New Zealand withdraws bill allowing 16-year-olds to vote in local body elections
By Lucy Craymer WELLINGTON (Reuters) – The New Zealand government on Friday withdrew a bill that would have allowed sixteen year olds to vote in local government elections if it had passed.…
Blinken says door open for New Zealand to engage on AUKUS
By Lucy Craymer and Renju Jose WELLINGTON (Reuters) -U.S. Secretary of State Antony Blinken said on Thursday the door was open for New Zealand to engage with the AUKUS weapons development and…
New Zealand justice minister quits after being charged following car crash
(Reuters) – New Zealand’s justice minister resigned on Monday after being arrested in relation to a car crash the previous day, the fourth minister to quit the cabinet in as many months…
New Zealand Q2 CPI rises 1.1%, slightly faster than expected
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s consumer inflation came in slightly above expectations in the second quarter, driving swap rates higher as the market pushed out expectations for when the…
New Zealand 2nd qtr business confidence continues to improve but still downbeat –think-tank
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s business confidence in the second quarter continued to pick up from low levels but firms remain downbeat, a private think tank said on Tuesday.…
Analysis-New Zealand, in recession and heading to polls, goes pragmatic on China trade
By Lucy Craymer WELLINGTON (Reuters) – New Zealand Prime Minister Chris Hipkins trod a careful line on his first trip to China last week as leader, focusing on trade and economic opportunities…
New Zealand passes law guaranteeing bank deposits up to NZ$100,000
SYDNEY (Reuters) – New Zealand passed a law on Thursday guaranteeing bank deposits up to NZ$100,000 ($60,770), a move it said would strengthen and protect its financial system. The Deposit Takers Bill…
New Zealand business confidence improves in June- ANZ survey
SYDNEY (Reuters) – New Zealand’s business confidence improved in June, hitting the highest read since November 2021, while expected own activity moved to positive territory for the first time in 14 months,…
For New Zealand exporters, China both a target and a risk
By Lucy Craymer WELLINGTON (Reuters) – As New Zealand Prime Minister Chris Hipkins prepares to lead a trade delegation to China seeking greater access for both the country’s primary exports and emerging…
Man with axe attacks Chinese restaurants in New Zealand, injuring four
By Lucy Craymer WELLINGTON (Reuters) – A man wielding an axe entered three Chinese restaurants on Monday night in New Zealand’s largest city Auckland, sending four people to hospital, authorities and local…
New Zealand to investigate profitability, competition at banks
SYDNEY (Reuters) – New Zealand said on Tuesday it would examine the profitability of the country’s banks and investigate whether competition in the sector was working well for consumers. The banking sector…
New Zealand must free up land, expand housing supply to ease home affordability – IMF
By Lucy Craymer WELLINGTON (Reuters) – New Zealand needs to keep increasing the supply of houses to address housing affordability, which is still a concern, the International Monetary Fund said on Wednesday,…
IKEA stores owner Ingka starts on first New Zealand store
By Marie Mannes STOCKHOLM (Reuters) – IKEA stores owner Ingka group has announced the official start of work on its delayed first store in New Zealand, which it predicts will be followed…
New Zealand consumer confidence flat in May -ANZ-Roy Morgan
SYDNEY (Reuters) – Consumer confidence in New Zealand was flat in May compared with the prior month and remained very subdued as consumers remained under pressure amid high inflationary pressures, ANZ-Roy Morgan…
New Zealand banks move to processing payments seven days a week
WELLINGTON (Reuters) – The majority of New Zealand bank customers will be able to send and receive local payments seven days a week, starting on Friday, the local payments overseer said. Payments…
New Zealand Q2 average 1-yr inflation expectations ease to 4.28% – central bank survey
WELLINGTON (Reuters) – New Zealand’s near-term rate of inflation is expected to continue to ease over the coming two years, a survey showed on Monday. The Reserve Bank of New Zealand’s (RBNZ)…
Zealand, Boehringer’s drug meets main weight-loss goal in mid-stage trial
By Ludwig Burger FRANKFURT (Reuters) – Zealand Pharma and partner Boehringer Ingelheim said their experimental obesity drug achieved up to 14.9% weight loss after 46 weeks in a mid-stage trial, adding a…
New Zealand committed to cutting spending, PM Hipkins says
By Lucy Craymer WELLINGTON (Reuters) – The New Zealand government is committed to reducing spending even though severe weather events earlier this year caused asset damage of roughly NZ$9 billion ($5.51 billion)…
New Zealand ships its last livestock as ban takes effect
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s last exports of livestock by sea have been completed and live exports have ceased, its agriculture minister said on Friday, as it fully implemented…
New Zealand intelligence service says foreign interference attempts ‘persistent’
By Lucy Craymer WELLINGTON (Reuters) – Attempts by some countries to interfere with New Zealand’s democracy, economy and civil society “are persistent”, according to New Zealand Security Intelligence Service’s (NZSIS) annual report.…
Spark New Zealand to invest up to $189 million in data centres over three years
(Reuters) – Telecommunication firm Spark New Zealand said on Wednesday it will invest more in data centres and its 5G business over the next three years as part of a new strategy.…
New Zealand Business Confidence largely unchanged – ANZ
WELLINGTON (Reuters) – New Zealand’s business confidence was largely unchanged in March as firms are wary but hanging in there, ANZ Bank said in a note on Tuesday accompanying its business confidence…
New Zealand regulator warns Vanguard over greenwashing notice
(Reuters) – New Zealand’s financial markets regulator issued a warning to U.S. fund giant Vanguard Group on Wednesday for failing to disclose details within the required time over infringement notices filed against…
Rebounding New Zealand tourism is a rare bright spot for its economy
By Lucy Craymer WELLINGTON (Reuters) – When cruises started taking bookings at the end of the COVID-19 pandemic, Australians Eunice and John Rowley quickly made plans for their first ever visit to…
New Zealand house prices fall in February as economic headwinds continue
WELLINGTON (Reuters) – New Zealand house prices continued to fall on the prior month as ongoing headwinds and the impact of Cyclone Gabrielle continues to weigh, the Real Estate Institute of New…
New Zealand government to boost financial support for 1.4 million people
By Lucy Craymer WELLINGTON (Reuters) – The New Zealand government is boosting financial support for around 1.4 million citizens as it tries to offset three-decade high inflation ahead of the country’s election…
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