Central banks have almost run out of options on how to help
stave off the latest volatility in world economies, BNZ
senior economist Craig Ebert says.
funds, including KiwiSaver, will need to rethink their
investment strategies if the partial sale of state-owned
assets is delayed, Deloitte Dunedin managing partner Steve
Labour Party list MP David
Parker has been confirmed as its Epsom candidate, a move sure
to lift his public profile as he continues to work to become
South Island companies appear to be recovering after the
Canterbury earthquakes, the latest Deloitte South Island
The downgrading of the sovereign debt rating in the United
States has removed the need for the New Zealand Reserve Bank
to lift its official cash rate to 3% in September.
Rating agency Standard and Poor's is warning that New Zealand
is one of several Asia-Pacific countries likely to experience
export-driven slowdowns either through weaker demand, lower
export prices or both.
The BNZ confidence survey fell to a four-month low at the
weekend with only a net 22% of respondents now expecting the
economy to improve in the coming year.
BBC technology reporter Iain Mackenzie raised an interesting
point in his column last week, which started with the
oft-repeated aphorism "one man's terrorist is another man's
A less-than-memorable two weeks of holiday were made at least
bearable by some devices I was allowed to play with during my
time away from the office.
The downgrade of the United States' credit rating had added
another blow to already stressed market conditions, Forsyth
Barr broker Peter Young said yesterday.
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