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Asia-Pacific News Australia & New Zealand

  • *But cuts copper output guidance due to delays at Chile mine. Oct 17- Global miner Rio Tinto on Tuesday said it had lifted its third quarter iron ore shipments by 6 percent after modernizing its haulage railway in Australia's outback, but cut its production target for copper due to delays at a major mine in Chile. "The business performed very well in the September...

  • *Woodside delays further drilling in Myanmar gas fields- sources. YANGON, Oct 16- Australia's Woodside Petroleum and its partners have deferred gas exploration plans in Myanmar until 2018 after some disappointing drilling results, according to four people familiar with the situation. Woodside and its partner, French oil and gas major Total, have targeted...

  • SYDNEY- Panel participation by Luci Ellis, Assistant Governor of the Reserve Bank of Australia, at the 9th Annual Australian& New Zealand Investment Conference 0030 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of October monetary policy meeting- 0030 GMT. SYDNEY- Reserve Bank of Australia Assistant Governor Michele Bullock will give speech...

  • LONDON, Oct 16- Copper prices broke through the $7,000 a tonne mark for the first time in three years on Monday as a number of pieces of economic data, including from top consumer China, fuelled optimism about demand. Copper jumped 2.9 percent to $7,082 per tonne in official London Metal Exchange trading rings, after touching an August 2014 high of $7,111.50 a tonne.

  • LONDON, Oct 16- Copper prices broke through the $7,000 a tonne mark for the first time in three years on Monday as a number of pieces of economic data, including from top consumer China, fuelled optimism about demand. London Metal Exchange copper jumped 2.9 percent to $7,079.50 by 1007 GMT, after touching an August 2014 high of $7,111.50 a tonne.

  • *Woodside delays further drilling in Myanmar gas fields- sources. YANGON, Oct 16- Australia's Woodside Petroleum and its partners have deferred gas exploration plans in Myanmar until 2018 after some disappointing drilling results, according to four people familiar with the situation. Woodside and its partner, French oil and gas major Total, have targeted...

  • *Woodside delays further drilling in Myanmar gas fields- sources. YANGON, Oct 16- Australia's Woodside Petroleum and its partners have deferred gas exploration plans in Myanmar until 2018 after some disappointing drilling results, according to four people familiar with the situation. Woodside and its partner, French oil and gas major Total, have targeted...

  • *MSCI Asia ex- Japan index hits 10- year high, Nikkei at 21- yr high. SYDNEY, Oct 16- Asian shares rallied to a decade high on Monday as upbeat Chinese data boosted commodity prices, while the euro extended losses after the Catalan leader failed to give a clear answer to whether or not he declared independence from Spain. MSCI's broadest index of Asia-Pacific shares...

  • *Iraqi forces move towards oil fields held by Kurds in Kirkuk. *China in focus ahead of Communist Party congress, key data. MSCI's broadest index of Asia-Pacific shares outside Japan gained for a fifth day running to its highest level since late 2007..

  • CANBERRA, Australia— Passengers on an Indonesia AirAsia flight from Australia to the holiday island of Bali described a panicked flight crew announcing an emergency and oxygen masks dropping from the ceiling after their airliner lost cabin air pressure and rapidly descended. Flight QZ535 returned safely on Sunday to the airport at Perth city where many of...

  • TUESDAY, OCTOBER 17 WARSAW- National Bank of Poland holds Monetary Policy Council Meeting. SYDNEY- Panel participation by Luci Ellis, Assistant Governor of the Reserve Bank of Australia, at the 9th Annual Australian& New Zealand Investment Conference 0030 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of October monetary policy meeting- 0030...

  • *String of scandals dents Japan's reputation for quality. TOKYO, Oct 13- Under the once-vaunted "keiretsu" system of close, trust-based ties between manufacturers and suppliers, "Made-in- Japan" became a byword for industrial quality and reliability. Kobe Steel is just the latest in a string of corporate scandals involving data tampering and other methods of...

  • *Taiwan to play more active, prominent role in region- President. TAIPEI, Oct 13- Taiwan is seeking to boost its regional soft power by throwing its weight behind dozens of companies investing around Asia and by promoting areas such as education and tourism as it looks to reduce its economic reliance on China. "Taiwan must play an even more active and prominent role...

  • TUESDAY, OCTOBER 17 WARSAW- National Bank of Poland holds Monetary Policy Council Meeting. SYDNEY- Panel participation by Luci Ellis, Assistant Governor of the Reserve Bank of Australia, at the 9th Annual Australian& New Zealand Investment Conference 0030 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of October monetary policy meeting- 0030...

  • LONDON, Oct 12- Copper prices hit their highest in more than a month on Thursday as optimism over the demand outlook from major consumer China fuelled buying. Premiums for copper held in China's bonded zones have climbed by $9 this week to $74, the highest in more than two months.. Many metals market participants are awaiting the outcome of China's Communist Party...

  • LONDON, Oct 12- Copper hit its highest in more than a month on Thursday as a softer tone to the dollar pushed most metals prices higher, and on optimism over the demand outlook from major consumer China. "And some optimism about demand... chiefly in China." Prices earlier hit their highest since Sept. 8 at $6,860.50, and were edging towards a three-year peak of $6,970 hit on...

  • LONDON, Oct 12- A group of investors including buyout firm Apollo and pension fund Canada Pension Plan is bidding for coal assets put up for sale by mining giant Rio Tinto, which could fetch $2 billion, sources familiar with the matter told Reuters. They added that Anglo American had expressed an interest but the deteriorating outlook for met coal, whose...

  • BRUSSELS, Oct 12- EU lawmakers backed the start of free trade talks with Australia and New Zealand on Thursday, while warning negotiators they should be cautious about opening up EU markets to farm produce such as butter and beef. European Commission President Jean-Claude Juncker said last month that the European Union should launch and conclude free trade...

  • LONDON, Oct 12- Copper hit its highest in more than a month on Thursday as a retreat in the dollar pushed most metals prices higher, and on optimism over the demand outlook from major consumer China. "And some optimism about demand... chiefly in China." Prices earlier hit their highest since Sept. 8 at $6,850 a tonne, and were edging towards a three-year peak of $6,970...

  • HONG KONG, Oct 12- Named the richest man in China on Thursday with a net worth of $43 billion, property tycoon Xu Jiayin is likened by some media to Donald Trump, having built his fortune on a real estate business that has blossomed under a mountain of debt. Evergrande, China's second-most indebted company, has now pledged to cut its net debt ratio to around 70 percent...