Asian equity markets kicked off the week mostly higher on Monday following strong data from the U.S. and China.» Read More
Asian equities were mostly lower on Wednesday after Wall Street logged its fourth straight session of losses amid uncertainty surrounding U.S. budget discussions.
Balaji Swaminathan, General Manager, Asia at Westpac Bank says they are banking on the flow of people, capital and clients between Australia and the rest of Asia.
Asian equity markets moved off session lows on Wednesday but investors continued to take profits after recent robust gains and as U.S. support for action against Syria dampened sentiment.
Asian equity markets kicked off September higher after two separate readings of Chinese factory activity confirmed hopes of a recovery in the world's second-largest economy.
WELLINGTON, Aug 20- New Zealand's central bank on Tuesday moved to rein in a hot housing market to prevent a potential bubble, imposing its long-threatened limits on low deposit-high value house loans and sending the currency tumbling more than a third of a cent.
*European shares down, Wall Street indexes up slightly. NEW YORK, Aug 19- U.S. bond yields hit a two-year high on Monday and emerging market currencies from India to Indonesia tumbled as markets braced for the Federal Reserve to start withdrawing support for the U.S. economy.
*European shares down, Wall Street seen flat. LONDON, Aug 19- Rising expectations the Federal Reserve will soon scale back its stimulus drove German and U.S. bond yields to multi-month highs on Monday and dealt a blow to emerging markets, with India's rupee cartwheeling to historic lows.
LONDON, Aug 19- Rising expectations the Federal Reserve will soon scale back its stimulus drove German and U.S. bond yields to multi-month highs on Monday and dealt a blow to emerging markets, with India's rupee cartwheeling to historic lows. "What you are seeing at the moment in a way is central bankers versus the markets," said ABN Amro economist Nick Kounis.
SYDNEY, Aug 19- India's currency cartwheeled to historic lows on Monday while markets in Indonesia took a spill, evidence of how rising U.S. yields are making it harder for emerging nations to fund their current account deficits. That helped gold reach its highest in two months, while keeping share markets constrained across Asia.
China's benchmark index reversed course for a second time on Friday to close down 0.6 percent following an earlier spike of 5.6 percent that propelled the index to two-and-a-half-month highs.
BRISBANE, Aug 14- Australian coal miners have been in mourning over the rapid loss of profitability and expansion opportunities, but the industry is entering the final stage of the grieving process.
WELLINGTON, Aug 7- New Zealand co-operative Fonterra, the world's biggest dairy exporter, said on Wednesday that a contamination scare in some of its exported products was caused by human error, and all tainted stocks had now been taken out of the market.
WELLINGTON, Aug 7- New Zealand said on Wednesday its reputation as an exporter of safe dairy food remained at risk after a contamination scare, although an auction of Fonterra dairy products provided reassurance that global customers were continuing to buy its goods.
Japan's benchmark index reversed earlier losses on Tuesday to rally 1 percent as the yen weakened while the rest of Asian stocks were mixed in choppy trade.
LONDON, Aug 5- The New Zealand dollar fell to a one-year low against the U.S. dollar on Monday after New Zealand's major dairy exporter, Fonterra, said it had found bacteria in some of its products that could cause botulism.
WELLINGTON, Aug 5- The New Zealand dollar and units in dairy giant Fonterra's shareholders' fund slid on Monday after bacteria that can cause botulism was found in some dairy products, raising safety concerns about the country's top export earner.
*Sterling falls after in-line UK growth numbers. NEW YORK, July 25- The dollar fell across the board on Thursday, undercut by less upbeat U.S. economic data which contrasted with positive economic reports from the euro zone and expectations of tighter monetary policy in New Zealand.
*Sterling falls after in-line UK economy numbers. NEW YORK, July 25- The U.S. dollar fell across the board on Thursday, undercut by positive economic reports from the euro zone and expectations of tighter monetary policy in New Zealand.
Asian stocks rebounded on Tuesday from the previous day's sharp losses following a positive U.S. lead and after Chinese consumer inflation accelerated in June.
SHANGHAI, June 21- The Chinese central bank's determination to rein in rapid credit growth has sent interbank interest rates to record highs, creating panic and rumours of possible default as some banks scramble to secure short-term funds.