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NZD under pressure against Aussie as investors cheered

Article – BusinessDesk

Dec. 13 (BusinessDesk) – The New Zealand dollar is under pressure against the Australian dollar as signs of progress in the US-China trade dispute benefit the Aussie more than the kiwi, given Australia’s greater exposure to China. Read more »

PFI properties’ valuation rises 5.5% to $1.32 billion

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Property for Industry says the value of its portfolio has risen by 5.5 percent and that it has sold a Wellington property that had asbestos and earthquake issues. Read more »

UPDATE: MBIE officials grilled on terms of Westland Milk

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Not knowing how much interest Westland Milk is paying on its $9.9 million loan from the governments Provincial Development Fund leaves parliamentarians no means of assessing how much of a subsidy the dairy company is … Read more »

Broader definition of workplace harm

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Workplace Relations and Safety Minister Iain Lees-Galloway wants a greater focus on how to reduce all kinds of workplace harm in a new health and safety strategy. Read more »

MBIE officials grilled on terms of Westland Milk loan

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Not knowing how much interest Westland Milk is paying on its $9.9 million loan from the governments Provincial Development Fund leaves parliamentarians no means of assessing how much of a subsidy the dairy company is … Read more »

Trade Me suitor Hellman & Friedman drops out

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Trade Me suitor Hellman & Friedman has dropped out of the race to buy New Zealand’s dominant online marketplace. Read more »

Hydrogen not a short-term option for Huntly – Genesis

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Hydrogen may be the ideal fuel to provide dry-winter power supplies but it may not be economic before 2030, MPs heard today. Read more »

Kiwibank: dwindling need for physical branches

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Kiwibank says the number of customers using its branches has halved since 2015 and that fewer than 5 percent of customers use a branch as their only means of interacting with it, the banks chief customer officer Mark … Read more »

Buying off the plans driving down KiwiBuild cost to govt

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Government capital spending on the KiwiBuild programme will be lower than anticipated as more of the affordable homes are expected to be provided through buying and selling privately developed houses. Read more »

Treasury forecasting annual wage growth above 3%

Article – BusinessDesk

Dec. 13 (BusinessDesk) – The New Zealand economy is forecast to deliver annual average wage growth of more than 3 percent a year during the next five years, although economic growth rates are seen falling gradually over that time. Read more »

Fiscal policy to slow growth over next five years

Article – BusinessDesk

Dec. 13 (BusinessDesk) – The Labour-led coalition government will run a tight fiscal policy, keeping a lid on economic growth over the next five years, the Treasury’s half year fiscal and economic update says. Read more »

Robertson unveils first ‘wellbeing outlook’ ahead Budget

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Finance Minister Grant Robertson used todays Budget Policy Statement to give a first taste of how the Labour-led government will report on quality of life as well as traditional fiscal and economic indicators. Read more »