US and NZ economic prospects brighten as Christmas approaches

US and NZ economic prospects brighten as Christmas approaches
Jenny Ruth
The prospects for both the domestic and United States economies appear to be brightening, with the proviso that the US and China make tangible strides to resolving their trade war. On the local front, the government's half-year economic and fiscal update due on Wednesday will be the major event while the Federal Reserve will be announcing its last decision on monetary policy after the US economy added far more jobs than expected in the past three months, driving the unemployment rate back to 50-year lows. In New Zealand, the HYEFU will co...

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RBNZ assistant governor resigns
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RBNZ assistant governor resigns

The announcement comes just weeks after governor Adrian Orr suddenly quit.

John Anthony 17 Apr 2025
Annual inflation lifted 2.5% in the first quarter
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Annual inflation lifted 2.5% in the first quarter

The lift was a tad higher than RBNZ forecasts. 

Staff reporters 17 Apr 2025
Slight inflation lift won't stop rate cuts thanks to trade war
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Slight inflation lift won't stop rate cuts thanks to trade war

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TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025