Tracy Withers

S&P Global Ratings is “broadly comfortable” with New Zealand’s sovereign rating outlook, though it’s closely watching the nation’s large current-account deficit and weak economic growth.

S&P Global Ratings is “broadly comfortable” with New Zealand's sovereign rating outlook, though it's closely watching the nation's large current-account deficit and weak economic growth.

New Zealand house prices fell for a sixth straight month in August, weighed down by elevated interest rates and uncertainty over job security in a weakening economy, according to CoreLogic Inc.

Some of New Zealand's local councils are saddled with debt levels among the highest of their global peers and credit rating downgrades may be inevitable, S&P Global Ratings says.

New Zealand residential construction slid to a four-year low last quarter, in a further sign the economy may have tipped into another recession.

New Zealand power company Contact Energy has agreed to buy smaller rival Manawa Energy to create a business better able to develop the new generation the South Pacific nation requires.

New Zealand houses are taking longer to sell as high finance costs and a weak economy make buyers more cautious.

New Zealand's manufacturing industry has contracted for a record 18th consecutive month, adding to signs the economy has stalled under the weight of high interest rates.

The Reserve Bank of New Zealand Board has resolved that Governor Adrian Orr did not breach the bank's code of conduct in his row with a think tank over bank capital requirements.

The Reserve Bank of New Zealand's balance sheet has shrunk to its smallest in more than three years as the central bank continues to reduce its holdings of bonds bought during the pandemic.