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  • *Australia's Fortescue calls on rivals to cap iron ore output. *Australia's competition regulator says holds "grave concerns". SYDNEY, March 25- Australia's Fortescue Metals Group called on iron ore miners to cap production in the hope of reversing a dramatic fall in prices, triggering a probe by Australia's competition regulator.

  • Australia gives conditional support to China-proposed bank Wednesday, 25 Mar 2015 | 12:37 AM ET

    Prime Minister Tony Abbott said Australia would announce its decision about joining within a few days. He said he expected skeptical countries including the United States and Japan would also join if China gave the required assurances. The Asian Infrastructure Investment Bank, or AIIB, which is expected to be established by the end of 2015, has raised...

  • SYDNEY, March 25- Australia is "well and truly" disposed to join the China-led Asian Infrastructure Investment Bank, Prime Minister Tony Abbott said on Wednesday, but wants to know how much power Bejing would hold in the institution before a formal decision. Fairfax Media citing government sources, reported the federal cabinet has approved Australia signing a "...

  • *Australia's Fortescue calls on rivals to cap iron ore output. *Australia's competition regulator says holds "grave concerns". SYDNEY, March 25- Australia's Fortescue Metals Group called on rivals to cap iron ore production in the hope of triggering a price recovery, drawing an immediate rebuke from competition authorities.

  • ADELAIDE, Australia, March 25- Australia's federal opposition said on Wednesday it wanted to invite Sweden to join Germany, France and Japan in submitting tenders for a multi-billion dollar contract to build a new submarine fleet, as part of a proposal to end political gridlock on the project. "Under this process, Australia would invite the most prominent,...

  • The Asian Infrastructure Investment Bank, or AIIB, which is expected to be established by the end of 2015, has raised concerns in Washington that it would compete with established international lenders such as the World Bank. Prime Minister Tony Abbott said he was having ongoing conservations with President Barak Obama and Japanese Prime Minister Shinzo...

  • SYDNEY, March 25- Australia will decide within weeks whether to follow the United States and Europe by imposing tariffs on solar panels imported from China, after Australia's only manufacturer accused Chinese rivals of selling below cost to steal its customers. The United States, Europe and Canada have in recent years imposed tariffs on Chinese solar panel...

  • DIARY- Top Economic Events to April 7 Tuesday, 24 Mar 2015 | 8:01 PM ET

    HELSINKI- European Central Bank policy board member and Bank of Finland Governor Erkki Liikanen will brief the press on monetary policy and global economy- 0900 GMT. LONDON- European Central Bank policymaker Peter Praet takes part in panel discussion on "Global Economic Recovery- a Tale of Many Parts" at the International Financial Services Forum- 1025 GMT.

  • *Leaders of France, Germany, Spain to visit crash area. SEYNE-LES-ALPES, France, March 25- French investigators will sift through wreckage on Wednesday for clues into why a German Airbus ploughed into an Alpine mountainside, killing all 150 people on board including 16 schoolchildren returning from an exchange trip to Spain. The A320 jet operated by Lufthansa's...

  • LONDON, March 24- Copper retreated from a 2-1/ 2 month high on concerns about Chinese demand after weak factory data in the top metals consumer and following a rise in inventories, but a weak dollar supported prices. "The general trend is up and this is supported by the weaker U.S. dollar, however, the weak China data this morning is putting the brakes on the upward...

  • CANBERRA, Australia— Australia's competition watchdog said Tuesday it was leaning toward blocking a tie up between Qantas Airways and China Eastern Airlines because it could increase fares on the popular Sydney- Shanghai route. The watchdog said in a statement that the tie-up could result in "significant public detriment" by giving Qantas and China Eastern...

  • *Coming Up: Euro zone Markit mfg PMI flash Mar at 0900 GMT. MELBOURNE, March 24- London copper hit the highest in more than two months on Tuesday, as a weaker dollar fueled chart-based buying, before giving back most of its gains after a weak reading on factory health in top consumer China. But if I was a Chinese consumer, I would be trying to stockpile as much as possible at...

  • CANBERRA, Australia— Australia's competition watchdog said Tuesday it was leaning toward blocking a tie up between Qantas Airways and China Eastern Airlines because it could increase fares on the popular Sydney- Shanghai route. The Australian Competition and Consumer Commission issued a draft decision proposing to deny authorization for Qantas and...

  • *Aussie awaits China manufacturing PMI data for cues. TOKYO, March 24- The dollar dipped against the euro and yen on Tuesday, succumbing to downward pressure from lower U.S. debt yields as investors remained jittery after last week's surprisingly dovish Federal Reserve policy statement. The Fed mentioning the dollar can be traced back to Yellen, and we are now...

  • *Copper breaks above 100- day moving average. LONDON, March 23- Lead prices climbed on Monday on concern about potential shortages after a dramatic drop in available inventories while a weaker dollar helped to support other metals, with copper rising to its highest in more than two months. I don't know if it's the biggest single percentage cancellation move on...

  • SINGAPORE— Lee Kuan Yew brought prosperity to Singapore with an authoritarian system designed to outlast him, but that legacy may be ill-suited for the 21st- century challenges facing the tropical city-state. The famously blunt-speaking autocrat stepped down as prime minister in 1990, but for decades after remained a commanding presence in Singapore...

  • EFATE, Vanuatu— The roof from what was once the home of principal Melizabeth Uhi and her staff is now folded over branches high in the trees that border her school. And she's running low on the rice she had before Cyclone Pam tore through Vanuatu a week ago, upending her life. She's helped organize a community cleanup of the Manua Centre School grounds on the main...

  • TOKYO, March 23- Two Japanese firms that until recently were the frontrunners to win a multi-billion dollar contract to build Australia's new submarines have rebuffed an invitation to attend a gathering of top Australian naval officials and politicians this week. The no-show by Mitsubishi Heavy Industries and Kawasaki Heavy Industries at an event called...

  • BEIJING, March 22- China received critical support from the International Monetary Forum and Asian Development Bank on Sunday for its goal of establishing a new Chinese-led multilateral lender, adding to a growing wave of endorsements that has worried the United States. Leaders of the IMF and ADB, speaking at a conference in Beijing, said they were in talks with...

  • DIARY- Top Economic Events to April 3 Friday, 20 Mar 2015 | 8:01 PM ET

    MONDAY, MARCH 23 BRUSSELS- European Central Bank President Mario Draghi speaks at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European Parliament- 1400 GMT. PODGORICA, Montenegro- European Central Bank policymaker Benoit Coeure speaks at an event to celebrate the conclusion of a cooperation program organized by the...