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Australasia

  • LONDON, Sept 1- Copper prices slipped on Monday, pressured by weak factory data from China that raised concerns about the outlook for demand from the world's top metals consumer. Volumes were expected to remain subdued as markets in the United States were shut for the Labor Day holiday.

  • TOKYO, Sept 1- Japan and Australia are leaning towards a multibillion-dollar sale by Tokyo of a fleet of stealth submarines to Canberra's military in a move that could rile an increasingly assertive China, people familiar with the talks said.

  • Asia stocks rise on S&P high, China stimulus hopes Sunday, 31 Aug 2014 | 11:55 PM ET

    KEEPING SCORE: China's Shanghai Composite Index rose 0.5 percent to 2,229.97 and Tokyo's Nikkei 225 added 0.2 percent to 15,460.50. CHINA FACTORIES: Two surveys showed China's manufacturing growth slowed in August as export demand and investment weakened, raising expectations Beijing might launch more stimulus.

  • Qantas stays loyal to its frequent flyer "cash cow" Sunday, 31 Aug 2014 | 5:00 PM ET

    SYDNEY, Sept 1- Australia's flagship airline, Qantas Airways Ltd, is making a mint helping other companies keep their customers- even as it struggles to retain the loyalty of its own. Rival carrier Virgin Australia Holdings announced on Friday it was offloading a stake in its loyalty plan.

  • DIARY - Top economic Events to Sept 10 Friday, 29 Aug 2014 | 8:01 PM ET

    LJUBLJANA- Bled Strategic Forum 2014 in Slovenia.

  • SYDNEY/ LONDON, Aug 29- Copper edged higher on Friday as the euro strengthened, but prices were still on track for their biggest monthly loss since March on worries that rising tensions in Ukraine could set back global growth and hit metals demand.

  • *OPEC output rises in Aug from July- survey. *Russian troops enter Ukraine, tensions flare. SINGAPORE, Aug 29- Brent crude held above $102 a barrel on Friday, but prices were heading for a second monthly loss as ample supply and softening demand in Europe and China outweighed geopolitical concerns.

  • Brent holds above $102, but heads for 2nd monthly loss Thursday, 28 Aug 2014 | 10:47 PM ET

    *Russian troops enter Ukraine, tensions flare. *OPEC output rises in Aug from July- survey. SINGAPORE, Aug 29- Brent crude held above $102 a barrel on Friday, but prices were heading for a second monthly loss as ample supply and softening demand in Europe and China outweighed geopolitical concerns.

  • UPDATE 1-Google tests airborne drones to deliver goods Thursday, 28 Aug 2014 | 8:45 PM ET

    SAN FRANCISCO, Aug 28- Google Inc is developing airborne drones capable of flying on their own and delivering anything from candy to medicine, the Internet company said on Thursday.

  • Virgin Australia airline posts $333 million loss Thursday, 28 Aug 2014 | 8:34 PM ET

    SYDNEY— Australia's second largest airline, Virgin Australia Holdings Ltd., said on Friday it lost 356 million Australian dollars in its last fiscal year, a three-fold increase over the previous year.

  • KUALA LUMPUR, Aug 28- Malaysia Airlines has warned of poor second-half earnings as passenger bookings continue to fall in response to the loss of two aircraft in separate disasters this year.

  • LONDON, Aug 28- The euro rose further off a one-year low against the dollar on Thursday as feverish speculation of an imminent round of quantitative easing by the European Central Bank cooled. The common currency rose 0.1 percent to $1.3213, up from Wednesday's low of $1.3151 on trading platform EBS- the euro's weakest since early September 2013.

  • SYDNEY, Aug 28- The state of Western Australia on Thursday said it planned to sell government-owned assets, including part of the Port Hedland shipping terminal, for an estimated A $1 billion to A $2 billion as its resource-heavy economy adjusts to the collapse of a decade-long mining boom.

  • In line with Asia's subdued performance, spreadbetters expected a slightly lower start for European shares, forecasting Britain's FTSE to open as much as 0.1 percent lower, Germany's DAX down 0.15 percent and France's CAX 0.1 percent lower.

  • Japan stocks lead Asian declines after weak data Thursday, 28 Aug 2014 | 12:24 AM ET

    TOKYO— Asian stock markets were mostly higher Thursday but gains were muted ahead of U.S. economic data and possible policy announcements from Japan. Hong Kong's Hang Seng added 0.2 percent to 24,965.42. and South Korea's Kospi rose 0.3 percent to 2,080.43 Sydney's S&P/ASX 200 fell 0.5 percent to 5,626.30.

  • Glencore in talks to mine huge Australian bauxite deposit Thursday, 28 Aug 2014 | 12:18 AM ET

    SYDNEY, Aug 28- Glencore will hold talks with the government of the Australian state of Queensland over developing vast bauxite reserves that have remained untapped for decades despite a series of attempts by mining companies to get a project off the ground.

  • SYDNEY, Aug 28- Qantas Airways Ltd is looking past a record annual loss and predicting blue skies ahead, as a landmark change in Australian laws opens the door to significant foreign investment in the airline's international arm- its biggest headache.

  • Qantas Airways posts $2.6 billion loss for year Wednesday, 27 Aug 2014 | 8:12 PM ET

    SYDNEY— Qantas Airways Ltd. on Thursday posted a record 2.8 billion Australian dollar loss, reflecting a profit-draining battle with its smaller rival Virgin Australia and aircraft write downs. Shares of Qantas were up 7 percent in Sydney on the airline's confirmation it would separate its domestic and troubled international businesses.

  • DIARY -Top Economic Events to Sep 10 Wednesday, 27 Aug 2014 | 8:01 PM ET

    LUGANO, Switzerland- Swiss National Bank Vice President Jean-Pierre Danthine speaks at the UBS Session: The Role of Finance in Society- 1130 GMT. LJUBLJANA- Bled Strategic Forum 2014 in Slovenia.

  • NEW YORK, Aug 27- The euro rebounded from a 13- month low on Wednesday after a report suggested the European Central Bank might not introduce more stimulus next week while major U.S. stock indexes were little changed, with the S&P 500 clinging near the 2,000 milestone.