NZ house price growth to 'slow sharply', says credit rating agency Fitch
By Pattrick Smellie Feb. 17 (BusinessDesk) - The New Zealand housing market is in for a "pronounced and overdue slowdown", with national house price inflation forecast to fall to around 5 percent a year, says one of the world's top three credit rating agencies, Fitch. "Affo...
NZ and Aussie trade deals needed as proof EU can do them: Hungarian foreign minister
By Pattrick Smellie Feb. 17 (BusinessDesk) - The European Union should try to complete new free trade agreements with New Zealand and Australia separately, but at the same time, the Hungarian foreign minister, Péter Szijjártó, told the New Zealand Institute of International Af...
Labour promises $20M for Gisborne timber processing
By Pattrick Smellie Feb. 17 (BusinessDesk) - The Labour Party is pledging up to $20 million, if elected, to support the region's timber processing sector, possibly by helping fund a prefabricated housing plant. Such an initiative would dovetail with Labour's KiwiBuild polic...
Ed Sims to leave Airways Corp for international post
By Pattrick Smellie Feb. 17 (BusinessDesk) - Ed Sims, the Airways Corp chief executive responsible for a major step up in the performance of New Zealand's civil aviation services, is leaving in May for a position in an unnamed international organisation. A former Air New Ze...
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