GO
Loading...

Enter multiple symbols separated by commas

Business New Zealand

More

  • WELLINGTON, New Zealand— New Zealand's national airline on Wednesday posted a 24 percent jump in annual profit after benefiting from lower fuel costs and continuing its expansion in Asia and North America. Air New Zealand announced after-tax profits of 327 million New Zealand dollars for the year to the end of June. The company said it plans to add routes to...

  • KLX tops 2Q profit forecasts Tuesday, 25 Aug 2015 | 10:18 AM ET

    WELLINGTON, Fla. _ KLX Inc. on Tuesday reported fiscal second-quarter profit of $7.4 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. Four analysts surveyed by Zacks expected $424.9 million.

  • New Zealand PM: Clinch TPP deal soon Sunday, 9 Aug 2015 | 8:20 PM ET
    New Zealand PM: Clinch TPP deal soon

    John Key, Prime Minister of New Zealand, says the Canadian election in October and next year's U.S. presidential election may serve up further obstacles for the Trans-Pacific Partnership (TPP) if a deal isn't done soon.

  • New Zealand PM: Fall in dairy prices is cyclical Sunday, 9 Aug 2015 | 6:49 PM ET
    New Zealand PM: Fall in dairy prices is cyclical

    John Key, Prime Minister of New Zealand, explains why the "perfect storm" in dairy prices will likely be short-lived.

  • RBNZ rate cut was a no-brainer: Motley Fool Wednesday, 22 Jul 2015 | 10:31 PM ET
    RBNZ rate cut was a no-brainer: Motley Fool

    Matt Joass, research analyst at The Motley Fool, says the Reserve Bank of New Zealand made the right move to cut rates considering that the economy has lost its 'rockstar' status.

  • Kiwi dollar's rise will be short-lived: Tempus Wednesday, 22 Jul 2015 | 6:19 PM ET
    Kiwi dollar's rise will be short-lived: Tempus

    John Doyle, director of markets at Tempus, says the New Zealand dollar is seeing a kneejerk reaction to the rate cut and the currency will likely "mellow out" later in the session.

  • 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.

  • This is what the RBNZ will do this week Tuesday, 21 Jul 2015 | 12:15 AM ET
    This is what the RBNZ will do this week

    Khoon Goh, senior FX strategist at ANZ, expects the Reserve Bank of New Zealand (RBNZ) to cut rates by 25 basis points and strike a dovish bias at its policy meeting on Thursday.

  • 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...

  • Soured by milk prices and a likely rate cut, the New Zealand dollar has hit to a five-year low.

  • 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.