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Australia & New Zealand

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  • *Euro stays on defensive on worries over Greece. SINGAPORE/ TOKYO, April 21- The dollar edged higher against its peers on Tuesday, drawing support as the euro was pressured by increasing worries that Greece could default on its debt and eventually exit the single currency. The Greek concerns are keeping traders on the lookout to sell the euro on rallies, said...

  • *Copper backwardation weakens on prospects of rising supply. MELBOURNE, April 21- London copper inched higher on Tuesday but was below four-week highs hit in the previous session as the initial positive impact of a cut in China's bank reserve requirements was eclipsed by renewed worries over its beleaguered property sector. China's weekend stimulus was...

  • DIARY- Top Economic Events to April 30 Monday, 20 Apr 2015 | 8:01 PM ET

    SYDNEY- Reserve Bank of Australia to release the minutes of its April policy meeting- 0130 GMT. GENEVA- European Central Bank Supervisory Board Chair Daniele Nouy speaks at the International Center for Monetary and Banking Studies- 1630 GMT. STOCKHOLM- Sweden's Riksbank Deputy Governor Henry Ohlsson takes part in panel debate- 1115 GMT.

  • FOREX-Dollar rises as euro slips on Greece anxieties Monday, 20 Apr 2015 | 11:15 AM ET

    NEW YORK, April 20- The dollar rose on Monday as the euro slid half a percent against the U.S currency amid gathering concerns that Greece may default on debts. The euro was last off 0.50 percent against the dollar at $1.0752, weighed down by the European Central Bank's bond-buying program and the risk Greece could leave the single currency within months.

  • FOREX-Euro dips, China boost for Aussie dollar fades Monday, 20 Apr 2015 | 7:39 AM ET

    LONDON, April 20- The euro slid just over half a percent against the dollar in a slack start to the week on Monday dominated by the fallout of new economic stimulus in China and concerns over Greece. But allied to the programme of money-printing embarked upon by the European Central Bank, the risk of Greece leaving the single currency within months still looks to...

  • *Copper price recovers on supply concerns- Barclays. MELBOURNE, April 20- London copper rallied to its highest level in four weeks on Monday, before gains frittered away, after China cut the amount of cash that banks must hold as reserves to help combat a slowdown in growth in the world's second-biggest economy. The move could help buttress copper prices, which are...

  • *Aussie& kiwi outperform after latest stimulus by China. LONDON, April 20- The Australian and New Zealand dollars rose on Monday after China boosted banks' lending power to support Asia's biggest market, prodding investors globally into traditionally higher-risk currency plays. The latter touched a near one-month high of $0.7844 in Asia deals after the China...

  • *Iraqi Kurdish forces widen buffer around Kirkuk. SINGAPORE, April 20- Oil prices rose on Monday, extending last week's gains as a drop in the number of U.S. rigs drilling for crude pointed to lower supply later in the year, while China's latest stimulus measure also underpinned the market. Brent crude was up 70 cents at $64.15 a barrel by 0532 GMT.

  • *Aussie& kiwi outperform after latest stimulus by China. SINGAPORE/ SYDNEY, April 20- The Australian dollar rose on Monday after China boosted banks' lending power to support an economy that is Australia's largest export market, while the euro was weighed down by concerns over Greece's struggle to agree terms with creditors. China is the biggest export market for...

  • *Gold holds steady amid weaker dollar. SINGAPORE, April 20- Gold was little changed above $1,200 an ounce on Monday with a softer dollar providing support for the safe-haven metal, but a lack of robust physical demand and uncertainty over the timing of a U.S. interest rate hike kept investors on edge. "Gold is stuck near $1,200 as there is more interest in equity, oil...

  • *Iraqi Kurdish forces widen buffer around Kirkuk. SINGAPORE, April 20- Oil prices rose on Monday, extending last week's gains as a drop in the number of U.S. rigs drilling for crude pointed to lower supply later in the year, while China's latest stimulus measure also underpinned the market. Brent crude was up 72 cents at $64.17 a barrel by 0324 GMT.

  • MELBOURNE, April 20- London copper rallied to its highest level in four weeks on Monday after China cut the amount of cash that banks must hold as reserves to help combat a slowdown in growth in the world's second-biggest economy. The move could help buttress copper prices, which are already showing signs of having found a floor, if it helps to stabilize China's...

  • *Mining sector shed nearly a fifth of workers in year. SYDNEY, April 20- As Australia's cooling mining sector lays off workers, an army of white-collar professionals is more than filling the employment gap, courtesy of a housing sector stoked by record low interest rates. "The home-building boom is serving to lift a raft of boats," said Craig James, chief economist at...

  • SYDNEY, April 20- The dollar got off to a sleepy start on Monday, in contrast to a more sprightly performance by its Australian and New Zealand peers in the wake of China's latest stimulus injection. The Aussie dollar briefly touched a near one-month high of $0.7844, rising from around $0.7785 late in New York on Friday. It's New Zealand counterpart climbed as far as...

  • NEW YORK, April 19- In January 2014, veteran short-seller Bill Fleckenstein said he was readying a new fund to bet on falling stock prices. Despite lackluster U.S. economic data, a world grappling with slow growth, concern that Greece and Ukraine could default on their debts, the U.S. stock market has been more than resilient. "It all comes down to free money and that old...

  • SHANGHAI, April 18- China's team charged with hunting down officials suspected of corruption who have fled overseas is aged 30 on average, speaks foreign languages and is well educated, a Chinese official said, giving rare details of a secretive operation. The government launched Operation Fox Hunt last year to go after suspects who have left China to try and...

  • MINEOLA, N.Y.— The patients of a Long Island cardiologist accused of trying to hire someone to hurt or kill another doctor after a professional dispute are standing by him while he tries to retrieve his records so he can return to work, his attorney said Friday. They were seized when authorities raided Moschetto's home on Long Island's Gold Coast on Tuesday.

  • *Likely to mean lower exports to the United States, Japan. SYDNEY, April 17- Exports of Australian beef are likely to fall faster than previously expected as slaughter rates drop off as a two-year drought eases, threatening to add fuel to a rally in U.S. beef prices. U.S. prices soared after drought in California wilted pasture, cutting the national herd to a 63- year...

  • SINGAPORE, April 17- The dollar wallowed near a one-week low against a basket of major currencies on Friday and was on track for its biggest weekly drop in a month in the wake of poor U.S. economic data. "It has been a run of weak data in recent weeks, and that's clearly undermining the dollar at present," said Mitul Kotecha, head of FX strategy, Asia-Pacific for Barclays in...

  • DIARY- Top Economic Events to April 29 Thursday, 16 Apr 2015 | 8:01 PM ET

    WASHINGTON- 2015 Spring Meetings of the World Bank Group and the International Monetary Fund. WASHINGTON- Institute for International Finance hosts International Capital Markets and Emerging Markets Roundtable. NEW YORK- Reserve Bank of Australia Governor Glenn Stevens speaks at an American Australian Association luncheon hosted by Goldman Sachs- 1630...