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Economic prospects good, risks more complex - RBNZ Governor

New Zealand’s economic prospects are good for continued steady growth, falling unemployment and low inflation. But risks and uncertainties around the global economy are becoming more complex, presenting considerable challenges for New Zealand enterprises, including the Reserve Bank.

'Strong family ties make a difference' for people on low incomes

Waitangi Day has become Aotearoa New Zealand’s national holiday and Families Commissioner Jo-anne Wilkinson is encouraging Kiwis to use it as special time to spend with family and whānau.

Spending shows strong start to the year

Spending through the Paymark network during January 2015 shows a strong start to the year with approximately $235 million more spent across the country than in January 2014.

CentrePort proposal 'vote of confidence in region'

CentrePort’s proposal to deepen the shipping channel so it can accept bigger ships is vital for the Wellington region, says Wellington Employers’ Chamber of Commerce President John Milford.

No more departure tax at Rotorua Airport

Passengers flying out of Rotorua Airport will no longer have to make a compulsory stop at the departure levy counter, with fees now passed on directly to commercial airline customers.

Total exports rise despite fall in dairy

The seasonally adjusted value of goods exported rose 0.9 percent to $12 billion in the December 2014 quarter, Statistics New Zealand said today. The rise in total exports was led by meat, up 15 percent ($210 million). Meat quantities rose 4.6 percent.

FMA and NZX sign Memorandum of Understanding

The Financial Markets Authority (FMA) and NZX have this week signed a Memorandum of Understanding (MoU).

'Good deals harder to find' in today's private equity market

Commenting on the fourth edition of the Grant Thornton Private Equity Report, an annual survey of 175 senior industry practitioners from around the globe, he said the findings of the report are being mirrored here in New Zealand.

FMA warns individual trader over online market manipulation

The Financial Markets Authority (FMA) has issued a warning to an individual online trader in relation to suspected market manipulation trading conduct.

Tainui Group Holdings to farewell CEO Mike Pohio

Tainui Group Holdings (TGH) Chief Executive Mike Pohio today announced his resignation to pursue governance opportunities, believing the time is right for a new CEO to lead the company’s exciting plans for the next decade.

Technology risks 'keep NZ energy executives awake at night'

The second annual New Zealand Energy Issues Map reveals a rich and informative story around the risks and opportunities are increasingly keeping New Zealand energy executives awake at night, especially around new technologies.

Arla Food Ingredients to sell Lactose online

GlobalDairyTrade (GDT), the world’s leading online dairy auction platform, announced today that Arla Foods Ingredients (AFI) will offer food grade lactose on the platform.

Manufacturing sector lifts in December

Expansion in the manufacturing sector lifted during the last month of 2014, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index (PMI).

Maori Television announces exec appointments

Māori Television has today announced the appointment of two new senior executives to the positions of Head of Content (Te Tumuaki Hanga Hōtaka) and Head of Corporate Affairs (Te Tumuaki Ratonga Rangapu).

Low inflation but high housing costs - CTU

"Rising housing costs are a big worry for households, despite the fall in the CPI in the three months to December", says Bill Rosenberg, CTU Economist.

MediaWorks and Radio Tarana form commercial partnership

MediaWorks Radio and Radio Tarana have formed a new partnership that will bring both parties fresh commercial opportunities.

Manuka Health recognised in International Business Awards

Manuka Health is delighted to be recognised as a finalist in the 2015 New Zealand International Business Awards (NZIBA) in the $10 - $50 million General Award Category.

CPI falls 0.2 percent in December quarter

The consumers price index (CPI) fell 0.2 percent in the December 2014 quarter, following three consecutive rises of 0.3 percent, Statistics New Zealand said today. The CPI often falls in December quarters.

Refining NZ releases profit forecast

Following the release of Refining NZ’s Throughput and Margin report for the November/ December period the Company is announcing that it expects to post a full year 2014 NPAT (net profit after tax) of between NZD 9.5 million and NZD 10.5 million, subject to external audit.

A Goldilocks finish to 2014 - NZIER QSBO

The New Zealand economy had a Goldilocks finish - not too hot, not too cold, according to the NZIER’s Quarterly Survey of Business Opinion. Optimism, activity, hiring and a slew of other indicators rebounded in the December 2014 quarter from moderation in the preceding six months.

Where have the sheep gone and what does it mean for NZ?

In the early 1980s there were around 70 million sheep in New Zealand and 3.1 million people - that’s 22 sheep for every Kiwi. A comparison with today provides a stark contrast - around 30 million sheep and 4.5 million people - or six sheep for every New Zealander.

Low impact of drought on Synlait's milk supply

Current dry weather in Canterbury is expected to have little impact on Synlait Milk’s milk supply because almost all Synlait suppliers have reliable irrigation water access.

Rare sighting this summer - smiling booksellers

Smiling booksellers have been a rare sight in New Zealand for a few years, but things are changing according to the trade association, Booksellers NZ.

Sanford welcomes efforts of NZ authorities to stop illegal fishing

As one of only two New Zealand companies permitted to source toothfish from the Ross Sea fishery, Sanford (NZX:SAN) welcomes the current efforts of the New Zealand Government, Navy and other New Zealand agencies to fight illegal fishing in the waters of Antarctica.

Food prices rise 0.3 percent in December

In December 2014, food prices rose 0.3 percent, Statistics New Zealand said today. This follows a 0.5 percent fall in November, and no overall change in October.

Workshops turn nitrogen reports into practical actions

Ballance Agri-Nutrients has joined forces with the Dairy Women’s Network, DairyNZ, Fonterra, Miraka, Synlait and Tatua to help farmers come to grips with their farm nitrogen reports and how to use them to support N-loss improvements.

Runs on board for deer initiative

Advance Parties, a Deer Industry NZ initiative designed to help farmers increase the profitability of their farm businesses, is getting runs on the board.

Retail card spending falls slightly in December

Retail spending using electronic cards decreased by a seasonally adjusted 0.1 percent in December 2014, Statistics New Zealand said today. This slight fall followed a 0.2 percent decrease in November 2014.

Appointments to Creative HQ Board announced

Creative HQ, Wellington’s startup base, has appointed two new directors to its Board - Victoria Crone of Xero and Suse Reynolds of Angel Association New Zealand.

HydroWeb joins Creative HQ's global growth programme

HydroWeb and StefanCreative HQ, Wellington’s startup base, welcomes its first startup of 2015 into its Global Growth Programme, HydroWeb.

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