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  • WELLINGTON, Fla. _ KLX Inc. on Monday reported fiscal first-quarter profit of $6.2 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. Three analysts surveyed by Zacks expected $378.6 million.

  • NEW YORK/ WELLINGTON, May 16- Erik Duhaime is a passive stock market investor, but he isn't afraid to short Donald Trump or go long on Hillary Clinton. "This is probably one of the ways I restrain myself from being active in the stock market," said Duhaime, a PhD student at Massachusetts Institute of Technology Sloan School of Management, who checks the site a few times a...

  • WASHINGTON— The global luxury housing market lost some of its sheen last year as financial markets became unsettled and many wealthy buyers began to look for less expensive homes. "The return of realism," is how Dan Conn, chief executive of Christie's International Real Estate, described the high-end market that stretches from San Francisco to Singapore.

  • New Zealand Prime Minister, John Key speaks to media at the Commonwealth Parliamentary Offices during a joint press conference in Sydney, Australia.

    The Prime Minister of New Zealand has been ejected from parliament after a tirade over the country’s role in the Panama Papers.

  • WELLINGTON, New Zealand— Facing declining revenues and changing reader habits, New Zealand's two main newspaper groups announced Wednesday they're discussing a merger that could end decades of competition and result in hundreds of job losses. If approved by regulators, the merger would combine the New Zealand newspapers, radio stations and websites owned...

  • TOKYO/ SYDNEY, May 11- The dollar dipped on Wednesday as investors locked in gains following its steep rise against the yen after intervention warnings from Japanese officials. However, it remained well above a 15- month trough of 91.919 set on May 3. Both currencies had suffered losses in late April when the Bank of Japan held off from expanding monetary stimulus,...

  • SYDNEY, May 11- The yen stayed on the defensive early on Wednesday, following two sessions of steep declines after Japanese officials stepped up their warning about intervening to weaken the currency. The unwelcome currency strength prompted a string of Japanese officials to warn about taking action, the latest being Koichi Hamada, a key economic adviser to...

  • WELLINGTON, May 11- New Zealand's financial system remains resilient but risks to the financial stability outlook have increased in the past six months, the central bank said on Wednesday. The hot housing market has long been a source of concern for the central bank, in particular in the nation's largest city, Auckland. However, prices in Auckland remain "...

  • DOHA/ PARIS, May 10- Qatar Airways has delayed the launch of the world's longest scheduled direct flight-- from Doha to Auckland, New Zealand-- by two months because of the late delivery of Airbus A350s, an airline spokeswoman said on Tuesday. The 17.5 hour, 9,031- mile service on Boeing 777 jets to New Zealand had been due to start on Dec. 3 this year. The delay adds pressure...

  • DOHA/ PARIS, May 10- Qatar Airways has delayed the launch of the world's longest scheduled direct flight-- from Doha to Auckland, New Zealand-- by two months because of the late delivery of Airbus A350s, an airline spokeswoman said on Tuesday. Qatar Airways increased pressure on Airbus over aircraft reliability last month, saying it had some "issues" with the A350...

  • DOHA, May 10- Qatar Airways has delayed the launch of the world's longest direct flight-- from Doha to Auckland, New Zealand-- by two months because of the late delivery of Airbus A350s, an airline spokeswoman told Reuters. Qatar Airways increased pressure on Europe's Airbus over aircraft reliability last month, saying it had some "issues" with the A350 passenger jet...

  • WELLINGTON, May 9- Wealthy Latin Americans are using secretive, tax-free New Zealand shelf companies and trusts to help channel funds around the world, according to a report on Monday based on leaks of the so-called Panama Papers. Pressure is mounting on Prime Minister John Key to take action after local media analysed more than 61,000 documents relating to New...

  • *WorldRemit expanding in Australia, New Zealand. U.S.-listed PayPal intends to roll out its online remitting platform Xoom into Australia soon, senior executives told Reuters, while U.K.- based WorldRemit in April said it had chosen Australia as its Asia-Pacific base. Australia is a fast-growing market for foreign money transfer operators thanks to a large...

  • NEW YORK, April 20- The chances of a contested Republican U.S. presidential convention slid to their lowest in more than three weeks on Wednesday after Donald Trump swept to a critical victory in New York's primary, according to PredictIt, an online market for placing bets on U.S. and world politics. With Trump netting most of the state's 95 delegates and further...

  • China-NZ Trade

    Graeme Milne, chairman at Synlait Milk and a member of the 40-member delegation, says New Zealand is committed to improving trade ties and renewing relationships in China.

  • NZ-China relations are win/win

    A focus of New Zealand PM John Key's FTA discussions in China will be NZ dairy exports, says BusinessNZ's executive director, Catherine Beard.

  • The RBNZ said on Thursday an independent investigation confirmed its March decision to cut rates was leaked by a journalist before the official release.

  • A worker polishes steel coils at a factory of Dongbei Special Steel Group in Dalian, China.

    As China's economy looks to be slowing, countries in the region are loading up on prophylactics.

  • New Zealand pays $16M to keep the same flag

    More than 2 million residents voted to keep the country's flag as is.

  • New Zealand has voted to keep its current flag following a referendum that cost the country 25 million New Zealand dollars