WELLINGTON Human rights advocates urged New Zealand lawmakers on Wednesday to drop restrictions on the intake of Middle Eastern and African refugees, saying the policy undermines the character of a nation praised for its response to deadly mosque attacks this year.
WELLINGTON, Aug 21 New Zealand's aggressive
interest rate cuts in recent weeks reduce the need for
unconventional monetary policy to boost inflation, the central
bank's assistant governor said on Wednesday.
WELLINGTON Global dairy prices were largely flat at an auction early on Wednesday, but key product whole milk powder posted surprisingly strong gains on increased demand from Asia.
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.
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.
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.
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.
WELLINGTON/MUMBAI Asia central banks signaled 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.
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.
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.