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Asia-Pacific News Australasia

  • *European trade slowed by holidays in France and Germany. The Chicago Board of Trade most-active wheat contract rose 0.4 percent to $4.34-1/ 4 a bushel by 0939 GMT, having added 0.7 percent on Wednesday. "I think the wheat market has bottomed out at around $4.30, funds are short on wheat and any short-covering will support prices," said Ole Houe, an analyst with...

  • WELLINGTON, New Zealand— California- based company Rocket Lab said Thursday it had launched a test rocket into space from its New Zealand launch pad, although the rocket didn't reach orbit as hoped. Rocket Lab was given official approval last week to conduct three test launches from the remote Mahia Peninsula on the North Island. New Zealand has never had a space...

  • SINGAPORE, May 25- Chicago wheat futures rose for a second straight session on Thursday with short-covering by funds and concerns over excessive moisture in the U.S. grain growing areas underpinning the market. The Chicago Board of Trade most-active wheat contract rose 0.6 percent to $4.35 a bushel by 0332 GMT, having added 0.7 percent on Wednesday.

  • *China is one of world's fastest growing condom markets. SYDNEY, May 25- A Chinese consortium is buying Ansell Ltd's condom division, the world's no. 2 condom maker, for $600 million, betting on surging demand in China as sex becomes less of a taboo subject and more emphasis is placed on public health education. Ansell's brands include Jissbon, which sounds like James...

  • WELLINGTON, New Zealand— New Zealand's conservative government is planning to reduce taxes and spend more money on building roads and railways as it looks to cash in on a thriving economy. The budget released Thursday is the ninth for the conservative government that gained power in 2008 and the first under new Finance Minister Steven Joyce.

  • *OPEC- led cuts initially agreed for six months to June. That's the question OPEC and oil markets are grappling with before Thursdays meeting of producer countries in Vienna. The cuts were initially agreed to run during the first half of 2017. OPEC and other producers, including Russia, are now expected to agree to extend the deal on Thursday, possibly for nine more...

  • *OPEC- led cuts initially agreed for six months to June. That's the question OPEC and oil markets are grappling with before Thursdays meeting of producer countries in Vienna. The cuts were initially agreed to run during the first half of 2017. OPEC and other producers, including Russia, are now expected to agree to extend the deal on Thursday, possibly for nine more...

  • *OPEC- led cuts initially agreed for six months to June. That's the question OPEC and oil markets are grappling with before Thursdays meeting of producer countries in Vienna. The cuts were initially agreed to run during the first half of 2017. OPEC and other producers, including Russia, are now expected to agree to extend the deal on Thursday, possibly for nine more...

  • *OPEC- led cuts initially agreed for six months to June. That's the question OPEC and oil markets are grappling with before Thursdays meeting of producer countries in Vienna. The cuts were initially agreed to run during the first half of 2017. OPEC and other producers, including Russia, are now expected to agree to extend the deal on Thursday, possibly for nine more...

  • WELLINGTON, Fla. _ KLX Inc. on Wednesday reported fiscal first-quarter earnings of $18.4 million. The Wellington, Florida- based company said it had net income of 36 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

  • MELBOURNE, May 24- Australia's biggest power distributors on Wednesday won a court fight that could earn them close to A $3 billion more in revenue over five years, boosting the prospects of recently privatized Ausgrid and Endeavour Energy. In a decision that will stoke concern over soaring power and gas bills, the Federal Court ruled against a push by the...

  • MELBOURNE, May 24- Australia's biggest power distributors on Wednesday won a court fight that could earn them close to A $3 billion more in revenue over five years, boosting the prospects of recently privatised Ausgrid and Endeavour Energy. In a decision that will stoke concern over soaring power and gas bills, the Federal Court ruled against a push by the...

  • CANBERRA, Australia— Australia plans to start negotiating a free trade deal with Peru as part of a new Australian push to open Latin American markets for beef, wheat and wine exports. Australia has agreed to join Chile, Peru and Mexico in the Trans-Pacific Partnership, but that trade grouping has been jeopardized by President Donald Trump's decision to pull the...

  • *Asia stocks drop after strong Monday gains, Wall Street rise. SINGAPORE, May 23- Sterling slipped on Tuesday after a suspected suicide attack killed at least 22 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was "too weak". Financial spreadbetter CMC Markets...

  • *Asia stocks steady after strong Monday gains, Wall Street rise. SINGAPORE, May 23- Sterling slipped on Tuesday after a suspected suicide attack killed at least 19 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was "too weak". Financial spreadbetter CMC Markets...

  • MELBOURNE, Australia— A tearful Rebel Wilson testified on Tuesday that a series of magazine articles published in Australia were a deliberate attack on her character and damaged her acting career. The articles said Wilson had lied about her name, age and upbringing in Australia. Wilson wiped away tears as she testified in the Supreme Court of Victoria,...

  • *Asia stocks steady after strong Monday gains, Wall Street rise. SINGAPORE, May 23- Sterling extended losses on Tuesday after a suspected terrorist attack killed at least 19 people and wounded 50 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said the currency was "too weak."

  • *Asia stocks steady after strong Monday gains, Wall Street rise. SINGAPORE, May 23- Sterling extended losses on Tuesday after a suspected terrorist attack killed at least 19 people and wounded 50 at a pop concert in Manchester, while the euro held gains made after German Chancellor Angela Merkel said the currency was "too weak." If the attack on the concert by U.S....

  • *India stays firm on tariff reductions. The Regional Comprehensive Economic Partnership would create a free trade area of more than 3.5 billion people, bringing together China, India, Japan, South Korea, Australia and New Zealand as well as Southeast Asian nations. The main focus of RCEP is reducing tariffs, which India in particular is nervous about, and while it...

  • LONDON, May 22- Zinc and nickel touched their highest in over two-weeks on Monday after China launched a regional crackdown on the steel industry, including production of the two metals. Benchmark zinc on the London Metal Exchange rose 1 percent to $2,641 per tonne, its highest since May 2 while nickel hit its highest since May 3, up 0.6 percent to $9,415.