Longtime Queenstown businessman Jim Boult will step down as
Christchurch International Airport chief executive at the end
of the year when his contract expires.
The number of New Zealanders moving to Australia to search
for a better life and job opportunities slowed substantially
last month to reach the lowest level since December 2010.
Australia's four major banks, which each own an operation in
New Zealand, delivered combined earnings of $A13.4 billion
($NZ16.1 billion) for the six months ended March, up 7.3% on
the previous corresponding period.
Investor confidence has reached a two-year high as New
Zealand investors seek higher yields against a background of
more benign risk and higher returns from shares, the ASB
Investor Confidence Index shows.
Discussions around the commercialisation of research from the
University of Otago will take on a different dimension
following a $130 million Government investment into Kiwi
research and development.
Eight New Zealand second-tier lenders, including Heartland
Bank and Credit Union South, have been put on notice by
Standard and Poor's that recent strong growth in house prices
could escalate.
Few people can take on Freddie Mercury and give even an
adequate imitation of the late singer's special qualities.
But last night Jonathan Ansell, of the Seven Irish Tenors,
did just that.
The Government reaffirmed its commitment to have its books
back in surplus by 2015 but at $75 million, the surplus
remains in the category of margin for error.
The Reserve Bank has been given the go-ahead to implement
extra measures which could affect future home buyers by
requiring greater deposits before loans are approved.
Meridian Energy has been confirmed as the next state-owned
electricity generator to be partly sold down and listed on
the New Zealand Stock Exchange (NZX) in the second half of
this year.
