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The mining lobby group Straterra says the government is right to try and improve the operation of the Resource Management Act and dismisses environmental groups’ claims of a Ministerial power grab as “rubbish.” “We all want the same thing, a robust framework for assessing development proposals against economic, environmental, social and cultural criteria,” Straterra chief executive Chris Baker said in …

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 …

Prime Minister John Key says he and Mexican President Enrique Peña Nieto have committed to strengthening the trade relationship between New Zealand and Mexico, following bilateral talks in Mexico City. “Mexico and New Zealand have shared a friendly relationship for 40 years. President Peña Nieto and I agreed the trade relationship between our two countries, while healthy, could be strengthened …

The New Zealand dollar rose above 83 US cents after dairy prices surged at Fonterra Cooperative Group’s latest online auction, as drought threatens to engulf most of the North Island. The kiwi climbed to 83.18 US cent at 8.30am in Wellington from 82.92 cents yesterday. The trade-weighted index advanced to 76.34 from 76.12. The average price across all products sold …

The Dow Jones Industrial Average climbed to a record on optimism the US economy remains on track for a sustained recovery, while China showed it’s determined to revive growth with plans for a record level of government spending. In afternoon trading in New York, the Dow Jones Industrial Average was last up 1.01 percent to 14,269.04, surpassing its previous intraday …

Prices of dairy products surged to the highest since June 2011 in Fonterra’s latest GlobalDairyTrade auction with the prospect of New Zealand production curtailed by drought in the North Island. The GDT-TWI Price Index rose 10.4 percent compared to the last sale two weeks ago, the biggest increase since the June 5, 2012, sale and the sixth straight gain. The …

Ladies and Gentlemen, it’s a pleasure to be here in Mexico. I’ve been here once before and have wanted to come back for some time, so it’s great to be here in this vibrant and energetic city. I’m looking forward to my first meeting with President Peña Nieto later today. And I’m pleased to be leading a delegation of some …

Online auction site Trade Me, which is on the prowl for more acquisitions, has sold its group-buying Treat Me website for an undisclosed sum in a management buyout. The Wellington-based company expects to complete the sale to a consortium led by Treat Me head James Macavoy in the next month, two years after launching the website, it said in a …

New Zealand shares rose on a day dominated by New Corp’s sales of its Sky Network Television stake, with Warehouse Group leading gainers ahead of its earnings on Friday. The NZX 50 rose 15.55 points, or 0.4 percent, to 4269.16. Within the index, 24 stocks rose, 18 fell and eight were unchanged. Turnover was about $1.03 billion, of which about …

The Reserve Bank of Australia kept its cash rate unchanged at 3 percent as expected, while saying it has room to ease further if needed in the face of tame inflation and noting more stability in the global economy. “The inflation outlook, as assessed at present, would afford scope to ease policy further, should that be necessary to support demand,” …