This month, Australia struck a deal with the U.S. to acquire nuclear-powered submarine technology. It's a big moment for the country that has found itself itself caught between two world powers.
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China, U.S. Navy in row over guided-missile destroyer in South China SeaChina's defence ministry said on Friday that it yet again had to monitor and drive away the U.S. Navy destroyer USS Milius that entered its territorial waters in the South China Sea near the Paracel Islands.
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China, US Navy in row over guided-missile destroyer in South China SeaChina's defence ministry said on Friday that it yet again had to monitor and drive away the U.S. Navy destroyer USS Milius that entered its territorial waters in the South China Sea near the Paracel Islands.
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US denies Chinese claim it drove away American destroyerThe United States denied Chinese claims Thursday that its military had driven away an American guided-missile destroyer from operating around disputed islands in the South China Sea as tensions rise in the region between the two powers. The U.S. Navy's 7th Fleet said that a statement from China's Southern Theatre Command that it had forced the USS Milius away from waters around the Paracel Islands — called Xisha by China — was “false.” “USS Milius is conducting routine operations in the South China Sea and was not expelled,” said Lt. j.g.
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Asia markets set to fall over Yellen remarks on banks; Japan core inflation slowsAsian markets trade higher as they see retail sales data out of Japan and Australia
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Australia's Estia Health surges after $517.7 mln bid from Bain CapitalAustralian aged-care provider Estia Health Ltd said on Friday it received a non-binding buyout proposal from U.S. private investment firm Bain Capital for A$775.1 million ($517.77 million), sending its shares to an over 3-year high.
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