Inflation in the three months ended June was softer that
expected by financial markets but economists are warning that
big increases are ahead.
Investors have had a reality check in the last two months as
global equity markets have lost this year's gains, and some
of last year's as well, Forsyth Barr broker Suzanne Kinnaird
Inflation is forecast to have been right in the middle of the
Reserve Bank's 1% to 3% target band at the end of June.
Dunedin Passenger Transport director Kayne Baas has come up
with a novel way to encourage commuters on the southern
routes to continue using, or start using, public transport.
The Frozen Fund Group is calling for ANZ-National Bank's
investment arm ING to be removed as a default KiwiSaver
provider but ING said yesterday there was no basis for
calling its status into question.
Listed gold miner Oceana Gold has identified new gold
resources at its Macraes gold mine which could add another
one and a-half years to the life of the mine.
Volatile world sharemarkets and the fallout from the European
debt crisis hurt the Government accounts in May, but the
financial position remains well ahead of the same period last
The musical Oliver has a timeless quality with values
that crosses generations and all levels of society.
House prices are set to fall further this year before a small
rebound sometime next year as demand again starts to outstrip
Property values across New Zealand have continued to slide in
recent months but figures released this morning (Monday) by
QV show Dunedin bucking the trend.
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