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Monetary policy to remain stimulatory - Reserve Bank

The Reserve Bank today said it will ensure that monetary policy is stimulatory to support output growth above potential, to help lift inflation back to target.

Cricket and holiday periods boost visitor arrivals

Visitor arrivals to New Zealand numbered 291,800 in March 2015, a record high for a March month, Statistics New Zealand said today. The latest figure was 15 percent higher than in March 2014, and 8 percent higher than in March 2013.

Fuji Xerox appoints new Managing Director for NZ

Fuji Xerox New Zealand is pleased to announce the appointment of Gavin Pollard to the role of Managing Director for New Zealand. The announcement follows the promotion of outgoing managing director Neil Whittaker to the role of MD for Fuji Xerox Australia.

RBNZ appoints external monetary policy advisers

The Reserve Bank has appointed Tony Caughey and Conor English as part-time external monetary policy advisers. They replace Luke Moriarty and Richard Townsend, who have served in this capacity for three years.

Commission releases draft decision on Transpower application

The Commerce Commission has today released a draft decision on Transpower’s application seeking to recover its overspend on the North Island Grid Upgrade Project (NIGU).

What should we tell children about money?

Being a parent can be one of the most rewarding jobs you can have. But it does present us with daily challenges, including decisions about what things to expose our children to.

Mai Chen appointed to BNZ board

BNZ today announced that Mai Chen has been appointed to the BNZ board of directors. Chairman John Waller said he was delighted to make the announcement, which he describes as aligning with BNZ’s mission of supporting a higher-achieving New Zealand.

ASB launches 'Card Control'

In a New Zealand first, customers can manually restrict how and where a card can be used, including limiting overseas and online purchases and ATM withdrawals.

Chinese rail engineers 'have a right to NZ conditions'

Chinese rail engineers currently working in New Zealand are being short-changed their rightful wage entitlements under New Zealand labour law, the Council of Trade Unions said today.

Face-to-face interactions 'being replaced with electronic ones'

Three-quarters of New Zealanders (75%) believe face-to-face interactions are being replaced with electronic ones, according to a new report released by Nielsen.

Generally steady wool market

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that despite a stronger New Zealand dollar this week and a varied price range in some sectors, the market was generally strong overall.

Buying seasonally is financially savvy - Statistics NZ

It makes financial as well as environmental sense to buy seasonal produce, according to new analysis from Statistics New Zealand.

NZBN extends to all businesses

Economic Development Minister Steven Joyce and Commerce and Consumer Affairs Minister Paul Goldsmith have welcomed the introduction of legislation that will extend the New Zealand Business Number (NZBN) to all business entities.

'Few opportunities' to lift dairy prices short term

Federated Farmers is disappointed at the third fall in a row of the GlobalDairyTrade auction price overnight. Dairy Chair Andrew Hoggard says the impression created by the 3.6 percent fall is there is less likely to be a lift in this season’s payout.

FMA completes MoU with dispute resolution schemes

The Financial Markets Authority (FMA) has recently signed Memorandums of Understanding (MOUs) with the Insurance Savings Ombudsman (ISO) and the Banking Ombudsman Scheme (BOS).

There ain't no Chorus for a need for speed - InternetNZ

Calls for speed from Chorus' shareholders on the Copper Final Pricing Principle process need to be ignored, as they are self-serving, says InternetNZ.

Silverlake offer for Finzsoft closed

The offer to shareholders of New Zealand banking and finance software company Finzsoft Solutions Limited ("Finzsoft") closed on 30 March, with the new majority shareholder Silverlake HGH Limited ("Silverlake HGH") accumulating a 87.89% per cent stake in Finzsoft.

Action needed to reduce housing imbalances - Reserve Bank

The Reserve Bank today urged greater attention be given to reducing housing market imbalances that are presenting an increasing risk to financial and economic stability.

Food prices rise 0.1 percent in March

In March 2015, food prices rose 0.1 percent, Statistics New Zealand said today. This follows a 0.7 percent fall in February and a 1.3 percent rise in January.

D-Day for Global Mode legal action

Today is the day CallPlus and the other ISPs who use Global Mode must decide whether they will stand up to the bullying tactics of Sky, TVNZ, Lightbox (part of Spark NZ) and Mediaworks. The big four are attacking ISPs’ use and marketing of Global Mode DNS services and similar services.

Opus wins further rail work in the UK

Infrastructure consultancy, Opus International Consultants (Opus), has recently been awarded £3.5m in long-term rail contracts in the UK.

New disclosure documents take shape

Information for investors will now be provided in a format that is easier-to-understand and more accessible than before. The way that financial products are made available to the public has been overhauled under the Financial Markets Conduct Act 2013 (FMC Act).

Growth moderates to a more sustainable level - NZIER QSBO

The latest NZIER Quarterly Survey of Business Opinion shows the New Zealand economy heading into 2015 in good shape. While the softening in activity indicators suggests a moderation in growth in the March 2015 quarter, annual growth is still expected to be respectable at just over 3%.

Open day to celebrate new Eastern BoP airline services

The Eastern Bay of Plenty’s new Whakatāne-Auckland air services operated by Air Chatham's will be celebrated with an open day at Whakatāne Airport on Sunday, 26 April.

'No box ticking approach' to becoming CIO

Successful CIOs are no longer senior executives who have spent their career in IT. They increasingly have spent time working in the broader business world in order to act as an effective interface between IT and the business and, critically, deliver business outcomes.

Civil Contractors New Zealand appoints new CEO

Civil Contractors New Zealand (CCNZ) has named Peter Silcock as its new chief executive. Mr Silcock will step into the position from his current long-term role as chief executive of Horticulture New Zealand.

First quarter vehicle sales 'up 14% on last year'

The first quarter for 2015 vehicle sales has opened strongly, increasing 14 percent compared to the first three months of last year.

Wellington screen capital gets set to grow

Official figures released today show Wellington remains the country’s film capital, with businesses in the region earning $645 million from feature film revenue in the last financial year.

NZ Rugby in the black for third successive year

New Zealand Rugby is in the black for the third year in a row after announcing a profit of $373,000 for the 2014 financial year. New Zealand Rugby (NZR) Chief Executive Steve Tew said the result was pleasing.

Wellington's the film capital, but it's Auckland for TV

Total revenue for the screen industry in 2014 was $3.2 billion, Statistics New Zealand said today. This is relatively unchanged from 2013. However, the contributions from different activities within the industry have changed slightly over the past year.

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