Asia-Pacific News Australia & New Zealand

  • SYDNEY— Australia's treasurer on Friday formally blocked Chinese bidders from leasing a Sydney electricity grid, saying the deal would not have been in the nation's best interest. Morrison's initial announcement prompted criticism from China and accusations from some in Australia that his decision was made to appease influential lawmakers with...

  • LONDON— London bills itself as a global city, the world's biggest financial center and a creative hub to rival New York. Economists like to point out that London is already a 24- hour city, with West End theaters, Michelin- starred restaurants and trendy nightclubs attracting customers from around the world well into the wee hours. But the expanded Tube service...

  • Kanye West performs during Kanye West Yeezy Season 3 on February 11, 2016 in New York City.

    Kanye West fans can buy a taste of "The Life of Pablo" this weekend following the rapper-turned-fashion mogul's announcement of 21 pop-up stores.

  • SYDNEY, Aug 19- An outlook downgrade from Moody's Investors Service heaped more pressure on Australia's highly profitable banks on Friday, after a U.S. lawsuit over alleged rate rigging sparked fresh calls for a judicial inquiry into the country's financial sector. The move followed an outlook cut by Standard& Poor's in July, and came on the same day Australia's...

  • *Gold seen range bound at $1,337.22- $1,358.01- technicals. Spot gold was down 0.4 percent at $1,346.56 an ounce at 0358 GMT, but up 0.8 percent for the week. San Francisco Fed President John Williams on Thursday joined a growing chorus of his colleagues signalling support for a U.S. interest rate hike in coming months.

  • SINGAPORE/ TOKYO, Aug 19- Asian stocks retreated on Friday and the dollar edged up from a near eight-week low after some Federal Reserve officials reiterated the case for raising interest rates in coming months. MSCI's broadest index of Asia-Pacific shares outside Japan pulled back 0.6 percent. Japan's Nikkei erased earlier gains to trade 0.1 percent lower,...

  • *Weekly export data awaited after rally on China sales. PARIS/ SINGAPORE, Aug 18- Chicago soybean prices eased on Thursday as the prospect of a bumper U.S. harvest this year curbed an export-fuelled rally that took prices to a four-week high earlier in the session. The run-up to weekly U.S. export figures at 1230 GMT also encouraged the oilseed market to pause after...

  • Others will be in Toronto, London, Berlin, Amsterdam, Singapore, Sydney, Melbourne and Cape Town. West is expanding the pop-up store concept following similar events in New York, Los Angeles and Paris earlier this year. West says the New York event generated $2 million in sales of items including thrift store jackets customized by West for $400.

  • As the froth drains out of Asian economies like China, Treasury has found a lucrative market in selling $10- plus bottles of wine to millennial drinkers instead of relying on prestige sales to older, wealthy customers. The Melbourne- based company, owner of brands such as Penfolds and Wolf Blass, posted annual net profit growth of 131.2 percent to A $179.4 million,...

  • BEIJING— Asian stocks rose Wednesday after Wall Street edged higher on news the U.S. KEEPING SCORE: Hong Kong's Hang Seng index rose 1.6 percent to 23,158.79 points and the Shanghai Composite Index advanced 0.4 percent to 3,120.92. Benchmarks in New Zealand, Thailand and Indonesia rose while Taiwan and Singapore retreated.

  • *Net cash flows A $582 mln vs A $1.2 bln a year ago. SYDNEY, Aug 18- Australia's top fund manager AMP Ltd posted a 10 percent drop in underlying profits on Thursday as it faces regulatory pressures, stiffer competition and heightened market volatility that threatens to hurt earnings growth. AMP Chief Executive Craig Miller partly blamed a lack of clarity on pension...

  • HONG KONG, Aug 18- Asian shares are on track for their biggest single-day rise in nearly two weeks while the greenback retreated after minutes of the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7 percent, its biggest rise since Aug. 8, as investors took the Fed's hesitancy as a reason to increase their positions after a 14 percent rise...

  • SINGAPORE, Aug 18- Chicago soybean prices slid on Thursday as the market took a breather after climbing to a four-week high earlier in the session on the back of strong purchases by top importer China. The Chicago Board of Trade most-active soybean contract had fallen 0.2 percent to $10.13-3/ 4 a bushel by 0259 GMT. The soybean market is being torn between bearish...

  • HONG KONG/ TOKYO, Aug 18- Asian stocks rose and the greenback languished near two-month lows on Thursday after minutes of the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4 percent as investors added to positions after a 14 percent rise over the last two months. Hong Kong shares was the top gainer in Asia with a 1 percent rise, while a...

  • TOKYO, Aug 18- Asian stocks edged up early on Thursday and the dollar fell after the Federal Reserve's latest meeting minutes showed policymakers were in no hurry to add to U.S. borrowing costs. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent, thanks to hopes that the Fed's accommodative stance- a major liquidity spigot for global...

  • *200- day moving average at $4,726 could be key for copper. *China demand growth fears persist. Earlier this week it fell to a one-month low of $4,750.50 after weak economic data raised doubts about the strength of demand in China, which accounts for nearly half of global consumption estimated at 22 million tonnes this year.

  • *China MofCom warns investment in Australia will be impacted. "This kind of decision is protectionist and seriously impacts the willingness of Chinese companies to invest in Australia," China Commerce Ministry spokesman Shen Danyang said at a regular news briefing in Beijing. "China hopes Australia will create a fairer and more transparent environment for...

  • SYDNEY/ BEIJING Aug 17- Australia's decision to block the A $10 billion sale of the country's biggest energy grid to Chinese bidders was a protectionist move that would negatively affect investment in the country, China's Ministry of Commerce said on Wednesday. Australian Treasurer Scott Morrison said last week that preferred bidders State Grid Corp of...

  • SYDNEY/ BEIJING Aug 17- Australia's decision to block the A $10 billion sale of the country's biggest energy grid to Chinese bidders was a protectionist move that would negatively affect investment in the country, China's Ministry of Commerce said on Wednesday. Australian Treasurer Scott Morrison said last week that preferred bidders State Grid Corp of...

  • LAUNCESTON, Australia, Aug 17- While a record loss is certain to grab media headlines, the real story about BHP Billiton is far more sanguine as the company tries to prove that boring is better. The $6.4 billion loss for the year ended June 30 was largely in line with expectations, and the main contributors of provisions for the dam disaster at the Samarco iron ore...