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Asia-Pacific News Australia & New Zealand

  • *Fonterra says Sept shipments to China up over 30 pct yr-on-yr. Nov 21- New Zealand dairy group Fonterra said on Tuesday that its domestic milk output rose 3 percent in October from the year before as wet weather subsided towards the end of the month. "My expectation would be that it would have an effect on prices, we've got a GDT auction overnight so I would expect...

  • SYDNEY- Reserve Bank of Australia Governor Philip Lowe will give a speech at the Australian Business Economists annual dinner in Sydney 0905 GMT. WARSAW- National Bank of Poland holds Monetary Policy Council Meeting. BUDAPEST- Hungarian Central Bank holds rate-setting meeting.

  • The fiscal control board that oversees the Boston- area transit agency has approved a 13- year, $723 million contract to develop and operate a revamped fare collection system. Officials say the contractor, Cubic Corp., has experience designing similar systems for other major transit systems. The fiscal control board that oversees the Boston- area transit...

  • *China women's underwear mkt worth $33 bln by 2020- Euromonitor. SHANGHAI, Nov 20- Victoria's Secret's glitzy annual fashion show hit the stage in China for the first time on Monday, though without several of its "Angels" and star names who had been expected to attend, including model Gigi Hadid and pop singer Katy Perry. At a 2015 concert, Perry appeared to show support...

  • LONDON, Nov 20- Copper was steady on Monday, supported by falling inventories and a monthly upturn in China's property prices, with gains capped by a firmer dollar. "Housing prices in China were a bit firmer, which is important in copper," said Capital Economics commodities analyst Caroline Bain, adding that construction accounts for about half of Chinese copper...

  • LONDON, Nov 20- Copper was steady on Monday, supported by falling inventories and a monthly upturn in China's property prices, with gains capped by a firmer dollar. "Housing prices in China were a bit firmer, which is important in copper," said Capital Economics commodities analyst Caroline Bain, adding that construction accounts for about half of Chinese copper...

  • BOSTON— The board overseeing the nation's fifth-largest transit agency has approved a $723 million overhaul of its fare collection system that will phase-out the CharlieCard and allow riders to board trains, trolleys and buses with the tap of a credit card or smartphone. The Massachusetts Bay Transportation Authority awarded a 13- year contract to San...

  • SINGAPORE, Nov 20- The euro hit a two-month low against the yen on Monday, as German Chancellor Angela Merkel's efforts to form a three-way coalition government failed, stoking political uncertainty in the euro zone's largest economy. The development leaves Germany with two unprecedented options in the post-World War Two era: Merkel forms a minority...

  • SYDNEY- Panel participation by Michele Bullock, Reserve Bank of Australia's assistant governor at the Women in Payments Symposium, Sydney 2230 GMT. SYDNEY- Reserve Bank of Australia Financial Stability Head Jonathan Kearns will give speech at the Aus-China Property Developers, Investors& Financiers event, Sydney- 0135 GMT. SYDNEY- Reserve Bank of Australia...

  • NEW YORK/ VANCOUVER, Nov 17- Vale SA has decided to postpone the sale of a stake in its New Caledonia nickel mine after the world's largest iron ore producer decided initial bids were too low, two people with knowledge of the matter said. One source said Vale was seeking an investment of $500 million to $1 billion in New Caledonia, which have been beset by technical...

  • SYDNEY, Nov 17- Nickel and copper led the base metals complex higher on Friday, supported by a softer dollar, though both metals remained on track for weekly declines. Benchmark copper on the London Metal Exchange was up 0.6 percent at $6,778 a tonne by 1130 GMT and nickel had added 1.5 percent to $11,525. ING commodities strategist Warren Patterson said the base...

  • WELLINGTON/ HONG KONG, Nov 17- New Zealand's decision to change its central bank's inflation-targeting mandate, which has served as a model for the rest of the world, partly reflects a global shift on the role of monetary policy since the 2008-09 financial crisis, according to Finance Minister Grant Robertson. To that end, the new Labour-led coalition government...

  • *Harbour Energy may bid $8 billion for Australia's Santos. MELBOURNE/ SINGAPORE, Nov 17- Takeover interest in Australia's Santos, a company that not long ago was drowning in debt, shines a spotlight on a burgeoning hotspot for oil and gas producers: Papua New Guinea. With oil and gas prices recovering this year and LNG demand especially in China skyrocketing,...

  • HONOLULU— Hawaiian Airlines said Thursday that longtime CEO Mark Dunkerley will retire in March and be replaced by the airline's chief commercial officer, Peter Ingram. Southwest Airlines, the biggest domestic carrier, plans to begin flying from the U.S. mainland to Hawaii in late 2018 or early 2019, and it is considering adding flights between islands, a...

  • NEW YORK, Nov 16- U.S. stocks rose and the dollar edged higher against a basket of major currencies on Thursday after the U.S. House of Representatives passed its version of a tax overhaul bill. "The tax plan isn't a foregone conclusion but it passed the lowest hurdle in the House," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago.

  • LONDON, Nov 16- Copper and most other base metal prices fell on Thursday on persistent worries over Chinese demand, but losses in aluminum were tempered by expectations that a crackdown on polluting industry in China will cut supply. COPPER: Benchmark copper on the London Metal Exchange closed 0.5 percent down at $6,737 a tonne after touching a one-month low of...

  • *Wall Street rises, Cisco and Wal-Mart help mood. NEW YORK, Nov 16- Investors returned to stock markets around the world on Thursday, inspired by bargain hunting and strong corporate earnings reports, while anticipation of a vote on U.S. tax policy limited the dollar's gains. After five consecutive daily losses on the MSCI index of world stocks bounced back helped...

  • *Chairman says Dubai's airlines won't merge. DUBAI, Nov 16- Emirates and flydubai have laid the groundwork for the next phase of Dubai's aviation project with orders for $40 billion of jets that will narrow a gap between regional and global networks connecting travellers from Sarajevo to Sydney. The two government-of- Dubai- owned airlines have largely pursued...

  • LONDON, Nov 16- Copper prices dipped on Thursday on persistent worries over Chinese demand, while aluminum rose on expectations that a crackdown on polluting industry in China will cut supply. COPPER: Benchmark copper on the London Metal Exchange shed 0.1 percent to $6,769 a tonne by 1550 GMT after touching a one-month low of $6,713 on Wednesday.

  • *Futures tip higher openings for Wall Street. LONDON, Nov 16- Investors tentatively returned to world stock markets looking for bargains on Thursday, after Europe's longest losing streak of the year and the worst run since March for the top global indices. Benchmark indices in Tokyo, Shanghai and Hong Kong and Seoul all rallied overnight, London, Frankfurt and...