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Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

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Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

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Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

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Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

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Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

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Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

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'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

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Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

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Efficiency: Businesses And Households To Save From New Energy Plans
Minister of Energy and Resources Simon Bridges today announced three energy efficiency initiatives to improve business productivity, save money and reduce carbon emissions. More>>

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Scoop Business: NZ House Values Rise At Slowest Annual Pace In 6 Months
New Zealand property values increased at the slowest annual pace in six months in March as lower Christchurch valuations, high-debt lending restrictions and interest rate hikes weighed on the market. More>>

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Botulism Scare: UPDATE: Fonterra Fined $300,000 Over Food Safety Failings
Fonterra Cooperative Group, the country’s biggest company, was fined $300,000 for breaches of the Animal Products Act during last year’s whey protein concentrate incident. More>>

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John Key: Pre-Budget Speech To North Harbour Club
Today I want to talk about the Budget, which will come out on 15 May. This will be the National-led Government’s sixth budget.
Some of those budgets have felt at times like an exercise in crisis management. So I take my hat off to Bill English... More>>

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De-Diversification: New Zealand Post Sells Localist
New Zealand Post Group has sold its subsidiary company Localist. The business was purchased by a group led by Localist CEO Christine Domecq. New Zealand Post Group CEO Brian Roche said the sale is a good outcome for New Zealand Post and Localist. More>>

Employment: Minimum Wage Rise 'Not Enough For Working Families'
The Public Service Association says the 50 cent rise in the minimum wage which comes into effect Tuesday is too little for struggling New Zealanders. “A 50 cent increase is little relief for thousands of working families struggling to get by.” More>>

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Scoop Business: Genesis Shares Worth More Than $1.55, Say Four Research Reports
Four out of five independent research reports from investment houses in New Zealand and Australia value Genesis Energy shares at higher than the $1.55 a share offer price announced by government Ministers last Friday. More>>

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Jamie Neikrie: US VFX Workers Fight Back, With Ramifications For NZ
Thanks to strange turn of events, the U.S VFX industry may finally have some firepower to fight back. Their source; the Motion Picture Association of America’s own words. More>>

Fonterra: Interim Profit Down, Record Forecast Cash Payout Maintained
Fonterra Co-operative Group is on track to deliver the highest-ever returns to Farmer Shareholders and the New Zealand economy, with a forecast Cash Payout of $8.75. More>>

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Environment: Kauri Dieback Found On The Coromandel
Test results revealed the presence of Phytophtora taxon Agathis (PTA) or kauri dieback disease in a Department of Conservation block in the Whangapoua Forest, north of Whitianga. The area is not easily accessible to the public and is used predominantly by pig hunters. More>>

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Newspaper Publishers: NZ Press Council To Extend Coverage, Gain New Powers
The Press Council is to offer membership to new digital media and gain additional powers to deal with complaints against traditional print media. More>>

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New Paper: NZ Well Positioned To Be A Green Economy Says Royal Society
The Royal Society of New Zealand says environmental problems are beginning to threaten social and economic wellbeing and that New Zealand would benefit from a move to a green economy. More>>

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December 2013 Quarter: GDP Up 0.9 Percent
Strong growth in manufacturing saw gross domestic product (GDP) rise 0.9 percent in the December 2013 quarter, Statistics New Zealand said today. More>>

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Stats: Record Dairy Exports Shrink Current Account Deficit
An increase in the value of dairy product exports has seen New Zealand record its smallest seasonally adjusted current account deficit since the March 2010 quarter, Statistics New Zealand said today. More>>

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Big [Bang] Deals: First Direct Evidence Of Cosmic Inflation
In the first fleeting fraction of a second [after the Big Bang], the universe expanded exponentially, stretching far beyond the view of our best telescopes. All this, of course, was just theory. Researchers from the BICEP2 collaboration today announced the first direct evidence for this cosmic inflation. More>>

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Four 'Centres For Research Excellence' De-Funded: University Backs Comments On Māori CoRE
The University of Waikato is supporting one of New Zealand’s senior Māori academics who has criticised the decision to stop funding Ngā Pae o Te Māramatanga... the decision puts at risk research capacity, infrastructure and “a set of beliefs that the research system is genuinely interested in innovation”. More>>

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Whey Protein: MPI Files Charges Against Fonterra
The Ministry for Primary Industries (MPI) filed charging documents on Wednesday 12 March in Wellington District Court against Fonterra Limited, following MPI’s compliance inquiries into last year’s Whey Protein Concentrate incident. More>>

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Scoop Business: Wheeler Lifts OCR To 2.75% In First Hike Since 2010
Reserve Bank governor Graeme Wheeler lifted the official cash rate a quarter-point to 2.75 percent in the first move of a tightening cycle, and signalled potential for a steeper track for future hikes as he tries to prevent inflation accelerating. More>>

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Scoop Business: Bridgecorp Receiver Cuts $18.9M Deal With Directors
The receiver for Bridgecorp has reached a deal with the former directors and insurer of the failed lender, which will boost the payout to investors by 4 cents in the dollar. More>>

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Crown Accounts: Tax Take Continues To Fall Short, Pushing Government Deficit
The New Zealand government’s operating deficit was wider than expected in the first seven months of the 2014 financial year, with a smaller tax take than forecast and lower than anticipated tobacco excise duty. More>>

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Broadband: Chorus And Crown Fibre Holdings Agree UFB Improvements
Chorus today announced a package of improvements to the UFB initiative have been agreed with Crown Fibre Holdings that ensure the roll-out is more cost effective, provides better outcomes for end users and eliminates some barriers to take-up. More>>

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Employment: Health And Safety Reform Bill Introduced
The biggest health and safety reforms in 20 years are today one step closer with the introduction of the Health and Safety Reform Bill says Labour Minister Simon Bridges. More>>

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Technology: 3D Models Released For Christchurch City
The release of a new set of 3D models of central Christchurch today – as part of the Canterbury Spatial Data Infrastructure (SDI) Programme led by Land Information New Zealand (LINZ) – means it will now be much easier to visualise the inner city as it was before September 2010. More>>

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Fisheries: Low Count Triggers New Plan For Endangered NZ Sea Lion
A Threat Management Plan for the New Zealand sea lion is to be developed in response to this season’s low pup count on the Auckland Islands, Conservation Minister Dr Nick Smith announced today from the HMNZS Wellington at Port Ross in conjunction with Primary Industries Minister Nathan Guy. More>>

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Transport: LPC To Develop Inland Port
Lyttelton Port of Christchurch today announced the conditional purchase of a 27-hectare site in Rolleston for the development of a second inland port. More>>

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Sea Spots: New Subantarctic Marine Reserves Established
Conservation Minister Dr Nick Smith has formally established three new marine reserves covering 435,000 hectares of ocean surrounding the Antipodes, Bounty and Campbell Islands from Perseverance Harbour, Campbell Island. More>>

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Science: First NZ Storm Petrel Egg Found
Researchers studying the New Zealand storm petrel on Te Hauturu-o-Toi (Little Barrier Island) in the Hauraki Gulf Marine Park are the first scientists to find a NZ storm petrel egg. More>>

Scoop Business: Fonterra Hikes Forecast Pay-Out To Farmers Further
Fonterra Cooperative Group, the worlds biggest dairy exporter, has raised its forecast pay-out to farmers as global demand for milk powders remains strong, while holding its expectations for a reduced dividend. More>>

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