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Australia & New Zealand

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  • *Euro slips below $1.26 for 1st time in 2 years. LONDON, Sept 30- The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro zone inflation fell in September, putting the greenback on track for its best quarter in six years.

  • Global stock markets mostly turn higher Tuesday, 30 Sep 2014 | 4:20 AM ET

    BANGKOK— Global stocks were mostly higher Tuesday after Wall Street declined and pro-democracy protests in Hong Kong, a major financial center, added to political risk worries. ASIA'S DAY: Hong Kong's Hang Seng Index tumbled 1.3 percent to 22,932.98 points after protesters blocked streets in the business district.

  • FOREX-Dollar heads for best quarter in 6 years Tuesday, 30 Sep 2014 | 3:58 AM ET

    LONDON, Sept 30- The dollar was poised to finish the month with its biggest quarterly gain in six years, though it paused for breath on Tuesday and some analysts saw its recent rally running out of steam.

  • "There are two prices that matter for Australia right now, those for homes and those for commodities, said Paul Bloxham, chief economist for Australia at HSBC. The alarm is shared by Australia as over 35 percent of its exports go to China, giving it an annual trade surplus worth around A $50 billion with the Asian giant.

  • Asian stocks mostly lower after US declines Tuesday, 30 Sep 2014 | 12:01 AM ET

    BANGKOK— Asian stocks were mostly lower Tuesday after Wall Street's losses overnight and pro-democracy protests in Hong Kong, a major financial center, added to worries about political risk. Sydney's S&P ASX 200 gained 0.2 percent to 5,275.60 while Seoul, Taipei, Singapore and New Zealand declined.

  • DIARY - Top Economic Events to Oct 13 Monday, 29 Sep 2014 | 8:01 PM ET

    LONDON- Bank of England Monetary Policy Committee member David Miles speaks at London School of Economics and Political Science- 1730 GMT. VIENNA- ECB Executive Board member Sabine Lautenschlaeger speaks at the annual supervisory conference in Vienna on the topic: "National supervision within a European system- getting the balance right"- 0745 GMT.

  • "There are two prices that matter for Australia right now, those for homes and those for commodities, said Paul Bloxham, chief economist for Australia at HSBC. The alarm is shared by Australia as over 35 percent of its exports go to China, giving it an annual trade surplus worth around A $50 billion with the Asian giant.

  • Qantas puts world's largest plane on longest route Monday, 29 Sep 2014 | 4:23 PM ET

    A Qantas Airbus A380 touched down Monday at Dallas-Fort Worth International Airport about 15 hours after leaving Sydney, Australia, on the 8,578- mile journey. Qantas previously flew the Sydney- Dallas route with the Boeing 747, which required a stopover in Brisbane, Australia.

  • METALS-Copper gains after dollar dips, nickel slides Monday, 29 Sep 2014 | 12:09 PM ET

    LONDON, Sept 29- Copper prices rose on Monday, after earlier touching their lowest level in almost three months, as the dollar pulled back from an earlier four-year high against a basket of currencies. Benchmark copper on the London Metal Exchange closed up 0.4 percent at $6,742 after falling to a session low of $6,666 a tonne, its weakest since June 16.

  • LONDON, Sept 29- Copper prices steadied on Monday, after earlier touching their lowest level in almost three months, as the dollar pulled back from an earlier four-year high against a basket of currencies. Benchmark copper on the London Metal Exchange was up 0.35 percent at $6,740 by 1449 GMT after falling to a session low of $6,666 a tonne, its weakest since June 16.

  • LONDON, Sept 29- Copper prices fell to their lowest level in almost three months on Monday, weighed down by a sharp rise in the dollar and uncertainty about the outlook for growth in China, its top consumer.

  • SYDNEY, Sept 29- London copper slipped to its lowest in more than three months on Monday, pressured by a stronger dollar and questions over economic growth in top metals user China.

  • New Zealand dollar sinks after central bank sells Monday, 29 Sep 2014 | 12:05 AM ET

    WELLINGTON, New Zealand— The New Zealand dollar sank Monday after the central bank disclosed it conducted its biggest sell-off of the currency in seven years to lower an exchange rate that is squeezing exporters. Data released by the Reserve Bank showed it sold 521 million New Zealand dollars during August.

  • SYDNEY, Sept 29- London copper slipped to its lowest in more than three months on Monday, pressured by a stronger dollar and questions over economic growth in top metals user China.

  • MADRID/ SYDNEY, Sept 28- A year after Spain, the sunniest country in Europe, issued notice of a law forcing solar energy-equipped homes and offices to pay a punitive tax, architect Inaki Alonso re-installed a 250 watt solar panel on a beam over his Madrid roof terrace.

  • SINGAPORE, Sept 26- Brent crude traded near $97 a barrel on Friday, but was set for its third weekly fall in four, as hefty supplies erased price gains and outweighed concerns that rising tensions in the Middle East have disrupted supplies.

  • SINGAPORE, Sept 26- Brent crude slipped below $97 a barrel on Friday, set for its third weekly fall in four, as hefty supplies erased price gains and outweighed concerns that rising tensions in the Middle East could disrupt supply. France has joined a U.S.-led coalition which stepped up air strikes on Islamic State targets in Syria and Iraq.

  • METALS-Copper eyes weekly loss on China demand concerns Thursday, 25 Sep 2014 | 11:01 PM ET

    MELBOURNE, Sept 26- London copper steadied near three-month lows on Friday but was set to chalk up a weekly loss as worries over demand growth in top consumer China weighed on prices.

  • SINGAPORE, Sept 26- Brent crude held above $97 a barrel on Friday, set for its third weekly fall in four, as hefty supplies capped price gains and outweighed concerns that rising tensions in the Middle East could disrupt supply. France has joined a U.S.-led coalition which stepped up air strikes on Islamic State targets in Syria and Iraq.

  • DIARY - Top Economic Events to Oct 8 Thursday, 25 Sep 2014 | 8:01 PM ET

    LONDON- Bank of England holds quarterly Financial Policy Committee meeting. Federal Reserve chair Ben Bernanke speaks before the National Association for Business Economics annual meeting in Chicago- 1615 GMT.