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Australia & New Zealand

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  • LONDON, Jan 16- The euro regained more than 3 percent of its losses against the Swiss franc on Friday but was still near an 11- year low against the dollar, as investors took the Swiss move to scrap its currency cap as a sign the ECB would begin quantitative easing. Dealers speculated the Swiss had moved because they knew the European Central Bank would take the...

  • *China bonded premiums climb $5 to $85- Shmet. LONDON, Jan 15- Copper rose on Thursday on a mix of bargain-hunting, short covering and hedging by consumers, a day after its biggest slide in more than three years, but more losses were expected. Some traders saw sellers emerging above $5,650, with buyers lurking around $5,500- 5,450.

  • TOKYO, Jan 15- Asian stocks mostly edged up on Thursday after a significant rebound in oil and copper prices brought a semblance of calm, while the dollar regained ground lost on disappointing U.S. retail sales. Spreadbetters saw the upward momentum for risk assets being retained in Europe, forecasting Britain's FTSE to open up by as much as 0.5 percent and...

  • By Lisa Twaronite and Ian Chua. TOKYO/ SYDNEY, Jan 15- The dollar edged up in Asian trade on Thursday, regaining some ground lost overnight after a surprisingly big fall in U.S. retail sales. The greenback added about 0.2 percent to 117.59 yen, after skidding as low as 116.07 yen on Wednesday, a level last seen on Dec. 16.

  • SYDNEY, Jan 15- The Corner, a new cafe in Sydney's trendy inner west, looks a lot like its peers- white frontage, rustic wooden seating, potted plants on the counter, quinoa on the menu and servers wearing hemp aprons. Owner McDonald's Corp's is saying little about the unique cafe and a series of other "learning labs" it is opening in Australia. "While we don't have plans at...

  • TOKYO, Jan 15- Asian stocks pared earlier losses and edged up on Thursday after a significant rebound in oil prices brought a semblance of calm, but global growth worries remained after weak U.S. retail sales data compounded concerns over plunging copper prices. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent.

  • SYDNEY, Jan 15- The Corner, a new cafe in Sydney's trendy inner west, looks a lot like its peers- white frontage, rustic wooden seating, potted plants on the counter, quinoa on the menu and servers wearing hemp aprons. Owner McDonald's Corp's is saying little about the unique cafe and a series of other "learning labs" it is opening in Australia. "While we don't have plans at...

  • *Copper slide adds to fears over global economic health. The mood among investors remained subdued after a fourth successive drop on Wall Street overnight, pushing MSCI's broadest index of Asia-Pacific shares outside Japan down 0.2 percent. Copper skidded to a 5-1/ 2 year low on Wednesday as the recent decline in oil prices amplified fears about the state of the...

  • LONDON, Jan 14- Copper slid to a 5-1/ 2 year low on Wednesday after a downward revision to global growth by the World Bank and big falls in oil prices amplified recent fears about the outlook for the economy and demand, triggering a wave of stop-loss selling. LME copper prices fell to their lowest since July 2009 at $5,353.25 a tonne in intraday trade, before paring...

  • China's yuan shifts into currency major league Wednesday, 14 Jan 2015 | 7:24 AM ET

    Offshore trading in the yuan, whose convertibility is still tightly controlled by Beijing, soared some 350 percent on Thomson Reuters trading platforms in 2014.. The system of controls kept in place by Beijing, including separate markets offshore and onshore, continues to limit action, but bankers in London say the currency is steadily moving to the front of...

  • LONDON, Jan 14- Copper prices slid to their lowest in 5-1/ 2 years on Wednesday, triggered by a wave of stop-loss selling following a downward revision to global growth by the World Bank and big falls in oil prices. LME copper prices had fallen to their lowest since July 2009 at $5,353.25 a tonne in intraday trade. "The market was very worried about slowing growth...

  • LONDON, Jan 14- The euro fell below its 1999 launch rate against the dollar for the first time in over nine years on Wednesday after an adviser to Europe's highest court said an ECB bond-buying programme was legal under certain conditions. The advocate general of the European Court of Justice, Pedro Cruz Villalon, advised judges to approve the European Central...

  • *World Bank lowers global growth forecasts for 2015, 2016. LONDON, Jan 14- Oil prices fell 1 percent on Wednesday after the World Bank cut its economic growth forecast, helping extend a rout that saw prices touch a nearly six-year low the previous session. "The global economy is running on a single engine... the American one," World Bank chief economist Kaushik Basu said.

  • WELLINGTON, New Zealand— Director James Cameron said Wednesday that writing three "Avatar" sequels is such a complex job he's delaying the first new film a year and it will now be released in late 2017.. Cameron plans to film the highly-anticipated sequels at one time and then release the three films over consecutive years. "There's a layer of complexity in getting...

  • Copper rout echoes oil; traders brace for more selling Wednesday, 14 Jan 2015 | 2:51 AM ET

    MELBOURNE, Jan 14- Copper prices extended their plunge on Wednesday to trade at the lowest in more than half a decade, as a rout that has punished other commodities such as oil took a firmer grip on the metal and traders braced for more losses. "Europe has been pretty sluggish, China's still got that property overhang, Japan's entered recession.

  • PRECIOUS-Gold steadies below 12-week high as dollar slips Wednesday, 14 Jan 2015 | 2:47 AM ET

    SINGAPORE, Jan 14- Gold steadied below a 12- week high on Wednesday as weakness in the dollar supported the safe-haven metal, after earlier losses spurred by a rout in other commodities such as oil and copper. Spot gold was little changed at $1,231.11 an ounce by 0733 GMT, below a 12- week high of $1,243.60 reached on Tuesday. On Tuesday the World Bank lowered its...

  • *Milk formula maker Yashili issues profit warning. HONG KONG/ SHANGHAI, Jan 14- Chinese milk powder maker Yashili International Holdings Ltd said on Wednesday it expects its 2014 net profit to fall about 40 percent, hit by slowing demand for baby formula and higher marketing and compliance costs. The profit warning by Yashili, owned by China Mengniu Dairy Co Ltd...

  • *Milk formula maker Yashili issues profit warning. HONG KONG/ SHANGHAI, Jan 14- Chinese milk powder maker Yashili International Holdings Ltd said on Wednesday it expects its 2014 net profit to fall about 40 percent, hit by slowing demand for baby formula and higher marketing and compliance costs. The profit warning by Yashili, owned by China Mengniu Dairy Co Ltd...

  • UPDATE 1-Oil prices extend slide in commodities sell-off Wednesday, 14 Jan 2015 | 12:50 AM ET

    *World Bank lowers global growth forecasts for 2015, 2016. Commodities came under pressure after the World Bank cut its forecasts for global growth, reinforcing worries of a gloomy economic outlook at a time when oil markets are plagued by oversupply. February Brent crude had dropped 49 cents to $46.10 a barrel by 0509 GMT and West Texas Intermediate crude for...

  • NEW YORK— Now that it has moved from laid-back Portland, Oregon, to amped-up New York, the company that runs bike-sharing programs in New York, Chicago and other major cities is changing its name from Alta Bicycle Share to Motivate. Citigroup has naming rights to New York's Citi Bike through 2024, while Chicago's system is called Divvy, Seattle's is Pronto Cycle...