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Business New Zealand

  • MELBOURNE, Oct 9- Australian shares eked out a 0.1 percent gain early on Tuesday, with support from higher iron ore prices countered by concerns about the global growth outlook after the IMF cut its economic forecasts for the second time since April.

  • CANBERRA, Oct 9- Australian shares are likely to lack strong direction early on Tuesday, with support from higher iron ore prices and an improvement in China's services sector countered by losses in copper prices and concerns about the global growth outlook.

  • WELLINGTON/ SYDNEY, Oct 9- The Australian and New Zealand dollars pared some of their recent losses on Tuesday as investors took profits on short positions built against the euro and sterling, though the mood was still defensive overall. *Aussie around $1.0191, after short covering lifted it to an overnight high of $1.0220 from $1.0165 in late trade on Monday.

  • WELLINGTON, Oct 9- Following are some of the lead stories from New Zealand metropolitan newspapers on Tuesday. Christ Church Cathedral shortfall $50 m: About half of Christ Church Cathedral's $40 million insurance payout will be spent before the rebuild begins, court documents show.

  • New Zealand's capital is preparing for the world premiere of the opening film in "The Hobbit" trilogy by showcasing an artisan festival selling all manner of small-folk paraphernalia, laying a red carpet that will extend 500 yards through central Wellington and even renaming the city itself after the trilogy's fictional setting of Middle-earth.

  • PARIS-- Europe's stock markets fell Monday on concern about the global economy ahead of a two-day meeting of its finance ministers and a cut in the World Bank's growth forecasts for Asia. Investors continue to worry over protests in Spain and IMF concerns over Greece.

  • BANGKOK-- World stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. "That worried investors that we might have hit the top of the recent rally and we might see some correction in the short term," said Jackson Wong, vice president of Tanrich Securities in Hong Kong.

  • SYDNEY, Oct 8- Australian shares fell 0.3 percent, ending seven straight sessions of gains, dragged down by resource sectors as investors worried that the coming U.S. earnings season will feature weaker results.

  • SYDNEY, Oct 8- Australian shares fell 0.3 percent on Monday, ending seven straight sessions of gains, dragged down by commodities and mining sectors as investors' attention turned to the coming U.S. earnings season amid concerns of weaker results. 3.2 percent, while Woodside Petroleum. New Zealand's benchmark NZX 50 index.

  • WELLINGTON/ SYDNEY, Oct 8- The Australian and New Zealand dollars traded with a heavy tone near multi-week lows on Monday and looked vulnerable amid persistent concerns about the outlook for the global economy despite better-than-expected U.S. jobs data last week.

  • BANGKOK-- Asian stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. Benchmarks in Singapore, Taiwan and mainland China also fell. Andrew Sullivan, principal sales trader at Piper Jaffray in Hong Kong, said protests in Spain and IMF concerns over Greece continue to worry investors.

  • WELLINGTON/ SYDNEY, Oct 8- The Australian and New Zealand dollars held near multi-week lows on Monday, as investors remained cautious about the outlook for the global economy despite better-than-expected U.S. jobs numbers at the end of last week. *Kiwi crawls back to around $0.8193, having hit a one-month low of $0.8151 early, from New York's close of $0.8185.

  • SYDNEY, Oct 8- Australian shares slipped 0.1 percent in early trade on Monday, with mining stocks losing ground while banks gained, and traders were looking for new momentum drivers as the market consolidated last week's rise to 14- month highs.

  • SYDNEY, Oct 8- Australian shares slipped 0.1 percent in early trade on Monday, in line with a dip on Wall Street where a surprise drop in the U.S. unemployment rate was overshadowed by investor concern about the coming earnings season.

  • MELBOURNE, Oct 8- Australian shares are expected to open roughly unchanged on Monday, buoyed by a surprise drop in the U.S. unemployment rate, with the market set to consolidate gains that took the benchmark index to a 14- month high last week.

  • WELLINGTON/ SYDNEY, Oct 8- The Australian and New Zealand dollars started weaker early on Monday, with caution in Wall Street offsetting encouraging U.S. payroll data while markets still await Spain's request for aid. *Aussie at around $1.0156 from NY's close of $1.0177, having dipped to $1.0150, the lowest since July 13.

  • CLGL is refinancing its existing capital structure in conjunction with acquisition by private-equity sponsor CVC Capital Partners.

  • NEW YORK, Oct 5- Currency speculators pared bets against the U.S. dollar in the latest week, retreating from its highest level in more than a year, according to data from the Commodity Futures Trading Commission released on Friday.

  • BANGKOK-- Better-than-expected U.S. economic data helped boost stock markets Friday ahead of a monthly report on employment in the world's top economy. Government figures showing the number of Americans seeking unemployment benefits for the first time rose to 367,000 last week.

  • CANBERRA, Oct 5- Australia did not infringe tobacco companies' intellectual property rights by forcing them to sell cigarettes in plain packets, Australia's highest court said on Friday, killing off any domestic challenge to the plain-packet ruling. Tobacco giants British American Tobacco, Britain's Imperial Tobacco, Philip Morris and Japan Tobacco.