Fonterra Cooperative Group wants more information from its Chinese partner Beingmate Baby & Child Food amid reports the infant formula firm didn't make sure product sourced from another supplier met its licensing conditions.
Fletcher Tabuteau was once mistaken for Winston Peters’ security detail - now, he’s filling in for him on the world stage. Tabuteau spoke to Sam Sachdeva about racking up the miles as an undersecretary, working in the shadow of Peters and Shane Jones, and his aspirations for higher office.
The New Zealand Nurses Organisation has given notice to district health boards that nurses will strike next month.
The New Zealand dollar is hovering around 69 US cents as trade war jitters continue to ramp up but attention could shift to the domestic arena tomorrow if the first quarter gross domestic product data surprises. The kiwi traded at 69.01 US cents as at 5pm in Wellington versus 68.96 US cents as at 8am in Wellington and 68.83 cents late yesterday. The trade-weighted index fell to 73.33 from 73.49.
New Zealand's organic sector has grown 30 percent over the past two years to an estimated value of $600 million, led by a 42 percent jump in organic exports, according to the latest market report published today.
The Treasury says a "first version" of its living standards framework will be ready for the government to use in Budget 2019, although it expects to see the measures it uses evolve over time.
Retirement village operators are disappointed that the select committee considering the Overseas Investment Amendment Bill did not exempt them from having to get approval before buying sensitive or residential land to build new villages.
New Zealand consumer confidence declined broadly in the June quarter as the pace of the country’s economic growth cooled along with the housing market, while fuel prices rose, according to the latest Westpac McDermott Miller consumer confidence survey.
New Zealand Refining named Mike Fuge as its new chief executive, tapping a manager with experience in renewable energy as the company seeks to engage with the government over its policy of reaching net zero carbon emissions by 2050.
New Zealand's current-account turned to a surplus in the first quarter, bolstered by the services balance as tourism remained strong.
Toyota New Zealand, the country's biggest car brand, achieved record vehicle sales in its latest financial year and generated its highest ever revenue on the back of a strong economy.
The New Zealand dollar fell below 69 US cents after US president Donald Trump said he would target US$200 billion more Chinese products for tariffs and China threatened to retaliate, ramping up concerns about a trade war that could dent global growth.
Donald Trump threatened to impose tariffs on US$200 billion of Chinese imports. China promised to retaliate. Trump said he would add another $200 billion if China did. The Kiwi dollar fell below 69 USc. David Parker agreed to exempt Singaporeans from the foreign buyers ban to allow the CPTPP to go ahead. Kris Faafoi announced plans to toughen rules on beneficial ownership and director identification. A major inquiry into a firm of private investigators used by Government agencies was launched.
Dairy product prices fell at the Global Dairy Trade auction, as whole milk powder slid amid data showing New Zealand’s processors collected record levels of milk in recent months because of improved weather conditions.
Dr Bryce Edwards of Victoria University argues the recent surge in industrial action it’s not necessarily down to the change of Government.
Nelson-based aquaculture firm New Zealand King Salmon Investments believes fish-farming in Cook Strait, using newly emerging submersible technology being developed in Norway, is the route to realising its ambitions for expansion. Pattrick Smellie from Business Desk reports.
The government's directive to the Overseas Investment Office to raise the bar in overseas applications to buy sensitive New Zealand land has scared away tens of millions of dollars in investments in rural property and will hurt farm values, real estate firms say. Jonathan Underhill from BusinessDesk reports
An official inquiry into Government use of private investigators has been expanded to include the entire state sector, after revelations of more ties between agencies and the firm.
The Government has carved Singapore out of its foreign buyers ban, in a move that will ease strained relations between the two countries. Sam Sachdeva reports.
It's cold, wet and windy today in Wellington for what seems like the umpteenth day in a row.
Here are my pick of the links to news on the political economy from other news sites on Wednesday.
In what sounds like the plotline of a Hollywood movie, a man accused of importing cocaine escaped custody after a string of blunders by the Customs service. Shane Cowlishaw reports.
The New Zealand Superannuation Fund's board has appointed Matt Whineray as chief executive, a role he has been acting in since March after Adrian Orr left the job.
The New Zealand dollar jumped about a quarter of an Australian cent, extending recent gains against its trans-Tasman counterpart, as investors were spooked by US President Donald Trump escalating his trade war with China.
New Zealand sheep farmers, whose fortunes in recent years have been overshadowed by their dairy farmer colleagues, are having a strong season with lamb prices approaching record levels, according to AgriHQ's Monthly Sheep & Beef report for June.
The Government has bowed to pressure from developers and offered an exemption to the foreign buyers ban.
Dairy product prices are expected to slip at the Global Dairy Trade auction overnight amid a pick-up in supply, even as global trade tensions appear to benefit demand for New Zealand dairy products.
Deutsche Craigs is seeking bids for the 24.8 million shares, or a 9.03 percent stake, in Pushpay Holdings that co-founder Eliot Crowther is looking to sell.
New Zealand Refining has named Mike Fuge as its new chief executive, tapping a manager with experience in renewable energy as the company seeks to engage with the government over its policy of reaching net zero carbon emissions by 2050.
New Zealand milk processors collected record levels of milk in the last two months of the 2017/18 season as favourable weather boosted pasture growth, helping make up for trying conditions during the spring and early summer.
The New Zealand dollar rose to the highest level in more than six weeks against its Australian counterpart on expectations the Australian economy will be harder hit by any slowing in China's growth.
A nurses strike looms within a fortnight unless the Government can either stonewall unions in final negotiations or relax its fiscal pursestrings a bit. The Government has relented slightly on its foreign buyers ban, allowing foreigners to hold on to new apartments and hotel units they provide the capital to build. But rest home operators and wine companies missed out on the exemptions they hoped for.
Developers of multi-storey apartment blocks and hotels will be able to invite in foreign buyers again under changes to the Government's foreign buying ban law. Conveyancers also dodged a bullet and telcos got an exemption, but retirement village operators failed to win the exemption they hoped for. Nikki Mandow looks at the winners and losers in the select committee's changes to the Overseas Investment Amendment bill.
Nurses and teachers are pushing the Labour Government for massive pay increases, but the Government is rejecting their claims on the grounds of being fiscally responsible -- for now. Thomas Coughlan reports.
Police have released emails showing the steady stream of media enquiries they received about false allegations involving Prime Minister Jacinda Ardern’s partner Clarke Gayford - and the pressure they felt under to respond.
This week in the political economy in the week ahead...
Who would have been an Australian sports fan over the weekend. Their rugby team was beaten by Ireland. Their football team was beaten by France. Their cricket team was beaten by England. As Donald Trump might say: so sad...
Here are my pick of the links to news on the political economy from other news sites on Tuesday.
Deputy Prime Minister Winston Peters doubled down on last week's New Zealand First party attacks on the performance and leadership of Fonterra, saying the country's largest business was costing the economy more than $2 billion from food safety and animal welfare scares.
Foreign buyers will still be able to buy homes in New Zealand, if recommendations by the Finance and Expenditure select committee are adopted.
Economists have shaved a few basis points off their forecasts for New Zealand economic growth in the next two years even while forecasting stronger wage pressures, according to the NZIER Consensus Forecasts.
Economic Development Minister David Parker based his criticism of the ANZ Bank's business confidence survey on comments attributed to the bank's former chief economist Cameron Bagrie, who now runs his own consultancy.
Bunnings, the hardware chain owned by Australia's Wesfarmers, will pay more than $11 million to 12,235 New Zealand past and current employees after identifying mistakes in implementing the Holidays Act 2003.
The New Zealand dollar fell as China responded to US tariffs by imposing its own trade levies on US$34 billion of US goods, unsettling markets and weighing on commodities.
Donald Trump launched US$50 billion of new tariffs against technology imports from China. Beijing retaliated immediately with tariffs on US$50 billion worth of US beef and poultry imports. Simon Bridges announced he wanted a bi-partisan approach on climate change, but did not commit to a carbon neutral target and said he would not accept "extreme" policies that increased household costs unnecessarily or damaged the economy.
Technology columnist Richard MacManus takes a deeper look at the opportunities in China for New Zealand technology companies and finds we have a few advantages.
After years of discussions, the European Union is officially launching trade deal negotiations with New Zealand. EU Trade Commissioner Cecilia Malmstrom is headed to New Zealand this week, and spoke to Sam Sachdeva ahead of her visit about what the EU will get out of the deal - as well as the shaky state of international trade.
The Government has announced a levy for international tourists, but has also snuck in a proposal that would increase costs for New Zealand citizens as well. Shane Cowlishaw reports.
The viticulture industry is crying foul over new overseas investment rules, claiming it is unfair forestry is being given special treatment
The MPR Raccoon story is the gift that just keeps giving.
Here are my pick of the links to news on the political economy from other news sites on Monday.