New Zealand's economic expansion is all about an increasing
number of people coming to the country, and that is reflected
in the latest gross domestic product (GDP) figures released
The United States Federal Reserve held its interest rates
steady yesterday but the market now firmly believes there
will be only one rate rise this year, not the two as
Overseas tourist spending continues to help New Zealand's
balance of trade figures, Statistics New Zealand figures
Shaum Drylie has been appointed chief executive of
Invercargill bank SBS, replacing Wayne Evans, who died
suddenly in January this year.
A damp South Island and weak electricity demand made for a
mixed May for electricity generator retailers, although the
transmission pricing paper was positive for most.
Silver Fern Farms is planning to upgrade its coldstore
facilities at its Pareora site and close its leased
Canterbury coldstore in Belfast.
The Commerce Commission seems likely to make a quick decision
on whether the NZME and Fairfax merger can proceed as it
identifies several issues it will investigate.
Shaun Drylie has been appointed the new chief executive of
SBS Bank, replacing Wayne Evans who died suddenly in January.
Foodstuffs South Island continues to expand its presence in
the South as it increases its sales and outlets.
The meeting of the United States Federal Reserve was the key
event in the US and the world this week, Craigs Investment
Partners broker Chris Timms said yesterday.
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