Business News New Zealand

  • TOKYO, June 24- The euro advanced to a three-month high against the dollar on Monday, as bearish bets on the U.S. currency remained solid after the Federal Reserve signalled last week it could soon cut interest rates. That weighed on the dollar and in turn reinvigorated its counterparts such as the euro, which has had troubles of its own including Italy's debt...

  • Leaders and representatives pose for a group photo during the 2nd Regional Comprehensive Economic Partnership summit (RCEP) in Singapore on November 14, 2018.

    Indonesian Trade Minister Enggartiasto Lukita said all 16 countries negotiating a mega Asia-Pacific trade agreement should remain in the framework.

  • The dollar trimmed its earlier gains versus the yen on Monday after U.S. President Donald Trump said the United States will impose new sanctions on Iran in response to Tehran's downing of a U.S. drone last week.

  • Aerial view of shipping containers sitting stacked at Lianyungang Port on June 3, 2019 in Lianyungang, Jiangsu Province of China.

    India's reluctance to open up its markets has been a sticking point as Asia Pacific countries negotiate the RCEP mega trade pact.

  • Fed rate cut message adds to ECB's policy easing talk. LONDON, June 20- Euro zone government bond yields fell on Thursday, testing record lows in several cases, after the U.S. It becomes a race to the bottom for global rates markets, a race to the bottom for FX, "said Mizuho's head of rates Peter Chatwell.

  • Fed rate cut message adds to ECB's policy easing talk. LONDON, June 20- Euro zone government bond yields fell on Thursday, testing record lows in several cases, after the U.S. It becomes a race to the bottom for global rates markets, a race to the bottom for FX, "said Mizuho's head of rates Peter Chatwell.

  • TOKYO, June 20- The dollar fell on Thursday, skidding to a six-month low versus the yen, after the U.S. Sterling held on to gains against the dollar ahead of a Bank of England meeting where policymakers are expected to hint at more interest rate hikes. "Sentiment for the dollar is weak," said Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Kokusai Asset...

  • NEW YORK, June 17- The U.S. dollar was modestly lower on Monday on weak economic data, but remained near the two-week high set earlier in the session as investors reconsidered how dovish the Federal Reserve is likely to be at this week's policy meeting. Broader currency markets were quiet, as traders hesitated to put on large positions before the Fed's two-day...

  • Cash dollars

    The U.S. dollar was roughly unchanged on Monday, hovering near the two-week high set earlier in the session as investors reconsidered how dovish the Federal Reserve is likely to be at this week's policy meeting.

  • TOKYO, June 17- The dollar held near a two-week high against its major rivals on Monday ahead of a crucial U.S. While strong U.S. retail sales on Friday reduced the already-low chance of an easing this week and lifted the dollar, investors are betting Fed Chairman Jerome Powell would leave the door open to future rate cuts in light of increasing economic strains.

  • TOKYO, June 17- The dollar hovered near a two-week high early on Monday, as strong U.S. retail sales data tempered some of the fears about a sharp downturn in the world's largest economy. The dollar index versus a basket of six major currencies was little changed at 97.509 after rising to 97.583 on Friday, its highest since June 3. Expectations of an interest rate cut...

  • PARIS, June 16- The U.S. Navy expects additional U.S. and international orders for the Boeing P-8A Poseidon maritime patrol aircraft in coming months, which should extend production by two years to late 2025, a senior U.S. Navy official told Reuters. He said the programme could see about 21 additional orders from the U.S. Navy on top of 117 aircraft already funded,...

  • LONDON, June 14- Debate has erupted within South Africa's ruling African National Congress party about whether to widen the role of the central bank to encompass job creation and economic growth alongside its existing remit of ensuring price stability. Ahead of the South African Reserve Bank's three-day monetary policy committee meeting next month,...

  • LIMA/ MEXICO CITY, June 13- China's Huawei is in the process of potentially launching its "Hongmeng" operating system to replace the U.S. Data from a U.N. body showed that Huawei Technologies Co Ltd is aiming to trademark the OS in at least nine countries and Europe, in a sign it may be deploying a back-up plan in key markets as U.S. sanctions threaten its business model.

  • LIMA/ SHANGHAI, June 13- China's Huawei has applied to trademark its "Hongmeng" operating system in at least nine countries and Europe, data from a U.N. body shows, in a sign it may be deploying a back-up plan in key markets as U.S. sanctions threaten its business model. Huawei- the world's biggest maker of telecoms network gear- has filed for a Hongmeng trademark in...

  • LIMA/ SHANGHAI, June 13- China's Huawei has applied to trademark its "Hongmeng" operating system in at least nine countries and Europe, data from a U.N. body shows, in a sign it may be deploying a back-up plan in key markets as U.S. sanctions threaten its business model. Since then, Huawei- the world's biggest maker of telecoms network gear- has filed for a Hongmeng...

  • June 11- Relativity Space, a venture-backed rocket maker, said on Tuesday it will lease space from NASA in Mississippi, where its gigantic 3 D printers will produce low-cost rockets to be used to launch small-payload satellites into orbit. The lease, for 220,000 square feet at NASAs Stennis Space Center rocket-testing facility, is the latest step for the Los...

  • *Hong Kong protesters want extradition bill scrapped. HONG KONG, June 11- Thousands braved thunderstorms in Hong Kong on Tuesday for a fresh wave of protests against a proposed extradition bill that would allow people to be sent to mainland China for trial, but the Chinese-ruled city's leader said she would not back down. "When the fugitive extradition bill is...

  • President Donald Trump speaks during a press conference with China's President Xi Jinping at the Great Hall of the People in Beijing on November 9, 2017.

    Gary Shapiro of the Consumer Technology Association called tariffs an "economic fence" and said they are "not a good strategy" to deal with China.

  • LONDON, June 7- After almost three years of successfully predicting a global economic revival, world bond markets are furiously flagging the risk of yet another recession, as well as low inflation for a generation. Spooked by the escalating U.S.- China trade war, long-term interest rates embedded in government bond markets- widely seen as the most accurate...