Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.Investingread more
Indonesian Trade Minister Enggartiasto Lukita said all 16 countries negotiating a mega Asia-Pacific trade agreement should remain in the framework.World Economyread more
Stocks in Asia Pacific traded mixed on Monday afternoon, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an...Asia Marketsread more
His comments come after a series of rapid escalations between Washington and Tehran.World Politicsread more
The U.S. is provoking Iran and growing risks of miscalculation could lead to a "world war," according to Malaysia's Prime Minister Mahathir Mohamad.World Politicsread more
Trump's comments come after he called off strikes against the Islamic Republic this week over concerns that a military response would kill scores of people.Politicsread more
Interest rates in New Zealand are at an all-time low and the central bank has signaled it could remain at its current level until 2020 — but the bank is willing to cut rates further if needed, the deputy governor of the Reserve Bank of New Zealand Geoff Bascand told CNBC on Tuesday.
"(If) growth remains very soft, business confidence is very low — if that translates into weaker demand, weaker investment, then it is possible we would need to reduce the rate to provide a bit more stimulus," Bascand, who was at the UBS Australasia conference, told CNBC's Matt Taylor.
At the same time, he added, "we've also seen firms really saying that they are struggling to get hold of the labor that they need. The capacity constraints have been there."
"In the face of that, we're seeing a little bit of cost and price pressure on the horizon and so that also provides some upside risk to our rate track," Bascand said, suggesting that wage inflation could prompt the RBNZ to consider raising interest rates.
The central bank maintained its official cash rate (OCR) at a record low of 1.75 percent for the 14th straight review on Thursday, and has previously indicated it could stay at this level through to 2020.
Bascand said cutting or hiking rates are both options that come with their own risks and noted that the central bank intends to maintain its interest rates while it watches the health of the economy closely.
"Right now, it's best to sit and wait and watch — see how the data unfolds with risks on either side," Bascand said.
— Reuters contributed to the article