Business Desk

The New Zealand dollar fell below 80 Australian cents for the first time since January as the drought across much of the North Island weighs on investors’ confidence in the local recovery, and as the Reserve Bank prepares to review monetary policy tomorrow. The kiwi fell as low as 79.79 Australian cents, and traded at 79.91 cents at 5pm from …

Wellington Drive Technologies, the unprofitable manufacturer of energy efficient motors, raised $4 million in a placement to institutions, managers and existing investors such as SuperLife Investments. The stock jumped when it came off trading halt following the statement. The Auckland-based company said it is making the placement in two tranches – 16 million shares in a private placement to institutions …

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Prime Minister John Key has welcomed the Chilean Government’s move to extend its “Penguins Without Borders” scheme, which sees high-achieving Chilean students travelling to New Zealand for six-monthly study visits.  “Penguins Without Borders enables some of Chile’s most ambitious and brightest high school students to experience the best our education system has to offer,” says Key. “Chile’s Economy Minister, Pablo Longueira, …

Chile and New Zealand will continue to strengthen their trade and economic ties, particularly though education, agriculture and energy, Prime Minister John Key announced today. Key today held bilateral talks with Chilean President Sebastian Piñera, where the two leaders discussed the on-going Trans Pacific Partnership negotiations and the warm relationship between the two countries. “New Zealand’s relationship with Chile is …

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Prime Minister John Key has become the first New Zealand Prime Minister to visit Colombia, a country with growing trade and economic links to the Asia-Pacific region. Key says both he and Colombian President Juan Manuel Santos also committed to concrete measures to boost goods and services trade between their countries and, to that end, have directed officials to prepare …

Thank you for welcoming me here today. This is my first visit to Colombia, and the first visit of a New Zealand Prime Minister to this country. Today also happens to be an anniversary for Colombia and New Zealand. On March 6th, 1979, New Zealand accredited its first ambassador to Colombia, formally establishing diplomatic relations between our two countries. So …

In the context of the 40th anniversary of the establishment of diplomatic relations between Mexico and New Zealand, New Zealand’s Prime Minister John Key undertook an Official Visit to Mexico on 4 and 5 March 2013. This was the first Head of Government visit received by President Enrique Pena Nieto since he took office. During their meeting, the Leaders of Mexico and New …

Federated Farmers is warning New Zealand’s levy paying meat farmers that if the Primary Growth Partnership vote fails, farmers will be throwing away scientific investments vital for its future. “Federated Farmers Meat & Fibre executive supports the Collaboration for Sustainable Growth PGP,” says Jeanette Maxwell, Federated Farmers Meat & Fibre chairperson “The biggest thing farmers tell me they want is unity …