The Trans-Pacific Partnership agreement may possibly be
signed in New Zealand on February 4 and protests through
petitions and direct opposition are likely to grow in the
next three weeks. The Government has yet to confirm a signing
date. Business editor Dene Mackenzie reviews the economic
aspects of the TPP.
The Royal Bank of Scotland is
warning clients to brace for a ‘‘cataclysmic year'' and a
global deflationary crisis, but brokers say the call to sell
everything except high-quality bonds is an overreaction to
Red Shed retailer The Warehouse Group's trading update was
well received by the market but the group needed to show a
trend that was not two steps back and one forward, Craigs
Investment Partners broker Chris Timms said.
The level of debt held by mid-tier mining companies and
whether they could service it was the next concern facing an
already struggling commodity sector, Craigs Investment
Partners broker Peter McIntyre said yesterday.