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Asia-Pacific News Australia & New Zealand

  • SYDNEY, Sept 15- London copper firmed early on Friday, rebounding from overnight losses, as investment funds followed a flight into risk-averse investments like metals after North Korea ratcheted up geopolitical tensions with the firing of a missile over Japan. *NORTH KOREA: North Korea fired a missile on Friday that flew over Japan's northern island of...

  • SYDNEY, Sept 15- London copper firmed early on Friday, rebounding from overnight losses, as investment funds followed a flight into risk-averse investments like metals after North Korea ratcheted up geopolitical tensions with the firing of a missile over Japan. *Copper has surged 28 percent from its May low to its 2017 peak of $6,970, hit on Sept. 5, on expectations...

  • VANCOUVER, Sept 14- Canadian miner Eldorado Gold Corp's threat this week to freeze investments in Greece after years of frustrating and costly permit delays highlighted the risks the industry faces when it strays away from mining-friendly countries. From Indonesia and Tanzania to South Africa and Zambia, governments are demanding greater control over...

  • Chicago Board of Trade November soybeans settled up 15-1/ 2 cents at $9.76 per bushel after reaching $9.78-1/ 4, the highest level since Aug. 10. CBOT December corn ended up 2-3/ 4 cents at $3.54-1/ 4 per bushel while December wheat fell 1/ 4 cent to $4.43 a bushel. Through its daily reporting system, the USDA also said private exporters sold another 198,000 tonnes of U.S....

  • *Dry conditions in Brazil may delay soy planting. As of 12:51 p.m. CDT, Chicago Board of Trade November soybeans were up 15 cents at $9.75-1/ 2 per bushel after reaching $9.78-1/ 4, the highest since Aug. 10. CBOT December corn was up 3 cents at $3.54-1/ 2 per bushel and December wheat was up 3/ 4 cent at $4.44 a bushel.

  • MUMBAI, Sept 14- The world's top cotton buyers, all in Asia, are flocking to India to secure supplies after fierce storms in the United States, the biggest exporter of the fibre, affected the size and quality of the crop, dealers said. In the past week alone, India, the world's second-biggest cotton exporter, sealed deals to sell about a million bales to China, Taiwan,...

  • SYDNEY, Sept 14- Australia's big media players have won long-sought reforms that will allow them to boost market share by facilitating consolidation, although doubts remain on whether the changes can stem the declines at the moguls' ageing empires. Billed as a means to compete with online giants such as Netflix and Alphabet Inc's Google, the loosening of...

  • MANILA, Philippines— Asia Pacific business leaders are working on recommendations to protect migrant workers from modern day slavery and to ensure companies' supply sources are free from such unethical employment, according to Australia's ambassador for people smuggling and human trafficking. One idea might be to create a regional website that rates...

  • LAUNCESTON, Australia, Sept 14- When is rising Chinese demand for your natural resources not a good thing? In theory it should be great days for Australia's economy and resource companies, and even Australian politicians keen to take the credit for booming exports and the associated jobs. The situation has been complicated by governments in the populous states...

  • SYDNEY, Sept 14- Commonwealth Bank of Australia successfully issued $3 billion in bonds in the United States, as investors looked past unprecedented money-laundering accusations levelled against Australia's largest lender. The bank raised the funds through the three-part bond more cheaply than expected, after receiving orders of $5.9 billion, Thomson...

  • SYDNEY, Sept 13- Commonwealth Bank of Australia successfully issued $3 billion in bonds in the United States, as investors looked past unprecedented money-laundering accusations leveled against Australia's largest lender. The bank raised the funds through the three-part bond more cheaply than expected, after receiving orders of $5.9 billion, Thomson...

  • *Juncker proposes to open talks with Australia, New Zealand. STRASBOURG, Sept 13- The European Union wants to launch and conclude free trade negotiations with Australia and New Zealand in the next two years, European Commission President Jean-Claude Juncker said on Wednesday, opening up a potential race with Britain. Juncker said there was a good chance that the...

  • STRASBOURG, Sept 13- European Commission President Jean-Claude Juncker made key proposals in his annual State of the European Union address to the European Parliament on Wednesday. A vice president of the European Commission to chair the Eurogroup of euro zone finance ministers and play the role of European Finance and Economy Minister, promoting reforms...

  • STRASBOURG, Sept 13- European Commission President Jean-Claude Juncker made key proposals in his annual State of the European Union address to the European Parliament on Wednesday. A vice president of the European Commission to chair the Eurogroup of euro zone finance ministers and play the role of European Finance and Economy Minister, promoting reforms...

  • STRASBOURG, Sept 13- European Commission chief Jean-Claude Juncker urged EU governments on Wednesday to take advantage of Brexit and an economic upswing to forge a tighter union at the heart of world trade. In the EU's equivalent of a U.S. president's State of the Union address, Juncker pledged to wrap up trade talks with Mexico and Brazil and proposed limiting...

  • SYDNEY, Sept 13- Commonwealth Bank of Australia has launched a bond issue in the United States on Wednesday, in what will be a test of support for Australia's largest lender caught in a money-laundering scandal. "Recent investor discussions have been very constructive and the overall view of investors is that our credit quality remains high," CBA Group Treasurer...

  • *Spot gold looks neutral in $1,321- $1,335/ oz range- technicals SPDR gold holdings rose 0.35 pct on Tuesday. President Donald Trump urged tougher measures against North Korea. People want to take risk, "said Dominic Schnider at UBS Wealth Management in Hong Kong.

  • Also, London metals remained "overly exposed" to a stronger U.S. dollar, which was enticing holders of other currencies to sell out of positions, said a Perth- based trader. *LONDON COPPER: Three-month copper on the London Metal Exchange had slipped 0.5 percent to $6,629 a tonne by 0700 GMT, adding to a 1.2- percent loss racked up the previous session.

  • Also, London metals remained "overly exposed" to a stronger U.S. dollar, which was enticing holders of other currencies to sell out of positions, said a Perth- based trader. *LONDON COPPER: Three-month copper on the London Metal Exchange had slipped 0.5 percent to $6,629 a tonne by 0700 GMT, adding to a 1.2- percent loss racked up the previous session.

  • KEEPING SCORE: In early trading, London's FTSE 100 declined 0.5 percent to 7,361.08 points and France's CAC 40 was off just under 0.1 percent at 5,205.08. On Tuesday, the CAC 40 rose 0.6 percent and the DAX gained 0.4 percent while the FTSE 100 slipped 0.2 percent. Malaysia and Manila advanced while New Zealand and Taiwan retreated.