Rural News
Westpac's economists see a mixed bag for the rural sector as dairy prices improve but caution remains, construction boom helps forestry & meat sector faces challenges
24th Nov 16, 9:41am
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Westpac's economists see a mixed bag for the rural sector as dairy prices improve but caution remains, construction boom helps forestry & meat sector faces challenges
PM meets with Facebook founder Mark Zuckerberg; says told him to fix public perception that Facebook not paying enough tax; Key says feeling that got Trump got elected because voters believe 'world isn't fair'
21st Nov 16, 11:14am
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PM meets with Facebook founder Mark Zuckerberg; says told him to fix public perception that Facebook not paying enough tax; Key says feeling that got Trump got elected because voters believe 'world isn't fair'
USB stick inventor tells Kiwi mums to encourage their kids to be entrepreneurs and build start-ups, rather than becoming lawyers and accountants; suggests following Israel's example on tech investing subsidies
18th Nov 16, 5:06pm
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USB stick inventor tells Kiwi mums to encourage their kids to be entrepreneurs and build start-ups, rather than becoming lawyers and accountants; suggests following Israel's example on tech investing subsidies
Data on non-resident purchases shows 3% of property buyers non-residents for tax purposes, but no way of knowing how many of the other 97% are foreign students or temporary workers; new survey detail due in May
17th Nov 16, 6:33pm
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Data on non-resident purchases shows 3% of property buyers non-residents for tax purposes, but no way of knowing how many of the other 97% are foreign students or temporary workers; new survey detail due in May
Steven Joyce and Anne Tolley announce NZ$7.5 mln package of support for Kaikoura businesses with less than 20 workers; NZ$500/week per worker for eight weeks, but may be extended; to cost NZ$7.5 mln
17th Nov 16, 1:49pm
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Steven Joyce and Anne Tolley announce NZ$7.5 mln package of support for Kaikoura businesses with less than 20 workers; NZ$500/week per worker for eight weeks, but may be extended; to cost NZ$7.5 mln
Insurers put embargo on transferring home insurance from vendors to buyers from Rakaia to Masterton; Wellington deals frozen as mortgages impossible without insurance, say agents; Boom stopped dead in its tracks
17th Nov 16, 10:23am
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Insurers put embargo on transferring home insurance from vendors to buyers from Rakaia to Masterton; Wellington deals frozen as mortgages impossible without insurance, say agents; Boom stopped dead in its tracks
Finance Minister says Government has strong enough balance sheet to borrow billions of dollars needed to rebuild infrastructure around Kaikoura; says "funding is not an issue", although some other projects could be delayed
15th Nov 16, 4:05pm
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Finance Minister says Government has strong enough balance sheet to borrow billions of dollars needed to rebuild infrastructure around Kaikoura; says "funding is not an issue", although some other projects could be delayed
Key says main road and rail route from Picton to Christchurch may need realignment or re-routing in long term at huge cost; English highlights damage to main transport links and says Govt finances can handle repair costs
15th Nov 16, 1:06pm
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Key says main road and rail route from Picton to Christchurch may need realignment or re-routing in long term at huge cost; English highlights damage to main transport links and says Govt finances can handle repair costs
7.5 earthquake near Hanmer at 12.02 am damages Kaikoura; felt strongly in Wellington; reports of damage in Wellington buildings; Tsunami warning downgraded
14th Nov 16, 6:31am
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7.5 earthquake near Hanmer at 12.02 am damages Kaikoura; felt strongly in Wellington; reports of damage in Wellington buildings; Tsunami warning downgraded
RBNZ Governor says economy already growing strongly enough to create necessary inflation; no need for extra help from Government with fiscal stimulus; Wheeler says open to NZ$ intervention
10th Nov 16, 7:43pm
RBNZ Governor says economy already growing strongly enough to create necessary inflation; no need for extra help from Government with fiscal stimulus; Wheeler says open to NZ$ intervention
RBNZ cuts OCR by 25 bps to record low 1.75%; forecasts OCR to be flat from here; but says may have to adjust policy again given international uncertainties
10th Nov 16, 9:13am
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RBNZ cuts OCR by 25 bps to record low 1.75%; forecasts OCR to be flat from here; but says may have to adjust policy again given international uncertainties
Stats NZ says inflation was in fact 0.3%, not 0.2% in September quarter, with annual rate 0.4% rather than 0.2%
7th Nov 16, 12:07pm
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Stats NZ says inflation was in fact 0.3%, not 0.2% in September quarter, with annual rate 0.4% rather than 0.2%
Westpac annual cash profit falls as expenses rise faster than income, net interest margin falls 12 basis points
7th Nov 16, 10:05am
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Westpac annual cash profit falls as expenses rise faster than income, net interest margin falls 12 basis points
The Morgan Foundation accuses the Government of choosing a process that will violate both the Kyoto Protocol and the Paris Agreement for how we meet our climate change commitments
5th Nov 16, 9:10am
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The Morgan Foundation accuses the Government of choosing a process that will violate both the Kyoto Protocol and the Paris Agreement for how we meet our climate change commitments
Finance Minister cautious about Reserve Bank hopes for Debt to Income multiple limits; say looking closely at unintended consequences; Key says Auckland housing market stabilising; points Mt Roskill voters to low interest rates
2nd Nov 16, 7:12pm
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Finance Minister cautious about Reserve Bank hopes for Debt to Income multiple limits; say looking closely at unintended consequences; Key says Auckland housing market stabilising; points Mt Roskill voters to low interest rates
Justifying delay of new bill, Justice Minister warns extending Anti-Money Laundering regime to real estate agents, accountants and lawyers could cost home owners NZ$1.6 bln over 10 yrs; Labour accuses Govt of going soft on policing dirty money from China
2nd Nov 16, 5:17pm
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Justifying delay of new bill, Justice Minister warns extending Anti-Money Laundering regime to real estate agents, accountants and lawyers could cost home owners NZ$1.6 bln over 10 yrs; Labour accuses Govt of going soft on policing dirty money from China
Jobs grew 35,000 or 1.4% in Sept quarter, but unemployment fell just 3,000 and jobless rate falls to 4.9% from 5.0% after participation rate jumps 0.4% to record-high 70.1%; wage growth still subdued
2nd Nov 16, 10:55am
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Jobs grew 35,000 or 1.4% in Sept quarter, but unemployment fell just 3,000 and jobless rate falls to 4.9% from 5.0% after participation rate jumps 0.4% to record-high 70.1%; wage growth still subdued
Justice Minister denies that lobbying from real estate agents has delayed round 2 of anti-money-laundering reforms; says still on track for passing of legislation by mid-2017; but backs off earlier aim to introduce legislation in 2016
1st Nov 16, 12:46pm
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Justice Minister denies that lobbying from real estate agents has delayed round 2 of anti-money-laundering reforms; says still on track for passing of legislation by mid-2017; but backs off earlier aim to introduce legislation in 2016
Finance Minister says Treasury looking at whether annual net migration may have lifted from long-run average of 12,000 to around 30,000; says will have implications for infrastructure, Govt spending outlooks
31st Oct 16, 11:14am
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Finance Minister says Treasury looking at whether annual net migration may have lifted from long-run average of 12,000 to around 30,000; says will have implications for infrastructure, Govt spending outlooks
BNZ annual profit drops $125m; Gross impaired assets top $1b; Capital bolstered; CEO sees increased pressure on lending margins influencing interest rates
27th Oct 16, 10:14am
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BNZ annual profit drops $125m; Gross impaired assets top $1b; Capital bolstered; CEO sees increased pressure on lending margins influencing interest rates
FHBs chase US houses, pay up; India in debit card scare; China home loans explode; UK gets desperate; Aussie projects bust budgets; UST 10yr yield 1.74%; oil up, gold unchanged; NZ$1 = 71.6 USc, TWI = 72.6
24th Oct 16, 7:41am
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FHBs chase US houses, pay up; India in debit card scare; China home loans explode; UK gets desperate; Aussie projects bust budgets; UST 10yr yield 1.74%; oil up, gold unchanged; NZ$1 = 71.6 USc, TWI = 72.6
Inflation drops to 0.2% in September qtr from 0.4% in June quarter, but slightly above economists' expectations; housing costs (excluding land) rose 2.0% in quarter and 6.3% for year; transport costs down 11% for year due to ACC, petrol
18th Oct 16, 10:59am
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Inflation drops to 0.2% in September qtr from 0.4% in June quarter, but slightly above economists' expectations; housing costs (excluding land) rose 2.0% in quarter and 6.3% for year; transport costs down 11% for year due to ACC, petrol
Greens propose tightening migration settings to achieve 1% population growth per year; Shaw wants to smooth out big swings in migration and reduce pressure on infrastructure, housing; Winston Peters accuses of Greens of hypocrisy
17th Oct 16, 10:28am
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Greens propose tightening migration settings to achieve 1% population growth per year; Shaw wants to smooth out big swings in migration and reduce pressure on infrastructure, housing; Winston Peters accuses of Greens of hypocrisy
Previous rough-as-guts interventions have undermined a now-serious need to expand forests to meet our emissions targets, says Geoff Simmons. The costs are now much higher
15th Oct 16, 11:44am
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Previous rough-as-guts interventions have undermined a now-serious need to expand forests to meet our emissions targets, says Geoff Simmons. The costs are now much higher
Government increases Budget surplus to NZ$1.8 bln in 2015/16 from NZ$414 mln in 2014/15; English says rising surpluses give Govt options for debt repayment and tax cuts
13th Oct 16, 1:36pm
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Government increases Budget surplus to NZ$1.8 bln in 2015/16 from NZ$414 mln in 2014/15; English says rising surpluses give Govt options for debt repayment and tax cuts