News

New Zealand addresses energy security, affordability The New Zealand government has moved to address the serious risk to energy security and affordability, the Energy Minister said on Monday.  "New Zealand currently has an energy shortage. The lakes are low, the sun hasn't been shining, the wind hasn't been blowing, and we have an inadequate supply of natural gas to meet demand," Energy Minister Simeon Brown said. That has led to New Zealand currently having the highest wholesale electricity prices of any of the cou...
New Zealand addresses energy security, affordability
New Zealand addresses energy security, affordability
Source: IANS
2024-08-26 05:27:04 pm
New Zealand eases level of monetary policy restraint  New Zealand's central bank eased the level of monetary policy restraint by reducing the official cash rate (OCR) by 25 basis points to 5.25 per cent on Wednesday due to eased inflation.  New Zealand's annual consumer price inflation is returning to within the Monetary Policy Committee's (MPC) 1 to 3 per cent target band,  Xinhua news agency reported, citing a statement of the Reserve Bank of New Zealand (RBNZ). "Surveyed inflation expectations, firms'...
New Zealand eases level of monetary policy restraint
New Zealand eases level of monetary policy restraint
Source: IANS
2024-08-14 02:24:30 pm
Asian shares rise, kiwi slumps as New Zealand cuts rates  Asian shares rose and the dollar nursed losses on Wednesday after soft U.S. producer prices data stirred hopes that consumer price inflation would be benign, sending bond yields lower. The kiwi dollar slumped 0.7% after the Reserve Bank of New Zealand cut interest rates by 25 basis points to 5.25% and projected more easing to come. Adding to the busy news flow in the Asia morning were headlines that Japanese Prime Minister Fumio Kishida would step down as ruling party leader in Se...
Asian shares rise, kiwi slumps as New Zealand cuts rates
Asian shares rise, kiwi slumps as New Zealand cuts rates
Source: Reuters
2024-08-14 08:43:35 am
Lupin jumps after its arm incorporates wholly owned subsidiary in New Zealand Lupin is currently trading at Rs. 2062.00, up by 69.30 points or 3.48% from its previous closing of Rs. 1992.70 on the BSE. The scrip opened at Rs. 2014.00 and has touched a high and low of Rs. 2066.30 and Rs. 2004.00 respectively. So far 72851 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2066.30 on 08-Aug-2024 and a 52 week low of Rs. 1061.25 on 21-Aug-2023. Last one week high and low of the scrip stood at R...
Lupin jumps after its arm incorporates wholly owned subsidiary in New Zealand
Lupin jumps after its arm incorporates wholly owned subsidiary in New Zealand
Source: Accord Fintech
2024-08-08 04:16:16 pm
To all the beach bums: Discover New Zealand's Coastal Gems New Zealand, renowned for its breathtaking landscapes and stunning coastlines, boasts some of the world's most enchanting beaches. From pristine golden sands to rugged cliffs and crystal-clear waters, the country's shores offer a diverse range of experiences for both beach lovers and adventurers alike.   Embark on a journey to discover the five best beaches in New Zealand, ranging from golden sands to black sands, and every vista promises a moment of awe and wonder. Whether...
To all the beach bums: Discover New Zealand's Coastal Gems
To all the beach bums: Discover New Zealand's Coastal Gems
Source: IANS Life
2024-07-22 03:59:42 pm
New Zealanders welcome return of tourism: Survey Wellington, July 19   About 89 per cent of New Zealanders agree that tourism is good for the country, up from 83 per cent a year ago, according to a new survey published on Wednesday.  The survey shows there is strong recognition among New Zealanders of tourism's positive impact on the economy, which is at 92 per cent, reports Xinhua news agency. Fewer New Zealanders now perceive the level of tourism in their community as being too high compared to November 2022, and there...
New Zealanders welcome return of tourism: Survey
New Zealanders welcome return of tourism: Survey
Source: IANS
2024-07-17 05:38:52 pm
New Zealand Reserve Bank says inflation approaching target range New Zealand Reserve Bank's Monetary Policy Committee agreed to maintain the Official Cash Rate (OCR) at 5.5 per cent on Wednesday.  The Monetary Policy Committee expected New Zealand's headline inflation to return to within the 1 to 3 per cent target range in the second half of this year, reports Xinhua news agency. The restrictive monetary policy has significantly reduced consumer price inflation, the committee said in a statement. The committee agreed that monetary pol...
New Zealand Reserve Bank says inflation approaching target range
New Zealand Reserve Bank says inflation approaching target range
Source: IANS
2024-07-10 12:58:28 pm
Six places in New Zealand you never knew existed Recognised for its clean and green environment, New Zealand is made up of many beautiful landscapes – from vast mountain chains to grand volcanoes, from flowing rivers and contemporary museums to expansive caves, fiords, lush rainforests, grassy plains and rich thermal areas. Get off the beaten track to find lots of hidden gems that are waiting to be explored: The Ohaupo TreeChurch With a passion for church architecture and the natural beauty of trees, dairy farmer Barry Cox de...
Six places in New Zealand you never knew existed
Six places in New Zealand you never knew existed
Source: IANS
2024-06-08 02:51:24 pm
New Zealand unlocks mindful travel for Indian listeners While international travel still seems to be afar, how about some music which can transport listeners virtually to their favourite destination? Tourism New Zealand has launched an album called ‘Mindful Journeys’ on Spotify that features four meditative audio tracks (two with narration and two without). Through the soundscapes, listeners will journey through the North and South Islands of the country, experiencing the tunes unique to New Zealand including native birds, bubbli...
New Zealand unlocks mindful travel for Indian listeners
New Zealand unlocks mindful travel for Indian listeners
Source: IANS
2024-06-04 10:19:01 am
India, New Zealand to strengthen links in pharma, agriculture sectors  India and New Zealand have decided to strengthen bilateral trade and collaboration in the pharma, agricultural, and processed food sectors, the Commerce and Industry Ministry said on Thursday. A delegation led by Commerce Secretary Sunil Barthwal visited New Zealand on April 26-27 and held a number of constructive meetings with the Minister for Trade of New Zealand, Todd McClay. The 11th India-New Zealand Joint Trade Committee (JTC) meeting was also held to work on ways to deepen ...
India, New Zealand to strengthen links in pharma, agriculture sectors
India, New Zealand to strengthen links in pharma, agriculture sectors
Source: IANS
2024-05-03 10:06:43 am
Aussie, New Zealand dollars tumble on risk-off moves; yen rises A wave of risk aversion swept over markets on Friday and sent the Australian and New Zealand dollars sharply lower, while the yen found support on safe-haven gains following media reports that explosions had occurred in Iran. The latest developments sparked greater concern over a widening of the Israeli-Hamas war in the Middle East, prompting a flight to safety as investors swept up typical safe-haven assets like the U.S. dollar and the yen, alongside U.S. Treasuries and gold. [MKTS/GLOB] ...
Aussie, New Zealand dollars tumble on risk-off moves; yen rises
Aussie, New Zealand dollars tumble on risk-off moves; yen rises
Source: Reuters
2024-04-19 08:49:07 am
New Zealand`s minimum wage to rise to $14 per hour from April New Zealand's minimum wage rate will increase "moderately" to $14.12 an hour from April 1, the government said. Workplace Relations and Safety Minister Brooke van Velden on Thursday said the government is committed to striking the right balance between protecting the incomes of the lowest paid workers and maintaining labour market settings that encourage employment, Xinhua news agency reported. The government has taken a cautious approach to the minimum wage this year as t...
New Zealand`s minimum wage to rise to $14 per hour from April
New Zealand`s minimum wage to rise to $14 per hour from April
Source: IANS
2024-02-02 02:56:37 pm
`Looking forward to New Zealand, India becoming formal partner` Trade Minister Todd McClay he Trade Minister of New Zealand, Todd McClay said that his country is looking forward to becoming a formal partner of India. “I believe New Zealand and India can do much more together. First, a multifaceted and diverse bilateral relationship is essential for 2-way trade. Improving our trade and economic relationship will deliver a real result for our businesses, communities and economies. New Zealand is deeply amazed by Indian Pacific Trade architecture through a range of bilateral agr...
`Looking forward to New Zealand, India becoming formal partner` Trade Minister Todd McClay
`Looking forward to New Zealand, India becoming formal partner` Trade Minister Todd McClay
Source: ANI
2023-12-20 03:06:01 pm
Bonds cheer Fed talk of cuts; kiwi flies Asian stocks briefly made one-week highs on Wednesday, bonds rallied and the dollar sank on new hints at U.S. interest rate cuts, while the New Zealand dollar jumped after its central bank said another hike may be necessary if inflation proves stubborn. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade before weakness in Hong Kong tech shares dragged it back to flat. Japan's Nikkei fell 0.2%. The New Zealand dollar was last up 1.1% at a four-mon...
Bonds cheer Fed talk of cuts; kiwi flies
Bonds cheer Fed talk of cuts; kiwi flies
Source: Reuters
2023-11-29 08:33:57 am
Dollar hangs at three-month low as traders eye PCE data The U.S. dollar ticked down to a three-month low against peer currencies on Tuesday after slipping overnight on weaker-than-expected new home sales data, while traders hunkered down on bets that the Federal Reserve could start cutting interest rates in the first half of next year. U.S. new home sales fell 5.6% to a seasonally adjusted annual rate of 679,000 units in October, data showed, below the 723,000 units expected by economists polled by Reuters and sending Treasury yields into a dec...
Dollar hangs at three-month low as traders eye PCE data
Dollar hangs at three-month low as traders eye PCE data
Source: Reuters
2023-11-28 09:27:03 am
HCLTech appoints Sonia Eland as Country Manager for Australia & New Zealand HCLTech on Tuesday announced the appointment of Sonia Eland as Executive Vice President and Country Manager for Australia and New Zealand. In her new role effective from April 1, 2024, Eland will report to Swapan Johri, President, Growth Markets at HCLTech. Based in Sydney, she takes over from Michael Horton who moves into a consulting role after a successful stint of close to 10 years, during which he helped establish HCLTech as a trusted digital technology services partner in Australi...
HCLTech appoints Sonia Eland as Country Manager for Australia & New Zealand
HCLTech appoints Sonia Eland as Country Manager for Australia & New Zealand
Source: IANS
2023-11-14 11:21:38 am
Dollar eyes best week against yen in three months; cryptos leap The dollar was headed for its best week against the yen in three months on Friday, after Federal Reserve Chair Jerome Powell and a chorus of Fed officials poured cold water on market expectations of a peak in U.S. rates. In cryptocurrencies, bitcoin and ether held near multi-month highs, with renewed speculation over the imminent approval of an exchange-traded bitcoin fund breathing new life into the digital assets. A slew of Fed policymakers including Powell on Thursday said they are s...
Dollar eyes best week against yen in three months; cryptos leap
Dollar eyes best week against yen in three months; cryptos leap
Source: Reuters
2023-11-10 09:00:33 am
Yen languishes as focus turns to Fed The yen wobbled near 15-year lows on the euro and a one-year trough on the dollar on Wednesday, having slid on bets that a tweak of Japan's yield control policy isn't enough to close wide interest rate gaps that have pressured the currency for years. Moves in early Asia trade were modest ahead of a U.S. Federal Reserve meeting later in the day - where rates are seen on hold - and the release of U.S. Treasury refunding details. The New Zealand dollar slipped 0.4% to $0.5805 as so...
Yen languishes as focus turns to Fed
Yen languishes as focus turns to Fed
Source: Reuters
2023-11-01 09:04:23 am
Dollar holds near 150 yen as central bank policy, data deluge awaited The dollar inched broadly higher in cautious trade on Monday and held near 150 yen as traders looked to a policy decision by the Bank of Japan later in the week, alongside other major central bank meetings and a slew of economic data releases globally. The BOJ kicks off its two-day monetary policy meeting on Monday, leading a week which will also see interest rate decisions from the U.S. Federal Reserve and the Bank of England. A PMI data deluge, inflation figures in the euro zone and U...
Dollar holds near 150 yen as central bank policy, data deluge awaited
Dollar holds near 150 yen as central bank policy, data deluge awaited
Source: Reuters
2023-10-30 09:05:36 am
India`s mango export value rises 19% in April-August period of current fiscal India has registered a significant growth in the value of export of mangoes in the first five months of the current fiscal (2023-24) by exporting mangoes to the tune of $47.98 million, which is 19 per cent higher than the previous year's value of $40.33 million in the corresponding period. With the collaboration of agriculture ministry and APEDA, India exported 22,963.78 million tonnes of mangoes worth $48.53 million in 2022-23, while in the current year 2023-24 (April-August), India h...
India`s mango export value rises 19% in April-August period of current fiscal
India`s mango export value rises 19% in April-August period of current fiscal
Source: IANS
2023-10-27 04:15:08 pm
Asian stocks slump to 11-mth lows as higher-for-longer rate fears persist Asian stocks slid to 11-month lows on Wednesday, U.S. futures dropped and the dollar surged as Treasury yields spiked back toward peaks on fears that U.S. interest rates will stay high.A rebound in U.S. home sales was the latest trigger for concern in the bond market. Corporate earnings have also been mixed. Alphabet shares logged their worst session since March 2020 overnight, dropping 9.5% as investors were disappointed with stalling growth in its cloud division.MSCI's broadest index of Asi...
Asian stocks slump to 11-mth lows as higher-for-longer rate fears persist
Asian stocks slump to 11-mth lows as higher-for-longer rate fears persist
Source: IANS
2023-10-26 08:47:00 am
Dollar bounces, euro heavy on US/euro zone growth outlook divergence The dollar was on the front foot on Wednesday, drawing support from yet another resilient U.S. economic data reading, while the euro struggled to make headway on the back of a darkening growth outlook in the bloc.The Australian dollar rose more than 0.5% in an initial knee-jerk reaction following a higher-than-expected inflation print in Australia on Wednesday.U.S. business output ticked higher in October as the manufacturing sector pulled out of a five-month contraction, data on Tuesday show...
Dollar bounces, euro heavy on US/euro zone growth outlook divergence
Dollar bounces, euro heavy on US/euro zone growth outlook divergence
Source: Reuters
2023-10-25 08:58:42 am
Men`s ODI WC: Shami`s accuracy and length was phenomenal, says Aakash Chopra Former India opener Aakash Chopra lauded Mohammed Shami for his match-winning spell of 5-54 against New Zealand in 2023 Men?s ODI World Cup, saying the veteran pacer was phenomenal in his accuracy and length.Shami also became the first Indian bowler to take a five-wicket haul twice in Men?s ODI World Cups through his spell at Dharamshala on Sunday. He had a perfect start on his first ball of the match when Will Young chopped on to his stumps.Shami, who got into the playing eleven due to Hardi...
Men`s ODI WC: Shami`s accuracy and length was phenomenal, says Aakash Chopra
Men`s ODI WC: Shami`s accuracy and length was phenomenal, says Aakash Chopra
Source: IANS
2023-10-23 04:34:09 pm
Men`s ODI WC: Working on what I can do as a bowler has made me relaxed, says Kuldeep Yadav India?s left-arm wrist-spinner Kuldeep Yadav believes working on what he can do more as a bowler is leading to him having a relaxed approach to his bowling during the ongoing Men?s ODI World Cup on home soil.Kuldeep came into the World Cup on the back of picking up the Player of the Tournament award in India?s triumph at the Asia Cup. As of now, he?s picked eight scalps in India's unbeaten run of five matches till now. Against New Zealand, he was hit for 48 runs in five overs, before coming b...
Men`s ODI WC: Working on what I can do as a bowler has made me relaxed, says Kuldeep Yadav
Men`s ODI WC: Working on what I can do as a bowler has made me relaxed, says Kuldeep Yadav
Source: IAN'S
2023-10-23 04:20:15 pm
Dollar broadly up, threatens 150 yen as benchmark Treasury yield climbs The dollar was within a hair's breadth of the closely watched 150 yen level on Friday, buoyed by a surge in the U.S. 10-year Treasury yield which in the previous session briefly reached 5% for the first time since 2007.The benchmark 10-year yield, which was last at 4.9813%, has climbed some 35 basis points this week, driven by rising expectations that the Federal Reserve is likely to keep interest rates higher for longer and mounting U.S. fiscal concerns. [US/]"The move up has been driven by ...
Dollar broadly up, threatens 150 yen as benchmark Treasury yield climbs
Dollar broadly up, threatens 150 yen as benchmark Treasury yield climbs
Source: Reuters
2023-10-20 08:51:31 am
Men`s ODI WC: New Zealand spinner Mitchell Santner reaches 100 wicket landmark in ODIs  New Zealand left-arm orthodox spinner, Mitchell Santner, on Wednesday, achieved a 100 ODI wickets landmark during the ICC Men's Cricket World Cup match against Afghanistan, here at MA Chidambaram Stadium.Heading into the match, Santner was just one scalp away from reaching the milestone of 100 wickets in ODI cricket. He finished with a figure of 3 for 39 in 7.4 overs, becoming the leading wicket-taker (14) in ODI World Cup 2023.Bowling in his 98th match, the 31-year-old took the wicket ...
Men`s ODI WC: New Zealand spinner Mitchell Santner reaches 100 wicket landmark in ODIs
Men`s ODI WC: New Zealand spinner Mitchell Santner reaches 100 wicket landmark in ODIs
Source: IANS
2023-10-19 10:58:02 am
Yuan leads rally in Asian currencies on China`s economic bounce Asian currencies caught a boost from better-than-expected Chinese economic data on Wednesday, driving the yuan to a one-week high and putting a dampener on the U.S. dollar which has rallied for weeks on end as U.S. yields have climbed.A blast at a Gaza hospital also kept moves modest and traders on edge at the prospect of a widening conflict. U.S. President Joe Biden is due to visit Israel on Wednesday. The shekel was pinned to the weaker side of 4-per dollar.Official data showed China's econ...
Yuan leads rally in Asian currencies on China`s economic bounce
Yuan leads rally in Asian currencies on China`s economic bounce
Source: Reuters
2023-10-18 09:05:11 am
Asia stocks rise on earnings hopes; keep wary eye on Mideast tensions Asian stocks rose in cautious trade on Tuesday, with investors choosing to focus on corporate earnings prospects and the resilience of the U.S. economy ahead of tensions in the Middle East.MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.4%. Tokyo's Nikkei rose 1%.Overnight the S&P 500 had climbed 1%, while oil prices and the U.S. dollar had fallen.A host of "favorable" signs from the strength of the U.S. consumer, economic growth, and interest rates supporting bank p...
Asia stocks rise on earnings hopes; keep wary eye on Mideast tensions
Asia stocks rise on earnings hopes; keep wary eye on Mideast tensions
Source: Reuters
2023-10-17 09:14:54 am
Dollar buoyed by safe-haven bids, rate jitters The dollar was on the front foot on Monday in cautious trade as tensions in the Middle East escalated, while investors awaited a speech by Federal Reserve Chair Jerome Powell later this week for further clues on the U.S. central bank's rate outlook.The Israeli shekel fell to more than an eight-year low of 3.9900 per dollar in early Asia trade, after the country's Prime Minister Benjamin Netanyahu vowed on Sunday to "demolish Hamas" as his troops prepared to move into the Gaza Strip in pursuit...
Dollar buoyed by safe-haven bids, rate jitters
Dollar buoyed by safe-haven bids, rate jitters
Source: Reuters
2023-10-16 08:58:24 am
Men`s ODI WC: Kane Williamson suffers fracture in left thumb; Tom Blundell called in as cover New Zealand captain Kane Williamson has suffered an undisplaced fracture in his left thumb, with the side expecting him to be fit in time for the back-end of the league stage happening next month in 2023 Men?s ODI World Cup.New Zealand Cricket (NZC) added that wicketkeeper-batter Tom Blundell has been called up to the squad in India as a cover, as Williamson tries to recover from the latest injury blow. On Friday, in his comeback match post an ACL injury in right knee sustained in IPL 2023, W...
Men`s ODI WC: Kane Williamson suffers fracture in left thumb; Tom Blundell called in as cover
Men`s ODI WC: Kane Williamson suffers fracture in left thumb; Tom Blundell called in as cover
Source: IANS
2023-10-14 02:36:04 pm
Dollar surges against euro on flight to safety amid Israel-Palestinian fighting The safe-haven dollar rose on Monday against the euro and sterling as military clashes between Israel and the Palestinian Islamist group Hamas deepened political uncertainty across the Middle East.Risk sentiment was fragile after Israeli forces fought gunmen from the Palestinian group Hamas over the weekend, hours after the militants launched an attack on Israel in the deadliest day of violence in the country for 50 years.The Israeli shekel was last 2% lower at 3.9151 per dollar after the Ban...
Dollar surges against euro on flight to safety amid Israel-Palestinian fighting
Dollar surges against euro on flight to safety amid Israel-Palestinian fighting
Source: Reuters
2023-10-09 09:18:15 am
Men`s ODI WC: Would love to see one-day format thrive and do well, says Rahul Dravid When the 2011 Men?s ODI World Cup happened, there was huge excitement about the twists and turns happening in a one-day game, culminating in MS Dhoni slamming the most unforgettable six in the history of the format for making India win the trophy in Mumbai.But 12 years down the line, the one-day format finds itself on a sticky wicket. The T20 format, then still in its infancy days, has now become the ruler of minds of cricket enthusiasts, mostly amongst youngsters, mainly through its prolifer...
Men`s ODI WC: Would love to see one-day format thrive and do well, says Rahul Dravid
Men`s ODI WC: Would love to see one-day format thrive and do well, says Rahul Dravid
Source: IANS
2023-10-07 10:38:28 am
Men`s ODI WC: Hip niggle could force Ben Stokes to miss tournament opener against New Zealand, says Buttler A hip niggle has meant that talismanic all-rounder Ben Stokes is in doubt to miss England?s opening match of 2023 Men?s ODI World Cup against New Zealand in Ahmedabad on Thursday, said captain Jos Buttler.Stokes, the Player of the Match in the 2019 final between the teams playing Thursday?s tournament opener, came out of ODI retirement in August to play for England in their title defence. After smashing a fine 182 against New Zealand, Stokes hasn?t played competitively, and even missed Englan...
Men`s ODI WC: Hip niggle could force Ben Stokes to miss tournament opener against New Zealand, says Buttler
Men`s ODI WC: Hip niggle could force Ben Stokes to miss tournament opener against New Zealand, says Buttler
Source: IANS
2023-10-04 06:03:07 pm
Dollar holds steady, yuan rises on better-than-expected China data The dollar held steady in Asia on Friday, edging off slightly from overnight gains against peers, as the yuan strengthened in the wake of some market-beating economic data out of China.The dollar jumped overnight after U.S. retail sales received a boost from higher gasoline prices, increasing 0.6% in August versus an estimated 0.2% rise, while market participants reacted to the European Central Bank's 25-basis point hike.The U.S. dollar index last stood somewhat lower at 105.32, but still nea...
Dollar holds steady, yuan rises on better-than-expected China data
Dollar holds steady, yuan rises on better-than-expected China data
Source: Reuters
2023-09-15 09:04:20am
Yen stands tall, dollar finds floor ahead of US inflation The yen steadied near a one-week high on Tuesday as comments from Japan's top central banker on a possible end to its negative interest rate policy reverberated through markets, while the dollar regained some lost ground.Bank of Japan (BOJ) Governor Kazuo Ueda told a newspaper interview over the weekend the bank could get enough data by year-end to determine whether it can end negative rates, remarks that on Monday saw the yen clock its largest daily gain against the dollar in two months.The ...
Yen stands tall, dollar finds floor ahead of US inflation
Yen stands tall, dollar finds floor ahead of US inflation
Source: Reuters
2023-09-12 09:38:44am
Stocks steady, dollar catches breath as traders eye US CPI Asian stock markets nudged sideways on Tuesday while the dollar took a breather, its recent gains chastened by resistance from central banks in China and Japan and by traders waiting on U.S. inflation data to signal that interest rates may have peaked.The yen notched its best day against the dollar in two months overnight, after Bank of Japan Governor Kazuo Ueda said policymakers might have enough economic information by year's end to determine that short-term rates will need to rise.The yuan...
Stocks steady, dollar catches breath as traders eye US CPI
Stocks steady, dollar catches breath as traders eye US CPI
Source: Reuters
2023-09-12 08:53:41am