Business New Zealand

WELLINGTON, New Zealand— New Zealand's lawmakers and public employees were told Tuesday to cancel all nonessential flights to and from Auckland as a fuel shortage at the nation's largest airport continued to disrupt the travel plans of thousands of people. The main pipeline that carries jet fuel to Auckland Airport ruptured last week. He said he'd told...

WELLINGTON, New Zealand— A rupture in the main pipeline carrying jet fuel to New Zealand's largest airport has disrupted the travel plans of thousands of people and is expected to cause further flight cancellations and delays into next week. New Zealand's military has stepped in to help by offering a naval tanker and truck drivers to transport fuel and by...

Sept 7- New Zealand's two main parties are neck and neck in opinion polls after the appointment of a charismatic leader boosted the opposition Labour Party, threatening the governing National Party's decade-long hold on power. New Zealand's once booming economy is facing some capacity constraints. To form a government, National may be more dependent on New...

WELLINGTON, Sept 1- Investors in New Zealand's financial markets are suddenly having to price in political risk after a decade of stability, as a nailbiting election race looks set to trigger a shake-up of economic and monetary policy. The New Zealand dollar slumped to a three-month low on Thursday after an opinion poll showed the opposition Labour party, had...

WELLINGTON, Sept 1- Investors in New Zealand's financial markets are suddenly having to price in political risk after a decade of stability, as a nailbiting election race looks set to trigger a shake-up of economic and monetary policy. The New Zealand dollar slumped to a three-month low on Thursday after an opinion poll showed the opposition Labour party, had...

SYDNEY, Aug 29- The 11 countries committed to the Trans-Pacific Partnership are considering amendments to the trade deal, three sources said on Tuesday, as officials meet in Sydney for talks to re-energize the stalled agreement. Among the areas being discussed, Vietnam has raised the prospect of changes to labor rights and intellectual property provisions in...

LONDON, Aug 28- An already weak dollar dropped to 16- month lows against a basket of major currencies on Monday, as flooding caused by Tropical Storm Harvey paralyzed the United States fourth-biggest city and drove worries about a hit to the economy. Federal Reserve Janet Yellen failed to mention monetary policy at the closely watched Jackson Hole meeting in...

*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, 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...