Bruce Wills says the Ruataniwha Dam project will be worth the cost to farmers, drought-proofing the region. The Opuha project proves the benefits. Your view?
PM Key downbeat on 'broken' Solid Energy's future after KordaMentha report arrives; says it probably has no equity and he expects banks will have to take haircuts on NZ$389 mln of debt
Bernanke upbeat; US consumers confident; China's house prices rise; Aussie home loan war; China buying local electricity systems; NZ$1 = US$0.806 TWI = 76.3
S&P warns it may cut credit ratings of TSB Bank, Co-op Bank, Heartland Bank and 5 credit unions by 1 or 2 notches; cites NZ's 'economic vulnerabilities' and risk of housing slump
Bill English set to deliver budget with around NZ$800 million of discretionary net new spending as firmer economy gives Govt more leeway 18 mths before election; Meridian float?
Big AU budget deficit, with spending cuts and tax increases; 'immense' China risk; investors chase yield; equities at new highs; NZ$1 = US$0.819 TWI = 77.0
Allan Barber says the TSR proposal, rejected 28 years ago, could have solved the capacity problems then, but it has fish-hooks for the meat industry of today
US retail sales better than expected; China's output stalls; Japan facing higher interest rates; Israel cuts to devalue its currency; NZ$1 = US$0.824 TWI = 77.2
BNZ CEO Andrew Thorburn questions whether the big banks holding more capital against home loans where borrowers have under 20% equity will address key housing market problems