Dene Mackenzie

Scale of stimulus package a surprise

Scale of stimulus package a surprise

The European Central Bank beat market expectations by announcing a large and open-ended asset-buying programme designed to pump hundreds of billions into a sagging euro zone economy.

Demand for skilled workers

Demand for skilled workers

Skilled Otago workers were constantly in demand, particularly in Canterbury, Otago Southland Employers Association chief executive John Scandrett said yesterday.

Claim power price vindicates sell-down

Claim power price vindicates sell-down

Mighty River Power not increasing its headline energy prices for the third year in a row made nonsense of claims made by Opposition parties during the election campaign, Craigs Investment Partners broker Chris Timms said yesterday.

Mixed retail sector performance in difficult environment

Mixed retail sector performance in difficult environment

A mixed reporting season was expected for the New Zealand listed retail sector, not helped by the late start to summer, Forsyth Barr broker Andrew Rooney said.

Inflation likely to fall below 1%

Inflation likely to fall below 1%

Inflation is likely to have fallen below 1% in the year ended December and a flat outcome of 0% is expected for the three months ended December, as lower oil and food prices make their mark.

More pessimism over employment

South Island employment confidence has taken a hit due to a variety of reasons, including the lower Fonterra payout and a perceived lack of job opportunities.

Big dry affects dairy production

Big dry affects dairy production

Dairy production is likely to slow below previous forecasts as parts of Canterbury and Otago dry off and water restrictions kick in, ASB rural economist Nathan Penny says.

Almost static food prices good news for grocery bill

Households should be feeling the benefit of continuing low food prices, complementing the ongoing fall in fuel prices, according to the latest Statistics New Zealand data.

Card transactions 'flat'

Card transactions 'flat'

There would be no surprise if listed New Zealand retailers started issuing profit downgrades following the release yesterday of flat electronic card transactions data, Craigs Investment Partners broker Greg Easton said.

Exchange rate, demand boost meat returns

Exchange rate, demand boost meat returns

A more favourable exchange rate and strong demand, particularly for beef, meant an improvement for meat export returns in the three months to December, Beef and Lamb New Zealand figures show.