The Reserve Bank betrayed New Zealand exporters when it held
official interest rates at 3.5% yesterday, New Zealand First
leader Winston Peters said.
The sale of up to 2000 state owned houses is likely to
proceed this year but Prime Minister John Key is promising to
increase the amount of help people in need will receive for
Labour leader Andrew Little needs to convince small business
owners he has their best interests at heart as he heads into
the new political year.
Opposition politicians wasted no time criticising National's
plans to sell state housing without a concrete plan to
replace the sold houses.
The outlook for Auckland International Airport's retail
operations represented the most important company-specific
issue for investors currently, Forsyth Barr broker Andrew
Rooney said yesterday.
Financial markets around the world, but particularly in
Europe, are set for a rocky ride this week as Greece's
anti-austerity Syriza party sets about forming a new
The Otago-Southland service industries left the rest of New
Zealand in the dust of summer last month, easily topping the
Performance in Services Index, released yesterday.
Investing in Air New Zealand was more about timing than
taking a long-term view, as the airline industry generated
consistently low and often volatile returns, Forsyth Barr
broker Andrew Rooney said yesterday.
A near 50% reduction in the 2015 financial year dividend
forecast highlighted the challenges TeamTalk faced, Forsyth
Barr broker Peter Young said yesterday.
The official cash rate announcement by the Reserve Bank on
Thursday is almost irrelevant given inflation is likely to
remain below 1% for the rest of the year.
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