New Zealand markets slipped today, but held up better than its Asia Pacific counterparts in stock trading surroundings. Most markets plummeted after ratings agency Fitch downgraded its outlook for Spain to 'negative'. A document issued earlier today by National Bank of New Zealand revealed that business confidence nationwide was down one point from November.

The 2011 Rugby World Cup may have been considered a success in New Zealand's largest city Auckland but it held few benefits for businesses, a city council document released on Wednesday said. An evaluation of the impact of World Cup in Auckland, which hosted a third of the games including the opening and the final, bought forth the following revelations.

New Zealand business confidence has slipped in December, though profit expectations rose in a mixed bag of results from National Bank's Business Outlook survey. It suggests the nation in is comparatively nice shape as it faces "the global storm ahead". A net 26 percent of firms see a pickup in their own activity in the coming year, down three points from November.

New Zealand’s market grew faster than the projections made by financial experts last quarter on Rugby World Cup expenditure, a boost the central bank can look past as it expects more fixed recovery signs before lifting record-low rate of interests.

New Zealand will forbid use of UN supported industrial gas offsets to stop any twist to its carbon trading plan and take it into line with agendas in Australia and Europe, the government stated on Thursday. Nick Smith, Climate change minister stated offsets from project that demolish potent greenhouse gases nitrous oxide (N2O) and hydrofluorocarbon-23 (HFC-23).