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3 days ago | 
interest.co.nz | David Chaston |Gareth Vaughan |David Hargreaves
Here's our summary of key economic events over the weekend that affect New Zealand, with news with claims of "substantial progress" and "a deal we struck" by the Americans in their Geneva talks with China, but no indications of anything from the Chinese. Bluster from the White House doesn't count for much these days. But first in the coming week, US attention will shift to Wednesday's CPI data for April although no real surprises are anticipated.
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5 days ago | 
interest.co.nz | Angus Kebbell |Gareth Vaughan |David Hargreaves
For too long, methane has been cast as the climate villain, and agriculture, particularly livestock farming has been caught in the crossfire. But according to Frank Mitloehner, Professor and Director of the Clear Center at the University of California, Davis, we’ve been measuring and misunderstanding methane all wrong. And it’s time we changed that. “Methane is a unique gas,” Mitloehner explained in a recent interview.
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5 days ago | 
interest.co.nz | Juha Saarinen |Gareth Vaughan |David Hargreaves
Chinese household appliance maker Dreame Technology decided to kick off its New Zealand operations properly, having tested the local waters since last year. Dreame did so on Waiheke, a lovely location that can be difficult to reach when storms wreak havoc with event schedules. That is what happened, as strong winds and heavy rain caused ferry delays for the arrival of product and sales people from the big retailers wanting to check out Dreame’s new offerings for the New Zealand market.
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5 days ago | 
interest.co.nz | David Chaston |Gareth Vaughan |David Hargreaves
Here's our summary of key economic events overnight that affect New Zealand, with news all eyes are now on the expected meeting between senior Chinese and American officials who are looking for an off-ramp from the silly trade and tariff-war hostilities. Meanwhile in the US, that foreigners are avoiding travel there has been confirmed by new data that shows an historic drop in inbound travel spending.
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5 days ago | 
interest.co.nz | Greg Ninness |Gareth Vaughan |David Hargreaves
Auction activity around the country continues to decline in line with the change of seasons. Over the week of 3-9 May, interest.co.nz monitored the auctions of 252 residential properties. That was the lowest number so far this year (excluding the New Year shoulder weeks) apart from the short week in between the Easter and Anzac long weekends.
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5 days ago | 
interest.co.nz | David Chaston |Gareth Vaughan |David Hargreaves
Economy / news A review of things you need to know before you sign off on Friday; a TD rate rise, retail impulse weak, high milk payouts to extend, we may win some trade war gains, swaps stable, NZD weaker, & more 9th May 25, 3:59pm by Here are the key things you need to know before you leave work today (or if you work from home, before you shutdown your laptop). MORTGAGE RATE CHANGES No changes to report today. All rates are here. TERM DEPOSIT/SAVINGS RATE CHANGES Nelson Building Society...
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6 days ago | 
interest.co.nz | Greg Ninness |Gareth Vaughan |David Hargreaves
Inland Revenue (IRD) says it has uncovered more than $150 million in undeclared taxes from property developers and investors as a result of a crackdown on their behaviour. The taxes were mostly undeclared income tax and GST which were discovered after the Government gave IRD more money in last year's budget to beef up its compliance work.
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6 days ago | 
interest.co.nz | Dan Brunskill |Gareth Vaughan |David Hargreaves
The Treasury has released financial statements showing the first nine-month snapshot of Crown finances fully under the Coalition Government’s control. Christopher Luxon and his coalition partners took office in November 2023 but did not deliver a full Budget until May 2024, taking effect a couple of months later in July. New Zealand has yet to experience a full year of the new Government’s fiscal management.
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6 days ago | 
interest.co.nz | Jason Wong |Gareth Vaughan |David Hargreaves
Risk sentiment is higher on trade war de-escalation with a US and UK trade “framework” and President Trump providing positive signals on this weekend’s US-China trade talks and telling everyone to buy stocks. US equities are up over 1% and Treasury yields are up 10-13bps. Hopes for trade deals have supported the USD across the board and the NZD has fallen to 0.59. GBP has fallen less after the BoE delivered a hawkish cut.
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6 days ago | 
interest.co.nz | David Chaston |Gareth Vaughan |David Hargreaves
Here's our summary of key economic events overnight that affect New Zealand, with news the US Fed looks more trapped in policy choices than it has for a long time. But first up today, a US-UK trade deal was announced to great fanfare. But in fact it isn't much. Rather it is a small set of carve-outs from the previous base case: Car tariffs on British-made cars would come in at 10% rather than 27.5%, steel tariffs would go to zero and the threat of future pharmaceutical tariffs would recede.
