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Australia & New Zealand

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  • METALS-Copper slips as Chinese growth, supply weighs Monday, 20 Oct 2014 | 6:46 AM ET

    *Copper unable to build on Friday's higher finish. SYDNEY/ LONDON, Oct 20- Copper stayed relatively weak on Monday, struggling to make headway after sliding to six month lows in the previous session, with uncertainty over China's economic growth and a firmer dollar against its main currency rivals. Analysts said that while uncertainty over growth in...

  • *Copper unable to build on Friday's higher finish. SYDNEY, Oct 20- London copper futures fell on Monday after hitting their lowest levels in six months in the previous session, hurt by worries over rising stocks, China's economic growth and the impending end of U.S. monetary stimulus. "Copper is looking weak from a supply and demand perspective," said a metals trader...

  • SYDNEY, Oct 20- Australia's government is looking at investing in nearly 30 irrigation schemes and reigniting a long-stalled program of dam building to combat growing water shortages constraining agricultural production. Australia has previously floated ambitious plans to use dams and irrigation to develop marginal land in the outback, but financial...

  • Australia has previously floated ambitious plans to use dams and irrigation to develop marginal land in the outback, but financial and environmental constraints meant it has not built a major new dam in decades. Australia is considering some level of investment in 28 potential projects, with six irrigation projects in Tasmania and Victoria seen as the most...

  • *Saudi Arabia, Kuwait stop production at Khafji oilfield. *Uncertainty over who controls Libya's oil. SINGAPORE, Oct 20- Brent crude edged higher on Monday, holding on to gains scored in the previous session that took it above $86 a barrel after robust U.S. data buoyed global financial markets, with a cut in Saudi- Kuwait oil output providing further support.

  • *Saudi Arabia, Kuwait stop production at Khafji oilfield. *Uncertainty over who controls Libya's oil. SINGAPORE, Oct 20- Brent crude futures edged higher on Monday, holding on to gains scored in the previous session that took it above $86 a barrel after robust U.S. data buoyed global financial markets, with a cut in Saudi- Kuwait oil output providing further support.

  • *Copper unable to build on higher finish on Friday. Copper has some of the weakest fundamentals among base metals as a wave of fresh supply works its way into the market. "Copper is looking weak from a supply and demand perspective," said a metals trader in Sydney.

  • DIARY- Top Economic Events to Oct 31 Friday, 17 Oct 2014 | 8:01 PM ET

    BOSTON- Federal Reserve Bank of Boston President Eric Rosengren speaks before the "Inequality of Economic Opportunity in the United States" conference in Boston- 1230 GMT. LONDON- Bank of England Deputy Governor Jon Cunliffe and ECB Vice President Vitor Constancio discuss bank regulation- 1045 GMT. WASHINGTON- Federal Reserve Board Governor Jerome Powell...

  • LONDON, Oct 17- The yen edged down on Friday as comments from a Federal Reserve policymaker helped revive some appetite for risk, with investors focused on a speech later by Fed chief Janet Yellen. Comments from James Bullard, head of the St. Louis Federal Reserve Bank, had already helped settle markets late on Thursday. "Judging from the equity markets today, and the...

  • *China Q3 GDP figures next week to be closely watched. LONDON, Oct 17- Copper hit fresh six-month lows on Friday on concern about a surge of mine supply swamping the market and lingering jitters over global growth. Copper is widely regarded as having some of the weakest fundamentals among base metals as a wave of fresh supply from new and expanded mines works its way...

  • BUSINESS-NEWS-SCHEDULE AT 0830 GMT / 4.30 AM ET Friday, 17 Oct 2014 | 5:02 AM ET

    LONDON- World stocks hit a nine-month low but oil and southern European bonds are off their week's lows, as investors begin to dust themselves off after one of the most volatile spells in world markets in years. LONDON- The Bank of England may need to keep interest rates lower for longer than previously thought to reduce the chance of Britain's economy slipping...

  • LONDON, Oct 17- World stocks hit a nine-month low on Friday but oil and southern European bonds were off their week's worst levels, as investors began to dust themselves off after one of the most volatile spells in world markets in years. Bourses in London, Frankfurt and Paris started the day up 1 to 1.5 percent and Athens rose 4.5 percent as Greek governments bonds...

  • LONDON, Oct 17- The dollar steadied along with most major currencies on Friday as stock markets bounced after a sharp sell-off that convulsed global markets this week. The head of the St. Louis Federal Reserve Bank, James Bullard, steadied markets somewhat on Thursday by talking up the idea of the U.S. central bank holding off on plans to end its bond-buying...

  • MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent, on course to log its sixth straight week of losses with a fall of 0.9 percent so far this week. Germany's DAX is seen starting up to 0.1 percent higher while France's CAC 40 could be 0.3 percent and Britain's FTSE 0.2 percent. A possible recession in Europe, a floundering economy in...

  • SYDNEY, Oct 17- Australian biotech firm CSL Ltd, the world's second-biggest blood products maker, said on Friday it's working on a plasma product to treat Ebola following a request from the Bill& Melinda Gates Foundation, part of a growing commercial response to the deadly outbreak. Along with CSL, Sydney- listed protective products maker Ansell Ltd, the world's...

  • SYDNEY, Oct 17- Australian biotech firm CSL Ltd, the world's second-biggest blood products maker, said on Friday it's working on a plasma product to treat Ebola following a request from the Bill& Melinda Gates Foundation, part of a growing commercial response to the deadly outbreak. Along with CSL, Sydney- listed protective products maker Ansell Ltd, the world's...

  • TOKYO, Oct 17- Asian stocks clawed back some of this week's losses on Friday after a solid set of U.S. data calmed turbulence in global financial markets, though underlying worries about slowing world economic growth kept investors on edge. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent, though it is likely to log its sixth...

  • TOKYO, Oct 17- Asian stocks were tentatively higher on Friday after a solid set of U.S. data calmed turbulence in global financial markets, though underlying worries about slowing world economic growth kept investors on edge. Japan's Nikkei share average rose 0.3 percent from a 4 1/ 2- month low hit the previous day while MSCI's broadest index of Asia-Pacific...

  • WASHINGTON, Oct 16- Medicine costs would rise if draft proposals in a Pacific Rim trade pact come into force, health and consumer rights advocates said on Thursday after the release of a leaked negotiating text. The TPP's 12 members range from the United States and Japan to Malaysia and Vietnam, where equitable access to medicine is a priority, and Australia and...

  • Oct 16- Chicago grain and soybean futures rose on Thursday on technical buying, rebounding from losses in the previous session that were due to forecasts for favorable harvest weather in the week ahead. The CBOE volatility index, the fear gauge of financial markets, hit its highest level since November 2011 and the S&P 500 and Nasdaq briefly fell into negative...