• Aug 28, 2024

EM Currencies Post Second Day of Losses On Stronger Dollar, Oil

(Bloomberg) -- Emerging-market currencies were down for a second day on Wednesday, as the dollar rebounded and Latin American markets got hit by commodity prices and political noise. Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherA Loud Warning From the Past About Living With

  • Aug 28, 2024

Air New Zealand warns of inflation, competition impact in first-half of 2025

The country's flagship carrier is grappling with a hit to demand from pricing competition from its U.S. counterparts and high inflation, while global engine maintenance requirements from Pratt & Whitney has affected aircraft availability. "Air New Zealand is expecting a challenging year ahead," CEO Greg Foran said. Pratt & Whitney last year removed more than 1,000 engines from Airbus planes, which has led to the grounding of Air New Zealand's planes intermittently.