Nielsen Consumer Confidence Index Q1 2016

Press Release – Nielsen Global Survey

AUCKLAND, 19 MAY 2016 In the latest Nielsen Global Survey of Consumer Confidence and Spending Intentions, New Zealand consumer confidence remained stable in the first quarter at an index of 99, just below the optimism baseline score of 100. The score … Read more »

TrustPower would ‘vigorously’ fight loss of revenue

Article – BusinessDesk

May 18 (BusinessDesk) – Trustpower could be among the biggest losers under the Electricity Authority’s proposed changes to charges for the national grid and is likely to “vigorously” fight changes to distributed generation pricing changes that could slash $25 million … Read more »

NZ dollar tumbles vs Aussie after RBA minutes

Article – BusinessDesk

May 17 (BusinessDesk) – The New Zealand dollar declined against its Australian counterpart after minutes of the last Reserve Bank of Australia meeting showed some reluctance to cut rates at the May 4 meeting and extended its decline after a survey showed … Read more »

NZ inflation expectations edge higher in latest RBNZ survey

Article – BusinessDesk

May 17 (BusinessDesk) – New Zealand inflation expectations rose slightly in the Reserve Bank’s latest quarterly survey, after the previous survey’s surprisingly weak outcome, and remained well below the mid-point of the central bank’s target range. Read more »

NZ primary sector needs story to sell globally

Article – BusinessDesk

May 17 (BusinessDesk) – New Zealand needs to develop a new primary sector story to help sell its products to the world, says Mike Petersen, New Zealands special agricultural trade envoy. Read more »

Big increase in KiwiSaver withdrawals to buy first home

Press Release – ANZ Bank

Big increase in KiwiSaver withdrawals to buy first home – ANZ The number of first home withdrawals from ANZs KiwiSaver schemes has increased by 188% over the past three years, as KiwiSaver balances increase and become an increasingly important … Read more »

Kiwi may decline as traders eye inflation outlook

Article – BusinessDesk

May 16 (BusinessDesk) – The New Zealand dollar may decline this week as traders weigh updates on the inflation outlook and dairy prices, and the US dollar looks set to strengthen. Read more »

LA-Guangzhou-Auckland summit opportunity for Māori economy

Press Release – New Zealand Government

Mori Development Minister Te Ururoa Flavell this morning shared the stage with Mayors from Los Angeles, Guangzhou and Auckland to discuss further developing the cities cultural and economic relationships. Read more »

Key plucks $3b out of thin air – reckless and irresponsible

Press Release – New Zealand Labour Party

John Key refuses to give up on his dream of tax cuts to the wealthy, despite being shot down by Bill English, and is resorting to plucking numbers out of thin air, says Labours Finance spokesperson Grant Robertson. Read more »

AA Traveller welcomes additional Cycle Trail funding

Press Release – Automobile Association

AA Traveller welcomes the governments increased commitment to Nga Haerenga, the New Zealand Cycle Trail with an additional $25 million in funding over the next four years. Read more »

NZ services sector picks up in April

Article – BusinessDesk

May 16 (BusinessDesk) – New Zealand’s services sector, which accounts for about two-thirds of the economy, picked up in April, suggesting the economy is growing at a “better than average” pace heading into the second quarter. Read more »

Auckland ready for economic summit

Press Release – Auckland Council

Around 700 senior political representatives and business leaders have begun gathering in Auckland for next weeks annual Tripartite Economic Summit between Los Angeles, Guangzhou and Auckland. Read more »

CentrePort contributes $2.5 billion to central NZ economy

Press Release – CentrePort

CentrePort contributes some $2.5 billion to central New Zealand GDP, according to an independent report by Berl. Read more »

Kennedy Graham: speech on the TPPA in the General Debate

Speech – Green Party

Dr Kennedy Graham’s speech on the TPPA in the General Debate 12.05.16 Read more »

Investment in infrastructure needed now

Press Release – New Zealand Labour Party

Despite the Reserve Bank highlighting the need for higher levels of capital expenditure to stimulate the economy, the Government is going to do the exact opposite, Labours Finance spokesperson Grant Robertson says. Read more »

The RBA’s May rate cut will help keep households happy

Press Release – Altair

Economic Insights: The RBAs May rate cut (and more to come) will help keep households happy Read more »

Discussion papers on inflation

Press Release – Reserve Bank

Two discussion papers by Miles Parker have been published on the Reserve Banks website. Read more »

Economic alliance summit attracts top speakers

Press Release – Auckland Council

Next weeks summit of the Tripartite Economic Alliance in Auckland has attracted world-renowned speakers and panelists, as well as 600 business representatives, from the three cities. Read more »

Reserve Bank looks to new restrictions

Article – BusinessDesk

May 11 (BusinessDesk) – New lending restrictions to prevent people borrowing too much relative to their income are on the cards, the Reserve Bank of New Zealand’s two most senior officials say. Read more »

Cheque complaints on rise, says Banking Ombudsman

Press Release – Banking Ombudsman

Cheque complaints on rise, says Banking Ombudsman A sharp decline in the use of cheques has not reduced the number of cheque-related complaints, says Banking Ombudsman Nicola Sladden. New Zealanders use of cheques has more than halved in the past … Read more »

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