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  • WASHINGTON— Air safety investigators have a "high degree of confidence" that aircraft debris found in the Indian Ocean is of a wing component unique to the Boeing 777, the same model as the Malaysia Airlines plane that disappeared last year, a U.S. official said Wednesday. A French official close to an investigation of the debris confirmed Wednesday that French...

  • B/E Aerospace misses Street 2Q forecasts Wednesday, 22 Jul 2015 | 5:03 AM ET

    WELLINGTON, Fla. _ B/E Aerospace Inc. on Wednesday reported second-quarter net income of $78.9 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share. B/E Aerospace expects full-year earnings to be $3.03 per share, with revenue expected to be $2.8 billion.

  • DIARY-Top Economic Events to Aug 4 Tuesday, 21 Jul 2015 | 8:00 PM ET

    Treasury Secretary Jack Lew participates in joint press conference on the 2015 Social Security and Medicare Trustees Reports to Congress- 1830 GMT. SYDNEY- Reserve Bank of Australia Governor Glenn Stevens speaks at the Anika Foundation Luncheon- 0305 GMT. KUMAMOTO, Japan- Bank of Japan Deputy Governor Hiroshi Nakaso speaks in Kumamoto- 0130 GMT.

  • SINGAPORE, July 20- The dollar hit a three-month high against a basket of major currencies on Monday, after solid U.S. inflation and housing data supported expectations for the Federal Reserve to raise interest rates in coming months. The greenback is coming off its best weekly performance in about two months, having risen last week after Fed Chair Janet Yellen...

  • DIARY-Top Economic Events to July 30 Thursday, 16 Jul 2015 | 8:00 PM ET

    WASHINGTON- Federal Reserve Vice Chair Stanley Fischer participates in "The Federal Reserve: a Conversation with Vice Chair Stanley Fischer" before the U.S. Chamber of Commerce- 1400 GMT. TOKYO- Bank of Japan board member Yutaka Harada will participate in a panel discussing Japan's economic and fiscal reforms- 0600 GMT. SYDNEY- Reserve Bank of Australia to...

  • Fed rate hike fears ripple through Canada, world Thursday, 16 Jul 2015 | 5:49 PM ET
    Stephen Poloz, governor of the Bank of Canada

    Canada cut rates this week while a U.S. policy transition is already sending ripples around the world at the same time tumbling commodities prices are biting into growth.

  • WELLINGTON, July 16- New Zealand's central bank looks set to be forced into more aggressive interest rate cuts to support a flagging economy beset by crumbling dairy prices, sliding sentiment and low inflation. "We were already expecting a 25 basis point cut next week and stick to that call, although a straight 50 bps cut is now a real possibility," said HSBC chief...

  • DIARY-Top Economic Events to July 29 Wednesday, 15 Jul 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen delivers semi-annual testimony on monetary policy before the Senate Banking Committee- 1400 GMT. LINCOLN, England- Bank of England Governor Mark Carney speaks at the Resolution Foundation- 1800 GMT. WASHINGTON- Federal Reserve Vice Chair Stanley Fischer participates in "The Federal Reserve: a Conversation with...

  • WELLINGTON, July 13- The euro fell broadly on Monday on fading optimism that Greece can secure more funding to stay afloat as its European partners demanded tough reforms from the heavily indebted country which is teetering on the verge of bankruptcy. The single currency fell more than 0.5 percent to $1.1090 according to Reuters data, as Greece's 18 euro zone...

  • WELLINGTON, June 29- Euro exchange rates fell in Asia early on Monday after Greece failed to strike a deal with its international lenders to secure more emergency funding at the weekend, forcing it to introduce capital controls and keep its banks shut. "Greece is not out of the euro yet, but they've only got 48 hours left." A failure by Greece to repay a 1.6 billion-euro...

  • Airbnb closes in on $1.5 bln fundraising - FT Friday, 26 Jun 2015 | 9:41 AM ET

    June 26- Online home-rental marketplace Airbnb Inc is closing on a $1.5 billion fundraising that would boost the company's valuation to $24 billion, the Financial Times reported. The financing is set to be led by U.S. private equity firm General Atlantic, Beijing- based investment management firm Hillhouse Capital and investment firm Tiger Global, the FT said...

  • Fascinating visitors to this week's show, it is in fact a simulator of a jetpack made by New Zealand- based Martin Aircraft and displayed for the first time to the public. "It consumes 1 litre of fuel per minute, the same as a helicopter, but it can land in small spaces, hover very close to things, and its servicing is cheaper," Martin Aircraft Chief Executive Peter Coker...

  • English: New Zealand's commodity sector still resilient Wednesday, 17 Jun 2015 | 7:36 PM ET
    English: New Zealand's commodity sector still resilient

    Bill English, Deputy Prime Minister & Minister of Finance of New Zealand, explains why he is "quite confident" about the country's agricultural commodity-related sectors.

  • New Zealand Fin Min: Economy still in good shape Wednesday, 17 Jun 2015 | 7:31 PM ET
    New Zealand Fin Min: Economy still in good shape

    Bill English, Deputy Prime Minister & Minister of Finance of New Zealand, discusses the country's first-quarter growth data, which marked the lowest quarterly rate in two years.

  • Small country may present a warning for Janet Yellen Friday, 12 Jun 2015 | 6:00 AM ET
    Federal Reserve Bank Board Chair Janet Yellen.

    New Zealand could be warning the U.S. about what can happen if it raises rates too soon.

  • TOKYO, June 11- Asian stocks rose on Thursday, encouraged by gains on Wall Street, while the New Zealand dollar tumbled to a five-year low after the central bank cut interest rates for the first time in four years. Spreadbetters expected a flat to slightly lower open for Britain's FTSE, Germany's DAX and France's CAC. MSCI's broadest index of Asia-Pacific shares...

  • TOKYO, June 11- Asian stocks rose on Thursday, encouraged by gains on Wall Street, while the New Zealand dollar tumbled to a five-year low after the central bank cut interest rates for the first time in four years as the economy slows. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent. Tokyo's Nikkei added 1.5 percent while Australian...

  • TOKYO, June 11- Asian stocks gained early on Thursday after seeing Wall Street shares halt their selloff, while the New Zealand dollar tumbled to a five-year low after the Reserve Bank there cut its overnight cash rate. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent. In currencies, the New Zealand dollar slid to a five-year low of...

  • WELLINGTON, June 11- New Zealand's central bank cut its benchmark cash rate for the first time four years on Thursday and kept the door open to more easing as it expects demand to weaken, sending the New Zealand dollar tumbling to its lowest in almost five years. The Reserve Bank of New Zealand cut its official cash rate to 3.25 percent, its first easing since March...

  • DIARY- Top Economic Events to June 22 Tuesday, 9 Jun 2015 | 8:01 PM ET

    WASHINGTON- 2015 Organisation for Economic Co-operation and Development International Tax Conference in the United States. LONDON- Bank of England Governor Mark Carney and UK Finance Minister George Osborne speak at the Mansion House event- 1945 GMT. FRANKFURT- National Bank of Austria Governor Ewald Nowotny to speak at the 6th European Central Bank...