An early Christmas rush has helped give a substantial boost
to the Otago-Southland service industry, along with the rest
of New Zealand.
An improved offer yesterday by AMP Ltd and France's AXA SA
for AXA Asia Pacific Holdings would probably succeed, Craigs
Investment Partners broker Chris Timms said.
Oceanagold has again extended the life of its Macraes and
Reefton gold projects, this time thanks to an improved gold
price making previously unprofitable deposits economic to
Finance Minister Bill English faces some testing challenges
when he presents today the Government's Budget policy
statement and half-year fiscal update.
Business partners Lawrie Forbes and Craig McNaughton took
the prudent step of looking for a project to keep their
workers employed if there was a downturn.
The Allied Farmers proposal to buy the assets of failed
finance company Hanover Finance took a major step forward
yesterday when Allied shareholders voted in favour of the
Christmas and New Year statutory holidays are again likely to
cause confusion for employers, who are being urged to seek
professional advice to avoid making pay errors to their
The Treasury's latest monthly economic indicators provided a
mixed view of the economy and reinforced risks around the
shape of the recovery, Finance Minister Bill English said
Twitter is the new "black" when it comes to technology.
The Reserve Bank on Thursday is expected to keep the official
cash rate (OCR) at 2.5%, despite the Australian central bank
last week lifting its main lending rate 0.25% to 3.75%.
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