NZ's external imbalances look contained - economists
Economists said New Zealand’s external imbalances look to be contained despite the nation's slowing economic growth. The annual current account deficit was $10.3 billion in the September quarter, or 3.3 percent of gross domestic product. The deficit was $10.6 billion a year earli...
Kiwi gains as pound tumbles on Brexit transition plans
The kiwi rose against the UK pound on news that UK Prime Minister Boris Johnson aims to make it illegal to extend the Brexit transition period beyond Dec 31, 2020.The kiwi was trading at 50.07 British pence at 8am in Wellington from 49.62 at 5pm yesterday. It was at 65.68 US cent...
Business confidence best since October 2017
Business confidence continued to improve in December, hitting the highest level since October 2017 when the current government took office.A net 13 percent of 380 respondents to the ANZ business outlook survey expect worse times ahead, an improvement from the net 26 percent in th...
T&G Global buys domestic Freshmax business for $30m
T&G Global has agreed to buy Freshmax Group’s domestic New Zealand business for $30 million, the same day that it warned profit would more than halve. The fruit exporter said it wants to strengthen its New Zealand produce business with the acquisition. The price is on a debt free...
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