New Zealand Labour Party promises tourist tax, as polls heat up - RTRS

New Zealand’s opposition Labour Party unveiled its first detailed fiscal policy on Tuesday, pledging to impose a tax on tourists to help fund new infrastructure amid a tourism boom and pour billions of dollars into health and education if it is voted into office next month, Reuters reports.

New Zealand is just weeks away from the Sept 23 national election.

Labour tourism spokesman Kris Faafoi said via text message, the party would speak with customs and immigration officials to find the most efficient way to collect the levy.

US: Strong economic releases suggests recovery on track for now - ANZ

US wholesale inventories (July P) came in a touch stronger than expected while durable goods were up 0.6%, with non-durables were up 0.1%, notes the a
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NZD/JPY: Potential to break below 78.50 - Westpac

NZD/JPY retains potential to break below 78.50 support during the week ahead, according to Imre Speizer, Research Analyst at Westpac. Key Quotes “Te
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