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NZ’s annual current account gap narrows to 3.3% of GDP on tourist influx

NZ’s annual current account gap narrows to 3.3% of GDP on tourist influx

By Jonathan Underhill Dec. 16 (BusinessDesk) - New Zealand’s annual current account deficit narrowed in the third quarter as an influx of big-spending tourists made up for the impact of weaker dairy export prices. The current account gap was $8.1 billion, or 3.3 percent of...

Jonathan Underhill 15 Dec 2015
CORRECT: NZ dairy exports to surge by 2017 after weaker 2016, meat, wool stronger

CORRECT: NZ dairy exports to surge by 2017 after weaker 2016, meat, wool stronger

(Fixes billions in second paragraph) By Jonathan Underhill Dec. 15 (BusinessDesk) - New Zealand dairy exports are forecast to surge in 2017, after falling in the current year when gains in meat, wool, forestry, seafood and horticultural products are expected to drive a 5.3...

Jonathan Underhill 14 Dec 2015
Genesis Energy names AGL executive Marc England as CEO, replacing Brantley

Genesis Energy names AGL executive Marc England as CEO, replacing Brantley

By Jonathan Underhill Dec. 14 (BusinessDesk) - Genesis Energy named AGL Energy executive Marc England as chief executive, replacing Albert Brantley who leaves after seven years running New Zealand's biggest electricity and gas retailer. England, who is currently executive m...

Jonathan Underhill 13 Dec 2015
NZ local govt assets to grow faster than debt, revenue in next decade

NZ local govt assets to grow faster than debt, revenue in next decade

By Jonathan Underhill Dec. 10 (BusinessDesk) - Local government sector debt is forecast to surge 42 percent to about $20 billion in the next 10 years, mainly reflecting infrastructure investment in Auckland and Christchurch, but the increase is matched by projected increases i...

Jonathan Underhill 10 Dec 2015
A quarter of Kiwis worry that financial advisers would push products to reap fees, survey shows

A quarter of Kiwis worry that financial advisers would push products to reap fees, survey shows

Jonathan Underhill 09 Dec 2015
Finance Minister English says government lacks 'tailwind of inflation' to drive big surpluses

Finance Minister English says government lacks 'tailwind of inflation' to drive big surpluses

Jonathan Underhill 09 Dec 2015
NZ banking poll shows technology, social media risks rate higher than governance

NZ banking poll shows technology, social media risks rate higher than governance

Jonathan Underhill 08 Dec 2015
NZ dollar falls as opinion on RBNZ rate cut Thursday firms

NZ dollar falls as opinion on RBNZ rate cut Thursday firms

Jonathan Underhill 08 Dec 2015
Affco baulks at having Helen Kelly in mediation sessions with meat workers union, parties head back to court

Affco baulks at having Helen Kelly in mediation sessions with meat workers union, parties head back to court

Jonathan Underhill 08 Dec 2015
SAFE, the $1 mln animal rights lobby, gets the ear of Fonterra, regulators with bobby calf footage

SAFE, the $1 mln animal rights lobby, gets the ear of Fonterra, regulators with bobby calf footage

Jonathan Underhill 07 Dec 2015
Dick Smith may ultimately do more harm to itself than rivals in pre-Xmas super sale

Dick Smith may ultimately do more harm to itself than rivals in pre-Xmas super sale

Jonathan Underhill 06 Dec 2015
Synthase Biotech targets 2019 launch for 'bull semen extender', sees global demand

Synthase Biotech targets 2019 launch for 'bull semen extender', sees global demand

Jonathan Underhill 06 Dec 2015
Lack of inflation, higher kiwi suggest RBNZ rate cut next week, may be low point of cycle

Lack of inflation, higher kiwi suggest RBNZ rate cut next week, may be low point of cycle

Jonathan Underhill 04 Dec 2015
Too soon to assume China is source of contaminated frozen berries, MPI officials tell MPs

Too soon to assume China is source of contaminated frozen berries, MPI officials tell MPs

Jonathan Underhill 03 Dec 2015
NZ residential building activity rises 2.9% in third quarter, offsetting fall in commercial work

NZ residential building activity rises 2.9% in third quarter, offsetting fall in commercial work

Jonathan Underhill 02 Dec 2015
Australian central bank keeps easing bias in place, cites drop in mining spending

Australian central bank keeps easing bias in place, cites drop in mining spending

Jonathan Underhill 01 Dec 2015
RMA reform bill queue-jumps over legislative backlog as MPs begin last sitting of parliament

RMA reform bill queue-jumps over legislative backlog as MPs begin last sitting of parliament

Jonathan Underhill 01 Dec 2015
NZX lifts minimum volume threshold for block trades of whole, skim milk futures, citing improved liquidity

NZX lifts minimum volume threshold for block trades of whole, skim milk futures, citing improved liquidity

Jonathan Underhill 30 Nov 2015
NZ terms of trade falls 3.7% in third quarter as petrol drives fastest gain in import prices in for 7 years

NZ terms of trade falls 3.7% in third quarter as petrol drives fastest gain in import prices in for 7 years

Jonathan Underhill 30 Nov 2015
Affco, Meatworkers Union head for mediation as meat company prepares to appeal Employment Court ruling

Affco, Meatworkers Union head for mediation as meat company prepares to appeal Employment Court ruling

Jonathan Underhill 30 Nov 2015
NZ residential building consents rise 5.1% in October, led by gains for Auckland

NZ residential building consents rise 5.1% in October, led by gains for Auckland

Jonathan Underhill 29 Nov 2015
Vector to repay $540M of bank debt on sale of gas business, expects bigger drop in operating earnings

Vector to repay $540M of bank debt on sale of gas business, expects bigger drop in operating earnings

Jonathan Underhill 29 Nov 2015
Parent, widow of Pike River casualties fail to force review of decision to drop charges against Whittall

Parent, widow of Pike River casualties fail to force review of decision to drop charges against Whittall

Jonathan Underhill 27 Nov 2015