The Hawke’s Bay’s Ruataniwha Water Storage Scheme has been dealt another blow after the South Island’s Ngai Tahu followed Trustpower in withdrawing from the irrigation project. The proposed development is part of the wider Tukituki Catchment Proposal that was granted resource consents by a Board of Inquiry last month. However, the board imposed more stringent conditions on run-off into waterways …

The New Zealand government will dust off the stalled initiative for a free trade agreement with India, following the election of a new Indian government promising an economic reform agenda more likely to be welcoming of foreign trade and investment. The Bharatiya Janata Party, led by Narendra Modi, won the Indian general election over the weekend, becoming the first government …

The New Zealand dollar edged up in local trading after government figures showed producer prices rose faster than expected, pointing to potential inflationary pressures. The kiwi rose to 86.33 US cents at 5pm in Wellington from 86.27 cents at 8am, and 86.21 cents on Friday in New York. The trade-weighted index was little changed at 80.26 from 80.18 yesterday. New Zealand producers faced a 1 …