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Asia-Pacific News Australia & New Zealand

  • *South America supply outlook takes shine off U.S. exports. *Corn also stays weak on bumper South America crop prospects. PARIS/ SYDNEY, March 24- U.S. soybean prices eased on Friday to hit a four-month low as expectations for South American production continued to rise, leading investors to ignore healthy weekly U.S. exports.

  • LONDON, March 24- Copper steadied on Friday but was set to end the week almost 2 percent lower as workers agreed to resume work at the world's top copper mine in Chile. Investors this week were also jittery on prospects that President Donald Trump's healthcare bill would not pass, suggesting he may not be able to muster the backing needed to push through fiscal...

  • MELBOURNE, March 24- London copper was on Friday set to drop more than 2 percent for the week, with striking union members agreeing to return to work at the world's top copper mine, in Chile. "There was a lot of exuberance at the start of the year about President Trump's pro-growth policies and certainly base metals benefitted from that," said analyst Daniel Hynes at...

  • WELLINGTON, March 24- New Zealand Prime Minister Bill English on Friday announced a renewed push to promote free trade in his first major trade policy announcement since taking over as leader last December. New Zealand's $180 billion economy depends on exports, and the country lobbied hard in favour of the Trans-Pacific Partnership trade deal.

  • LONDON, March 23- Deutsche Bank has chosen a new office for its London headquarters, signalling a vote of confidence in Britain's capital despite the country's decision to leave the European Union. This week Goldman Sachs said it would begin moving hundreds of people out of London as part of contingency planning to retain access to the single market even before...

  • SEOUL/ TOKYO/ MILAN, March 23- The world's biggest liquefied natural gas buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows. Korea Gas Corp said on Thursday it had signed a memorandum of understanding in mid-March with Japan's JERA and China National...

  • *S.Korea' s KOGAS, Japan's Jera, China's CNOOC sign MOU. Korea Gas Corp said on Thursday it had signed a memorandum of understanding in mid-March with Japan's JERA and China National Offshore Oil Corp to exchange information and "cooperate in the joint procurement of LNG." The unusual alliance of three buyers across three countries will pressure exporters like...

  • CANBERRA, Australia— China's premier on Thursday warned against protectionism, saying his country planned to close its $50 billion a year deficit with Australia by expanding the trading relationship rather than retreating from it. China "cannot close our doors" to solve its trade imbalance with Australia, which last year left the Chinese with a $50 billion...

  • *Asia higher but markets nervous about U.S. growth prospects. SINGAPORE, March 23- Asian stocks rose on Thursday, taking their cues from a Wall Street bounce, while the dollar crawled up from a four-month low but remains clouded by concerns about U.S. "Investors with a lot of cash used yesterday's downturn and the mornings weakness today as a buying opportunity," said...

  • LONDON, March 22- Copper rebounded from a near two-week low on Wednesday as investors took advantage of a correction to rebuild long positions amid persistent supply issues, including a strike at the world's biggest copper mine in Chile. People think this is a correction in an overall uptrending market, "said Robin Bhar, head of metals research at Societe...

  • LONDON, March 22- Copper fell on Wednesday, joining a sell-off in shares, oil and other commodities on disappointment that U.S. "We seem to be having a bout of profit taking set against some falls in equity markets and some risk aversion," said Robin Bhar, head of metals research at Societe Generale in London. Earlier in the day, prices hit their weakest since March 10 at...

  • LONDON, March 22- Copper fell on Wednesday, joining a sell-off in shares, oil and other commodities on disappointment that U.S. "We seem to be having a bout of profit taking set against some falls in equity markets and some risk aversion," said Robin Bhar, head of metals research at Societe Generale in London. *COPPER: Three-month copper on the London Metal Exchange had...

  • MELBOURNE, March 22- London copper dropped with other commodities on Wednesday as investors shunned risk on doubts over the economic agenda of U.S. Concerns that the U.S. would not push through corporate tax cuts as promised before the election pulled down stocks in Asia, with the negative sentiment spilling into metals, said analyst Daniel Morgan of UBS in...

  • He is also the most senior Chinese official to visit Australia since 2014 when President Xi Jinping finalized a bilateral free trade deal with Australia which started in 2015.. China is Australia's biggest trading partner, with bilateral trade exceeding $107 billion and bilateral investment exceeding $100 billion. Australia is an enthusiastic advocate...

  • CANBERRA, Australia— Facebook, Google and other multinational companies are now paying tax in Australia based on their Australian profits instead of shifting income to low-tax countries since the government cracked down on such tax avoidance, the treasurer said Tuesday. Australia will take in an extra 2 billion Australian dollars in tax from multinational...

  • BEIJING— China hopes Australia will continue to look beyond the countries' ideological differences and focus on bilateral business ties and other forms of cooperation, a senior Chinese official said Tuesday. He said China hopes that Australia will "continue to uphold this spirit, abandon the zero sum or ideologically biased mentality and view China and China-...

  • *Fed's intended gradual pace of hikes disappoints dollar bulls. TOKYO, March 21- The dollar was on the defensive in Asian trading on Tuesday, after Chicago Federal Reserve President Charles Evans reinforced the perception that the U.S. central bank won't accelerate the pace of its interest rate hikes. The dollar index, which tracks the greenback against a basket...

  • The airline, 10 percent- owned by British entrepreneur Richard Branson, identified China as a target growth market in mid-2016 when it took on China's HNA Innovation Ventures and China's Nanshan Capital Holdings as major shareholders. "Virgin Australia's entry into Hong Kong and greater China is a key pillar of our international strategy, allowing us to tap...

  • LONDON, March 20- Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging- in countries with large deficits and deep debt. They control about $6.5 trillion, according to data provider Preqin, and have transformed the global investment landscape by...

  • LONDON, March 20- Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging- in countries with large deficits and deep debt. They control about $6.5 trillion, according to data provider Preqin, and have transformed the global investment landscape by...