on Friday, with investors expecting damaging testimony to be followed by tighter regulation and a possible sector shakeout.

Australia Wesfarmers' department store sales sag, shares drop

Jan 13 2019

SYDNEY Australian retail conglomerate Wesfarmers Ltd warned on Monday that its discount department stores made slower-than-expected sales over Christmas, sending its shares sliding to a one-month low and auguring badly for rival retailers.

U.S. allies in Asia-Pacific region rattled after Mattis quits

Dec 21 2018

SYDNEY/SEOUL The abrupt resignation of U.S. Defense Secretary Jim Mattis sparked concern among Asia-Pacific allies who credit the retired general with building trust and tempering isolationist impulses, regional officials and analysts said on Friday.

Australian regulator casts doubt on telco mega-merger, shares slammed

Dec 12 2018

SYDNEY The Australian consumer watchdog warned a A$15 billion ($11 billion) tie-up between the local arm of Britain's Vodafone Group and internet provider TPG Telecom Ltd may hurt competition, sending shares down across the sector.

Australian watchdog wants a regulator for dominant Google, Facebook

Dec 10 2018

SYDNEY Australia's competition watchdog on Monday recommended tougher scrutiny and a new regulatory body to check the dominance of tech giants Facebook Inc and Alphabet Inc's Google in the country's online advertising and news markets.

UPDATE 3-Australia regulator seeks to ban top IOOF execs, shares plummet

Dec 06 2018

* Move puts agreement to buy ANZ's pension business at risk (Adds risk of management overhaul comments, updates shares)

UPDATE 3-'Blade Runner' in the dust: Rio backs $2.6 bln iron ore mine in West Australia

Nov 29 2018

* Koodaideri mine capital cost rises to $2.6 bln from $2.2 bln

PNG upholds deal with Huawei to lay internet cable, derides counter-offer

Nov 26 2018

SYDNEY Papua New Guinea (PNG) will uphold its agreement with China's Huawei Technologies Co Ltd to build its internet infrastructure, a PNG government minister said on Monday, dismissing offers from Western countries to take on the work.

World News

Erdogan: Turkey is ready to take over Syria's Manbij

Turkey is ready to take over security in Syria's Manbij, where four U.S. citizens died in an Islamic State-claimed bombing last week, President Tayyip Erdogan told U.S. President Donald Trump in a telephone call on Sunday, the Turkish presidency said.