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☆ 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

☆ Election 2024 Trump rolls in Nevada, Biden is roiled by a special counsel — and the race remains largely unchanged.
▼ + stars: | 2024-02-09 | by ( Chris Cameron | Michael Gold | ) www.nytimes.com time to read: +6 min

Even in a campaign in which Mr. Trump’s dominance has sapped the race of much of its drama, his win in Nevada felt particularly preordained. Embarrassingly for Ms. Haley, she was heavily outvoted in that election by a “None of These Candidates” option on the ballot. She was essentially unopposed, but even without Mr. Trump on the ballot, Republican voters rejected her. Ms. Haley still won the contest, but its results were effectively immaterial. Mr. McDonald also repeatedly pushed false claims of voter fraud that remain at the heart of Mr. Trump’s lie that the 2020 election was stolen from him.

Persons: Donald J, Trump, Nikki Haley, Embarrassingly, Haley, Trump’s, trouncing Ms, Haley’s, Biden, Max Whittaker, William E, ”, Susan Sevilleja, “, Michael J, McDonald, Biden’s, McDonald’s, Ron DeSantis, Kellen Browning Organizations: Nevada’s Republican, Associated Press, Nevada Republican Party, Republican Party, Republican, U.S . Virgin, Republicans, Democratic, Mar, The New York Times, Nevada Republicans, William, Orr Middle, White House, Mr, Trump, Gov Locations: Nevada’s, Nevada, Colorado, Florida, Las Vegas

☆ Chinese Embassy in Netherlands Says China Would Never Allow Cyberattacks
▼ + stars: | 2024-02-06 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) -China would never allow any Chinese entities or individuals to conduct illegal activities such as cyberattacks or use Chinese facilities for such attacks, the Chinese embassy in the Netherlands said in a statement on Wednesday. The embassy was responding to a report by Dutch intelligence agencies that said Chinese state-backed cyber spies gained access to a Dutch military network last year. "China opposes any malicious speculation and groundless accusations, and advocates joint efforts to safeguard cybersecurity through dialogue and cooperation," an embassy spokesperson was quoted as saying in the statement. According to a Reuters report, the U.S. government in recent months launched an operation to fight a pervasive Chinese hacking operation that compromised thousands of internet-connected devices. The Netherlands embassy spokesperson said the "Chinese government has always resolutely opposed and cracked down on all forms of cyberattacks in accordance with the law."

Persons: Bernard Orr, Tom Hogue Locations: BEIJING, China, Netherlands, Dutch, Philippines, U.S

☆ Chinese Vessel in Maldives Being Used for Scientific Research -Foreign Ministry
▼ + stars: | 2024-02-06 | by ( Feb. | At A.M. | ) www.usnews.com time to read: 1 min

BEIJING (Reuters) - Research being carried out by a Chinese vessel calling at a port in the Maldives is exclusively for peaceful purposes and enhancing scientific understanding, the Chinese foreign ministry said on Tuesday as the research vessel is set to arrive in the island nation. The Xiang Yang Hong 3 will "make a port call, for rotation of personnel and replenishment", the Maldivian foreign ministry had said in a statement in January. The presence of the vessel is likely to raise the concern of India, which has previously viewed such vessels close to its shores as problematic. (Reporting by Joe Cash; Writing by Bernard Orr; Editing by Tom Hogue)

Persons: Xiang Yang Hong, Joe Cash, Bernard Orr, Tom Hogue Locations: BEIJING, Maldives, Maldivian, India

☆ South Carolina Primary Tests Biden Support With Black Voters
▼ + stars: | 2024-02-03 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +4 min

By Trevor Hunnicutt, Jarrett Renshaw and Liliana SalgadoCOLUMBIA, South Carolina (Reuters) - U.S. President Joe Biden's re-election bid goes before voters for the first time on Saturday, when Democrats hold their inaugural 2024 primary in South Carolina. Harris said on Friday in Orangeburg, South Carolina. Some South Carolina voters said Biden's re-election bid left something to be desired. South Carolina plays host to the next major Republican presidential nominating battle as well, on Feb. 24. In a recent speech to state Democrats, Phillips said he expects 95% of the state will go for Biden in the primary.

Persons: Trevor Hunnicutt, Jarrett Renshaw, Liliana Salgado COLUMBIA, Joe Biden's, Biden, Kamala Harris, Harris, Donald Trump, Biden's, Martin Orr, Trump, Biden reordered, Joe Biden, Kirk Randazzo, Dean Phillips, Marianne Williamson, Phillips, Liliana Salgado, Heather Timmons, Will Dunham Organizations: U.S ., Democratic, Reuters, Republican, South, South Carolina voters, Trump, South Carolina, University of South, Democrats, U.S, Biden Locations: South Carolina, U.S, Orangeburg , South Carolina, Carolina, McConnells , South Carolina, Iowa, New Hampshire, South, University of South Carolina, Columbia, South Carolina's, In New Hampshire, Washington

☆ Heavy Fog Suspends Shipping at Chinese Ports; Shanghai Issues Heightened Advisory
▼ + stars: | 2024-01-30 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) - Heavy fog has suspended the operation of ships travelling through the Qiongzhou Strait off the coast of China's Guangdong province and several cities, including Shanghai, have issued warning advisories, Chinese state media reported on Wednesday. China has a three-tier colour-coded warning system for thick fog, with red being the most serious, followed by orange and yellow. CCTV also reported that more than 100 airports across the country issued haze and snow warnings. Heavy snow is also affecting several provinces, including Henan and Hubei, forcing the closure of several roads, CCTV reported. Chinese weather forecasters have warned that snow and freezing rain over the next several days is expected to hamper transportation for millions of Chinese as they travel across the country for the Chinese New Year.

Persons: Bernard Orr, Stephen Coates Organizations: Shanghai Central Meteorological Locations: BEIJING, Qiongzhou, China's Guangdong, Shanghai, Port, Guangxi, China, Henan, Hubei

☆ Brood XIII and Brood XIX: What to expect from 2024’s rare double brood emergence of cicadas
▼ + stars: | 2024-01-26 | by ( Kate Golembiewski | ) edition.cnn.com time to read: +8 min

The 13-year group, known as Brood XIX, or the Great Southern Brood, is the largest periodical cicada brood, stretching across the southeastern United States. The Northern Illinois Brood, or Brood XIII, emerges every 17 years. Periodical cicadas are smaller and mostly black, with bright red eyes and orange-tinged wings and legs. Billions of cicadas are expected this spring as two different broods — Broods XIX and XIII — emerge simultaneously. However, predictions of a cicadapocalypse — in which Brood XIII and Brood XIX show up at the same place at the same time — are probably an exaggeration.

Persons: hasn’t, Thomas Jefferson, —, “, ”, Jonathan Larson, don’t, XIII —, Jason Bergman, ” Larson, We’re, Chris Simon, XIII haven't, Chip Somodevilla, Larson, Cheney Orr, ” Simon, Kate Golembiewski Organizations: CNN, Southern, Northern Illinois, University of Kentucky, Midwest, University of Connecticut, Reuters Locations: United States, Indianapolis, Northern Illinois, Wisconsin, Iowa, Indiana, Illinois, Missouri, Kentucky , Tennessee, Virginia, Maryland, North Carolina, South Carolina , Georgia, Alabama , Mississippi, Louisiana, Arkansas, Columbia , Maryland, America, Chicago

☆ China Military Says US Destroyer in Taiwan Strait 'Hyped' up Passage
▼ + stars: | 2024-01-24 | by ( Jan. | At P.M. | ) www.usnews.com time to read: 1 min

BEIJING (Reuters) - China's military said it organized troops to follow and monitor a U.S. destroyer that transited through the Taiwan Strait on Wednesday, according to a statement. A spokesperson for the Eastern Theater Command of the People's Liberation Army said the USS John Finn destroyer "openly hyped" up the passage, in a statement released late Wednesday. "Recently, the U.S. military has frequently carried out provocative acts and maliciously undermined regional peace and stability. The troops in the theater are on high alert at all times and resolutely defend national sovereignty," the spokesperson said. (Reporting by Bernard Orr and Shanghai newsroom; Editing by Chris Reese)

Persons: John Finn, Bernard Orr, Chris Reese Organizations: Eastern Theater Command, People's Liberation Army, U.S . Locations: BEIJING, U.S, Taiwan Strait, Shanghai

☆ Death Toll in China Landslide Rises to 11, Rescuers Still Search for Missing
▼ + stars: | 2024-01-22 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

BEIJING (Reuters) - The death toll from a landslide in China's Yunnan province rose to 11 on Tuesday as rescue workers battled freezing temperatures and snow to locate dozens of missing people. Rescuers worked through the night sifting deep mounds of earth at the site of the landslide in Zhenxiong County, state-owned China Central Television (CCTV) reported on Tuesday. After the landslide hit on Monday, at least 47 people from 18 households were reported missing, CCTV said. Eight of the missing were found dead on Monday afternoon, according to Zhaotong Daily, a local state-owned media outlet. "The mountain just collapsed, dozens were buried," a man surnamed Gu, who witnessed the landslide, told the state-owned TV station for the neighbouring province of Guizhou.

Persons: Rescuers, Gu, Bernard Orr, Shri Navaratnam Organizations: China Central Television, Sichuan Daily Newspaper Press Locations: BEIJING, China's Yunnan, Zhenxiong County, Zhaotong, Guizhou, Shanghai

☆ Dozens Missing in Landslide in Southwest China's Yunnan Province
▼ + stars: | 2024-01-21 | by ( Jan. | At P.M. | ) www.usnews.com time to read: 1 min

BEIJING (Reuters) - A landslide in a city in the northeast of China's Yunnan province has left at least 47 people unaccounted for and rescue operations were currently underway, Chinese state media said on Monday. At about 5:51 a.m. (2151 GMT), a landslide hit the city of Zhaotong and local government officials launched a disaster relief emergency response, the People's Daily reported. It's not clear what caused the landslide. Yunnan, in southwest China, is among several provinces in the country's southern region currently experiencing a cold wave and bitter temperatures near or below freezing, according to the National Meteorological Centre. (Reporting by Bernard Orr and Qiaoyi Li; Editing by Christian Schmollinger)

Persons: Bernard Orr, Qiaoyi Li, Christian Schmollinger Organizations: National Meteorological Centre Locations: BEIJING, China's Yunnan, Zhaotong, Yunnan, China

☆ Skiing: A new artificial snow-making technology could offer a lifeline to struggling resorts
▼ + stars: | 2024-01-20 | by ( Laura Paddison | ) edition.cnn.com time to read: +8 min

CNN —Nestled in the Pyrenees mountains, La Molina is Spain’s oldest ski resort. An industry in perilSpain has been struggling with scorching heat waves and a years-long drought, and Catalonia, the region where La Molina is located, has been particularly hard hit. But La Molina is far from the only ski resort trying to plot a future in a warmer, dryer world. “Current best estimates are that 95% of ski resorts rely on snowmaking to some extent to remain viable,” Orr told CNN. That’s exactly what the La Molina project aims to do — to see if the lab results can be replicated in the real world.

Persons: Molina, La Molina, FGC, Albert Verdaguer, Verdaguer, ”, ” Verdaguer, It’s, Ramón Pascual Berghaenel, Madeleine Orr, ” Orr, Snow, Jordy Hendrikx, “, Hendrikx, La, Hendrickx, snowmaking, Laura Rodríguez, ” Hendrikx, let’s, Vedaguer Organizations: CNN, Laboratory, Barcelona Institute of Materials Science, Northern Locations: Spain, Catalonia, Europe, Antarctica New Zealand, La Molina

☆ Vivek Ramaswamy Has a Strategy, but It Rests on Trump’s Exit
▼ + stars: | 2024-01-14 | by ( Eliza Collins | John Mccormick | ) www.wsj.com time to read: 1 min

Vivek Ramaswamy Photo: cheney orr/ReutersWEST DES MOINES, Iowa—For those who speculate about what Vivek Ramaswamy really wants out of his long-shot Republican presidential bid—perhaps a podcast or a television contract—the wealthy biotech entrepreneur has one answer. “I expect to be the president,” he said in an interview as he crisscrossed this state ahead of the presidential caucuses Monday that will start the 2024 nomination balloting. But that expectation rests on hopes for a dramatic change in the race: Donald Trump’s departure.

Persons: Vivek Ramaswamy, cheney orr, —, “, ”, Donald Trump’s Organizations: Reuters, DES Locations: DES MOINES, Iowa

☆ China Calls for Larger-Scale Peace Conference on Gaza Crisis -Wang Yi
▼ + stars: | 2024-01-14 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

BEIJING (Reuters) - China Foreign Minister Wang Yi said the war in Gaza continues to escalate and China is calling for a larger-scale, more authoritative and effective international peace conference and a concrete timetable to implement a two-state solution. Wang made the comments to reporters after talks with the Egyptian Foreign Minister Sameh Shoukry in Cairo, sharing his views on the Israel-Hamas war, according to a statement from the Chinese foreign ministry late on Sunday. Wang, China's top diplomat, is currently travelling through Egypt, Tunisia, Togo and the Ivory Coast until Thursday. Wang said the infrastructure of the Gaza Strip has been completely destroyed, with millions struggling to survive. He said China has decided to provide a third tranche of emergency humanitarian assistance.

Persons: Wang Yi, Wang, Sameh Shoukry, Ahmed Aboul Gheit, Bernard Orr, Sonali Paul, Michael Perry Organizations: China Foreign, Egyptian Foreign, League of, Xinhua, West Bank Locations: BEIJING, Gaza, China, Cairo, Israel, Egypt, Tunisia, Togo, Ivory Coast, League of Arab, East Jerusalem

☆ Vivek Ramaswamy Has a Strategy, But It Rests on Trump’s Exit
▼ + stars: | 2024-01-13 | by ( Eliza Collins | John Mccormick | ) www.wsj.com time to read: 1 min

Persons: Vivek Ramaswamy, cheney orr, —, “, ”, Donald Trump’s Organizations: Reuters, DES Locations: DES MOINES, Iowa

☆ How Iowa’s Economy Is Faring Heading Into the Caucuses, in Seven Charts
▼ + stars: | 2024-01-13 | by ( Harriet Torry | ) www.wsj.com time to read: 1 min

Workers sand and buff metal at Stellar Industries in Garner, Iowa. Photo: Cheney Orr for The Wall Street JournalAs Iowa gears up to host the first 2024 Republican presidential nominating contest on Jan. 15, the state’s economy is growing but at a slower pace than most of the country. Home to 3.2 million people, the Hawkeye State is nearly 90% white and just under a third of its residents are college-educated. A smaller share of people in Iowa live in poverty than the U.S. average, 11% compared with 12.6% nationwide. The state’s economy depends on the retail, agriculture and manufacturing industries.

Persons: Cheney Orr, Hawkeye Organizations: Stellar Industries, The Wall, Hawkeye State Locations: Garner , Iowa, Iowa, U.S

☆ Trump’s Hold on Rural America Is Key to His Resilience
▼ + stars: | 2024-01-13 | by ( John Mccormick | Photographs Cheney Orr For The Wall Street Journal | ) www.wsj.com time to read: 1 min

GARNER, Iowa—Republican voters in Hancock County largely rejected Donald Trump eight years ago, giving him less than a fifth of the vote in the GOP caucuses. As recently as a year ago, some party faithful here and elsewhere in Iowa seemed eager to move on, saying they were tired of the former president’s chaos and liabilities. Now Trump appears poised to win this county Monday and claim victory in Iowa’s caucuses, powered largely by his overwhelming support among rural voters who see him as the best candidate to advance a populist conservative agenda. That pattern has played out in similar places across the country, helping explain why Trump has a hold over the Republican Party and is the nomination front-runner.

Persons: GARNER, Donald Trump, Trump Organizations: Republican, Republican Party Locations: Iowa, Hancock County, Iowa’s

☆ China says visa-free travel policy has boosted tourism
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Dec 5 (Reuters) - China's foreign ministry said on Tuesday its visa-free travel policy has produced a clear effect, making things easier for travellers. "Going forward, the Ministry of Foreign Affairs will continue to adjust visa policies to create more favourable conditions and further facilitate cross-border travel," spokesperson Wang Wenbin told a press briefing when asked for an update on tourism after China announced the policy, which covers several European countries and Malaysia. Travellers walk past an installation in the shape of five stars, at Beijing Daxing International Airport in Beijing, China April 24, 2023. Germany's ambassador to China had expressed hope that China would extend the measures to all European Union members. Reporting by Andrew Hayley; Writing by Liz Lee and Bernard Orr; Editing by Tom Hogue and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Wang Wenbin, Tingshu Wang, Wang, Andrew Hayley, Liz Lee, Bernard Orr, Tom Hogue Organizations: Ministry of Foreign Affairs, China, Beijing Daxing International, REUTERS, European Union, Thomson Locations: BEIJING, Malaysia, Beijing, China, France, Germany, Italy, Netherlands, Spain

☆ China's LandSpace readies satellite launch with methane rocket
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Dec 4 (Reuters) - Beijing-based LandSpace Technology, one of China's private space companies, is preparing to launch a satellite payload to orbit in the first commercial test of its rocket powered by liquid fuel using methane and oxygen. The company did not specify a launch window for the rocket, which will blast off from Jiuquan Satellite Launch Center in Inner Mongolia. The company had fundraising rounds of undisclosed sizes since, Chinese company record tracking database Tianyancha showed. LandSpace rival OrienSpace, founded in 2020, said it plans to launch its first rocket, Gravity-1, based on solid fuel, in December. ($1 = 7.1368 Chinese yuan renminbi)Reporting by Ella Cao, Roxanne Liu and Bernard Orr; Editing by Kevin Krolicki and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: LandSpace's, LandSpace, Elon Musk's, Jeff Bezos, Zhang Changwu, OrienSpace, Ella Cao, Roxanne Liu, Bernard Orr, Kevin Krolicki Organizations: Technology, Weibo, Jiuquan, Elon, Elon Musk's SpaceX, SpaceX, Sequoia Capital, China SME Development Fund, LandSpace's, Thomson Locations: BEIJING, Beijing, Inner Mongolia, China, U.S, HongShan, Sequoia Capital China

☆ China Says Summit With EU Leaders to Discuss Global Economic Issues
▼ + stars: | 2023-12-04 | by ( Dec. | At A.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) - The China-EU summit will be held on Thursday in Beijing, China's foreign ministry said on Monday, where leaders of both sides will discuss strategic and global economic issues of common interest. "China and Europe are partners, not rivals ... our common interests far outweigh our differences," foreign ministry spokesperson Wang Wenbin said at a regular press briefing. Chinese President Xi Jinping will meet with President of the European Council Charles Michel and President of the European Commission Ursula von der Leyen, state media reported. "We will explore ways to solve problems through dialogue and consultation," Wang said, adding that "we will cooperate to meet global challenges and inject new impetus into the world and increase stability in the international situation." (Reporting by Liz Lee and Beijing newsroom; Writing by Bernard Orr; Editing by Tom Hogue and Jamie Freed)

Persons: Wang Wenbin, Xi Jinping, Charles Michel, Ursula von der, Wang, Liz Lee, Bernard Orr, Tom Hogue, Jamie Freed Organizations: European Locations: BEIJING, China, EU, Beijing, Europe

☆ China's military: US combat ship 'illegally' entered territorial waters
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

[1/2] An aerial view shows the BRP Sierra Madre on the contested Second Thomas Shoal, locally known as Ayungin, in the South China Sea, March 9, 2023/File Photo Acquire Licensing RightsBEIJING, Dec 4 (Reuters) - China's military on Monday said a U.S. combat ship illegally entered waters adjacent to the Second Thomas Shoal, a disputed South China Sea atoll. "The U.S. seriously undermined regional peace and stability," said a spokesperson for China's Southern Theater of Operations in a statement. The spokesperson also said the U.S. deliberately disrupted the South China Sea and seriously violated China's sovereignty. China is in dispute with several of its neighbours over its extensive claims of territorial waters in the South China Sea. ship., and that "its troops in the theater are on high alert at all times to resolutely defend national sovereignty."

Persons: Thomas, Bernard Orr, Chizu Nomiyama, Diane Craft Organizations: BRP, BRP Sierra Madre, Rights, China's Southern Theater of Operations, People's Liberation Army, Philippine Coast Guard, Thomson Locations: BRP Sierra, South China, Rights BEIJING, U.S, China, South, Shanghai

☆ Malaysia invites China's Xi to visit, ramps up tourism target
▼ + stars: | 2023-12-01 | by ( Liz Lee | ) www.reuters.com time to read: +2 min

Journalists watch a giant screen broadcasting footage of Chinese President Xi Jinping speaking at the opening ceremony of the Third Belt and Road Forum (BRF), at the media centre in Beijing, China October 18, 2023. Government data showed Malaysia welcomed 498,540 Chinese tourists in the six months to June this year, a figure almost a third of pre-pandemic levels. Malaysia's economic growth is expected to meet the government's target of 4% this year, driven in part by stronger tourism. Malaysia's Prime Minister Anwar Ibrahim has also invited China's President Xi Jinping to visit the country, Norman said. "We are hoping that President Xi will consent to visiting Malaysia," he added.

Persons: Xi Jinping, Tingshu Wang, China's, Xi Jingping, Norman Muhamad, Anwar Ibrahim, Norman, Xi, Wang Yi, Zambry Abdul Kadir, Liz Lee, Bernard Orr, Ethan Wang, Jacqueline Wong Organizations: REUTERS, Rights, Malaysian, Malaysia's, Thomson Locations: Beijing, China, Rights BEIJING, Malaysia, Thailand, Government, New York

☆ China's Xi tells coast guard to enforce maritime law
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

China's President Xi Jinping attends the Leaders Retreat at the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco, California, U.S. November 17, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsBEIJING, Dec 1 (Reuters) - China's President Xi Jinping has said the country's coast guard must enforce maritime law and crack down on "criminal activities" to defend China's territorial sovereignty, state media reported on Friday. Xi made the comments as he inspected the China Coast Guard's command office for the East China Sea area and the performance of the coast guard's ships by video, Xinhua news agency reported. "It is necessary to establish and improve the coordination and cooperation mechanism of maritime law enforcement, severely crack down on illegal and criminal activities at sea," Xi said. The Chinese coast guard has had several confrontations with vessels from the Philippines in disputed territorial waters in the South China Sea.

Persons: Xi Jinping, Carlos Barria, Xi, Ella Cao, Bernard Orr, Christina Fincher, Barbara Lewis Organizations: Economic Cooperation, REUTERS, Rights, East, Thomson Locations: Asia, San Francisco , California, U.S, Rights BEIJING, East China, Xinhua, Philippines, South China

☆ Reserve Bank of New Zealand is concerned about whether inflation will ease fast enough
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReserve Bank of New Zealand is concerned about whether inflation will ease fast enoughAdrian Orr, governor of the Reserve Bank of New Zealand, says "our expectation is that inflation will continue to decline in New Zealand. Our concern is … whether it will decline fast enough to ensure that inflation expectations remain anchored."

Persons: Adrian Orr Organizations: Email Reserve Bank of New, Reserve Bank of New Locations: Email Reserve Bank of New Zealand, Reserve Bank of New Zealand, New Zealand

☆ New Zealand's central bank defends Maori language use
▼ + stars: | 2023-11-29 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

[1/3] Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr is pictured during an interview at the bank in Wellington, New Zealand, April 16, 2019. REUTERS/Charlotte Greenfield/File Photo Acquire Licensing RightsWELLINGTON, Nov 29 (Reuters) - New Zealand’s central bank chief defended its use of the Maori language in official communications on Wednesday, as the country’s new centre-right government looks to roll back the use of the Indigenous language in the public sector. Central bank governor Adrian Orr said at a media conference following the bank’s monetary policy meeting that it was proud of its Maori name "Te Putea Matua" and would continue to use it in addition to the Reserve Bank of New Zealand (RBNZ). Over the past few years, the RBNZ has undergone an overhaul that puts the country's Maori heritage and language at the centre of its operations. The government has not released specific details on the policies and it is unclear whether they would directly impact the central bank.

Persons: Adrian Orr, Charlotte Greenfield, Orr, Christopher Luxon's, Luxon, Lucy Craymer, Sam Holmes Organizations: Bank of New Zealand, REUTERS, Rights, Reserve Bank of New Zealand, Labour, New Zealand, prudential, Thomson Locations: Wellington , New Zealand, Central, Te Ao

☆ China's Xi visits financial hub Shanghai
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +3 min

Chinese President Xi Jinping attends the Leaders Retreat at the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, California, U.S., November 17, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsSHANGHAI, Nov 29 (Reuters) - China President Xi Jinping visited Shanghai, where he went to several venues and learned about the city's efforts to strengthen its competitiveness as an international financial centre, Xinhua news agency reported on Wednesday. Xi made the trip on Tuesday and Wednesday and he inspected the Shanghai Futures Exchange, an exhibition on Shanghai's sci-tech innovations and a government-subsidized rental housing community, the report said. Vice Premier He Lifeng, Shanghai's Communist party secretary Chen Jining and Mayor Gong Zheng also accompanied his visit. It was his first visit to the city since November 2020 and comes a year after historic street protests against China's zero-COVID policy broke out in Shanghai.

Persons: Xi Jinping, Kevin Lamarque, Xi, Cai Qi, Chen Jining, Gong Zheng, Xi's, Premier Li Qiang, Brenda Goh, Bernard Orr, Ella Cao, Ethan Wang, Mark Potter, Louise Heavens, Chizu Nomiyama, Mark Porter Organizations: Economic Cooperation, REUTERS, Rights, Shanghai Futures Exchange, Communist Party of China Central Committee, CPC, Communist, Shanghai Free, Trade, Disney, L'Oreal, Premier, Thomson Locations: Asia, San Francisco , California, U.S, China, Shanghai, Xinhua, Minhang

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