State-owned Kiwibank is cutting the interest on one of its
fixed-rate mortgages, possibly just for a fortnight, as a
means of "testing the market".
Hiring intentions in the South Island have risen solidly,
mainly driven by the construction industry, which is
undertaking extensive work required to repair homes and
buildings damaged in the Canterbury earthquake.
Microsoft's Internet Explorer appears to be losing some
support around the world, particularly to Firefox and
Inflation is expected to have risen sharply in the three
months ended December because of higher petrol prices and a
rise in GST to 15% on October 1.
Bank of New Zealand senior
economist Craig Ebert believes the New Zealand economy is in
the second phase of a five-phase expansionary period.
The computer-generated graphics of the flooding in Brisbane
being shown on Australia's Nine Network are another example
of the innovative technology being developed in Dunedin.
Further proof came yesterday that retailers have suffered a
poor Christmas with seasonally adjusted electronic card
transactions falling 1.2% in December from November.
The NZX-50 reached a 28-month high
yesterday, following the lead of optimistic United States and
European sharemarkets following the successful selling by
Portugal of its bonds.
Michael Hill International pleased the market yesterday when
its six-month trading update and profit guidance met
cars for sale
Submit your news & photos - Login or
Opinion? Have your say - Login or Register
event or notice
Add a photo
Make ODT my
Otago Daily Times print and digital edition, The
Star - Dunedin, The News - Central Otago, The
Ensign - Gore, Southland Express -
Invercargill, Southern Rural Life - Otago and
Southland, The Courier - Timaru, Courier Country - Canterbury and
West Coast, Queenstown Times - Queenstown, Mountain Scene -
Queenstown, The Oamaru Mail - Oamaru, The
Greymouth Star - Greymouth, Hokitika Guardian - Hokitika,
West Coast Messenger - West Coast, The Ashburton Courier -
Ashburton, The News - North Canterbury, Extra! schools
Times South Canterbury