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Australia & New Zealand

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  • *Oil prices supported by fighting in Iraq, Yemen. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 percent, although Japan's Nikkei share average edged up just 0.4 percent thanks to some companies' move to boost shareholder returns. Spreadbetters expect European shares to post small gains, with Britain's FTSE and France's CAC40 seen rising...

  • *Shares in A $11 bln spin-off first trade at A $2.13. *At lower end of the A $2.00- A $3.00 range forecast by analysts. Shares in the A $11 billion spin-off first traded at A $2.13 at 0215 GMT, at the lower end of the A $2.00 to A $3.00 range forecast by analysts for Australia's biggest new listing in 15 years and the largest mining listing since Glencore Plc in 2011..

  • TOKYO, May 18- Asian shares struggled on Monday after soft data raised more questions about the health of the U.S. economy. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed while Japan's Nikkei share average edged up just 0.1 percent, despite stronger-than-expected orders. We estimate the U.S. economy shrank 0.9 percent, "said Shuji...

  • BHP spin-off South32 to test appetite for miners Sunday, 17 May 2015 | 12:00 AM ET

    The top end would value the company at A $16 billion, making it Australia's biggest new listing in 15 years and the biggest mining listing since commodities giant Glencore Plc in 2011.. BHP's shares are up 10 percent over the past month, Rio Tinto and Glencore Plc have risen about 5 percent and Anglo American is up 13 percent, which could help support the new...

  • *Analyst sees copper fair value at $5,700- $5,800. LONDON, May 15- Copper prices edged into positive territory on Friday as a slightly weaker dollar balanced worries that a recent rally as overshooting the supply-demand fundamentals. But bad news is good news, good for Fed to delay, "said Robin Bhar, head of metals research at Societe Generale in London.

  • *Analyst sees copper fair value at $5,700- $5,800. LONDON, May 15- Copper and other industrial metals fell on Friday as investors regarded a recent rally as overshooting the supply-demand fundamentals while a firmer dollar also weighed on prices. "Right now, we're probably above fundamentally justified levels, given that we've really not seen a big shift in...

  • *China refined copper output falls 5.2 pct in April. MELBOURNE, May 15- London copper was set to close flat for a second week on Friday, not too far from 2015 highs, as worries over sluggish demand were offset by hopes of revival in China's struggling property sector later in the year. China's interest rate cut at the weekend was the most recent in a string of measures to...

  • SYDNEY/ MELBOURNE, May 15- Australian Prime Minister Tony Abbott on Friday threw his support behind a proposed Senate inquiry into the economic impact of a slump in the price of iron ore, ratcheting up pressure on top producers Rio Tinto and BHP Billiton. Xenophon postponed the vote to June 16 due to a lack of support in the upper house Senate. Xenophon's call for a...

  • *Gold edges down but stays on track for hefty weekly rise. TOKYO, May 15- Asian shares edged down slightly but were still on track for a solid weekly rise, as investors awaited more U.S. data later in the session for clues on the timing of the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was slightly lower, but still poised to gain about 0.6 percent for...

  • METALS-London copper set to close flat for second week Thursday, 14 May 2015 | 11:19 PM ET

    *China refined copper output falls 5.2 pct in April. MELBOURNE, May 15- London copper was set to close flat for a second week on Friday, as worries over sluggish demand were offset by hopes of revival in China's struggling property sector later in the year. China's interest rate cut at the weekend was the latest in a string of measures to shore up a struggling property...

  • LONDON, May 14- Nickel fell on Thursday on concern about excess supply after inventories increased and pressured by a slide in Shanghai futures. Other metals were slightly firmer on a weaker dollar and on hopes that China would step up stimulus to boost economic growth. Three-month nickel on the London Metal Exchange fell 0.8 percent at $13,950 a tonne by 0951...

  • China, the world's top energy consumer, saw its economy losing more steam in April despite easier monetary policy, while Europe's largest economy, Germany, slowed in the first quarter. In the United States, retail sales were flat in April, dampening hopes of a sharp rebound in growth in the second quarter. June Brent crude fell 17 cents to $66.64 a barrel as of 0421 GMT...

  • Chinese airlines look inland for outbound opportunities Wednesday, 13 May 2015 | 11:19 PM ET

    By Fang Yan and Matthew Miller BEIJING, May 14- Chinese airlines are banking on the newly rich in China's inland provinces to drive the next phase of their global expansion, offering flights to destinations like San Jose and Nairobi from cities hundreds of miles from aviation hubs on the Chinese coast. Air China, China Eastern Airlines and China Southern...

  • China, the world's top energy consumer, saw its economy losing more steam in April despite easier monetary policy, while Europe's largest economy, Germany, slowed in the first quarter. In the United States, retail sales were flat in April, dampening hopes of a sharp rebound in growth in the second quarter. June Brent crude fell 22 cents to $66.59 a barrel as of 0221 GMT...

  • DIARY- Top Economic Events to May 27 Wednesday, 13 May 2015 | 8:01 PM ET

    WASHINGTON- European Central Bank President Mario Draghi will give the Michel Camdessus Central Banking Lecture at the International Monetary Fund- 1400 GMT. LONDON- Bank of England member Don Kohn speaks to the Society of Business Economists- 1700 GMT. OTTAWA- Bank of Canada publishes its semi-annual review, with articles on Inflation Dynamics in the...

  • May 13- Hamburger chain Shake Shack Inc reported a surprise quarterly profit, as they raised prices for their hormone- and antibiotic-free burgers, popular with increasingly health-conscious U.S. customers. Shake Shack, known for its rich milkshakes and crinkle fries, has carved out a niche for itself by offering fresher, better quality food, for which diners...

  • SINGAPORE, May 13- China's biggest grain trader has taken its next step to developing a major competitor to the traditional' Big 4' global agribusiness giants, ADM, Bunge, Cargill and Louis Dreyfus. Through a joint venture with sovereign wealth fund China Investment Corp, COFCO will merge its majority holdings in Dutch trader Nidera and Noble Agri into a new entity,...

  • MELBOURNE, May 13- London copper edged back up to a one-week high on Wednesday after weaker-than-expected readings on China's economy fuelled hopes of further easing in the world's top metals user, soothing concerns over copper demand. China's factory output, fixed-asset investment and retail sales all missed estimates, reinforcing expectations that...

  • *RBNZ announces plans to slow rise in Auckland housing market. *Plans 30 pct deposit on Auckland housing investment loans. "We are proposing these adjustments to the LVR policy to more directly target investor activity in the Auckland region," RBNZ Governor Graeme Wheeler said in the bank's six-monthly financial stability report.

  • Under the proposals, released as part of Australia's 2015/ 16 federal budget, companies with more than A $1 billion in global revenues that are found to have intentionally avoided paying tax in Australia could be pursued for lost taxes. With the new measures Australia will join Britain in leading a crackdown on companies such as global tech giants, Apple and...