Huge Australian coal mine wins conditional approval
SYDNEY: A huge A$6.4 billion (US$6.3 billion) coal mine in Australia's Galilee Basin owned by Indian infrastructure giant GVK and the world's richest woman Gina Rinehart Tuesday won conditional approval.
Posco completes construction of first Indian plant
SEOUL: South Korea's Posco, the world's third largest steelmaker by output, said on Tuesday it has completed construction of its first steel mill in India.
Japan firm unveils radiation-gauging smartphone
TOKYO: Mobile phone operator Softbank on Tuesday unveiled a smartphone that can measure radiation as consumers in Japan clamour for reassurance following last year's Fukushima nuclear disaster.
Qantas pulls directors from Fiji airline
SYDNEY: Australia's Qantas on Tuesday withdrew its four directors from the board of Air Pacific, saying it was clear that Fiji's military regime wanted to take complete control of the carrier.
Japan unemployment, household spending up in April
TOKYO: Japan's unemployment rate rose slightly in April, official data showed on Tuesday, with analysts highlighting the struggling electronics sector as contributing to job losses.
Asia's biggest wine expo opens in Hong Kong
HONG KONG: Asia's biggest wine and spirits fair opened in Hong Kong on Tuesday, giving the world's top producers from France to Argentina a chance to tap the booming but still relatively new Chinese market.
Panasonic may halve its headquarters
TOKYO: Panasonic may halve its 7,000-strong headquarters as part of a bid to streamline the Japanese electronics giant and turn a profit following a record annual loss, according to media reports.
Asian markets rise, Greece hopes spur bargain buying
HONG KONG: Asian markets rose for a second straight day on Tuesday as dealers picked up bargains after heavy selling through May, with confidence boosted by hopes that Greece will avoid exiting the eurozone.
Investors flee Spanish debt amid bank bailout fears
MADRID: Spanish Prime Minister Mariano Rajoy has admitted the state is struggling to borrow, as its risk premium hit a euro-era record and fears spread over the country's stricken banks.
Japan and China to start direct currency trading
TOKYO: Tokyo said Tuesday it will start direct currency trading with China for the first time, scrapping the dollar as an intermediary unit for the first time to push business between the two Asian economic giants.
Japan jobless rate edges up in April
TOKYO: Japan's unemployment rate rose slightly to 4.6 percent in April from 4.5 percent in March, the internal affairs ministry said Tuesday.