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Dollar steady, yen fragile after Fed comments dash rate cut bets
  + stars: | 2024-04-17 | by ( ) www.cnbc.com   time to read: +4 min
The comments follow a slew of data in recent weeks that highlight the strength of U.S. economy along with persistent inflation. Against a basket of currencies, the dollar was last at 106.33, just below the five month peak of 106.51 touched on Tuesday. I'm watching dollar strength and U.S. real yields very closely." On Wednesday, the yen was last at 154.65 per dollar, having touched the 34-year low of 154.79 in the previous session. The Australian dollar rose 0.12% to $0.641, while the New Zealand dollar rose 0.22 to $0.589.
Persons: Jerome Powell, Powell, Powell's, " Powell, Ben Bennett, Kieran Williams, InTouch Capital's Williams Organizations: Federal Reserve, U.S, Traders, Investment Management, Asia FX, InTouch, CPI, New Zealand Locations: Washington, Asia, JPY, Japan
Introduced predators kill about 25 million native birds in New Zealand annually, with about 4,000 native species threatened or at risk of extinction, according to the DOC. Under the program, the government plans to eradicate rats, possums (a marsupial native to the Americas), weasels, ferrets — and the pesky stoat. Chalky Island and the neighboring Passage Islands have been predator-free since 1999 following the first ever stoat eradication campaign, according to the DOC. And for Fleming, the recent stoat incursion only underscores the importance of the Predator Free 2050 plan. “If we eradicate stoats from Aotearoa (New Zealand) completely we remove the costs of incursions, and our wildlife can thrive alongside us,” he said.
Persons: Rebecca Teele, , Aaron Fleming, Liu Yang, RNZ, , pesky, Carolyn M, King, hitlist, Stephan Morris, stoats, stoats ”, Fleming Organizations: CNN, country’s Department of Conservation, New, Zealand, New Zealand Taxpayers ’ Union, Southern, New Zealand, University of Waikato Locations: New Zealand, Fiordland, Eurasia, North America, , New, Americas, Aotearoa
In June 2022, I flew business class on an Air New Zealand flight to Auckland, New Zealand. It was my first time in business class and during the 13-hour flight, I was pampered and amazed. The flight's dinner service felt like fine dining, and it was the best sleep I've had on a plane. I spent about 13 hours seated in Air New Zealand's business class on a long-haul flight from Los Angeles to Auckland, New Zealand. From meals that felt like fine dining to a turn-down service, I was spoiled and surprised throughout the entire flight.
Persons: I've, , I'd Organizations: Air, Zealand, Service, Business Locations: Auckland , New Zealand, Air, Los Angeles
Dollar ascendant as Fed cut bets pared, jawboning props up yen
  + stars: | 2024-04-02 | by ( ) www.cnbc.com   time to read: +3 min
The U.S. dollar hovered near a 4-1/2-month high against major peers on Tuesday as traders rushed to push back bets for the Federal Reserve's first interest rate cut this year. The U.S. dollar hovered near a 4-1/2-month high against major peers on Tuesday as traders rushed to push back bets for the Federal Reserve's first interest rate cut this year. The U.S. rate futures market now factors in 61.3% odds of a Fed rate cut in June, down from about 70.1% probability a week ago, according to the CME's FedWatch tool. The Japanese yen firmed slightly on Tuesday to 151.565 per dollar, after dipping to 151.77 the previous day. Japanese authorities intervened in 2022 when the yen slid toward a 32-year low of 152 to the dollar.
Persons: , Richard Franulovich, Sterling, Shunichi Suzuki, Westpac's, skidding, cryptocurrency bitcoin Organizations: U.S, Federal, Treasury, Bank of Japan's Locations: U.S, Japan
On a long-haul Air New Zealand flight, I toured the secret rooms where pilots and flight attendants rest. The Boeing 777-300ER has a room with two beds for pilots and an eight-bed area for flight attendants. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementFor years, I boarded long-haul flights without thinking twice about whether pilots and flight attendants rest during the ride. I explored two rooms — one where pilots rest and another for flight attendants.
Persons: Organizations: Zealand, Boeing, Service, Air New
New Zealand has accused China of "malicious cyber activity" linked to Chinese state actors, who targeted its parliament in 2021. The government "expressed concerns today about malicious cyber activity, attributed to groups sponsored by the Chinese Government," New Zealand's Foreign Minister Winston Peters said on Tuesday. New Zealand's intelligence service, the National Cyber Security Centre (NCSC), "completed a robust technical assessment following a compromise of the Parliamentary Counsel Office and the Parliamentary Service in 2021," Collins said. The activity has been attributed to a Chinese state-sponsored group, she added. The Chinese embassy in New Zealand did not immediately respond to a request for comment.
Persons: Winston Peters, " Peters, Judith Collins, Collins Organizations: Government, Zealand's, National Cyber Security, Parliamentary, Office, Parliamentary Service Locations: Zealand, China, U.S, New, New Zealand
Minutes after settling into business class on an Air New Zealand flight, I had the realization that this plane ride was going to be unlike any other flight I'd taken. A glass of sparkling wine at the author's business-class seat. One flight attendant was pouring me a glass of sparkling wine. A third soon followed to introduce herself and welcome me on the Air New Zealand flight. Before this flight, I'd never spent more than $1,400 on a plane ticket.
Persons: Monica Humphries, I'd, I'm Organizations: Air, Zealand, Boeing, Facebook
AUSTIN, Texas (AP) — Five races into NASCAR's 2024 season and Ford is in a funk. A Ford win in Austin would seem like a long shot in NASCAR's fourth run on a track built for Formula One. Photos You Should See View All 60 ImagesAnd while it’s still early, Ford drivers make up just three of the 16 available Cup playoff spots. Ford drivers point to some solid statistics, even if the major results are lacking. NASCAR vs F1The Circuit of the Americas is the only track used by NASCAR and F1, but the two racing series have vastly different styles.
Persons: Ryan Blaney, , Tyler Reddick, Shane van Gisbergen, Chase Elliott, it’s, Blaney, haven’t, , Chris Buescher, We’ve, we’ve, ” Buescher, Chase Briscoe, Stewart, Haas, we've, ” Briscoe, Briscoe, Ford, van Gisbergen, It’s, Reddick, COTA, there's, I've, ” Reddick, they’ve, FanDuel Organizations: Ford, NASCAR, Circuit, Formula One, Toyota, RFK Racing, Haas Racing, Fords, Blaney's, COTA Locations: AUSTIN, Texas, Atlanta, Austin, Victory, Americas
China and New Zealand are working toward implementing an upgraded version of the free trade agreement between the two countries. Wang met New Zealand Trade Minister Todd McClay during an official visit to New Zealand. New Zealand was the first developed country to sign a bilateral free trade deal with China in 2008. China's door to the world will open even wider, Wang said, pledging to forge closer cooperation with New Zealand in the next decade and emphasizing on the need to safeguard free trade. He will be holding the seventh China-Australia Foreign and Strategic Dialogue with Australian Foreign Minister Penny Wong in his visit to Australia.
Persons: Wang Yi, Wang, Todd McClay, McClay, Winston Peters, China's, Peters, Penny Wong Organizations: Xinhua, New Zealand Trade, New Zealand, Foreign Affairs, Australian Foreign Locations: China, New Zealand, New, Xinjiang, Hong Kong, Tibet, Zealand, South, Sea, Taiwan Strait, Taiwan, Beijing, Philippines, Wang, Australia, Mar
A LATAM Airlines pilot reportedly told a passenger that he had momentarily "lost control" of the plane. A passenger told CNN the pilot said the plane's gauges "just kind of went blank on me." AdvertisementAfter the flight landed, passenger Brian Jokat told CNN that he spoke to the pilot, who he said told him: "My gauges just kind of went blank on me." Jokat told CNN that he had been sleeping when the plane "dropped something to the effect of 500 feet instantly." The flight landed in Auckland on schedule, the airline said in its statement, while apologizing for "any inconvenience and discomfort" from the incident.
Persons: , Brian Jokat, Jokat, I'm, Lucas Ellwood, Ellwood Organizations: LATAM Airlines, CNN, Service, LATAM Airways, Boeing, New Zealand Herald, ABC Locations: Sydney, Auckland, New Zealand
But some strategies are proven to be more effective than others, when it comes to raising successful children. Here are five ways parents can help set their kids up for future success, according to psychologists and other parenting experts. But when it comes to raising a successful child, one is more important than the other, educational psychologist Michele Borba wrote for CNBC Make It in 2022. Give them autonomyThe ability to self-motivate is one of the two important traits that can help kids grow into successful adults, child psychologist Dr. Tovah Klein told Make It last year. Don't stress over perfectionWojcicki raised three successful children — a doctor and two high-profile CEOs — but she never demanded perfection from them.
Persons: Michele Borba, Borba, they'll, Nir Eyal, Eyal, Tovah Klein, Esther Wojcicki, Wojcicki, , Perfectionism, you've, Allison Butler Organizations: CNBC, New Zealand's University of Otago, Bryant University
Miriam Margolyes thinks adult "Harry Potter" fans need to grow up. Margolyes, who played Professor Sprout, is puzzled by adults still obsessed with the franchise. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMiriam Margolyes thinks that if you're in your 30s and still identifying yourself as a Gryffindor, it's time to grow up. "I worry about Harry Potter fans because they should be over that by now," the British-born star, who played Professor Sprout in the "Harry Potter" franchise, said during an interview with New Zealand's 1News.
Persons: Miriam Margolyes, Harry Potter, Sprout, Organizations: Service Locations: British
Patricia Kerekes, and her husband Todd, cut their vacation short after she was diagnosed with terminal cancer. Todd told Radio New Zealand he was charged $8,000 to change their flight to an earlier one. Air New Zealand refunded him and apologized, saying its compassionate care policy wasn't followed. American tourists Todd and Patricia Kerekes cut their vacation short after Patricia was diagnosed with terminal gallbladder cancer, according to Radio New Zealand. Todd told the radio station they booked return tickets in business class from New York to Auckland, which cost nearly $23,000.
Persons: Patricia Kerekes, Todd, wasn't, , Patricia, RNZ, RNZ's, Alisha Armstrong, Armstrong, Kerekes Organizations: Radio New Zealand, Air New Zealand, Service, New Zealand, Air New, Business Locations: Zealand, New York, Auckland, New, Air New Zealand
European markets are heading for a higher open Wednesday, rallying after a shaky start to the trading week. Elsewhere, U.S. stock futures ticked lower on Tuesday evening as investors looked ahead to a key inflation report — the personal consumption expenditures reading for January — on Thursday. It is the Federal Reserve's preferred measure of inflation. Asia-Pacific stock markets were mostly lower overnight as New Zealand's central bank kept its interest rate steady, while Hong Kong's property index rallied after the city's budget announcement.
Persons: Locations: Asia, Pacific
DOHA, Qatar (AP) — Siobhán Haughey of Hong Kong captured her first long-course world title, winning the women's 200-meter freestyle Wednesday at the World Aquatics Championships. Haughey, a three-time champion at the short-course worlds, finally touched first in the big pool after years of close calls. She was the Olympic silver medalist in both the 100 and 200 free at the Tokyo Games, in addition to a runner-up finish in the 100 free at last summer's world championships in Fukuoka. Also, Haughey finished fourth in the 200 free — just off the podium — at both the 2019 and 2023 worlds. “I really wanted to win this one,” said Wiffen, the short-course world record holder in the 800 free.
Persons: — Siobhán Haughey, Hong, Haughey, , Ireland’s Daniel Wiffen, , Wiffen, Mollie O'Callaghan, Ariarne Titmus, Zealand's Erika Fairweather, Brianna Throssell, Elijah Winnington of, Italy's Gregorio Paltrinieri —, Iffland, Molly Carlson, Jessica Macauley, Kaylea Arnett, France's Gary Hunt, ___ Organizations: Tokyo Games, Paris Olympics, Doha, Australia, Doha Old Locations: DOHA, Qatar, Hong Kong, Fukuoka, “ Paris, Paris, Elijah Winnington of Australia, Doha, Doha Old Port, Canada
New Zealand central bank blames inflation for restrictive policy
  + stars: | 2024-02-12 | by ( ) www.cnbc.com   time to read: +1 min
Adrian Orr, governor of the Reserve Bank of New Zealand (RBNZ), speaks during a news conference in Wellington, New Zealand, on Thursday, Aug. 9, 2018. New Zealand's top central banker on Monday said the inflation challenge was still not over and cited broad financial pressure for retaining a "restrictive monetary policy" position. Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr, appearing before a parliamentary committee, said the current inflation rate at 4.7% was still too high and that the board's aim was to continue to slow it down to around 2%. "That's why we've retained a restrictive monetary policy stance with the official cash rate at 5.5% and we'll be back at the end of this month again with our updated views on the wisdom of that stance," Orr told lawmakers. The bank is due to meet at the end of the month.
Persons: Adrian Orr, we've, we'll, Orr Organizations: Reserve Bank of New Zealand Locations: Wellington , New Zealand
Yen near 10-week low, dollar buoyant as traders adjust rate bets
  + stars: | 2024-02-09 | by ( ) www.cnbc.com   time to read: +3 min
The yen wallowed near a 10-week low on Friday, while the dollar ground towards a fourth weekly advance as traders dialed back bets on how quickly the Bank of Japan, or BOJ, will raise interest rates and how soon the Federal Reserve will cut them. The yen wallowed near a 10-week low on Friday, while the dollar ground towards a fourth weekly advance as traders dialed back bets on how quickly the Bank of Japan, or BOJ, will raise interest rates and how soon the Federal Reserve will cut them. The yen was little changed at 149.315 per dollar in early Asian trading, after dipping to 149.48 late in the previous session for the first time since Nov. 27. Both currencies have been relatively resilient with officials from the European Central Bank and Bank of England pushing back against market wagers on early rate reductions. New Zealand's dollar gained 0.34% to $0.6117, supported by bets for a delayed start to Reserve Bank rate cuts - or even the potential for further hikes - after data this week showed a stronger-than-forecast jobs market.
Persons: Shinichi Uchida, Shunichi Suzuki, Jerome Powell, FOMC, Richard Franulovich, Sharon Zollner, bitcoin Organizations: Bank of Japan, Federal Reserve, BOJ, Japanese Finance, Traders, European Central Bank and Bank of England, Reserve, ANZ Locations: Tokyo
By Lucy CraymerWELLINGTON (Reuters) - Roughly 600 protesters on Tuesday marched to where New Zealand’s founding document was signed in the town of Waitangi, as official celebrations competed with protests against proposed government policies that threaten Indigenous rights. Demonstrators were protesting New Zealand's centre-right coalition's promises to undo policies that promoted the official use of the Maori language and sought to enhance Indigenous living standards and rights. The protesters arrived carrying signs asking the treaty be honoured and many people were waving the national Maori flag or the United Tribes flag. Prime Minister Christopher Luxon and some of his coalition ministers arrived at the venue on Monday and were met by protesters displeased at moves to change Indigenous policy. Protest has long been part of Waitangi celebrations and in 1995 official events had to be cancelled due to anger over government policies.
Persons: Lucy Craymer WELLINGTON, ” Moea Armstrong, Christopher Luxon, Lucy Craymer, Josie Kao Organizations: Reuters, New, Maori, United Tribes, British Crown Locations: Waitangi, New, New Zealand
During the welcome, or powhiri, Luxon's speech only went ahead after a Maori elder called for respect. The government has also said it will introduce, but are not committed to passing, a bill that would reinterpret the Treaty of Waitangi. Organiser are expecting upwards of 60,000 people to attend Waitangi Day events, which started on Saturday making it the biggest event since the 150-year celebrations in 1990. Protest has long been part of Waitangi celebrations and in 1995 official events had to be cancelled due to anger over government policies. In 2016, a minister was struck in the face by a dildo thrown by a woman protesting a trade agreement.
Persons: Lucy Craymer WELLINGTON, Christopher Luxon, we’d, there’d, Luxon, Lucy Craymer, Michael Perry Organizations: Reuters, New, British Crown, Waitangi Locations: New Zealand, Waitangi
By Lucy CraymerWELLINGTON (Reuters) - The New Zealand government on Friday withdrew a bill that would have allowed sixteen year olds to vote in local government elections if it had passed. New Zealand's highest court ruled in late 2022 that the country's current voting age of 18 was discriminatory, forcing parliament to discuss whether it should be lowered. The previous Labour government last year ruled out the possibility of lowering the voting age to 16 for national elections, but had sought to legislate a lower voting age for local government elections. "Worrying about how to implement a new voting age regime would be a costly distraction for councils who have enough issues to deal with right now," he said. "Democracy is when voters choose their politicians, not when politicians choose their voters," they said in a statement posted on X, formerly known as Twitter.
Persons: Lucy Craymer WELLINGTON, Simeon Brown, Lucy Craymer, Lincoln Organizations: Reuters, New, Friday, Labour, Local, National Party, Twitter Locations: New Zealand
New Zealand to Send Defence Team to Support Red Sea Security
  + stars: | 2024-01-22 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +2 min
SYDNEY (Reuters) - New Zealand will deploy a six-member defence team to the Middle East as part of an international coalition to uphold maritime security in the Red Sea, Prime Minister Christopher Luxon said on Tuesday. "Houthi attacks against commercial and naval shipping are illegal, unacceptable and profoundly destabilising," Luxon said during a media briefing. "This deployment ... is a continuation of New Zealand's long history of defending freedom of navigation both in the Middle East and closer to home." They have also deepened concern that fallout from the Israel-Hamas war could destabilize the Middle East. "Any suggestion our ongoing support for maritime security in the Middle East is connected to recent developments in Israel and the Gaza Strip, is wrong," Peters said.
Persons: Christopher Luxon, Luxon, Winston Peters, Peters, Renju Jose, Miral Fahmy Organizations: SYDNEY, Pentagon, Foreign Locations: New Zealand, Red, United States, Britain, Iranian, Yemen, Gaza, Israel, Zealand, . New Zealand, Sydney
Maori King Tuheitia, who hosted the event, told attendees their voices matter but it was not just talk, a solution that was needed. Critics say these vows are the most significant step backward for Maori rights in decades, and some have taken legal action. The Maori king had called on tribes from around the country last month to gather at his traditional meeting grounds, or Marae in Ngaruawahia, south of Auckland, to discuss how Maori respond. “Just be Maori, Maori all day, everyday, we are here, we are strong,” he said. The prime minister met the Maori king earlier this week and said he was supportive of the meeting.
Persons: Lucy Craymer WELLINGTON, Tuheitia, we've, Christopher Luxon, , ” Tuheitia, , Luxon, Lucy Craymer, Raju Gopalakrishnan Organizations: Reuters, New Zealand Maori, reo, awa Locations: North Island, Ngaruawahia, Auckland, Waitangi, New
Tolkien’s imagination – and therefore sadly off limits to tourists – the Hobbiton Movie Set provides a pretty good substitute. The Hobbit sets – mostly facades built into landscaped hillsides – have operated as a tourist attraction in some capacity since 2002, but until recently most of the Hobbit Holes have been out of bounds to visitors. The Hobbiton Movie Set formed the backdrop to the "Lord of the Rings" movies and the subsequent Hobbit trilogy and is now a tourist attraction. Shaun JeffersNow, two fully decorated Hobbit Holes have opened to the public for the first time. Shaun JeffersExploring the Hobbit Holes is now included as part of the Hobbiton tour experience.
Persons: J.R.R, Peter Jackson, , Shaun Jeffers, Hobbiton, , it’s, , crouch, Doom, Conor McNish, Lane, Aragorn, Gandalf, King Théoden, Rohan, ’ ”, ” CNN’s Thomas Page Organizations: CNN, Getty, CNN Travel, Mount, Sunday Locations: New Zealand, Matamata, Waikato, , Auckland, Hobbiton, LOTR, Zealand, South, Ngauruhoe, Ruapehu, London
[1/4] People take part in a march lead by New Zealand political party Te Pati Maori to demonstrate against the incoming government and its policies, in Wellington, New Zealand, December 5, 2023. The protest action was called for by political party Te Pati Maori and coincides with the opening of New Zealand's 54th parliament. "This is not a protest, this is an activation," Te Pati Maori co-leader Rawiri Waititi told Wellington protesters who marched through the city to the country's distinctive Beehive parliament building. New Zealand police said there had been traffic disruptions but the protests were peaceful and there were no arrests. David Seymour, leader of libertarian party ACT New Zealand, said in a statement the protest was just theatrics when New Zealanders just want their government to get on with fixing the many issues the country is dealing with.
Persons: Te Pati, Lucy Craymer, Rawiri Waititi, Kathy Hughes, Hughes, David Seymour, Britain's King Charles III, Te Pati Maori's, King Charles, Sandra Maler Organizations: New Zealand, REUTERS, Rights, National Party, New Zealand First, ACT New Zealand, Labour Party, Wellington, police, New, Thomson Locations: New, Wellington , New Zealand, New Zealand's, Wellington, Zealanders, Waitangi, Lincoln
Dec 4 (Reuters) - A look at the day ahead in Asian markets. The dollar shed 3% in November, its biggest monthly fall in a year, and last week fell for a third week in a row. Many will argue that the U.S. bond and rates markets have gotten far too carried away, and that the Fed will not ease so quickly and aggressively next year. But Fed policymakers are now in their 'blackout period' ahead of the December 12-13 policy meeting. In stark contrast to the Fed, rates futures markets are barely pricing in any rate cuts from the RBA next year at all.
Persons: Wall, Jerome Powell, Jamie McGeever, Diane Craft Organizations: Treasury, Reuters, Reserve Bank of Australia, Thomson Locations: Zealand, Australia, India, South Korea, Philippines, Thailand, Japan, Korea
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