Wellington - New Zealand's rail and ferry network, which was privatized 15 years ago, was restored to state ownership on Tuesday when the Labour-led government completed formalities to buy it back
Wellington - The New Zealand government will encourage the national cricket team, the Black Caps, against making its scheduled tour of Zimbabwe next year, but past experience shows that it depends on the International Cricket Council, Prime Minister Helen Clark said on Monday.
"Obviously we would prefer that the Blacks Caps not play in Zimbabwe," she told her weekly press conference, condemning Robert Mugabe's claim of a landslide victory in the weekend's presidential election as "a farce with tragic consequences."
Wellington - New Zealand's economy shrank by 0.3 per cent in the first quarter, according to official figures released Friday, confirming analysts' fears that the country is heading into recession
Wellington - The New Zealand stock market fell more than 2.5 per cent on Friday, with its benchmark index of top 50 stocks dropping to its lowest level since December 2005.