John Armstrong: English gets his surplus, but victory is spoiled
The surplus and its final size will not be known until October. But yesterday's figures effectively guarantee there will be one, writes John Armstrong.
The surplus and its final size will not be known until October. But yesterday's figures effectively guarantee there will be one, writes John Armstrong.
The economy has started to slow, with confidence declining as dairy prices remain lower for longer.
If the turmoil knocks domestic confidence and with it internal domestic demand there will be a spillover effect, writes Fran O'Sullivan. The Chinese Government is a significant buyer of NZ Government bonds.
"The Australian dollar is among the worst performing major currencies," a BNZ currency strategist says.
Wall St and European shares fell overnight as fears about the Chinese share fire sale and its economic outlook grows.
China's ongoing share rout spread jitters through the Asia-Pacific region yesterday, sparking falls across equity markets from Japan to New Zealand.
Another ugly start for China’s stock market as index plunges 8.2 per cent in the first three minutes.
"It's pretty negative, there's a lot of selling in the futures and there's not much buying - this market looks completely stuffed."
The dollar fell as commodity prices dropped on concern about waning demand.
Business confidence has fallen to a three-year low, led by regions like Waikato, Canterbury and Southland particularly exposed to the dairy sector.
Joyce this week got cabinet approval to develop what he calls "the New Zealand Investment Attraction Strategy".
Chinese shares are plunging again today, suggesting a raft of Govt-introduced measures aimed at halting the sell-off are failing.
Economics editor Brian Fallow says today's business opinion survey shows we've passed the peak of economic growth.
The country's business confidence plunged as companies became pessimistic about profitability expectations.
Why are the Germans and other creditors determined to force the Greeks into such a damaging dead end? The answer is they care little for the travails of the Greek people, writes Brian Gould.
The kiwi dollar was little changed overnight as traders awaited further developments in Greece.
The Greek rejection of the creditor bailout package has lead to a fall in world shares, oil and the European currency.
Australian unemployment is believed to have bumped higher last month thanks to a slowdown in the creation of new jobs.
Greece’s “no” vote on austerity measures lead to a tumultuous day of trading across equity markets – including New Zealand and Australia.
The dollar hits a five-year low as Greeks reject austerity in referendum.
The worst monthly slump in Chinese stocks in two years wiped away more than US$34 billion ($50.8 billion) in combined net worth of the richest people in June.
Today's referendum result in Greece is set to dominate market trading this week, although economists predict that it will not lead to huge impacts locally.
Australia's May interest-rate cut and federal budget measures to loosen small business purse strings failed to provide a significant boost to retail spending in the month.
A new exhibition of tourism posters in Rotorua shows how New Zealand has changed - and not changed - the way we sell ourselves to the world.
Finance Minister Bill English has denied falling dairy prices pose a risk to New Zealand, saying the dairy industry is a smaller part of the economy than most people think.
New Zealand’s Finance Minister is “not particularly concerned” about whether Greece’s financial crisis will roll on to New Zealand.
The reality of China's SOE privatisation is far from the potted free-market anecdote we like to tell ourselves.
Advice released under the Official Information Act reveals a Treasury sceptical of the case for targeting high-LVR investors in Auckland, writes Brian Fallow.