Risks to the New Zealand economy have increased and are
not being helped by events in Europe, the United States and
Australia. Business editor Dene Mackenzie previews a volatile
week of economic data.
The Australian Government faces the same economic situation
as New Zealand did in 2008 - staring down the barrel of a
decade of deficits.
Central Otago and Queenstown Lakes median rents increased
substantially in the year ended November while rents grew
modestly in Dunedin and fell in Clutha and Waitaki.
The Federal Reserve's final meeting of the year takes place
The South Island received more good news with the release of
the latest manufacturing activity statistics showing
Canterbury-Westland and Otago-Southland leading the pack.
Lifting New Zealand children off the National Deprivation
Index is one of the main goals next year for Prime Minister
Credit Union South, which has its headquarters in Dunedin,
has had its long-term credit rating lifted to BB by rating
agency Standard and Poor's.
Leaving the Dunedin Railway Station took Prime Minister John
Key longer than usual yesterday as he was mobbed by tourists
and city visitors seeking a photo of themselves with Mr Key.
Dunedin's Blis Technologies has changed its media protocols
after receiving a censure from the NZ Markets Disciplinary
Tribunal and a fine that will cost the cash-strapped company
Homeowners with mortgages got a welcome Christmas present
from Reserve Bank governor Graeme Wheeler when he held the
official cash rate unchanged at 3.5% yesterday.
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