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Asia-Pacific News Australia & New Zealand

  • 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...

  • BANGKOK- Bank of Thailand Governor Veerathai Santiprabhob and National Economic and Social Development Board head, Porametee Vimolsiri, to speak about the Thai economy- 0600 GMT. 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-...

  • NEW YORK, Feb 14- Oil prices pared gains after the settlement Tuesday, as evidence of surging U.S. crude oil stockpiles underscored concerns that shale production might limit the effectiveness of an OPEC- led effort to cut global output. Brent crude traded at $55.73 a barrel at 4:39 p.m. Eastern, off the settlement of $55.97 a barrel, which was up 38 cents but well...

  • NEW YORK, Feb 14- Oil settled slightly higher on Tuesday, as rising supply from U.S. shale output limited enthusiasm about an OPEC- led effort to cut global output. Brent crude settled 38 cents higher at $55.97 a barrel, well off the session high of $56.46 a barrel. The Organization of the Petroleum Exporting Countries and other exporters including Russia have...

  • NEW YORK, Feb 14- Oil pared gains on Tuesday as concerns about rising supply from U.S. shale output overshadowed an OPEC- led effort to cut global output, which has supported oil prices in a higher range. Brent crude was 61 cents higher at $56.20 a barrel by 11:30 Eastern, after earlier rising to $56.46 a barrel. The Organization of the Petroleum Exporting Countries...

  • *OPEC cuts support oil prices above $50 per barrel. LONDON, Feb 14- Oil rose on Tuesday, supported by an OPEC- led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year. Brent crude was 80 cents higher at $56.39 a barrel by 1425 GMT.

  • *OPEC cuts support oil prices above $50 per barrel. LONDON, Feb 14- Oil strengthened slightly on Tuesday, supported by an OPEC- led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year. Brent crude was 55 cents higher at $56.14 a barrel by 1220 GMT.

  • Pedestrians walk in front of an electric quotation board flashing share prices of the world, including the Nikkei key index of the Tokyo Stock Exchange (top C), in Tokyo on February 10, 2017.

    The focus on the breakout in U.S. stocks is overshadowing an equally important event: a global stock market breakout.

  • *OPEC cuts support oil prices above $50 per barrel. LONDON, Feb 14- Oil strengthened slightly on Tuesday, supported by an OPEC- led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year. Brent crude was 45 cents higher at $56.04 a barrel by 0950 GMT.