Otago's economy fared poorly in the latest ANZ regional
trends quarterly economic survey, coming at the lower end of
the 12 regions of the 14 which recorded back-to-back
quarterly increases.
The number of New Zealanders moving to Australia to search
for a better life and job opportunities slowed substantially
last month to reach the lowest level since December 2010.
Longtime Queenstown businessman Jim Boult will step down as
Christchurch International Airport chief executive at the end
of the year when his contract expires.
Australia's four major banks, which each own an operation in
New Zealand, delivered combined earnings of $A13.4 billion
($NZ16.1 billion) for the six months ended March, up 7.3% on
the previous corresponding period.
Investor confidence has reached a two-year high as New
Zealand investors seek higher yields against a background of
more benign risk and higher returns from shares, the ASB
Investor Confidence Index shows.
