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  • WELLINGTON, New Zealand— Australia's warmer climate and higher wages have long lured droves of New Zealanders across the Tasman Sea with the aim of making a better life in the "lucky country." But with Australia's economy stumbling and New Zealand's improving, the trend has begun to reverse. New Zealand figures released Thursday showed that in April, for the first...

  • New Zealand fails to deliver promised budget surplus Thursday, 21 May 2015 | 12:18 AM ET

    WELLINGTON, New Zealand— New Zealand's government on Thursday blamed low inflation for its failure to deliver a promised budget surplus this year but said it remains on target to get its books into the black next year. But when Finance Minister Bill English delivered his annual budget Thursday, the planned surplus had evaporated into a projected deficit of 684...

  • New Zealand fails to deliver promised budget surplus Wednesday, 20 May 2015 | 10:19 PM ET

    WELLINGTON, New Zealand— New Zealand's government on Thursday blamed low inflation for its failure to deliver a promised budget surplus this year but said it remains on target to get its books into the black next year. New Zealand hoped to become one of the first developed nations to return to a surplus following the 2008 global financial crisis.

  • 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...

  • KLX misses 1Q profit forecasts Wednesday, 20 May 2015 | 5:03 AM ET

    WELLINGTON, Fla. _ KLX Inc. on Wednesday reported fiscal first-quarter earnings of $17.9 million. The Wellington, Florida- based company said it had net income of 34 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

  • *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...

  • *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.

  • Emirates returns as Team New Zealand's top sponsor Tuesday, 12 May 2015 | 12:18 AM ET

    SAN DIEGO— Emirates airline has announced it is continuing as sponsor of Team New Zealand, a significant boost for the embattled America's Cup syndicate. Says Emirates Team New Zealand boss Grant Dalton: "It's a brick in the wall, but a significant one." Emirates Team New Zealand collapsed in the 2013 America's Cup, losing eight straight races at match point to...

  • 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...

  • DIARY- Top Economic Events to April 24 Tuesday, 14 Apr 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1800 GMT. WASHINGTON- Levy Economics Institute of Bard College holds 24th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies in Washington. WASHINGTON- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary...

  • DIARY- Top Economic Events to April 23 Monday, 13 Apr 2015 | 8:01 PM ET

    STOCKHOLM- Sweden's Riksbank Deputy Governor Cecilia Skingsley will participate in a seminar on pay formation that promotes the competitiveness of the manufacturing industry- 1135 GMT. WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1800 GMT. WASHINGTON- Levy Economics Institute of Bard College holds 24th Annual Hyman P. Minsky...

  • Fracking link? Cancer gas found in 300K homes Thursday, 9 Apr 2015 | 7:33 AM ET
    Fracking equipment at an Anadarko Petroleum site near Brighton in northern Colorado.

    Levels of radon have been rising measurably in Pennsylvania since the controversial practice of fracking started there, researchers reported.

  • SINGAPORE/ SYDNEY, March 27- As investigators probe why a young German pilot deliberately crashed an Airbus A320 passenger jet into the French Alps on Tuesday, pilots and psychologists warn there is no foolproof way to prevent similar incidents in the future. Asian airlines including Cathay Pacific, Japan Airlines, Qantas Airways and Singapore Airlines said...

  • Fonterra shares plunge after dividend cut   Tuesday, 24 Mar 2015 | 11:46 PM ET
    Fonterra shares plunge after dividend cut

    Matt Joss, research analyst at The Motley Fool, attributes the sharp fall in Fonterra's stock to disappointment over the unexpected cut in dividend forecast.

  • New Zealand, South Korea inks trade pact   Monday, 23 Mar 2015 | 6:36 PM ET
    New Zealand, South Korea inks trade pact

    Tim Groser, Minister of Trade, New Zealand, discusses the free trade deal the country sealed with South Korea on Monday.

  • Guess who's not invited to Pacific free trade pact Friday, 20 Mar 2015 | 9:41 AM ET
    The China Shipping Container Lines CSCL Brisbane container ship departs Terminal 3 of Port Botany in Sydney, Feb. 6, 2015.

    After nearly a decade, talks on the Trans-Pacific Partnership are nearing completion, according to people involved in the negotiations.