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March 23, 2017

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Business > Asia > New Zealand
New Zealand's strong economic growth is placing strains on the environment that threaten to undermine its "clean, green" reputation, the Organisation for Economic Co-operation and Development (OECD) warned Tuesday.
 
New Zealand's economy grew at a brisk rate of 1.1 percent in the September quarter as people spent more on traveling, eating out and recreation.
 
The world's first pizza drone delivery was claimed on Wednesday by the New Zealand division of fast food giant Domino's, as it looks to grab a slice of a potentially hot future market.
 
New Zealand's competition watchdog indicated Tuesday it will reject a proposed merger between the country's two largest media companies, saying the plan would reduce competition and stifle news coverage.
 
New Zealand economy milks clamor for Middle Earth
Peter Jackson's "Lord of The Rings" and "Hobbit" series have proved to be as precious to New Zealand's economy as any magical ring as millions flock to the country for a glimpse of Middle Earth, making tourism the main driver of growth.
 
New Zealand's central bank left interest rates at a record low of 2.0 percent Thursday but warned more cuts were likely.
 
New Zealand economy's maintained strong growth in the April-June quarter as record-low interest rates fuelled a construction boom, official data released Thursday showed.
 
New Zealand announced it was tightening rules surrounding foreign trusts Wednesday after numerous documents in the Panama Papers leak referenced the South Pacific nation.
 
New Zealand's central bank left interest rates at a record low of 2.25 percent on Thursday, although analysts predicted there could be further cuts if inflation does not rise.
 
New Zealand unexpectedly slashed interest rates to a record low on Thursday in a "shock and awe" tactic, stunning financial markets and sending the kiwi currency tumbling.
 
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