GO
Loading...

Australia & New Zealand

More

  • NEW YORK, March 6- A robust U.S. jobs report raised concern in markets that the Federal Reserve may raise interest rates sooner than previously thought, hammering U.S. stock and bond prices on Friday. "Any sign of undue strength will raise the specter of rates climbing sooner than expected, and we were already expecting rates to rise this year," said Bruce McCain, chief...

  • NEW YORK, March 6- A robust U.S. jobs report raised concern in markets that the Federal Reserve may raise interest rates sooner than previously thought, knocking U.S. stock and bond prices lower on Friday. "Any sign of undue strength will raise the specter of rates climbing sooner than expected, and we were already expecting rates to rise this year," said Bruce McCain,...

  • SINGAPORE, March 6- Brent crude rose to trade near $61 a barrel on Friday as geopolitical tensions in Libya and Iraq stoked supply worries, while traders eyed U.S. rig counts and the outcome of Iran nuclear talks for further trading cues. Fighting has escalated in northeast Iraq where the Islamic State militants have lit up oil wells to deter Shi'ite militiamen...

  • SINGAPORE, March 6- Brent crude rose above $61 a barrel on Friday amid geopolitical tensions in Libya and Iraq, while traders eyed U.S. rig counts and the outcome of Iran nuclear talks for further trading cues. Fighting has escalated in northeast Iraq where the Islamic State militants have lit up oil wells to deter Shi'ite militiamen and Iraqi soldiers from...

  • Brent climbs above $61 on Mideast supply concerns Thursday, 5 Mar 2015 | 10:37 PM ET

    SINGAPORE, March 6- Brent crude rose above $61 a barrel on Friday, supported by geopolitical tensions in Libya and Iraq, while traders eyed the outcome of Iran nuclear talks for further trading cues. Fighting has escalated in northeast Iraq where the Islamic State militants have lit up oil wells to deter Shi'ite militiamen and Iraqi soldiers from advancing.

  • "Canada is, for all intents and purposes, one of the best places you can explore," said Ian Ball, president of Abitibi Royalties Inc. "It had fallen out of favor a bit, but it is coming back quite rapidly." But that trend is beginning to turn for some of those with gold projects in Canada. These Canadian mines generally do not hold the promise mega projects like Barrick Gold...

  • TORONTO, March 5- Kit and Ace, a Canadian apparel start-up backed by the billionaire founder of Lululemon, will open stores in London, Australia and Japan this year, ahead of schedule, prompted partly by choice real estate, one of its senior executives said. The ramp-up in Kit and Ace's growth plans comes as Lululemon Athletica Inc founder Chip Wilson, who announced...

  • *China bonded aluminum premiums slip $5 to $360. LONDON, March 5- Base metals climbed on Thursday on hopes for more stimulus measures in China after the top consumer cut its annual economic growth target, but copper lagged the others after inventories surged again, highlighting worries about oversupply. "The reality is that China is slowing and the hope is that as...

  • SYDNEY— She wakes up every morning and reaches for the smartphone on her nightstand, searching for the same jumble of letters and numbers that have consumed her life for a year: MH370. And so Danica Weeks puts down her phone and reaches instead for Paul's wedding ring, which she wears on a chain around her neck. It's the day crews on board four ships that have been...

  • TOKYO/ SYDNEY, March 5- The euro slid to its weakest level in more than 11 years against the dollar on Thursday, as investors waited for the European Central Bank to announce more details of its massive bond-buying program. The common currency fell to as low as $1.1026 as of 0653 GMT, its lowest level since September 2003. It last traded at $1.1039, down 0.4 percent on...

  • SINGAPORE, March 5- Brent crude was flat on Thursday, managing to hold above $60 a barrel as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear program. Tehran's ambassador to the International Atomic Energy Agency said on Wednesday no deal had been reached on the duration of any possible final...

  • MELBOURNE, March 5- London copper was little changed on Thursday as markets digested China's latest outline for economic reform and looked ahead to a central bank meeting in Europe and key U.S. jobs data. China's top state planning agency pledged on Thursday to accelerate policies to promote cleaner and renewable sources of energy and tackle overcapacity in...

  • SINGAPORE, March 5- Brent crude was flat on Thursday, managing to hold above $60 a barrel as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear program. Tehran's ambassador to the International Atomic Energy Agency said on Wednesday no deal had been reached on the duration of any possible final...

  • DIARY-Top Economic Events to March 18 Wednesday, 4 Mar 2015 | 7:01 PM ET

    TEXAS- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Reflections on 10 Years at the Fed& Farewell, El Paso" before a community forum hosted by the Federal Reserve Bank of Dallas El Paso Branch- 0000 GMT. SYDNEY- Reserve Bank of Australia Deputy Governor Philip Lowe speaks at the Goldman Sachs 10th Annual Global Macroeconomics Conference- 0130...

  • *China is world's second-biggest defence spender. *Aircraft carriers, submarines seen among China's priorities. BEIJING, March 4- China's defence budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as...

  • LONDON, March 4- Nickel rebounded on Wednesday, breaking a string of four straight losing sessions, after reports of closures of nickel operations in China and despite a surge in inventories. On Tuesday, it had hit the lowest since January 2014 at $13,610. Analysts at Macquarie Bank said nickel demand in China should get a boost from a government order to close some...

  • LONDON, March 4- Nickel prices slid for the fifth straight session on Wednesday towards the lowest levels in nearly 14 months after inventories touched another record high, fanning worries over demand in top consumer China. It should have done, but it hasn't, "said Nic Brown, head of commodities research at Natixis. "I worry that the picture in China is worse than we...

  • *China is world's second biggest defense spender. *Aircraft carriers, submarines seen among China's priorities. BEIJING, March 4- China's defense budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as...

  • "Clearly the bulls have capitulated," said strategist Daniel Hynes of ANZ in Sydney, adding that there appeared to be no sign of nickel ore being replaced with nickel in China. Macquarie, however, said nickel demand in China should get a boost from a central government order to close some nickel pig iron factories to curb pollution, citing China research house...

  • CANBERRA, Australia— Australian authorities are clamping down on wealthy foreigners illegally buying real estate, ordering a Chinese billionaire to sell a Sydney mansion he recently bought for $30 million. The billionaire, Hui Ka Yan, is chairman of Hong Kong- listed real estate developer Evergrande Real Estate Group, which is based in Guangzhou, China.