Latest Economy Headlines

Fonterra's reduced milk volume forecast may help lift prices

Thu, 29 Jan 2015 17:36:01 +1300 | BusinessDesk

Jan. 29 (BusinessDesk) - Fonterra Cooperative Group’s 3.3 percent reduction in its milk volume forecast for the 2014-2015 season may provide a lift for depressed global dairy prices, Westpac Banking Corp economists say.More >>

Keith Rankin: Rent AND Buy

Thu, 29 Jan 2015 17:00:02 +1300 | Keith Rankin

The Auckland housing debate debacle is important because it reveals some key aspects of the workings of global financial capitalism. Of course, because of the diverse interests at stake – including the fact that more New Zealanders than we might ...More >>

Americans the biggest buyers of NZ land since 2010: Linz

Thu, 29 Jan 2015 16:48:09 +1300 | BusinessDesk

Jan. 29 (BusinessDesk) - Americans have been the biggest buyers of New Zealand land in the past five years although the Chinese topped the list in 2014 alone. More >>

Dollar Drop Helps Push up Wool

Thu, 29 Jan 2015 14:59:41 +1300 | New Zealand Wool Services

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the rapidly weakening New Zealand dollar against the US and GBP aided by recent active customer buying activity saw the local prices lift in all ...More >>

Fonterra drops forecast milk volumes by 3.3 percent

Thu, 29 Jan 2015 14:51:53 +1300 | BusinessDesk

Jan. 29 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks.More >>

Joyce & Guy Splurging on Corporate Welfare

Thu, 29 Jan 2015 13:35:20 +1300 | New Zealand Taxpayers' Union

Responding to the announcement that Primary Industries Minister, Nathan Guy, has approved two more Primary Growth Partnership programmes for the deer and lamb industries, and the subsequent $5m for the Food Innovation Network announced by Steven Joyce, ...More >>

Reserve Bank Act Fails Exporters Again

Thu, 29 Jan 2015 12:00:03 +1300 | New Zealand First Party

With the Official Cash Rate held at 3.5 percent, the Reserve Bank needs to take lessons from the Bank of Canada over how to surprise the markets, says New Zealand First Leader, the Rt Hon Winston Peters.More >>

NZ Online Retail Sales: December update + Christmas patterns

Thu, 29 Jan 2015 11:29:09 +1300 | Bank of New Zealand

Please find attached BNZ and Marketview’s latest monthly report on New Zealand’s Online Retail Sales. More >>

Home affordability heads for uncharted territory

Thu, 29 Jan 2015 11:12:37 +1300 | Massey University

Houses across New Zealand decreased in affordability by 14.1 per cent over the 12 months ending November 2014, according to the latest Massey University Home Affordability Report – and on current trends Auckland’s lack of affordability could reach historic ...More >>

Focus on migrants’ contribution to Auckland economy

Thu, 29 Jan 2015 10:55:10 +1300 | Auckland Council

Successfully attracting and retaining skilled migrants to Auckland is a focus of a new partnership between Auckland Council, Auckland Tourism Events and Economic Development (ATEED) and Immigration New Zealand (INZ).More >>

NZ posts first trade deficit for December in 4 years

Thu, 29 Jan 2015 10:54:28 +1300 | BusinessDesk

Jan. 29 (BusinessDesk) - New Zealand posted its first trade deficit for a December month in four years as aircraft and mobile phones boosted imports while declining milk powder prices pulled down exports.More >>

Housing affordability drops 14%, driven by Auckland prices

Thu, 29 Jan 2015 10:53:04 +1300 | BusinessDesk

Jan. 29 (BusinessDesk) - Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to ...More >>

NZ dollar drops to 4-year low as RBNZ shifts into neutral

Thu, 29 Jan 2015 10:44:07 +1300 | BusinessDesk

NZ dollar drops to 4-year low, swap rates fall after central bank shifts into neutral More >>

World tourism tops 1.1 billion in 2014

Thu, 29 Jan 2015 10:37:50 +1300 | UN News

27 January 2015 – The number of international tourists reached 1.13 billion in 2014, 51 million more than in 2013, on trend for the fifth consecutive year of above average growth since the 2009 economic crisis, the United Nations World Tourism Organization ...More >>

Philips calls for action to end light poverty

Thu, 29 Jan 2015 10:17:03 +1300 | Philips

Millions of people are needlessly suffering because approximately a fifth of the world’s population does not have access to electric light, Royal Philips (NYSE: PHG, AEX: PHIA), the global leader in lighting, warns today.More >>

Reserve Bank sees OCR on hold ‘for some time’, could go ‘up

Thu, 29 Jan 2015 09:10:03 +1300 | BusinessDesk

Reserve Bank sees OCR on hold ‘for some time’, could go ‘up or down’ based on data More >>

NZ dollar little changed after Fed as traders await RBNZ

Thu, 29 Jan 2015 08:44:00 +1300 | BusinessDesk

Jan. 29 (BusinessDesk) - The New Zealand dollar was little changed after the Federal Reserve reiterated that it would remain "patient" in deciding when to raise interest rates, while noting inflation may decline further. The local currency is ...More >>

Canada leaps into the empire of chaos

Wed, 28 Jan 2015 17:16:26 +1300 | Jim Miles

Canada has always been a part of U.S. imperial ambitions, in spite of our pretensions otherwise. Locked in as we are to the U.S. economy and our dollar only relevant in comparison to the US$, up until the Harper regime Canada was able to maintain that ...More >>

Reflections on Four Preventable National Epidemics

Wed, 28 Jan 2015 17:11:41 +1300 | Gary G. Kohls

A couple of days ago I received a letter from the mother of a post-adolescent daughter, expressing a common concern that millions of parents share. She wrote, in part, “It seems to me that my daughter and her classmates have more depression and mood disorders ...More >>

NZ dollar drops vs. Australian dollar after inflation data

Wed, 28 Jan 2015 17:04:22 +1300 | BusinessDesk

Jan. 28 (BusinessDesk) - The New Zealand dollar dropped against the Australian dollar after unexpectedly strong inflation data across the Tasman prompted traders to wind back bets that nation's central bank could cut interest rates.More >>

 

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