Pacific trade talks progress but gap remains between U.S., Japan

(Reuters) - Negotiations for an ambitious trade pact among Pacific countries made significant progress over the weekend but there is still a gap between Japan and the United States over market access and other hurdles, trade representatives said on Monday.

Australia to raise debt limit by two-thirds to A$500bn

The Australian government has said it plans to raise the country's debt limit by two-thirds to allay concerns it could face a future fiscal crisis.