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Reserve Bank Holds Rate: Dollar Jumps As Potential Hike Wrong-Foots Traders

The New Zealand dollar jumped just over one US cent after the Reserve Bank's bias towards eventually hiking interest rates - rather than cutting them - wrong-footed traders who were more wary about global risks. More>>

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Dolphins, Albatross, And... Four Endangered Sea Lions Dead In Nets In One Week

Forest and Bird: Four endangered NZ sea lions have been killed in commercial fishing nets in one week, making this the third day in a row endangered animals have been confirmed dead at the hands of the commercial fishing industry. More>>

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Solar: Falling Battery Costs May Outstrip Transpower Projections

Falling solar and battery costs may already have overtaken prices assumed in Transpower’s latest modelling of the future power system, the Sustainable Energy Association of New Zealand says. More>>

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Dire Deals: SAFE Salutes Short Shrift For Saudi Sheep

SAFE applauds the Government’s decision to cancel the controversial Saudi sheep deal, a plan by the previous Government which was to include a $10 million slaughterhouse in the Saudi desert. More>>

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Nelson Fires: Extended Emergency

A combination of benign weather and outstanding fire management has seen the risk posed by the Pigeon Valley fire significantly reduced for some areas. More>>

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Surplus Beats Forecast: Bigger Tax Take From GST, Tobacco Bolsters Govt Coffers
The Crown reaped a bigger tax take than expected from GST and tobacco excise in the six months through December, while KiwiBuild and welfare payments were smaller than projected. More>>

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Feedback: Next Phase In Fisheries Management Reform
Fisheries Minister Stuart Nash has released a discussion document on proposed changes designed to improve commercial fishing practices. More>>

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Unsealed Documents: Working USB Stick In 2017 Leopard Seal Poo
The poo, known scientifically as scat and about the size of two bread rolls, is as good as gold for leopard seal researchers. It can tell them what these Antarctic predators eat, a little bit about their health and how long they may have been in New Zealand waters... More>>

Statistics: New Homes Consented Reach 14-Year High
In the December 2018 year, 32,996 new homes were consented, just below the most recent peak in the June 2004 year, when 33,251 were consented... “The all-time record was 40,025 new homes consented in the year ended February 1974.” More>>

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In Hot Waters: Company Blames MPI For Illegal Fishing
The fishing vessel Amaltal Apollo stopped fishing as soon as it was aware the vessel’s captain had inadvertently fished in an unauthorised area in the Tasman Sea as defined by the South Pacific Regional Fishing Management Organisation (SPRFMO). More>>

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DOC: Little Blue Penguins Stolen From Nest
The Department of Conservation is concerned about the potential smuggling of little blue penguin/kororā in Hawkes Bay, after receiving information about the capture and removal of two birds from a burrow at Perfume Point in Napier. More>>

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Income And Expenses: Air NZ Shares Hit 3-Month Low
Air New Zealand shares sank to a three-month low after the national carrier warned annual earnings will drop by as much as 37 percent, with softer tourism and slowing domestic travel restraining revenue growth. More>>

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Weather: Health Warnings As Heatwave Hits NZ
New Zealanders are being urged to stay inside, drink lots of water and limit alcohol this week as temperatures are set to soar by about 6C above average. More>>

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Jane Kelsey: NZ Joins Breakaway Push For WTO E-Commerce Rules
"The new e-commerce template first appeared in the Trans-Pacific Partnership Agreement (TPPA) and remains unaltered in the revised CPTPP. It literally codifies a wish-list of rules written by the US Big Tech industry to protect them from regulation." More>>

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"Dirty Politics": Leak On Fair Pay Agreements And Individual Contracts
First Union: “My understanding... is that they are simply about setting minimum standards over and above which working people are free to negotiate their own terms and conditions, their own pay rate, their own sick leave etc. People can still choose whether or not they unite with a union.” More>>

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Employment Standards: Business Owners Pay Personally For Breaches
Two Employment Relations Authority determinations have sent a strong message that both businesses and owners can be significantly penalised for breaching multiple employment standards. More>>

'Unprecedented' Conditions: Genesis Coal Burn 5-Yr High
Coal-fired generation from Genesis Energy’s Huntly operations was the highest in more than five years in the December quarter, as a combination of low hydro storage and plant outages were compounded by tight natural gas supplies. More>>

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Climate Summary: NZ’s Equal-2nd Warmest Year On Record
Annual temperatures were above average (+0.51°C to +1.20°C above the annual average) across the majority of New Zealand... 2018 was the equal 2nd-warmest year on record for New Zealand, based on NIWA’s seven-station series which began in 1909. More>>

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GDP: Economic Growth Dampens In The September Quarter
Gross domestic product (GDP) rose 0.3 percent in the September 2018 quarter, down from 1.0 percent in the previous quarter, Stats NZ said today... GDP per capita was flat in the September 2018 quarter, following an increase of 0.5 percent in the June 2018 quarter. More>>

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Retail: IKEA To Open In New Zealand
Inter IKEA Systems B.V. is today announcing its intentions to grant the Ingka Group exclusive rights to explore expansion opportunities in New Zealand. More>>

Reserve Bank: Capital Proposals Are 'Radical', Says Fitch
International credit rating agency Fitch says the Reserve Bank's proposals for increased bank capital adequacy ratios are "radical" and "highly conservative relative to international peers", but the result will ultimately be "significantly stronger buffers" against financial system shocks. More>>

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