NZ home sales recover in January as listings still lag

Article – Businesswire

Feb. 14 (BusinessDesk) – New Zealand home sales climbed by more than a quarter in January from the same month last year as the market gradually recovers momentum after an extended lull. Read more »

AMP Capital NZ increases bets on global growth

Article – BusinessDesk

Feb. 14 (BusinessDesk) – AMP Capital Investors (New Zealand), which manages $12 billion worth of assets, has increased bets on global growth, saying share valuations look attractive even in the face of Europe’s debt crisis. Read more »

AMP Capital says growth assets set to perform in 2012

Press Release – AMP Capital

Following two years of reasonably health returns, 2011 was a challenging year for equity markets but a strong December quarter recovered some of the earlier losses Bevan Graham, Chief Economist for AMP Capital in New Zealand, said at the company’s … Read more »

Rugby World Cup visitors spent $390 million

Press Release – Ministry of Economic Development

Visitors to New Zealand for the Rugby World Cup spent around $390 million, according to the International Visitors Survey released by the Ministry of Economic Development today. Read more »

Nationwide values continue to increase

Press Release – QV Valuations

Nationwide residential property values continued to gradually increase according to the latest QV monthly index. Values have risen 1.1% over the past three months and are now 2.7% above the same time last year, and 3.3% below the previous market … Read more »

Macroeconomic and geopolitical risks play on NZ markets

Press Release – Rabobank

Heightened macroeconomic and geopolitical risks are likely to exert a strong influence on global agricultural markets in 2012 resulting in considerable uncertainty in the New Zealand food and agribusiness sector, according to a new report released by Rabobank. Read more »

Food prices remain unchanged in January 2012

Press Release – Statistics New Zealand

Food prices showed no overall change in January 2012, but were up 1.0 percent on a year earlier, Statistics New Zealand said today. In January, higher prices for fruit and vegetables (up 3.6 percent) were offset by lower prices for meat, poultry, … Read more »

2.7 Million Visits to Seek

Press Release – SEEK

SEEK attracted almost 2.7 million website visits from jobseekers in January alone, a record high for New Zealand’s largest jobs board and an increase of 6% on the same time last year[1]. Read more »

NZ food prices unchanged in January; fruit, vegetables rise

Article – BusinessDesk

Feb. 14 (BusinessDesk) – An increase in the price of fruit and vegetables was the most significant element of the New Zealand food prices index that showed no overall change in January, after consecutive rises in November and December. Read more »

ASB Investor Confidence Survey, Q4 2011

Press Release – ASB Bank

Investors shrug off Europe worries and dig in for the long haul • ASB Investor Confidence Index steady amid Eurozone woes and low interest rates • Investors continue to show faith in Term Deposits • Bank Savings Accounts trend down while gradual … Read more »

UMR – “Mood of the Nation”

Press Release – UMR Research Ltd

Every UMR omnibus has included a standard mood question – asking New Zealanders whether they feel things in New Zealand are generally heading in the right direction or if they are off on the wrong track. Read more »

NZ dollar gains as Greek austerity stokes market optimism

Article – BusinessDesk

Feb. 14 (BusinessDesk) – The New Zealand dollar rose after the Greek Parliament approved a series of budget cuts, increasing investor optimism and boosting their demand for risk-sensitive assets. Read more »

Direct FX Weekly Market Overview

Press Release – Direct FX

Last week improved sentiment, which has been the theme of 2012, continued for the most part. Globally the economic data continued its positive momentum. The foreign exchange market however, did not fully mirror the wider market sentiment, as the … Read more »

Bathurst hopes for September appeals hearing, shares fall

Article – BusinessDesk

Feb. 13 (BusinessDesk) – West Coast coking coal miner Bathurst Resources expects it will be September at the earliest that the Environment Court will hear the appeal by environmental groups opposing resource consents granted for its Escarpment open … Read more »

MARKET CLOSE: NZ shares fall; Steel & Tube extends slide

Article – BusinessDesk

Feb. 13 (BusinessDesk) – New Zealand shares fell, led by Steel & Tube Holdings, which posted a profit drop last week and is one of the first companies to report in earnings season. Freightways ended the day lower after posting earnings that met … Read more »

Govt’s answer to a smaller public service: Google it

Article – BusinessDesk

Feb. 13 (BusinessDesk) – The government is talking seriously to the global search engine giant Google about providing software services to cut the cost and improve the efficiency of public services, Prime Minister John Key says. Read more »

Bollard may give upbeat assessment in Friday speech: BNZ

Article – BusinessDesk

Feb. 13 (BusinessDesk) – Reserve Bank of New Zealand Governor Allan Bollard may give an upbeat view of the economy this week in a speech to a Trans-Tasman Business Circle luncheon titled, “Could We Be Better off than We Think?” Read more »

Oil explorers fear EEZ Bill will derail drilling plans

Article – BusinessDesk

Feb. 13 (BusinessDesk) – Oil explorers say the timing of the Exclusive Economic Zone bill currently going through Parliament carries a serious risk to their plans to sink new oil wells in 2012 and 2013, and they warn resource consent hearings will … Read more »

Lake Wanaka sees significant growth in visitor numbers

Press Release – Lake Wanaka Tourism

LAKE WANAKA, New Zealand (13 February 2012) – December 2011 visitor number figures released by Statistics New Zealand have shown a significant growth in the Lake Wanaka region with an increase of 20,000 guest nights over December 2010. This growth was … Read more »

Rabobank Agribusiness Review February 2012

Press Release – Rabobank

Please find attached Rabobank’s latest Agribusiness Review for Australia and New Zealand . Prepared by the bank’s Food & Agribusiness Research and Advisory division (FAR), the report provides monthly commentary on New Zealand and Australian … Read more »

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