Edition:
United Kingdom

Charlotte Greenfield

NZ central bank stands pat, flags more easing to combat risks to growth

5:40am BST

WELLINGTON New Zealand's central bank held interest rates steady on Wednesday but said further cuts to borrowing costs may be needed given growing economic risks at home and abroad.

NZ launches gun 'buy-back' scheme for weapons banned after Christchurch mosque attacks

20 Jun 2019

WELLINGTON New Zealand's government on Thursday launched a multimillion-dollar, six-month "buy-back" scheme to compensate owners of powerful but newly banned semi-automatic weapons prohibited in the wake of deadly attacks on two mosques in the Southern city of Christchurch.

UPDATE 1-Global dairy prices fall for third auction in a row

18 Jun 2019

* Ramped up supply hitting prices, economic woes a risk -analysts (Recasts, adds analyst comment)

Accused Christchurch gunman pleads not guilty to all charges in New Zealand court

14 Jun 2019

CHRISTCHURCH, New Zealand An Australian man pleaded not guilty on Friday to 92 charges stemming from a massacre in two mosques in the New Zealand city of Christchurch three months ago and will stand trial in May next year. | Video

New Zealand court orders government to reconsider first China extradition decision

11 Jun 2019

WELLINGTON New Zealand's Court of Appeal on Tuesday ordered the government to reassess its decision to extradite a man to China to face murder charges due to human rights risks, while Beijing called for his handover as soon as possible in the interest of justice.

Global dairy prices fall 3.4 percent at fortnightly auction

04 Jun 2019

WELLINGTON Global dairy prices sank for the second time in a row at an auction held early on Wednesday due to strong supply as prices eased off a long rally earlier in the year.

Unveiling 'wellbeing' budget, New Zealand earmarks $2.5 billion spending in slowing economy

30 May 2019

WELLINGTON New Zealand on Thursday unveiled a $2.5-billion (£1.98 billion) spending package under a much-hyped 'Wellbeing' budget, prioritising mental health and alleviating child poverty, but it expects a smaller surplus and slower economic growth over the next year. | Video

New Zealand budget leaks not deemed illegal, opposition calls for heads to roll

30 May 2019

WELLINGTON New Zealand police believe early accessing of sensitive budget information from the Treasury's website was not illegal, the department said on Thursday, in the midst of a national furore over hacking accusations in which the opposition National Party confirmed it was responsible for the access.

RPT-Beyond the numbers: Sceptics abound as NZ sets sights on first 'wellbeing' budget

29 May 2019

* Aims to move beyond traditional approach, fix social problems

Plunge in migration deepens New Zealand labor shortage, chokes businesses

28 May 2019

WELLINGTON New Zealand pub owner Chris Dickson worries his staff is overworked. He expected employment visas for two new overseas workers to be approved weeks ago, but the paperwork was delayed with no clear reason given.

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