BEIJING (Reuters) – China’s economy rebounded in 2021 with its best growth in a decade, helped by robust exports, but there are signs that momentum is slowing on weakening consumption and a property downturn, pointing
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Market close: Late burst helps NZ shares to positive territory
An uncertain New Zealand sharemarket suddenly burst into life at the end of another light trading day – with concerns over rising inflation and interest rates still calling the tune. The S&P/NZX 50 Index had
Read moreFour areas where house values shot up by $550,000+ last year
House values in four areas of New Zealand rose by more than $550,000 last year and three of those are in the Central Lakes region. Kelvin Davidson, CoreLogic NZ chief property economist, said that the
Read moreChina's economy loses steam as COVID-19 erupts, central bank cuts rates
BEIJING (Reuters) -China’s economy rebounded in 2021 from its pandemic-induced slump helped by robust exports but the pace slowed further in the fourth quarter off the back of weak consumption and a property downturn, pointing
Read more‘Anti-intellectualism’ is disrupting global response to Covid, says Eli Lilly chief
One of America’s top pharmaceutical executives has warned that a growing climate of anti-intellectualism is blighting the global response to Covid-19, and questioned whether policymakers are capable of preparing the public for the next pandemic.
Read moreCanterbury business owners stuck in Australia, can’t get into MIQ, selling home
The owners of a Canterbury pipe business who went on what they thought was a short business trip to Australia last year are unable to return and say they are forced to sell their house.
Read moreDamien Venuto: Credit changes – Govts good intentions fall short in lending law fiasco
COMMENT: A Dunedin woman was declined an urgent extension to her mortgage because what she described as a $187 Christmas shopping trip to Kmart. Another loan applicant claims to have had her social life probed
Read moreKing Soopers, union appear headed back to bargaining table after second day of strike The Denver Post
The union representing more than 8,000 King Soopers employees on strike across the metro area and the company appear headed back to the bargaining table. The United Food and Commercial Workers Local 7 asked King
Read moreMonster Energy buys Oskar Blues, other CANarchy brands for $330M The Denver Post
Corona-based Monster Beverage Corp., maker of Monster Energy drink, is acquiring Colorado’s Oskar Blues Brewery and several other brewing brands, as it makes its first foray into the alcoholic beverage space. According to an announcement
Read moreNZ housing downturn will mean rate cuts in 2023 – economist
International research consultancy Capital Economics says a New Zealand housing downturn will see the Reserve Bank cutting its official cash rate in 2023. The central bank lifted its official cash rate (OCR) by 25 basis
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