Archive for January, 2010

Monetary policy worked well in crisis

Press Release – Reserve Bank

New Zealand’s inflation targeting monetary policy has proven flexible, durable and successful, but economic growth requires more than this, Reserve Bank Governor Alan Bollard said today. Read more »

Minister plans renewed health and safety focus

Press Release – New Zealand Government

A review of New Zealand’s Workplace Health and Safety Strategy has identified key areas where work is needed to reduce workplace deaths and accidents, says Minister of Labour Kate Wilkinson. “I have been concerned at the toll in our workplaces … Read more »

Seasonal Climate Outlook: February – April 2010

Press Release – Niwa National Climate Centre

A cool end to summer, and continuing drier than normal in the north The current El Niño continues at moderate strength in the equatorial Pacific, but is likely to weaken during the autumn. The NIWA National Climate Centre says that means temperatures … Read more »

XT Fallout at ACC NZ Masters Games

Press Release – ACC New Zealand Masters Games

“Try running the country’s largest sporting event without cell phone coverage, it’s a joke!” Aaron Joy, Manager of the ACC NZ Masters Games in Dunedin is at his wits end having had no cell phone coverage for the last three days with Telecom’s … Read more »

All Kiwis should benefit from improved outlook

Press Release – New Zealand Labour Party

Labour Finance spokesperson David Cunliffe says today’s Crown Accounts show that the recession has been shorter and shallower than forecast, with fiscal deficits now forecast for only six years, not ten. “While there’s still a need for responsible … Read more »

NZ bank liquidity rules may limit rate hikes: RBNZ

Article – Businesswire

Jan. 29 (BusinessWire) – Reserve Bank of New Zealand Governor Alan Bollard says new liquidity rules for lenders, which come into effect in April, will restrict their access to cheap wholesale funding, helping damp credit growth and reducing the need … Read more »

Hallenstein forecasts 50% jump in 1H profit

Article – Businesswire

Jan. 29 (BusinessWire) – Hallenstein Glasson Holdings Ltd., the clothing retailer, forecast a 50% jump in first-half profit after buoyant trading over the Christmas-New Year period and raised its dividend. The stock rose 4.6%. Read more »

NZ’s annual trade deficit shrinks to 7-yr low

Article – Businesswire

NZ’s annual trade deficit shrinks to lowest level in 7 years as imports fall Read more »

NZ Trade Balance Returns To Surplus

Press Release – JP Morgan

New Zealand’s trade balance surprisingly returned to surplus in December, printing at NZ$2 million (J.P. Morgan -NZ$200 million, consensus -NZ$100 million) from -NZ$269 million in the previous month. Exports improved, as expected, but imports also were … Read more »

Ravensdown releases Drought Relief Plan

Press Release – Ravensdown

Ravensdown today announced it is offering interest free deferred payment terms backed with technical advice for all farm input products until the end of May for shareholders in areas the government has declared drought-affected. Read more »

Building consents stall in December as sales slide

Article – Businesswire

Jan. 29 (BusinessWire) – The revival in residential construction stalled last month in what was a tough December for house vendors, though non-residential building perked up to end the year flat. Read more »

Canterbury weather, rainfall more of the same

Press Release – Environment Canterbury

Continued unsettled weather, with average to dry conditions, has meant that groundwater levels are continue to drop in the region, say Environment Canterbury water scientists. Read more »

Accounts slightly better, growth the focus

Press Release – New Zealand Government

Crown accounts for the five months to November 30 were slightly better than forecast, but reinforce the need for responsible fiscal and economic management through 2010, Finance Minister Bill English says. “We face another six years of Budget deficits … Read more »

Rise In Trend For New Homes Continues

Article – Statistics New Zealand

The trend for the number of new homes authorised (excluding apartments) continued to rise in December 2009, Statistics New Zealand said today. This rise in trend came despite a fall of 1.4 percent in the seasonally adjusted number in December 2009. Read more »

Telecom keen to be involved in broadband roll-out

Article – Businesswire

Jan. 29 (BusinessWire) – Telecom Corp., the country’s largest telecommunications company, is keen to be involved in the government’s $1.5 billion roll-out of high-speed broadband across the nation, putting forward two proposals and keeping the door open … Read more »

South Island Companies Post Strong Performance

Press Release – Deloitte New Zealand

South Island companies ended 2009 on a high by making considerable gains in the last quarter, with the 33 -strong Deloitte South Island Index increasing by an impressive $614 million or 17.7 per cent. Read more »

NZ consumers eschew plastic for personal loans, HP

Article – Businesswire

Jan. 29 (BusinessWire) – Applications for hire purchase and personal loans climbed last month, while credit cards declined, suggesting consumers are leaning toward more conservative borrowing in the wake of the recession, says Veda Advantage. Read more »

Asset FinanceReceives International “B” Rating

Press Release – Asset Finance

“The directors of Asset Finance Ltd today confirmed that the company recently received a “B” rating for both its short and long term debt from international credit rating agency Standard and Poors. Read more »

Auckland Airport institutions snap up new shares

Article – Businesswire

Jan. 29 (BusinessWire) – Auckland International Airport said more than 99% of its institutional shareholders elected to take up discounted stock in its 1-for16 offer that is raising funds to pay for its foray into northern Queensland airports. Read more »

NZ dollar holds above 70 cts; risk appetite fades

Article – Businesswire

Jan. 29 (BusinessWire) – The New Zealand dollar will likely hold above 70 U.S. cents today as traders buy on dips after risk appetite faded amid concerns over European sovereign solvency and ongoing problems in Greece. Read more »

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