Bank executive sacked after accounts raided
A senior staff member at a Whangarei bank has been sacked for fraud involving thousands of dollars.
A senior staff member at a Whangarei bank has been sacked for fraud involving thousands of dollars.
The Christchurch earthquake reinforces expectations the Reserve Bank will leave the OCR unchanged at 3pc on Thursday.
The Christchurch earthquake means the Reserve Bank is now unlikely to raise the Official Cash Rate (OCR) again until next year, ASB economists say.
Four Canterbury All Blacks, including captain Richie McCaw, have been enlisted for a campaign to help quake victims.
Water restrictions have been lifted for Christchurch and Banks Peninsula but some Waimakariri residents must still boil their water and their river is contaminated.
Shares on Wall St and in Europe rose overnight, after the US Federal Reserve indicated economic growth was still happening, though at a slower rate.
When the tremors return, residents at one Christchurch rest home band together with cups of tea and company.
The New Zealand dollar opened firmer this morning as anxiety about the global economy eased.
The Christchurch earthquake is expected to provide a much-needed lifeline for NZ's beleaguered construction sector.