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  • *China sees sluggish pick-up in demand after New Year hols. LONDON, March 3- Copper prices slipped on Tuesday from a seven-week peak hit in the previous session as excitement over a weekend interest rate cut in top consumer China dissipated, and as the dollar was seen gaining strength. This week could see China's growth forecast coming in at around 7 percent, and...

  • SYDNEY, March 3- Australia has ordered the Chinese owner of a A $39 million Sydney mansion to sell up, the first crackdown on foreign residential purchases in nearly a decade amid government attempts to cool one of the world's hottest property markets. "Villa del Mare" was bought "illegally" in November by Golden Fast Foods Pty, a firm owned by Hong Kong- listed...

  • SYDNEY— Nearly a year has passed since Malaysia Airlines Flight 370 vanished on a flight from Kuala Lumpur to Beijing, sparking one of the most perplexing mysteries of modern times. The current phase of the search in the deep, dark and desolate waters of the Indian Ocean has failed to yield a single clue about the plane's fate. A: Crews have scoured more than 40...

  • SYDNEY, March 3- Australia on Tuesday announced it was forcing the Chinese owner of a A $39 million Sydney mansion to sell up within 90 days, the first such crackdown on foreign investment in residential real estate since 2006.. "Villa del Mare" was bought "illegally" in November by Golden Fast Foods Pty, owned by Hong Kong- listed Evergrande Real Estate Group through a...

  • TOKYO/ SYDNEY, March 3- The dollar pulled back a little from an 11- year peak against a basket of major currencies on Tuesday, with the Australian dollar stealing the spotlight as it surged after the Reserve Bank of Australia stood pat on interest rates. The U.S. currency also was pressured against the yen after Etsuro Honda, an economic adviser to Japanese Prime...

  • *Brent crude stabilizes after plunge on Iran nuclear deal talk. TOKYO, March 3- Most Asian stock markets edged higher on Tuesday, bolstered by another record day on Wall Street, while a resurgent yen helped knock the U.S. dollar index off an 11- year high. MSCI's broadest index of Asia-Pacific shares outside Japan added about 0.1 percent, while Japan's Nikkei stock...

  • *Brent crude plunges on speculation of Iran nuclear deal. TOKYO, March 3- The U.S. dollar hovered close to an 11- year high against a basket of currencies while Asian shares firmed in early trade on Tuesday, with sentiment bolstered by another record day on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan was nearly flat, while Japan's Nikkei...

  • DIARY-Top Economic Events to March 15 Monday, 2 Mar 2015 | 7:01 PM ET

    LONDON- Bank of England's Paul Fisher speaks at the Economist's Insurance Summit 2015- 0910 GMT. LONDON- Bank of England's Anthony Habgood and Governor Mark Carney appears before Treasury Select Committee- Grabiner Report- 1000 GMT. LAKE FOREST, United States- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and...

  • LONDON, March 2- Copper rose to its highest level in seven weeks on Monday after China unexpectedly cut interest rates but gains were capped on worries about slowing Chinese growth. The rate cut is showing the readiness of the Chinese government to fight against the slowdown, "said Eugen Weinberg, head of commodity research at Commerzbank in Frankfurt.

  • Dealers and analysts in London, where 60 percent of the world's currency trade is done, said the main theme of the next week would be how markets will deal with the launch of outright money-printing by the European Central Bank. It was down just under 0.1 percent against the dollar in early European deals, having sunk to a 5- week low after the People's Bank of China...

  • SINGAPORE, March 2- Oil dropped more than 1 percent on Monday, with Brent slipping below $62 a barrel, depressed by a stronger dollar and a rise in Libya's crude output. "The U.S. dollar strength and euro weakness tend to offset any positive reaction that we're supposed to see in oil prices," said Ric Spooner, chief analyst at CMC Markets in Sydney. Brent crude hit a low of...

  • *China Feb PMI edges up to 7- mth high- HSBC. Brent crude was down 38 cents at $62.20 a barrel by 0645 GMT after an 18 percent gain in February, the largest monthly rise since May 2009. Manufacturing activity in China edged up to a seven-month high in February, HSBC's survey showed.

  • World market momentum over Chinese rate cut fades Monday, 2 Mar 2015 | 1:32 AM ET

    KEEPING SCORE: Britain's FTSE 100 gained 0.3 percent to 6,964.66 and Germany's DAX climbed 0.3 percent to 11,428.83. Hopes for stronger growth in China boosted mining companies and other resource-related shares, such as miner BHP Billiton, which rose 0.4 percent and Glencore Plc, which added 1.8 percent. CHINA RATE CUT: The People's Bank of China cut interest...

  • *MSCI's Asia-Pacific stock index up 0.1 pct after China rate cut. *Australian shares hit 7- year high after China eases. *But overall risk asset impact from China cut limited.

  • *Dollar hits 2- year high vs yuan after China rate cut. TOKYO/ SYDNEY, March 2- The dollar hit an 11- year high against a basket of major currencies on Monday, with the greenback gaining a broad lift after an interest rate cut in China dented the Chinese yuan and emerging Asian currencies. After rallying to $0.7850 earlier on Monday, the Aussie dollar reversed course...

  • *China Feb PMI edges up to 7- mth high- HSBC. SINGAPORE, March 2- Oil stayed in the red on Monday on supply concerns despite partly recovering from earlier losses after a private business survey showed an improvement in China's manufacturing sector in February. HSBC's survey on private business showed that activity in China's factory sector edged up to a...

  • *MSCI's Asia-Pacific stock index up 0.1 pct after China rate cut. *Australian shares hit 7- year high after China eases. *But overall impact from China cut limited, AUD hands back gains.

  • KEEPING SCORE: Japan's Nikkei 225 gained 0.3 percent to 18,847.19 and South Korea's Kospi added 0.2 percent to 1,989.27. Hong Kong's Hang Seng Index rose 0.3 percent to 24,898.25 and the Shanghai Composite Index advanced 0.4 percent to 3,322.23. CHINA RATE CUT: The People's Bank of China cut interest rates for the second time in three months Saturday, reducing...

  • *MSCI's Asia-Pacific stock index up 0.1 pct after China rate cut. TOKYO, March 2- Asian stocks got off to a steady start on Monday as soft U.S. data was partially offset by a weekend interest rate cut by China, while the dollar hit a five-week high against the euro. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent and Tokyo's Nikkei rose...

  • The knowledge gained so far is of little comfort to family and friends of the 239 people still missing from the plane, which vanished last March 8 during a flight from Kuala Lumpur, Malaysia, to Beijing. In the Indian Ocean west of Australia, where experts believe the plane crashed, scientists have been mapping the sea floor to aid in the search for wreckage.