New Zealand markets close in 3 hours 4 minutes

  • NZX 50

    11,570.65
    +39.35 (+0.34%)
     

  • NZD/USD

    0.6187
    -0.0011 (-0.18%)
     

  • NZD/EUR

    0.5738
    -0.0011 (-0.19%)
     

  • ALL ORDS

    7,205.70
    +63.50 (+0.89%)
     

  • ASX 200

    7,019.80
    +64.40 (+0.93%)
     

  • OIL

    69.50
    +0.17 (+0.25%)
     

  • GOLD

    1,946.80
    +5.70 (+0.29%)
     

  • NASDAQ

    12,741.44
    +178.83 (+1.42%)
     

  • FTSE

    7,536.22
    +132.37 (+1.79%)
     

  • Dow Jones

    32,560.60
    +316.02 (+0.98%)
     

  • DAX

    15,195.34
    +261.96 (+1.75%)
     

  • Hang Seng

    19,258.76
    +258.05 (+1.36%)
     

  • NIKKEI 225

    27,382.93
    +437.26 (+1.62%)
     

  • NZD/JPY

    81.9580
    -0.0910 (-0.11%)
     

Onlookers react to alleged China spy balloon downing

Reuters Videos

STORY: Local resident Ron Lapman who went to the beach to witness the downing of the balloon said, "We saw something take off from the jet, I knew it was a missile, and you could see the explosion."

According to another resident, Sylvia Combs, the balloon started falling from the sky slowly "almost like a moving cloud coming down."

Photographer Travis Huffstetler, who filmed the balloon being shot, told Reuters on the top it scattered "like confetti", while the bottom slumped like a sagging parachute. "There wasn't no big fireball or flames or nothing like that," he said. "Whatever they shot out of that plane you could see the trail of it leaving from the plane and getting ahead of it. And then all of a sudden you see the balloon just go."

Biden said he had issued an order on Wednesday (February 1) to take down the balloon, but the Pentagon had recommended waiting until it could be done over open water.

Latest stories

  • Warning after Qantas flights interfered with by Chinese warships

    Qantas has told pilots to ignore any interference from Chinese warships as a defence expert suggests wider use of GPS systems may be the target.

  • Why web3 is a game changer for musicians

    Web3 promises to revolutionise both the creative and the financial manner in which we experience and interact with music.

  • MAFS' Alyssa fiercely defended by sister after 'harsh' backlash: 'Two sides'

    Married At First Sight star Alyssa Barmonde's sister has lashed out after seeing the 'bride' be torn apart on social media. Read more.

  • Families of Montreal fire victims facing agonizing wait

    Family and friends of the presumed victims of a deadly fire in Old Montreal faced an agonizing wait Tuesday as a recovery team worked to enter the charred shell of the building where two bodies have been found and five people remain missing. Yukun Zeng said the wait to hear about what happened to his friend An Wu was “so heartbreaking.” Wu is one of the people unaccounted for after a fire ripped through a historic building in Old Montreal that included Airbnb units Thursday.

  • Owen Wright announces retirement as surfing world pays tribute to Aussie hero

    Owen Wright made an inspirational return to surfing in 2017. Read more here.

  • Digital Advertising Market is estimated to be US$ 697.10 billion by 2030 with a CAGR of 17.3% during the forecast period – BY PMI

    According to Prophecy Market Insights has published a new research report titled “Digital Advertising Market, By Format (Social Media, Search Engine, and Video), Platform (Mobile, Desktop, and Laptop), End-User (Automotive, Telecom, BFSI, Healthcare, and Retail), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030" in its research database.Covina, March 21, 2023 (GLOBE NEWSWIRE) -- “According to the latest researc

  • Rio Tinto becomes first major mining company to publish site-by-site water usage data

    LONDON, March 22, 2023--Rio Tinto is marking World Water Day 2023 by making public detailed information about annual surface water usage across its global network of managed sites in 35 countries, through an interactive map on its website riotinto.com/water.

  • ABR Holdings (SGX:533) May Have Issues Allocating Its Capital

    What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...

  • Bonso Electronics Announces Annual General Meeting Results

    HONG KONG, March 21, 2023 (GLOBE NEWSWIRE) -- Bonso Electronics International, Inc. (NASDAQ: BNSO) today announced the results of the Company’s Annual General Meeting of Shareholders (the “AGM”) held on March 10, 2023, at the offices of the Corporation’s China subsidiary located at the 10th Floor, Commercial Building, 2 Zheng Feng Bei Road, Fu Yong, Shenzhen, China. At the AGM, the shareholders approved and ratified (i) the appointment of Mr. Anthony So, Mr. Andrew So, Mr. Albert So, Mr. Kim Wah

  • Adelaide Crows left 'furious' over tribunal decision on Shane McAdam

    The intent to appeal comes after Buddy Franklin and Kysaiah Pickett accepted bans for their own bumps in round one. Read more here.

  • Aussies need extra $50,000 to retire comfortably

    The rising cost of living means Aussies now need an extra $50,000 to retire comfortably. Here’s how much money you need.

  • Food Amino Acids Market to be Worth US$ 19.6 Billion by 2033 - Exclusive Report by Future Market Insights, Inc.

    Ingredient Producers use Food Amino Acids to Improve Nutritional Benefits of Food & Beverages. South Korea Food Amino Acids Market is projected value of US$ 959.5 million during the forecast period. United Kingdom Food Amino Acids Market Size is estimated value of US$ 386.9 million through 2033DUBAI, United Arab Emirates, March 21, 2023 (GLOBE NEWSWIRE) -- The global food amino acids market is projected to have a moderate-paced CAGR of 9.3% during the forecast period. The current valuation of th

  • Meta-aramid Fiber Market Estimated to Reach $2.3 billion by 2027 Globally, at a CAGR of 10.6%, says MarketsandMarkets™

    Chicago, March 21, 2023 (GLOBE NEWSWIRE) -- The global Meta-aramid Fiber Market is projected to reach USD 2.3 billion by 2027, at a CAGR of 10.6% from USD 1.4 billion in 2022, as per the recent study by MarketsandMarkets™. Meta-aramid fiber offers higher thermal and chemical resistance than para-aramid fiber and has dielectric properties, making it preferable for fire-resistant clothing as well as electrical insulation. This fiber is also combined with other high-performance fibers for enhanced

  • The payrise mystery: Why so few of us have received a wage increase

    How on Earth can pay rises be so slim when unemployment is so low? It’s a modern-day economic mystery, writes Jason Murphy.

  • Calls for major superannuation change in 2023 budget

    Super Consumers Australia has called on the government to make this important change in the upcoming federal budget.

  • ‘Swarm’ Co-Creator Says NSFW Scene Was Inspired By Donald Glover’s Own Hookup Story

    Janine Nabers said she stole the viral nude scene from Glover’s "weird" real-life sexual experience.

  • Karuna Therapeutics Announces Pricing of Public Offering of Common Stock

    BOSTON, March 22, 2023--Karuna Therapeutics, Inc. (NASDAQ: KRTX), a clinical-stage biopharmaceutical company driven to create and deliver transformative medicines for people living with psychiatric and neurological conditions, today announced the pricing of an underwritten public offering of 2,479,391 shares of its common stock at a public offering price of $161.33 per share. The gross proceeds to Karuna from the offering, before deducting the underwriting discounts and commissions and other est

  • A Look At The Fair Value Of Nanofilm Technologies International Limited (SGX:MZH)

    Key Insights Nanofilm Technologies International's estimated fair value is S$1.53 based on 2 Stage Free Cash Flow to...

  • Asian Stocks Climb in Risk-On Trade Ahead of Fed: Markets Wrap

    (Bloomberg) -- Asian shares followed US equities higher as concerns over financial stability eased and as investors prepared for the Federal Reserve’s interest-rate decision later Wednesday.Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldUS Studies Ways to Insure All Bank Deposits If Crisis GrowsJPMorgan Owned the LME ‘Nickel’ That Was Actually Bags of StonesSwiss Are On the Hook for $13,500 Each on Credit Suisse BailoutSVB’s Loans to Insiders Tripled to $

  • Northwest Federal Discovery Group Announces Financial Wellness Resources for Younger Members

    Northwest Federal Credit Union has created a panel consisting of younger employees and members to identify products and services that will appeal to the 18-34 year old demographic.Herndon, Virginia, March 21, 2023 (GLOBE NEWSWIRE) -- The Northwest Federal Credit Union new discovery group will help identify products and services that appeal to this demographic. Younger members can attain financial wellness with specialized products and offerings guided by younger employees. The feedback from this