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  • *Gold extends losses after falling 1.7 pct on Thursday. LONDON, May 1- Gold edged down towards key chart support on Friday after its biggest one-day loss in eight weeks, as disappointment at its failure to maintain a push this week above $1,200 an ounce undermined investor confidence. "Gold did try to push up to $1,215 briefly, but it really struggled to get any new...

  • SYDNEY, May 1- "Decent Indonesians" understand Australian anger over the execution of two convicted drug traffickers, Prime Minister Tony Abbott said after Jakarta's ambassador in Canberra expressed sympathy for the families of Andrew Chan and Myuran Sukumaran. Abbott recalled Australia's ambassador to Indonesia, Paul Gibson, in protest against the...

  • CANBERRA, May 1- There is no risk of Australia being stripped of its coveted triple-A credit rating, Treasurer Joe Hockey said on Friday, slapping down speculation the country might be downgraded for the first time in 26 years. Australia's net debt is forecast to rise to A $245 billion by the end of the fiscal year in June, but at 15 percent of gross domestic product it...

  • CANBERRA, May 1- A $30 million mansion overlooking Sydney's harbour that was illegally bought by a Chinese-controlled company has been sold to an Australian citizen, Australian Treasurer Joe Hockey said on Friday. The property was found to have been bought illegally for A $39 million last November by Golden Fast Foods Pty, a firm owned by Hong Kong- listed...

  • DIARY- Top Economic Events to May 14 Thursday, 30 Apr 2015 | 8:01 PM ET

    BOSTON- Federal Reserve Bank of Boston President Eric Rosengren gives welcome and opening remarks before the Economic Growth and Regulatory Paperwork Reduction Act Outreach Meeting hosted by the bank- 1300 GMT. BOSTON- Federal Reserve Board Governor Daniel Tarullo speaks at opening session before the Economic Growth and Regulatory Paperwork Reduction...

  • LONDON, April 30- Nickel hit a one-month high on Thursday after BHP Billiton declared force majeure at a plant, adding to supply concerns, though gains were capped by record London Metal Exchange inventories. Copper also touched a one-month high, leading other metals up, as the dollar fell following weak U.S. growth data and cautious comments from the Federal...

  • SYDNEY, April 30- China overtook the United States to become the largest source of foreign investment in Australia last year, driven by a surge in real estate purchases that is fuelling fears of a house price bubble. China received approvals to invest A $27.65 billion in Australia, with almost half going into real estate, according to the 2013/ 14 annual report of...

  • Tattoo snafu irks inked Apple Watch wearers Thursday, 30 Apr 2015 | 2:08 AM ET

    SYDNEY, April 30- Early adopters of the Apple Watch, Apple Inc's first new product in five years, are complaining that a number of its key functions are disrupted by their tattoos. Owners of Apple Watch- including this reporter, who bought a 42 mm version with stainless steel case and black classic buckle for A $1,029- have found that their inked skin confuses the...

  • SINGAPORE, April 30- The yen clawed higher on Thursday after the Bank of Japan held off from expanding its monetary stimulus, disappointing some market players who had been looking for further easing. The dollar extended its losses and slipped to a low of 118.54 yen after the BOJ decision, and last traded at 118.64 yen, down 0.3 percent on the day.

  • The disappointing news on the world's biggest economy, coming on top of a worrying slowdown in China, found expression in a warning by New Zealand's central bank that it could cut rates if domestic momentum weakened. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.9 percent. "Risk has been building in the markets for weeks- the mass account...

  • Australia cuts $10 bln off proposed electricity charges Wednesday, 29 Apr 2015 | 10:42 PM ET

    SYDNEY, April 30- Australia's electricity regulator on Thursday reduced by more than A $7 billion the revenue state-owned and private power distributors can charge customers in heavily-populated states and districts. The cuts will likely lower the pricetag the state of New South Wales fetches as it seeks a buyer for a 49.9 percent stake in its electricity...

  • LONDON, April 29- The euro and German bond yields rose to their highest level in weeks on Wednesday, after data showed that a measure of bank lending across the bloc stopped shrinking in March and consumer inflation expectations rose for the first time this year. The euro traded above $1.10 and the 10- year German bond yield rose as high as 0.25 percent.

  • KEEPING SCORE: France's CAC-40 fell 0.2 percent to 5,162.61 and Germany's DAX was flat at 11,810.94. Britain's FTSE 100 edged down 0.1 percent to 7,022.70. A Conference Board report on Tuesday showed that consumer confidence unexpectedly fell to its lowest in four months, knocked by a slowdown in hiring.

  • *Europe shares dip on earnings, follow Asia down. LONDON, April 29- Stocks fell in Europe on Wednesday, following Asian stocks lower, while the dollar held near two-month lows before a Federal Reserve policy statement expected to show the U.S. central bank in no hurry to raise interest rates. The euro was up 0.1 percent at $1.0994, having hit a three-week high on...

  • MELBOURNE, April 29- London copper edged lower on Wednesday ahead of a U.S. Federal Reserve meeting that may offer new clues on the timing of a rate rise, though the prospect of further economic support in top metals user China cushioned falls. Measures to shore up China's property sector should be positive, as developers fit out properties to clear inventories,...

  • DIARY- Top Economic Events to May 12 Tuesday, 28 Apr 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Division of Banking Supervision and Regulation Deputy Director Mark van der Weide testifies on insurance regulation before the House Financial Services subcommittee on housing and insurance- 1400 GMT. Treasury Under Secretary for International Affairs Nathan Sheets speaks on "What to Expect from the Next U.S.- China...

  • LONDON, April 28- Aluminium surged to a 2-1/ 2 month high on Tuesday, pushed up by speculative buying, but some analysts doubted how long the rally could last given expectations of high Chinese exports. "We've seen some pretty strong CTA buying coming in to the market, but certainly the overall fundamental picture still remains relatively soft," said Nicholas...

  • *International aid effort to Nepal intensifies. *Street vendors return in capital Kathmandu. JHARIBAR/SINDHUPALCHOWK, Nepal, April 28- People stranded in remote villages and towns across Nepal were still waiting for aid and relief to arrive on Tuesday, four days after a devastating earthquake destroyed buildings and roads and killed more than 4,300 people.

  • FOREX-Dollar slumps to 3-week low as traders await Fed Tuesday, 28 Apr 2015 | 7:45 AM ET

    LONDON, April 28- The dollar hit a three-week low on Tuesday as investors eyed a U.S. U.S. housing index data and consumer confidence numbers, due at 1300 GMT and 1400 GMT respectively, should provide the greenback with some near-term direction, analysts said, though the main focus will be on the Fed's statement at the end of its policy meeting on Wednesday.

  • LONDON, April 28- The euro hovered near a three-week peak on Tuesday, boosted by renewed hopes that cash-strapped Greece could secure extra funding and as the dollar remained weak ahead of a U.S. The euro rose late on Monday on news that Greek Prime Minister Alexis Tsipras had reshuffled his team handling talks with European and IMF lenders.