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Insurers settle $2.7 billion Canterbury claims in 2016

The Insurance Council of New Zealand announced today that private insurers have paid out nearly $2.7 billion in 2016 to settle commercial and residential claims resulting from the 2010 and 2011 Canterbury earthquakes.

Ubco launches crowd funding campaign

Ubco is quietly changing the world with the Ubco 2x2, the world’s first production Dual Electric Drive Utility Bike and now they’re offering the public a chance to be part of that journey.

NZMEA survey shows Dec sales increase

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during January 2017, shows total sales in December 2016 increased 7.23% (year on year export sales increased by 10.01% with domestic sales increasing by 3.30%) on December 2015.

ATEED confirms September 2017 departure for CE

ATEED Chairman David McConnell has announced that, as planned, ATEED Chief Executive Brett O’Riley will leave his role on 1 September, 2017.

Quit the attacks and let's work together, DairyNZ tells Greenpeace

The New Zealand public is being blatantly misled by Greenpeace on dairying and its environmental footprint, says DairyNZ’s chief executive Dr Tim Mackle.

Young Kiwi entrepreneur launches free online fashion trading platform

The latest New Zealand buy and sell online trading platform, for all things fashion, is poised to become an international success literally just weeks after its soft launch.

Routine patrol results in massive haul of undersized paua

A routine weekend patrol for two Wellington fisheries officers and an honorary fisheries officer resulted in the discovery of an illegal haul of almost 300 undersized paua.

Southern Response appeals class action judgement

Southern Response today announced it has filed an appeal against Justice Gendall's recent High Court decision allowing the class action to proceed.

CentrePort resumes normal container service

Regular container shipping is returning to Wellington, with weekly visits by a geared ship linking central region businesses with international markets. From Sunday 12th February an ANL ship will visit the Port weekly to drop off and pick up containers with its own cranes.

Trade is the life blood of the NZ sheep and beef sector

While disappointed by the US decision to withdraw from the Trans Pacific Partnership Agreement (TPP), the New Zealand sheep and beef sector remains strongly supportive of the Agreement and its aims, its representative organisations, the New Zealand Meat Industry Association (MIA) and Beef + Lamb

Wool slide continues

New Zealand Wool Services International Ltd’s Marketing Executive, Mr Malcolm Ching reports that restricted demand and the stronger New Zealand dollar, coupled with seasonal higher wool flows over coming weeks pushed local prices down significantly.

CPI inflation rate back over 1 percent

The consumers price index (CPI) inflation rate was 1.3 percent in the year to the December 2016 quarter, Statistics New Zealand said today.

TUANZ welcomes the future extension of fibre availability

TUANZ welcomes today’s long awaited announcement around the extension of the Ultra-Fast Broadband programme beyond the current 75% of population coverage.

Save the TPPA - exporters

New Zealand exporters want to see every effort made to save the TPPA, says ExportNZ. The New Zealand Trade Minister today said he would investigate with the 10 other TPPA partners the options for continuing to bring the deal to fruition.

Minimum wage needs to be two-thirds of the average wage - CTU

Working people welcome today’s Government announcement to increase the minimum wage. However, the minimum wage needs to be significantly increased - not just by 50 cents to $15.75 hour from 1 April.

ASX: Politicians fuel market corrections

By Ric Spooner (Chief Market Analyst, CMC Markets) Donald Trump’s currency comments and Theresa May’s Brexit speech came at the right time to fuel momentum in the US Dollar correction. This may carry into Australian stocks today, especially in the resources sector.

Warehouse Money Purple Visa card wins award

The Warehouse Money Purple Visa Card has been recognised for providing outstanding value to customers in the Canstar Credit Card Awards.

Fonterra poised for significant growth in Korean market

As New Zealand marks the one-year anniversary of its Free Trade Agreement (FTA) with South Korea, Fonterra Co-operative Group is gearing up to take advantage of huge potential for its dairy products there, particularly cheese.

Record month for card spending

Retail spending using electronic cards reached the highest-ever monthly figure in December 2016, Statistics New Zealand said today.

Upcoming power outage in Te Kaha and surrounding areas

As owner and operator of the National Grid, Transpower needs to complete important line and substation maintenance work to ensure a reliable supply of electricity to Te Kaha, Waihau Bay, Omaio, Torere and the surrounding areas.

Job advertisements: Going one better

- ANZ job ads rose 1.6% in December (seasonally adjusted) to be 18.8% higher than a year ago (3-month average). This is the strongest annual growth since late 2011.

Calls for dairy industry 'to come clean about its plans for expansion'

Despite widespread public concern over New Zealand's polluted rivers and lakes, the dairy industry plans to push the national dairy herd to record numbers.

Further upside for dairy price rally

Reduced milk supply out of key dairy export regions - including New Zealand - will fuel further dairy price increases in the early part of 2017, according to Rabobank’s latest global dairy outlook.

Restrictions working so no more needed, says real estate boss

October’s much tougher loan-to-value ratios (LVRs) hitting the likes of property investors are having the desired impact this summer, making it increasingly unnecessary for the Reserve Bank to introduce the likes of loan-to-income restrictions as some speculated last year, says Geoff Barnett, N

2016 'a stunning year for new vehicle sales'

David Crawford, Chief Executive Officer of the Motor Industry Association says "While many are writing off 2016 as a year to forget, for the new vehicle sector it was annus mirabilis, a wonderful year.

1-in-10 small business owners take no holidays

Many people will be heading back to work this week, but spare a thought for the thousands of small business owners who skipped taking a break this year according to accounting software provider MYOB.

Fourteen million tests and counting

In the time it takes you to read this, Fonterra will have carried out another 60 tests on its milk and products.

Marketview: NZ's summer hot spots

As Boxing Day sales wind up and Kiwis head away for their summer holidays, consumer spending specialists, Marketview, have looked at the top tourist spots and found a couple of surprises in its analysis.

Shopping or swimming - Boxing Day retail figures for NZ

Spending through Paymark totalled $152.7 million on Boxing Day this year. While a new high for the day, this marks only a modest 1.9% increase in underlying spending on Boxing Day last year.

NZ economy shaken but not stirred

The New Zealand economy continues to prosper with nearly all key indicators pointing to respectable annual growth of around 3.5 percent, according to the BusinessNZ Planning Forecast.

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