Caracas drivers face pain at pump
In the socialist state of Venezuela that is home to the world's largest oil and gas reserves, petrol is cheaper than water. But not for much longer.
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Latest FromEconomy
Brian Fallow: Govt's TPP benefit figures in doubt
The economic benefits from the Trans Pacific Partnership, if it eventuates, are seriously overstated and may well be outweighed by the costs, writes Brian Fallow.
NZ dollar recovers ground against trans-Tasman counterpart
The New Zealand dollar recovered ground against its trans-Tasman counterpart after falling unemployment firmed up expectations for a rate hike by the local central bank.
Unemployment drops to 6pc
New Zealand's unemployment rate fell to a three-year low in the fourth quarter of 2013 as jobs growth beat expectations.
Oil drillers come up empty handed
United States oil company Anadarko says its first New Zealand deep sea exploration well failed to find commercial quantities of oil or natural gas.
Xero declines amid US market slump
Xero's share price has continued to fall and shed more than 4 per cent yesterday as buying interest dropped away amid a market slump in the United States.
They came, they drilled - but no oil
American oil company Anadarko says its maiden New Zealand deep sea exploration well failed to find commercial quantities of oil or natural gas.
China falls from high
Shaky data out of China lately has economists keeping a wary eye on New Zealand's largest trading partner.
Curbs urged amid London bubble fear
UK real estate experts are warning that stronger curbs must be considered for the country's housing market amid fears that London is starting to show "bubble-like conditions".
Kiwi dollar tipped to fall this week
Signs of a revival in the Aussie economy have prompted that nation's central bank to remove its easing bias.
'Don't come home to mine' Kiwi miners told
Ngapuhi working in Australia's mines are being told they won't be welcome if they come home to carry out controversial mineral exploration in Northland.
Russian minister sees FTA in 2014
NZ Trade Ministry spokesman says access for agricultural products to customs union is key sticking point.
NZ's trade deficit remains despite better terms
The most favourable terms of trade for 40 years and a $3.1 billion rise in exports to China were not enough to close the trade gap last year.
Inflation poses threat to NZ
Rising inflationary pressures exacerbated by accelerating building activity pose a threat to New Zealand's economic growth and warrant a return to more normal interest rates, Reserve Bank governor Graeme Wheeler says. The economy has been expanding beyond its potential growth rate for "some time" and inflationary pressures are beginning to appear, particularly in the construction sector where resources are being reallocated to deal with the Canterbury rebuild and Auckland housing construction
Wheeler: Inflationary pressures 'important risk' to pace of growth
Rising inflation poses a threat to NZ's growth and warrant a return to more normal interest rates, Graeme Wheeler says.
Tourist arrivals hit record
Tourists are arriving in record numbers but the high New Zealand dollar is crimping spending.
Building consents reach six-year high
New Zealand building consents for residential housing rose 7.6% in December, taking the annual level of new permits to a six-year high.
Rate rise in March - bank on it
The OCR has been left unchanged this morning, making a March hike now 'a near certainty' according to one economist.
Auckland economy set to sparkle
Auckland's economic prospects look the best in seven years, based on labour, housing construction and manufacturing activity.
Call for stronger competition law
Information and communication technology unlocks the door to greater productivity for many services firms, but more pressure may be needed to shove them through it.