Saturday, October 1, 2011
New Zealand's credit rating has been downgraded by two of the three major ratings agencies amid increased global concern over high debt burdens in developed nations.
Tuesday, July 19, 2011
New Zealand's inflation rate hit a 21-year high in the 12 months to June, as rising fuel and food prices pushed up the cost of living, official data released Monday showed.
Friday, July 15, 2011
New Zealand's economy grew a better than expected 0.8 percent in the March quarter, despite a deadly earthquake, data showed Thursday, sending the local dollar up to a record against the greenback.
Tuesday, June 21, 2011
New Zealand Prime Minister John Key on Monday said the bill from the devastating Christchurch earthquakes had soared to NZ$25 billion (US$20.2 billion), far more than previously thought.1 Comment
Saturday, June 11, 2011
The New Zealand dollar hit a fresh high against the greenback Friday, prompting the country's central bank chief to say foreign exchange markets had misinterpreted forecasts released this week.
Friday, June 10, 2011
New Zealand's central bank left interest rates at a record low of 2.5 percent Thursday but gave an upbeat economic outlook that reported limited fallout from February's Christchurch earthquake.
Wednesday, June 8, 2011
Whizzing around with your own personal jetpack may sound like the stuff of science fiction, but New Zealand inventor Glenn Martin aims to have his “Jet Ski for the skies” on the market within 18 months.
New Zealand's government debt rose to NZ$71.6 billion (US$58.4 billion), or more than one-third of the country's gross domestic product, Treasury officials said Tuesday.
Tuesday, May 31, 2011
Strong demand for dairy products by China helped New Zealand post a record monthly trade surplus of NZ$1.1 billion (US$900 million) in April, according to official figures released Monday.
New Zealanders could not afford to be “totally xenophobic” towards Chinese investment because it has brought jobs and capital into the country, Prime Minister John Key said Monday.