Edition:
United Kingdom

Charlotte Greenfield

Criticism mounts of New Zealand mosque shooting response

14 Aug 2019

CHRISTCHURCH, New Zealand After a lone gunman killed 51 mosque worshippers in March, New Zealand's outpouring of collective grief and Prime Minister Jacinda Ardern's heartfelt support for the Muslim community won praise around the world.

Going negative? As trade war rages, central banks ponder radical steps

14 Aug 2019

TOKYO/WELLINGTON Negative interest rate policy - an unconventional gambit once only considered by economies with chronically low inflation such as Europe and Japan - is becoming a more attractive option for some other central banks to counter unwelcome currency rises.

In New Zealand, young Māori women lead the battle for indigenous rights

11 Aug 2019

AUCKLAND/WELLINGTON Five years ago, law graduate Pania Newton and her cousins got together around a kitchen table and agreed to do everything in their power to prevent a housing development on a south Auckland site considered sacred by local Māori.

New Zealand could cut rates again, won't rule out negative rates - central bank assistant governor

08 Aug 2019

WELLINGTON New Zealand's central bank could ease rates again, the assistant governor said on Thursday, a day after the bank stunned markets with a steep 50 basis-point cut to the official cash rate (OCR) and flagged the risk of negative rates to fight slowing growth.

Asian central banks flag growth concerns with surprising rate cuts

07 Aug 2019

WELLINGTON/MUMBAI Asia central banks signalled major concerns on Wednesday about the outlook for economic growth, stunning markets with a series of surprising interest rate cuts and pointing to policymakers' dwindling ammunition to fight off a downturn.

Papua New Guinea seeks Chinese help to refinance debt, boost trade

07 Aug 2019

SYDNEY/WELLINGTON Papua New Guinea's new leader has asked China to refinance its entire 27 billion kina ($7.8 billion) government debt and enter into free trading arrangements with Pacific island nations, even as competition for influence in the region intensifies between Beijing and Washington.

UPDATE 1-PNG seeks Chinese help to refinance debt, boost trade

07 Aug 2019

SYDNEY/WELLINGTON, Aug 7 Papua New Guinea's new leader has asked China to refinance its entire 27 billion kina ($7.8 billion) government debt and enter into free trading arrangements with Pacific island nations, even as competition for influence in the region intensifies between Beijing and Washington.

New Zealand's central bank stuns as bold 50-basis-point rate cut bowls over kiwi dollar

07 Aug 2019

WELLINGTON New Zealand's central bank stunned markets on Wednesday by cutting interest rates a steep 50 basis points and even flagged the risk of going nuclear by taking rates below zero, a radical shift that drove its currency to three-and-a-half year lows.

PNG seeks Chinese help to refinance debt, boost trade

07 Aug 2019

SYDNEY/WELLINGTON, Aug 7 Papua New Guinea's new leader has asked China to refinance its entire 27 billion kina ($7.8 billion) government debt and enter into free trading arrangements with Pacific island nations, even as competition for influence in the region intensifies between Beijing and Washington.

Global dairy prices jump 2.7%, ending two-month losing streak

16 Jul 2019

WELLINGTON Global dairy prices rose, ending a two-month falling streak, in an auction held early on Wednesday, supported by strong demand for milk powder from Asia and the Middle East.

World News