Asia-Pacific News Australia & New Zealand

  • *Australia's east-coast property prices have slid since 2017. SYDNEY, June 18- Investors in Australian mortgage bonds are demanding higher premiums to buy the riskiest tranches of new debt, as a slowing economy stokes concerns a property downturn could get worse and increase home loan defaults. That marks an important shift from a near decade-long run of...

  • LAUNCESTON, Australia, June 17- Adani Enterprises' Carmichael coal mine in Australia is assuming mythical status way out of proportion to its actual significance, even before meaningful construction starts on the controversial project. For its opponents, the mine should never be built because it is not supported by a majority of Australians and aims to send...

  • TOKYO, June 17- The dollar hovered near a two-week high early on Monday, as strong U.S. retail sales data tempered some of the fears about a sharp downturn in the world's largest economy. The dollar index versus a basket of six major currencies was little changed at 97.509 after rising to 97.583 on Friday, its highest since June 3. Expectations of an interest rate cut...

  • MELBOURNE, June 17- Indonesian seaweed farmers were set to seek more than A $200 million from Thailand's PTT Exploration and Production in a trial starting on Monday, to cover damage they say they suffered after Australia's worst oil spill. More than 30 witnesses from Indonesia, including seaweed farmers and oil spill, chemistry and environmental experts will...

  • MELBOURNE, June 14- Rare earth developers in Australia say they are edging closer to signing deals with new customers that would drive forward their projects amid mounting global supply concerns over the minerals that are crucial to high-tech industries. Most of Australia's projects, however, have been stuck as developers struggle to secure financing...

  • *AUSTRAC says it has reasonable grounds to suspect non-compliance. *Says audit follows a period of ongoing engagement with Afterpay. SYDNEY, June 13- Australia's financial crime watchdog ordered an audit of buy-now-pay-later company Afterpay Touch Group, citing suspected non-compliance with anti-money-laundering and counter-terrorism financing laws,...

  • *Trump holding up China deal, talks down Fed rates and dollar. LONDON, June 12- World share markets snapped a seven-day winning streak on Wednesday as the White House took a tough line on trade talks with China, while a barely visible rise in U.S. inflation kept up talk of an early cut in interest rates there. London's FTSE, the DAX in Frankfurt and CAC40 in Paris fell...

  • Trump holding up China deal, talks down Fed rates and dollar. LONDON, June 12- World share markets snapped a seven-day winning streak on Wednesday as the White House took a tough line on trade talks with China, while an impending reading on U.S. inflation was set to refine the odds of an early cut in interest rates there. London's FTSE, the DAX in Frankfurt and CAC40 in...

  • *Trump holding up China deal, talks down Fed rates and dollar. LONDON, June 12- World share markets snapped a seven-day winning streak on Wednesday as the White House took a tough line on trade talks with China, while an impending reading on U.S. inflation was set to refine the odds of an early cut in interest rates there. London's FTSE, the DAX in Frankfurt and CAC40...

  • *Trump holding up China deal, talks down Fed rates and dollar. SYDNEY, June 12- Asian share markets were in a defensive crouch on Wednesday as the White House took a tough line on trade talks with China, while a looming reading on U.S. inflation could scramble the odds for an early cut in interest rates there. MSCI's broadest index of Asia-Pacific shares outside Japan...

  • *Trump holding up China deal, talks down Fed rates and dollar. SYDNEY, June 12- Asian share markets took a step back on Wednesday as the White House took a tough line on trade talks with China, while a looming reading on U.S. inflation could shuffle the odds for an early cut in interest rates there. Market moves were modest, with MSCI's broadest index of Asia-Pacific...

  • *U.S.- Mexico relief, firmer China shares support Asia. TOKYO, June 11- Asian stocks gained on Tuesday, led by Chinese shares after Beijing eased financing rules to boost local government spending on public works, and bolstered by investor relief following a U.S. decision to hold off import tariffs on Mexico. The Shanghai Composite Index climbed 2% after China...

  • TOKYO, June 10- The Mexican peso jumped against the dollar on Monday after the United States and Mexico struck a migration deal late last week to avert a tariff war, providing some much-needed relief to fragile market sentiment. Over the past year, trade disputes between the United States and its trading partners, including a long-running conflict with China,...

  • TOKYO, June 10- The Mexican peso jumped against the dollar early in Asia on Monday after the United States and Mexico struck a migration deal late last week to avert a tariff war, providing much-needed relief to fragile market sentiment. Over the past year, trade disputes between the United States and its trading partners, including a long-running conflict with...

  • BRASILIA, June 7- Brazilian Vice President Hamilton Mourao on Friday told journalists that the government will not exclude Chinese telecom company Huawei Technologies Co from operating a fifth-generation mobile telecoms network in Latin America's largest economy. But Mourao, who met with Huawei Chief Executive Ren Zhengfei on a trip to China last month,...

  • *China, Hong Kong markets closed for public holiday. Those concerns blunted some of the optimism, with liquidity light during Asian trading as China and Hong Kong markets were shut for a public holiday. "Central banks are waiting for one man to act; Donald Trump," said Chris Weston, head of research at Melbourne- based broker Pepperstone, as markets fretted over the U.S....

  • LONDON, June 6- German bond yields plumbed new record lows on Thursday and U.S. treasury yields resumed their fall as renewed trade tensions doused a rally fueled by hopes for more central bank stimulus ahead of a European Central Bank meeting. Sentiment had soured on a lack of progress in talks between U.S. and Mexican officials and President Donald Trump...

  • SYDNEY, June 4- Lawyers of an Australian gardener on Tuesday said they had filed a lawsuit against Bayer AG agricultural chemicals unit Monsanto for severe harm caused by an ingredient used in its weed killer Roundup, the first such case in the country. The lawsuit follows court rulings in the United States linking Roundup's main ingredient, glyphosate, to...

  • SINGAPORE, June 4- Chicago corn futures rose on Tuesday, climbing back near last week's three-year high after the U.S. Department of Agriculture reported that planting was well behind the average pace for this time of year. The most-active corn contract on the Chicago Board of Trade was up 1.6% at $4.31 a bushel, as of 0726 GMT, having closed the previous session...

  • SINGAPORE, June 4- Industrial metals barely moved on Tuesday as investors were cautious about demand for metals amid a lack of progress in the prolonged U.S.- China trade war and weak manufacturing data from the world's top economies. Weak manufacturing data in China, the United States and the euro zone, as well as U.S. planned tariffs for goods from Mexico and an...