United States

Charlotte Greenfield

New Zealand lawmakers urged to drop restrictions on Africa, Middle East refugees

Aug 20 2019

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.

UPDATE 1-RBNZ's heavy rate cuts reduce need for unconventional policy - asst.governor

Aug 20 2019

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.

Global dairy prices flat, milk powder surges at fortnightly auction

Aug 20 2019

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.

Criticism mounts of New Zealand mosque shooting response

Aug 14 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

Aug 13 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

Aug 11 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

Aug 07 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

Aug 07 2019

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.

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

Aug 07 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.

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

Aug 07 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.

World News