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Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

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Crown Accounts: Government Ekes Out Six-Month Surplus Of $9M

The New Zealand government eked out a tiny surplus in the first six months of the fiscal year as growth in domestic consumption lifted the goods and services tax take, while uncertainties over the Kaikoura earthquake costs meant expenses were less than expected. More>>

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Almost 400 Jobs: Shock At Cadbury's Dunedin Factory Closure

Workers at Cadbury in Dunedin are reeling after learning this morning that the iconic Cadbury factory is to close, with the loss of almost 400 jobs... “The company had reported it was doing well and this has come out of the blue,” says Chas. More>>

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Transport: Boards Of Inquiry For Auckland Roading Projects

Boards of Inquiry have been appointed to decide on two significant Auckland roading projects in a move which will get a decision by the end of the year, Environment Minister Dr Nick Smith and Conservation Minister Maggie Barry announced today. More>>

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Trans Tasman Resource will try again in hearings starting this week to get permission to mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone. More>>

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'Restricted': Way Clear For Pharmacists To Dispense Oral Contraception
Medsafe has accepted a recommendation by the Medicine Classifications Committee (MCC) to change the classification of certain oral contraceptives from ‘prescription’ to ‘restricted’ medicines, meaning they can be sold over the counter. More>>

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Inflated Prices? Government To Investigate Fuel Market Returns
Energy and Resources Minister Judith Collins has today announced a Market Study into fuel prices/returns to be undertaken by the Ministry of Business, Innovation and Employment (MBIE). More>>

Money: Inflation Hits Poor Households Hardest
Beneficiaries and low-spending households experienced the highest inflation over the past year, Statistics NZ said today. Their overall costs increased 1.4 percent. This was more than double the rate of inflation experienced by New Zealand's highest spenders. More>>

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Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent... Recent moderation in house price inflation is welcome, and in part reflects loan-to-value ratio restrictions and higher mortgage rates. More>>

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Lending: Minister Requests Cost-Benefit Analysis On Debt To Income Limits
A full cost-benefit analysis on Debt-to-Income (DTI) limits and public consultation will be conducted by the Reserve Bank before any decision is made on the potential use of the macro-prudential policy tool, Finance Minister Steven Joyce says. More>>

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Mark Your Fiscal Calendar: 2017 Budget To Be Presented On 25 May
The Government's 2017 Budget will be delivered on Thursday 25 May, and will be centred on providing opportunities for all Kiwis to get ahead, Finance Minister Steven Joyce says. More>>

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Unsold Energy: No Buyer For Spring Creek Mine Leads To Closure
Despite an exhaustive sales process Solid Energy has been unsuccessful in securing a buyer for Spring Creek Mine and has reluctantly taken the decision to close the mine. Spring Creek Mine has been in care and maintenance since 2012 when production was stopped following a review of the mine’s economic viability. More>>

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Beer: Heineken-Owned DB Buys Tuatara For Undisclosed Sum
Heineken-owned DB Breweries, which owns bars and liquor brands including Tui, Monteiths and Redwood Cider, has bought Kapiti boutique brewer Tuatara Brewing Co for an undisclosed sum. More>>

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Numbers Of Jobs: Unemployment Rate Rises To 5.2 Percent As Labour Force Hits Record
"The December quarter saw a large number of people enter the labour force," labour and income statistics manager Mark Gordon said. "But while the number of people in employment has risen, so has the number of unemployed people ." More>>

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Xtra Email: Spark Burns Older Systems
Spark service update: Some customers may be experiencing problems receiving Xtra mail when using an out of date third party mail client configuration. For Windows PCs this includes for example, using Windows XP with an Outlook product. For Macs this includes for example Outlook 2011 or older. More>>

Facades And Parapets: $3 Million Fund To Help Make Wellington’s Buildings Safer
Wellington’s Mayor Justin Lester welcomes today’s announcement from the Government of a $3 million fund to assist Wellington building owners to secure unreinforced masonry on their buildings and says it will go a long way to keeping people safe in future earthquakes. More>>

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Real Estate: Housing Prices Head South In Most Of NZ
Housing became more affordable for first home buyers in many parts of the country including Auckland last month, as falling prices more than offset rising mortgage interest rates. More>>

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Cosmetics & Pollution: Proposal To Ban Microbeads
Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

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NIWA: 2016 New Zealand’s Warmest Year On Record
Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

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Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs
Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

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NZ Economy: More Growth Than Expected In 3rd Qtr
Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline
    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings
    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

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    Extended Warranties: Godfreys Fined For Agreements It Sold
    New Zealand Vacuum Cleaner Company Limited (trading as Godfreys) was today fined $58,000 in the Manukau District Court after earlier pleading guilty to 10 charges relating to its extended warranty agreements. More>>

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