Business
New Zealand holds key rate, sees policy staying accommodative
The RBNZ’s new forecasts indicate some chance of a quarter-point hike later this year New Zealand’s central bank held interest rates at…
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Australian, New Zealand dollars seesaw on greenback, keep climbing on yen
The Australian and New Zealand dollars steadied on Wednesday after their US peer enjoyed a broad bounce overnight, while both currencies…
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Australian, New Zealand dollars seesaw on greenback, extend gains on yen
The Australian and New Zealand dollars steadied on Wednesday after their US peer enjoyed a broad bounce overnight, while both currencies…
News
Woman Charged in New Zealand After 18Kg of Meth Found in Luggage at Auckland Airport on Arrival from Singapore
A 33-year-old woman has been charged with drug smuggling in New Zealand after authorities discovered more than 18kg of methamphetamine in…
Business
New Zealand central bank says policy path not preset, guided by inflation outlook
New Zealand’s top central banker said on Wednesday that there was no preset course for monetary policy and that adjustments would be made…
Business
New Zealand central bank says economic recovery picking up
Early indicators suggest the economy had been expanding during the second half of this year and demand had stabilised, Reserve Bank of New…
Business
New Zealand central bank cuts cash rate by 25 bps to 2.25%
New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 2.25 per cent on Wednesday, its lowest level since…
Business
Air New Zealand warns of first-half loss as weak bookings and rising costs bite
AIR New Zealand on Wednesday warned it would report a first-half loss after soft local economic conditions dented expectations for a…
Business
New Zealand appoints Anna Breman as central bank governor
New Zealand Finance Minister Nicola Willis on Wednesday announced that Anna Breman has been appointed as the country’s new central bank...…
News
Who Was Tom Phillips? Fugitive Dad on the Run with His Three Children for Four Years Shot Dead by Cops in New Zealand During Gunfight
A father who had been hiding out in New Zealand's wilderness with his three young children for the past four years was killed on Monday…
Business
Amazon to invest NZ$7.5 billion in New Zealand data centres
Amazon has formally launched cloud services in New Zealand and dusted off a plan first announced in 2021 to invest more than NZ$7.5…
Business
Air New Zealand full-year profit falls 15%, sees weakness ahead
The airline has been hamstrung by groundings due to extra maintenance on Pratt & Whitney and Rolls-Royce engines worldwide, and at one…
Business
New Zealand central bank proposes reducing deposit takers’ capital requirements
New Zealand’s central bank said on Monday (Aug 25) that it was proposing to reduce the minimum capital requirement for deposit takers, and…
Business
New Zealand central bank cuts rates to three-year low, flags more easing; kiwi dollar tumbles
New Zealand’s central bank cut its policy rate by 25 basis points to a three-year low of 3 per cent on Wednesday (Aug 20), and flagged…
Business
New Zealand central bank cuts rates to three-year low, flags more easing; kiwi tumbles
New Zealand’s central bank cut its policy rate by 25 basis points to a three-year low of 3 per cent on Wednesday (Aug 20), and flagged…
Business
A2 Milk to buy New Zealand formula plant to target China growth
The company forecasts high single-digit per cent increase in revenue in the 2026 full year A2 Milk has agreed to buy a New Zealand infant…
Business
New Zealand labour market remains soft, adds to rate-cut expectation
New Zealand’s jobless rate rose slightly in the second quarter as the labour market remained soft, supporting the view that the central…
Business
Australian, New Zealand dollars fall with global stocks after US strikes Iran
The Australian and New Zealand dollars fell with global stocks on Monday after the US bombed nuclear facilities in Iran, although they…
News
Anne Enright’s Literary Journeys to Australia and New Zealand
Not long ago, the Irish writer Anne Enright visited Australia and New Zealand. When asking for a local recommendation at the Potts Point…
Business
New Zealand central bank says former head quit over funding dispute
Former New Zealand central bank governor Adrian Orr’s surprise resignation in March was due to his disagreements with the treasury over…
Business
New Zealand finance minister would like RBNZ to return to eight meetings a year
New Zealand’s Finance Minister Nicola Willis said on Tuesday that she would like New Zealand’s central bank monetary policy committee to…
Business
New Zealand central bank cuts cash rate by 25 bps
New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 3.25 per cent on Wednesday, as policymakers sought…
Business
New Zealand central bank sees AI adoption posing risk to financial stability
The rapid acceleration of artificial intelligence adoption in financial services presents a risk to financial stability, the Reserve Bank…
Business
Latest NZ$2.80-per-share offer by CDL Kiwi unit still ‘too low and inadequate’: M&C New Zealand
The independent directors of Millennium and Copthorne Hotels New Zealand (MCK) do not recommend shareholders of MCK to accept the increase…