Rebounding dairy production drove a 1.4 percent increase in gross domestic product (GDP) for the September 2013 quarter, Statistics New Zealand said today. This increase in GDP is the largest since the December 2009 quarter.
New Zealand's seasonally adjusted current account deficit was $2.6 billion in the September 2013 quarter, Statistics New Zealand said today. This is a $0.3 billion larger deficit than in the June 2013 quarter, and the largest current account deficit since the December 2008 quarter.
Federated Farmers believes the nation’s perception of the environment is at a turning point, looking at the Lincoln lecturer’s Public Perception’s report for 2013.
Insurance Australia Group Limited (IAG) today announced it had agreed to purchase the insurance underwriting businesses of Wesfarmers Limited. In New Zealand, the acquisition includes the business trading under the Lumley Insurance brand.
New Zealand’s commercial fruit and vegetable growers can now contribute as equal partners and decision-makers on biosecurity decisions which have a huge impact on their businesses.
Food prices fell 0.2 percent in November 2013 but were up 1.4 percent on a year earlier, Statistics New Zealand said today. "Food prices fell in November, with cheaper prices for meat partly countered by higher prices for grocery food and soft drinks," prices manager Chris Pike said.
The High Court judgment released last night clarifies some technical aspects of the methodology set by the Commerce Commission to review airport performance and returns.
Trade Me has entered into an agreement to buy Auckland-based business MotorWeb (motorweb.co.nz) for NZ$19.5m. The deal is conditional but expected to be completed later this month. The transaction is cash funded.
Cooks Global Foods (NZX:CGF) announces the appointment of Norah Barlow as an independent director effective January 1, 2014.
Chorus has today said the regulatory health check that the Minister of Finance has proposed is essential to protect and balance the interests of consumers while also incentivising investment in New Zealand’s progress.
Auckland Council should follow Wellington’s lead on removing barriers to development to help the city grow.
Revenue Minister Todd McClay today released the sixth KiwiSaver evaluation annual report which showed continued steady growth for the retirement scheme in the 2012-13 year.
The post-event report by Audi quattro Winter Games NZ 2013 released today shows the event provided a major financial boost for both the Southern Lakes region and New Zealand as a whole.
Figures released today by leading payments provider Paymark show spending through the Paymark network over the first seven days of December increased 8.6 per cent on the same time last year, as Kiwi’s gear up for the Christmas rush.
When it comes to talking at length on mobile phones, New Zealanders are trailing behind most nations.
Telecom is pleased to announce that it has entered into a binding agreement to sell AAPT for A$450 million to TPG Telecom Limited.
Claims by the Auckland Taxi Association that 50 drivers who have been campaigning for better conditions at Auckland Airport have been sacked are false.
Despite a severe drought that resulted in a shorter milking season for many of New Zealand’s dairy farmers, milk production only decreased by 1.6% during the 2012/2013 season.
Crown research institutes’ operating surplus was $24.1 million in the year ended 30 June 2013, StatisticsNew Zealand said today. Their operating surplus was $6.1 million smaller than in the year ended June 2012, when income exceeded spending by $30.2 million.
At a meeting late today, workers at Unilever’s washing powder factory in Petone were told that their jobs will likely be gone and the factory will close by 2015, says the Engineering, Printing and Manufacturing Union.
Patsy Reddy, NZFC Chair, is delighted to announce the appointment of Dave Gibson as the next Chief Executive of the New Zealand Film Commission. He replaces Graeme Mason who recently left the Commission to become CEO of Screen Australia.
Air New Zealand customers travelling on the airline’s services, both domestic and international, can now check in using their smartphones, tablets and online.
The Dairy Companies Association of New Zealand (DCANZ) commends the New Zealand and Taiwanese Governments on the implementation of the Economic Cooperation Agreement between New Zealand and Taiwan.
Newmarket Business Association Chief Executive, Ashley Church, is hoping that this year’s Christmas trade will kick off the long-awaited retail boom.
While some real estate outlets across New Zealand have decided to boycott TradeMe, Mike Pero Real Estate will continue to use the online site, chief executive Mike Pero says.
Following a record rebate and dividend of $65 per tonne, Ballance Agri-Nutrients has been given a strong vote of confidence by farmers with a significant increase in shareholder applications compared with the same time last year.
Capacity Infrastructure Services’ new chief executive has been named. He is Colin Crampton, 51, of Wellington.
Household income was $122.4 billion (up 1.8 percent) while household spending was $123.3 billion (up 2.9 percent) in the March 2013 year, Statistics New Zealand said today.
Increased spending on food, transport, and housing and household utilities means Kiwi households are spending more now than three years ago, Statistics New Zealand said today.
While 90 per cent of Kiwis will hit the shops to purchase gifts this Christmas, the additional outlay will leave more than half the population (51 per cent) feeling some financial stress over the holiday period.
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