NZ consumer confidence improves in October, pointing to strong economic growth
By Paul McBeth Oct. 13 (BusinessDesk) - New Zealand consumer confidence rose in October as rising house prices and a strong labour market keep people upbeat, further supporting economic growth. The ANZ-Roy Morgan consumer confidence index increased to 122.9 last month from...
English reaps bigger surplus than expected as migration stokes tax take
By Paul McBeth Oct. 13 (BusinessDesk) - Finance Minister Bill English today announced a bigger surplus than expected in the last fiscal year as a growing economy underpinned by an expanding population delivered a bigger tax take than anticipated. The operating balance befo...
NZ Refining to hold on to Independent Petroleum Laboratory unit
By Paul McBeth Oct. 13 (BusinessDesk) - New Zealand Refining, which operates the country's only oil refinery, has decided to keep its lab testing unit that's been up for sale since last year. Whangarei-based Refining NZ has decided to keep its 74 percent stake in Independe...
NZ dollar little changed as Fed minutes show September rate hike 'close call'
By Paul McBeth Oct. 13 (BusinessDesk) - The New Zealand dollar was little changed as minutes to the September meeting of the Federal Open Market Committee showed US policymakers saw a rate hike as being a "close call". The kiwi traded at 70.72 US cents at 8.30am in Welling...
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