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  • WELLINGTON, June 29- Euro exchange rates fell in Asia early on Monday after Greece failed to strike a deal with its international lenders to secure more emergency funding at the weekend, forcing it to introduce capital controls and keep its banks shut. "Greece is not out of the euro yet, but they've only got 48 hours left." A failure by Greece to repay a 1.6 billion-euro...

  • Airbnb closes in on $1.5 bln fundraising - FT Friday, 26 Jun 2015 | 9:41 AM ET

    June 26- Online home-rental marketplace Airbnb Inc is closing on a $1.5 billion fundraising that would boost the company's valuation to $24 billion, the Financial Times reported. The financing is set to be led by U.S. private equity firm General Atlantic, Beijing- based investment management firm Hillhouse Capital and investment firm Tiger Global, the FT said...

  • Fascinating visitors to this week's show, it is in fact a simulator of a jetpack made by New Zealand- based Martin Aircraft and displayed for the first time to the public. "It consumes 1 litre of fuel per minute, the same as a helicopter, but it can land in small spaces, hover very close to things, and its servicing is cheaper," Martin Aircraft Chief Executive Peter Coker...

  • TOKYO, June 11- Asian stocks rose on Thursday, encouraged by gains on Wall Street, while the New Zealand dollar tumbled to a five-year low after the central bank cut interest rates for the first time in four years. Spreadbetters expected a flat to slightly lower open for Britain's FTSE, Germany's DAX and France's CAC. MSCI's broadest index of Asia-Pacific shares...

  • TOKYO, June 11- Asian stocks rose on Thursday, encouraged by gains on Wall Street, while the New Zealand dollar tumbled to a five-year low after the central bank cut interest rates for the first time in four years as the economy slows. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent. Tokyo's Nikkei added 1.5 percent while Australian...

  • TOKYO, June 11- Asian stocks gained early on Thursday after seeing Wall Street shares halt their selloff, while the New Zealand dollar tumbled to a five-year low after the Reserve Bank there cut its overnight cash rate. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent. In currencies, the New Zealand dollar slid to a five-year low of...

  • WELLINGTON, June 11- New Zealand's central bank cut its benchmark cash rate for the first time four years on Thursday and kept the door open to more easing as it expects demand to weaken, sending the New Zealand dollar tumbling to its lowest in almost five years. The Reserve Bank of New Zealand cut its official cash rate to 3.25 percent, its first easing since March...

  • DIARY- Top Economic Events to June 22 Tuesday, 9 Jun 2015 | 8:01 PM ET

    WASHINGTON- 2015 Organisation for Economic Co-operation and Development International Tax Conference in the United States. LONDON- Bank of England Governor Mark Carney and UK Finance Minister George Osborne speak at the Mansion House event- 1945 GMT. FRANKFURT- National Bank of Austria Governor Ewald Nowotny to speak at the 6th European Central Bank...

  • DIARY- Top Economic Events to June 19 Monday, 8 Jun 2015 | 8:01 PM ET

    LONDON- Bank of England regulator David Bailey takes part in panel discussion at FIA derivatives conference- 1030 GMT. FRANKFURT- ECB Governing Council member Jens Weidmann to give welcome remarks at Bundesbank lecture- 0800 GMT. HELSINKI- European Central Bank council member Erkki Liikanen to speak on monetary policy at a conference organized by Finland's...

  • WELLINGTON, May 29- New Zealand's central bank has announced new mortgage regulations for lenders, requiring them to hold more capital against loans to residential property investors, in an attempt to curb risky lending as house prices hit record highs. The new rules are the latest measures designed to tame risky mortgage lending as the RBNZ worries that a...

  • How to cool housing hot spots, Down-Under style Wednesday, 20 May 2015 | 5:00 PM ET

    The Reserve Bank of New Zealand is by far the boldest of the regulators, taking the radical approach of targeting only the Auckland housing market with restrictions on loan sizes and tougher capital requirements for lenders. The urgency is understandable given New Zealand's household debt is a stratospheric 160 percent of disposable income, near record...

  • *Dollar holds firm in wake of rise in U.S. bond yields. *Euro dented by persistent worries over Greece's debt. SINGAPORE/ TOKYO, May 19- The dollar held firm on Tuesday in the wake of a rise in U.S. bond yields and as the euro came under renewed pressure on persistent worries that Greece may miss debt repayments next month.

  • *Oil prices supported by fighting in Iraq, Yemen. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 percent, although Japan's Nikkei share average edged up just 0.4 percent thanks to some companies' move to boost shareholder returns. Spreadbetters expect European shares to post small gains, with Britain's FTSE and France's CAC40 seen rising...

  • TOKYO, May 18- Asian shares struggled on Monday after soft data raised more questions about the health of the U.S. economy. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed while Japan's Nikkei share average edged up just 0.1 percent, despite stronger-than-expected orders. We estimate the U.S. economy shrank 0.9 percent, "said Shuji...

  • Kiwi with laser eyes: This nation's next flag? Friday, 15 May 2015 | 10:33 AM ET
    "Fire the Lazar!" ('The laser beam projects a powerful image of New Zealand.')

    A country’s cultural identity is rooted by its national flag, but one country has opened up the design its next ensign to a public competition.

  • What all the fighting is about over Pacific trade Thursday, 14 May 2015 | 2:35 PM ET
    Sen. Elizabeth Warren, D-Mass., speaks during a United Steelworkers rally in opposition to the proposed “fast-track” bill, or trade promotion authority, in Washington, April 15, 2015.

    Although the White House won a minor victory on Wednesday, Obama's push for trade fast-track is just the beginning of the battle.

  • *RBNZ announces plans to slow rise in Auckland housing market. *Plans 30 pct deposit on Auckland housing investment loans. "We are proposing these adjustments to the LVR policy to more directly target investor activity in the Auckland region," RBNZ Governor Graeme Wheeler said in the bank's six-monthly financial stability report.

  • TOKYO, May 8- Asian shares held firm on Friday on signs global bond markets are stabilizing after a big selloff and sterling jumped about one percent after UK exit polls forecast the ruling Conservatives taking the most seats in parliament. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed while Japan's Nikkei ticked up 0.2...

  • DIARY- Top Economic Events to May 18 Tuesday, 5 May 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen and International Monetary Fund Managing Director Christine Lagarde participate in " Finance and Society" conversation before the Institute for New Economic Thinking Conference on Finance and Society hosted by the IMF- 1315 GMT. WASHINGTON- Federal Reserve Bank of Kansas City President Esther George...

  • Ex-Fed chair Bernanke joins hedge fund Citadel as advisor Thursday, 16 Apr 2015 | 10:59 AM ET

    BOSTON, April 16- Ben Bernanke, the former Federal Reserve chairman and one of the world's most closely watched economic thinkers, is joining one of the most successful hedge funds as an advisor, Citadel LLC said in a statement on Thursday. Last month former Federal Reserve Board governor Jeremy Stein joined BlueMountain as an advisor and Bernanke's...