Current account deficit up $600m
Lower taxes from foreign investors have helped push NZ's current account deficit up.
Lower taxes from foreign investors have helped push NZ's current account deficit up.
NZ oil and gas exploration will get a substantial boost in government resources, including funding to chase deep-sea methane hydrates that have yet to be commercially exploited anywhere in the world.
Fisher & Paykel has shown off the result of 17 years of top-secret research, saying its new compressor is a revolutionary change.
Dairy and meat exports were the main contributors to a 3.8 per cent rise in exported goods prices in the June 2010 quarter.
Fonterra says the earthquake has damaged some milking sheds, but all milk has been collected from its Canterbury suppliers.
After years in the doldrums, forestry is booming. Could this be the start of a new golden age, or is the next bust already on the way? Nick Smith reports.
Nekta transforms fruit into everything from drinks, to a fat replacement for baking.
Pike River Coal has reported an annual net loss of $39 million and will not be paying any dividend.
Trade deal boosts NZ's profile in Malaysia, writes Fiona Acheson