Shanghai and other Asia-Pacific sharemarkets continued their
volatility yesterday as worries surfaced again about China's
Residential property values continue to rise and the latest
QV house price index says values are rising at the fastest
rate in eight years.
In a sharp contrast to the recent raft of bad economic news,
New Zealand's latest trade data has provided some welcome
Business confidence has fallen sharply and is now at its
lowest level since 2009, a time when the global economy was
in the grip of the financial crisis.
Otago and Southland dwelling consents rose sharply in July,
both regions exceeding the nationwide 20% rise.
Kiwisaver is extraordinarily successful at attracting members
and encouraging long term saving, a new report says.
More signs are emerging about the weakening of the Otago
economy and the South Island in general taking a hit in the
three months ended June.
Shell executive Dexter Krol has lived offshore for 35
years but remains a staunch supporter of the Highlanders and
all things Otago. Business editor Dene Mackenzie talked to Dr
Krol during his recent trip to Dunedin.
Medical treatment company Fisher & Paykel
Healthcare has upgraded its earnings guidance for the
financial year and, at the same time, announced the
retirement of its chief executive, Mike Daniell.
Kiwibank rewarded its parent company, New Zealand Post, for
many years of investment by paying a maiden dividend of
$22million after reporting improved financial results in the
year ended June.
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