New Zealand

Wednesday Humour

Ritchie McCaw goes into the All Black changing room to find all his team mates looking a bit down. “What’s up guys?” he asks. “Well Ritchie, to be honest we’re having all sorts of trouble getting motivated for this game against Australia . We know it’s important but we’ve just beaten Argentina and South Africa in consecutive weeks and, let’s …

Read More »

Pressure goes on NZ Reserve Bank to lower interest rates

After today’s CPI figure we expect the Reserve Bank to cut the Official Cash Rate on October 25th in an effort to lower the exchange rate, the Employers and Manufacturers Association says. “The CPI figure indicates inflation has moved below the agreed target of 1-3 per cent required of the Reserve Bank leaving ample room for a cut to the OCR,” …

Read More »

Philippines president Benigno Aquino 111 due after Labour Weekend

Prime Minister John Key will host the President of the Philippines for discussions on two-way trade and other bilateral matters straight after Labour Weekend (October 22-23) President Benigno Aquino III – visiting NZ for the first time – will be accompanied by Secretary of Foreign Affairs Albert del Rosario, other members of the President’s Cabinet and a large trade delegation. …

Read More »

NZ Government holds course on SOE sales – John Key

Prime Minister John Key today outlined the Government’s next steps to prepare Mighty River Power for its partial sale in the first half of 2013. “I’m pleased to announce today Cabinet made three decisions regarding our shares sales programme,” said Key in a post-Cabinet press statement.  “First, the Government will not implement the Waitangi Tribunal’s ‘shares plus’ concept, or engage …

Read More »

Hawke’s Bay deer farmers named Marks & Sparks sustainability champs

Hawke’s Bay deer farmers and Federated Farmers members, Tim Aitken and Lucy Robertshawe, are Marks & Spencer 2012 Farming for the Future Champion of Champions. “Marks & Spencer is a globally recognised brand which epitomises quality and environmental sustainability.  This is huge for us, for the FirstLight Foods group which sells our product to Marks & Spencer, our industry and …

Read More »

Why Russel Norman is a financial illiterate – Marc Krieger

Green Party co-leader Dr Russell Norman wants the Reserve Bank of New Zealand to launch quantitative easing to lower the value of the New Zealand Dollar. Dr Norman writes “Since the Global Financial Crisis, our major trading partners have engaged in large scale measures that have devalued their currencies” and that “The UK, USA, Japan and the European Union have …

Read More »

NZ flight links to Bali and Jakarta stepping up

High passenger numbers for the 2012 season has sparked Air New Zealand to schedule another Auckland-Denpasar service next year. A Boeing 767-300 aircraft will operate twice weekly non-stop Auckland – Denpasar services for from 1 June to 15 October. This is three weeks longer than the 2012 season, again reflecting demand. Air New Zealand Group General Manager Australasia Bruce Parton …

Read More »

NZ dollar rises as Chinese exports beat estimates, stokes optimism

The New Zealand dollar gained after exports to China, the country’s second-biggest trading partner, rose at the fastest pace in three months in September, easing concerns that the global economy is heading for another worldwide slowdown. The New Zealand dollar rose as high as 81.88 US cents and traded at 81.75 cents just after 8am, up from 81.60 cents at …

Read More »

The ICEHOUSE appoints Chris Quin as chair

Telecom Retail CEO Chris Quin  has taken over as chair replacing Greg Cross who is leaving the board as his own entrepreneurial activities demand more of his time offshore. Long standing ICEHOUSE board member and Dean of The University of Auckland Business School, Greg Whittred said, “Greg has been an exceptional leader in his three years as Chair of The …

Read More »