Expect a soggy GDP reading for the September quarter
By Jenny Ruth Dec. 17 (BusinessDesk) - September quarter gross domestic product data due for release on Thursday is expected to reflect an economy running out of puff after the very strong June quarter performance. Economists are expecting the figures to show the economy gr...
Noel Leeming fined $200,000 for misleading consumers
By Jenny Ruth Dec. 14 (BusinessDesk) - Noel Leeming has been fined $200,000 for misleading consumers about their rights under the Consumer Guarantees Act following a Commerce Commission prosecution. The homeware retailer, which is owned by The Warehouse Group, was convicted...
Labour co-ordinator role may alleviate kiwifruit labour shortage
By Jenny Ruth Dec. 14 (BusinessDesk) - The New Zealand kiwifruit growers' association says it has gained support from the government’s Provincial Growth Fund and the Ministry of Social Development to employ a labour coordinator to try to alleviate an expected staff shortage in...
Housing market continued cooling in November
By Jenny Ruth Dec. 14 (BusinessDesk) - House price inflation abated further in November, although sales volumes increased slightly, and the Auckland market cooled a little more. The latest Real Estate Institute of New Zealand’s house price index rose 3.5 percent from a year...
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