NZ risks 'shallow engagement' with India, ANZ boss

NZ risks 'shallow engagement' with India, ANZ boss
NZ needs to have a deeper engagement with India, ANZ global CEO Shayne Elliott says. (Image: BusinessDesk)
Dileepa Fonseka
New Zealand’s push to embrace India could become a “shallow engagement” unless the country decides to do more than sponsor a few trade missions, the global head of ANZ bank says.  NZ’s new government has hit the ground running on rhetoric around trade with India. Trade minister Todd McClay gave a high-profile speech to the India NZ Business Council within hours of ministers having their first cabinet meeting a fortnight ago. The speech is thought to be the first made by a minister after the new cabinet was swor...

More Economy

Annual inflation at 2.2% in December quarter
Economy

Annual inflation at 2.2% in December quarter

The lift follows a 2.2% increase in the 12 months to the September quarter.

Card transaction data ‘much stronger than expected’:
Retail

Card transaction data ‘much stronger than expected’:

Stats NZ data shows retail spending has grown for five consecutive months.

Gregor Thompson 21 Jan 2025
NZ service sector underperforming globally
Economy

NZ service sector underperforming globally

New Zealand's Performance of Services Index is the only one in contraction among its key trading partners.The BNZ – BusinessNZ's performance index (PSI) fell to 47.9 in December from 49.1 in November.  “Our neighbour Australia is the closest comparison, but their equivale...

Staff reporters 21 Jan 2025
December inflation likely on target
Economy

December inflation likely on target

Annual inflation likely around 2.1%-2.2% in the December quarter.

Rebecca Howard 20 Jan 2025