According to the latest data, the New Zealand dollar rose to its two-month high against the Australian dollar after inflation outlook and a surge on bonds in that country put pressure on the Australian national currency.

Wendy's fast food chain has indicated that it has scrapped plans to serve alcohol at one of its outlet in the city of Christchurch in New Zealand.

Wendy's fast food outlet was planning to serve beers with its burgers at the outlet. The outlet located in Hornby had applied for a licence in October 2015 but the move had attracted a lot of public criticism. If the outlet started serving alcohol, it would have been the first attempt by a fast-food chain in New Zealand to serve alcohol in its premises.

Prestigious rating agency Canstar has announced that it is awarding a 5-star rating to Warehouse Money Purple Visa Card, which was launched just six months earlier.

The data provider released its latest Canstar Credit Card Rewards star ratings report today. It awarded the 5 star rating to the Warehouse Money Purple Visa Card in the annual ratings for Rewards cards in the New Zealand market. The card won the rating for the $12k and under annual spend category.

Air New Zealand has announced its plans to slash a daily flight between Whanganui and Auckland from March next year.

According to the latest data available, the GlobalDairyTrade price index recorded a decline of 1.4 per cent during the previous night's auction, adding pressure on one of the key industries in New Zealand.

Officials have said that the recent diesel spill at Devonport Naval Base in Auckland is much smaller than 30,000 litres suspected by some.

The authorities had called Fire Service, Auckland Council staff and Navy personnel to investigate the oil spill and they said that the diesel spilled is believed to be less than 100 litres of diesel and not 30,000 litres as expected earlier. The emergency officials were called to the site this morning for investigating the spill.