Editorial: Economy will ride on the exchange rate
New Zealand's "rock star" economic growth of the past couple of years has been attributed to two things: high dairy prices and the Christchurch rebuild.
New Zealand's "rock star" economic growth of the past couple of years has been attributed to two things: high dairy prices and the Christchurch rebuild.
Liam Dann writes: Get ready for an influx of bargain-hunting foreign investors, because as the dollar drops, NZ assets are effectively going on special.
World prices for a basket of New Zealand's export commodities fell 1.3 per cent last month, with dairy products once more leading the decline.
Farmers are preparing for an austere 2014/15 season after a major drop in prices at last night's GlobalDairyTrade auction, says Federated Farmers boss.
ANZ's chief executive David Hisco's $4.1 million pay packet got a few Kiwis hot under the collar this week. But how 'bout we compare our bosses with the US?
Business confidence continued to slide last month, to its lowest levels since June 2012 in ANZ's Business Outlook survey.
Applications to build new houses and apartments have hit a new seven-year high but the rate of growth is slowing.
The NZ dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market.
The NZ dollar dropped to a 13-month low today after figures confirmed the Reserve Bank intervened in foreign exchange markets last month in a bid to bring it down.
Barfoot and Thompson has just released its annual landlord survey - and it revealed most are planning to put rents up by about 5 per cent.
The NZ dollar fell to a fresh one-year low against the US amid speculation the RBNZ may have intervened to push down the value of the local currency.
Liam Dann offers up five reasons for economic gloom and five reasons for cheer.
The NZ dollar slumped to its lowest in more than a year after RBNZ governor Graeme Wheeler jawboned it through a key support level of 80 US cents.
Westpac has changed its business model after discovering landlords are on the rise with their share of house sales up from 37 per cent a year ago to 42 per cent last month.
The New Zealand dollar could fall significantly over the next six to nine months and the Reserve Bank would welcome that, says Governor Graeme Wheeler.
Last month's trade deficit was an unexpectedly small $472 million as imports exceeded exports by 13 per cent.
On Monday I made several thousand dollars on paper. The share prices of electricity companies surged following the election.
New Zealand posted a narrower trade deficit in August as exports of live animals and dairy products rise and imports from major trading partners declined.
Fonterra has just announced a cut to its forecast farmer payout - from $5.30 a kg of milksolids - down from $6.00.
The dollar declined on concern about slowing growth in China and after Fonterra cut its forecast payout to farmers.
New Zealand rural confidence levels have fallen to a two-year low thanks to plunging dairy prices, according to Rabobank's latest quarterly rural confidence survey.
Young adults are increasingly becoming "property orphans" by living it up with travel and shopping rather than saving for a deposit on a house, new data shows.
Kathmandu, which today posted a 4.5pc decline in annual profit, said Australasian earnings should rise in the coming year.
Data warehousing software provider Wherescape has shelved its plans to carry out a stock market listing, according to market sources.