Business News New Zealand

  • TOKYO/ SYDNEY, Oct 17- Asian stocks barely moved on Thursday as soft U.S. retail sales data raised fears about the health of the world's largest economy, sucking the steam out of a five-session rally, while hopes of a Brexit deal kept sterling volatile. That left MSCI's broadest index of Asia-Pacific shares outside Japan slightly higher with gains largely led by...

  • MANILA, Oct 15- Australia's OceanGold Corp warned of lower output this year after it suspended production at its Didipio gold and copper mine in the Philippines citing a dispute with local government. The company also revised its guidance for all-in sustaining costs to $1,040- $1,090 per ounce sold, from $850- 900 previously. "With the timing of the Court of...

  • WELLINGTON, Oct 15- New Zealand Prime Minister Jacinda Ardern is pleased with her government's progress, she said on Tuesday, after two closely watched opinion polls showed support for her ruling coalition at its lowest since 2017, and her own popularity waning. Support for the centre-left coalition government has dropped to its worst since 2017, while the...

  • NEW DELHI, Oct 14- China's Huawei Technologies is ready to enter into a "no backdoor" agreement with India to allay security concerns, the telecom group's local head said on Monday, as the giant South Asian country prepares to launch next generation 5 G networks. India, the world's second-biggest wireless market by users, will hold an airwaves auction for 5 G...

  • LONDON, Oct 14- Climate activists targeted BlackRock, the world's biggest asset manager, in London on Monday, demanding that major financial institutions starve fossil fuel companies of the money they need to build new mines, wells and pipelines. Activists thronged the financial heart of London on Monday, unfurling banners, addressing passersby by megaphone...

  • *Walmart U.S. head Greg Foran to be AirNZ CEO from Q1 2020. *Foran to be replaced at Walmart U.S. by Sam's Club boss Furner. Oct 11- Air New Zealand Ltd named Walmart U.S. boss Greg Foran as its new chief executive on Friday, bringing him back home at a time the airline is trying to control costs in a lower-growth environment.

  • WASHINGTON, Oct 10- Walmart Inc said on Thursday its chief executive for U.S. operations, Greg Foran, will leave the company early next year and be replaced by the head of its Sam's Club warehouse chain unit, John Furner. Furner's work at Sam's Club... he does admittedly have big shoes to fill, "said a note from Jefferies Group LLC. Furner has run the $57.8 billion Sam's Club...

  • LONDON, Oct 10- The dollar weakened broadly against its rivals on Thursday as the progress of trade negotiations between the United States and China kept markets on edge with the prospects of a partial deal fueling appetite for trade-oriented currencies. The Australian and New Zealand dollars led gains against the greenback after Bloomberg reported the...

  • SINGAPORE, Oct 9- The dollar steadied on Wednesday as hopes for a breakthrough in U.S- China trade talks waned, sending investors into less risky assets, while the pound wallowed near a month low on deepening uncertainty over Brexit. The U.S. imposition of visa restrictions on Chinese officials, and the blacklisting of Chinese firms, over the treatment of Muslim...

  • SINGAPORE/ TOKYO, Oct 8- The dollar found support on Tuesday while investors awaited the outcome from crucial Sino-U.S. trade talks in Washington, with many staying cautious as neither side has shown signs of giving ground at the negotiations. The Australian and New Zealand dollars, whose fortunes are often linked with global trade, edged higher as some...

  • President Donald Trump on Monday called his new trade deal with Japan "a game changer for our farmers and our ranchers." But don't expect America's Land O'Lakes butter to knock New Zealand's Anchor or France's President brands off store shelves in Japan, the world's third-largest economy. But Japan refused to grant the United States access to the TPP-wide...

  • WASHINGTON, Oct 7- The new U.S.- Japan trade deal will provide staged reduction of Japanese tariffs for more than $2 billion worth of U.S. beef and pork, matching access now granted to the 11 Trans-Pacific Partnership trade pact countries, a text of the agreement shows. The move left U.S. farmers and food producers at a disadvantage in the Japanese market to...

  • President Donald Trump has called his new trade deal with Japan a "phenomenal" victory for U.S. farmers. But don't expect America's Land O'Lakes butter to knock New Zealand's Anchor or France's President brands off store shelves in Japan, the world's third largest economy. When the United States pulled out, that left more space for brands like Anchor or...

  • Oct 3- Australian shares dropped more than 2% on Thursday, losing about A $44 billion in value, as Washington's move to slap tariffs on Europe and weak U.S. data added to escalating fears over slowing global economic growth. Overnight, the United States said it will slap tariffs on $7.5 billion worth of goods from the European Union, threatening to spark a...

  • Oct 3- Australian shares dived on Thursday, wiping out about A $42 billion in value as more weak U.S. data fanned worries about an economic slowdown there, made worse by Washington's latest trade salvo- this time against Europe. Overnight, the United States said it will impose tariffs on $7.5 billion worth of goods from the European Union, triggering a shakeout in...

  • *U.S.- China trade talks in focus. NEW YORK, Sept 30- The euro fell to its lowest in two-and-a-half years against the U.S. dollar on Monday as concerns about euro zone growth weighed on the single currency, while the greenback benefited from seasonal demand and uncertainty arising from the U.S.- China trade war. The German CPI print this morning was a little bit on...

  • Japanese sportswear firm Asics' logo seen in Shanghai.

    Asics said hackers had managed to gain access to its IT systems and displayed "objectional content" on the monitors outside the store.

  • *New Zealand dollar down after business confidence drop. LONDON, Sept 30- The dollar held near recent highs on Monday as uncertainty over the U.S.- China trade war encouraged investors to move into the safety of the greenback, while the New Zealand dollar slid to a 4- year low after business confidence tumbled. Worries that negotiations between China and the...

  • *Thunberg hits back at critics, addresses Montreal rally. MONTREAL/ THE HAGUE, Sept 27- Teenage activist Greta Thunberg hit back at critics including U.S. The 16- year-old Swede also told a huge Montreal rally that world leaders had disappointed young people with empty words and inadequate plans.

  • SINGAPORE, Sept 27- The dollar stood tall on Friday, holding near multi-week highs against most major currencies as heightened risks from political tensions to the Sino-U.S. trade war increased its safe-haven lustre. The greenback also steadied against the Australian dollar, near its strongest in three weeks, while it regained some ground handed to the New...