New Zealand's finance minister Michael Cullen said on Thursday the country's currency, which has fallen more than 7 percent against the U.S. dollar during the global credit squeeze, was overvalued and he expected it to fall further.
New Zealand casino operator Sky City Entertainment Group said on Wednesday it expected another company to examine its books, which could result in a takeover bid.
Trade between New Zealand and China is expected to receive a boost next year as both countries are likely to seal the Free Trade Agreement (FTA) by April 2008 at the latest.
A quick overview of NZ, its current state of finance and a forecast of the next few years for this rapidly developing market.
All this week, CNBC's "Asia Squawk Box" is on the road in New Zealand. "Asia Squawk Box" will take a look at all things Kiwi -- its economy, the booming tourism industry, New Zealand's growth as a film locale and post production facility, its wining and dining exports and much more.
New Zealand's government said on Wednesday it would not change its plan to force the former state telephone monopoly Telecom Corp. of New Zealand to split into three separate operating divisions.
A Canadian state pension fund said on Wednesday it will seek a significant minority stake in New Zealand's Auckland International Airport in a proposed offer that values the whole company at as much as $3.5 billion.
Bill English, Deputy Prime Minister & Finance Minister of New Zealand says banks in the euro zone have been in trouble for a long time and more issues will pop up.