JPMorgan’s NZ branch gets formal warning for 2013 lapse

Article – BusinessDesk

JPMorgan’s NZ branch gets formal warning from central bank over lack of risk assessment plan in 2013 Read more »

NZ government launches Ageing Well, latest science challenge

Article – BusinessDesk

March 4 (BusinessDesk) – Science and Innovation Minister Steven Joyce has launched the Ageing Well National Science Challenge, one of 11 planned by the government to tackle the countrys biggest science-based issues. Read more »

Auckland February house sales high, price pressure eases

Press Release – Barfoot and Thompson

While the number of Auckland house sales were at their second highest level in a February for seven years, a significant increase in choice eased the pressure on values with the average and median sales prices for the month both edging down. Read more »

NZ residential building activity rises 4.3% in 4th-qtr

Article – BusinessDesk

March 4 (BusinessDesk) – New Zealand residential building activity rose for the first time in three quarters in the final three months of 2014, led by earthquake-related rebuilding work in Canterbury. Read more »

Auckland houses prices fall in Feb as volume, listings rise

Article – BusinessDesk

March 4 (BusinessDesk) – Auckland house prices fell in February, as listings rose and the number of properties sold reached its second-highest level in seven years for that month, according to the city’s largest realtor. Read more »

NZ new vehicle sales jump 8.1% to 31-year high in February

Article – BusinessDesk

March 4 (BusinessDesk) – New Zealand new vehicle sales rose 8.1 percent in February to the highest level for 31 years, reflecting buoyant economic conditions. Read more »

NZ dollar benefits from commodity currency gains

Article – BusinessDesk

March 4 (BusinessDesk) – The New Zealand dollar rose along with other commodity currencies after the Australian Reserve Bank chose not to cut interest rates yesterday and following better-than-expected growth data in Canada. Read more »

RBA holds cash rate at 2.25%, open to further easing

Article – BusinessDesk

March 3 (BusinessDesk) – The Reserve Bank of Australia held its cash rate unchanged, having cut the benchmark to a record low last month, saying further cuts may be appropriate to stoke sustainable economic growth. Read more »

Carter Holt appeals failed strike-out bid over leaky schools

Article – BusinessDesk

March 3 (BusinessDesk) – Carter Holt Harvey, the building products supplier owned by billionaire Graeme Hart, is appealing its failed bid in the High Court to strike out a claim that its cladding contributed to a nationwide problem of leaky school … Read more »

NIWA Monthly Climate Summary – February 2015

Press Release – NIWA

A dry month in the east of both Islands and widespread dry soils. Read more »

Auckland values continue to surge ahead of other centres

Press Release – QV Valuations

The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for February have increased 6.4% over the past year and 3.1% over the past three months. This means they are now 20.3% above the previous market peak … Read more »

NZ property values rise at fastest pace in 5 months: QV

Article – BusinessDesk

NZ property values rise at fastest pace in 5 months in February, led by Auckland Read more »

Magnetic milk – the lure of dairy investment down under

Press Release – Rabobank

In 2014 there was a flurry of inbound investment activity by Asian dairy companies, mostly from China, into the New Zealand and Australian dairy sectors. However Rabobank warns that ongoing growth in import requirements by Chinese and wider Asian dairy … Read more »

Monthly Economic Indicators February 2015

Press Release – New Zealand Treasury

The New Zealand economy is expected to grow strongly in the December quarter, supported by household demand. Data suggest continued solid demand in the March quarter, although the drought is expected to have a negative impact. The inflation outlook … Read more »

NZ Dollar Outlook: Kiwi at mercy of overseas moves this week

Article – BusinessDesk

March 2 (BusinessDesk) – The New Zealand dollar will probably be at the mercy of overseas news this week with several central bank meetings and key data releases. Read more »

Kiwi Dollar to Reach Parity with Aussie Dollar in 2015

Press Release – iPredict

The New Zealand dollar will reach parity with the Australian dollar in 2015 and there is just over a 50% probability it will do so by the end of June, according to the combined wisdom of the 8000+ registered traders on New Zealands predictions … Read more »

NZ terms of trade fall 1.9% in 4th qtr

Article – BusinessDesk

NZ terms of trade fall 1.9% in 4th qtr, on falling prices for dairy exports Read more »

Lower dairy prices continue to push down terms of trade

Press Release – Statistics New Zealand

The merchandise (goods) terms of trade fell 1.9 percent in the December 2014 quarter, due to export prices falling and import prices rising, Statistics New Zealand said today. This is the second consecutive fall in the terms of trade, following six increases … Read more »

NZ dollar gains after Chinese central bank cuts rates

Article – BusinessDesk

March 2 (BusinessDesk) – The New Zealand dollar advanced on expectations a reduction in interest rates in China may stimulate demand for New Zealand commodities in the country’s largest trading partner. Read more »

World Week Ahead: US jobs data, Yellen speaks

Article – BusinessDesk

March 2 (BusinessDesk) – The latest US jobs data will take centre stage this week as investors refocus on the state of the economy as they refine their bets on when the Federal Reserve will start to lift interest rates. Read more »

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