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If you submit your site to yahoo.com it will not show in the European versions of Yahoo (yahoo dk, se etc..)
You need to have website in each of the languages that you wish to be listed in. It doesn't matter if you have a domain for each of them. Each language can be on the same site ;)
Express submission will do you one thing: Get in fast as opposed to waiting months.
It will not get you ranked any different either way you choose.
An english site can be listed in fx. Yahoo DK, BUT the content would have to be *very* much aimed at danes, and description would always be in danish. It's not gonna happend very often though.
Think about it. Danes that search Yahoo DK expect danish results - that's why they search a local directory.
raymng,
Yahoo NZ and AU will by default search show results from Yahoo.com, and if you submit there, your site would come up on the default serps there.
However if the searcher chooses to search Australian or NZ results only, you don't show up, hence you need to submit to these as well.