WELLINGTON, March 11 (Reuters) – The New Zealand dollar wasfirm and in sight of a five-week high on Thursday as riskappetite improved and investors awaited a central bank reviewexpected to confirm no urgency in raising interest rates. * Kiwi <NZD=D4> opens local session around $0.7060 levelafter touching a high of $0.7098 in the offshore session, thehighest since Feb. 3, as risk appetite increases demand forhigher yield currencies.
cent
GOLD fell sharply as speculators were exiting positions in which they previously bought, with the decline accelerating on sell stops.
* Futures liquidation, profit-taking pressure market * Euro zone fiscal woes could underpin gold prices
* Yen slips amid Japan monetary easing expectations
THE world’s largest iron ore miner has proposed more than a 90 per cent increase in iron ore prices in talks with Japan’s steelmakers.
* FTSEurofirst 300 index up 0.6 pct * Banks among top gainers
* Abbott Labs to buy Facet Biotech for $27 per share * Apollo Management to buy Citi unit-report
* For related prices, Reuters Terminal users may click on – * UK stock report [.L] FTSE index: <0#.FTS6> techMARK 100 index: <.FTT1X> FTSE futures: <0#FFI:> Gilt futures: <0#FLG:> Smallcap index: <.FTSC> FTSE 250 index: <.FTMC> FTSE 350 index: <.FTLC> Market digest: <.AD.L> Top 10 by vol: <.AV.L> Top price gainers: <.NG.L> Top % gainers: <.PG.L> Top price losers: <.NL.L> Top % losers: <.PL.L> * For related news, click on – * UK hot stocks: [HOT&GB] Wall Street: [.N] Gilts report: [GB/] Euro bond report [GVD/EUR] Pan European stock report: [.EU] Tokyo stocks: [.T] HK stocks: [.HK] Sterling report: [GBP/] Dollar report: [USD/] * For company prices, click on – * Company di
TWO long-term US backers of Fortescue Metals Group have reportedly sold significant chunks of their shareholdings.
RIO Tinto chief executive Tom Albanese is to visit Beijing this month to attend a high-powered conference.
