Repeated hikes to the interest-driving official cash rate,
starting today, could add more than $100 a week to mortgage
repayments within two years, Council of Trades Union
economist Bill Rosenberg warns.
Dunedin cancer diagnostic company Pacific Edge had no
information on why its shares plunged 22% last month, they
said following a ''please explain'' request from the New
Zealand Stock Exchange this week.
Otago house prices have mirrored the rising national price
trend during February, as the Reserve Bank sets out to
further dampen housing enthusiasm with its first
interest-rate hike in almost three and a-half years tomorrow.
Easing pressures in the housing market will not deter the
Reserve Bank from hiking the interest-driving official cash
rate (OCR) tomorrow, as inflationary pressures and stronger
gross domestic product data take precedence for the bank's
Oil and gas explorer Anadarko has ruled out suggestions it
was having briefings with interested parties in Dunedin this
week, with its offshore deep-water test drilling 60km north
of the city almost completed.
Private, family-owned roading, infrastructure and resources
company Fulton Hogan is setting the foundation for expansion,
delivering a strong half-year result and has more than $2.8
billion of forward orders in New Zealand and Australia.