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Business New Zealand

  • Zorro the Pig Can Surf!

    A 2-month old pig in New Zealand named Zorro can surf, with the "Power Lunch" Crew.

  • Air New Zealand Unveils Giant Flying Hobbit

    Call it something of a Hobbit fixation, but Air New Zealand has turned its newest aircraft into a flying billboard for the movie "The Hobbit: An Unexpected Journey." The GlobalPost reports.

  • Opinion polls showed incumbent Barack Obama and Republican challenger Mitt Romney in a dead heat, although the president has a slight advantage in several swing states. If Congress cannot agree new arrangements, about $600 billion in government spending cuts and higher taxes will kick in early next year, all of which could hurt U.S. economic growth.

  • WASHINGTON, Nov 2- The contentious U.S.- China trade relationship has been a major issue in the U.S. race for the White House, with President Barack Obama defending his record and Republican challenger Mitt Romney promising tougher tactics if elected.

  • At a meeting in Australia, the United States and New Zealand were rebuffed after submitting a joint proposal to protect the Ross Sea, which is considered one of the most pristine oceans in the world. But at the Australian meeting, some nations, including Russia, the Ukraine and China, balked at the proposal.

  • *New Zealand carbon prices plummet. WELLINGTON, Nov 2- Just two years after expanding a scheme that was feted as the world's only emissions trading scheme outside of Europe, New Zealand has effectively put the scheme on hold, just as other nations step into the carbon trading arena.

  • SYDNEY, Nov 2- The safe-haven yen stayed under pressure on Friday, while commodity currencies held solid gains as investors bet on an upbeat U.S. payrolls report after private employers added jobs at the fastest pace in eight months.

  • *Yen dips as risk appetite increases, Japan outlook weighs. NEW YORK, Nov 1- The U.S. dollar rose against the yen, while commodity-linked currencies also firmed on Thursday as risk appetite improved after better-than-expected U.S. jobs data, which suggested the world's largest economy was on a more stable path to recovery.

  • *Yen dips as risk appetite increases, Japan outlook weighs. NEW YORK, Nov 1- The U.S. dollar rose against the yen, while commodity-linked currencies also firmed o n T hursday as risk appetite improved after better-than-expected U.S. jobs data, which suggested the world's largest economy was on a more stable path to recovery.

  • Sandy Won't Dent the Dollar: Pro

    The dollar's safe-haven status is just one factor that will keep it strong as Hurricane Sandy's floodwaters recede.

  • Oct 29- Visitor arrivals in Hong Kong in September rose 18.8 percent from a year earlier to about 3.79 million, data from the Hong Kong Tourism Board showed on Monday.

  • WELLINGTON, New Zealand-- New Zealand says it will offer residency to all the military translators it employs in Afghanistan. Defense minister Jonathan Coleman on Friday announced New Zealand will offer resettlement packages to 23 Afghan interpreters and their immediate families, a total of about 73 people.

  • WELLINGTON, New Zealand-- New Zealand dairy giant Fonterra is launching a fund on the New Zealand and Australian stock markets worth at least 500 million New Zealand dollars. Fonterra chairman Henry van der Heyden says the listing will provide the cooperative with capital security while preserving 100 percent farmer control and ownership.

  • *Rebound in UK growth helps push sterling higher. SYDNEY, Oct 26- The yen languished at four-month lows versus the dollar on Friday, on track for a second week of losses as markets geared up for the Bank of Japan to ease policy next week, while a rebound in UK growth helped shore up sterling. The dollar rose to 80.38 yen, bringing into view the June peak of 80.63.

  • BLOOMFIELD HILLS, Mich.-- TriMas Corp., which makes packaging materials, aerospace components and other engineered parts, said Thursday that its third-quarter net income rose 2 percent, bolstered by acquisitions in Brazil and New Zealand.

  • LONDON, Oct 25- The dollar hit a four-month high against the yen on Thursday as expectations of more monetary easing from the Bank of Japan kept the Japanese currency under broad pressure. The euro also rose against the yen, helped by European Central Bank President Mario Draghi's robust defence of his bond-buying plan before German lawmakers.

  • BANGKOK-- World stock markets mostly rose Thursday as investors kept their sights on a possible improvement in China's economy. Britain's FTSE rose 0.5 percent to 5,836.92. Wall Street appeared headed for a day of gains, with Dow Jones industrial futures rising 0.4 percent to 13,078 and S&P 500 futures adding 0.6 percent to 1,413.20.

  • SINGAPORE, Oct 25- The dollar edged higher versus the yen on Thursday as the yen stayed under pressure on expectations for more Bank of Japan monetary easing, while a less-dovish-than-expected New Zealand central bank gave the kiwi dollar a boost.

  • SYDNEY, Oct 25- The dollar drifted off a two-week peak against a basket of major currencies on Thursday after the Federal Reserve stuck to its stimulus progamme, while a less-dovish-than-expected New Zealand central bank gave the kiwi dollar a boost. As a result, the euro climb off a near two-week low of $1.2921 to $1.2970.

  • WELLINGTON, New Zealand-- A former New Zealand coal mine boss pleaded not guilty Thursday to 12 labor law violations involving the underground explosion nearly two years ago that killed 29 miners.