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WEBDepartment store Myer will close the majority of its Sass & Bide boutiques, including its New Zealand store in Newmarket. Myer will close 10 Sass & Bide stores by October 6, leaving four Australian standalone stores open. A spokesperson for Myer would not say how many jobs would be affected by the Newmarket closure.
Will the RBNZ follow the Fed with a 50bp cut next month?
WEB5 hours ago · WATCH: Jonathan Mitchell speaks with Kim Mundy. The RBNZ could bake in a chunkier 50 basis point cut next month, with further evidence of a subdued economy and the inflation retreat, economists say. Yesterday, Statistics New Zealand data showed the economy contracted 0.2% in the June quarter, following …
Govt’s work on sustainable finance taxonomy moves to next phase
WEB17 hours ago · NBR Staff Thu, 19 Sep 2024. The Government is working on a sustainable finance strategy to help New Zealand be an attractive and competitive place for investors focused on sustainable investment. Climate Change Minister Simon Watts said that, to ensure the strategy was credible, the Government was partnering with the Centre.
New Zealand avoids technical recession – just
WEB22 hours ago · Manufacturing was a bright spot in the June GDP data. Jonathan Mitchell Thu, 19 Sep 2024. New Zealand has escaped another technical recession by the smallest of margins. Statistics New Zealand GDP data out today showed the economy fell 0.2% in the June quarter, while the March quarter was revised from 0.2% expansion to …
More transparency recommended for infrastructure spending
WEB1 day ago · The finance and expenditure select committee is considering a report on decision-making around infrastructure investments. Brent Edwards Wed, 18 Sep 2024. The idea of setting up an independent body to scrutinise fiscal policy has again been raised during consideration of the Auditor-General’s critical …
Rural confidence improves as inflation and interest rates fall
WEB2 days ago · Rabobank survey highlights greener pastures for the country's farming sector in positive territory since late 2021. Farm confidence improved to a net positive reading of +3%, from -25% in the previous survey. Farmers are the most upbeat they’ve been in nearly three years, as higher commodity prices and lower interest rates put the rural ...
Finance - National Business Review
WEBSep 2, 2024 · Kiwibank ready to beef up Big Four fight and improve competition. The bank reported a record profit of $202 million, with broad lending growth across the business. Jonathan Mitchell Thu, 22 Aug 2024. Finance. 3.
General Business
WEBDeveloper behind waste pyrolysis trial wants to keep it quiet. A six-month trial has been conducted in the Bay of Plenty after two similar applications got called in by the Government at resource consent stage. Fiona Rotherham Mon, 09 Sep 2024. General Business. 3.
The state of it: who’s who in NZ infrastructure
WEBMain players: The Government and Opposition, local councils, infrastructure firms, Infrastructure Commission, Downer, Craig West, Beca, Amelia Linzey, Fulton Hogan, Civil Contractors New Zealand, Alan Pollard, PwC, Natalie McClew, Chorus, Mark Aue. New Zealand’s infrastructure sector has many moving parts and …
Inflation falls to 4.7%; domestic prices remain sticky
WEBJan 24, 2024 · What’s at stake: Whether the RBNZ needs to hike the official cash rate again in 2024 because of stubborn inflation pressures. Background: Stats NZ data out today showed annual inflation fell to 4.7% in the year to December. The central bank kept the OCR at 5.5%, as widely expected, in November.But it said it had a ‘willingness’ to hike again, if needed this year.
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