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Asia-Pacific News Australia & New Zealand

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  • TOKYO/ SINGAPORE, Aug 21- Global stocks tumbled on Friday after a survey showed Chinese factories contracted at their fastest pace since the depth of the global financial crisis in 2009, sending investors scurrying to the safety of bonds and gold. Oil prices and emerging market assets also took a hammering, as fears of a China- led deceleration in global growth...

  • *China flash PMI shrinks at fastest pace in near 6-1/ 2 years. MELBOURNE, Aug 21- London copper fell on Friday and was facing its seventh weekly loss, as poor factory growth in China compounded fears that its economy was worsening, eroding the demand outlook for metals. Activity in China's factory sector shrank at its fastest pace in almost 6-1/ 2 years in August as...

  • *Falling factory data fuels worries China slowing sharply. MELBOURNE, Aug 21- Spot gold hits highest level in more than a month on Friday after weak factory growth in China fanned worries that the world's second largest economy may be slowing sharply, sparking safe-haven demand for the metal. Asian stocks fell, following Wall Street, as fears took hold of a China-...

  • *Performance of China markets later in session in focus. TOKYO, Aug 21- Asian stocks fell early on Friday, following Wall Street, as fears took hold of a China- led deceleration in global growth. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.5 percent.

  • SYDNEY— Qantas Airways Ltd. posted a 557 million Australian dollar full-year profit on Thursday in a dramatic turnaround since it recorded a $2.6 billion loss in the previous year. Australia's largest airline said in a statement that the profit for the fiscal year through June reflected strong performances from all business segments, including its...

  • TOKYO, Aug 20- The U.S. dollar was on the defensive against the euro and yen on Thursday, having pulled back sharply after Federal Reserve meeting minutes suggested policymakers were in no hurry to raise interest rates. The probability of a September hike is now 45 percent from about 50 percent towards the end of July, according to the Chicago Mercantile...

  • TOKYO, Aug 20- The dollar was on the defensive against the euro and yen on Thursday, having pulled back sharply after Federal Reserve meeting minutes suggested that policymakers were in no hurry to raise interest rates. That prompted traders positioned for a September rate increase to quickly unwind their bets, pushing the dollar in overnight trading to a...

  • SYDNEY— Qantas Airways Ltd. posted a 557 million Australian dollar full-year profit on Thursday in a dramatic turnaround since it recorded a $2.6 billion loss in the previous year. Australia's largest airline said in a statement that the profit for the fiscal year through June reflected strong performances from all business segments, including its...

  • DIARY- Top Economic Events to Sept 2 Wednesday, 19 Aug 2015 | 8:01 PM ET

    JAKARTA, Indonesia- Federal Reserve Bank of San Francisco releases text of speech of President John Williams before the Bank Indonesia-BIS Research Conference in Jakarta- 0645 GMT. STOCKHOLM- Sweden's Riksbank holds Executive Board Meeting- 1100 GMT. BERKELEY, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on "Pensions and...

  • *Underlying profit of A $975 mln vs loss of A $646 mln. SYDNEY, Aug 20- Qantas Airways Ltd posted one of the quickest turnarounds in Australian corporate history on Thursday with a return to full-year profit and announced it will exercise options to buy eight Boeing Co 787-9 Dreamliner jets. That was slightly under analyst consensus for a A $982 million profit but a...

  • Australia seeks to become the delicatessen of Asia Wednesday, 19 Aug 2015 | 5:00 PM ET

    *Native Australian produce demands top shelf prices in Asia. Finger limes are just one of a number of premium Australian agricultural products, including olive oil, honey, wagyu beef and organic baby food, now being sold in some of Asia's top stores as Australia pushes to become Asia's delicatessen. While Australia's main agricultural products like wheat, rice,...

  • FOREX-Dollar falls as traders await Fed lift-off signal Wednesday, 19 Aug 2015 | 3:54 AM ET

    *Sterling firm after pick up in UK inflation. The Bank of England is expected to follow the Fed with a hike, and that view was bolstered on Tuesday after better-than-expected core UK inflation numbers that sent sterling to a 7-1/ 2- year high on a trade-weighted basis. "The market may well look for a similar pick-up in the U.S. core inflation as we've seen in the UK, given...

  • DIARY- Top Economic Events to Sept. 1 Tuesday, 18 Aug 2015 | 8:01 PM ET

    JAKARTA, Indonesia- Federal Reserve Bank of San Francisco releases text of speech of President John Williams before the Bank Indonesia-BIS Research Conference in Jakarta- 0645 GMT. STOCKHOLM- Sweden's Riksbank First Deputy Governor Kerstin af Jochnick will speak on Current Monetary Policy and the Economic Situation- 0700 GMT. BERKELEY, United States-...

  • Bangkok blast threatens renewed pain for Thai economy Tuesday, 18 Aug 2015 | 3:27 AM ET

    BANGKOK, Aug 18- A bomb that ripped through a religious shrine in Bangkok's commercial heart, killing 22 people and wounding more than 100, could deal a heavy blow to a tourism sector that has been one of the few recent bright spots for Thailand's struggling economy. "Our Japanese customers have all checked out this morning and bookings have also been cancelled,"...

  • Brookfield and Asciano confirmed the sweetened deal as Asciano beat analyst expectations with a 19 percent jump in underlying net profit for the year to June 30 due to the benefits of a A $3 billion equipment overhaul. Asciano said in July that Brookfield made an indicative offer of A $9.05 per share but on Tuesday said Brookfield upped its offer price to A $9.15...

  • MELBOURNE, Aug 17- London copper slipped on Monday as traders watched out for any new measures by Beijing to shore up the struggling Chinese economy, while a slightly stronger dollar dragged on prices. Markets were still assessing the fallout from China's move to weaken the yuan last week, a measure that could help get its economy moving, said Jonathan Barratt,...

  • *MSCI Asia-Pacific index down 0.7 pct as China stocks slip. The index added to last week's loss of 2.6 percent suffered after Beijing devalued the yuan, buffeting global financial markets and fanning concerns about China's economy. Futures trading also reflected underlying investor pessimism towards an equity market Beijing has tried desperately to prop...

  • *MSCI Asia-Pacific index steady, Japan's Nikkei gains 0.6 pct. TOKYO, Aug 17- Asian stocks were little changed on Monday as investors' nerves continued to settle after China's surprise yuan devaluation last week, while the dollar held modest gains against the euro after upbeat U.S. economic data. The index lost 2.6 percent last week to a two-year low after Beijing...

  • *Soybeans slide on favorable rain forecast. *Oilseed weighed down by USDA supply rise. The potential for heavier rains than previously forecast in the western Corn Belt from Monday through Wednesday looked favorable for the developing soybean crop, said Terry Reilly, senior commodity analyst at Futures International.

  • *At least 12 firefighters among 54 killed. TIANJIN, China, Aug 14- China defended on Friday fire fighters who initially hosed water on a blaze in a warehouse storing volatile chemicals, a response foreign experts said could have contributed to two huge blasts that killed 54 people. More than a dozen firefighters were among those killed by the explosions at the port...