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Australia & New Zealand

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  • *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.

  • SYDNEY— Australia, Indonesia and Malaysia will lead a trial of an enhanced method of tracking aircraft over remote oceans to allow planes to be more easily found should they vanish like Malaysia Airlines Flight 370, Australia's transport minister said Sunday. The announcement comes one week ahead of the anniversary of the disappearance of Flight 370, which...

  • SYDNEY— Australia, Indonesia and Malaysia will lead a trial to enhance the tracking of aircraft over remote oceans, allowing planes to be more easily found should they vanish like Malaysia Airlines Flight 370, Australia's transport minister said Sunday. The announcement comes one week ahead of the anniversary of the disappearance of Flight 370, which...

  • LONDON, Feb 27- Copper rebounded from losses on Friday and climbed 7 percent overall in February, the biggest monthly gain in more than two years, as investors bet on renewed demand following China's long Lunar New Year holiday. Copper slid earlier on Friday after sharp increases in inventories triggered concerns about oversupply, but bullish investors got the...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • *Shanghai copper stocks surge 32.6 pct. LONDON, Feb 27- Copper fell on Friday following sharp increases in inventories, reigniting concerns about oversupply weighing on the market and giving bearish Chinese speculators a chance to resume selling. While there was a knee-jerk reaction by traders, big increases in Shanghai stocks often occur following the Lunar...

  • By Swati Pandey and Patturaja Murugaboopathy SYDNEY/ BANGALORE, Feb 27- Australia's retailers, hit by tight-fisted consumers as wages grow at their slowest since at least the late 1990 s, face a worsening downturn in revenue that bolsters the case for another interest rate cut next week by the central bank. Australia's 16 retailers with market capitalisation...

  • LONDON, Feb 27- Copper fell on Friday following sharp increases in inventories, reigniting concerns about oversupply weighing on the market and giving bearish Chinese speculators a chance to resume selling. Copper has been recovering from 5-1/ 2 year lows touched last month, partly driven by heavy selling by Chinese hedge funds due to concern about demand in...

  • LONDON, Feb 27- European shares rose to fresh seven-year highs on Friday, extending a two-month rally fuelled by the European Central Bank's money printing programme which starts in the coming weeks. About two-thirds of the way into Europe's earnings season, 55 percent of companies have met or beaten profit forecasts. Overall, fourth-quarter earnings are...

  • BEIJING— Global stocks were lackluster Friday after Japan reported mixed economic data and investors waited for revised U.S. growth figures. KEEPING SCORE: In early trading, France's CAC-40 was little changed at 4,911.03 and Germany's DAX gained 0.05 percent to 11,332.45. Britain's FTSE 100 was steady at 6,949.04.

  • *Treasury H1 net profit A $42.6 mln vs A $106.2 mln. SYDNEY, Feb 27- Australia's Treasury Wine Estates Ltd, the world's biggest listed standalone wine firm, said it strong sales of its top-shelf labels helped it swing back to profit in the first half. Net profit for the maker of the Penfolds, Beringer and Wolf Blass brands was A $42.6 million for the six months to Dec. 31, a...

  • DIARY-Top Economic Events to March 12 Thursday, 26 Feb 2015 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of Cleveland President Loretta Mester, Federal Reserve Bank of New York President William Dudley, Federal Reserve Vice Chair Stanley Fischer, former Federal Reserve chair Ben Bernanke and Bank of Japan Deputy Governor Hiroshi Nakaso participate in the U.S. Monetary Policy Forum 2015 Annual Conference sponsored by the...

  • Feb 26- A push by three U.S. airlines to curb competition from Gulf state carriers has exposed divisions over free trade with other powerful U.S. aviation players including Boeing Co and FedEx Corp, potentially complicating the airlines' campaign for Obama administration support. Delta Air Lines Inc, United and American Airlines have asked the White House to...

  • *Bonded copper premiums up $2.50 to $90- $95- Shmet. The rest of the LME complex also had a firm undertone due to a resumption of physical buying in China following the Lunar new year holiday, combined with rising oil prices and decent economic data, analysts said. Copper has rebounded 11 percent after touching 5-1/ 2 year lows last month on worries about oversupply...

  • FOREX-Aussie up, kiwi down in becalmed FX markets Thursday, 26 Feb 2015 | 4:05 AM ET

    *New Zealand shows surprise trade surplus. LONDON, Feb 26- The Australian and New Zealand dollars were the main movers among major currencies on Thursday, pushed in opposite directions by contrasting signals on the health of two struggling economies. Federal Reserve chief Janet Yellen have done little to move on the debate over when U.S. interest rates will rise,...

  • SINGAPORE, Feb 26- Brent crude fell towards $61 per barrel on Thursday, after a sharp rally in the previous session, as bulging U.S. crude stockpiles offset indications of a recovery in demand. "The previous gains reflected the fact that the market is looking forward to more production cuts coming with declines in rig counts," said Ric Spooner, chief analyst at CMC...

  • UPDATE 1-Brent drops towards $61 as US crude stocks rise Thursday, 26 Feb 2015 | 12:55 AM ET

    SINGAPORE, Feb 26- Brent crude fell towards $61 per barrel on Thursday, after a sharp rally in the previous session, as bulging U.S. crude stockpiles offset indications of a recovery in demand. "The previous gains reflected the fact that the market is looking forward to more production cuts coming with declines in rig counts," said Ric Spooner, chief analyst at CMC...

  • MSCI's broadest index of Asia-Pacific shares outside Japan fell about 0.2 percent, as investors took profits after Yellen's testimony and a China factory survey's better-than-expected headline number lifted it to a five-month high on Wednesday. Japan's Nikkei stock average outperformed, rising about 0.9 percent to a 15- year high, helped by news that the...

  • *Australia has the technology and IP to corner the market. Engineers at Monash University and its commercial arm are making top-secret prototypes for Boeing Co, Airbus Group NV, Raytheon Co and Safran SA in a development that could be the saviour of Australia's struggling manufacturing sector. Australia has the potential to corner the market.