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Asia-Pacific News Australia & New Zealand

  • 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...

  • *Nigeria agrees to join push to rein in output. SINGAPORE, July 26- Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows signs of slowing. The market has been buoyed by Saudi Arabia's announcement at a meeting of the Organization of the...

  • SYDNEY, July 26- The cosy relationship between Australia's big banks and mortgage brokers is under threat as authorities worry about risks to the financial system and lenders baulk at the growing costs of incentives for brokers. Australian banks offer generous inducements to brokers to sign up new borrowers and negotiate larger loans, a system dismantled in...

  • HANOI, July 25- Vietnam said Australia's Carlton& United Breweries, part of the world's largest brewer Anheuser-Busch InBev, has expressed its interest in becoming a strategic investor of Vietnam's top brewers Sabeco and Habeco. CUB's general director has conveyed the interest to Vietnam's Deputy Prime Minister Vuong Dinh Hue during their meeting in Sydney...

  • LONDON July 25- Copper prices hit more than five month highs on Tuesday, boosted by signs of robust demand from top consumer China, tight supplies, a weak dollar and a break of key technical levels. Benchmark copper on the London Metal Exchange was up 2.4 percent at $6,170 a tonne from an earlier $6,175 a tonne, its highest since Feb. 14. "China growth is looking stronger,...

  • SYDNEY— A Sydney lawyer announced on Tuesday a class action lawsuit against Toyota, Honda and Mazda seeking refunds for cars fitted with faulty air bags from Takata that have been linked to 18 deaths around the world. Lawyer Damian Scattini said the Federal Court action seeks refunds based on an Australian consumer law that entitles consumers to refunds if a...

  • *Asia ex- Japan marginally up, Nikkei pulls back. SINGAPORE, July 25- The dollar surrendered short-lived gains on Tuesday as concerns about the U.S. economy and politics returned to the fore ahead of a Federal Reserve meeting, while a lack of catalysts kept Asian stocks subdued. European stocks look set for a stronger open, with financial spreadbetter CMC Markets...

  • SHANGHAI, July 25- An Australian currency brokerage said three staff members in Shanghai, who were being held against their will by a group of investors that intruded into its offices last week, had been released and were now helping with a local police investigation. Sydney- headquartered brokerage, Union Standard Group Forex, last week said up to 50 investors...

  • *Asia ex- Japan inches up, Nikkei pulls back. SINGAPORE, July 25- The dollar held above a 13- month low on Tuesday after readings on U.S. factory and services activity beat expectations ahead of the start of a Federal Reserve meeting later in the day, but Asian stocks were subdued with few catalysts to drive them. The dollar was little changed at 111.065 yen on Tuesday,...

  • WELLINGTON, July 25- Britain's Foreign Secretary Boris Johnson on Tuesday appeared to deny there was any infighting within the governing Conservative party during a visit to New Zealand, where he said the country was near the top of the queue for a trade deal post-Brexit. Britain kicked off a first full round of negotiations with the European Union last week, a...

  • *Asia ex- Japan flat, Nikkei jumps as yen weakens. SINGAPORE, July 25- The dollar crept up from a 13- month low on Tuesday after stronger-than-expected readings on U.S. factory and services activity ahead of the start of a Federal Reserve meeting later in the day, but Asian stocks were subdued. The dollar rose 0.15 percent to 111.29 yen early on Tuesday, after touching a...

  • CHICAGO, July 24- U.S. wheat futures fell to their lowest in more than three weeks on Monday on profit taking as traders said damage from a drought in the U.S. The Wheat Quality Council's annual North Dakota tour will provide a close look at the spring wheat crop in the top production state this week. Chicago Board of Trade September soft red winter wheat was 10-1/ 2...

  • PORTSMOUTH, R.I.— There's a new way to ride the rails in Rhode Island: by pedaling a rail bike beside picturesque Narragansett Bay. Rail Explorers opened in Portsmouth in April as part of the Newport and Narragansett Bay Railroad. Owners Mary Joy Lu and Alex Catchpoole, who are from Sydney, Australia, first saw rail bikes being used in South Korea.

  • At 10:11 a.m. CDT, MGEX spring wheat for September delivery was down 31-1/ 2 cents at $7.34-1/ 4 a bushel. Chicago Board of Trade September soft red winter wheat was 12-1/ 2 cents lower at $4.86-3/ 4 a bushel while K.C. hard red winter wheat for September delivery was off 12-1/ 2 cents at $4.83-1/ 2 a bushel. CBOT November soybean futures were down 16-3/ 4 cents at $10.05-1/ 2 a...