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Reserve Bank governor Adrian Orr said the market needs to be "more comfortable" with expansionary monetary policy if businesses keep looking backward when setting prices, but acknowledged the bank could get caught behind the curve.

New Zealand's manufacturing activity accelerated in April, bouncing back from a lull in the first three months of the year, as a pick up in building intentions stoked production among building materials companies.

It’s far from clear that the Government’s dairy industry review announced this week will really get to grips with the sector’s opportunities and challenges, let alone recommend legislative and policy change that will help it with its next great phase of development.

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The New Zealand directors of subsidiaries of the 'big four' Australian banks have been put on notice by the new Reserve Bank of New Zealand governor to ensure they are acting in New Zealand's interests and in tune with New Zealand's banking culture, not that of their parents across the Tasman, reports Lynn Grieveson.


Emails released to Newsroom under the Official Information Act suggest taxpayer-funded spying probably took place at a public meeting of Christchurch earthquake victims in 2014. David Williams reports.

The Advertising Standards Authority recently released the amount of advertising revenue generated last year in New Zealand. Traditional media is struggling but as Mark Jennings reports, there are a few bright spots.

Reserve Bank Governor Adrian Orr has said that New Zealand’s foreign currency settings were at the right level given that New Zealand's terms of trade were at record highs. His comments represent a significant shift from previous Governors, who have often noted the currency's strength.

Finance Minister Grant Robertson has used his pre-Budget speech to announce a fresh belt tightening exercise by his ministers and has indicated a tax revenue windfall over the last six months is more likely to be used on extra operational spending than extra capital spending when he delivers Budget 2018 next Thursday.

US President Donald Trump is not a model in diplomacy, and neither are his diplomats. Hours after receiving his credentials, new American ambassador to Germany Richard Grenell tweeted the following.

The Reserve Bank has left the official cash rate or OCR at 1.75 percent for the tenth consecutive decision. In a statement this morning the RBNZ said it expected the rate to stay at 1.75 percent for “some time to come”, with the risks of either cuts or increases evenly balanced.


The Government could roll out public private partnerships to fund infrastructure projects across Auckland and Wellington, Transport Minister Phil Twyford and Finance Minister Grant Robertson said today after the surprise launch of a plan for light rail lines in Auckland that could be funded by a New Zealand Superannuation Fund-led consortium.

That Donald Trump has upended the world of diplomacy is not up for debate. Yet the New Zealand embassy’s decision to engage a US lobbying firm with no prior foreign experience raises questions about the state of our affairs in Washington, as Sam Sachdeva writes.

The polytechnic sector is on the brink of collapse, fighting against low unemployment and a voracious private market. How did things get so bad, and is there a way back for our polytechs? Shane Cowlishaw reports.


Foreign Affairs Minister Winston Peters has unveiled a nearly $1 billion boost for the Government’s foreign policy and international aid budget, arguing the funding is crucial for New Zealand’s security after a decade of underfunding.

Finance Minister Grant Robertson has indicated that billions of dollars has been unlocked for this Budget and subsequent Budgets because a growing economy and various policy tweaks have given the Government $2.3 billion a year of headroom, and nominal GDP is growing quickly.

Former spy minister Chris Finlayson has thrown government officials under the bus for a blunder which deprived Kiwi spooks of visual surveillance tools, saying they would have been to blame had a terrorist attack occurred.

Treasury reported the Government's surplus was $910 million better than expected in the nine months to March 2018, largely because solid economic growth drove higher corporate tax receipts, higher income taxes and higher GST receipts. Treasury said tax revenues were $1.1 billion better than it forecast in December and this was expected to hold for the rest of the financial year.

A chance Washington encounter between a Kiwi diplomat’s Labrador and a US lobbyist with Donald Trump’s phone number made headlines around the world. It led to a six-month, $250,000 relationship - but did New Zealand know what we were getting ourselves into?


Social Development Minister Carmel Sepuloni has announced the Government is seeking the views of the public and NGOs on how it uses people’s data to target spending with what the previous Government called a 'social investment approach'.

The Ministry of Social Development has declared a seasonal labour shortage across the Bay of Plenty in a bid to find at least 1,200 people to pick and pack the remainder of this year's kiwifruit harvest, tipped to be around 19 percent, or 20 million trays, higher than a year earlier.