Bill English, Finance Minister of New Zealand, talks about Wellington's plans to raise cash to bring its economy back into surplus. He also discusses why he is unconvinced on Abenomics and denies recent claims that New Zealand is getting involved in global currency wars.» Read More
Hong Kong shares ended their best year since 2009 hovering near 18- month closing highs on Monday. Monday's strong closes came during New Year market holidays in Japan, South Korea, Taiwan, Indonesia, Thailand, the Philippines and Vietnam, with half-day trading in Australia, New Zealand, Hong Kong and Singapore.
SINGAPORE, Dec 31- Gold ticked up to around $1,660 an ounce on Monday after the euro firmed against the dollar, but wary investors stayed on the sidelines as last-ditch attempts by U.S. lawmakers to resolve a fiscal crisis seemed to be getting nowhere. After adjourning for the day, the Senate will reconvene at 1600 GMT on Monday. "
SYDNEY, Dec 31- Financial markets across Asia and Western Europe were either closed or closing early on Monday, abandoning the field as the U.S. Congress and the White House battled it out for a solution to the impending "fiscal cliff".
GENEVA, Dec 28- South Korea nominated Taeho Bark, its trade minister, to lead the World Trade Organization on Friday, making him the eighth candidate to be put forward for the top job. Bark's candidacy was submitted three days before nominations close and as Pascal Lamy, the global trade body's current director general, prepares to step down on Aug. 31, 2013.
NEW YORK, Dec 27- The yen dropped to its lowest against the U.S. dollar in more than two years on Thursday on expectations a new government in Tokyo will push for aggressive monetary stimulus to boost a sluggish economy and take steps to weaken the Japanese currency.
*Abe to become Japan's prime minister on Wednesday. LONDON, Dec 24- The yen fell on Monday to trade near a 20- month low against the dollar after incoming prime minister Shinzo Abe heaped fresh pressure on the Bank of Japan to adopt a higher inflation target.
Dec 24- Visitor arrivals in Hong Kong in November rose 18.7 percent from a year earlier to about 4.22 million, data from the Hong Kong Tourism Board showed on Monday. The figure brings cumulative arrivals for the first 11 months of 2012 to about 43.84 million, up 16.1 percent from the same period last year. Nov Oct Sep Aug Jul Jun May 18.7 11.9 18.8 20.5 13.8 19.3 12.7.
WASHINGTON, Dec 21- Alarm about an arcane provision that could send U.S. milk prices at the grocery store soaring, hurting millions of American households, has spurred calls for last-minute action on farm legislation that has been languishing for months.
NEW YORK, Dec 21- Investors turned to the relative safety of the U.S. dollar on Friday even though Washington's struggle to come up with a negotiated budget that averts spending cuts and tax increases took a turn for the worse, and increased chances of a recession.
WELLINGTON/ GENEVA, Dec 21- The field of candidates to succeed Pascal Lamy as head of the World Trade Organization burst open on Friday, as New Zealand, Mexico, Jordan and Kenya threw names into the ring with 10 days left for nominations.
NEW YORK, Dec 21- The dollar firmed on Friday as investors sought safety after U.S. budget negotiations to avert spending cuts and tax increases took a turn for the worse, fueling concerns the United States could slide into recession.
NEW YORK, Dec 21- The dollar firmed on Friday after U.S. budget negotiations to avert spending cuts and tax increases took a turn for the worse, fuelling concerns the world's largest economy could slide into recession.
LONDON, Dec 21- The dollar rose against growth-linked currencies on Friday after talks to resolve a U.S. budget crisis stalled, fuelling concerns the world's largest economy could be tipped into recession.
LONDON, Dec 21- The euro fell and the yen firmed against the dollar on Friday after talks to resolve a U.S. budget crisis ground to a halt, fuelling concerns the world's largest economy could be tipped into recession.
WELLINGTON, Dec 21- New Zealand nominated its trade minister Tim Groser on Friday as the latest candidate to succeed Pascal Lamy as head of the World Trade Organization. The other contenders are Ghana's former trade minister Alan John Kwadwo Kyerematen, Costa Rica's Trade Minister Anabel Gonzalez, and former Indonesian trade minister Masri Pangestu.
SYDNEY, Dec 20- The yen languished near 20- month lows against its U.S. peer on Thursday, but trading was choppy in thin conditions with yen bears possibly suffering a case of cold feet as the Bank of Japan's policy decision loomed.
PERTH, Australia, Dec 16- Australian publisher Fairfax Media Ltd is selling its remaining stake in New Zealand online auction and classified business Trade Me Ltd for about A $600 million to pay down debt, newspapers reported on Sunday. Fairfax spokesman Brad Hatch declined to comment.
NEW YORK, Dec 12- Global shares rose and the euro jumped against the dollar on Wednesday after the Federal Reserve ramped up its monetary stimulus and said it would keep benchmark U.S. interest rates near zero until the jobless rate falls sharply.
*Long-term Treasury purchases to start at $45 bln per month in 2013. NEW YORK, Dec 12- The euro rose against the U.S. dollar on Wednesday, adding to gains after the Federal Reserve, as expected, left benchmark U.S. interest rates unchanged and said it would extend its bond-buying economic stimulus program.
*Fed makes new rate pledge, pledges more stimulus. NEW YORK, Dec 12- U.S. stocks rose and the euro jumped against the dollar on Wednesday after the Federal Reserve ramped up its monetary stimulus and took the unprecedented step of saying it would keep interest rates near zero until the jobless rate falls sharply.