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.
Friday, May 20, 2011
New Zealand's government Thursday unveiled a bleak annual budget that forecasts a record deficit following a devastating earthquake earlier this year.
Wednesday, May 18, 2011
Prime Minister John Key has vowed to shore up government finances hit by the devastating Christchurch earthquakes in the New Zealand budget rather than making big-spending pre-election promises.
Thursday, May 12, 2011
New Zealand's financial system is positioned to support economic growth, but still faces a volatile and uncertain environment, the central bank said Wednesday. In his latest financial stability report, Reserve Bank of New Zealand governor Alan Bollard said the global economic recovery had become broader, and strong growth in Asia supported commodity producers like New Zealand.
Wednesday, May 11, 2011
The earthquakes that struck New Zealand in September and February will eat up about 7.5 percent its GDP, more than the cost of the recent disaster in Japan on Tokyo's economy, the International Monetary Fund (IMF) said Monday.
Friday, May 6, 2011
New Zealand's unemployment rate edged down 0.1 points to 6.6 percent in the January-March quarter, as the labor market showed signs of improvement, official data showed Thursday.