Latest from Economy

John Walley: It's short-sighted to ignore impact of our rising currency
We cling to the same predictable policy framework while our currency appreciates and the dilemma facing our exporters remains, writes John Walley. The world has changed and New Zealand needs to take notice.

Mainzeal staff get word via media
Many of Mainzeal's workforce of 400 staff learned about the collapse of the company on Waitangi Day through the media.

Mysterious drop in job seekers
Very weak jobs data from Statistics New Zealand yesterday raised economists' eyebrows.

Unemployment down 0.4pc (+video)
New Zealand's unemployment rate fell from a 13-year high in the last three months of 2012 as people stopped looking for work and the participation rate shrank.

Big January for home sales
Auckland's property market had a booming January, with one real estate company selling 78pc more homes worth more than $1 million than the same month last year.

Brian Fallow: Strong NZ dollar only part of the story
The New Zealand dollar has hit 76 on the Reserve Bank's trade-weighted index, its highest level since at least 1990, writes Brian Fallow.

Solid Energy chief calls it a day
Long-serving Solid Energy chief executive Don Elder has joined the exodus from the top of the state-owned enterprise, his departure welcomed on the West Coast.

Local touch needed for good deals in China: report
Companies looking to invest or do business in China need to build up local relationships, use advisers who know the market.

R&D policy under fire
The sale of a technology company to a British buyer has reignited debate over the Government's approach to research and development funding and Kiwi firms shifting overseas.

Higher dollar eats away export gains
A stronger New Zealand dollar swamped further gains in world prices for export commodities last month.

Mood grim on sheep and beef farms
Dry weather and the high kiwi dollar are causing "a deepening pessimism" to spread among sheep and beef farmers.

Listings low, asking prices soar
A slight rebound in the number of new home listings last month did little to alleviate pressure in the property market.

Hillside worker from first day to last
Marking 50 years of work at the Hillside foundry, Roger Parsons yesterday poured the last KiwiRail cast on site before heading to his local for a beer.

Sacked liquor worker gets $62,000
Alcohol company Independent Liquor sacked an employee over allegations of drunken misbehaviour at a Fight For Life charity boxing match it sponsored.

Brian Fallow: Looser policy opens can of worms
The idea that an overvalued exchange rate is the fault of the monetary policy framework has hardened into dogma, writes Brian Fallow.