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Asia-Pacific News Australia & New Zealand

  • HUNTER VALLEY, Australia/ SHANGHAI, Feb 15- Wang Zhe, a wealthy Chinese businessman from Guangzhou, liked his glass of decade-old Chardonnay at an Australian winery so much he wanted more. It was the sort of offer, made over roast lamb and vegetables at a dinner in Wang's honour, that has sent Australian wine exports to China soaring by 63 percent, hitting A $848...

  • *But inflation not a worry in Asia at the moment. HONG KONG, Feb 15- Asia's relatively stable bonds and money markets seem immune to the inflation fears that convulsed global equities recently, as investors bet the continent's major economies will keep interest rates low as price pressures remain benign. Central banks in the euro zone, Britain and Canada were also...

  • HUNTER VALLEY, Australia/ SHANGHAI, Feb 15- Wang Zhe, a wealthy Chinese businessman from Guangzhou, liked his glass of decade-old Chardonnay at an Australian winery so much he wanted more. It was the sort of offer, made over roast lamb and vegetables at a dinner in Wang's honour, that has sent Australian wine exports to China soaring by 63 percent, hitting A $848...

  • SYDNEY- Appearance by Philip Lowe, RBA Governor, before the House of Representatives' Standing Committee on Economics 2230 GMT. MONDAY, FEBRUARY 19 SYDNEY- Speech by Michele Bullock, RBA Assistant Governor at Responsible Lending and Borrowing Summit, Sydney 2215 GMT. WARSAW- National Bank of Poland monetary policy council meeting.

  • CHICAGO, Feb 14- U.S. corn and soybean futures firmed on Wednesday, stabilizing near recent highs on persistent concerns about dry weather in Argentina hurting crops as they pass through key stages of development, traders said. Soymeal futures also rose as the South American forecast stoked fears that Argentina, the world's largest shipper of soymeal, will have...

  • CHICAGO, Feb 14- U.S. corn and soybean futures firmed on Wednesday, stabilizing near recent highs on persistent concerns about dry weather in Argentina hurting crops as they pass through key stages of development, traders said. At 10:34 a.m. CST, Chicago Board of Trade March soft red winter wheat futures were down 4-3/ 4 cents at $4.56 a bushel.

  • LONDON, Feb 14- Chicago wheat futures suffered a setback on Wednesday after the prior session's advance to a six-month high weighed partly by concerns that the recent run-up had hurt the competitiveness of U.S. supplies on the world market. The most active wheat contract on the Chicago Board of Trade was down 0.8 percent at $4.57 a bushel by 1219 GMT, well below a...

  • LONDON, Feb 14- The dollar slid to a 15- month low against the yen on Wednesday, while world stock markets found firmer ground ahead of U.S. inflation numbers that could soothe, or inflame, fears of faster interest-rate hikes globally. Blue-chip indexes in London, Paris and Frankfurt were up around 0.7 percent each, while higher U.S. stock futures pointed to a...

  • LONDON, Feb 14- The dollar slid to a 15- month low against the yen on Wednesday, while world stock markets found firmer ground ahead of U.S. inflation numbers that could soothe, or inflame, fears of faster interest-rate hikes globally. European stock markets opened the day higher, with blue-chip indexes in London, Paris and Frankfurt up 0.6-0.9 percent on the day.

  • *Woodside CEO says "someone in Korea has broken confidentiality". MELBOURNE, Feb 14- Australia's Woodside Petroleum on Wednesday lashed out at Korea Gas Corp over a dispute it has with the South Korean company, saying KOGAS owes it money for an expired liquefied natural gas contract from the North West Shelf Project. Chief Executive Peter Coleman of Woodside...

  • MELBOURNE, Feb 14- Woodside Petroleum, Australia's biggest independent gas and oil producer, launched a surprise A $2.5 billion share sale on Wednesday to raise funds to take control of and develop a long-stranded gas field off the country's west coast. Woodside said on Wednesday it had agreed to pay $744 million for ExxonMobil Corp's 50- percent stake in the...

  • *Woodside CEO says "someone in Korea has broken confidentiality". MELBOURNE, Feb 14- Australia's Woodside Petroleum on Wednesday lashed out at Korea Gas Corp over a dispute it has with the South Korean company, saying KOGAS owes it money for an expired liquefied natural gas contract from the North West Shelf Project. Chief Executive Peter Coleman of Woodside...

  • *Woodside CEO says "someone in Korea has broken confidentiality". MELBOURNE, Feb 14- Australia's Woodside Petroleum on Wednesday lashed out at Korea Gas Corp over a dispute it has with the South Korean company, saying KOGAS owes it money for an expired liquefied natural gas contract from the North West Shelf Project. Chief Executive Peter Coleman of Woodside...

  • MELBOURNE, Feb 14- Australia's North West Shelf Project has taken South Korea's Korea Gas Corp into arbitration over a liquefied natural gas contract, chief executive of the venture's operator said on Wednesday, arguing that KOGAS owes NWS money. "North West Shelf's view is that KOGAS owes the North West Shelf money, not the other way around," Peter Coleman told...

  • *Faltered at Christmas in Japan, trims Australia/ NZ sales outlook. SYDNEY, Feb 14- Australian fast-food chain Domino's Pizza Enterprises Ltd on Wednesday said it had made such a hash of a Christmas promotion in Japan that it had to throw away pizza dough, sending its shares sliding. Together with soggy sales growth in Australia and New Zealand, where the company...

  • *Also wants to fund projects off Australia, Senegal. MELBOURNE, Feb 14- Woodside Petroleum, Australia's biggest independent gas and oil producer, is set to raise A $2.5 billion to fund the purchase of ExxonMobil Corp's stake in the Scarborough gas field and to support projects at home and in West Africa. The move puts Woodside, seen by some as short on near-term...

  • CHICAGO, Feb 13- U.S. soybean futures rose to a 10- week high on Tuesday, lifted by a surging soymeal market as dry weather in Argentina threatened to reduce crop yields from that key South American supplier, traders said. "Argentina should have some more drought-like conditions this week," said Brian Hoops, president of Midwest Market Solutions.

  • CHICAGO, Feb 13- U.S. soybean futures rose to a 10- week high on Tuesday, lifted by a surging soymeal market as dry weather in Argentina threatened to reduce crop yields from that key South American supplier, traders said. "Argentina should have some more drought-like conditions this week," said Brian Hoops, president of Midwest Market Solutions.

  • *Many long-term contracts up for review in Asia. *Europe's experience provides arbitration precedent. SINGAPORE, Feb 13- A move by Korea Gas Corp to seek arbitration over the terms of a liquefied natural gas contract with Australian exporters could herald a shake-up of the region's LNG market as other buyers follow suit, analysts and experts said.

  • *Many long-term contracts up for review in Asia. *Europe's experience provides arbitration precedent. SINGAPORE, Feb 13- A move by Korea Gas Corp to seek arbitration over the terms of a liquefied natural gas contract with Australian exporters could herald a shake-up of the region's LNG market as other buyers follow suit, analysts and experts said.