Business
New Zealand
*Cathay sees smaller drop in ticket prices in second half of year. SINGAPORE, Aug 17- Cathay Pacific Airways Ltd shares rose as much as 6 percent on Thursday, as analysts said they believed losses had bottomed for the Hong Kong airline after it reported its worst first-half result in at least two decades. "We see some bottom out effect in some routes in terms of lower...
WELLINGTON, New Zealand— New Zealand's trade minister said Thursday he believes there's an odds-on chance that a group of 11 Pacific nations including Japan and Australia will sign a free-trade deal, despite the U.S. pulling out. He announced that the New Zealand government had approved a mandate for the country to push ahead with negotiations.
Mid-sized cities with developed economies and low population densities performed well in the index, says Stefano Scuratti of EIU Consulting.
Richard Murray, CEO of JB HI-FI, talks about the factors contributing to the retailer's strong full-year performance.
Australian Deputy PM Barnaby Joyce said he may be ineligible for parliament after being told he may have dual New Zealand citizenship.
Trump should adopt the measured style of Secretary of State Rex Tillerson in dealings with Pyongyang, strategists warned.
WELLINGTON, Aug 8- Rocket Lab, a Silicon Valley- funded space launch company, said a contractor's error was to blame for its maiden flight failing to reach orbit in May, but that the problem had been fixed ahead of another planned launch in the next two months. After trawling through thousands of pieces of data, Rocket Lab said in an emailed statement that an unnamed...
WELLINGTON, July 25- Britain's Foreign Secretary Boris Johnson on Tuesday appeared to deny there was any infighting within the governing Conservative party during a visit to New Zealand, where he said the country was near the top of the queue for a trade deal post-Brexit. Britain kicked off a first full round of negotiations with the European Union last week, a...
WELLINGTON, July 19- The Reserve Bank of New Zealand has considered more regulation aimed at fighting cyber crime, which poses a "significant threat" to the global financial system, but it will not introduce them at this stage, the head of prudential supervision said. "We doubt that prescriptive regulations would appreciably improve the outcome, when the...
Inflation in New Zealand slowed by more than expected in the second quarter, sending the local dollar sharply lower.
As the 11 remaining TPP states discuss how to ink a trade deal without Washington, certain member states still need convincing to stay on board.
Virgin Australia has made a play for the lucrative Chinese tourist market, adding new flights between Hong Kong and Down Under.
Moody's said it has revised its outlook for Asia Pacific banks to "stable" from "negative", reflecting improving operating conditions and credit cycle.
WELLINGTON, June 22- New Zealand's central bank on Thursday played down the recent rise in the New Zealand dollar and shrugged off weaker economic growth at the start of the year, as it kept interest rates steady at record lows for a fourth consecutive rate review. New Zealand has been among the best-performing advanced economies in recent years.
By Ana Nicolaci da Costa and Charlotte Greenfield. WELLINGTON, June 22- New Zealand's central bank on Thursday played down the recent rise in the New Zealand dollar and shrugged off weaker economic growth at the start of the year, as it kept interest rates steady at record lows for a fourth consecutive rate review. New Zealand has been among the best-performing...
New Zealand's central bank kept its benchmark interest rate at a record low of 1.75 percent on Thursday.
WELLINGTON, June 20- Air New Zealand said on Tuesday that its passenger numbers had grown in May and that a decline in a key revenue measure had moderated, helping its shares climb 3 percent to a 16- year high. "If you start looking at the trend in recent months its turned a lot more positive than it was at the start of the year or late last year," said Andy Bowley, Wellington-...
Australia's biggest banks - the Big Four - won;t face any pressure on funding costs in the wake of a downgrade by Moody's Investors Services, a Deutsche Bank analyst says.
WELLINGTON, June 20- Air New Zealand said on Tuesday that it had signed four contracts with the U.S. Navy worth up to $42 million to service its fleet's gas turbine engines. The airline said in a statement to the New Zealand stock exchange that its Auckland- based gas turbine repair unit would provide maintenance and servicing of the U.S. Navy's engines over the next...
China's economic rise and its mega projects may spur conspiracy theories, but the AIIB said it does not just serve Chinese interests.
