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Asia-Pacific News Australia & New Zealand

  • *China inflation picks up, lessens global deflation danger. SYDNEY, Feb 14- Asian shares inched to 19- month highs on Tuesday as the potential for economic stimulus in the United States underpinned the dollar, bond yields and Wall Street stocks. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, trying for its fifth straight session...

  • SYDNEY, Feb 14- Australia's Treasury Wine Estates Ltd, the world No. 1 stand-alone wine company, posted a record half-year profit on U.S. and China sales, but its shares came off all-time highs on worries its rapid growth may have peaked. Treasury's shares have tripled since 2014 under Chief Executive Michael Clarke as it rebuffed two takeover approaches, rebuilt...

  • *China inflation picks up, lessens global deflation danger. SYDNEY, Feb 14- Asian shares inched to 19- month highs on Tuesday as the potential for economic stimulus in the United States lifted the dollar, bond yields and Wall Street stocks. Helping sentiment was data showing consumer and producer prices were rising in China and thus reducing the danger of...

  • WELLINGTON, Feb 14- House prices in New Zealand's largest city of Auckland recovered in January, data released on Monday showed, a move the central bank will be watching closely for signs the red-hot market's moderation was only temporary. Prices in Auckland rose 2.4 percent on the month after a 1.4 percent dip in December, the Real Estate Institute of New Zealand...

  • WELLINGTON, Feb 14- New Zealand house prices rose in January as the red-hot market of Auckland picked up, the Real Estate Institute of New Zealand said on Tuesday. Seasonally adjusted median house prices rose 0.2 percent in January compared to the previous month and were up 9.9 percent on a year ago. Prices in Auckland, the country's largest city, rose 2.4 percent on...

  • *BHP says can't meet supply obligations on Chile strike. LONDON, Feb 13- The price of copper on Monday hit its highest level since May 2015, extending the previous session's near 5 percent surge after shipments from the world's two biggest copper mines were disrupted. "Copper has managed to break higher from its recent range with the supply disruptions from two...

  • *BHP says can't meet supply obligations on Chile strike. LONDON, Feb 13- Copper hit its highest since May 2015 on Monday, extending the previous session's near 5 percent surge after shipments were disrupted from the world's two biggest copper mines. "Copper has managed to break higher from its recent range with the supply disruptions from two major producers," Saxo...

  • BEIJING— Asian stock markets rose Monday after Wall Street hit a new high and a meeting between President Donald Trump and Japan's prime minister appeared to soothe tensions over trade and currency. KEEPING SCORE: The Shanghai Composite Index advanced 0.5 percent to 3,212.94 and Tokyo's Nikkei 225 index gained 0.4 percent to 19,459.15.

  • BEIJING— Asian stock markets have risen after major Wall Street indexes ended last week at record highs and a summit between President Donald Trump and Japan's prime minister appeared to sooth tensions over trade and currency policies. Benchmarks in Japan, China, Australia and South Korea all advanced. Sydney's S&P-ASX 200 added 0.7 percent to 5,762.70 while...

  • *China imports 380,000 T copper in Jan, down 22 pct vs Dec. LONDON, Feb 10- Copper prices surged to their highest in 20 months on Friday after BHP Billiton declared force majeure due to a strike at the world's biggest copper mine in Chile. President Trump calmed international tensions by affirming the "one- China" policy and promised big tax cuts.

  • *China imports 380,000 T copper in Jan, down 22 pct vs Dec. Trade data from China, the world's biggest metals consumer, also provided support, but copper pulled back from highs after Indonesia issued new mining permits to Freeport McMoRan Inc, opening the way for a resumption of exports. "Trump seems to have come round to the one- China view and he wants to have a good...

  • WELLINGTON, Fla. _ B/E Aerospace Inc. on Friday reported fourth-quarter profit of $60.4 million. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 80 cents per share. Three analysts surveyed by Zacks expected $701.3 million.

  • *China imports 380,000 T copper in Jan, down 22 pct vs Dec. President Trump calmed international tensions by affirming the "one- China" policy and promised big tax cuts. "Trump seems to have come round to the one- China view and he wants to have a good business relationship, together with his promises of' phenomenal' tax cuts, which really galvanised stock markets...

  • HONG KONG, Feb 10- Bain Capital is planning its first Asia- focused credit fund, seeking to raise $1 billion to capitalize on distressed debt and direct lending opportunities as banks dispose of those assets and operations, people familiar with the plans told Reuters. The planned doubling of its Asia credit exposure underscores what Bain and other distressed...

  • *Sydney braces for power blackouts. SYDNEY/ MELBOURNE, Feb 10- Major energy users in Australia shut down on Friday, and the public were asked not to go home and cook or watch television, averting big blackouts amid strained supplies as an extreme heat wave moved from the desert interior to the east coast. Authorities had been preparing to temporarily suspend power...

  • WELLINGTON, Feb 10- New Zealand and China will soon hold a series of high-level meetings and work to promote free trade, the countries' governments said on Friday, amidst growing concerns about U.S. trade protectionism. Chinese Foreign Minister Wang Yi and his New Zealand counterpart Murray McCully met in New Zealand's largest city, Auckland, on Friday, a day after...

  • *Authorities in New South Wales order some businesses to shut. SINGAPORE, Feb 10- Extreme heat in Australia has caused power prices to soar to an unprecedented A $14,000 per megawatt-hour during peak demand periods in New South Wales as power stations struggle to meet skyrocketing cooling demand. Wholesale power prices for immediate dispatch in the state,...

  • SHANGHAI/ WELLINGTON, Feb 10- New Zealand and China will soon hold a series of high-level meetings and work to promote free trade, the countries' governments said on Friday, amidst growing concerns about U.S. trade protectionism. Chinese Foreign Minister Wang Yi and his New Zealand counterpart Murray McCully met in New Zealand's largest city, Auckland, on Friday, a...

  • *Solid demand from China, SEAsia underpinning market. SINGAPORE, Feb 10- Many a swan song has been sung for thermal coal markets as renewable power generation and a push towards using more natural gas have gained traction. "We are pleased to see the improvement in thermal coal market dynamics on the back of supply cuts in China and sustained demand," said Febriati...

  • BEIJING, Feb 10- China posted much stronger-than-expected trade data for January as demand picked up at home and abroad, an encouraging start to 2017 for the world's largest trading nation even as Asia braces for a rise in U.S. protectionism under President Donald Trump. Trump criticised China, Japan and Germany last week, saying the three key U.S. trading...