Latest Economy Headlines

NZ dollar heads for 0.4% weekly gain; USD poised to rise

Fri, 27 Feb 2015 17:14:59 +1300 | BusinessDesk

Feb. 27 (BusinessDesk) - The New Zealand dollar is heading for a 0.4 percent gain against the greenback this week, ahead of what might be an extended rally for the US currency as the prospects for the world's biggest economy remain strong.More >>

WikiNZ and our new Internet data portal

Fri, 27 Feb 2015 17:12:38 +1300 | InternetNZ

This is a blog post that has appeared on InternetNZ's website at: https://internetnz.nz/blog/wikinz-and-our-new-internet-data-portal . More >>

NZ business confidence gains in Feb as ag sector gets happy

Fri, 27 Feb 2015 13:31:35 +1300 | BusinessDesk

Feb. 27 (BusinessDesk) - New Zealand business confidence improved in February as recent gains in dairy prices turned sentiment around in the agriculture sector, and as low interest rates stoke hiring and investment expectations.More >>

NZ building consents fall for a second month in January

Fri, 27 Feb 2015 11:22:27 +1300 | BusinessDesk

Feb. 27 (BusinessDesk) - New Zealand residential building consents declined for a second month in January, with new housing permits falling at their sharpest pace since August.More >>

NZ CEOs confidence dips 16% about global economy for 2015

Fri, 27 Feb 2015 11:06:14 +1300 | PricewaterhouseCoopers

Findings from PwC’s New Zealand insights publication, released today, which follows the 18th Annual Global CEO Survey, show New Zealand CEOs are less positive about the outlook for the global economy than they were last year with 47 per cent believing ...More >>

Gordon Campbell on the wage hike for MPs, and Paul Robeson

Fri, 27 Feb 2015 09:41:56 +1300 | Gordon Campbell

Hard to tell what is more infuriating. Is it the 5.3% increase on the already bloated salaries of MPs, or their pantomime of outrage at being gifted with such a wonderful back-dated bonanza? As usual, Prime Minister John Key has busily tried to distance ...More >>

Media Imagination: Asking the Right Questions : Keith Rankin

Fri, 27 Feb 2015 09:35:24 +1300 | Keith Rankin

There are many concerns about the state of the 'free' (as in 'free speech' not 'free lunch') media today, and many of them relate to the conflicting pressures to inform, to make the powerful accountable, and to make a profit. Clearly the latter two pressures ...More >>

NZ dollar slips after better-than-expected US data

Fri, 27 Feb 2015 08:28:41 +1300 | BusinessDesk

Feb. 27 (BusinessDesk) - The New Zealand dollar fell as the greenback advanced after better-than-expected US data on inflation and business orders bolstered confidence about the outlook for the world's largest economy.More >>

English: Auckland Chamber of Commerce and Massey University

Thu, 26 Feb 2015 17:09:14 +1300 | New Zealand Government

Thank you Michael and the Auckland Chamber of Commerce, and Steve and Massey University, for inviting me back to this annual event. More >>

MP Pay Rise Unjustified

Thu, 26 Feb 2015 16:53:59 +1300 | New Zealand Taxpayers' Union

The Taxpayers’ Union is sickened with the confirmation that the Remuneration Authority has approved a 5.4 percent annual pay rise for backbench MPs, backdated to July last year, and is calling for changes to the Remuneration Authority. Taxpayers’ Union ...More >>

Dairy commits $5 million to ambitious zero pest plan

Thu, 26 Feb 2015 16:51:48 +1300 | BusinessDesk

Feb. 26 (BusinessDesk) - New Zealand's dairy industry has committed $5 million over two years to the fight against stoats, rats and possums, which destroy native flora and fauna, and can carry bovine tuberculosis. More >>

Auckland densification as popular as Ebola, English says

Thu, 26 Feb 2015 15:09:25 +1300 | BusinessDesk

Feb. 26 (BusinessDesk) - Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be.More >>

NZ Superfund spent $150,000 in legal fees on Portugal case

Thu, 26 Feb 2015 14:53:25 +1300 | BusinessDesk

Feb. 26 (BusinessDesk) - The New Zealand Superannuation Fund has so far spent about $150,000 in legal fees as part of its case to overturn a decision by the Bank of Portugal to move the fund's US$150 million investment into a "bad bank", ...More >>

Tamaki Redevelopment has key role in Auckland housing

Thu, 26 Feb 2015 13:34:23 +1300 | BusinessDesk

Feb. 26 (BusinessDesk) - The New Zealand government is looking at ways Tamaki Redevelopment Co can help boost the supply of affordable housing, which forms part of its focus on the nation's "unbalanced" property market, Finance Minister Bill English ...More >>

National not being straight about the economy

Thu, 26 Feb 2015 12:17:26 +1300 | New Zealand Labour Party

John Key and Bill English need to be straight with New Zealanders about the damage their failure to diversify the economy is doing, after new figures show export growth plunged due to a collapse in dairy exports, says Grant Robertson.More >>

NZ trade balance unexpectedly turns to surplus in January

Thu, 26 Feb 2015 11:42:24 +1300 | BusinessDesk

Feb. 26 (BusinessDesk) - New Zealand's trade balance unexpectedly turned to a surplus in January as the impact of weaker crude oil prices on imports outpaced a decline in exports led by dairy products.More >>

NZ annual net migration rises to new record

Thu, 26 Feb 2015 11:41:25 +1300 | BusinessDesk

Feb. 26 (BusinessDesk) - New Zealand's annual net migration rose to another record in January as fewer locals departed for Australia, while Indian student numbers continued to bolster the influx of new arrivals.More >>

UPDATE: Fonterra Shareholders' Council relieved at forecast

Thu, 26 Feb 2015 11:30:10 +1300 | BusinessDesk

Feb. 26 (BusinessDesk) - Farmers will be relieved at today’s decision by Fonterra Cooperative Group, the world’s largest dairy exporter, to maintain its forecast payout to farmer shareholders for the current season at $4.70 per kilogram of milk ...More >>

NZ Online Retail Sales: Monthly update for January 2015

Thu, 26 Feb 2015 11:27:04 +1300 | BNZ

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

Fonterra maintains forecast payout

Thu, 26 Feb 2015 08:57:37 +1300 | BusinessDesk

Feb. 26 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, maintained its forecast payout to farmer shareholders for the current season, saying recent gains in whole milk powder weren't enough to warrant an increase.More >>

 

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