New Zealand's Reserve Bank lacked the firepower to make much
of a dent by intervening in the currency market, Craigs
Investment Partners broker Peter McIntyre said yesterday.
Job losses at Fonterra's Canpac facility in Waikato show the
dangers of relying on dairy exports to China to sustain the
economy, union leaders say.
Local Government New Zealand is welcoming a Labour Party
pledge to revive the regions with a $200 million fund but
Economic Development Minister Steven Joyce is calling it a
sop to the regions.
There was more to regional development than just putting
money into particular projects, Dunedin Mayor Dave Cull said
The Reserve Bank is being urged to take a wider view of the
economy as it prepares for its official cash rate decision
The future of Dunedin-based Motor Trade Finances is up for
grabs with listed bank Heartland New Zealand making a play
for the company formed in the city more than 40 years ago.
Bathurst Resources has started work at its West Coast
escarpment but Craigs Investment Partners broker Peter
McIntyre said the announcement yesterday meant very little in
the big scheme of things.
Significant milestones were reached in June as migrants
continued to flow into New Zealand and fewer people left for
New Zealand has experienced a constellation of economic
developments which, in unison, raise questions about the
urgency for official cash rate rises, Westpac chief economist
Dominick Stephens says.
New Zealand's sharemarket, the first in the world to open for
the new week, is likely to take a wait-and-see approach as
investors digest ongoing geopolitical events that may
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