Latest Economy Headlines

NZ dollar extends decline after China lowers yuan fixing

Wed, 4 May 2016 17:33:12 +1200 | BusinessDesk

May 4 (BusinessDesk) - The New Zealand dollar extended its decline after China cut its yuan fixing against the US dollar by the most since its devaluation last August, sending the greenback broadly higher.More >>

Vulnerable families left out in the cold

Wed, 4 May 2016 17:15:23 +1200 | Sustainability Trust

The needs of vulnerable, low-income families risk getting lost in the political tussle over healthy homes if a proven insulation scheme is left to flounder, says Wellington social enterprise Sustainability Trust. More >>

Lenders must repay all fees and interest

Wed, 4 May 2016 14:55:01 +1200 | Commerce Commission

Lenders must repay all fees and interest if they don’t comply with disclosure rules More >>

Unemployment rise demands Budget response

Wed, 4 May 2016 12:14:49 +1200 | New Zealand Labour Party

The rise in unemployment shows the Budget must contain concrete plans for job growth that deliver for all New Zealanders, not just the few at the top, says Labour’s Finance spokesperson Grant Robertson.More >>

Wellington steals the focus from Auckland property market

Wed, 4 May 2016 11:24:23 +1200 |

AUCKLAND, 4 May 2016 – Statistics released today by for April 2016 show that strong demand means available inventory weeks of property for sale in Wellington is down a record 61% on the same time last year (April 2015).More >>

Survey reveals crisis in beginning teacher workforce

Wed, 4 May 2016 10:53:32 +1200 | New Zealand Educational Institute

A survey of newly-graduated primary teachers has revealed massive underemployment and many beginning teachers in a state of stress, despair and debt. More >>

Budget has all the hallmarks of treading water, BERL says

Wed, 4 May 2016 09:39:41 +1200 | Make Lemonade

This year’s May 26 Budget has all the hallmarks of treading water, BERL chief economist Ganesh Nana says. More >>

HiFX Morning Update, May 4 2016

Wed, 4 May 2016 09:17:28 +1200 | HiFX

The NZDUSD opens at 0.6915 (mid-rate) this morning. The NZD along with other commodity-linked currencies has fallen over the past 24hrs. Ongoing concerns about global growth following yesterday’s RBA rate cut and disappointing manufacturing data out of both China ...More >>

NZ dollar falls on Aussie coat-tails after RBA rate cut

Wed, 4 May 2016 09:05:42 +1200 | BusinessDesk

May 4 (BusinessDesk) - The New Zealand dollar fell as investors sold Australasian currencies after the Reserve Bank of Australia cut its benchmark interest rate yesterday on concern about weak inflation.More >>

Proposed Land Tax will have detrimental long term affects

Tue, 3 May 2016 14:25:39 +1200 | Mark Rais

Proposed Land Tax will have detrimental long term affects Mark Rais The national median price of houses sold last year was $450,000, according to statistics from REINZ (Real Estate Institute of New Zealand). A proposed Land Tax at the recommended ...More >>

Strong housing market drives retail spending

Tue, 3 May 2016 11:58:35 +1200 | Veda Limited

Activity in the New Zealand housing market remains strong, with mortgage applications up 11.6 per cent year-on-year in the March 2016 quarter according to Veda, the leading provider of data analytics and credit information in New Zealand and a wholly-owned ...More >>

ANZ New Zealand first-half cash profit falls 11%

Tue, 3 May 2016 11:52:43 +1200 | BusinessDesk

ANZ New Zealand first-half cash profit falls 11% on software charge, while net interest income rises More >>

NZ dollar pops above 70 US cents as greenback weakens

Tue, 3 May 2016 08:43:51 +1200 | BusinessDesk

May 3 (BusinessDesk) - The New Zealand dollar rose above 70 US cents overnight as the US dollar weakened after a report showed US manufacturing activity slipped in April, raising concern about the pace of recovery in the world's largest economy.More >>

NZ dollar above 92 Australian cents on RBA rate cut bets

Mon, 2 May 2016 17:20:44 +1200 | BusinessDesk

The New Zealand dollar rose above 92 Australian cents for the first time since early March on speculation softer inflation data across the Tasman and weaker demand in China may prompt the Reserve Bank of Australia to cut its benchmark interest rate ...More >>

Doors open thanks to Dick Smith’s closing

Mon, 2 May 2016 17:17:25 +1200 | Colliers

Auckland, May 2, 2016 – The closing of the doors of Dick Smith’s stores across the country marks a time of new beginning for some significant-brand retailers. More >>

Q + A: Peter Dunne Interviewed by Greg Boyed

Mon, 2 May 2016 14:47:24 +1200 | TVNZ

GREG Revelations this week that a company set up by John Key’s lawyer lobbied the Government against changing the rules on foreign trusts. So we asked Revenue Minister Todd McClay for an interview, but he wasn’t available, nor was the Prime ...More >>

Commission recoups money for New Zealand trade mark holders

Mon, 2 May 2016 12:27:06 +1200 | Commerce Commission

The Commission has reached an interim agreement with TM Publisher, an overseas company who sent invoices for unsolicited services to New Zealand trade mark holders. More >>

Com Com’s Z Energy decision anti-competitive

Mon, 2 May 2016 11:53:56 +1200 | New Zealand Labour Party

David Shearer MP for Mt Albert Consumer Affairs Spokesperson MEDIA STATEMENT 30 April 2016 Com Com’s Z Energy decision anti-competitive The Commerce Commission’s decision to allow Z Energy to buy Caltex can only undermine the competition in the fuel industry ...More >>

Silver Fern Farms’ Response to Requsition

Mon, 2 May 2016 10:55:47 +1200 | Silver Fern Farms

On 13 April, Silver Fern Farms received a requisition led by Mr John Shrimpton and Mr Blair Gallagher, representing a group of 80 shareholders. The requisition is for the Board of Silver Fern Farms to call a special meeting of shareholders to consider ...More >>

NZ dollar hits 8-week high vs Aussie dollar

Mon, 2 May 2016 09:37:12 +1200 | BusinessDesk

May 2 (BusinessDesk) - The New Zealand dollar rose to an eight-week high against the Australian dollar as investors mull the potential for an interest rate reduction at the Reserve Bank of Australia meeting tomorrow.More >>


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