PORT MORESBY Asia-Pacific leaders failed to agree on a communique at a summit in Papua New Guinea on Sunday for the first time in their history as deep divisions between the United States and China over trade and investment stymied cooperation.
PORT MORESBY The United States and China swapped barbs over trade, investment and regional security at an Asia Pacific Economic Co-operation (APEC) summit on Saturday, as growing fault lines among members suggested little prospect of consensus at the weekend meeting.
MELBOURNE An Australian man who set fire to a truck laden with gas cylinders in the center of Melbourne and stabbed one person to death was inspired by Islamic State but did not have direct links with the group, police said on Saturday. | Video
MELBOURNE A Somali-born man who set fire to a truck laden with gas cylinders in the centre of Melbourne and fatally stabbed one person was inspired by Islamic State but did not have direct links with the group, Australian police said on Saturday. | Video
* Gas cylinder-laden truck driven downtown, one person
SYDNEY/MELBOURNE A Somali-born man set fire to a pickup truck laden with gas cylinders in the center of the Australian city of Melbourne on Friday and stabbed three people, killing one, before he was shot by police in a rampage they called an act of terrorism. | Video
Coca-Cola has mastered the business of getting its sweet, fizzy drinks into even the most isolated of Papua New Guinea's far-flung tropical islands and mountain villages.
SYDNEY Australia's bank regulator said on Thursday it wants to raise the amount of spare capital banks must carry, its third such request in three years, heaping pressure on companies already bracing for tightened regulation.
SYDNEY The world's biggest fiber cement maker, James Hardie Industries PLC , cut its earnings guidance on Thursday and said the future of a U.S. home building boom propelling its profit was uncertain, sending its shares tumbling to a more than two-year low.
SYDNEY Australia's MYOB Group said it will grant due diligence to KKR & Co after the U.S. buyout giant sweetened its offer to take full control of the accounting software provider firm to A$1.8 billion ($1.3 billion).