11 Updates
New Zealand posts trade surplus
Photo Credit: Phil Walter, Getty Images

New Zealand posts trade surplus

Jul 24 2013, 3:34am CDT | by IANS

Wellington, July 24 (IANS) New Zealand posted a surprise trade surplus last month as a drop in petroleum and petroleum products imports offset a fall in the value of exports, the government statistics agency announced Wednesday.

Wellington, July 24 — New Zealand posted a surprise trade surplus last month as a drop in petroleum and petroleum products imports offset a fall in the value of exports, the government statistics...

Filed under: news

YouTube Videos

 
 
 

1 year ago

New Zealand posts trade surplus

Jul 24 2013, 3:34am CDT | by IANS

Wellington, July 24 (IANS) New Zealand posted a surprise trade surplus last month as a drop in petroleum and petroleum products imports offset a fall in the value of exports, the government statistics agency announced Wednesday.

Wellington, July 24 — New Zealand posted a surprise trade surplus last month as a drop in petroleum and petroleum products imports offset a fall in the value of exports, the government statistics agency announced Wednesday.

Export values in June fell by 161 million NZ dollars ($128.29 million), or 3.9 percent, compared with June 2012, and imports decreased 286 million NZ dollars, or 7.4 percent, leaving a trade surplus of 414 million NZ dollars, or 10 percent of exports, reported Xinhua.

Petroleum and products imports fell by 25 percent, or 186 million NZ dollars, from June last year, led by falls in diesel and crude oil.

Meanwhile, export values of milk powder, butter, and cheese fell 139 million NZ dollars, or 14 percent, to 838 million NZ dollars, with quantities down 26 percent.

China showed the largest increase in exports, up 106 million NZ dollars, or 18 percent, led by frozen lamb cuts and pine logs.

The value of exported goods fell 4.7 percent to 11 billion NZ dollars in the June quarter, following a rise of 0.4 percent in the March quarter, according to Statistics New Zealand.

"Dairy and meat exports led the fall, with values and quantities down for both," industry and labour statistics manager Louise Holmes-Oliver said in a statement.

The value of imported goods increased 1 percent to 11.6 billion NZ dollars in the June quarter, leaving a trade deficit of 669 million NZ dollars, or 6.1 percent of exports, following a deficit of 14 million NZ dollars for the March quarter.

IANS

Source: IANS

 
Update
11

14 hours ago

Nicol in cruise control in Glasgow

Jul 25 2014 2:00pm CDT | Source: The Nation - Pakistan

20th Commonwealth Games - Day 2: Squash
GLASGOW - Malaysia's world number one Nicol David cruised into the quarter-finals of the women's squash at the Commonwealth Games on Friday with a three-game victory over New Zealand's Megan Craig. David, the world's top player since 2006, made it through to the last eight with an 11-7, 11-6, 11-5 win. "It was good to be out there playing better squash. Megan has been playing we ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
10

14 hours ago

Rowsell breaks Aussie, Kiwi pursuit grip

Jul 25 2014 2:00pm CDT | Source: The Nation - Pakistan

British Road Cycling Championships - Time Trial
GLASGOW - Joanna Rowsell won England's 20th gold medal in Commonwealth Games track cycling by shattering Australia's and New Zealand's dominance of the women's 3000m individual pursuit on Friday. The 25-year-old finished nearly four seconds ahead of Australia's Annette Edmondson in the Sir Chris Hoy Velodrome with Amy Cure also of A ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
9

1 day ago

Sydney teen falls 10m from balcony

Jul 24 2014 8:16pm CDT | Source: The Daily Telegraph

Queenstown Sevens
A Sydney teenager had been drinking alcohol before falling 10m from a hotel balcony in the New Zealand ski resort cit ...
Source: The Daily Telegraph   Full article at: The Daily Telegraph
 

 
Update
8

2 days ago

New Zealand Raises Eyebrows

Jul 24 2014 12:37am CDT | Source: WSJ.com: Asia Home

"NEWSical The Musical" VIP Party
The New Zealand central bank's decision to raise interest rates was largely anticipated by the markets. Its stance on the soaring local currency, th ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
Update
7

2 days ago

RBNZ Says NZD Headed for Fall and Hints at Pause in Hiking Cycle, Sending Currency to Multi-Week Lows

Jul 23 2014 10:13pm CDT | Source: IBTimes UK

New Zealand Warriors Training Session
NZ central bank raises OCR by 25 basis point to 3.5% but hints at period of pause before further hikes. ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 
Update
5

2 days ago

New Zealand Central Bank Raises Benchmark Interest Rate To 3.5%

Jul 23 2014 4:08pm CDT | Source: Business Insider

Reserve Bank Makes Cash Rate Announcement
The Reserve Bank of New Zealand just raised interest rates. The RBNZ raised its benchmark interest rate to 3.5% from 3.25%. Here's the full statement from the central bank: Statement issued by Reserve Bank Governor Graeme Wheeler: The Reserve Bank today increased the Official Cash Rate (OCR) by 25 basis points to 3.5 percent. New Zealand’s economy is expected to grow at an annual pace of 3.7 percent over 2014. Global financial conditions remain very accommodative and are reflected in ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
4

2 days ago

Mauro Zarate Eases Andy Carroll Injury Fears for West Ham United

Jul 23 2014 10:21am CDT | Source: IBTimes UK

Celebrity Chef Jeff Mauro And 300 Sandwiches Stepahnie Smith Host The Ultimate Sandwar To Benefit American Cancer Society at Red Stixs
The Argentine opens his Hammers account in N ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 
Update
3

3 days ago

Prince George Turns 1: A Glamorous Year In The Life Of The Royal Baby

Jul 22 2014 1:43pm CDT | Source: Business Insider

Will.I.Am Performs Live In Sydney
Prince William and Kate Middleton's first born son, Prince George of Cambridge, arrived to a media frenzy exactly one year ago today. And what a year it's been! The royal baby has already hobnobbed with dignitaries and traveled the world, visiting zoos everywhere from New Zealand to London. See where Prince George's travels have taken him and how he has grown throughout the year.On July 22 ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
2

3 days ago

Newcastle United players and supporters pay tribute to life-long fans lost on MH17

Jul 22 2014 7:20am CDT | Source: Daily Express

Malaysia Airlines Passenger Jet Crashes In Eastern Ukraine
PLAYERS and fans today paid tribute to two Newcastle United fans who died on Malaysia Airlines flight MH17 on their way to watch their bel ...
Source: Daily Express   Full article at: Daily Express
 

 
Update
1

4 days ago

China Opens Door to New Zealand's a2 Milk

Jul 22 2014 12:27am CDT | Source: WSJ.com: Asia Home

Judith Collins Still Under Heat Over 2013 Trip To China
a2 Milk Company has become the latest New Zealand dairy firm to be permitted to sell products in China again after hundreds were banned from doing so earlier this yea ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

WHO opens Ebola response centre in Guinea
Conakry (Guinea), July 26 (IANS/WAM) The World Health Organisation (WHO) has opened a Sub-regional Outbreak Coordination Centre in here after continuing reports of new cases and deaths attributable to Ebola virus disease (EVD) in Guinea, Liberia, and Sierra Leone.
 
 
Walking speed may detect Alzheimer's risk
New York, July 26 (IANS) How fast people walk and whether they have memory complaints can help predict dementia early, researchers have found.
 
 
Finnish firm to launch smartphone in India
Helsinki, July 26 (IANS) Finnish smartphone maker Jolla has announced that it will enter the Indian market with its Sailfish OS smartphone next month.
 
 
New EU guidelines to put cancer research at risk: Experts
London, July 26 (IANS) The proposed EU General Data Protection Regulation could make cancer research impossible and add a significant burden to cancer patients, the European Society for Medical Oncology (ESMO) has said.
 
 
 

Latest from the Network

WHO opens Ebola response centre in Guinea
Conakry (Guinea), July 26 (IANS/WAM) The World Health Organisation (WHO) has opened a Sub-regional Outbreak Coordination Centre in here after continuing reports of new cases and deaths attributable to Ebola virus...
Read more on Business Balla
 
Walking speed may detect Alzheimer's risk
New York, July 26 (IANS) How fast people walk and whether they have memory complaints can help predict dementia early, researchers have found. Alzheimer's disease is the most common type of dementia. The new test...
Read more on Business Balla
 
Finnish firm to launch smartphone in India
Helsinki, July 26 (IANS) Finnish smartphone maker Jolla has announced that it will enter the Indian market with its Sailfish OS smartphone next month. The company has entered into a partnership with Indian e-commerce...
Read more on Apple Balla
 
CPL: Tridents stumble to victory as Hawksbills slide continues
Bridgetown (Barbados), July 26 (IANS/CMC) Barbados Tridents managed to complicate a simple run chase before pulling off a one-wicket victory in the last over, to send Antigua Hawksbills crashing to their fifth straight...
Read more on Sport Balla
 
New EU guidelines to put cancer research at risk: Experts
London, July 26 (IANS) The proposed EU General Data Protection Regulation could make cancer research impossible and add a significant burden to cancer patients, the European Society for Medical Oncology (ESMO) has said...
Read more on Business Balla
 
Ancelotti aims to end Real Madrid goalkeeper debate
Madrid, July 26 (IANS) Real Madrid coach Carlo Ancelotti said that he was looking to avoid the debate over who should be first team goalkeeper which affected the club last season. Real Madrid count on two fine...
Read more on Sport Balla
 
25 militants killed in Egypt's Sinai
Cairo, July 26 (IANS) At least 25 militants were killed Saturday during a military raid in Egypt's North Sinai province, an official said. The military raid started Friday afternoon in the city of Sheikh Zuweid near...
Read more on Politics Balla
 
Ronaldinho hails Deco after missing flight for testimonial
Rio de Janeiro, July 26 (IANS) Ronaldinho took to Twitter to congratulate former Barcelona teammate Deco after missing his flight to play in the retired midfielder's testimonial. Ronaldinho was invited to feature in...
Read more on Sport Balla
 
Iniesta optimistic for Barca ahead of new season
Madrid, July 26 (IANS) FC Barcelona midfielder Andres Iniesta said that he was optimistic his club would improve on last season's disappointing campaign. Barca have acted quickly this summer to solve the problems...
Read more on Sport Balla
 
Two Palestinian teenagers killed in West Bank
Ramallah, July 26 (IANS) At least two Palestinian teenagers were killed by Israeli soldiers in the West Bank, officials said Saturday. A 16-year-old boy was killed in the West Bank city of Bethlehem during violent...
Read more on Politics Balla