Business New Zealand

More

  • The Current New Zealand Flag

    A strong 5.7 magnitude earthquake struck near Christchurch in New Zealand, causing cliffs to collapse into the sea.

  • WELLINGTON, Feb 4- The Trans-Pacific Partnership, one of the world's biggest multinational trade deals, was signed by 12 member nations on Thursday in New Zealand, but the massive trade pact will still require years of tough negotiations before it becomes a reality. The 12 nations include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,...

  • WELLINGTON, New Zealand— Trade ministers from 12 Pacific Rim countries including the United States gathered Thursday in New Zealand for the ceremonial signing of a free-trade deal they say will significantly boost trade. Many people in New Zealand remain opposed to the deal, and hundreds protested outside the Auckland venue where it was being signed,...

  • B/E Aerospace beats 4Q profit forecasts Tuesday, 2 Feb 2016 | 5:00 AM ET

    WELLINGTON, Fla. _ B/E Aerospace Inc. on Tuesday reported fourth-quarter net income of $83.4 million, after reporting a loss in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share. B/E Aerospace expects full-year earnings to be $3.20 per share.

  • WELLINGTON, Jan 28- New Zealand's central bank kept interest rates steady as expected on Thursday but said more easing may be needed due to low inflation. The Reserve Bank of New Zealand left the Official Cash Rate unchanged at 2.50 percent after cutting four times last year. "It's clearly a more dovish statement that reflects the way that inflation keeps...

  • DIARY-Top Economic Events to Feb 5 Monday, 25 Jan 2016 | 7:01 PM ET

    LONDON- Treasury Select Committee Hearing- Financial Stability Report. Bank of England officials Alex Brazier, Mark Carney, Clara Furse and Martin Taylor to attend- 1000 GMT. LONDON- Bank of England's Monetary Policy Committee member Kristin Forbes speaks Henry Jackson Society event- 1300 GMT.

  • TOKYO, Jan 25- Asian stocks on Monday moved further away from four-year lows struck last week, as a cold spell in parts of the northern hemisphere pushed oil prices higher and relieved some of the bearish pressure on global markets. Spreadbetters forecast a higher open for Britain's FTSE, Germany's DAX and France's CAC against the positive backdrop for equities.

  • East coast pushed oil prices higher, relieving some of the bearish pressure on Wall Street and world markets. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.2 percent, putting further distance between a four-year low plumbed last week. "The latest rebound in oil, combined with European and Japan central bank's hinting at further stimulus,...

  • DIARY-Top Economic Events to Feb 3 Friday, 22 Jan 2016 | 7:01 PM ET

    Greenland Finance Minister Vittus Qujaukitsoq, Norway Prime Minister Erna Solberg and Foreign Minister Borge Brende, and Finland Foreign Minister Timo Soini to attend. BRUSSELS- European Central Bank executive board member Sabine Lautenschlaeger to speak at Committee on Economic and Monetary Affairs at the European Parliament- 1730 GMT.

  • DIARY-Top Economic Events to Feb 2 Thursday, 21 Jan 2016 | 7:01 PM ET

    FRIDAY, JANUARY 22 DAVOS- European Central Bank President Mario Draghi to participate in discussion with Financial Times Editor Lionel Barber at the World Economic Forum- 0745 GMT. DAVOS- European Central Bank member Benoit Coeure to participate in a panel discussion on "Rebuilding Europe's Financial Confidence" at the World Economic Forum- 1200 GMT.

  • DIARY-Top Economic Events to Jan 30 Tuesday, 19 Jan 2016 | 7:01 PM ET

    FRANKFURT- European Central Bank President Mario Draghi to hold press conference- 1330 GMT. FRIDAY, JANUARY 22 DAVOS- European Central Bank President Mario Draghi to participate in discussion with Financial Times Editor Lionel Barber at the World Economic Forum- 0745 GMT. DAVOS- European Central Bank member Benoit Coeure to participate in a panel discussion...

  • WELLINGTON, Jan 20- International dairy prices continued to fall in this month's second auction held by New Zealand's Fonterra Co-operative Group, the world's largest dairy exporter. "Global demand for dairy commodities continues to be weak relative to global milk supply," said New Zealand's AgriHQ dairy analyst Susan Kilsby. "We expect Fonterra to reduce its...

  • DIARY-Top Economic Events to Jan 29 Monday, 18 Jan 2016 | 8:10 PM ET

    TUESDAY, JANUARY 19 WASHINGTON- The International Monetary Fund will release its World Economic Outlook update and will hold a press conference hosted by the Bank of England- 1000 GMT. Speakers:- Austria Finance Minister Hans Jorg Schelling, Serbia Finance Minister Dusan Vujovic, Hungary National Economy Minister Mihaly Varga, National Bank of Austria...

  • *Slump in China stock markets, yuan adds to hard landing fears. BEIJING, Jan 19- China is expected to report its weakest quarterly economic growth in nearly seven years on Tuesday, adding pressure on policymakers to take bolder steps to ward off fears of a sharper slowdown that are jolting global financial markets. Full-year growth is seen at 6.9 percent, enviable...

  • Kim Dotcom loses bid to block extradition Wednesday, 23 Dec 2015 | 8:00 AM ET
    Kim Dotcom loses bid to block extradition

    The German tech entrepreneur faces charges for copyright infringement and money laundering

  • FOREX-Dollar inches higher after mixed U.S. data Wednesday, 23 Dec 2015 | 3:57 AM ET

    *Most currencies rangebound in holiday-thinned trade. *UK GDP eyed for sterling impact. LONDON, Dec 23- The dollar inched up in holiday-thinned trading on Wednesday, with most major currency pairs bobbing about in narrow ranges after data overnight painted a mixed picture of the U.S. economy.

  • *Tokyo markets closed for Japanese emperor's birthday. TOKYO, Dec 23- The dollar steadied in holiday-thinned Asian trading on Wednesday after data overnight painted a mixed picture of the U.S. economy, with major currency pairs bobbing in narrow ranges. Volume was relatively thin, with Tokyo markets closed for the Japanese emperor's birthday and many...

  • AUCKLAND, Dec 23- German tech entrepreneur Kim Dotcom on Wednesday lost a bid to block his extradition from New Zealand to the United States to face charges including copyright infringement and money laundering, a major victory for the U.S. Department of Justice in the long-running case. The decision by a New Zealand court comes almost four years after police...

  • TOKYO, Dec 16- Asian stocks rose briskly on Wednesday, with sentiment lifting as Wall Street rose before a likely hike in U.S. interest rates, while the dollar held to large gains made as Treasury yields picked up. Spreadbetters saw the upbeat momentum in equities being retained in Europe and forecast a higher open for Britain's FTSE, Germany's DAX and France's CAC.

  • After 100 years in NZ, Shell looks at pulling out Wednesday, 9 Dec 2015 | 9:59 PM ET

    Shell said on Thursday it was reviewing its business interests in New Zealand as it seeks to streamline its portfolio amid a slump in energy prices.