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Business New Zealand

  • Dec 7- Air New Zealand Ltd became the latest airline to suffer from problems with Rolls- Royce Trent 1000 engines, saying on Thursday that "two recent events" had prompted it to cancel or delay some flights over the coming weeks. The shorter lifespans of the engines are creating a supply shortage in the industry which is also affecting British Airways and Virgin...

  • Air New Zealand did not disclose the nature of the two events, but the New Zealand Transport Accident Investigation Commission said it was investigating two events involving "engine abnormalities" on Air New Zealand aircraft this week. The Aviation Herald reported on Tuesday that an Auckland- Tokyo flight had returned to its base after take-off due to an...

  • **WASHINGTON- Senate Banking Committee meets in executive session to vote on the nomination of Jerome Powell to be chairman of the Federal Reserve Board of Governors- 1500 GMT BRUSSELS- ECB Vice-President Vitor Constancio participates in ECOFIN meeting in Brussels, Belgium. FRANKFURT- Bundesbank President Jens Weidmann and Singapore Deputy Prime Minister...

  • **BRUSSELS- ECB President Mario Draghi and ECB executive board member Benoit Coeure participate in Eurogroup meeting in Brussels, Belgium. TOKYO- Bank of Japan Governor Haruhiko Kuroda and European Central Bank board member Francois Villeroy de Galhau speaks at a seminar in Tokyo 0400 GMT. TOKYO- ECB board member and Bank of France Governor Francois Villeroy de...

  • **BRUSSELS- ECB President Mario Draghi and ECB executive board member Benoit Coeure participate in Eurogroup meeting in Brussels, Belgium. TOKYO- Bank of Japan Governor Haruhiko Kuroda and European Central Bank board member Francois Villeroy de Galhau speaks at a seminar in Tokyo 0400 GMT. TOKYO- ECB board member and Bank of France Governor Francois Villeroy de...

  • **BRUSSELS- ECB President Mario Draghi and ECB executive board member Benoit Coeure participate in Eurogroup meeting in Brussels, Belgium. TOKYO- Bank of Japan Governor Haruhiko Kuroda and European Central Bank board member Francois Villeroy de Galhau speaks at a seminar in Tokyo 0400 GMT. TOKYO- ECB board member and Bank of France Governor Francois Villeroy de...

  • **BRUSSELS- ECB President Mario Draghi and ECB executive board member Benoit Coeure participate in Eurogroup meeting in Brussels, Belgium. TOKYO- Bank of Japan Governor Haruhiko Kuroda and European Central Bank board member Francois Villeroy de Galhau speaks at a seminar in Tokyo 0400 GMT. TOKYO- ECB board member and Bank of France Governor Francois Villeroy de...

  • Currency charts predict that UK will win the Ashes: ING strategist

    ING FX Strategist Viraj Patel speaks about the trajectory of the Australian dollar.

  • *Alert follows Japan issuing La Nina warning. Nov 22- Australia's Bureau of Meteorology has issued an alert for a La Nina weather event starting next month, saying the chance it would take place was triple the normal likelihood. "This could lead to a colder-than-usual winter in the northern, which would be positive for coal and gas demand," said Ralph Leszczynski,...

  • *Fonterra says Sept shipments to China up over 30 pct yr-on-yr. Nov 21- New Zealand dairy group Fonterra said on Tuesday that its domestic milk output rose 3 percent in October from the year before as wet weather subsided towards the end of the month. "My expectation would be that it would have an effect on prices, we've got a GDT auction overnight so I would expect...

  • WELLINGTON/ HONG KONG, Nov 17- New Zealand's decision to change its central bank's inflation-targeting mandate, which has served as a model for the rest of the world, partly reflects a global shift on the role of monetary policy since the 2008-09 financial crisis, according to Finance Minister Grant Robertson. To that end, the new Labour-led coalition government...

  • Rob Martin, chief U.S. economist at UBS, says strong GDP and jobs growth are set to continue for years in the U.S.

  • Matt Bekier, CEO at Star Entertainment Group, says high rollers visiting Australia want experiences and not just gambling.

  • A thin parliamentary majority in Australia has consequences for the investment climate, says Chris Williams, MD and co-head of equities for Australia and New Zealand at UBS.

  • Auckland- based Fisher& Paykel had filed the case in the High Court in 2016 and has similar legal proceedings underway in Germany. The ruling allows the New Zealand company to continue selling its sleep apnea masks in the British market. California- based ResMed has said the New Zealand firm's masks violate its patented technology.

  • Stewart Jackson, a lecturer in government and international relations at the University of Sydney, said New Zealand PM Jacinda Ardern held her own during meetings with Australian PM Malcolm Turnbull.

  • *New Zealand could reform monetary policy before legislation. WELLINGTON, Nov 3- New Zealand's Labour-led government could make changes to the central bank as early as March by appointing a reforming governor and making a prompt shift to policy settings, a former bank official and economists say. An opening at the top of the Reserve Bank of New Zealand gives the...

  • WELLINGTON, Oct 31- New Zealand Prime Minister Jacinda Ardern said on Tuesday a ban on foreigners buying existing homes would begin in early 2018, but the restrictions would not apply to Australians. Ardern campaigned in the recent New Zealand election to restrict foreign buyers to reduce demand, while the country tackles what her Labour party says is a...

  • WELLINGTON, Oct 26- New Zealand Prime Minister Jacinda Ardern said on Thursday she will seek to renegotiate the Trans-Pacific Partnership agreement in Vietnam in two weeks' time to allow the government to ban foreign speculators buying New Zealand existing homes. "Whether it's TPP or any other agreement it's making sure we have the ability to ban foreign...

  • SINGAPORE, Oct 25- Apple, which recently said it was including wireless charging in its latest iPhone X and iPhone 8 smartphones, has acquired New Zealand firm PowerbyProxi that designs wireless power products for consumers and industry. An Apple spokesman confirmed the acquisition, which was earlier reported in New Zealand media. Apple's interest in...