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Business New Zealand


  • New Zealand extradition hearing against Kim Dotcom ends Tuesday, 24 Nov 2015 | 12:59 AM ET

    WELLINGTON, New Zealand— A court hearing on whether to extradite Kim Dotcom and three others who helped run the website Megaupload to the United States ended in New Zealand on Tuesday after nine weeks of arguments. A New Zealand judge will now rule on whether the men should be sent to face trial in the U.S., where they have been charged with conspiracy to commit...

  • *Euro trades back above $1.07. NEW YORK, Nov 11- The dollar retreated on Wednesday from the previous day's multi-month highs against the euro and other major currencies in a lightly traded session due to the U.S. "The moves today look technical more than anything but there is some dollar weakness," said Ulrich Leuchtmann, head of FX research at Commerzbank in...

  • FOREX-Euro resists further drop, eyes on Draghi Wednesday, 11 Nov 2015 | 8:20 AM ET

    *Euro trades back above $1.07. LONDON, Nov 11- The euro held above $1.07 on Wednesday, recovering from another charge by the dollar in the previous session but still looking shaky in trade thinned out by the U.S. Chief among those is the suspicion that the renewed falls in the euro in the past week may mean there is less pressure on the European Central Bank to ease...

  • FOREX-Euro resists further falls, eyes on Draghi Wednesday, 11 Nov 2015 | 4:05 AM ET

    LONDON, Nov 11- The euro traded back above $1.07 on Wednesday, recovering from another charge by the dollar in the previous session in trade thinned out by the U.S. Analysts pointed to speeches by European Central Bank chief Mario Draghi as the best chance of fresh direction for the market over the next couple of days. "The moves today look technical more than...

  • WELLINGTON, Nov 11- Struggling farmers facing a second season of weak dairy prices and a regional spillover from the soaring Auckland property market are a growing risk to the New Zealand economy, the country's central bank said on Wednesday. The RBNZ was also increasingly concerned about rising Auckland house prices spilling over into neighboring regions.

  • *South Korea is one of the fastest-growing cheese markets in Asia. *Free trade deals help suppliers such as U.S., New Zealand. While Japan is by far the biggest consumer of cheese in Asia, neighboring South Korea is one of the fastest-growing markets, and top suppliers such as the United States and New Zealand hope to sell even more as free trade deals cut tariffs.

  • WELLINGTON, Nov 11- Key risks to New Zealand's economy from falling dairy prices and soaring house prices in Auckland have increased this year thanks to a slowdown in China and global markets turmoil, the country's central bank said on Wednesday. "Global economic growth has softened over the past six months, and uncertainty over the path of economic and...

  • Officials were working on the final aspects of the Trans-Pacific Partnership text, the person said, after negotiators reached a deal on Oct. 5 in Atlanta. President Barack Obama, who hopes it will cement U.S. influence in the Asia-Pacific region and help counter the rise of China. Daniel Russel, the top U.S. diplomat for Asia, told a New York seminar he had "every hope" he...

  • LONDON, Nov 3- Australia's dollar gained almost 1 percent on Tuesday in an otherwise subdued currency market, after the country's central bank declined to cut interest rates further and as investors' appetite for risk increased. The Reserve Bank of Australia kept its cash rate steady at a record low of 2.0 percent. "Clearly the market had been looking for rate cut...

  • Space revolution hatching in a New Zealand paddock Monday, 2 Nov 2015 | 10:19 PM ET

    *Rocket Lab plans private rocket launch in NZ next year. *Moon Express using Rocket Lab to send rocket to moon. The rocket launch range is not just New Zealand's first of any kind, but also the world's first private launch range, and the rocket, designed by Rocket Lab, one of a growing number of businesses aiming to slash the cost of getting into space, will be powered by a 3...

  • BEIJING/ WASHINGTON, Nov 2- In August, foreign ministers from 10 nations blasted China for building artificial islands in the disputed South China Sea. WCRW is just one of a growing number of stations across the world through which Beijing is broadcasting China- friendly news and programming. Many of these stations primarily broadcast content created or...

  • BEIJING, Nov 2- Zhao Yinong calls China Radio International "a very big client" of his European media group. Zhao, whose media company is based in Finland, spearheads an operation that broadcasts China- friendly programming in Europe on behalf of China Radio International. Asked why China is operating abroad through private companies, Zhao said the initial reason...

  • New Zealand is courting a new trade deal Friday, 30 Oct 2015 | 9:37 AM ET
    Herd of cows in New Zealand, North Island, Auckland.

    New Zealand’s Prime Minister is looking to clinch a free trade agreement with the EU just weeks after finalizing the Trans-Pacific Partnership.

  • New Zealand PM places his bets for Rugby World Cup Friday, 30 Oct 2015 | 8:32 AM ET
    The New Zealand All Blacks perfrom the Haka during the 2015 Rugby World Cup Semi Final match between South Africa and New Zealand.

    New Zealand’s Prime Minister tells CNBC the All Blacks are set to beat Australia’s Wallabies with a comfortable lead.

  • Australia vs New Zealand in rugby final Friday, 30 Oct 2015 | 2:00 AM ET
    Australia vs New Zealand in World Cup final

    John Key, Prime Minister of New Zealand, speaks to CNBC about the sport ahead of this weekend's Rugby World Cup final between Australia and New Zealand.

  • Deutsche Bank laying off 35k Thursday, 29 Oct 2015 | 6:00 AM ET
    Deutsche Bank laying off 35k

    Deutsche Bank is planning to cut 35,000 jobs by 2020 and exit 10 countries as it tries to sharpen its focus.

  • Here's how to play El Nino Wednesday, 28 Oct 2015 | 11:48 PM ET
    In this handout provided by NASA from the the Earth-orbiting International Space Station, weather system Arthur travels up the east coast of the United States, July 2, 2014.

    The El Nino weather pattern sweeping the globe is causing a slew of disruptions, and across markets it's creating some clear winners and losers.

  • ANZ posts slowest FY profit growth since GFC Wednesday, 28 Oct 2015 | 6:42 PM ET
    ANZ posts slowest FY profit growth since GFC

    Mike Smith, CEO of ANZ, says the bank's global markets unit lagged in Q4 as customer activity fell.

  • Is the kiwi rally getting overripe? Monday, 12 Oct 2015 | 12:00 AM ET

    New Zealand's dollar has climbed along with the recent bump in Asian currencies, but some analysts see the rally as just another chance to sell.

  • *China, India not part of TPP deal. SEOUL, Oct 11- Left outside the U.S.-backed Trans-Pacific Partnership trade pact struck last week, China and India approach this week's talks for a huge Asia- wide equivalent with fresh urgency, lest competitor nations steal a march on export access. China's central bank estimates the world's second-largest economy could...