RCEP deal well received; India's absence disappoints

RCEP deal well received; India's absence disappoints
Rebecca Howard
News that 15 of 16 nations managed to agree to the 20-chapter Regional Comprehensive Economic Partnership trade deal has been well received although India’s absence is disappointing.“It is regrettable negotiating partners were unable to conclude an acceptable market access outcome with India at this time,” Prime Minister Jacinda Ardern said in a statement. “However, New Zealand respects India’s right to take its own decisions on the agreement. We will continue to work closely with India to seek to agree a market access outcome that is comm...

More Economy

Nearly $2b worth of ANZ mortgages overdue
Economy

Nearly $2b worth of ANZ mortgages overdue

That's up from $1.5b the year prior.

Riley Kennedy 08 May 2024
Weak red meat prices drop ANZCO Foods' profit nearly 60%
Economy

Weak red meat prices drop ANZCO Foods' profit nearly 60%

But, unlike other major processors, it still managed to turn a profit.

Riley Kennedy 07 May 2024
ANZ increases cash profit as net interest margins get squeezed
Economy

ANZ increases cash profit as net interest margins get squeezed

ANZ New Zealand has reported a 4% increase in its half-yearly profit despite pressure squeezing its margins.The bank's cash profit increased to $1.15 billion in the six months to March, up from $1.1b in the same period last year, but stable compared to the second half of its...

Riley Kennedy 07 May 2024
Beyond the headlines: Jobs data points to a divided NZ
Economy

Cameron Bagrie: Beyond the headlines: Jobs data points to a divided NZ

Greatest challenge is the pressure jump in joblessness puts on society and economy.

Cameron Bagrie 07 May 2024