Current account deficit hits $8.6b
New Zealand earned $8.6 billion less from the rest of the world through trade and investment in the year to March than the rest of the world earned from us.
New Zealand earned $8.6 billion less from the rest of the world through trade and investment in the year to March than the rest of the world earned from us.
A Government-commissioned report has recommended the creation of an authority with the power to acquire private land for large-scale housing developments.
Silver Fern shareholders are seeking to force a special meeting to discuss the benefits of a merger with Alliance Group.
Fonterra has once again successfully tapped into the so-called dim sum bond market in Hong Kong by this week raising 1 billion renminbi ($230 million) through a five-year bond.
Wall St moved lower overnight amid concern about the hardening of stances in talks between Greece and its international creditors as this month's deadline looms large.
Economists expect the pace of economic growth to have slowed when the March quarter national accounts are released on Thursday.
The New Zealand dollar extended its decline after sinking below US70c last week for the first time in five years, with traders awaiting economic data for clues to the track of interest rates.
Brazil's so-called little crop is going to be bigger than ever, flooding an already oversupplied global corn market and further pressuring prices.
Cooks Global Foods, which is taking the Esquires coffee chain outside New Zealand and Australia, narrowed its annual loss while expanding its global footprint.
More falls in dairy prices are expected in the next few months, but futures market pricing suggests a mild bounce-back might take place at tomorrow's GlobalDairyTrade auction.
The NZX will this week launch the NXT board, a new market for small, growth-focused firms.
Christopher Niesche writes: Nine chief executive David Gyngell said the profit downturn was a cyclical issue, "bump, not a hill". But is it?
Australia's house price gains are expected to slow although prices are unlikely to fall in the near-term, an investment bank says.
The double digit rise in the average pay packets for New Zealand's top chief executives is likely to stir some controversy, writes Liam Dann.
Labour says a massive building programme is needed to fix a "fiasco" in Auckland's property market.
It hasn't been a great week for investment bankers on both sides of the Tasman.
Dramatic house price growth is burdening Kiwi households with debt and putting the nation's financial stability at risk, the OECD warns.
The Government has reported an unexpected operating surplus in the 10 months through April as the Crown's tax coffers were bolstered by a bigger inflows.
MPI forecasts revenue from primary industries will drop to $35.2 billion in the year to June.
Despite speculation about its future in NZ, Origin Energy says it's committed to its investment in Contact Energy.
New Zealand's wholesale trade shrank in the first three months of the year with a decline in goods derived from the primary sector leading the contraction.
Pumpkin Patch's failure to find a buyer or white knight investor is a bad sign for the struggling children's clothing business, says an analyst.
New Zealand shares rose yesterday as investors shrugged off the prospect of higher global interest rates, and bought property stocks.
New Zealand's largest agriculture expo kicks off tomorrow with the spotlight on innovation in the agritech sector.
Rakaia-based Synlait Milk has issued a low farmgate milk price for the current season but managing director John Penno says he expects prices to start improving by early next year.
Pumpkin Patch shares are tumbling today as investors digest the firm's decision to abandon plans to find a buyer.
Russell Howarth is a former English riot policeman who has taken to performing citizens arrests on Sydney Uber drivers.
Children's clothing retailer Pumpkin Patch has canned plans to find a buyer for the struggling business.