Dollar edges ahead of RBNZ OCR decision
The NZ dollar edged up ahead of the Reserve Bank's monetary policy statement tomorrow.
The NZ dollar edged up ahead of the Reserve Bank's monetary policy statement tomorrow.
MPI forecasts revenue from primary industries will drop to $35.2 billion in the year to June.
The dollar advanced as the greenback weakened following reports Obama raised concerns of US dollar strength.
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.
A taxpayer grant of $11 million to farm wagyu cattle will benefit an overseas businessman at the centre of the Saudi farm controversy.
The dollar may fall this week as traders bet the Reserve Bank could reduce interest rates.
Every Happy Meal sold at a McDonald's in Mexico from this weekend will include a New Zealand kiwifruit.
The kiwi touched 70.25 US cents over the weekend, its lowest level since August 2010.
New Zealand's top spy Steve Braunias deciphers the scrawlings of Murray McCully's secret diary.
Chile's no-nonsense stance on contentious trade deal sets an example for New Zealand, writes Jane Kelsey.
Phill Goff says there is nothing in the papers to embarrass Labour nor is there any reference to a "commercial solution" as Mr Key suggested.
Restaurant Brands increased its FQ sales 15pc as revenue jumped at KFC, and it added more Carl's Jr stores.
A local academic says a massive leak of documents shows New Zealand has adopted an "extreme" position in international trade discussions.
The dollar touched a four-month low against the euro after the European Central Bank lifted its inflation forecast.
Murray McCully's controversial $10m deal bypassed the normal Govt control channels, writes Fran O'Sullivan. "The deal is now being challenged as an outright bribe."
The yawning gap between supply and demand once again made its presence felt at the latest GlobalDairyTrade (GDT) auction.
The dollar rose even after dairy product prices unexpectedly fell in the latest GlobalDairyTrade auction.
International dairy prices continued to fall as the market struggles to recover from a supply/demand imbalance and subdued demand from China.
New Zealand's terms of trade improved 1.5 per cent in the March quarter but only because of the lagged effects of lower oil prices.
NZ's terms of trade rose in the first three months of the year, snapping two quarters of decline.
The kiwi touched 70.65 US cents in an illiquid market yesterday, its lowest level since August 2010.
If NZ taxpayers have provided a businessman with a sheep farm in compensation for his loss, it raises many more questions than Minister Murray McCully has been inclined to answer.
New Zealand's only commercial tea estate has secured a deal to sell its products in upmarket London department store Harrods.
The dollar dropped to its lowest in more than four years on concern about the outlook for the economy.
The economy is expected to grow at about 3 per cent a year out to 2017, driving jobs growth and reducing unemployment, says the NZIER.
A slump in dairy exports weighed on the trade balance last month.