Chris Green, Director, Economics and Strategy at First NZ Capital tells CNBC's Cash Flow the best ways to play the New Zealand market.» Read More
WELLINGTON, Nov 8- Tourists from China have been flooding into New Zealand and now a Shanghai- based property developer has bought an upmarket resort and plans a major upgrade to attract wealthy Chinese travellers to the South Pacific country. China is the second-biggest source of visitors to New Zealand.
WELLINGTON, Nov 1- New Zealand's Fonterra has bought a 6 percent stake in Australia's Bega Cheese Ltd, saying it wants to be involved in the industry consolidation sparked by a bidding war for Warrnambool Cheese and Butter Factory Company Holdings Ltd.
SYDNEY, Oct 30- At the Ingleburn Gardens Estate on the outskirts of Sydney, an upmarket housing development complete with pool, concierge, onsite shop and children's playground, the landscaped grounds are marred by large tracts of undeveloped land. The natural environment, such as the national parks surrounding Sydney, is also a barrier.
*Lion, Bega, Murray Goulburn can block Saputo- analyst. SYDNEY, Oct 29- Kirin Holdings Co Ltd bought a 10 percent stake in Warrnambool Cheese and Butter Factory Company Holdings Ltd on Tuesday, in a move that could block a takeover of the Australian dairy company by Canada's Saputo Inc..
*Anadarko to drill 2 deepwater wells in New Zealand. WELLINGTON, Oct 25- New Zealand is hoping the first deepwater wells to be drilled in the country in nearly 15 years will reignite interest in its offshore oil and gas basins, mostly ignored since some early discoveries in the 1970 s.
SINGAPORE/ WELLINGTON, Oct 14- The dollar fell on Monday while the yen rose on safe-haven demand due to concerns the United States may default on its debts as lawmakers negotiate a deal to raise its borrowing facility ahead of a deadline this week.
SINGAPORE/ WELLINGTON, Oct 14- The dollar fell on Monday while the yen rose on safe-haven demand due to concerns the United States may default on its debts as lawmakers negotiate a deal to raise its borrowing facility ahead of a deadline this week. The dollar was last down 0.3 percent at 98.31 yen, having touched a low of about 98.05 yen earlier in the day.
WELLINGTON, Oct 14- The dollar fell on Monday while the yen rallied across the board, boosted by safe-haven demand due to concerns the United States may default on its debts as lawmakers negotiate a deal to raise its borrowing facility ahead of a deadline this week.
The Reserve Bank of New Zealand had been flagging for the past year its concern about the risks of an overheated housing market, particularly in the biggest city Auckland, and the risk that posed to the country's financial system if there should be sharp downturn.
*Gain driven by China spending, dip in commodity prices. BRUSSELS, Sept 18- Agricultural subsidies as a share of farm income bounced back in 2012 from a record low the previous year, thanks to a dip in commodity prices and increased farm spending by China and others, the OECD said on Wednesday.
SYDNEY, Sept 18- The U.S. dollar held near a four-week trough against a basket of major currencies in early Asian trade on Wednesday as investors bet that any move by the U.S. The Fed's highly anticipated rate review ends later in the day and markets expect the central bank will probably announce a small reduction to its $85 billion monthly bond-buying programme.
Bill English, Deputy Prime Minister & Finance Minister of New Zealand discusses the nation's current account deficit and explains why he's not worried about the Fonterra dairy scare.
That's because the person speaking is not in Manila or Bangalore, but Auckland, New Zealand, where call centres have been steadily gaining clients from neighbouring Australia.
HONG KONG, Sept 17- Asian shares eased and the dollar firmed on Tuesday as investors, who welcomed Lawrence Summers ending his bid to lead the U.S. European markets were seen taking a breather following Asia's lead, with futures for the Euro STOXX 50, Germany's DAX and France's down 0.1 to 0.3 percent.
*South Korea, China lead regional declines. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent, with Japan's Nikkei stock average rose 0.1 percent as Japanese markets caught up after a public holiday on Monday.
Sept 16- Activist hedge fund Starboard Value LP said network equipment maker Emulex Corp was "extremely undervalued" and called for reconstituting the board to include shareholder advocates.
LONDON, Sept 16- The U.S. dollar slipped to a near four-week low against a basket of currencies as prospects of the Federal Reserve keeping policy loose for longer increased after Lawrence Summers withdrew from the race for the next Fed chief.
SINGAPORE/ SYDNEY, Sept 16- The U.S. dollar fell to a near four-week low against a basket of major currencies on Monday as investors bet the Federal Reserve will keep monetary policy loose for longer after Lawrence Summers pulled out from the race to be the next Fed chief.
SYDNEY, Sept 16- The U.S. dollar fell to a near four-week low against a basket of major currencies on Monday as investors bet the Federal Reserve will keep monetary policy loose for longer after Lawrence Summers pulled out from the race to be the next Fed chief.
WELLINGTON, Sept 16- The U.S. dollar stumbled broadly on Monday after Lawrence Summers withdrew from consideration to become the next chairman of the U.S. "It had been perceived that if Summers had come into the Fed, he'd have been more likely to remove U.S. policy accommodation quicker," said Sam Tuck, currency strategist at ANZ in Auckland.