Asia-Pacific News Australia & New Zealand

  • NEW YORK- Federal Reserve Bank of New York President William Dudley participates in panel on "Financial Regulation Nine Years on from the GFC-- Where Do We Stand?" PRAGUE- European socialist leaders including UK Labour Party leader Jeremy Corbyn, German Vice Chancellor Sigmar Gabriel, Member of the European Parliament Sergei Stanishev, Slovakia Prime Minister...

  • LONDON, Dec 2- Zinc and lead slipped to their lowest levels in a week on Friday as investors prepared for possible shocks in Europe ahead of an Italian referendum and Austrian election. "A' no' vote in the referendum in Italy and also the first far-right party winning in Austria would introduce more uncertainty in Europe." Prime Minister Matteo Renzi has pledged to...

  • "The market is probably positioning for the weekend events, the Italy referendum and the Austrian election," said Xiao Fu, head of commodity market strategy at Bank of China International in London. "A' no' vote in the referendum in Italy and also the first far-right party winning in Austria would introduce more uncertainty in Europe." Italian Prime Minister Matteo...

  • HONG KONG— World stocks retreated and oil's rally fizzled Friday as wary investors awaited U.S. jobs data and braced for Italy's referendum on constitutional reform. France's CAC 40 dropped 1.1 percent to 4,509.56 and Germany's DAX sank 1 percent to 10,429.80. Britain's FTSE 100 shed 0.9 percent to 6,692.80.

  • *Bellamy warns supply glut hitting sales due to new China rules. SYDNEY, Dec 2- Infant formula maker Bellamy's Australia Ltd warned new import rules in China had created a supply glut that was hurting sales, sending its shares plunging more than 40 percent and sparking a broader sector sell-off. The new level of uncertainty hit shares in the sector hard as firms...

  • MELBOURNE, Dec 2- A blackout that forced Alcoa Corp to shut one of two potlines at its Portland aluminum smelter in Australia will ratchet up costs further and may put the plant's future in jeopardy, analysts said on Friday. The smelter was hit when a power interconnector between the states of Victoria and South Australia went down on Thursday, knocking out power...

  • MELBOURNE, Dec 2- A blackout that forced Alcoa Corp to shut one of two potlines at its Portland aluminium smelter in Australia will ratchet up costs further and may put the plant's future in jeopardy, analysts said on Friday. The smelter was hit when a power interconnector between the states of Victoria and South Australia went down on Thursday, knocking out power...

  • SYDNEY, Dec 2- Copper eased on Friday as traders unwound speculative positions on doubts that the post U.S. election rally has much further to run, although losses were kept in check by firmer oil prices and signs of global industrial growth. Three-month copper on the London Metal Exchange slipped 0.3 percent to $5,773 a tonne by 0209 GMT, extending losses from the...

  • *Asia ex- Japan, Nikkei on track for weekly gains. SINGAPORE, Dec 2- Asian shares were flat in early trade on Friday following mostly sluggish sessions on Wall Street and Europe, as 10- year U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed, but remained on track to end the week up 0.6 percent.

  • PRAGUE- European socialist leaders including UK Labour Party leader Jeremy Corbyn, German Vice Chancellor Sigmar Gabriel, Member of the European Parliament Sergei Stanishev, Slovakia Prime Minister Robert Fico and Czech Republic Prime Minister Bohuslav Sobotka hold a meeting in Prague- 1730 GMT. TOKYO- Asian Development Bank Institute holds a conference...

  • *Strong China factory activity supports Shanghai copper. In contrast, Shanghai copper futures rose nearly 2 percent, benefiting from a rally in oil prices and continued speculative interest after data showed China's factory activity expanded modestly in November, while inflationary pressures showed signs of building. The most-traded copper contract on...

  • *Strong China factory activity supports Shanghai copper. In contrast, Shanghai copper futures rose nearly 2 percent, benefiting from a rally in oil prices and continued speculative interest after data showed China's factory activity expanded modestly in November, while inflationary pressures showed signs of building. The most-traded copper contract on...

  • *Strong China factory activity supports Shanghai copper. In contrast, Shanghai copper futures rose nearly 2 percent, benefiting from a rally in oil prices and continued speculative interest after data showed China's factory activity expanded modestly in November, while inflationary pressures showed signs of building. The most-traded copper contract on...

  • *Strong China factory activity supports Shanghai copper. In contrast, Shanghai copper futures rose nearly 2 percent, benefiting from a rally in oil prices and continued speculative interest after data showed China's factory activity expanded modestly in November, while inflationary pressures showed signs of building. The most-traded copper contract on...

  • *Strong China factory activity supports Shanghai copper. In contrast, Shanghai copper futures rose nearly 2 percent, benefiting from a rally in oil prices and continued speculative interest after data showed China's factory activity expanded modestly in November, while inflationary pressures showed signs of building. The most-traded copper contract on...

  • CANBERRA, Australia— Australia's government struck a deal with a minor party on Thursday on a tax rate aimed at encouraging foreign travelers to pick fruit on the nation's farms. "We have a situation where farmers just simply didn't know whether they were going to be able to collect their fruit or whether it was going to be withering on the vine," Greens leader...

  • *OPEC agrees on first output cut since 2008. TOKYO, Dec 1- Oil prices, and energy shares swept higher on Thursday after OPEC agreed to cut crude output to clear a glut, while the dollar and bond yields rose sharply on prospects that resulting inflationary pressures will lead to higher interest rates. The Organization of the Petroleum Exporting Countries on...

  • *OPEC agrees on first output cut since 2008. TOKYO, Dec 1- Crude prices, the dollar and bond yields were sharply elevated early on Thursday after OPEC agreed to a deal to reduce output to clear a supply glut that has crunched oil prices and stoked global deflationary pressures. Non-OPEC Russia will also join output reductions for the first time in 15 years to help...

  • SAN ANTONIO- Federal Reserve Bank of Dallas President Robert Kaplan discusses the post-election outlook for the Federal Reserve and other issues on CNBC's Squawk Alley- 1600 GMT. Speakers include Asia Development Bank President Takehiko Nakao, University of Rochester Professor Narayana Kocherlakota, Deputy Governor of the Sveriges Riksbank Cecilia...

  • *Melbourne CBD oversupplied, overbuilding in Brisbane- CEO. Shayne Elliott, CEO of Australia's third-largest bank by market value, told Reuters in an interview the bank had gone "quiet" in funding new developments in Melbourne's central business district and that there had been overbuilding in Brisbane. He said it wasn't clear if a potential decline in values...