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Asia-Pacific News Australia & New Zealand

  • *Asia companies, govts report minor disruptions from cyberattack. SINGAPORE/ WASHINGTON, May 15- Asian governments and businesses reported some disruptions from the WannaCry ransomware worm on Monday but cybersecurity experts warned of a wider impact as more employees turned on their computers and checked e-mails. "We're looking at our victims' profiles,...

  • Dropping the Billiton reflects a move to simplify its corporate structure, the company said, and return to its founding roots in Australia more than a century ago, when it was known as Broken Hill Proprietary Co Ltd.. BHP, which has operations in 25 countries, will retain its dual listings in Australia and London. BHP head of external affairs Geoff Healy dismissed...

  • *Some diplomats see plan as way for China to push influence. BEIJING, May 14- Chinese President Xi Jinping pledged $124 billion on Sunday for his new Silk Road plan to forge a path of peace, inclusiveness and free trade, and called for the abandonment of old models based on rivalry and diplomatic power games. China has touted what it formally calls the Belt and Road...

  • *Some diplomats see plan as way for China to push influence. BEIJING, May 14- Chinese President Xi Jinping pledged $124 billion on Sunday for his new Silk Road plan to forge a path of peace, inclusiveness and free trade, and called for the abandonment of old models based on rivalry and diplomatic power games. China has touted what it formally calls the Belt and Road...

  • SYDNEY, May 12- Copper prices remained flat in Asia on Friday as equities headed for a strong end to the week and the short-covering that pulled the contract higher overnight failed to re-emerge. A weakened outlook for copper demand in China, which consumes nearly half the world's requirements, amid soft data on imports and demand growth, weighed on sentiment, the...

  • PROVIDENCE, R.I.— When an exposed concrete subway vault near the U.S. Capitol was painted white this spring, riders rejoiced at the brightened Washington Metro station. A church in Atlanta was razed this spring, and the McKeldin Fountain near Baltimore's Inner Harbor disappeared this year. Earthquake concerns in the San Francisco Bay Area doomed architect...

  • SYDNEY, May 12- Copper was flat in Asia on Friday as equities headed for a strong end to the week and the short-covering that pulled the contract higher overnight failed to re-emerge. Weakened outlooks for copper demand in China, which consumes nearly half the world's requirements, amid soft data on imports and demand growth, weighed on sentiment, the trader said.

  • *Wheat higher for 2nd day after USDA 2017/ 18 forecasts. PARIS/ SINGAPORE, May 11- Chicago wheat rose for a second session on Thursday as government forecasts for a sharp drop in U.S. supplies next season offset pressure from large global inventories. The Chicago Board of Trade most-active wheat was up 0.4 percent at $4.33-1/ 4 a bushel by 1135 GMT.

  • SYDNEY, May 11- Elliott Management is willing to back a board member of BHP Billiton to be its chairman upon the retirement of Jac Nasser despite deep reservations about its top management, a source close to the activist shareholder said on Thursday. Elliott, founded by billionaire Paul Singer, is pushing for a $46 billion overhaul at BHP that includes spin offs,...

  • WELLINGTON, New Zealand— New Zealand on Thursday became the second nation after Japan to ratify a Pacific trade deal that will need changes to proceed after the United States pulled out. Trade Minister Todd McClay said New Zealand is exploring alternatives for the Trans-Pacific Partnership and that ratifying the deal helps keep its options open.

  • SYDNEY— A man who said he smashed a lemon meringue pie into the face of Qantas Airways' CEO to protest the airline's support of same-sex marriage was charged on Thursday with assault. Tony Overheu, a 67- year-old Christian and former sheep farmer, faces a charge of common assault, trespass and damage over the incident, which happened on Tuesday as CEO Alan Joyce gave...

  • *Soybeans lose ground as USDA projects higher supplies. The Chicago Board of Trade most-active soybean contract fell 0.3 percent to $9.67-3/ 4 a bushel by 0337 GMT, having closed down 0.4 percent on Wednesday. U.S. soybean ending stocks were seen rising to an 11- year high in the 2017/ 18 crop year following another bumper harvest, the USDA said on Wednesday.

  • The New Zealand dollar plunged to its lowest level since June 2016 after the Reserve Bank of New Zealand surprised markets by keeping a neutral bias at its policy review while holding interest rates steady at a record low 1.75 percent. The New Zealand dollar slumped 1.6 percent to $0.6833, its biggest one-day loss since June 2016. Oil prices extended their 3...

  • *Asia ex- Japan, Nikkei both climb. Oil prices held on to 3 percent- plus overnight gains, their biggest one-day jump since Dec. 1, following a steep drop in U.S. inventories and support from Iraq and Algeria for an extension to OPEC supply cuts. "U.S. crude oil production is now solidly above 9.3 million barrels per day with more to come, and refined product, especially for...

  • *USDA's world corn stocks view falls below expectations. *Wheat ends firm following choppy trade after USDA reports. Soybean futures hit a six-week high after the USDA's reports were released, buoyed by the government's forecast for a smaller-than-expected rise in domestic ending stocks for 2017/ 18.

  • *USDA's world corn stocks view falls below expectations. *Wheat modestly higher in choppy trade after USDA reports. Soybean futures hit a six-week high after the USDA's reports were released, buoyed by the government's forecast for a smaller-than-expected rise in domestic ending stocks for 2017/ 18.

  • *OPEC to meet in Vienna later this month. LONDON, May 10- Oil prices rose on Wednesday after a larger than expected fall in U.S. crude inventories and on attempts by OPEC to rebalance an oversupplied market by cutting output. Oil was also buoyed by a Reuters report on Wednesday that Saudi Arabia would cut crude supplies to Asia.

  • SYDNEY, May 10- Australia's big banks will likely swallow a surprise new A $6.2 billion federal tax, industry and political sources said on Wednesday, given a lack of public support for an oligopoly that has reaped years of record profits. Treasurer Scott Morrison justified the tax as necessary to get the budget back into the black and also tapped into popular...

  • *Saudi Arabia expects OPEC output cuts to be extended. *OPEC to meet later this month. TOKYO, May 10- Oil futures rose on Wednesday after Reuters reported Saudi Arabia would cut supplies to the region as OPEC tries to counter rising U.S. output that is threatening to derail its attempts to end a sustained global crude glut.

  • *Brokers in the area seeing fewer prospective buyers from China. *Interest in homes in Thailand has surged in first quarter. JERICHO, N.Y./ BEIJING, May 9- Among the sprawling colonial homes and well-tended lawns on the north shore of New York's Long Island, there are signs that Chinese policies crafted 11,000 kilometers away are taking a toll.