Asia-Pacific News Australia & New Zealand

  • *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...

  • *Writedowns, charges push BHP Billiton net loss to $6.4 bln. MELBOURNE/ LONDON, Aug 16- The world's biggest miner BHP Billiton on Tuesday said deep cost cuts and a steady elimination of oversupply will bolster its business following a record loss caused by a bad bet on shale and a dam disaster in Brazil. "Steadily, the end of the supply creation on the back of the China...

  • *Aluminum heading to $1,703 July peak-Commerzbank. Nickel, however, resisted the stronger trend as investors had second thoughts about the impact of a environmental audit of mines in the Philippines. "The main drivers seem to be currency and macro today rather than any sudden real changes in fundamentals," said analyst David Wilson at Citi in London.

  • *Dollar falls bellow 100 yen to lowest level since June. LONDON, Aug 16- The dollar fell to its lowest level in seven weeks against the yen on Tuesday as recent weak U.S. economic data was seen limiting the scope for a near-term rate hike, while oil prices extended their gains to the highest levels in over five weeks. European shares retreated from 7- week highs, weighed...

  • LONDON, Aug 16- Aluminium hit a month high and copper also gained on Tuesday as speculators scooped up metals on a weakening dollar that came under pressure from signals that U.S. interest rates would remain on hold. Nickel, however, resisted the stronger trend as investors had second thoughts about the impact of a environmental audit of mines in the Philippines.

  • Monetary easing by central banks and a rebound in oil prices have bolstered world stocks, with markets in the U.S., Europe and Asia outside Japan up roughly 10 percent since late June. But, in a sign that the rally in world shares was losing momentum, Chinese stocks pulled back from seven-month highs following a sharp correction in bank shares and Japan's Nikkei...

  • *Writedowns, charges push BHP Billiton net loss to $6.4 bln. MELBOURNE, Aug 16- BHP Billiton reported a record $6.4 billion annual loss on Tuesday, hammered by a bad bet on shale, a dam disaster in Brazil and a commodities slump, but sounded a note of optimism as prices stabilize and its costs fall. Excluding $7.7 billion in writedowns and charges, underlying profit...

  • CANBERRA, Australia— The world's biggest miner, BHP Billiton, on Tuesday reported a $6.4 billion loss— the Anglo-Australian company's worst ever full-year result— resulting from weak commodity prices, a plunge in the value of its U.S. shale oil assets and a costly dam disaster in Brazil. BHP said its revenue sank 31 percent in the fiscal year ending June 30, to $30.1...

  • CANBERRA, Australia— World's biggest miner BHP Billiton posts record $6.4 billion loss for 2015-16..

  • On the heels of gangbusters earnings, Domino’s Pizza Enterprises plans to continue marrying its pizzas with technology, CEO Don Meij said.

  • TOKYO, Aug 16- Asian shares rose to one-year highs, expanding their gains this year to almost 10 percent, supported by a jump in oil prices and investor expectations of an extended phase of easy monetary policy around the globe. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent, bringing its gains so far this year to 9.8 percent.

  • Investors yearning higher yields while keeping a lid on risks have had a hard time of late, but Kiwi bonds may come to the rescue.

  • TOKYO, Aug 16- Asian shares rose to one-year highs, extending their gains so far this year to almost 10 percent, helped by a jump in oil prices and investor expectations of continued easy monetary policy around the globe. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, bringing its gains so far this year to 9.9 percent.

  • TUESDAY, AUGUST 16 KNOXVILLE, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the Rotary Club of Knoxville- 1630 GMT. ST. LOUIS, United States- Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy before the Wealth and Asset Management Research Conference- 1700 GMT.

  • *China growing, but strength of growth is important. *China aluminium output expected to rise. LONDON, Aug 15- Copper prices hovered just above one-month lows on Monday as slowing economic activity in top consumer China highlighted weak demand growth prospects, while a softer dollar provided some support.

  • MELBOURNE, Aug 15- London copper was stuck near its weakest in a month on Monday as ebbing economic growth in China and the United States tainted its demand outlook, at a time of already slow northern hemisphere summer demand. Three-month copper on the London Metal Exchange traded flat at $4,760 a tonne by 0706 GMT, after a loss of 1.8 percent in the previous session...

  • MELBOURNE, Aug 15- London copper was stuck near its weakest in a month on Monday as ebbing economic growth in China and the United States tainted its demand outlook, at a time of already slow northern hemisphere summer demand. Three-month copper on the London Metal Exchange edged up by 0.3 percent to $4,773.50 a tonne by 0048 GMT, after 1.8 percent losses from the...