Business News New Zealand

  • WELLINGTON, Feb 24- New Zealand has extended for eight days a ban on arrivals from mainland China, Prime Minister Jacinda Ardern said on Monday, carrying into its fourth week an effort to block exposure to the coronavirus. Fears grew that the outbreak would grow into a pandemic with disruptive and deadly consequences for the rest of the world following sharp...

  • WELLINGTON, Feb 24- New Zealand has extended a ban on arrivals from mainland China into a fourth week to contain the risk of exposure to the coronavirus, Prime Minister Jacinda Ardern said on Monday. The ban has been extended by a further eight days and would be reviewed after that, Ardern told a news conference. New Zealand so far has no confirmed cases of the virus in...

  • MILAN, Feb 20- Prada celebrated the "pluralism and complexities of female identities" at its Fall/Winter show in Milan on Thursday, with designs ranging from strict tailoring to fringed and sequinned dresses. Pastel-colored Wellington boots were paired with puffer jackets and pencil skirts. In show notes creative director Miuccia Prada, who runs the company...

  • Feb 13- British Prime Minister Boris Johnson has postponed a trip to the United States to meet U.S. The decision to delay the trip would be a further blow to relations between the close allies who are set to begin discussing a trade deal, which Britain hopes will be one of the biggest prizes from its departure from the European Union. One of the biggest strains...

  • Feb 13- British Prime Minister Boris Johnson has canceled a trip to the United States to meet U.S. British media reported late in December that Trump had invited Johnson to visit him in the White House in the new year. Trump had said Britain and the United States were now free to strike a "massive" new trade deal after Brexit.

  • CHICAGO, Feb 13- Kraft Heinz Co on Thursday missed quarterly sales estimates, forecast lower full-year core earnings, and wrote down the value of some businesses- including coffee brand Maxwell House- by $666 million. The Chicago- based company also highlighted "very, very volatile" pork prices due to problems in China including the deadly coronavirus, African...

  • CHICAGO, Feb 13- Kraft Heinz Co on Thursday missed quarterly sales estimates, forecast lower full-year core earnings, and wrote down the value of some businesses- including coffee brand Maxwell House- by $666 million. Shares in Kraft Heinz, which makes Philadelphia cream cheese and Planters peanuts, were down 7.7% in morning trading. Kraft Heinz took a $453...

  • CHICAGO, Feb 13- Kraft Heinz Co on Thursday missed quarterly sales estimates due to lower demand for products like bacon and cheese, and wrote down the value of some businesses- including coffee brand Maxwell House- by $666 million. Thursday's results mark the one-year anniversary of Kraft Heinz reporting a surprise loss and taking a $15.4 billion writedown of...

  • Kraft Heinz posted net earnings of $183 million, or 15 cents per share, compared with a loss of $12.63 billion, or $10.30 cents per share the year earlier. The Chicago- based company, which also makes Philadelphia cream cheese and Jell-O, said sales fell to $6.54 billion from $6.89 billion in the fourth quarter ended Dec. 28, short of the analyst estimate of $6.61...

  • *In talks with Iceland government, power provider. Feb 12- Rio Tinto on Wednesday said it may cut operations or shut down its aluminum smelter in Iceland, as it struggles to generate profits at the site because of tough conditions in the aluminum market and high power costs. Rio said it will complete a strategic review of the smelter in the first half of 2020 and...

  • *In talks with Iceland government, power provider. Feb 12- Rio Tinto on Wednesday said it may cut operations or shut down its aluminium smelter in Iceland, as it struggles to generate profits at the site because of tough conditions in the aluminium market and high power costs. Rio said it will complete a strategic review of the smelter in the first half of 2020 and...

  • Pedestrians walk past the Reserve Bank of New Zealand headquarters in Wellington, New Zealand, on Thursday, Sept. 13, 2012.

    RBNZ said the overall economic effects of the outbreak in New Zealand would be of a short duration, with most of the impact likely in the first half of 2020.

  • The World Health Organization said overnight that the spread of cases among people who have not been to China could be "the spark that becomes a bigger fire". Coronavirus has killed 1,016 people in mainland China, Chinese health officials said on Monday, though they also reported a drop in the number of daily new cases. The greenback touched a three-month high of...

  • LONDON, Feb 6- Britain is seeking far-reaching reductions in tariffs from a trade deal with the United States, trade minister Liz Truss said on Thursday, setting out the broad aims of a post-Brexit push to secure new free-trade agreements. Britain plans to begin negotiating deals with the United States, Japan, Australia and New Zealand in the coming months,...

  • TOKYO, Feb 6- Ten more people on a quarantined cruise liner in a Japanese port have tested positive for coronavirus, officials said on Thursday, taking the number of infected passengers to 20 with test results on more than 170 still pending. About 3,700 people are facing at least two weeks quarantine on the Diamond Princess ship in Yokohama, south of Tokyo, after 10...

  • *Death toll in mainland China rises by 65, new daily record. China's National Health Commission said another 65 people had died as of Tuesday, a new daily record taking the toll on the mainland to 490, most in and around the locked-down central city of Wuhan, where the virus emerged late last year. There have been two deaths outside mainland China, both following...

  • *Death toll in mainland China rises by 65, new daily record. *American Airlines, United suspend flights to Hong Kong. There have been two deaths outside mainland China, both following visits to Wuhan.

  • Feb 5- The death toll from a coronavirus outbreak in China passed 490 on Wednesday, as two U.S. airlines suspended flights to Hong Kong following the first fatality there and 10 cases were confirmed on a cruise ship quarantined in Japan. *The death toll in China rose to 490 on Tuesday, up by a record 65 from the previous day, the National Health Commission said on...

  • *China Jan exports seen -4.8% y/y, imports -6.0% y/y. *Data due Friday, Feb 7. BEIJING, Feb 5- China's exports and imports likely fell in January after a brief rebound at the end of last year, a Reuters poll showed, and a rapidly spreading virus outbreak could disrupt its global trade for months to come.

  • *Death toll in mainland China rises by 65, new daily record. BEIJING, Feb 5- The death toll from a coronavirus outbreak in China passed 490 on Wednesday, as two U.S. airlines suspended flights to Hong Kong following the first fatality there and 10 cases were confirmed on a quarantined Japanese cruise ship. There have been two deaths outside mainland China.