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Australia & New Zealand

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  • New Zealand raises interest rate to 3.5 percent Wednesday, 23 Jul 2014 | 5:34 PM ET

    WELLINGTON, New Zealand— New Zealand on Thursday raised its benchmark interest rate to 3.5 percent but signaled it was pausing its program of rate hikes. The announcement prompted a sharp drop in the New Zealand dollar, which was trading down nearly 1 percent at $0.8625.

  • WELLINGTON, July 24- New Zealand's central bank raised interest rates to the highest level in more than 5 years on Thursday but said it would now take a breather as it looked at the impact of its tightening and watched inflation in the economy.

  • SINGAPORE/ KUALA LUMPUR, July 23- Singapore's civil aviation authority has asked airlines based in the city-state to review their risk assessment of conflict zones following the shooting down of a Malaysia Airlines jetliner over Ukraine last week.

  • But a cautious mood was expected to return in early European trade, where spreadbetters predicted Britain's FTSE 100 to open 8 to 15 points lower, or down as much as 0.2 percent; Germany's DAX to open down 20 to 22 points, or 0.2 percent lower; and France's CAC 40 to open 5 to 6 points lower, or down 0.1 percent.

  • Violence continued in Gaza, but hopes rose for an easing of tension in Ukraine after pro-Russian rebels handed the flight recorders and victims' remains from a downed Malaysian airliner to international authorities.

  • DIARY - Top economic Events to Aug 6 Tuesday, 22 Jul 2014 | 8:01 PM ET

    Treasury Assistant Secretary for Tax Policy Mark Mazur participates in panel, "Improving Inducements for Energy Innovation" at an event hosted by the Bipartisan Policy Center, "Driving Resources into Energy Innovation" in Washington- 1530 GMT.

  • SYDNEY, July 22- London zinc rose for a second session to hit a near-three-year high on Tuesday and aluminium touched a 16- month peak as supply constraints prompted expectations of further gains.

  • HIV pills show more promise to prevent infection Tuesday, 22 Jul 2014 | 2:31 AM ET

    There is more good news about HIV treatment pills used to prevent infection in people at high risk of getting the AIDS virus: Follow-up from a landmark study that proved the drug works now shows that it does not encourage risky sex and is effective even if people skip some doses.

  • *Fighting in Ukraine, Gaza adds to oil risk premium. SINGAPORE, July 22- Brent crude edged up towards $108 a barrel on Tuesday, pushed higher by escalating geopolitical tension over Ukraine and expectations of large draws in U.S. oil stockpiles.

  • *Fighting in Ukraine, Gaza adds to oil risk premium. "There is a lot of tough talk going on at the moment and the potential is there for further sanctions on Russia, which would have an impact across energy markets," said Ben Le Brun, a market analyst at Sydney- based trader OptionsXpress.

  • DIARY - Top economic Events to Aug 5 Monday, 21 Jul 2014 | 8:01 PM ET

    LONDON- Bank of England chief economist Andy Haldane speaks at the finance policy conference on "The Costs of Short-Termism"- 1800 GMT. WELLINGTON- RBNZ Deputy Governor Grant Spencer delivers a speech on the central bank's review of prudential regulation- 0500 GMT. SYDNEY- 2nd Latin America Australia Investors Forum.

  • FOREX-Dollar holds firm as stocks slip worldwide Monday, 21 Jul 2014 | 3:12 PM ET

    *Major Wall Street stock indexes pare initial losses. NEW YORK, July 21- The U.S. dollar held steady against major currencies on Monday as investors reduced holdings of stocks and other risky assets on anxiety about escalating violence in Gaza and Ukraine.

  • New Orleans putting smoked butts in a better place Monday, 21 Jul 2014 | 2:55 PM ET

    Developers of the program say New Orleans is the first U.S. city to participate in a large-scale recycling effort launched in Canada last year. Trenton, New Jersey- based recycling company TerraCycle Inc. developed the program in 2012. The first citywide receptacles were placed in Vancouver, British Columbia, in November 2013.

  • *U.N. Security Council to vote Monday on Ukraine resolution. DONETSK, Ukraine, July 21- A train carrying the remains of most of the almost 300 victims of the Malaysia Airlines plane downed over Ukraine left the site on Monday, after the Malaysian Prime Minister reached a deal with the leader of pro-Russian separatists controlling the area.

  • DONETSK, Ukraine, July 21- A train carrying the remains of most of the almost 300 victims of the Malaysia Airlines plane downed over Ukraine left the site on Monday, after the Malaysian Prime Minister reached a deal with the leader of pro-Russian separatists controlling the area.

  • SYDNEY/ NEW DELHI, July 21- India will firm up its position regarding a landmark global trade pact shortly before a Thursday deadline, a senior official said on Monday, setting up a nail-biting showdown over a deal it says should safeguard a $12 billion anti-poverty food program.

  • LONDON, July 21- Zinc and aluminum prices hit their highest in more than a year on Monday as investors sought exposure to commodities with improved fundamentals, but copper's gains were curbed by worries over China's property sector and over a build-up of stocks.

  • FOREX-Dollar holds steady as world stock markets fall Monday, 21 Jul 2014 | 11:01 AM ET

    *Euro rebounds from five-month low vs dollar, above $1.35. NEW YORK, July 21- The U.S. dollar held steady against major currencies on Monday as investors reduced holdings of stocks and other risky assets on anxiety about escalating violence in Gaza and Ukraine.

  • LONDON, July 21- Zinc and aluminium prices hit their highest in more than a year as investors sought exposure to commodities with improved fundamentals, but gains in copper were held back by worries over China's property sector and over a build-up of stocks.

  • *Holiday in Japan saps currency markets. LONDON, July 21- The yen and Swiss franc climbed on Monday, supported by safe-haven inflows as European stocks stumbled, while the dollar was pegged back against the euro by subdued U.S. yields. Volumes were light though, due to a holiday in Japan.