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Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>

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Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>

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Talking Up The Economy: NZD Gains On PM's Mistaken GDP Comment

Her comments were downplayed by her chief press secretary who said she was referring the government's June year financial statements and had "made a mistake." More>>

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Off The Lam: 50 Lambs Reported Lost, Found
The sheep had escaped and merged with another farmer’s flock. The combined flocks had been moved to another property before the farmer realised the missing sheep were included. More>>

Rotting Poles: Commission To File Proceedings Against Aurora Energy
The Commerce Commission has decided to file court proceedings against Dunedin-based electricity lines company Aurora Energy for breaching its regulated quality standards in 2016 and 2017. More>>

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Gordon Campbell: On The Rising Cost Of Petrol
As petrol gets more and more expensive, Auckland motorists have several things to blame for it – the slumping value of the Kiwi dollar, Donald Trump’s sanctions on Iranian oil, hurricanes in the Caribbean… But it is simpler and feels better to lay all the blame on the regional fuel tax. More>>

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Don't Have A Cow: Fonterra Swings To FY Net Loss
Fonterra Cooperative Group said it is taking stock of its business, prioritising a return on capital and aiming to set realistic forecasts as it looks to turn the business around after a disappointing full-year loss that fell short of its guidance. More>>

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PM's Science Advisor: Mitigating Agricultural Greenhouse Gas Emissions
Maintaining agriculture’s central role in our export economy will require the sector to be increasingly sympathetic to the environment. More>>

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Govt Funds: $1.96 Million For Tourism Infrastructure
“The funded projects may be for basic facilities like toilets and carparks, however, in many cases there were clear links to a wider vision for tourism development in the region,” Mr Roberts says.More>>

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Decision 'Too Political' - Report: Capital Gains Tax Back Down Signalled
Indications today that the Tax Working Group may be set to reject a Capital Gains Tax shows even a handpicked working group won’t go along with the ideology of this Government, National’s Finance Spokesperson Amy Adams says. More>>

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Business, Not So Much: CTU Welcomes Employment Relations Bill Report
"The Select Committee heard vocal submissions from employers on this Bill, and real stories from everyday people who have been hurt by the last Government’s attacks on their working rights, lives and incomes..." More>>

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Consultation Details: Phase 2 Of The Reserve Bank Act Review
The joint Treasury and Reserve Bank Team undertaking Phase 2 of the Government’s Review of the Reserve Bank Act has released the outline of how Phase 2 will proceed. More>>

Up Annually In Auckland: NZ Home Consents Down In July
The number of new homes consented fell a seasonally adjusted 10 percent in July 2018, Stats NZ said today. This followed an 8.2 percent fall in June, after a 6.7 percent rise in May. More>>

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Mycoplasma Bovis: First Infected Property Confirmed In Northland
The farm, as with all other infected properties, was identified through the tracing of animals movements from known infected farms and is under a Restricted Place legal notice under the Biosecurity Act. More>>

Employment Violation: Burger King Banned From Hiring Migrants For A Year
Burger King has been banned from employing migrant workers for a year after a former worker's extra hours took their pay below the minimum wage. More>>

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Forest And Bird: Seabed Mining Decision Quashed In High Court
New Zealand’s only known population of blue whale has been granted a reprieve from the imminent threat of experimental seabed mining, and conservationists are celebrating. More>>

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NZX: Glitch Halts Trading For Most Of Day
New Zealand shares barely traded today as the system was down for most of the day due to operational issues. The S&P/NZX50 Index rose 7.6 points, or 0.08 percent, to 9,214.02 before the glitch halted trading. More>>

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Business Time: PM Announces Business Advisory Council
Prime Minister Jacinda Ardern has announced the formation of the Prime Minister’s Business Advisory Council, with Air New Zealand CEO Christopher Luxon as its chair, in a major speech delivered to the business community in Auckland today. More>>

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Reinvestment, Staff Bonuses: Second Highest Profit In Air NZ History
Shareholders of Air New Zealand will receive a final dividend of 11.0 cents per share, taking the total ordinary declared dividend for the year to 22.0 cents per share... Chairman Tony Carter praised the strength of the result, which demonstrates the airline’s resiliency. More>>

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Enter The Samurai: Wasp Approved For Stink Bug Response
The samurai wasp, an organism new to New Zealand, can now be used to fight any invasion by the brown marmorated stink bug... The samurai wasp may only be released in New Zealand after a stink bug invasion has been detected, and only at the location of the incursion. More>>

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Goat Milk: New PGP For Infant Formula
A new Primary Growth Partnership programme launched today has its sights on growing a sustainable, high value goat milk infant formula industry in New Zealand. More>>

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Tornado Aftermath: More Storms Forecast For New Plymouth
Up to 30 homes were damaged Monday night when a tornado roared through a New Plymouth suburb last night , cutting power lines, tearing off roofs, and toppling trees. More>>

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Government Investment Rejig: Sustainable Food & Fibre Futures Launched
Growing New Zealand’s food and fibre sectors sustainably and supporting a thriving economy are the hallmarks of a new investment programme announced today by Agriculture Minister Damien O’Connor. More>>

Dump Levy Options: Waste Work Programme Announced
Associate Environment Minister Eugenie Sage has announced a programme of work to take action on New Zealand’s long-neglected waste problems. More>>

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Real Estate: Foreign Buyers Ban Passes Third Reading
The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House. More>>

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Nine Merger: Fairfax Slashes Value Of NZ Business
Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment. More>>

Collecting Scalpers: Commerce Commission To Sue Viagogo
The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>

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Price Of Cheese: Fonterra CEO Goes Early After Milk Price Trimmed
Aug. 15 (BusinessDesk) - Fonterra Cooperative Group chief executive Theo Spierings is leaving the role early after the world's biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash. More>>

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