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Understanding the New Zealand exchange rate

Addressing underlying imbalances in the New Zealand economy is the key to addressing New Zealand’s overvalued exchange, Reserve Bank Assistant Governor and Head of Economics Dr John McDermott said today.

Yealands Estate an industry leader in energy use

With excellent energy management and efficient technologies, Yealands Estate Wines is setting the standard for other wineries, says Mike Underhill, Chief Executive of the Energy Efficiency and Conservation Authority.

Industry calls for 'mature conversation' about deep sea drilling

The petroleum industry says it hopes Labour Leader David Cunliffe’s announcement today on deep sea petroleum exploration will contribute to a mature conversation about New Zealand’s energy future.

New board members for ProCare

ProCare shareholders last night elected Drs Neil Hefford and Jan White and re-elected chair Dr Peter Didsbury to the company’s Board of Directors. The AGM attracted a record shareholder turnout.

Covered bond law 'puts New Zealand on even footing'

The third reading of the Reserve Bank of New Zealand (Covered Bonds) Amendment Bill today has been welcomed by the New Zealand Bankers’ Association.

NZ reaches one million Visa payWave transactions in Oct

For the first time New Zealanders made more than one million Visa payWave transactions last month, marking a significant milestone since contactless cards were launched in 2011.

Living Wage a feel good, wrong idea - EMA

A commitment by Auckland Council to pay a Living Wage for low paid staff as a result of debate on the topic this week would open up a Pandora’s Box, the Employers and Manufacturers Association says.

Plain english 'a bottom line issue for businesses'

Simple language is a bottom line issue for businesses and more New Zealand organisations are recognising the fact.

NZ among the strongest economies - OECD

New Zealand will be among the strongest developed economies in the world over the next few years, according to the Organisation for Economic Cooperation and Development’s latest annual Economic Outlook published overnight.

ASB offers zero percent credit card

ASB is offering a zero percent interest rate on all purchases for five months with new personal Visa credit cards that are opened between now and the end of the year.

Crown completes Air NZ sell down

Air New Zealand notes the Crown has announced that it has completed the sell down of part of its shareholding in Air New Zealand.

Farmers sign landmark agreement with foresters

Federated Farmers, together with the New Zealand Forest Owners Association the New Zealand Farm Forestry Association have today signed a landmark Memorandum of Understanding (MoU) to build the relationship between foresters and farmers.

Emirates announces largest ever civil aircraft order

Emirates Airline has again rewritten all records in civil aviation with an order for 150 Boeing 777X aircraft, comprising 35 Boeing 777-8Xs and 115 Boeing 777-9Xs, plus 50 purchase rights; and an additional 50 Airbus A380 aircraft.

Fonterra welcomes NZ-Sri Lanka dairy cooperation arrangement

Fonterra today welcomed a new Dairy Cooperation Arrangement between the New Zealand Government and Sri Lankan Government signed by Sri Lankan Minister for External Affairs Gamini Lakshman Peiris and New Zealand Minister for Foreign Affairs Murray McCully on the sidelines of the Commonwealth Heads

Airport announces new GM for marketing

Auckland Airport has announced the appointment of Jason Delamore to the company’s Leadership Team. Adrian Littlewood, Auckland Airport’s chief executive, says he is delighted to appoint Jason following an extensive domestic and international recruitment process.

Invenco appoints GM of software product development

New Zealand’s INVENCO has just appointed Dr Graham Allen to head up their Software Product Development and Delivery team.

Health insurers pay out record amount of claims

Health insurers have paid out half a billion dollars in claims in the past six months, mostly on elective surgery, following back-to-back record claims quarters, according to statistics released today by the Health Funds Association (HFANZ).

David Ross sentenced for NZ's largest ever Ponzi

David Robert Gilmour Ross (63) has been sentenced in the Wellington District Court to 10 years and 10 months of imprisonment following a joint agency investigation by the Serious Fraud Office (SFO) and the Financial Markets Authority (FMA).

Auckland taxi drivers 'deserve better conditions at airport'

MP for Tamaki Makaurau, Dr. Pita Sharples has spoken out in support of the strike action and stance taken by drivers of small taxi firms against the conditions that Auckland Airport has placed on them.

Money mule scam warning

People should be wary of transferring money on behalf of people they don’t know. The warning was issued today by the New Zealand Bankers’ Association in response to a new banking scam.

Mixed results for retail in September quarter

Retail spending in the September 2013 quarter was relatively flat after a large increase in the June 2013 quarter, Statistics New Zealand said today.

Guest nights remain at high level - Statistics NZ

The trend for national guest nights spent in short-term commercial accommodation remains at a record high level, Statistics New Zealand said today.

Business Central members recognised at HB Business Awards

Business Central congratulates member companies which received awards in Hawke’s Bay Business Awards last night.

ANZIIF wins at Asia Insurance Industry Awards

The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) was named Education Service Provider of the Year at the 17th Asia Insurance Industry Awards in Singapore on Wednesday 6 November for providing outstanding and continuous training services to the insurance industry in the A

Thermo Fisher seeks clearance to acquire Life Technologies

The Commerce Commission has received an application from Thermo Fisher Scientific Inc. (Thermo Fisher) seeking clearance to acquire Life Technologies Corporation (Life Technologies).

Economy operating at two-speeds - NZMEA

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during October 2013, shows total sales in September 2013 decreased 7.88% (export sales decreased by 17.91% with domestic sales increasing 5.63%) on September 2012.

Kiwi manufacturing success story takes on Australia

At a time when many manufacturers are struggling to survive, there is one Kiwi manufacturer that has grown over 1,000 per cent in the last three years - and has just launched across the Tasman.

Snakk named 6th fastest growing company in NZ

Snakk Media has been named the 6th fastest-growing business in New Zealand on the Deloitte Fast 50 index. The NZAX-listed company’s ranking was based on its audited year-on-year growth from the past three years, calculated at 486.3% from 1 April 2011 to 31 March 2013.

MediaWorks sale to settle

Brendon Gibson and Michael Stiassny of financial advisory firm KordaMentha have announced that the sale of the business and assets of MediaWorks NZ Limited (in receivership) and its subsidiaries to MediaWorks Holdings Limited (MWHL) and its subsidiaries will be completed on Friday 8 November 2013

NZ farmer confidence hits five year high

Confidence among New Zealand farmers is at its highest level in five years, buoyed by strong dairy prices and an improving outlook in the red meat sector.

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