Dene Mackenzie

Change in OCR seen as unlikely

The official cash rate announcement by the Reserve Bank on Thursday is almost irrelevant given inflation is likely to remain below 1% for the rest of the year.

Analyst picking Fonterra to lift earnings, profits

Analyst picking Fonterra to lift  earnings, profits

Australian share research company Morningstar has lifted its profit estimates for Fonterra on the back of a significant fall in whole milk powder prices during the past few months.

English still hoping for surplus by October

English still hoping for surplus by October

Finance Minister Bill English continues to claim credit for the responsible management of the Government's finances while admitting there is a challenge coming from less revenue, over which he has much less control.

Scale of stimulus package a surprise

Scale of stimulus package a surprise

The European Central Bank beat market expectations by announcing a large and open-ended asset-buying programme designed to pump hundreds of billions into a sagging euro zone economy.

Demand for skilled workers

Demand for skilled workers

Skilled Otago workers were constantly in demand, particularly in Canterbury, Otago Southland Employers Association chief executive John Scandrett said yesterday.

Claim power price vindicates sell-down

Claim power price vindicates sell-down

Mighty River Power not increasing its headline energy prices for the third year in a row made nonsense of claims made by Opposition parties during the election campaign, Craigs Investment Partners broker Chris Timms said yesterday.

Mixed retail sector performance in difficult environment

Mixed retail sector performance in difficult environment

A mixed reporting season was expected for the New Zealand listed retail sector, not helped by the late start to summer, Forsyth Barr broker Andrew Rooney said.

Inflation likely to fall below 1%

Inflation likely to fall below 1%

Inflation is likely to have fallen below 1% in the year ended December and a flat outcome of 0% is expected for the three months ended December, as lower oil and food prices make their mark.

More pessimism over employment

South Island employment confidence has taken a hit due to a variety of reasons, including the lower Fonterra payout and a perceived lack of job opportunities.

Big dry affects dairy production

Big dry affects dairy production

Dairy production is likely to slow below previous forecasts as parts of Canterbury and Otago dry off and water restrictions kick in, ASB rural economist Nathan Penny says.