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Jul 21, 2014

Angry Australia PM says Ukraine crash probe resembles ‘garden clean-up’

SYDNEY, July 21 (Reuters) – Australia’s prime minister
voiced deep concern on Monday that Russian-backed rebels
remained in control of the crash site of a Malaysian airliner
shot down over Ukraine, saying the site looked more like a
“garden clean-up” than a forensic investigation.

At least 27 Australian passengers were among the 298 people
aboard Malaysian Airlines Flight MH17, shot down over
eastern Ukraine in an attack the West has blamed on separatist
rebels armed by Russia.

Jul 4, 2014

U.N. decries reports Australia handing Tamil asylum seekers back to Sri Lanka

SYDNEY/COLOMBO, July 4 (Reuters) – The United Nations has
expressed “profound concern” about Australia’s handling of
asylum seekers amid reports that scores of Sri Lankans will be
handed over to their country’s navy after only a brief
assessment by Australian authorities.

Two boats carrying more than 200 Tamil asylum seekers from
Sri Lanka were intercepted by Australian border security forces
in the Indian Ocean in recent days and either have been or will
be transferred to the Sri Lankan navy, Australian media said.

Jul 4, 2014

U.N. decries reports Australia handing back Sri Lanka Tamil asylum seekers

SYDNEY/COLOMBO (Reuters) – The United Nations has expressed “profound concern” about Australia’s handling of asylum seekers amid reports that scores of Sri Lankans will be handed over to their country’s navy after only a brief assessment by Australian authorities.

Two boats carrying more than 200 Tamil asylum seekers from Sri Lanka were intercepted by Australian border security forces in the Indian Ocean in recent days and either have been or will be transferred to the Sri Lankan navy, Australian media said.

Jun 27, 2014

Malaysia jet passengers likely suffocated, Australia says

SYDNEY, June 26 (Reuters) – The passengers and crew of the
missing Malaysia Airlines Flight MH370 most likely
died from suffocation and coasted lifelessly into the ocean on
autopilot, a new report released by Australian officials on
Thursday said.

In a 55-page report, the Australian Transport Safety Board
outlined how investigators had arrived at this conclusion after
comparing the conditions on the flight with previous disasters,
although it contained no new evidence from within the jetliner.

Jun 26, 2014

Malaysia jet most likely on autopilot when it crashed, Australia says

SYDNEY (Reuters) – Malaysia Airlines (MASM.KL: Quote, Profile, Research, Stock Buzz) Flight MH370 was most likely on autopilot when it crashed into the Indian Ocean further south than previously thought, Australian officials said on Thursday, as they charted the next phase of a so far fruitless search.

The new analysis comes more than 100 days after the Boeing (BA.N: Quote, Profile, Research, Stock Buzz) 777, carrying 239 passengers and crew, disappeared on March 8 shortly after taking off from Kuala Lumpur bound for Beijing.

Jun 25, 2014

UK’s Land Securities pays Lend Lease $1.1 bln for Bluewater stake

SYDNEY/LONDON, June 25 (Reuters) – Britain’s Land Securities
has paid Australian property company Lend Lease Corp
656 million pounds ($1.1 billion) for a 30 percent
stake in the Bluewater shopping centre in Kent, southeast
England, the companies said on Wednesday.

The British property group also acquired full asset
management rights for the centre and 110 acres of surrounding
land for 40 million pounds.

May 29, 2014

Australia says missing Malaysia plane not where ‘pings’ heard

SYDNEY (Reuters) – The search for a missing Malaysia Airlines jetliner suffered a further setback on Thursday after Australian officials said wreckage from the aircraft was not on the seafloor in the area they had identified.

Flight MH370, carrying 239 passengers and crew, disappeared from radar screens on March 8 shortly after taking off from Kuala Lumpur bound for Beijing.

May 22, 2014

Rivals turn on Etihad after report of royal funding

SYDNEY/DUBAI, May 22 (Reuters) – Etihad Airways had access
to an interest-free $3 billion loan from Abu Dhabi’s ruling
family, the Australian Financial Review newspaper said on
Thursday, prompting criticism from rivals that have long
complained of state support for the carrier.

Citing what it said were leaked documents prepared for
prospective financiers in 2011, the newspaper said the loan for
government-owned Etihad required no repayments until 2027.

May 15, 2014

Wilmar, First Pacific confirm raising bid for Australia’s Goodman Fielder

SINGAPORE/SYDNEY, May 15 (Reuters) – Wilmar International
and First Pacific Co have sweetened a deal
to take over Goodman Fielder Ltd, after the Australian
food firm rejected the initial bid as too low last month.

Wilmar and First Pacific raised their bid from A$0.65 to
A$0.70 per share, lifting the size of the deal from A$1.3
billion ($1.22 billion) to A$1.37 billion, a Wilmar statement
said, confirming an earlier media report.

May 8, 2014

Australia seeks to fireproof budget against a China downturn

SYDNEY (Reuters) – Australia, having ridden a boom in Chinese demand for raw materials, is seeking to fireproof itself from any shocks from its top trading partner, promising a tough federal budget aimed at reining in rising debt and deficits.

China’s growing hunger for iron ore, coal and natural gas saw Australia through the global financial crisis with barely a wobble. But Australia’s reliance on that growth has become a major risk as Prime Minister Tony Abbott and his treasurer, Joe Hockey, prepare for their first budget next week.

    • About Lincoln

      "Company news sub editor on the Asia Desk in Singapore. Previously European Investment Correspondent in London and Correspondent in New Zealand."
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