Expectations of increased economic activity because of
rebuilding Christchurch and holding the Rugby World Cup have
pushed business confidence to a record high, according to the
latest BNZ survey.
The International Air Transport Association yesterday slashed
its 2011 airline industry profit to $US4 billion ($NZ4.92
billion), a 54% fall compared with the $US8.6 billion
forecast in March.
The Reserve Bank is widely expected to leave official
interest rates unchanged at 2.5% on Thursday, despite some
encouraging signs emerging in the New Zealand economy.
A skills shortage is starting to bite in the South as
employment agencies and employers struggle to find qualified
Issuing green energy bonds would give New Zealanders a safe
place for their retirement funds and give state energy
companies access to capital, the Green Party says.
co-leader Metiria Turei yesterday renewed her attack on the
Government and KiwiRail for awarding $500 million of work to
The DNZ proposal to merge
with Argosy has dominated the New Zealand listed property
sector in the past month, Forsyth Barr broker Tony Conroy
Miners have welcomed Government plans to manage the
environmental effects of activities such as petroleum
exploration and mining within New Zealand's exclusive
economic zone and extended continental shelf.
The Government's new
Environmental Protection Authority has been labelled an
"economic development agency in drag", by Labour environment
spokesman Charles Chauvel.
Prime Minister John Key is a political gambler with his
instincts honed by years in New York's money markets.
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