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Asia-Pacific News Australasia

  • *Investors detect dovishness in Fed inflation language. NEW YORK, July 27- Stocks on world markets rose to record highs on upbeat corporate earnings Thursday, while U.S. MSCI's 47- country All World share index was at a record peak, while U.S. stocks hit all-time highs as well.

  • Chicago Board of Trade September soft red winter wheat futures were 2-1/ 2 cents higher at $4.80-1/ 4 a bushel. Spring wheat yield prospects in central and northwestern North Dakota are down significantly from a year ago following hot and dry weather during the growing season, scouts on Wheat Quality Council's annual crop tour of the state said on Wednesday.

  • *Asia shares ex- Japan at highest since Dec 2007. LONDON, July 27- Stocks, bonds and commodities were starting to show signs of fatigue on Thursday, having been driven higher by signs that softening U.S. inflation could see the Federal Reserve keeps its interest rates lower for even longer. MSCI's 47- country All World share index was at its latest record high as Wall...

  • LAUNCESTON, Australia, July 27- The shifting dynamics of the liquefied natural gas industry have been neatly encapsulated by two recent decisions: the scrapping of a major new development and the expansion of an existing large-scale project. Malaysia's state-owned Petronas announced this week it was canceling its $29 billion Pacific Northwest LNG venture...

  • PARIS/ SYDNEY, July 27- Chicago wheat futures rose on Thursday, pulling away from a one-month low struck a day earlier, as a widely watched crop tour showing poor yields for U.S. spring wheat shifted attention back to weather risks. The most active wheat futures on the Chicago Board of Trade had climbed 0.9 percent to $4.82 a bushel by 1133 GMT. The rise extended a...

  • MELBOURNE, July 27- Australia is building a superhighway offering free charging stations in a bid to boost use of electric vehicles, the northeastern state of Queensland said on Thursday, most of its route fringed by the Great Barrier Reef tourist attraction. Australia's new superhighway, an 1,800- km stretch of mostly coastal road alongside the Great Barrier...

  • Asia shares ex- Japan at highest since Dec 2007. LONDON, July 27- Stocks, bonds and commodities were all on a roll on Thursday, as market bulls scented a softening in the Federal Reserve's confidence on inflation that promised to keep U.S. interest rates low for longer. MSCI's 47- country All World share index was cheering its latest record high after Wall Street had...

  • SYDNEY, July 27- Australia's largest pension fund, AustralianSuper, is preparing for the end of the global equities run and looking to infrastructure opportunities in the United States where it believes foreign firms will in time gain greater access. AustralianSuper is a A $120 billion fund that seeks out major positions, chief executive Ian Silk said at a...

  • SYDNEY, July 27- Australia's largest pension fund, AustralianSuper, aims to expand its in-house management of equities and infrastructure investments, but has no plans to include private equity managers, Chief Executive Ian Silk said on Thursday. AustralianSuper plans to manage half of its A $120 billion equities, fixed income, infrastructure and property...

  • *Asia shares ex- Japan at highest since Dec 2007. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1 percent to heights not seen since December 2007. Japan's Nikkei rose 0.15 percent, while stocks in the Philippines touched a one-year peak.

  • LAUNCESTON, Australia, July 27- The shifting dynamics of the liquefied natural gas industry have been neatly encapsulated by two recent decisions: the scrapping of a major new development and the expansion of an existing large-scale project. Malaysia's state-owned Petronas announced this week it was cancelling its $29 billion Pacific Northwest LNG...

  • SYDNEY, July 27- Australia's largest pension fund, AustralianSuper, plans to invest a greater share of its A $120 billion in funds offshore, with Asia set to become a greater focus, chief executive Ian Silk said on Thursday. Speaking at a Reuters Newsmaker event in Sydney, Silk also said the fund was being approached more by corporates interested in borrowing...

  • SYDNEY, July 27- Australia's largest pension fund, AustralianSuper, is interested in investing more in infrastructure projects at home but will avoid the energy sector given uncertainty over government policies. Chief Executive Ian Silk, whose fund manages A $120 billion, said government policy on energy right now was a "dog's breakfast" which was deterring...

  • SYDNEY, July 27- The head of Australia's biggest pension fund, AustralianSuper, expects state governments in the United States will cast aside parochial concerns and allow foreign funds to invest and fix up poor infrastructure there. Governments, including those in the United States and Australia, have been wary of foreign investment, frustrating plans by...

  • *Asia shares ex- Japan at highest since Dec 2007. SYDNEY, July 27- Stocks, bonds and commodities were all on a roll in Asia on Thursday, as bulls scented a softening in the Federal Reserve's confidence on inflation that promised to keep U.S. interest rates low for longer than some had expected. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.9...

  • *Asia shares ex- Japan at highest since Jan 2008. SYDNEY, July 27- Stocks, bonds and commodities were all on a roll in Asia on Thursday as bulls scented a softening in the Federal Reserve's confidence on inflation that promised to keep U.S. interest rates low for longer. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.5 percent to heights not...

  • CHICAGO, July 26- U.S. wheat futures firmed on Wednesday, with MGEX spring wheat contracts posting the biggest gains as results from a crop tour confirmed that drought in the northern Plains severely crimped harvest potential in that key growing region. Traders also noted bargain buying in wheat futures as the benchmark Chicago Board of Trade soft red winter...

  • CHICAGO, July 26- U.S. wheat futures firmed on Wednesday, with MGEX spring wheat contracts posting the biggest gains as results from a crop tour confirmed that drought in the northern Plains severely crimped harvest potential in that key growing region. Traders also noted bargain buying in wheat futures as the benchmark Chicago Board of Trade soft red winter...

  • *Nigeria agrees to join push to rein in output. Brent crude futures rose 41 cents, or 0.8 percent, to $50.61 a barrel by 0617 GMT, after rallying more than 3 percent on Tuesday. The market has been buoyed by Saudi Arabia's announcement at a meeting of the Organization of the Petroleum Exporting Countries and non- OPEC producers on Monday that it would limit crude...

  • MELBOURNE, July 26- London copper climbed to its highest in more than two years on Wednesday, buoyed by a weaker dollar and talk that China's appetite for refined metal could grow if it curbs scrap imports. Expectations that China could look at banning some imports of copper scrap from the end of 2018 fueled the rally in copper prices, said analyst Dan Morgan of UBS...