Business New Zealand

  • WELLINGTON, Sept 21- New Zealand's immigration boom struck a record with 125,000 newcomers landing in the 12 months through August, yet shortages of skilled labor in hot sectors like tech and construction is fueling criticism of government policies. "The key issue around migration is what is the- for want of a better word- the quality of the people that we bring in,"...

  • Treasury Secretary Jack Lew speaks on U.S.-Africa Trade and Investment before a forum hosted on the occasion of the 71st session of the UN General Assembly and is co-hosted by the U.S. Department of Commerce and Bloomberg Philanthropies- 1805 GMT. DUBLIN- Bank of England's executive director of insurance supervision, David Rule, at the General Insurance...

  • Treasury Secretary Jack Lew speaks on U.S.-Africa Trade and Investment before a forum hosted on the occasion of the 71st session of the UN General Assembly and is co-hosted by the U.S. Department of Commerce and Bloomberg Philanthropies- 1805 GMT. DUBLIN- Bank of England's executive director of insurance supervision, David Rule, at the General Insurance...

  • Young men who were the first to purchase the iPhone 7 pose with their phones at the Apple Store on September 16, 2016 in Sydney, Australia.

    The law of supply and demand ruled in Hong Kong, as Apple fans queued to be among the first in the world to get their hands on an iPhone 7.

  • New Zealand's economy grew slightly less than expected in the second quarter but the solid output figures may temper rate cut expectations.

  • This New Zealand wine is popular in the UK

    Kevin Judd, founder of Greywacke, reveals the story behind his wine label's name, as well as the most popular export markets for Greywacke wines.

  • New Zealand PM defends high immigration rate

    Prime Minister John Key argues some unemployed locals are drug-taking layabouts.

  • A vineyard in Marlborough, New Zealand.

    New Zealand's Prime Minister John Key has taken an unusual approach to defending the country's high immigration rate.

  • Bill Ackman

    The billionaire investor's portfolios were boosted by strong gains at drug company Valeant Pharmaceuticals.

  • BOSTON, Sept 1- Billionaire investor William Ackman's portfolios climbed nearly 6 percent in August, boosted by strong gains at drug company Valeant Pharmaceuticals International Inc where changes that the hedge fund manager has helped push for appear to be instilling new confidence. Jana Partners, an activist fund like Ackman's Pershing Square, was up 1...

  • FILE - In this Feb. 22, 2012 file photo, Kim Dotcom, the founder of the file-sharing website Megaupload, comments after he was granted bail and released in Auckland, New Zealand. In the eyes of New Zealand immigration authorities in 2010, Kim Dotcom's money trumped his criminal past. Documents released to The Associated Press this week under New Zealand public records laws show that immigration officials granted the Megaupload founder residency that year after deciding the money he could bring t

    Internet entrepreneur Kim Dotcom will be allowed to livestream his legal bid to halt his extradition to the United States, a New Zealand judge ruled.

  • Rocket Lab

    Located in New Zealand and developed by U.S.-New Zealand firm Rocket Lab, the site's completion means companies can soon launch satellites into space for cheap.

  • Investors yearning higher yields while keeping a lid on risks have had a hard time of late, but Kiwi bonds may come to the rescue.

  • NZ Bonds

    New Zealand's interest rate differential compared with the rest of the world makes Kiwi bonds attractive, notes Jeremy Sullivan of Hamilton Hindin Greene.

  • SHANGHAI, China, Aug 12- As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him. The previous day, he had introduced himself to a roomful of potential customers in the hotel as the new London head of a foreign currency trading platform whose website offered very high returns.

  • SHANGHAI, China, Aug 12- As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him. The previous day, he had introduced himself to a roomful of potential customers in the hotel as the new London head of a foreign currency trading platform whose website offered very high returns.

  • WELLINGTON, Aug 12- The Reserve Bank of New Zealand said on Friday it was delaying the start of proposed changes to property investment loan-to-value restrictions nationwide by a month to Oct. 1, in response to feedback from the banking sector. New Zealand house prices have increased by around 50 percent since 2010, driven by strong immigration, low mortgage...

  • Central Banks

    The RBNZ needed to consider how much lower can it cut record-low cash rates in order to derive a weaker kiwi, says UOB's Alvin Liew.

  • WELLINGTON, Aug 11- The Reserve Bank of New Zealand cut interest rates a quarter point to a record low of 2.0 percent on Thursday and flagged the need for more cuts as it struggles to head off the dangers of deflation at home. "Central banks are' reluctant cutters' as they head towards lower bounds," said Jarrod Kerr, a senior interest rate strategist at Commonwealth...

  • New Zealand's central bank cut benchmark interest rate by 25bps to 2.0 percent and indicated at least one more rate cut would be needed.