WELLINGTON/HONG KONG Australia's major banks shrugged off concerns about further weakness in dividend payout ratios and earnings downgrades after New Zealand announced tougher capital requirements on Thursday.
WELLINGTON, Dec 4 New Zealand's central bank is
expected to announce tougher bank capital ratio requirements on
Thursday, a move that could tighten credit conditions and hurt
the bottom line of the major Australian lenders who dominate the
WELLINGTON New Zealand's central bank surprised investors by holding interest rates at an all-time low of 1% on Wednesday saying it saw no urgency to ease policy further, sending the kiwi dollar sharply higher.
WELLINGTON Public hearings in New Zealand on abuse of young people in state and faith-based care have exposed a horrific history of neglect and exploitation as Prime Minister Jacinda Ardern seeks to make the country the best place in the world to be a child.
WELLINGTON The former Chief Executive of Air New Zealand and one of the nation's most prominent businessman, Christopher Luxon, will join the opposition National Party as a candidate in next year's general election.
WELLINGTON New Zealand on Tuesday revealed how it plans to lift its defense capabilities in the Pacific to protect its interest but stayed clear of naming China, whose growing influence in the region has raised concerns, as a reason.
WELLINGTON New Zealand officials said on Friday armed police will patrol parts of the country in a trial project following heightened security concerns after a mass shooting in Christchurch in March that killed 51 people.
WELLINGTON New Zealand's central bank signaled more rate cuts, or even unconventional stimulus measures, may be needed to counter global headwinds, as figures on Wednesday showed the country's annual inflation rate slowed in the third quarter.
Sept 26 New Zealand's Fonterra
, the world's largest dairy exporter, reported a record
annual loss on Thursday, and unveiled a new strategy to phase
out overseas "milk pools", cut debt and focus on its local
WELLINGTON/SAN FRANCISCO New Zealand will be home again to hairy feet and pointed-ear Hobbits after Amazon Studios confirmed the Pacific country will be the location for its new "The Lord of the Rings" series, a TV show widely tipped to be the most expensive ever made. | Video