Wealthy individuals, particularly new immigrants, can expect
some extra scrutiny from Inland Revenue in the current
financial year to ensure they are meeting their New Zealand
Air New Zealand carried 1.34million passengers last month, 5%
more than the same period last year, in a continuation of
good news coming from the national carrier.
June's exports and imports both exceeded expectations but New
Zealand still reported a small trade deficit in the month,
after five consecutive surpluses.
Apple remained a quality technology stock with a growing
range of products and services, Craigs Investment Partners
broker Chris Timms said yesterday.
Reserve Bank governor Graeme Wheeler cut the official cash
rate as expected yesterday and indicated further cuts were on
The NZX50 index is likely to bust above the 6000-point mark
as investors look for income in times of falling interest
Dunedin independent director and accountant Graham Crombie
can add another line to his already extensive CV after being
appointed as an associate member of the Commerce Commission.
Technology companies reporting yesterday offered
disappointing financial results, causing the blue chip Dow
Jones Industrial Average to tumble.
South Island companies overcame a tough and challenging three
months to achieve a hard-fought gain of $159.2 million in
capital value for the June quarter, according to the Deloitte
South Island Index.
Comment: New Zealand's housing market is set for
another boost tomorrow when the Reserve Bank cuts the
official cash rate from its present 3.25%.
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