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Asia-Pacific News Australia & New Zealand

  • NORTH CHARLESTON, S.C.— Hoping to shift attention from his troubled White House, President Donald Trump hit the road Friday to deliver a pep talk to American workers and the rest of the nation, resurrecting the jobs promises that powered his election victory and pledging in a campaign-style rally to "unleash the power of the American spirit."

  • *Worries over supply from Chile, Indonesia limit losses. Concerns over major supply stoppages in Chile and Indonesia swept the metal to a 21- month high of $6,204 on Monday. The positions of BHP Billiton and the striking union at its Escondida copper mine in Chile-- accounting for about 6 percent of world supply-- remain distant even as the two parties agreed this...

  • TOKYO, Feb 17- Japan's liquefied natural gas buyers are upending the traditional practices of the market, using their leverage as the world's biggest buyers of the fuel to wrestle concessions for more flexible terms. Japan's electric utilities have won provisions that will allow them to divert contracted LNG cargoes if they restart their nuclear reactors,...

  • CNBC’s Matt Taylor talks to Steven Joyce, finance minister of New Zealand, about protectionism and Australia and New Zealand’s relationship with the new U.S. administration.

  • New Zealand Finance Minister Steven Joyce talks to CNBC’s Matt Taylor about the state of the country’s economy, as leaders from New Zealand and Australia meet.

  • *Asia ex- Japan set to post fourth straight week of gains. SINGAPORE, Feb 17- Asian stock markets took a breather on Friday from their recent surge as investors booked profits, while the dollar inched up after Thursday's slide and optimism over possible renewed supply cuts by OPEC lifted oil prices. Financial spreadbetter CMC Markets expects Britain's FTSE 100 to...

  • *Worries over supply from Chile, Indonesia buoy copper. SYDNEY, Feb 17- Copper prices climbed on Friday following overnight losses, supported above the key $6,000- mark by major supply restrictions at the world's two biggest mines in Chile and Indonesia. The positions of BHP Billiton and the striking union at its Escondida copper mine in Chile, the world's largest,...

  • SINGAPORE- Federal Reserve Bank of Cleveland President Loretta Mester speaks on "View From the Federal Reserve" before the Global Interdependence Center "Central Bank Series: Singapore" event- 0115 GMT. SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the Australia-Canada Economic Leadership Forum- 2230 GMT. WARSAW- National Bank of Poland...

  • WASHINGTON— Donald Trump is moving quickly to dismantle seven decades of American policy built on trade deals and multinational alliances that help fuel the U.S. and global economies. Without knowing whether trade will be disrupted, business people in the United States and abroad could be forced to rethink their plans. The president's hostility toward...

  • *Says caused by minor leak at refinery near Melbourne. MELBOURNE, Feb 16- Viva Energy said it was repairing a minor leak on an unspecified unit at its 120,000 barrels-per-day Australian oil refinery on Thursday, after "smouldering" led to the unit being shut. Viva, controlled by energy trader Vitol, runs the refinery in Geelong, near Melbourne, supplying about 10...

  • HONG KONG, Feb 16- Asian stocks edged up to fresh 19- month highs on Thursday, helped by an extended rally on Wall Street and strong U.S. data though the dollar stepped back after a recent bounce. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent, rising to its highest since July 2015. "The index has now closed above the key technical...

  • CAIRO- Central Bank of Egypt monetary policy committee meeting. SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the Australia-Canada Economic Leadership Forum- 2230 GMT. WARSAW- National Bank of Poland monetary policy council meeting.

  • Copper inventories tied to China's Shanghai Futures Exchange have surged 61 percent since the week of Jan. 20 to 277,659 tonnes, the most since May 2016, the latest data shows. Stockpiles held in bonded warehouses in China have edged above 500,000 tonnes, from around 450,000 tonnes in November, according to consultants CRU Group. "In China's bonded market there is...

  • MALMO, Sweden— Something high-tech is happening in the produce aisle at some Swedish supermarkets, where laser marks have replaced labels on the organic avocados and sweet potatoes. If its test is successful, ICA, which has 1,350 stores across Sweden, hopes to cut down on the stickers and packaging it now uses to identify its organic produce.

  • VATICAN CITY— Pope Francis insisted Wednesday that indigenous groups must give prior consent to any economic activity affecting their ancestral lands, a view that conflicts with the Trump administration, which is pushing to build a $3.8 billion oil pipeline over opposition from American Indians. The Cheyenne River and the Standing Rock Sioux tribes have...

  • BEIJING— Most Asian stock markets rose Wednesday after U.S. benchmarks hit new highs and Federal Reserve chair Janet Yellen said the U.S. central bank could raise interest rates as soon as next month. KEEPING SCORE: Tokyo's Nikkei 225 index rose 1 percent to 19,437.98 and Hong Kong's Hang Seng jumped 1.1 percent to 24,961.29. General Motors jumped 4.8 percent...

  • JOHANNESBURG, Feb 15 Reuters)- Mining company super profits appear to be back on the agenda as earnings stand to be turbo-charged by higher-than-expected prices for iron ore and other metals, while volumes are also likely to be strong. Iron ore has been the standout so far in 2017, and as the steel-making ingredient surged to its highest level in three year above...

  • TOKYO, Feb 15- Asian stocks scaled 19- month peaks on Wednesday, helped by a record-setting night on Wall Street after Federal Reserve Chair Janet Yellen flagged a possible interest rate rise next month, keeping the dollar near three-week highs. Spreadbetters saw the boon for equities continuing in Europe, predicting a higher open for Britain's FTSE, Germany's...

  • TOKYO, Feb 15- Asian stocks scaled 19- month peaks on Wednesday thanks to a record-setting night on Wall Street after Federal Reserve Chair Janet Yellen flagged a possible interest rate hike next month, keeping the dollar in pole position near three-week highs. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.8 percent, rising to its highest...

  • TOKYO, Feb 15- Asian stocks rose early on Wednesday as Wall Street set record highs overnight after Federal Reserve Chair Janet Yellen spoke in support of an interest rate hike next month, while the dollar hovered near three-week highs. Yellen's comments boosted U.S. bank stocks, helping push Wall Street indexes to record highs overnight. The rise in U.S. stocks...