Bill English, Deputy Prime Minister & Finance Minister of New Zealand, says the $4.7 billion from sales of state assets will be used to rebuild Christchurch and reinvest in public infrastructure.» Read More
TOKYO/ SINGAPORE, Feb 21- America's ambitious trade agenda is running into fierce resistance in Asia, but negotiators say a draft Pacific free-trade deal that papers over some differences may be ready by the time U.S.
WELLINGTON, Feb 19- A New Zealand court on Wednesday ruled that the search warrant used in the arrest of Megaupload founder Kim Dotcom on U.S. online piracy charges was legal, dealing a blow to the internet entrepreneur who is fighting extradition to the United States.
WELLINGTON, Feb 19- A New Zealand court on Wednesday ruled that the search warrant used in the arrest of Megaupload founder Kim Dotcom on U.S. online piracy charges was legal, dealing a blow to the internet entrepreneur's fight against extradition to the United States.
Paul Bloxham, Chief Economist, Australia & New Zealand at HSBC, expects the Reserve Bank of New Zealand (RBNZ) to start withdrawing liquidity soon.
Theo Spierings, CEO of Fonterra, says the global dairy trade remains strong even as the firm comes off its peak season and explains the firm's relationship with Danone.
*New Zealand's sheepmeat trade to China up fivefold to $550 mln. WELLINGTON/ SYDNEY, Feb 7- At a sprawling plant run by New Zealand's biggest meat processor, rows of lamb carcasses hang from meathooks on their way to a cutting room to be chopped, trimmed and shipped out in increasing quantities to China.
Kathy Lien, Managing Director of FX Strategy at BK Asset Management, says investors should take advantage of the recent selloff in the New Zealand dollar.
Bill English, Deputy Prime Minister & Finance Minister of New Zealand, says housing, inflation and outward investment are three issues that his government will have to combat this year.
Bill English, Deputy Prime Minister & Finance Minister of New Zealand, lays out the country's plans to fight off global risks and sustain economic growth in 2014.
WELLINGTON, Jan 30- New Zealand's central bank on Thursday gave its clearest indication yet that it will raise interest rates in March, a sign of confidence that the economy will continue its strong recovery despite renewed turmoil gripping emerging markets.
LONDON/ SYDNEY, Jan 27- Hedge funds and currency strategists are growing increasingly cautious over the New Zealand dollar's strength against the Australian dollar, believing its long bull run could finally be nearing an end. But some think the New Zealand dollar's gains may have run their course, with the factors behind its strength largely priced in.
WELLINGTON, Jan 28- New Zealand's central bank is on the verge of becoming the first developed country to raise interest rates in the current cycle, with market pricing suggesting a hike at this week's meeting is a close call.
New Zealand's deputy prime minister told CNBC that global governments' will pressure on multinationals to pay the correct tax levels.
Bill English, New Zealand's deputy prime minister and finance minister, says the country is doing well because of tax and public sector reforms.
WELLINGTON, Jan 21- New Zealand could start raising interest rates as soon as next week after an unexpected rise in consumer prices in the fourth quarter underlined bubbling inflation pressures in a rapidly growing economy.
Documents released by the whistle-blowing group WikiLeaks show countries negotiating the Trans-Pacific Partnership did not plan to sanction trading partners who break environmental promises- an issue that has caused a rift between the United States and others in the bloc and is an obstacle to finalizing the deal.
WELLINGTON/ SYDNEY, Jan 13- New Zealand's Fonterra said on Monday it was recalling products distributed in the country that had been contaminated with the E.Coli bacteria in the second food-safety scare faced by the company in less than six months.
New Zealand will be the “rock star” economy of 2014, with growth set to outpace most of its developed markets peers, according to HSBC.
WELLINGTON, Dec 19- New Zealand's economy grew at its fastest clip in nearly four years in the third quarter as its vital agricultural sector bounced back from drought, putting it on track to become the first developed country to raise rates as early as March. The result blew past economists' and the Reserve Bank of New Zealand's forecasts for growth of 1.1 percent.
WELLINGTON, Dec 19- New Zealand's economy grew at its fastest clip in nearly four years in the September quarter as the country's vital agricultural sector recovered from drought, bolstering views the central bank will raise interest rates as early as March next year.