Germany's move to ban naked short-selling of some securities
rattled investors yesterday, with the euro falling to its
lowest level in more than four years against the United
The Government's opponents acted swiftly yesterday to decry
reported comments made by Prime Minister John Key that Kiwis
should not be jealous if the rich get more from tomorrow's
Budget tax package.
The shine has come off rental property ahead of tomorrow's
budget, according to the latest ASB Investor confidence
Better-than-expected weather hurt The Warehouse Group's sales
in the three months ended May 2.
Activity in the Otago-Southland services industries took a
hit in April, falling after two months of expansion, the
latest Performance in Services Index shows.
Westpac New Zealand chief executive officer George Frazis was
in Dunedin yesterday, celebrating another successful part of
his strategy of "more banks in more places".
Changes already signalled for rules surrounding property
investment are expected to be the main focus for financial
markets when Finance Minister Bill English presents his 2010
Budget on Thursday.
Telecom and Vodafone yesterday signalled their market
intentions as the competition intensifies in New Zealand's
Dunedin accountant Jono Bredin will early next month be part
of an exchange programme aimed at strengthening economic
relationships with Japan.
The promise by European Union finance ministers to set up a
rescue mechanism for financially troubled governments
appeared to steady Asian, Australian and New Zealand
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