Bill English, Deputy Prime Minister & Finance Minister of New Zealand, says the $4.7 billion from sales of state assets will be used to rebuild Christchurch and reinvest in public infrastructure.» Read More
WELLINGTON, March 13- New Zealand's central bank raised interest rates on Thursday and signaled further rises through early 2017, taking the lead among developed economies in tightening monetary policy as it tries to quell inflation pressures in an outperforming economy.
WELLINGTON, March 13- New Zealand's central bank raised its benchmark cash rate by 25 basis points to 2.75 percent on Thursday, as expected, and flagged a series of further increases to keep inflation pressures in check as the economy gains momentum. New Zealand's 2.75 percent official cash rate compares with Australia's 2.50 percent, the U.S.
WELLINGTON, March 10- New Zealand will hold its general election on Sept. 20, Prime Minister John Key said on Monday, in a vote that is likely to focus on his centre-right National Party's economic record. He said the date was influenced by a Group of 20 summit due to be held in Australia in mid-November, to which New Zealand has been invited to attend as an observer.
*Russia hikes interest rate after rouble slide. *Copper falls to 3- month low on China slowdown concerns. LONDON, March 3- The rising threat of war between Ukraine and Russia spooked markets and sent investors scurrying for relative safety on Monday, pushing stocks down sharply and lifting gold to a four-month high.
TOKYO, March 3- Stocks slid while oil prices shot up on Monday, after Russia bloodlessly seized a part of Ukraine, escalating tensions between Russia and the West to a level not seen since the end of the Cold War.
TOKYO, March 3- Stock prices plummeted while oil prices shot up on Monday as escalating tensions between Russia and the West after Russia bloodlessly seized a part of Ukraine.
TOKYO, March 3- Escalating political tensions in Ukraine pressured Asian stocks on Monday, forcing anxious investors to cut their exposure to riskier assets in favour of traditional safe haven bets such as the Japanese yen and Swiss franc.
WELLINGTON, March 3- The yen rallied to a three-week high against the U.S. dollar on Monday while the Australian and New Zealand dollars stumbled as escalating political tensions in Ukraine prompted investors to dump higher-risk currencies in favour of lower-risk, liquid ones.
TOKYO/ SINGAPORE, Feb 21- America's ambitious trade agenda is running into fierce resistance in Asia, but negotiators say a draft Pacific free-trade deal that papers over some differences may be ready by the time U.S.
WELLINGTON, Feb 19- A New Zealand court on Wednesday ruled that the search warrant used in the arrest of Megaupload founder Kim Dotcom on U.S. online piracy charges was legal, dealing a blow to the internet entrepreneur who is fighting extradition to the United States.
WELLINGTON, Feb 19- A New Zealand court on Wednesday ruled that the search warrant used in the arrest of Megaupload founder Kim Dotcom on U.S. online piracy charges was legal, dealing a blow to the internet entrepreneur's fight against extradition to the United States.
Paul Bloxham, Chief Economist, Australia & New Zealand at HSBC, expects the Reserve Bank of New Zealand (RBNZ) to start withdrawing liquidity soon.
Theo Spierings, CEO of Fonterra, says the global dairy trade remains strong even as the firm comes off its peak season and explains the firm's relationship with Danone.
*New Zealand's sheepmeat trade to China up fivefold to $550 mln. WELLINGTON/ SYDNEY, Feb 7- At a sprawling plant run by New Zealand's biggest meat processor, rows of lamb carcasses hang from meathooks on their way to a cutting room to be chopped, trimmed and shipped out in increasing quantities to China.
Kathy Lien, Managing Director of FX Strategy at BK Asset Management, says investors should take advantage of the recent selloff in the New Zealand dollar.
Bill English, Deputy Prime Minister & Finance Minister of New Zealand, says housing, inflation and outward investment are three issues that his government will have to combat this year.
Bill English, Deputy Prime Minister & Finance Minister of New Zealand, lays out the country's plans to fight off global risks and sustain economic growth in 2014.
WELLINGTON, Jan 30- New Zealand's central bank on Thursday gave its clearest indication yet that it will raise interest rates in March, a sign of confidence that the economy will continue its strong recovery despite renewed turmoil gripping emerging markets.
LONDON/ SYDNEY, Jan 27- Hedge funds and currency strategists are growing increasingly cautious over the New Zealand dollar's strength against the Australian dollar, believing its long bull run could finally be nearing an end. But some think the New Zealand dollar's gains may have run their course, with the factors behind its strength largely priced in.
WELLINGTON, Jan 28- New Zealand's central bank is on the verge of becoming the first developed country to raise interest rates in the current cycle, with market pricing suggesting a hike at this week's meeting is a close call.