Falling log prices may make some woodlots unprofitable - ANZ
By Rebecca Howard | Mon, 08 Jul 2019
By Rebecca Howard July 8 (BusinessDesk) - In-market prices for logs in China - New Zealand's largest export market - have fallen in recent weeks and ANZ Bank warns the drop will make the harvest of...
Re-opening Stratford-Okahukura line priority for KiwiRail CEO
By Gavin Evans | Wed, 03 Jul 2019
By Gavin Evans July 4 (BusinessDesk) - A $40 million project to reopen the mothballed Stratford to Okahukura rail line is a priority for new KiwiRail chief executive Greg Miller. The line, shut...
NZX on-market trading recovers in June with more lower value activity
By Paul McBeth | Tue, 02 Jul 2019
By Paul McBeth July 3 (BusinessDesk) - The value of share trading through the formal stock exchange recovered in June, with increased activity albeit on a smaller turnover. The number of share...
Agri-tech sector to pioneer govt industry transformation strategy
By Pattrick Smellie | Mon, 01 Jul 2019
By Pattrick Smellie July 2 (BusinessDesk) - Agricultural technology should be one of New Zealand's leading sources of high-value jobs, exports and improved farming practice, but has failed to grow...
NZ business confidence hits 10-year low
By Rebecca Howard | Mon, 01 Jul 2019
By Rebecca Howard July 2 (BusinessDesk) - New Zealand business confidence fell to more than a 10-year low in the June quarter, with manufacturers the gloomiest sector. A seasonally adjusted net...
NZ consumer confidence ticks up slightly in June
By Rebecca Howard | Thu, 27 Jun 2019
By Rebecca Howard June 28 (BusinessDesk) - Consumer confidence ticked up in June, climbing back above the historic average. The latest ANZ-Roy Morgan survey of consumer confidence rose 3.3 poin...
June business confidence weakens amid domestic, global headwinds
By Rebecca Howard | Thu, 27 Jun 2019
By Rebecca Howard June 27 (BusinessDesk) - Business confidence has reversed the gains made last month amid on-going domestic and global headwinds, according to an ANZ Bank monthly survey. A net...
NZ govt's books in better shape than forecast on higher tax take
By Rebecca Howard | Wed, 26 Jun 2019
By Rebecca Howard June 27 (BusinessDesk) - The government's books for the first 11 months of the year are in better shape as the tax take came in higher than expected. The Crown accounts show t...
Economists now expect August rate cut from RBNZ
By Rebecca Howard | Wed, 26 Jun 2019
By Rebecca Howard June 26 (BusinessDesk) - Economists say the central bank will cut interest rates in August given the monetary policy committee said risks are tilted to the downside and that more...
RBNZ keeps OCR at 1.5%, signals more easing likely
By Rebecca Howard | Wed, 26 Jun 2019
By Rebecca Howard June 26 (BusinessDesk) - The Reserve Bank kept the official cash rate at 1.5 percent and left the door open for further rate cuts as the outlook for the economy has softened since...
NZ economy loses momentum, risks tilted to downside - IMF
By Rebecca Howard | Tue, 25 Jun 2019
By Rebecca Howard June 26 (BusinessDesk) - New Zealand's economic expansion has lost momentum and while the near-term outlook is expected to improve, risks are increasingly tilted to the downside,...
Global trade crisis 'bad news' for open economies like NZ - OECD
By Rebecca Howard | Tue, 25 Jun 2019
By Rebecca Howard June 25 (BusinessDesk) - Shrinking global trade and a crisis in the multilateral system is "bad news" for the likes of New Zealand, which relies on open access to foreign markets,...