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Lowest October trade deficit since the mid-1990s

The trade balance for October 2013 was a deficit of $168 million, Statistics New Zealand said today. This is the lowest deficit for an October month since the mid-1990s. October months historically have trade deficits.

Fonterra finalises purchase of Tamar Valley Dairy assets

Fonterra Australia today finalised the purchase of the assets of Tasmanian yoghurt business, Tamar Valley Dairy. The Tamar Valley Dairy business is now under full Fonterra ownership and management.

Wynyard Group secures UAE deal

Wynyard Group (NZX:WYN), a leading provider of threat assessment and advanced crime analytics software announced a new client partnership with Galadari Brothers - a leading UAE business conglomerate with growing business interests in the Gulf Cooperation Council, Asia and Australia.

Green Acres wins franchise system award

Green Acres has once again taken out the Home Services Franchise System award at the 2013 Westpac New Zealand Franchise Awards. It is the 4th time that Green Acres has carried off the award in 19 years. And sister company, Hire a Hubby, was a finalist in the same category.

Mitre 10 sales up 10%; approach $1 billion

Mitre 10’s drive to break through the $1 billion sales barrier continues with the country’s largest home improvement and garden retailer reporting a 10 percent increase on the previous year’s total network sales to $944.7 million for the 2013 financial year.

Holiday arrivals drive continued growth

The latest arrival figures for the month of October show that an increase in the number of holiday makers continues to drive the overall growth in arrivals to New Zealand.

Govt procurement agreement 'would hit small NZ firms'

The Government is about to sign a Government Procurement Agreement in the World Trade Organisation (WTO) that could stop future central and local governments giving an advantage to local suppliers to help economic development.

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.

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