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  • Oil price won't recover dramatically: New Zealand PM

    New Zealand's Prime Minister John Key says the low oil price is positive for consumers.

  • SNB move has affected kiwi: New Zealand PM   Monday, 19 Jan 2015 | 2:45 AM ET
    SNB move has affected kiwi: New Zealand PM

    New Zealand's Prime Minister, John Key, says the Swiss National Bank's move to remove the Swiss franc's euro peg has affected the kiwi, but the country's economy remains strong.

  • *Milk formula maker Yashili issues profit warning. HONG KONG/ SHANGHAI, Jan 14- Chinese milk powder maker Yashili International Holdings Ltd said on Wednesday it expects its 2014 net profit to fall about 40 percent, hit by slowing demand for baby formula and higher marketing and compliance costs. The profit warning by Yashili, owned by China Mengniu Dairy Co Ltd...

  • *Milk formula maker Yashili issues profit warning. HONG KONG/ SHANGHAI, Jan 14- Chinese milk powder maker Yashili International Holdings Ltd said on Wednesday it expects its 2014 net profit to fall about 40 percent, hit by slowing demand for baby formula and higher marketing and compliance costs. The profit warning by Yashili, owned by China Mengniu Dairy Co Ltd...

  • Lower oil isn’t giving Asia markets wings Sunday, 11 Jan 2015 | 10:17 PM ET
    A station attendant refuels a moped at a fuel station on April 30, 2013 in Yogyakarta, Indonesia.

    Sharply lower oil prices are widely hailed as a positive for most Asian markets, but that hasn't slowed fund outflows or raised growth forecasts much.

  • New Zealand looks beyond last Hobbit Friday, 2 Jan 2015 | 1:23 AM ET

    "Tolkien-mania" tourism is boosting New Zealand's economy and helping to offset a price slump of its biggest export, milk. The Financial Times reports.

  • TOKYO, Dec 11- Asian stocks fell on Thursday as falling oil prices added to global growth concerns, while the dollar saw a bit of a respite against the yen and euro after successive sharp losses. Spreadbetters expected the bearish tone for equities to continue into Europe, forecasting Britain's FTSE to fall by as much as 0.3 percent at the open, and Germany's DAX and...

  • SINGAPORE/ SYDNEY, Dec 11- The dollar inched higher versus the yen on Thursday, getting some respite after falling roughly 3 percent in the past three days as the market unwound stretched positions ahead of the year-end. It touched a two-week low near 117.45 yen earlier on Thursday but later stabilised and last traded at 118.09 yen, up 0.2 percent on the day.

  • TOKYO, Dec 11- Asian stocks fell on Thursday as falling oil prices continued to feed into global growth concerns, while the dollar struggled against peers such as the yen and euro after a further drop in U.S. bond yields. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent as another large decline in oil prices took a heavy toll on energy...

  • DIARY- Top Economic Events to Dec 24 Wednesday, 10 Dec 2014 | 7:01 PM ET

    LONDON- Bank of England Governor Mark Carney and Deputy Governor Ben Broadbent will hold a press conference along with Former Federal Reserve Board Governor Kevin Warsh- 1000 GMT. NEW YORK- Bank of Canada Governor Stephen Poloz speaks before the Economic Club of New York- 1245 GMT. HELSINKI- Bank of Finland Governor and ECB council member Erkki Liikanen to hold a...

  • WELLINGTON, Dec 9- Farmers in New Zealand, the world's largest dairy exporter, are reining in milk production as a flood of supply from Europe and the United States pummels prices, a sign the "white gold" rush that has fuelled the New Zealand economy for years is over. Last season's record-high prices have fallen well out of reach as the supply glut and a slowdown in...

  • DIARY- Top Economic Events to Dec 19 Friday, 5 Dec 2014 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on economic outlook and monetary policy before the Council for Quality Growth- 1730 GMT. LONDON- Bank of England holds quarterly financial policy committee meeting. BRUSSELS- Meeting of euro zone finance ministers to discuss 2015 draft budgets.

  • WELLINGTON, Dec 1- U.S. authorities have lost a motion to have cyber fugitive Kim Dotcom remanded in custody in New Zealand before his extradition hearing to face internet piracy charges in the United States. An Auckland court on Monday rejected allegations that Dotcom, the founder of the Megaupload online file storage site, was a flight risk and had broken the...

  • WELLINGTON, Nov 20- Italian luxury textiles house Loro Piana recently made its annual trip down under to select two bales of the finest merino wool, one from New Zealand and the other from Australia, for its premier line of suits, which sell for tens of thousands of dollars. "Any time we mention New Zealand wool and build brands that mention New Zealand origin, we're...

  • What China-Australia FTA means for New Zealand   Tuesday, 18 Nov 2014 | 9:32 PM ET
    What China-Australia FTA means for New Zealand

    Paul Bloxham, Chief Economist, Australia & New Zealand at HSBC, says Australia's new trade deal will compete with New Zealand's dairy and agricultural exports to China.

  • *ECB hires Deutsche, ING, State Street, Amundi. By Kathrin Jones and Eva Taylor. FRANKFURT, Oct 30- The European Central Bank hired four major asset managers to carry out from November its purchases of securitised private debt, one of the stimulus measures the bank hopes will stave off deflation in the euro zone.

  • WELLINGTON, Oct 30- New Zealand's central bank held rates steady on Thursday and signaled it will keep monetary policy on hold closer to the end of next year, diluting its tightening bias just as the U.S. The New Zealand dollar tumbled more than half a U.S. cent as markets reacted to the contrasting tones in the policy statements of the Fed and the Reserve Bank of New...

  • SINGAPORE/ TOKYO, Oct 23- The euro eased on Thursday with the focus turning to a gauge of euro zone business activity due later in the day, while the kiwi slid after a surprisingly weak reading on inflation in New Zealand. The U.S. dollar managed to stay above water, though a largely muted reaction was seen in currency markets to a survey showing China's factory sector...

  • Upbeat on Fonterra in the long run: Motley Fool   Tuesday, 23 Sep 2014 | 11:23 PM ET
    Upbeat on Fonterra in the long run: Motley Fool

    Matt Joss, Research Analyst at The Motley Fool, says the New Zealand dairy co-operative is well-positioned to benefit from China's relaxation of the one-child policy.

  • Fonterra: Dairy sector will rebound   Tuesday, 23 Sep 2014 | 8:06 PM ET
    Fonterra: Dairy sector will take a turn for the better

    Theo Spierings, CEO of Fonterra, explains why he thinks global dairy prices will return to normal by March 2015.