Consumers reached for their wallets in June as spending
surged 1.3% from the previous month, well ahead of the 0.5%
The Bank of England could cut its target cash rate as soon as
the end of this week in response to Great Britain voting to
leave the European Union.
The rejuvenation of South Dunedin will be a priority for an
incoming Labour government, working alongside local
government to develop a master plan for urban renewal.
Forsyth Barr has initiated coverage on Tourism Holdings Ltd
(THL) with an outperform rating and a $3.25 a share target
The Labour Party continues to hammer the Government on rising
house prices, seizing on comments made by the Reserve Bank's
deputy governor for ammunition.
The ability to hire capable staff is re-emerging as a
handbrake that may constrain further expansion of small
businesses, an ANZ survey has found.
There has probably never been such a time when very small
changes in inflation matter so much to the wellbeing of the
economy, BNZ senior economist Stephen Toplis said yesterday.
Labour has used the Government's discomfort with the housing
market to cash in with some announcements of its own on how
to take care of people living rough.
Australia's credit rating has been revised to negative from
stable by Standard & Poor's because the agency no longer
believes in the Government's ability to lower debt.
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