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Thanks for nothing, America
The Country

Thanks for nothing, America

COMMENT: Taking Donald Trump at his word, his election heralds a trade war, a recession, and a setback for climate change efforts.

Dairy plunge drives commodity index down
Dairy

Dairy plunge drives commodity index down

The retreat in export commodity prices turned into a rout last month. ANZ's commodity price index fell 11.2 per cent, its steepest monthly decline, to a six-year low.

Confidence slumps to a three-year low
Dairy

Confidence slumps to a three-year low

Business confidence has fallen to a three-year low, led by regions like Waikato, Canterbury and Southland particularly exposed to the dairy sector.

Rate cut done deal, experts say
Dairy

Rate cut done deal, experts say

A second interest rate cut by the Reserve Bank next month is now a done deal and a third is increasingly on the cards before the year is out.

Current account deficit hits $8.6b
Dairy

Current account deficit hits $8.6b

New Zealand earned $8.6 billion less from the rest of the world through trade and investment in the year to March than the rest of the world earned from us.

GDP slowdown tipped
Dairy

GDP slowdown tipped

Economists expect the pace of economic growth to have slowed when the March quarter national accounts are released on Thursday.

Dairy prices push index down
Dairy

Dairy prices push index down

Tumbling dairy prices dragged ANZ's commodity price index 7.4 per cent lower last month and a stronger New Zealand dollar amplified the decline.

Terms of trade fall 1.9%
The Country

Terms of trade fall 1.9%

New Zealand's export dollar does not stretch as far as it did, after the terms of trade fell 1.9 per cent in the last three months of 2014.

Trade import, export imbalance widens
Dairy

Trade import, export imbalance widens

New Zealand's trade accounts were in the red for the sixth month in a row in December, imports exceeding exports by $159 million or 3.6 per cent.

Rate rise date drifts further out
Dairy

Rate rise date drifts further out

The Reserve Bank still sees interest rate increases in our future, but fewer and further away than it thought three months ago.

TPP boost for NZ could be $1b - US
The Country

TPP boost for NZ could be $1b - US

A Trans-Pacific Partnership (TPP) agreement could boost New Zealand's agricultural exports to the other partner countries by up to 13 per cent by 2025, the United States Department of Agriculture....

Low dairy prices depress index
Dairy

Low dairy prices depress index

ANZ's commodity price index fell for the ninth month in a row in November, as milk powder prices hit five-year lows.

Terms of trade picked to fall further
Dairy

Terms of trade picked to fall further

Falling dairy prices have begun to undermine one of the foundations of the economic upswing, rising national income from the most favourable terms of trade.

Dollar fall softens commodities slip
Dairy

Dollar fall softens commodities slip

World prices for a basket of New Zealand's export commodities fell 1.3 per cent last month, with dairy products once more leading the decline.

Reserve Bank sells $521m to lower dollar
The Country

Reserve Bank sells $521m to lower dollar

The New Zealand dollar dropped against the greenback yesterday afternoon after the Reserve Bank released data which confirmed that it had put its money where its mouth was last month, selling $521 million in a bid to push the exchange rate lower.

Trade balance back in black
Dairy

Trade balance back in black

Surging dairy exports to China have pushed the annual trade balance into surplus for the first time in nearly two years.

Hong Kong hotline gets hundreds of calls
Dairy

Hong Kong hotline gets hundreds of calls

More than 80,000 cans of suspect infant formula have been recalled in Hong Kong and a hotline set up by the city's authorities has been fielding hundreds of calls.

Dairying leads export price surge
Dairy

Dairying leads export price surge

Led by dairy products, prices for export commodities surged last month - and this time the rise in world prices was not eaten up by a higher exchange rate.

$1b drought hit tipped for economy
The Country

$1b drought hit tipped for economy

Drought is likely to shave 0.5 per cent off gross domestic product by the end of the year and take a toll on next year's output as well, says ANZ bank.

Terms of trade drop to 2010 levels
Dairy

Terms of trade drop to 2010 levels

Exports fell in the last three months of 2012 in real terms and the impact has been compounded by a decline in what we can buy, by way of imports, for a given quantity of exports.