NZ dollar gains on greenback weakness after IBM disappoints

Article – BusinessDesk

Oct. 21 (BusinessDesk) – The New Zealand dollar gained as the greenback declined on concern a nascent economic recovery in the US may be derailed should the Federal Reserve tighten policy too aggressively, after IBM earnings disappointed investors. Read more »

Companies still plan to list, despite volatility: AMP Capita

Article – BusinessDesk

Oct. 20 (BusinessDesk) – AMP Capital New Zealand, which manages more than $18 billion of assets, expects more companies to list on the local stockmarket before the year’s end, undeterred by the resurgence of global volatility as uneven economic growth … Read more »

NZ dollar gains as rally in stocks show sell-off overdone

Article – BusinessDesk

Oct. 20 (BusinessDesk) – The New Zealand dollar gained with equity markets across Asia on speculation investors who sent shares lower last week were too gloomy about the prospects for global growth. Read more »

Joyce to focus on R&D spending, skilled workers, exports

Article – BusinessDesk

Oct. 20 (BusinessDesk) – Economic Development Minister Steven Joyce says his top priorities for the next three years are to lift private sector spending on research and development, alleviate a shortage of engineers and ICT workers, and keep New … Read more »

NZ consumer confidence slips to 12-month low in October

Article – BusinessDesk

Oct. 20 (BusinessDesk) – New Zealand consumer confidence fell to a 12-month low in October as households felt less cheery about the future, with economic growth coming off the boil. Read more »

UPDATE: NZ Dollar Outlook: Kiwi may decline on weak CPI

Article – BusinessDesk

UPDATE: NZ Dollar Outlook: Kiwi may decline as weak inflation damps forecasts for rate hikes Read more »

NZ Dollar Outlook: Kiwi may decline on weak inflation

Article – BusinessDesk

Oct. 20 (BusinessDesk) – The New Zealand dollar may decline this week on the expectation weak inflation data will prompt a pull back in forecasts for future interest rate hikes, reducing demand for the local currency. Read more »

Key trends and demands in New Zealand’s farming sector

Speech – Federated Farmers

It is an exciting time to be in the farming sector, as pastoral farming lies at the heart of our economy and how we see ourselves as a nation. We are a primary superpower that ranks among the best on earth in relation to production efficiency, environmental … Read more »

NZ services sector still buoyant in September

Article – BusinessDesk

Oct. 20 (BusinessDesk) – New Zealand service sector activity expanded at a slightly quicker pace in September than a month earlier, and alongside its sister manufacturing survey continues to point to above-average economic growth. Read more »

NZ dollar rises against yen as global sentiment improves

Article – BusinessDesk

Oct. 20 (BusinessDesk) – The New Zealand dollar gained against the Japanese yen as improved US economic data bolstered sentiment on global growth, prompting investors to reduce holdings of safe haven currencies such as the yen. Read more »

Visiting Harvard Prof Bloom urges NZ to raise retirement age

Article – BusinessDesk

Oct. 17 (BusinessDesk) – New Zealand needs to lift its retirement age and take advantage of an adaptable workforce before it gets too late, according to a visiting Harvard University professor. Read more »

ASB Farmshed Economics Report

Press Release – ASB Bank

As we predicted in last months Farmshed, the beef boom has hit new heights and beef prices are currently 5% higher than the previous peak seen way back in September 2008, says ASB Rural Economist Nathan Penny. The US appetite for beef shows … Read more »

Sole Parents lead the way in benefit drop

Press Release – New Zealand Government

Social Development Minister Anne Tolley welcomes the latest release of benefit figures showing the number of people on welfare for the September quarter is the lowest since 2008, with sole parents leading the impressive results. Read more »

Speech to Fieldays stakeholder engagement function

Speech – New Zealand Government

Its great to be here tonight, talking to everyone involved in Fieldays. This is the biggest event of its kind in the southern hemisphere, attracting nearly 120,000 visitors this year including a large number of international visitors and delegations. Read more »

Regulations threaten property growth, say investors

Press Release – ANZ New Zealand

Residential property investors are still confident, growing and looking to buy more properties despite rising interest rates but many would consider selling up in the event of proposed new regulations. Read more »

Capital Connection fare to increase

Press Release – KiwiRail

Media release 17 October 2014 Capital Connection fare to increase for travel from 1 November 2014 Read more »

NZ dollar drops in volatile markets amid Fed uncertainty

Article – BusinessDesk

Oct. 17 (BusinessDesk) – The New Zealand dollar weakened in volatile trading amid investor uncertainty about the policy direction of the US Federal Reserve. Read more »

New Zealand export log prices lift in October on weaker kiwi

Article – BusinessDesk

Oct. 16 (BusinessDesk) – New Zealand export log prices lifted for the third month, as a weaker kiwi boosted local currency returns. Read more »

Fletcher to close its Christchurch insulation plant, 29 jobs

Article – BusinessDesk

Oct. 16 (BusinessDesk) – Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. Read more »

40 more jobs lost to cheap imports

Press Release – EPMU

40 more jobs lost to cheap imports Another New Zealand manufacturer is closing its doors, giving the lie to the idea that we have a rock star economy or any strategy for jobs growth. Wellpack is a paper bag manufacturer based in Upper Hutt, Wellington. … Read more »

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