Australia & New Zealand


  • UPDATE 1-Google tests airborne drones to deliver goods Thursday, 28 Aug 2014 | 8:45 PM ET

    SAN FRANCISCO, Aug 28- Google Inc is developing airborne drones capable of flying on their own and delivering anything from candy to medicine, the Internet company said on Thursday.

  • Virgin Australia airline posts $333 million loss Thursday, 28 Aug 2014 | 8:34 PM ET

    SYDNEY— Australia's second largest airline, Virgin Australia Holdings Ltd., said on Friday it lost 356 million Australian dollars in its last fiscal year, a three-fold increase over the previous year.

  • KUALA LUMPUR, Aug 28- Malaysia Airlines has warned of poor second-half earnings as passenger bookings continue to fall in response to the loss of two aircraft in separate disasters this year.

  • LONDON, Aug 28- The euro rose further off a one-year low against the dollar on Thursday as feverish speculation of an imminent round of quantitative easing by the European Central Bank cooled. The common currency rose 0.1 percent to $1.3213, up from Wednesday's low of $1.3151 on trading platform EBS- the euro's weakest since early September 2013.

  • SYDNEY, Aug 28- The state of Western Australia on Thursday said it planned to sell government-owned assets, including part of the Port Hedland shipping terminal, for an estimated A $1 billion to A $2 billion as its resource-heavy economy adjusts to the collapse of a decade-long mining boom.

  • In line with Asia's subdued performance, spreadbetters expected a slightly lower start for European shares, forecasting Britain's FTSE to open as much as 0.1 percent lower, Germany's DAX down 0.15 percent and France's CAX 0.1 percent lower.

  • Asian stocks post cautious gains, Qantas surges Thursday, 28 Aug 2014 | 12:24 AM ET

    TOKYO— Asian stock markets were mostly higher Thursday but gains were muted ahead of U.S. economic data and possible policy announcements from Japan. Hong Kong's Hang Seng added 0.2 percent to 24,965.42. and South Korea's Kospi rose 0.3 percent to 2,080.43 Sydney's S&P/ASX 200 fell 0.5 percent to 5,626.30.

  • Glencore in talks to mine huge Australian bauxite deposit Thursday, 28 Aug 2014 | 12:18 AM ET

    SYDNEY, Aug 28- Glencore will hold talks with the government of the Australian state of Queensland over developing vast bauxite reserves that have remained untapped for decades despite a series of attempts by mining companies to get a project off the ground.

  • SYDNEY, Aug 28- Qantas Airways Ltd is looking past a record annual loss and predicting blue skies ahead, as a landmark change in Australian laws opens the door to significant foreign investment in the airline's international arm- its biggest headache.

  • Qantas Airways posts $2.6 billion loss for year Wednesday, 27 Aug 2014 | 8:12 PM ET

    SYDNEY— Qantas Airways Ltd. on Thursday posted a record 2.8 billion Australian dollar loss, reflecting a profit-draining battle with its smaller rival Virgin Australia and aircraft write downs. Shares of Qantas were up 7 percent in Sydney on the airline's confirmation it would separate its domestic and troubled international businesses.

  • DIARY -Top Economic Events to Sep 10 Wednesday, 27 Aug 2014 | 8:01 PM ET

    LUGANO, Switzerland- Swiss National Bank Vice President Jean-Pierre Danthine speaks at the UBS Session: The Role of Finance in Society- 1130 GMT. LJUBLJANA- Bled Strategic Forum 2014 in Slovenia.

  • NEW YORK, Aug 27- The euro rebounded from a 13- month low on Wednesday after a report suggested the European Central Bank might not introduce more stimulus next week while major U.S. stock indexes were little changed, with the S&P 500 clinging near the 2,000 milestone.

  • SAN FRANCISCO, Aug 27- Nutanix, which builds data infrastructures for companies, said on Wednesday it raised $140 million in another funding round, which valued the company at $2 billion. A spokeswoman for Wellington declined to comment.

  • NEW YORK, Aug 27- The euro rebounded from a 13- month low on Wednesday after a report suggested the European Central Bank might not introduce more stimulus next week while major U.S. stock indexes were little changed, with the S&P 500 hovering just above the 2,000 milestone.

  • FOREX-Dollar eases as euro falls on ECB speculation Wednesday, 27 Aug 2014 | 11:30 AM ET

    NEW YORK, Aug 27- The dollar softened on Wednesday as traders focused on riskier currencies, while the battered euro hit a 19- month low against the Swiss franc amid speculation the European Central Bank will resort to quantitative easing.

  • *Cushing up 508,000 bbls- EIA. LONDON, Aug 27- Brent crude oil rose towards $103 a barrel on Wednesday, recovering from a 14- month low hit last week as traders monitored maintenance work in the North Sea and as U.S. crude oil inventories fell.

  • NEW YORK, Aug 27- Major U.S. stock indexes rose on Wednesday with the Standard& Poor's 500 holding around the 2,000 milestone, while bets the European Central Bank is on the brink of injecting more stimulus knocked the region's government bond yields to record lows.

  • Australia and US to share information on travelers Wednesday, 27 Aug 2014 | 10:02 AM ET

    The agreement comes as Australia tightens its border security to prevent Australian jihadists from joining Islamic State in Iraq and Syria. Foreign Minister Julie Bishop said the agreement comes at a time when strengthening national border control through the use of technology has never been more important for Australia.

  • FOREX-Euro falls widely on ECB easing speculation Wednesday, 27 Aug 2014 | 8:45 AM ET

    *Euro hits lowest since January 2013 against Swiss franc. LONDON, Aug 27- The euro fell broadly on Wednesday, hitting a 19- month low against the Swiss franc, as speculation that the European Central Bank will resort to quantitative easing was fuelled by yet more bad news from the euro zone.

  • METALS-London copper dips on dollar, increasing supply Wednesday, 27 Aug 2014 | 6:58 AM ET

    *Dollar sets 13- month high, euro struggles. LONDON, Aug 27- Copper fell on Wednesday as a firm dollar and the prospect of increasing supply of the metal offset growing confidence in U.S. economic growth.