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Asia-Pacific News Australia & New Zealand

  • NEW YORK, Sept 18- A world stock index hit a record high on Monday and the dollar rose to a more-than seven-week peak against the yen as investors awaited clues from the U.S. Federal Reserve on the timing of further rate hikes and tensions over North Korea eased. A relatively quiet North Korea and U.S.

  • A change of leadership has made the first Labour government in ten years a real possibility.

  • *Wall Street set for new record high. *Asian shares highest in a decade; Europe also gains. With no new actions by North Korea over the weekend, investors pushed Europe's main share index to a six-week high.

  • As investors breathed a sigh of relief that the weekend passed with no new provocation by North Korea, Europe's main share index opened at a six-week high. MSCI's broadest index of Asia-Pacific shares outside Japan had earlier risen to heights not visited since late 2007.. "The FOMC's latest verdict will be of special interest," said Daniel Lenz, an analyst at DZ...

  • As investors breathed a sigh of relief that the weekend passed with no new provocation by North Korea, Europe's main share index opened at a six-week high. MSCI's broadest index of Asia-Pacific shares outside Japan had earlier risen to heights not visited since late 2007.. "The FOMC's latest verdict will be of special interest," said Daniel Lenz, an analyst at DZ...

  • President Donald Trump's speech at the United Nations. KEEPING SCORE: Germany's DAX rose 0.6 percent to 12,592.21 and France's CAC 40 gained 0. 4 percent to 5,234.68. London's FTSE 100 added 0.3 percent to 7,238.37.

  • WELLINGTON, New Zealand— A rupture in the main pipeline carrying jet fuel to New Zealand's largest airport has disrupted the travel plans of thousands of people and is expected to cause further flight cancellations and delays into next week. New Zealand's military has stepped in to help by offering a naval tanker and truck drivers to transport fuel and by...

  • MEXICO CITY, Sept 15- Trade between the United States and Mexico would not end if the North American Free Trade Agreement was terminated, Mexico's foreign minister said on Friday, after a new U.S. plan emerged to build a five-year sunset provision into the treaty. President Donald Trump and his officials, Mexico, Canada and the United States have set an ambitious...

  • *CBA's insurance units valued at about $4 billion. *Zurich Insurance eyeing ANZ's insurance unit valued at $3 bln. HONG KONG, Sept 15- Hong Kong- based insurance giant AIA Group Ltd has shown interest in buying Commonwealth Bank of Australia's insurance business, which is likely to be valued at about $4 billion, people with knowledge of the matter said.

  • LONDON, Sept 15- Copper prices steadied on Friday, helped by a weaker dollar, but were set for their biggest weekly fall since March as investors took profits from a speculative rally to three-year highs. While ABN AMRO analyst Casper Burgering said that some investors were taking profit, he added that supply deficits and solid demand for metals in top consumer...

  • 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...