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NZ Economy Dependent On US Sorting Out Finance Crisis: Cullen

New Zealand's economic fortune largely depends on the United States sorting its financial crisis, Finance Minister Michael Cullen said today.

NZ Economy Dependent On US Sorting Out Finance Crisis: Cullen

Wellington, Sept 26 NZPA - New Zealand's economic fortune largely depends on the United States sorting its financial crisis, Finance Minister Michael Cullen said today.

Farmers Pocket $900,000 Average Payout Despite Company's Woes

Wellington, Sept 24 NZPA - Fonterra has carved nearly 6 percent off its forecast for this season's payout to dairy farmers, trimming it from $7/kg of milksolids to $6.60/kg, blaming a downturn in international prices and demand.

NZ Dollar Rally Interupted By Data And US Dollar Recovery

Wellington, Sept 19 NZPA - The New Zealand dollar's test of higher levels was today interrupted by a resurgent US dollar and a reminder of how indebted New Zealand is in current account data.

Reserve Bank Drops Interest Rates 50 Basis Points To 7.50 Pct

Wellington, Sept 11 NZPA - Reserve Bank Governor Alan Bollard today cut official interest rates by half of a percentage point to 7.50 percent as widely expected.

Tourism Industry Fears Market Share Loss, Wants More Promotion

Wellington, Sept 10 NZPA - Fearing a loss of international market share, the tourism industry is calling for increased public spending on marketing.

Strong Day On NZ Share Market

Wellington, Aug 29 NZPA - The New Zealand share market closed higher today, led by rises in leading stocks after US stocks rose sharply. The benchmark NZSX-50 index closed up 28.447 points at 3353.243. There were 63 rises and 36 falls. Turnover was worth $87.95 million.

Firm Start To Day's Trading On NZ Sharemarket

Wellington, Aug 29 NZPA - The New Zealand sharemarket started the day firmly, with Fletcher Building gaining 10c early as it continues to climb away from last month's lows.

Increased Inflation Expectations In RBNZ Survey

Wellington, Aug 26 NZPA - Business managers have increased expectations about inflation levels in the next few years, according to a Reserve Bank survey.

Miners Stage Election-year Lobbying At Big Minerals Conference

Wellington, July 25 NZPA - Miners are mounting a major lobbying campaign in the run-up to the general election and calling for a re-think on support for exploration.