Business News New Zealand

  • *FTSE trading starts after technical problem delays open. Aug 16- European shares churned higher on Friday, boosted by positive investor sentiment after China hinted of plans to spur economic growth while chipmaker stocks in the region propped up markets, helped by solid earnings news from U.S. counterparts. Markets were jarred earlier after London's FTSE 100...

  • A police officer in New Zealand on July 13, 2019.

    The attack on the two tourists occurred at around 3.20 am in Raglan, a coastal town in the Waikato region of New Zealand's North Island.

  • WELLINGTON, Aug 16- New Zealand police launched a manhunt for an armed suspect on Friday after an Australian tourist was found shot dead in a camper van in a coastal town on the North Island. The attack on the two tourists occurred at around 3.20 am in Raglan, a coastal town in the Waikato region of New Zealands North Island. New Zealand is a popular tourist...

  • *Gold sector holds firm as investors seek safety. Aug 15- Australian shares tumbled on Thursday after an inversion in the U.S. bond yield curve flashed warning signals to investors that the global economy faces severe risks. It had fallen 2.1%, or 135.9 points, to 6,459.9 by 0200 GMT.

  • *Singapore sees 2019 growth at zero to 1%. SINGAPORE, Aug 13- Singapore slashed its full-year economic growth forecast on Tuesday as global conditions were seen worsening and data confirmed the slowest growth rate in a decade amid mounting fears of recession in the city-state. The government cut its forecast range for gross domestic product in Singapore- often...

  • OSLO, Aug 12- Thanks, Norway's central bank is expected to keep interest rates on hold on Aug. 15 while signaling that a hike will likely follow later this year amid solid growth, above-target inflation and currency weakness, a Reuters poll of economists showed. Waging an increasingly lonely campaign, Norges Bank has raised rates three times since September and...

  • Aug 9- Gold prices steadied on Friday, on course for their best week in over three years, as dovish central banks, escalating U.S.- China trade tensions and negative debt yields around the globe kept prices close to $1,500 per ounce. Spot gold was down 0.1% at $1,498.97 per ounce at 1:56 p.m. EDT after it broke through $1,500 for the first time since April 2013...

  • *Thousands protest at Hong Kong airport. HONG KONG, Aug 9- Hong Kong's protests could hit the economy like a tsunami, the city's leader said on Friday, pledging daring economic reforms in response, even as activists geared up for marches through the sweltering weekend. Flanked by business leaders, embattled Chief Executive Carrie Lam, told reporters that...

  • Aug 9- Gold was on course for its biggest weekly gain in more than three years on Friday as it held above $1,500 an ounce on heightened trade tensions between Washington and Beijing. Spot gold was up 0.2% at $1,502.57 per ounce at 0847 GMT, after it surpassed $1,500 for the first since April 2013 earlier this week. We don't rule out technical corrections, but $1,500 is...

  • HONG KONG, Aug 9- Demonstrators crowded the arrivals hall at Hong Kong airport on Friday, handing out anti-government leaflets and waving banners in a dozen languages in a bid to raise awareness among visitors ahead of weekend rallies planned across the city. "Please forgive us for the' unexpected' Hong Kong," the English leaflets read. Yet for this Hong Kong, we fight ".

  • *New Zealand, India, Thailand, Philippines cut rates this week. SYDNEY, Aug 9- Central banks in Asia, Australia and New Zealand have joined a brewing global currency war by slashing interest rates and pledging to keep them down, worrying markets over the risk of a chase to the bottom. "A higher exchange rate would be hurting many, many sectors across our economy," Reserve...

  • HONG KONG, Aug 9- Demonstrators crowded the arrivals hall at Hong Kong airport on Friday, handing out anti-government leaflets and waving banners in a dozen languages in an effort to raise awareness among visitors ahead of a weekend of protests planned across the city. "Please forgive us for the' unexpected' Hong Kong," the English leaflets read.

  • Aug 9- Gold prices rose on Friday, holding above the key $1,500 per ounce pivot, as fresh concerns about the U.S.- China trade dispute and worries over global economic slowdown lifted demand for the safe-haven metal. *Trade tensions between the United States and China further escalated after a report that Washington is delaying a decision about licenses for U.S....

  • *Investors skeptical U.S.- China dispute to be resolved soon. Chinese imports fell less than forecast, despite the U.S.- China trade war. Markets went into a tailspin on Monday after China let its currency weaken beyond 7 yuan per dollar, a surprise move that investors took as retaliation for U.S.

  • *Euro briefly bid on report Germany to issue new debt. NEW YORK, Aug 8- The dollar index edged higher on Thursday and China's currency strengthened after the Chinese central bank fixed the yuan at a stronger level than expected, boosting risk appetite. "Last night fixed over 7 and markets seem to be taking that fairly well, so perhaps some calm is installed in the...

  • RUSSELLVILLE, ARK., Aug 8- Two years ago, Americas white nationalist movement stunned the country. "The strategy is internally focused now having families get together," said alt-right blogger Brad Griffin, a self-avowed white nationalist from Montgomery, Alabama. "Its a lot more fun to do that than to go out and tangle with Antifa" members of Americas far-left "...

  • *Euro briefly bid on report Germany to issue new debt. "Last night fixed over 7 and markets seem to be taking that fairly well, so perhaps some calm is installed in the market at least for the very near term," said Mazen Issa, senior FX strategist at TD Securities in New York. On Monday, China allowed its currency to weaken past 7 per dollar for the first time since 2008,...

  • LONDON, Aug 8- Global investors are flocking towards the safety of the dollar, euro and yen and prime-rated government bonds as fears of a recession and a downturn in equity valuations surge. The 3- month to 10- year segment of the curve has been continuously inverted for 2-1/ 2 months so far with long rates now 34 basis points below the short end, the most extreme...

  • Aug 8- Gold eased slightly on Thursday after a surge above $1,500 for the first time since April 2013 in the previous session in response to U.S.- China trade uncertainties and growing signs of an economic slowdown. Political tensions continue to exist, the trade war is still going on, so I would not be surprised to see higher prices "said Afshin Nabavi, senior vice...

  • LONDON, Aug 8- The dollar steadied on Thursday as risk sentiment rose after resilient Chinese trade data and as Beijing's efforts to slow a slide in the value of the renminbi encouraged investors to buy riskier currencies. "The recent comments from Chinese officials suggest they want to stabilise their currency, otherwise a sharp currency drop may fuel capital...