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  • The 'sweet spot' that New Zealand is aiming for   Wednesday, 18 Mar 2015 | 8:42 PM ET
    The 'sweet spot' that New Zealand is aiming for

    Bill English, deputy prime minister & finance minister of New Zealand, says the country wants "sustained, moderate growth" of 3 percent over the next 2-3 years, but warns of risks from China and Australia.

  • *Cyclone Pam's 300- kph winds struck on Friday and Saturday. *Official death toll 11, but could rise. TANNA, Vanuatu, March 17- Residents of the southern Vanuatu island of Tanna said they were running out of food and basic supplies on Tuesday, after a huge cyclone tore across the South Pacific nation wreaking widespread devastation but not the heavy death toll...

  • TANNA, March 17- International aid agencies began emergency flights on Tuesday to some of the remote outer islands of Vanuatu, which they fear have been devastated by a monster cyclone that tore through the South Pacific island nation. The United Nations said the official death toll from the cyclone was 11, revising down its earlier figure of 24, but many...

  • TANNA, March 17- International aid agencies began emergency flights on Tuesday to some of the remote outer islands of Vanuatu, which they fear have been devastated by a monster cyclone that tore through the South Pacific island nation. The United Nations said the official death toll from the cyclone was 11, revising down its earlier figure of 24, but many...

  • Fonterra embarks on major strategic shift   Monday, 16 Mar 2015 | 9:06 PM ET
    Fonterra embarks on major strategic shift

    Theo Spierings, CEO of Fonterra, explains why the firm's decision buy milk from non-members won't contribute to the current glut in the dairy market.

  • Fonterra battles foreign firms for NZ milk supply Monday, 16 Mar 2015 | 5:00 PM ET

    WELLINGTON, March 17- Fonterra, New Zealand's huge dairy cooperative, has begun buying milk from non-members for the first time in its history, a major strategic shift as it battles foreign-backed processors that have sprung up in the world's No.1 dairy exporting nation. International dairy markets have been closely watching how the company, at the heart of an...

  • Tracking New Zealand's baby formula poison threat   Wednesday, 11 Mar 2015 | 1:15 AM ET
    Tracking New Zealand's baby formula poison threat

    Matt Joass, Research Analyst at the Motley Fool, says Fonterra handled the anonymous threat well and the incident shouldn't have a long-lasting impact on the dairy giant.

  • WELLINGTON/ SHANGHAI, March 11- Chinese demand for New Zealand infant formula has fallen after a threat by suspected environmental activists to contaminate the product with an agricultural poison, the head of an exporter group said on Wednesday. Following the announcement, China said it would increase scrutiny of milk powder imports from New Zealand, which...

  • DIARY-Top Economic Events to March 24 Tuesday, 10 Mar 2015 | 8:01 PM ET

    LONDON- Bank of England's Martin Weale speaks at the City and Islington Sixth Form College- 1500 GMT. LONDON- Bank of England's Martin Stewart speaks at the Mortgage Finance Gazette conference- 1625 GMT. FRANKFURT- European Central Bank President Mario Draghi gives keynote speech at opening of conference focused on the effectiveness of the central bank's...

  • *Greece funding uncertainty in focus. *Russia central bank seen holding rates at meeting. MADRID, March 8- China's cooling growth prospects and an interest rate decision in Russia will shift the economic agenda away from the euro zone next week, although Greece remains firmly in the spotlight because of its precarious funding outlook.

  • SYDNEY/ WELLINGTON, Feb 24- New Zealand- based Martin Aircraft Ltd soared as much as 63 percent in its Australian share market debut on Tuesday, after the jetpack maker raised A $27 million to help bring its personalised aircraft to market. Martin, which struck a financing deal with China's KuangChi Science Ltd worth A $50 million over the next two years, hopes to...

  • Sahara's head of corporate finance, Sandeep Wadhwa, said Sahara's lawyers had verified with Bank of America that Sharma has deposited just over $1 billion in an account at the bank that is "earmarked for the said transaction." After Reuters asked the bank to look into the account, spokeswoman Jumana Bauwens issued a statement saying: " Bank of America isn't...

  • DIARY- Top Economic Events to Feb 17 Tuesday, 3 Feb 2015 | 7:01 PM ET

    CALIFORNIA- Andrew Gracie, Bank of England's executive director for resolution, speaks at the FIA-SIFMA asset management derivatives forum- 1200 GMT. COLUMBUS- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the economy before the Ohio Bankers League annual economic summit- 1745 GMT. LONDON- Bank of England holds monetary policy...

  • DIARY- Top Economic Events to Feb 13 Monday, 2 Feb 2015 | 7:01 PM ET

    NEWARK, United States- Federal Reserve Bank of St. Louis President James Bullard speaks on "U.S. and International Economies and Monetary Policy" before the 10th Annual Delaware Economic Forecast hosted by the University of Delaware- 1500 GMT. Treasury Secretary Jack Lew testifies before the House Ways and Means Committee on the President's Budget Proposal...

  • DIARY- Top Economic Events to Feb 11 Wednesday, 28 Jan 2015 | 7:01 PM ET

    FAIRFAX, United States- Federal Reserve Board Governor Daniel Tarullo speaks on "Advancing Macroprudential Policy Objectives" before the Office of Financial Research and Financial Stability Oversight Council 4th Annual Conference: Evaluating Macroprudential Tools: Complementarities and Conflicts "- 1745 GMT. SARASOTA, United States- Federal Reserve...

  • NEW YORK, Jan 26- The euro rebounded on Monday as investors took advantage of steep losses sustained during two days of dramatic selling, with the final push down to a fresh 11- year low coming after elections in Greece put an anti-austerity government in power. Greece elected, as expected, left-wing leader Alexis Tsipras of the anti-bailout Syriza party.

  • FOREX-Euro ricochets off lows following Greek vote Monday, 26 Jan 2015 | 11:57 AM ET

    NEW YORK, Jan 26- The euro rebounded on Monday as investors took advantage of steep losses from two days of dramatic selling, with the final push down to a fresh 11- year low coming after the results of elections in Greece put an anti-austerity government in power. Greece elected, as expected, left-wing leader Alexis Tsipras of the anti-bailout Syriza party.

  • *Euro hits 11- year low in knee-jerk reaction to Greece vote. *Investors see limited fallout from Greece in longer term. TOKYO, Jan 26- The euro skidded to an 11- year low and stock prices fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with...

  • *Greece vote results stokes fresh concerns of instability in Europe. TOKYO, Jan 26- The euro skidded to near an 11- year low and U.S. stock futures fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders. Syriza leader Alexis...

  • 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.