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Australia & New Zealand

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  • *Oil fell to four-year low of $72 on Thursday. SINGAPORE, Nov 28- Airlines in Asia-Pacific are holding off from hedging their fuel costs as they wait for oil to dip below $70 a barrel in hopes of securing lower prices, industry executives said on Friday. The benchmark Brent crude oil price fell more than $6 to under $72 a barrel on Thursday, its lowest since July 2010,...

  • *Copper down for fifth straight session. LONDON, Nov 28- Copper fell to a eight-month low on Friday, pressured by a stronger dollar and selling across metals and commodity markets following steep falls in oil prices. Brent crude fell to a fresh four-year low under $72 a barrel after OPEC decided not to cut output on Thursday, sending related shares and currencies...

  • LONDON, Nov 28- The dollar strengthened on Friday after OPEC decided not to cut oil output, slamming commodity currencies like the Norwegian crown, which fell to five-year lows against the greenback and euro. That is deep in the European Central Bank's "danger zone" for inflation of below 1 percent and even further away from its target of just under 2 percent.

  • Australia out of step with new climate momentum Friday, 28 Nov 2014 | 1:24 AM ET

    CANBERRA, Australia— Australian Prime Minister Tony Abbott, who rose to power in large part by opposing a tax on greenhouse gas emissions, is finding his country isolated like never before on climate change as the U.S., China and other nations signal new momentum for action. For a nation of just 23 million, Australia has played a significant role in past talks, but...

  • MELBOURNE, Nov 28- Private funds are trawling for bargains in Australia in the aftermath of a global mining boom, looking to strip the fat at companies and projects they believe hold promise but which are struggling under the weight of sagging commodity prices. Most of those funds have focused on snaring assets in Africa and Latin America, shunning Australia due...

  • LONDON/ SYDNEY/ CAIRO Nov 27- Automobiles are supposed to get you from Point A to Point B. They can also get you into trouble, even if you aren't driving or riding in one, because they possess potent social symbolism. During a by-election in Rochester that was won by the anti-immigration United Kingdom Independence Party, she tweeted a picture of a white cargo van in...

  • Australia proposes tougher rules on foreign home buyers Wednesday, 26 Nov 2014 | 10:38 PM ET

    SYDNEY, Nov 27- Australia could tighten rules on foreign purchases of housing, including tough new penalties for avoidance, under proposals by a government-backed inquiry on Thursday. Although the inquiry was not focussed on investors from any particular country, wealthy buyers from China have largely been blamed for ramping up home prices in Australia's...

  • DIARY - Top Economic Events to Dec 9 Wednesday, 26 Nov 2014 | 7:01 PM ET

    MELBOURNE- Australian Treasury Secretary Martin Parkinson speaks in Melbourne, Australia- 0130 GMT. FRANKFURT- ECB board member Vitor Constancio participates in a press roundtable on the occasion of the " November 2014 Financial Stability Review" presentation organized by the European Central Bank in Frankfurt, Germany. LIMASSOL, Cyprus- 5th Limassol...

  • LONDON, Nov 26- Copper fell to a three-week low on Wednesday, under pressure from a weak demand outlook from top consumer China where economic growth has been slowing and after soft U.S. data. Three-month copper on the London Metal Exchange fell to its lowest since Nov. 5 at $6,558 a tonne in intraday trade, before paring losses to trade 0.6 percent weaker at $6,566 by...

  • METALS-Copper falls to three-week low on demand worries Wednesday, 26 Nov 2014 | 6:45 AM ET

    *European Commission unveils plan to kick-start growth. LONDON, Nov 26- Copper fell to a three-week low on Wednesday on the outlook for demand from top consumer China where economic growth has been slowing. It hit a three-week high of $6,772.50 a tonne last week following China's surprise interest rate cut, but prices have since receded on growing worries about...

  • *Crude oil extends losses ahead of Thursday's OPEC summit. Oil prices were also under pressure as major oil producing nations failed to agree on curbs to output ahead of an OPEC meeting on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.4 percent.

  • Crude oil extends losses ahead of Thursday's OPEC summit. Oil prices were also under pressure as major oil producing nations failed to agree on curbs to output ahead of an OPEC meeting on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3 percent.

  • Cruise ship passenger lost overboard off Sydney Tuesday, 25 Nov 2014 | 6:55 AM ET

    SYDNEY— An air and sea search for an 84- year-old passenger lost overboard from a cruise ship east of Sydney was called off Tuesday after authorities calculated that he could not have survived. A security camera showed the man had dropped 25 meters into the ocean from the Sun Princess on Monday evening about 280 kilometers east of Sydney, search manager...

  • DIARY - Top Economic Events to Dec 8 Monday, 24 Nov 2014 | 7:01 PM ET

    TOKYO- Europlace Financial Forum in Tokyo. Banque de France Governor Christian Noyer, French Economy Minister Emmanuel Macron and Bank of Japan Deputy Governor Hiroshi Nakaso to attend. SYDNEY- RBA Deputy Governor Philip Lowe speaks at the Annual Australian Business Economists Conference dinner in Sydney- 0905 GMT.

  • *China may cut rates again on deflation fears- sources. NEW YORK, Nov 24- The euro rose against the dollar and yen on Monday due to encouraging German business data and remarks from a top European Central Bank official that cast doubts on whether the bank will take aggressive stimulus measures in the near future. "It looks like there's some discord within the ECB...

  • *Soybeans lower on bright South American crop prospects. *Wheat follows corn, soy lower. Soybeans and wheat also declined.

  • *China may cut rates again on deflation fears-sources. NEW YORK, Nov 24- The euro rose against the dollar and yen on Monday due to encouraging German business data and remarks from a top European Central Bank official that cast doubts on whether the bank will take aggressive stimulus measures in the near future. "It looks like there's some discord within the ECB...

  • *China may cut rates again on deflation fears-sources. China might be ready to lower interest rate again after Friday's surprise rate cut in an effort to stem deflation, sources familiar with its policymaking told Reuters. As China, Europe and Japan were seen likely pursuing further policy easing, the U.S.

  • LONDON, Nov 24- The euro inched up against the dollar on Monday after a stronger-than-expected German business survey offered some respite, though it stayed close to a two-year low on bets of more easing in the euro zone. On Friday European Central Bank chief Mario Draghi threw the door open for more drastic measures as he stressed that "excessively low" inflation...

  • *Sources say China ready to cut rates again. LONDON, Nov 24- Copper prices slipped on Monday, reversing hefty gains from the previous session which followed China's surprise interest rate cut, as investors focused on the uncertain outlook for metals demand from the world's top consumer. Three-month copper on the London Metal Exchange was down 0.5 percent at...