Jane Turner, Senior Economist, ABS says the RBNZ could start raising interest rates as early as March 2014 as it weighs up increasing house prices and the higher NZ Dollar.» Read More
*Copper ends up 2 pct after bullish China trade data. NEW YORK, May 8- Copper prices rose but most commodities were lukewarm on Wednesday despite strong trade data from major consumer China, underscoring comments by hedge fund legend Stanley Druckenmiller that the decade-long super rally in raw materials was over.
NEW YORK, May 8- The euro leapt to a one-week high against the dollar and a more than two-week peak against the yen on Wednesday as upbeat German data eased worries about the region's largest economy and curbed expectations of a near-term interest rate cut in the euro zone.
Wednesday's data followed another upbeat German industrial orders report, helping euro sentiment overall, while falling borrowing costs in peripheral euro zone countries have also bolstered Europe's common currency of late.
LONDON, May 8- Tom Mockridge, who worked closely with Rupert Murdoch in more than 20 years at News Corp, is to take over at Virgin Media, pitting the two men against each other in a battle for British pay-TV viewers.
LONDON, May 8- The euro rose against the dollar on Wednesday after an unexpected rise in German industrial output was seen making a near-term euro zone interest rate cut less likely.
*New Zealand dollar slides as RBNZ says it has intervened. But the New Zealand dollar fell after the country's central bank said it had intervened to try to restrain the strength of the currency.
WELLINGTON, May 8- New Zealand's central bank confirmed selling its own currency for only the second time since the "kiwi" was floated in 1985, reflecting concerns that a flood of global money could undermine a budding economic recovery.
Wednesday's data followed another upbeat German industrial orders report on Tuesday, helping euro sentiment overall, while falling borrowing costs in peripheral euro zone countries have also recently lent support to Europe's common currency.
*Aussie supported by upbeat China trade data. The Aussie dollar is sensitive to economic data out of China, Australia's biggest export destination. Still, that was up from a two-month low of $1.0155 set this week after the Reserve Bank of Australia reduced the cash rate by a quarter point to a record low 2.75 percent on Tuesday, and left the door open to more easing.
SINGAPORE, May 8- London copper futures edged higher on Wednesday, while the Shanghai market was little changed in cautious trade ahead of China's April trade data, which will give evidence about growth in the world's second largest economy.
SINGAPORE, May 8- Gold fell further on Wednesday as investors turned to equities for better returns, while holdings on bullion exchange-traded funds plunged to their weakest since early 2009, reflecting investors' diminishing interest in the precious metal. *Spot gold fell $1.38 an ounce to $1,450.61 by 0115 GMT. *U.S. gold was at $1,450.00, up $1.20.
SYDNEY, May 8- Major currencies got off to a sleepy start in Asia on Wednesday following an uninspired session overnight, but the New Zealand dollar stood out after the central bank complained it was overvalued, prompting markets to briefly sell the kiwi.
LONDON, May 7- The Australian, Canadian and New Zealand dollars may be set for a decline, dragged down by a slowdown in China and a sharp fall in commodity prices. The Australian and New Zealand dollars are up 70 percent against the U.S. dollar since late 2008, driven up by near-zero rates in many developed countries.
SHANGHAI, May 6- Yum Brands Inc on Monday said its roughly 450 Little Sheep hot pot restaurants in China are not involved in a fake mutton scandal that is the latest tainted food saga to rock the country that is the fast-food chain's largest market.
*Dollar hovers near 99 yen, focus on 100 yen resistance. SINGAPORE, May 6- The dollar inched higher versus the yen on Monday, clinging to gains made late last week after better-than-expected U.S. jobs data eased concerns about the outlook for the world's largest economy.
WASHINGTON/ WELLINGTON, May 2- A trip to New Zealand will put America's chief prosecutor on the same soil as a flashy internet mogul who is fighting extradition to the United States on charges he assisted massive piracy of copyrighted movies and music.
May 1- Consumer review website Yelp Inc reported quarterly results ahead of analysts' estimates, helped by strength in its local and mobile advertising businesses, and it forecast second-quarter revenue above expectations. Yelp shares were up 10 percent in after-market trading after closing at $25.30 on the New York Stock Exchange.
BEIJING, May 1- Growth in China's manufacturing sector unexpectedly slowed in April as new export orders fell, raising fresh doubts about the strength of the economy after a disappointing first quarter.
BEIJING, May 1- Growth in China's manufacturing sector unexpectedly slowed in April, with the official purchasing managers' index falling to 50.6 from March's 11- month high of 50.9 as new export orders and input prices contracted, data showed on Wednesday.
GENEVA, April 25- The next head of the World Trade Organization will be either Mexico's Herminio Blanco or Brazil's Roberto Azevedo, guaranteeing a Latin American nation will hold the top job at the global trade body for the first time.