Zealand

New Zealand has suspended all poultry exports after the first case of bird flu was confirmed at an egg farm in the South Otago region. Exports of poultry products worth about NZ$190 million (US$112 million) a year will be halted until…

New Zealand's labor market slowed slightly in Q3 2024, with employment falling by 0.5% quarter-on-quarter (versus an expected 0.4% decline) and the unemployment rate rising from 4.6% to 4.8%. The labor force participation rate also…

Do you want to pick someone up for a flight at Dunedin Airport in New Zealand? Officials want you to be quick about this. The airport has drawn attention with a new series of signs limiting hugs in the landing area to three minutes. If…

New Zealand's quarterly CPI reading came in slightly weaker than expected at 0.6% versus 0.7% in the second quarter of 2024, bringing the annual inflation reading down from 3.3% to 2.2% - within the central bank's target range of 1-3%. …

BNZ - BusinessNZ Services Performance Index for September 2024 remains in contraction at 45.7August was 45.5Seven consecutive months of contraction BNZ Chief Economist Doug Steele:“Moves in the PSI sub-indices were mixed in…

Investing.com - The New Zealand dollar fell after the Reserve Bank of New Zealand cut interest rates earlier this week, and UBS expects the currency to fall further against the US dollar. The Reserve Bank of New Zealand cut its policy rate…

There are a series of calls for a 50 basis point cut in interest rates for the RBNZ meeting next week:TD Bank expects to cut its interest rate by 50 basis points next week as well, but added that they expect the same size of cut at the…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

For the New Zealand dollar, the index rose 1.5% on a monthly basis as the NZD Trade Weighted Index fell 0.7%.As part of this report, ANZ covers global shipping rates:Global freight rates remain high as ships continue to avoid the Suez Canal…

Previous month -17.0% revised from -13.8%)Building permits for July 26.2%The rise is the largest since May 2020. The decline in recent months has been the largest since February 2021.If we look at history, the fluctuations are very…