According to the Accident Compensation Corporation, one farmer is killed in 28 days in New Zealand. In the year 2009, 13 farmers died and there were 18,600 injuries because of farm accidents.

Kiwifruit marketer, Zespri has announced the commercialization of its three new varieties of kiwifruit. Zespri will also start orchards trials for two more varieties. This winter, two hundred hectares of each variety would be licensed to be planted.

Zespri has announced that the new varieties offered are the outcome of a 10 year long development program. The varieties are gold variety and sweet green fruit.

Jeremy Grantham, a recognized U.S. monetary policy analyst, said on Wednesday, that China is capable of preventing the crumbling in the housing sector, which has been identified in the western parts of the world.

He said that the rapid rise in costs in the housing properties in the nation is temporary and the Government will be able to tame it easily.

Today, ASB revealed that it has raised the rates of both variable and fixed home loan. They also declared an increase in the majority of the saving account rates.

Last week, the Government declared a hike of 2.75% in the Official Cash Rate. This is the first bank which has increased its rates after the announcement.

According to the wine industry, this year the vintage is of an exceptional quality. The wine industry had witnessed tough times, earlier.

It has been reported that credit card debt has become the most common type of debt across Australia, rather than the mortgage debt. The news has been confirmed by the Melbourne Institute and it was pointed that this has happened for the first time since November 2006.

As per the latest report, 36.6% Australians had credit card debt as compared to 33.9% people, who had mortgage debt.