×

Asia-Pacific News Australasia

  • As of 11:58 a.m. CST, Chicago Board of Trade March wheat was down 7 cents at $4.31 per bushel after dipping to $4.30, its lowest since Feb. 9. March soybeans were up 3/ 4 cent at $10.12-1/ 4 a bushel, rebounding after falling to $10.09-1/ 4, its lowest since Jan. 12. As you violate some technical signals, you've got the potential for some further liquidation, "said Terry Linn,...

  • LONDON, Feb 24- U.S. soybeans edged up on Friday, boosted partly by a weaker dollar which helped the market rebound from an earlier six-week low, but the market remained on course for a weekly loss. The most active soybean futures on the Chicago Board Of Trade rose 0.3 percent to $10.14-3/ 4 per bushel by 1122 GMT after hitting a six-week low of $10.09-1/ 2 a bushel...

  • *Demand doubts counter supply pinch in Chile, Indonesia. LONDON, Feb 24- Copper clawed back some of the previous session's hefty losses on Friday as supply disruptions in Chile and Indonesia lent support, but stayed on track for a second straight weekly drop as concerns over the demand outlook weighed. Some investors also cashed in after copper hit a 21- month high...

  • L Brands, which recently exited some product categories, including Victoria's Secret's swim and apparel business, said on Wednesday it expected February comparable sales at its biggest brand to fall by about 20 percent. L Brands, whose shares slumped as much as 17.5 percent on Thursday, attributed about half of its overall net sales last year to Victoria's...

  • *USDA pegs U.S. 2017 soy plantings at record 88 mln acres. *USDA sees U.S. 2017 corn plantings down 4.3 pct from 2016. As of 11:15 a.m. CST, the Chicago Board of Trade March soybean contract was down 8-3/ 4 cents at $10.14 per bushel after dipping to $10.13-1/ 4, its lowest since Jan. 12.

  • *USDA expected to raise forecast for soybean plantings. *Corn, wheat edge down before USDA plantings outlook. The USDA is due to release updated planting forecasts at its two-day Outlook Forum that starts on Thursday, with the market expecting an increase in soybean sowing.

  • LAUNCESTON, Australia, Feb 23- Anytime you hear the mantra "this time it will be different," it's probably best to assume the same old cycle will repeat itself. This is especially true for commodity producers, who often appear to lurch from boom to bust and back to boom with little regard for learning from past mistakes. Perhaps this is because commodity cycles can...

  • LAUNCESTON, Australia, Feb 23- Anytime you hear the mantra "this time it will be different," it's probably best to assume the same old cycle will repeat itself. This is especially true for commodity producers, who often appear to lurch from boom to bust and back to boom with little regard for learning from past mistakes. Perhaps this is because commodity cycles can...

  • Australia Post managing director Ahmed Fahour said he was quitting the national mail service on the same day the government-owned corporation posted a profit of AU $131 million for the six months through December. The Lebanese-born former banker, 50, said he was leaving because Australia Post had transformed from a traditional mail service to a parcel and...

  • SYDNEY/ WELLINGTON Feb 23- Qantas Airways Ltd and Air New Zealand Ltd reported first-half profit declines as an expansion in capacity by rivals hit international airfares, but both airlines said they expect the fierce competition to moderate. Shares in the carriers climbed as Air New Zealand said it was already seeing a reduction in flights by Chinese...

  • Ongoing weakness in core lingerie could be more difficult to repair as management continues to employ various incentives to rejuvenate traffic, Mizuho Securities analyst Betty Chen said in a pre-earnings note. The company's net income fell to $631.7 million, or $2.18 per share, in the fourth quarter ended Jan. 28 from $636 million, or $2.15 per share, a year...

  • *Traders adjust positions ahead of annual USDA forum. As of 12:18 p.m. CST, Chicago Board of Trade March soybeans were down 2-1/ 2 cents at $10.23-3/ 4 per bushel after dipping to $10.23, the contract's lowest since Feb. 1. CBOT March corn was up 2-1/ 4 cents at $3.71-1/ 2 a bushel and March wheat was up 5 cents at $4.41 a bushel.

  • *OPEC secretary general optimistic on output cuts. LONDON, Feb 22- Global oil prices slipped on Wednesday as the U.S. dollar, in which payments for crude are made, rose but they traded broadly at multi-week highs after OPEC signaled optimism over its deal with other producers to curb output. Nevertheless, an agreement by major oil producers under the OPEC umbrella,...

  • *OPEC secretary general optimistic on output cuts. LONDON, Feb 22- Global oil prices slipped on Wednesday as the U.S. dollar, in which payments for crude are made, rose but they traded broadly at multi-week highs after OPEC signaled optimism over its deal with other producers to curb output. Nevertheless, an agreement by major oil producers under the OPEC umbrella,...

  • *OPEC secretary general optimistic on output cuts. LONDON, Feb 22- Global oil prices slipped on Wednesday as the U.S. dollar, in which payments for crude are made, rose but they traded broadly at multi-week highs after OPEC signalled optimism over its deal with other producers to curb output. Nevertheless, an agreement by major oil producers under the OPEC umbrella,...

  • *OPEC secretary general optimistic on output cuts. TOKYO, Feb 22- Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since 2014.. Brent crude was up 17 cents, or 0.3 percent, at $56.83, having touched its highest since Feb. 2 at $57.31 in the...

  • *OPEC secretary general optimistic on output cuts. TOKYO, Feb 22- Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since 2014.. Brent crude was up 23 cents, or 0.4 percent, at $56.89, having touched its highest since Feb. 2 at $57.31 in the...

  • *Escondida, Grasberg outages offer support. SYDNEY, Feb 22- Copper prices slipped on Wednesday as some traders took profits and reduced their positions ahead of the release of U.S. Output is shut because of a strike at Chile's Escondida mine, the world's largest.

  • *OPEC secretary general optimistic on output cuts. TOKYO, Feb 22- Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since 2014.. On Tuesday, the March contract expired up 66 cents, or 1.2 percent, at $54.06, after peaking at $54.68, the highest...

  • CANBERRA- Reserve Bank of Australia Governor Philip Lowe will appear at the House of Representatives Standing Committee on Economics. CHISINAU- National Bank of Moldova announces interest rate decision. ANKARA- Central Bank of the Republic of Turkey monetary policy meeting.