Wellington - New Zealand’s central bank slashed its benchmark interest rate on Thursday by a record 1.5 per cent to 5 per cent, the fourth cut since July after five years with no reductions. Reserve Bank Governor Alan Bollard cited ongoing financial…
Read more about... New Zealand central bank cuts interest rate to 5 per cent - Update (EARTHtimes.org)
Wellington - Fears were rising for two Japanese climbers stranded in New Zealand’s Southern Alps for a week as appalling weather ruled out another attempt to airlift them to safety on Thursday. A bag of emergency supplies, including a radio, was drop…
Read more about... Fears rise for stranded climbers on New Zealand peak (EARTHtimes.org)
WELLINGTON: International football star David Beckham and his LA Galaxy team were greeted by hundreds of cheering fans and a traditional Maori welcome when they arrived in New Zealand on Wednesday.
Read more about... Football: Beckham’s Galaxy welcomed by New Zealand fans (Channel NewsAsia)
WELLINGTON: New Zealand’s central bank cut the official interest rate by a record 1.5 percentage points Thursday to tackle the fallout from the global financial crisis.
Read more about... New Zealand central bank slashes interest rates (Channel NewsAsia)
WELLINGTON, Dec 4 (Reuters) - New Zealand’s central bank slashed interest rates by a record 1.5 percentage points to restore the health of its economy hit by the global slowdown but said the country was already moving out of recession which would limit further cuts.
Read more about... UPDATE 3-New Zealand slashes rates to 5-year low, flags more (The Forex Market)
WELLINGTON, Dec 4 (Reuters) - The New Zealand dollar firmed marginally on Thursday after the central bank slashed rates by a record 150 basis points, as expected, but also said the domestic economy was beginning to move out of recession.
Read more about... NZ dollar holds ground after rate cut, bonds firm (Reuters via Yahoo! Malaysia News)
WELLINGTON -(Dow Jones)- New Zealand Finance Minister Bill English Thursday rejected advice the government should cut the top personal income tax rate to 30% from 39% over time, and said there’s no room to maneuver as the government books will be in the red.
Read more about... New Zealand Fin Min: Won’t Adopt Treasury Advice To Slash Income Tax To 30% (Nasdaq)
WELLINGTON -(Dow Jones)- House sales in Auckland slowed sharply in November compared with a year earlier but Thursday’s record cash-rate cut by the Reserve Bank of New Zealand should help stabilize the market, a real estate company said.
Read more about... New Zealand Auckland Nov Home Sales -38% On Year; Rate Cut Will Help Market (Nasdaq)
WELLINGTON: New Zealand’s central bank slashed interest rates by a record 150 basis points because of financial market turmoil and a markedly weaker economy and said it may cut further to speed the move out of recession.
Read more about... 04-12-2008:- New Zealand slashes rates to 5-year low, flags more (The Edge Daily)
Wellington - New Zealand’s central bank slashed its benchmark interest rate on Thursday by a record 1.5 percentage points to 5 per cent and urged commercial banks to pass along the reduction to stimulate an economy in recession. Noting that he had no…
Read more about... New Zealand central bank cuts interest rate to 5 per cent - Summary (EARTHtimes.org)
A worker at a carpet factory in Christchurch is in a serious condition after falling into a vat of acid-based chemicals and dye.
Read more about... Worker falls into vat of chemicals (Stuff)
This morning, the Hornby CIB arrested a 27 year old male from Christchurch for the aggravated robbery of three dairies over the last four days.
Read more about... Arrest For Three Dairy Robberies (Scoop.co.nz)
Queenstown and the Lakes District, the South Island’s internationally renowned tourist area, has been rated as New Zealand’s most affluent place to live.
Read more about... Queenstown most affluent place to live in NZ (NZPA via Yahoo!Xtra News)
At a time when most New Zealand retail companies are nervously watching and waiting to see how the global recession impacts on them, the Dogs Breakfast Trading Company retail chain is fast tracking the roll out of its new stores across Australasia, from its Christchurch home base.
Read more about... Dog’s Breakfast Fast Tracks New Stores (Scoop.co.nz)
Following a month’s break the New Zealand’s MX Team Honda Racing riders are refreshed and rearing to go, for the third round of the Demon Energy NZ Motocross Championships this weekend at Pleasant …
Read more about... New Zealand’s Team Honda Racing Heads Down South (Fullnoise.com.au)
The man responsible for clamping the car of a pregnant paraplegic at Christchurch’s Eastgate Shopping Centre says his employers are paid $25 commission for each vehicle they clamp.
Read more about... ‘Top dog’ Christchurch car clamper left job (Otago Daily Times)
The idea of traveling to Australia and New Zealand is often put on that someday wish list since high prices have been a long-time roadblock. Well, you can now turn someday into today, thanks to slashed prices on exotic cruises down under.
Read more about... Sail to Australia & New Zealand (MSNBC)
A judge has ordered the woman accused of hijacking an Air New Zealand plane to stand trial. Somalian immigrant Asha Ali Abdille, 34, allegedly hijacked a flight from Blenheim to Christchurch in February this year.
Read more about... Hijack accused to stand trial (TVNZ)
A depositions hearing in Christchurch has concluded that accused Asha Ali Abdille should stand trial for the hijacking of an Air New Zealand plane in Christchurch in February.
Read more about... Air New Zealand hijack accused to stand trial (The New Zealand Herald)
Damien King is taking nothing for granted. Despite leading two of the three main championship classes in this year’s Demon Energy New Zealand Motocross Championships, the 32-year-old fo…
Read more about... King taking no chances in Timaru (Fullnoise.com.au)
Nov. 4 (Bloomberg) — New Zealand Prime Minister Helen Clark , trailing in opinion polls four days b…
Read more about... Clark Prepared to Borrow to Protect New Zealand Jobs, Economy (Bloomberg)
The National Drawing Award 2008, presented by RVCA, is the third in an ongoing biennial event hosted…
Read more about... National Drawing Award Touring Across New Zealand (Scoop.co.nz)
WELLINGTON, Nov 4 (Reuters) - New Zealand new car registrations totalled 7,477 in October, up 12 per…
Read more about... NZ new car registrations up 12 pct in October - NZTA (Reuters via Yahoo! Philippines News)
Nov. 4 (Bloomberg) — The Australian and New Zealand dollars fell as U.S. stocks declined, reducing …
Read more about... Australian, New Zealand Dollars Decline as U.S. Stocks Slide (Bloomberg)
Christchurch businesses are showing their support of New Zealand Cup and Show Week by getting behind…
Read more about... Local business supports New Zealand Cup and Show (Scoop.co.nz)
WELLINGTON -(Dow Jones)- New Zealand Finance Minister Michael Cullen Tuesday said the government’s t…
Read more about... New Zealand Fin Min: 1Q Government Accounts Reflect Impact Of Global Crisis (Nasdaq)
Nov. 4 (Bloomberg) — New Zealand’s budget was in a deficit at the end of September after global fin…
Read more about... New Zealand Posts Budget Deficit as Investments Slump (Update1) (Bloomberg)
WELLINGTON: New Zealand’s political leaders stepped up their campaigning yesterday ahead of the we…
Read more about... New Zealand leaders launch final election push (Gulf Times)
WELLINGTON (AFP)–New Zealand’s political leaders stepped up their campaigning Monday ahead of the w…
Read more about... New Zealand Political Leaders Make Final Election Push (Nasdaq)
Wellington - New Zealand veterans of the 1944 Normandy landings, which were a turning point in World…
Read more about... New Zealand veterans vow to remember Normandy landings (EARTHtimes.org)
Christchurch businesses are showing their support of New Zealand Cup and Show Week by getting behind…
Read more about... Local business supports New Zealand Cup and Show (Scoop.co.nz)
World soccer governing body FIFA has expressed delight at large crowds through the first half of the…
Read more about... Kiwi crowds for U-17 women’s World Cup please FIFA (Stuff)
The Nigeria U-17 Women’s team, Flamingoes have landed in Christchurch, venue of their make-or-mar Gr…
Read more about... Nigeria: Flamingoes Arrive in Christchurch for Brazil (AllAfrica.com)
CHRISTCHURCH, New Zealand — Global engineering group, Cavotec MSL Holdings Ltd. (CCC), announces th…
Read more about... Cavotec MSL Acquires Meyerinck (Aircraft Maintenance Technology)
Press release, 3-Nov-08, Nightside Test Design, Christchurch, New Zealand: Christchurch-based test e…
Read more about... Nightside earns industry honours for sports lab (Scoop.co.nz)
Air New Zealand’s new state-of-the-art domestic terminal is being tested for the first time in Auckl…
Read more about... Air NZ rolls out new check-in (TVNZ)
(RTTNews) - Lyttelton Port of Christchurch and Port Otago, two ports on New Zealand’s South Island, …
Read more about... Two New Zealand Ports To Merge (Nasdaq)
The National Drawing Award 2008, presented by RVCA, is the third in an ongoing biennial event hosted…
Read more about... National Drawing Award Touring Across New Zealand (Scoop.co.nz)
The Vanuatu government says the guest worker scheme with New Zealand is so successful that charter f…
Read more about... Vanuatu hails NZ workers sheme (ABC Radio Australia)
As New Zealand gears up to Saturday’s election, 1.5 million households are receiving campaign leaf…
Read more about... Bin The Campaign Material (Scoop.co.nz)
The third judge to sit in the Queenstown District Court in as many months has noted the district’s d…
Read more about... Third judge notes drink-driving culture (Otago Daily Times)
BEWARE! BILLY’S BACK OUTRAGEOUS comedian BILLY CONNOLLY announces that he’s set to wreak havoc a…
Read more about... Billy Connolly — Beware! He’s Back (Scoop.co.nz)
Irish comedian Jimeoin is returning to New Zealand for a full tour, and Stuff.co.nz has a double pas…
Read more about... Win tickets to comedian Jimeoin (Stuff)
TV2 has announced the 15 towns selected to compete for the title of New Zealand’s Top Town. Twelve-m…
Read more about... Top Town entrants named (TVNZ)
Three southern towns will be among those vying for the crown of New Zealand’s Top Town while another…
Read more about... Three towns in contest (Otago Daily Times)
Teams from Queenstown and Oamaru will compete in the remake of the 1970s and 80s television show Top…
Read more about... Qtown, Oamaru make Top Town cut (Otago Daily Times)
Tomorrow sees the launch of a new global charity concept, driven by top restaurants around the count…
Read more about... Dineaid Phenomenon Launches In New Zealand (Scoop.co.nz)
Queenstown’s Shotover Jet, the world’s most exciting jet boat ride, is launching a dynamic new c…
Read more about... Shotover Jet launches new international brand (Scoop.co.nz)
Queenstown’s burgeoning television commercial industry is being squeezed by the global economic down…
Read more about... Two gang-related fights in Dunedin this month, one in the central city, are indicative of gangs doing the same old … (Otago Daily Times)
The New Zealand Open will be co-sanctioned by the Australasian Tour and the USPGA Tour’s Nationwide …
Read more about... New Zealand Open cuts European tour ties (RTÉ News)