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The receivers of Southern Cross Forest Products (SCFP) announced today a restructuring of the South Island businesses.
As retailers and hospitality business operators grapple with one of the most complex trading weeks of the year, many are hopeful that rising consumer confidence will translate into strong sales for the next 12 months.
Canterbury labour demand is growing at a greater rate than the national average while labour supply is limited, according to the Canterbury Job-Matching Report for the December 2013 quarter released by the Ministry of Business, Innovation and Employment (MBIE).
Microsoft has announced the New Zealand winners of the 2014 Microsoft Imagine Cup competition.
CURRENCY: The RBNZ is not expected to move markets this morning. Our expectation is for a succinct statement, and a reiteration that NZD strength is not sustainable in the long run.
RATES: Expect Kiwi rates to open 1-2 basis points lower across the curve.
With 9,424 extra arrivals for the 12 months to the end of March, Germany has overtaken Japan to become New Zealand’s fifth largest visitor market.
By Ric Spooner (Chief Market Analyst, CMC Markets)
Visitor arrivals to New Zealand in March 2014 were affected by the later timing of Easter, and later school holidays in some key source countries, Statistics New Zealand said today. The number of visitors in March
(253,600) was down 6 percent from last year.
Almost 300 tourism and travel buyers from around the world will converge on Auckland next month to attend TRENZ 2014, eager to discover what new and exciting tourism products New Zealand has to offer consumers in their home markets.
CURRENCY: Global PMIs are expected to show a benign environment conducive to a continued drift into "carry trades". The AUD could be the outperformer if ANZ’s above consensus CPI expectation eventuates.
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