China’s Huawei announces small increase in new 5G customer base

Huawei Technologies on Tuesday said it has secured more than 25 commercial contracts for 5G, slightly above the 22 the Chinese technology giant had announced in November. Huawei has shipped more than 10,000 base stations for the fifth generation of mobile communications, its rotating chairman Ken Hu told reporters at the company’s campus in Dongguan in southern China. The company did not give any details on customers. She is awaiting possible extradition to the United States in a case that has r


Huawei Technologies on Tuesday said it has secured more than 25 commercial contracts for 5G, slightly above the 22 the Chinese technology giant had announced in November. Huawei has shipped more than 10,000 base stations for the fifth generation of mobile communications, its rotating chairman Ken Hu told reporters at the company’s campus in Dongguan in southern China. The company did not give any details on customers. She is awaiting possible extradition to the United States in a case that has r
China’s Huawei announces small increase in new 5G customer base Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-18
Keywords: news, cnbc, companies, increase, united, customer, press, wanzhou, company, chinas, announces, zhengfei, woes, base, chinese, 5g, small, huawei, weeks, zealand


China's Huawei announces small increase in new 5G customer base

Huawei Technologies on Tuesday said it has secured more than 25 commercial contracts for 5G, slightly above the 22 the Chinese technology giant had announced in November.

Huawei has shipped more than 10,000 base stations for the fifth generation of mobile communications, its rotating chairman Ken Hu told reporters at the company’s campus in Dongguan in southern China.

The company did not give any details on customers.

The press conference, which comes a couple of weeks after Huawei’s chief financial officer Meng Wanzhou – also the daughter of its founder Ren Zhengfei – was arrested in Canada at the request of the United States.

She is awaiting possible extradition to the United States in a case that has roiled global markets.

This has added to the woes of the Chinese firm, which has already been virtually locked out of the U.S. market and has been prohibited by Australia and New Zealand from building 5G networks on concerns its gear could facilitate Chinese spying.

The company has repeatedly insisted Beijing has no influence over it, a point it reiterated at the press briefing on Tuesday.


Company: cnbc, Activity: cnbc, Date: 2018-12-18
Keywords: news, cnbc, companies, increase, united, customer, press, wanzhou, company, chinas, announces, zhengfei, woes, base, chinese, 5g, small, huawei, weeks, zealand


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China’s state-controlled media claim Canada is putting on a ‘show trial’ for Huawei executive

A Chinese state-run newspaper lashed out at Canada on Sunday over the arrest of a top Huawei executive, saying it is bowing to pressure from the United States and likening her treatment to a “show trial” aimed at humiliating China for challenging the U.S. in global technology leadership. Justice authorities in Canada arrested Meng Wanzhou, Huawei’s chief financial officer and daughter of company founder Ren Zhengfei, on Dec. 1 in Vancouver, reportedly over alleged violations of U.S. sanctions on


A Chinese state-run newspaper lashed out at Canada on Sunday over the arrest of a top Huawei executive, saying it is bowing to pressure from the United States and likening her treatment to a “show trial” aimed at humiliating China for challenging the U.S. in global technology leadership. Justice authorities in Canada arrested Meng Wanzhou, Huawei’s chief financial officer and daughter of company founder Ren Zhengfei, on Dec. 1 in Vancouver, reportedly over alleged violations of U.S. sanctions on
China’s state-controlled media claim Canada is putting on a ‘show trial’ for Huawei executive Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: kelly olsen, jane wolsak
Keywords: news, cnbc, companies, media, chinese, putting, chinas, meng, huawei, zealand, xi, claim, canada, war, china, washington, executive, zhengfei, statecontrolled, trial, website


China's state-controlled media claim Canada is putting on a 'show trial' for Huawei executive

A Chinese state-run newspaper lashed out at Canada on Sunday over the arrest of a top Huawei executive, saying it is bowing to pressure from the United States and likening her treatment to a “show trial” aimed at humiliating China for challenging the U.S. in global technology leadership.

Justice authorities in Canada arrested Meng Wanzhou, Huawei’s chief financial officer and daughter of company founder Ren Zhengfei, on Dec. 1 in Vancouver, reportedly over alleged violations of U.S. sanctions on Iran. Meng faces possible extradition to the U.S.

The detention comes within the broader context of the U.S.-China trade war and just as President Donald Trump and his Chinese counterpart Xi Jinping agreed to a 90-day truce at the G-20 Summit in Buenos Aires.

The English-language China Daily, in an editorial published Sunday on its website, accused Canada of detaining Meng for the sake of its relations with the U.S. The paper stressed that Washington maintains close intelligence ties with Ottawa under the “Five Eyes” sharing arrangement that also includes Britain, Australia and New Zealand.


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: kelly olsen, jane wolsak
Keywords: news, cnbc, companies, media, chinese, putting, chinas, meng, huawei, zealand, xi, claim, canada, war, china, washington, executive, zhengfei, statecontrolled, trial, website


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Huawei seeks meeting with New Zealand government following rejection of its 5G bid

Huawei Technologies said it was seeking clarification from New Zealand after the country’s intelligence agency rejected the telecommunication industry’s first request to use the Chinese firm’s equipment in its planned 5G mobile network. Huawei said it had not had formal contact with the Government Communication Security Bureau (GCSB), which has cited national security concerns in declining a proposal from telecoms operator Spark New Zealand to build its 5G network using Huawei equipment. “Huawei


Huawei Technologies said it was seeking clarification from New Zealand after the country’s intelligence agency rejected the telecommunication industry’s first request to use the Chinese firm’s equipment in its planned 5G mobile network. Huawei said it had not had formal contact with the Government Communication Security Bureau (GCSB), which has cited national security concerns in declining a proposal from telecoms operator Spark New Zealand to build its 5G network using Huawei equipment. “Huawei
Huawei seeks meeting with New Zealand government following rejection of its 5G bid Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: joan cros, nurphoto, getty images
Keywords: news, cnbc, companies, using, following, 5g, wrongdoing, zealand, meeting, seeking, seeks, bid, huawei, rejected, way, rejection, clarification, security


Huawei seeks meeting with New Zealand government following rejection of its 5G bid

Huawei Technologies said it was seeking clarification from New Zealand after the country’s intelligence agency rejected the telecommunication industry’s first request to use the Chinese firm’s equipment in its planned 5G mobile network.

Huawei said it had not had formal contact with the Government Communication Security Bureau (GCSB), which has cited national security concerns in declining a proposal from telecoms operator Spark New Zealand to build its 5G network using Huawei equipment.

“Huawei is seeking an urgent meeting with the relevant ministers and officials to understand the government’s position and get clarification of the process from here,” Huawei’s New Zealand deputy managing director Andrew Bowater said in an emailed statement on Thursday.

He said New Zealand had not presented any evidence of wrongdoing and Huawei rejected the notion that it threatened local businesses “in any way”.


Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: joan cros, nurphoto, getty images
Keywords: news, cnbc, companies, using, following, 5g, wrongdoing, zealand, meeting, seeking, seeks, bid, huawei, rejected, way, rejection, clarification, security


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New Zealand rejects Huawei’s first 5G bid citing national security risk

New Zealand’s intelligence agency has rejected the telecom industry’s first request in the country to use 5G equipment provided by China’s Huawei Technologies, citing concerns about national security. Telecommunications services provider Spark New Zealand, which made the request, said on Wednesday it would review the reasoning before considering any further steps. Earlier this year, neighboring Australia banned Huawei from supplying 5G equipment, also citing security risks. “I have informed Spar


New Zealand’s intelligence agency has rejected the telecom industry’s first request in the country to use 5G equipment provided by China’s Huawei Technologies, citing concerns about national security. Telecommunications services provider Spark New Zealand, which made the request, said on Wednesday it would review the reasoning before considering any further steps. Earlier this year, neighboring Australia banned Huawei from supplying 5G equipment, also citing security risks. “I have informed Spar
New Zealand rejects Huawei’s first 5G bid citing national security risk Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: smith collection gado, archive photos, getty images
Keywords: news, cnbc, companies, zealand, security, citing, bid, services, spark, risk, huaweis, concerns, work, huawei, rejects, request, 5g, national


New Zealand rejects Huawei's first 5G bid citing national security risk

New Zealand’s intelligence agency has rejected the telecom industry’s first request in the country to use 5G equipment provided by China’s Huawei Technologies, citing concerns about national security.

Telecommunications services provider Spark New Zealand, which made the request, said on Wednesday it would review the reasoning before considering any further steps.

The decision comes as Western nations become increasingly wary of what they say is possible Chinese government involvement in fifth-generation mobile and other communications networks. Huawei has repeatedly insisted Beijing has no influence over it.

Earlier this year, neighboring Australia banned Huawei from supplying 5G equipment, also citing security risks. Last week, the Wall Street Journal reported the U.S. government was trying to persuade companies in allied countries to avoid Huawei.

“I have informed Spark that a significant network security risk was identified,” Government Communications Security Bureau Director-General Andrew Hampton said separately on Wednesday.

Intelligence services minister Andrew Little told Reuters that Spark — whose request was part of the country’s first 5G application — could work with the agency to mitigate risk. He declined to specify the concerns, citing classified information.

Huawei said in a statement that it will “actively address any concerns and work together to find a way forward”, adding it has signed more than 20 5G contracts with carriers worldwide.


Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: smith collection gado, archive photos, getty images
Keywords: news, cnbc, companies, zealand, security, citing, bid, services, spark, risk, huaweis, concerns, work, huawei, rejects, request, 5g, national


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If growth outlook worsens interest rates could be cut further: Reserve Bank of New Zealand

Interest rates in New Zealand are at an all-time low and the central bank has signaled it could remain at its current level until 2020 — but the bank is willing to cut rates further if needed, the deputy governor of the Reserve Bank of New Zealand Geoff Bascand told CNBC on Tuesday. At the same time, he added, “we’ve also seen firms really saying that they are struggling to get hold of the labor that they need. The central bank maintained its official cash rate (OCR) at a record low of 1.75 perc


Interest rates in New Zealand are at an all-time low and the central bank has signaled it could remain at its current level until 2020 — but the bank is willing to cut rates further if needed, the deputy governor of the Reserve Bank of New Zealand Geoff Bascand told CNBC on Tuesday. At the same time, he added, “we’ve also seen firms really saying that they are struggling to get hold of the labor that they need. The central bank maintained its official cash rate (OCR) at a record low of 1.75 perc
If growth outlook worsens interest rates could be cut further: Reserve Bank of New Zealand Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: harini v
Keywords: news, cnbc, companies, told, central, rate, rates, growth, cut, reserve, weaker, bascand, interest, zealand, low, outlook, worsens, bank


If growth outlook worsens interest rates could be cut further: Reserve Bank of New Zealand

Interest rates in New Zealand are at an all-time low and the central bank has signaled it could remain at its current level until 2020 — but the bank is willing to cut rates further if needed, the deputy governor of the Reserve Bank of New Zealand Geoff Bascand told CNBC on Tuesday.

“(If) growth remains very soft, business confidence is very low — if that translates into weaker demand, weaker investment, then it is possible we would need to reduce the rate to provide a bit more stimulus,” Bascand, who was at the UBS Australasia conference, told CNBC’s Matt Taylor.

At the same time, he added, “we’ve also seen firms really saying that they are struggling to get hold of the labor that they need. The capacity constraints have been there.”

“In the face of that, we’re seeing a little bit of cost and price pressure on the horizon and so that also provides some upside risk to our rate track,” Bascand said, suggesting that wage inflation could prompt the RBNZ to consider raising interest rates.

The central bank maintained its official cash rate (OCR) at a record low of 1.75 percent for the 14th straight review on Thursday, and has previously indicated it could stay at this level through to 2020.

Bascand said cutting or hiking rates are both options that come with their own risks and noted that the central bank intends to maintain its interest rates while it watches the health of the economy closely.

“Right now, it’s best to sit and wait and watch — see how the data unfolds with risks on either side,” Bascand said.

— Reuters contributed to the article


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: harini v
Keywords: news, cnbc, companies, told, central, rate, rates, growth, cut, reserve, weaker, bascand, interest, zealand, low, outlook, worsens, bank


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Space unicorn Rocket Lab reaches orbit again in key first commercial launch

“Perfect flight,” Rocket Lab CEO Peter Beck said in a tweet after the launch. The launch keeps Rocket Lab – valued at more than $1.2 billion and based in New Zealand and California – at the front of the pack in the small rocket race. But Rocket Lab has another launch scheduled for December, as well as 16 launches planned for 2019. Rocket Lab aims to be launching at a weekly rate in 2020. Rocket Lab sees greater-than-expected growth coming to the small satellite industry, as the company’s Electro


“Perfect flight,” Rocket Lab CEO Peter Beck said in a tweet after the launch. The launch keeps Rocket Lab – valued at more than $1.2 billion and based in New Zealand and California – at the front of the pack in the small rocket race. But Rocket Lab has another launch scheduled for December, as well as 16 launches planned for 2019. Rocket Lab aims to be launching at a weekly rate in 2020. Rocket Lab sees greater-than-expected growth coming to the small satellite industry, as the company’s Electro
Space unicorn Rocket Lab reaches orbit again in key first commercial launch Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-11  Authors: michael sheetz
Keywords: news, cnbc, companies, commercial, rocket, small, zealand, launch, key, industry, unicorn, company, orbit, spacecraft, space, lab, reaches, beck


Space unicorn Rocket Lab reaches orbit again in key first commercial launch

This small-rocket unicorn wants to be the FedEx of space 6:01 PM ET Sat, 10 Nov 2018 | 04:32

Rocket Lab put seven spacecraft in orbit on Saturday with its first commercial launch, as the company grew its lead in the burgeoning small rocket industry.

Delayed from this past spring, the “It’s Business Time” launch marks the beginning of Rocket Lab’s acceleration toward launching at a weekly rate. The rocket builder reached orbit for the first time in January with its final test launch but saw this commercial attempt delayed due to a “motor control” issue with the rocket.

“Perfect flight,” Rocket Lab CEO Peter Beck said in a tweet after the launch. “Orbital accuracy was exquisite.”

Rocket Lab is building small rockets priced at about $5.7 million a launch. The company’s Electron rocket is designed to launch spacecraft up to the size of a refrigerator, especially for the premium small satellite part of the rocket market. Small rockets like Electron can save customers months of time getting to orbit but come at a higher cost compared to flying as a “rideshare” on a larger rocket like the SpaceX Falcon 9.

“It’s Business Time” launched six satellites for Spire, Tyvak, Fleet and the Irvine CubeSat STEM program. The launch also included a spacecraft built by HPS GmbH to demonstrate a new technology to reduce space debris.

The launch keeps Rocket Lab – valued at more than $1.2 billion and based in New Zealand and California – at the front of the pack in the small rocket race. Beck estimates there are over 100 companies trying to catch up. But Rocket Lab has another launch scheduled for December, as well as 16 launches planned for 2019.

Rocket Lab has a backlog of launches for the next 18 months, Beck said, which is “around a $3 billion pipeline.” The factories in New Zealand and California “have been specifically designed to produce one rocket a week,” Beck said. Rocket Lab aims to be launching at a weekly rate in 2020.

“Next year we’re starting off at one a month, trying to move to one every two weeks,” Beck said.

Beck says the company took the time to look at the motor control issue from spring and fixed it, while continuing to build Rocket Lab’s infrastructure. This year the rocket company brought on Adam Spice as chief financial officer from the semiconductor industry, opened a new mass production facility in New Zealand and announced it will build a U.S. launchpad in Virginia.

“Happy to delay a launch for a few months to solidify and strengthen the company,” Beck told CNBC.

Beck estimated Rocket Lab will soon be profitable, saying when the company completes “these couple of launches by the end of this year we’ll be cash flow neutral.”

Rocket Lab sees greater-than-expected growth coming to the small satellite industry, as the company’s Electron rocket begins to meet demand. Beck believes his side of the industry is set to unlock a flurry of technologies as more and more satellites are launched.

“The small rocket industry is the enablers to the small spacecraft industry and then in turn the small spacecraft industry are really enablers to a whole lot of new technologies, a whole lot of new services to us down on Earth,” Beck said.


Company: cnbc, Activity: cnbc, Date: 2018-11-11  Authors: michael sheetz
Keywords: news, cnbc, companies, commercial, rocket, small, zealand, launch, key, industry, unicorn, company, orbit, spacecraft, space, lab, reaches, beck


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New Zealand central bank shifts to neutral tone and warns of growth risks

New Zealand’s central bank struck a neutral tone as it marked two full years of steady policy on Thursday, saying its next move would depend on how the economy fared and cautioned of downside risks to growth from global trade frictions. As widely expected, the Reserve Bank of New Zealand kept the official cash rate (OCR) at 1.75 percent, where it has remained since late 2016, and reiterated it expected to hold rates into 2020. The central bank removed a line from its previous statements that its


New Zealand’s central bank struck a neutral tone as it marked two full years of steady policy on Thursday, saying its next move would depend on how the economy fared and cautioned of downside risks to growth from global trade frictions. As widely expected, the Reserve Bank of New Zealand kept the official cash rate (OCR) at 1.75 percent, where it has remained since late 2016, and reiterated it expected to hold rates into 2020. The central bank removed a line from its previous statements that its
New Zealand central bank shifts to neutral tone and warns of growth risks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: mark coote, bloomberg, getty images
Keywords: news, cnbc, companies, global, zealand, economic, tone, risks, neutral, growth, central, bank, ocr, cut, shifts, warns, trade, rate, inflation


New Zealand central bank shifts to neutral tone and warns of growth risks

New Zealand’s central bank struck a neutral tone as it marked two full years of steady policy on Thursday, saying its next move would depend on how the economy fared and cautioned of downside risks to growth from global trade frictions.

The New Zealand dollar rallied briefly and bonds sold off as the markets priced out any chance of a near term rate cut and instead focused on when New Zealand would join some of its global counterparts in raising rates.

As widely expected, the Reserve Bank of New Zealand kept the official cash rate (OCR) at 1.75 percent, where it has remained since late 2016, and reiterated it expected to hold rates into 2020.

“The timing and direction of any future OCR move remains data dependent,” Governor Adrian Orr said in a statement, and in a press conference later in the day he refused to rule out a rate cut if economic conditions deteriorated.

The central bank removed a line from its previous statements that its next rate move could be either up or down, but noted both upside and downside risks remained to growth and inflation projections.

“We don’t agree that the RBNZ needs to maintain the fence-sitting dual approach to policy,” said Citibank economist Paul Brennan.

“While our own forecasts show a near-term moderation in GDP growth, we expect CPI inflation to exceed the RBNZ’s latest forecasts and maintain the view that the OCR will need to rise from Q3 next year.”

A run of stellar economic data including a surprise drop in third-quarter jobless rate to 10-year lows, better-than-expected growth and inflation numbers over recent months, has given the RBNZ some breathing room.

However, Orr pointed to temporary factors for the pick-up in second-quarter economic growth and cautioned of headwinds to growth.

“Weak business sentiment could weigh on growth for longer. Trade tensions remain in some major economies, raising the risk that trade barriers increase and undermine global growth.”

The New Zealand dollar hit a fresh three-month high of $0.6820 immediately after the rate decision but quickly retreated from those levels to last hover around $0.6785.

Government bonds were sold off for a second straight day as investors priced out the risk of a cut with yields on the long-end of the curve up about 5 basis points.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: mark coote, bloomberg, getty images
Keywords: news, cnbc, companies, global, zealand, economic, tone, risks, neutral, growth, central, bank, ocr, cut, shifts, warns, trade, rate, inflation


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New Zealand unemployment drops to 10-year low, chance of rate cut distant

New Zealand’s third quarter unemployment rate dropped to a surprise 10-year low on Wednesday, sparking a rally in the local currency as the chance of a central bank interest rate cut grew increasingly distant. Economists polled by Reuters had forecast an unemployment rate of 4.5 percent. The employment growth rate in the quarter more than doubled to 1.1 percent, from 0.5 percent in the previous quarter. The unemployment rate dropped despite an uptick in the labor participation rate, which has cl


New Zealand’s third quarter unemployment rate dropped to a surprise 10-year low on Wednesday, sparking a rally in the local currency as the chance of a central bank interest rate cut grew increasingly distant. Economists polled by Reuters had forecast an unemployment rate of 4.5 percent. The employment growth rate in the quarter more than doubled to 1.1 percent, from 0.5 percent in the previous quarter. The unemployment rate dropped despite an uptick in the labor participation rate, which has cl
New Zealand unemployment drops to 10-year low, chance of rate cut distant Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: dianne manson, getty images news, getty images
Keywords: news, cnbc, companies, wage, rate, low, inflation, unemployment, previous, 10year, growth, cut, drops, employment, quarter, recent, distant, zealand, chance


New Zealand unemployment drops to 10-year low, chance of rate cut distant

New Zealand’s third quarter unemployment rate dropped to a surprise 10-year low on Wednesday, sparking a rally in the local currency as the chance of a central bank interest rate cut grew increasingly distant.

The Reserve Bank of New Zealand’s (RBNZ) Official Cash Rate (OCR) meeting will be held on Thursday. The government in March added a goal of maximizing sustainable employment to the central bank’s mandate, alongside inflation targeting.

The New Zealand dollar rallied more than 1.1 percent against the dollar to a three-month high of $0.6740.

The unemployment rate dropped to 3.9 percent over the previous quarter, well below the 4.4 percent rate recorded in the last quarter, and is the lowest since the June 2008 quarter, when it was 3.8 percent. Nevertheless, annual wage growth remained a relatively modest 1.9 percent.

Economists polled by Reuters had forecast an unemployment rate of 4.5 percent.

The unemployment result suggested the RBNZ could tone down a previous suggestion the next rates move be a cut when it releases its monetary policy statement on Thursday.

A Reuters poll this week showed the central bank is widely expected to hold interest rates at 1.75 percent in its meeting this week, as policy makers would wait to see if a recent acceleration in inflation and better-than-expected growth figures are sustainable.

ASB Chief Economist Nick Tuffley said in a note that the hurdles for an interest rate cut have certainly increased following the unemployment figures.

“The next move in the OCR is likely up, but not until concrete signs of firming wage inflation emerge, which looks to be 2020,” said Tuffley.

Economic growth, employment, and inflation numbers have come in higher than the RBNZ’s forecasts in the recent months.

The employment growth rate in the quarter more than doubled to 1.1 percent, from 0.5 percent in the previous quarter.

Economists had predicted an employment growth of 0.5 percent.

The unemployment rate dropped despite an uptick in the labor participation rate, which has climbed to 71.1 percent from 70.9 percent in the previous quarter, the data showed.

Wage inflation has been tepid in recent years even as employment has grown. Quarterly wage growth slowed to 0.5 percent in the third quarter from 0.6 percent in the previous quarter.

“While this quarter’s unemployment rate is outside market expectations, we know New Zealand has a small economy with a dynamic labor market, and large changes, both up and down, have happened before — in late 2012 and 2015,” Statistics New Zealand labor market and household statistics senior manager Jason Attewell said.


Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: dianne manson, getty images news, getty images
Keywords: news, cnbc, companies, wage, rate, low, inflation, unemployment, previous, 10year, growth, cut, drops, employment, quarter, recent, distant, zealand, chance


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Asia stocks rise in final day of rough October; China data misses expectations

Australia’s benchmark ASX 200 was higher by 0.25 percent in the morning as the energy sector advanced 0.93 percent and materials fell 0.53 percent. The heavily weighted financial subindex rose 1.11 percent with the shares of Australia’s so-called Big Four banks seeing gains. Among those, Australia and New Zealand Banking Group (ANZ) rose 1.62 percent despite earlier reporting a 5 percent decline in full-year cash profit. Japan’s Nikkei 225 rose 1.38 percent in morning trade while the Topix gaine


Australia’s benchmark ASX 200 was higher by 0.25 percent in the morning as the energy sector advanced 0.93 percent and materials fell 0.53 percent. The heavily weighted financial subindex rose 1.11 percent with the shares of Australia’s so-called Big Four banks seeing gains. Among those, Australia and New Zealand Banking Group (ANZ) rose 1.62 percent despite earlier reporting a 5 percent decline in full-year cash profit. Japan’s Nikkei 225 rose 1.38 percent in morning trade while the Topix gaine
Asia stocks rise in final day of rough October; China data misses expectations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: eustance huang
Keywords: news, cnbc, companies, day, morning, zealand, weighted, trade, topix, rough, china, stocks, misses, asia, rose, release, australias, shares, expectations, anz, data, rise, final


Asia stocks rise in final day of rough October; China data misses expectations

Australia’s benchmark ASX 200 was higher by 0.25 percent in the morning as the energy sector advanced 0.93 percent and materials fell 0.53 percent.

The heavily weighted financial subindex rose 1.11 percent with the shares of Australia’s so-called Big Four banks seeing gains. Among those, Australia and New Zealand Banking Group (ANZ) rose 1.62 percent despite earlier reporting a 5 percent decline in full-year cash profit.

“In general the market is just more cautious,” ANZ CEO Shayne Elliott told CNBC’s “Squawk Box” on Wednesday following the earnings release. “It’s also a lot more competitive.”

Japan’s Nikkei 225 rose 1.38 percent in morning trade while the Topix gained 1.18 percent.

South Korea’s Kospi was largely flat in the morning, with shares of heavyweight Samsung Electronics rising 0.12 percent. The stock’s move came on the back of the release of a record quarterly profit.


Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: eustance huang
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New Zealand will not attend Saudi investment summit over Khashoggi death

New Zealand condemns the killing of journalist Jamal Khashoggi by Saudi operatives and will not be attending an investment summit in Saudi Arabia, the government said in a statement on Sunday. Khashoggi, a U.S. resident and Washington Post columnist critical of Riyadh’s policies, died inside the Saudi Arabian consulate in Istanbul, Saudi state media said on Saturday. Trade Minister David Parker said in the statement no New Zealand officials will attend the upcoming Future Investment Initiative,


New Zealand condemns the killing of journalist Jamal Khashoggi by Saudi operatives and will not be attending an investment summit in Saudi Arabia, the government said in a statement on Sunday. Khashoggi, a U.S. resident and Washington Post columnist critical of Riyadh’s policies, died inside the Saudi Arabian consulate in Istanbul, Saudi state media said on Saturday. Trade Minister David Parker said in the statement no New Zealand officials will attend the upcoming Future Investment Initiative,
New Zealand will not attend Saudi investment summit over Khashoggi death Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-21  Authors: jim watson, afp, getty images
Keywords: news, cnbc, companies, state, summit, statement, washington, zealand, saturdaytrade, khashoggi, death, attend, upcoming, saudi, sundaykhashoggi, investment


New Zealand will not attend Saudi investment summit over Khashoggi death

New Zealand condemns the killing of journalist Jamal Khashoggi by Saudi operatives and will not be attending an investment summit in Saudi Arabia, the government said in a statement on Sunday.

Khashoggi, a U.S. resident and Washington Post columnist critical of Riyadh’s policies, died inside the Saudi Arabian consulate in Istanbul, Saudi state media said on Saturday.

Trade Minister David Parker said in the statement no New Zealand officials will attend the upcoming Future Investment Initiative, an event in the Saudi capital of Riyadh being called Davos in the Desert.


Company: cnbc, Activity: cnbc, Date: 2018-10-21  Authors: jim watson, afp, getty images
Keywords: news, cnbc, companies, state, summit, statement, washington, zealand, saturdaytrade, khashoggi, death, attend, upcoming, saudi, sundaykhashoggi, investment


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