Trade

NZ INC. brings you the best Trans-Pacific Partnership coverage from around the web. Friday, October 2 John Key spoke at a breakfast hosted by the Asia Society this week, where he talked about China’s attitude towards the TPP and New Zealand’s place in it. See the video here.  ” AsiaSociety.org: Video: New Zealand Leader Says China Sees Opportunity in the …

By Paul McBeth Sept. 17 (BusinessDesk) – New Zealand’s economy accelerated by less than expected in the second quarter, with agriculture and mining recovering from a weak start to the year. The kiwi dollar dropped almost half a US cent. Gross domestic product grew 0.4 percent in the three months ended June 30, accelerating from a 0.2 percent pace in the March quarter …

The New Zealand dollar rose ahead of the Reserve Bank’s statement on Thursday and after an Australian survey showed improving business conditions even while business confidence fell, giving traders more confidence economic growth across the Tasman won’t collapse. The kiwi rose to 62.76 US cents as at 5pm in Wellington, from 62.67 cents late yesterday. The trade-weighted index was little changed at 68.49 from 68.54 …

New Zealand manufacturing sales volumes fell in the second quarter, driven by the continued decline in petroleum and coal, and in meat and dairy. Total seasonally adjusted sales volumes declined 0.2 percent in the three months ended June 30, following a 0.3 percent drop in the first quarter, according to Statistics New Zealand. The volume of dairy and meat, the nation’s two …

European equities moved higher amid relief that Chinese stocks losses were contained, fuelling optimism that a slowdown in global economic growth will be checked. Europe’s Stoxx 600 Index finished the day with a 1.1 percent gain from the previous close. The UK’s FTSE 100 Index added 0.5 percent, France’s CAC 40 Index rose 0.6 percent and Germany’s DAX Index climbed …

By Tina Morrison Sept. 4 (BusinessDesk) – New Zealand wool is trading at record high prices, pushed up by strong demand and limited supply, though the outlook is murky. The price for clean 29-micron wool changed hands at a record $10.45 a kilogram at yesterday’s North Island auction, up from $9.95/kg at the previous North Island auction on Aug. 13, according to …

New Zealand’s trade deficit was smaller than expected in July as exports of fruit and meat drove overseas sales higher, and offset flat dairy export receipts. The trade deficit narrowed to $649 million in July from $943 million a year earlier, and was smaller than the $755 million shortfall predicted in a Reuters poll of economists. Exports climbed 14 percent …

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street’s fear gauge don’t mean the world economy is heading for another global financial crisis, fund managers say. New Zealand shares followed Wall Street and European equity markets lower for a second day, with the S&P/NZX 50 Index down 1.7 percent …

Wall Street pared losses, after plunging in the first 10 minutes of trading after Chinese stocks plummeted as investors rushed to the sidelines. “Anybody with a pulse was nervous when the market opened,” Michael James, managing director of equity trading at Wedbush Securities in Los Angeles, told Reuters. “The only thing that’s certain is the volatility is going to continue …

TPP talks have stalled this month but are set to resume later in August- NZ Inc has collected the best of the web on the latest developments. Andrew Robb over at the Sydney Morning Herald says given the collapse in negotiations last week, it’s crunch time for the TPPA. – Andrew Robb: It’s Crunch Time for the Trans-Pacific Partnership- Sydney …