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Asia-Pacific News Australia & New Zealand

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  • *Gold eyes strongest monthly gain since January. NEW YORK/ LONDON, Aug 31- Gold steadied on Monday, bouncing up from session lows as oil prices rallied and the U.S. dollar fell, after bullion felt earlier pressure on indications the Federal Reserve may still raise interest rates this year, despite recent market turmoil. "It was oil that sparked the short-covering,"...

  • *Gold eyes monthly gain, rebounding from 5-1/ 2- year low. LONDON, Aug 31- Gold steadied on Monday after last week's slide as a retreat in the dollar lent support, but indications that the Federal Reserve may still raise interest rates this year despite recent market turmoil weighed on the metal. Spot gold was flat at $1,132.98 an ounce at 0934 GMT, while U.S. gold...

  • SINGAPORE, Aug 31- Asian liquefied natural gas prices could fall a further 25 percent in coming months as new supply, falling demand and weaker oil prices put it on par with iron ore and coal as the worst performing commodity of recent years. Asia's LNG market has already fared worse than slumping oil markets, with spot prices down 60 percent since 2014 to $8 per...

  • *Asia-Pacific index down 10 percent so far this month. *China stocks fall more than 3 percent after wild week. HONG KONG, Aug 31- Global financial markets looked set for another rough week on Monday, with stocks and commodities falling ahead of data that could give clues on when the U.S. will raise interest rates and surveys which are likely to point to further...

  • BEIJING— Global stocks mostly fell on Monday after a U.S. KEEPING SCORE: In Europe, France's CAC-40 fell 0.6 percent to 4,647.27 and Germany's DAX lost 0.5 percent to 10,245.92. The U.K. was closed for a holiday.

  • TOKYO/ SINGAPORE, Aug 31- The dollar began the week under pressure on Monday, on track for monthly losses but off recent lows as investors kept alive hopes that the U.S. But it was well above a seven-month low of 92.621 plumbed a week ago as fears of a sharp economic slowdown in China sent global equities markets plunging. The euro rose 0.6 percent to $1.1249, below last...

  • BEIJING— Asian stocks fell Monday after a U.S. Sydney's S&P/ASX 200 lost 0.9 percent to 5,213.50 and Hong Kong's Hang Seng retreated 0.3 percent to 21,539.59. Seoul's Kospi was off 0.3 percent at 1,931.49 and Singapore also fell.

  • MELBOURNE, Aug 31- Shanghai copper slipped on Monday on lingering worries over China's economy ahead of fresh factory data later in the week, but was set for a small monthly gain as a lull in demand over summer petered out. The relative health of domestic Chinese prices in the face of losses in London bodes well for import driven demand over the next few months, said...

  • *Asia-Pacific index down 10 percent so far this month. *Fears of China slowdown add to volatility. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.8 percent and is set to fall 10 percent this month, its worst monthly drop since May 2012.

  • TOKYO, Aug 31- The dollar began the week under pressure on Monday, on track for monthly losses but off recent lows as investors kept alive hope that U.S. jobs data later this week would give the U.S. But it logged its largest weekly gain in a month, and was well above a seven-month low of 92.621 plumbed a week ago as fears about China sent global equities markets plunging.

  • DIARY- Top Economic Events to Sept 12 Friday, 28 Aug 2015 | 8:01 PM ET

    ZURICH- Swiss National Bank head Thomas Jordan addresses a business gathering- 1600 GMT. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New York- 1710 GMT. TOKYO- Japan Economics Minister Akira Amari speaks at a seminar at...

  • LONDON, Aug 28-- Copper prices extended a rally on Friday after the stock market in China recovered for a second day, but gains were capped due to continued worries about oversupply. "We are confident that not all short sales of metals in China have been already covered," said Commerzbank in a note. Copper shot up 4.2 percent on Thursday, lifted by a bounce in global stock...

  • LONDON, Aug 28-- Copper prices dipped on Friday after a sharp rebound the day before as worries about oversupply resurfaced, but losses were modest after the stock market in top metals consumer China recovered for a second day. Copper shot up 4.2 percent on the London Metal Exchange on Thursday, lifted by a bounce in global stock markets, buoyant U.S. economic data...

  • *Asia stocks rise on Wall Street surge, upbeat U.S. data. Financial spreadbetters expected Britain's FTSE 100 to open around 8 points, or 0.1 percent, higher, Germany's DAX to open up around 13 points, or 0.1 percent, and France's CAC 40 to start the day about 8 points, or 0.2 percent, higher. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.2 percent.

  • SYDNEY, Aug 28- Copper edged down in Asian trading on Friday following strong gains overnight, but traders said the metal remained underpinned by a second day of resurgent Asian equities and higher oil prices. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the...

  • *Asia stocks rise on Wall Street surge, upbeat US data. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the second quarter- a reassuring sign amid worries over deepening economic woes in China. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.3...

  • TOKYO, Aug 28- Asian shares extended a global rally on Friday after upbeat U.S. economic data calmed sentiment shaken by days of turmoil in Chinese equities. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the second quarter- a reassuring sign amid worries over...

  • DIARY- Top Economic Events to Sept 10 Thursday, 27 Aug 2015 | 8:01 PM ET

    EDINBURGH, Scotland- Bank of England's Executive Director of Prudential Policy David Rule at the Credit Scoring and Credit Control XIV Conference, University of Edinburgh. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New...

  • Texas judge wants $10M set aside in 'Fifty Shades' case Thursday, 27 Aug 2015 | 4:38 PM ET

    DALLAS— A Texas judge has told lawyers for an Australian woman and her publishing company to set aside $10 million for a former business partner who says she was defrauded out of her rightful share from the sale of the erotic best-seller "Fifty Shades of Grey" and two companion novels. State District Judge Susan McCoy said Wednesday that she wants the money...

  • *Wheat lower on dollar strength, fresh Black Sea sales. CHICAGO, Aug 27- U.S. soybean futures rose 1.5 percent on Thursday as equity markets stabilized in China, the world's top soy buyer, and on concerns about dry weather as the U.S. At the Chicago Board of Trade as of 1:10 p.m. CDT, the benchmark November soybean contract was up 13 cents at $8.78 a bushel.