Tuesday, September 22, 2015
New Zealand dairy giant Fonterra announced a further 227 job losses Monday in a bid to remain competitive in "challenging market conditions," as global dairy prices plummet and mainland Chinese demand continues to wane.
As Chinese grew wealthier while their economy raced ahead, dairy farmers more than 6,000 miles away in verdant New Zealand felt like they'd won the lottery.
Friday, September 11, 2015
New Zealand snipped a further 0.25 percentage points off interest rates on Thursday, the third reduction this year, with the central bank suggesting further easing was likely in coming months.
Friday, August 14, 2015
New Zealand's largest coal miner was forced into a managed bankruptcy Thursday due to a steep fall in coal prices over several years.
Friday, June 12, 2015
New Zealand cut interest rates for the first time in more than four years on Thursday amid near-stagnant inflation and a slump in prices for its all-important dairy exports.
Friday, May 22, 2015
New Zealand confirmed Thursday it had failed to meet a pledge to deliver a budget surplus this year, although Finance Minister Bill English insisted the government's books were on the right track.
Friday, October 31, 2014
New Zealand's central bank left interest rates unchanged at 3.5 percent on Thursday and analysts said plans for further hikes appear to have been scrapped due to lower-than-expected inflation figures.
Tuesday, September 30, 2014
The New Zealand dollar sank Monday after the central bank disclosed it conducted its biggest sell-off of the currency in seven years to lower an exchange rate that is squeezing exporters.
Friday, June 20, 2014
Building work in quake-damaged Christchurch helped drive New Zealand's economy to its fastest rate of growth in more than six years, according to figures released Thursday.
Friday, May 16, 2014
New Zealand Thursday delivered its first budget surplus in six years, producing a family-friendly document ahead of a general election later this year.