Paul Bloxham, Chief Economist, Australia & New Zealand at HSBC, expects the Reserve Bank of New Zealand (RBNZ) to start withdrawing liquidity soon.» Read More
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.
WELLINGTON, Dec 18- New Zealand looks set to end the year with a roar as strong commodity prices, recovery from drought, and bubbling domestic activity drive the economy at its best pace in a year, backing expectations of central bank rate rises in the next few months.
Chris Green, Director, Economics and Strategy at First NZ Capital tells CNBC's Cash Flow the best ways to play the New Zealand market.
In today's 'Stock in 60' segment, CNBC's Adam Bakhtiar takes a look at Air New Zealand after the government sold a 20 percent stake in the carrier.
WELLINGTON, Nov 8- Tourists from China have been flooding into New Zealand and now a Shanghai- based property developer has bought an upmarket resort and plans a major upgrade to attract wealthy Chinese travellers to the South Pacific country. China is the second-biggest source of visitors to New Zealand.
A recent report of a wine shortfall just marks a return to a more typical level of production and won't lead to bottles vanishing from store shelves.
WELLINGTON, Nov 1- New Zealand's Fonterra has bought a 6 percent stake in Australia's Bega Cheese Ltd, saying it wants to be involved in the industry consolidation sparked by a bidding war for Warrnambool Cheese and Butter Factory Company Holdings Ltd.
SYDNEY, Oct 30- At the Ingleburn Gardens Estate on the outskirts of Sydney, an upmarket housing development complete with pool, concierge, onsite shop and children's playground, the landscaped grounds are marred by large tracts of undeveloped land. The natural environment, such as the national parks surrounding Sydney, is also a barrier.
*Lion, Bega, Murray Goulburn can block Saputo- analyst. SYDNEY, Oct 29- Kirin Holdings Co Ltd bought a 10 percent stake in Warrnambool Cheese and Butter Factory Company Holdings Ltd on Tuesday, in a move that could block a takeover of the Australian dairy company by Canada's Saputo Inc..
*Anadarko to drill 2 deepwater wells in New Zealand. WELLINGTON, Oct 25- New Zealand is hoping the first deepwater wells to be drilled in the country in nearly 15 years will reignite interest in its offshore oil and gas basins, mostly ignored since some early discoveries in the 1970 s.
SINGAPORE/ WELLINGTON, Oct 14- The dollar fell on Monday while the yen rose on safe-haven demand due to concerns the United States may default on its debts as lawmakers negotiate a deal to raise its borrowing facility ahead of a deadline this week.
SINGAPORE/ WELLINGTON, Oct 14- The dollar fell on Monday while the yen rose on safe-haven demand due to concerns the United States may default on its debts as lawmakers negotiate a deal to raise its borrowing facility ahead of a deadline this week. The dollar was last down 0.3 percent at 98.31 yen, having touched a low of about 98.05 yen earlier in the day.
WELLINGTON, Oct 14- The dollar fell on Monday while the yen rallied across the board, boosted by safe-haven demand due to concerns the United States may default on its debts as lawmakers negotiate a deal to raise its borrowing facility ahead of a deadline this week.
The Reserve Bank of New Zealand had been flagging for the past year its concern about the risks of an overheated housing market, particularly in the biggest city Auckland, and the risk that posed to the country's financial system if there should be sharp downturn.
*Gain driven by China spending, dip in commodity prices. BRUSSELS, Sept 18- Agricultural subsidies as a share of farm income bounced back in 2012 from a record low the previous year, thanks to a dip in commodity prices and increased farm spending by China and others, the OECD said on Wednesday.