The New Zealand dollar was trading at 70.08 US cents as at 8:30am in Wellington from 71.29 cents yesterday, before the announcement on the new government. In announcing the decision to go with Labour, NZ First leader Winston Peters said capitalism needed to regain its "human face". The NZ dollar fell to 53.29 British pence from 53.96 pence and declined to 89.13 Australian cents from 90.80 cents. It fell to 4.6348 yuan from 4.7273 yuan and dropped to 78.96 yen from 80.50 yen. The dollar fell to 59.24 euro cents cents from 60.40 cents.
October 19, 2017 20:37 UTC
Housing: Ms Ardern committed to implement Labour’s KiwiBuild policy, which would build 100,000 affordable homes over 10 years, with half in Auckland. While Ms Ardern and Mr Peters wouldn’t give a direct answer, Mr Peters said farmers and people in the rural sector “should be happy”. Pike River: Mr Peters said his commitment to clear the way for a reentry of the mine would be kept. Ms Ardern said manned re-entrywas a priority for all three parties. Mr Peters said his party had not been delivered enough support to demand such a measure.
October 19, 2017 19:52 UTC
Sir Peter Jackson remains silent on Harvey WeinsteinGetty Harvey Weinstein and Peter Jackson during 2004 BAFTA Awards. New Zealand director Sir Peter Jackson has refused to comment on disgraced movie mogul Harvey Weinstein despite many other Hollywood figures with links to the producer speaking out. Derek Flynn New Zealand director Peter Jackson. Jackson has talked in the past about how he and Weinstein tried to develop The Hobbit and The Lord of the Rings. After meeting with nearly every Hollywood studio, and being consistently turned down, they came across New Line, who suggested they make three films.
October 19, 2017 19:45 UTC
Extreme attitudes rewarded at McGarry memorial award ceremonyTim O'Connell Waimea Intermediate student Zayla Squires-Gordon was presented with a brand new Giant mountain bike by Kelly McGarry Dream.Believe.Be award winner Fletcher Satherley this week. A building apprentice showing skills beyond his years and a young girl conquering her health limitations are this years inspiring winners of the Kelly McGarry Dream Believe Be award. Tim O'Connell Kelly McGarry Dream.Believe.Be award winner Fletcher Satherley, left, with Nelson Marlborough Institute of Technology carpentry tutor Steve McIntyre. McIntyre said it was the 21-year-old's can-do approach to some extreme construction challenges that convinced him Satherley was a worthy winner for 2017. During an assembly at McGarry's old school on Monday, Zayla was given her brand new mountain bike by Giant's Brad O'Malley.
October 19, 2017 19:30 UTC
A house on Stewart Island has been severely damaged by fire overnight. Firefighters were called to the unoccupied house fire on Miro Cres at 1.45am today. Fire and Emergency New Zealand shift manager Andrew Norris said when the island's two Oban crews arrived they found the single storey house well ablaze. "They managed to stop it getting to any neighbouring property." Mr Norris said the cause of the fire would be determined by an Invercargill fire investigator who might travel to the island today.
October 19, 2017 19:18 UTC
Live: Labour starts work on shaping its coalition governmentAn email to Green Party members trumpets wins but warns there will be a degree of disappointment. ROSS GIBLIN Green Party co-leader James Shaw following the announcement Labour-NZ First would form the next government.
October 19, 2017 18:53 UTC
The Clyde Museum. Photo: ODTA proposed feasibility study on the Clyde Historical Museum would help determine the future of the museum buildings, the Vincent Community Board (VCB) heard yesterday. The board approved applications to the Central Lakes Trust for $62,043 and New Zealand Lotteries Commission for $41,362 for the study. Central Otago District Council property and facilities officer Christina Martin had prepared a report earlier in the year about the three sites that make up the Clyde Museum. The results of both the Central Lakes Trust and Lotteries applications would be known by December, and the study was scheduled to begin in January and be completed in August.
The Cerebos Greggs factory in Dunedin has been bought by the Kraft Heinz Company. Photo: Gregor RichardsonThe Cerebos Greggs food and instant coffee factory in Dunedin has been sold, as part of a wider $A290million ($NZ319.1million) acquisition of New Zealand, Australian and Asian assets by food giant The Kraft Heinz Company. With hundreds of Cadbury staff facing redundancy in coming months, the existing jobs at the Cerebos Greggs Dunedin factory appear to be safe. Confirmation of the sale by Suntory yesterday followed a relatively recent $20million refurbishment of the Cerebos Gregg’s Dunedin plant. Cerebos management in Dunedin were unavailable for an interview, but a Kraft Heinz spokesman in Australia responded to questions.
Otago Polytechnic tourism students will benefit from the latest conference in Dunedin, getting a first-hand insight into the business events sector. CINZ is the industry body for the convention and incentive industry, and delegates will visit at a time when the city’s business tourism industry is growing. Polytechnic tourism and hospitality lecturer Helen Geytenbeek said the event would create valuable links between theory and practice for the students. Being at the conference would expose them to the business side of the tourism industry. The number of days delegates spent in the city rose 18.4% to 139,142 , more than double the national average.
Photos: Christine O'ConnorDunedin-based shared business space company Petridish is in major expansion mode, looking to increase its business membership eightfold to potentially 300 people over the next 18 months. Floor space will increase from the present 170sq m to 2600sq m as more building space becomes available for lease. "We’re hoping to become the creative hub for Dunedin; build it and they’ll come," Mrs Lindsey quipped. of shared business space company Petridish, in Stafford St, Dunedin. "It [the interaction] can benefit the start-ups but also the community groups themselves," Mrs Lindsey said.
The decision will be cutting for National Party leader Bill English, who has now led his party to two defeats, although this time the party will be more forgiving. However, what Labour and Mr Peters now face will be a large Opposition party which will dominate select committees and policy. Ms Ardern has made it clear she wants to end child poverty. She will need to be strong not to be swayed by past thinking promoted by Mr Peters from his days as treasurer in a former government. The popularity of Ms Ardern means there will be a long period of grace.
dmcgowan.jpg Dougal McGowanHeadline small business confidence eased to a net 14% in September, down from 17% in August but remained respectable, ANZ managing director retail and business banking Antonia Watson said. Otago Chamber of Commerce chief executive Dougal McGowan said the ANZ survey mirrored the results from the latest chamber survey but he was not concerned about the small fall in business confidence. At a recent lunch he hosted for 15 small business owners, 70 new jobs had been created by those owners in the last two years. Business activity expectations for agriculture-focused small firms topped the other sectors for the first time in more than six years at 42%. On the flip side, small firms in the construction sector were not so upbeat; their business composite growth measure fell from 27% to 16%.
Southern Stays: Canterbury's most accessible overnight trampJACK FLETCHER/STUFF Packhorse Hut is the reward at the end of a two-hour uphill walk. The Department of Conservation website said all nine beds at the Packhorse hut were available. READ MORE: A vision fulfilled as the Sign of the Packhorse Hut turns 100Make no mistake, this walk is entirely doable. JACK FLETCHER/STUFF Mt Bradley dominates the view at the entrance to Packhorse Hut. It wasn't long until the track opened out into the top of the valley and Packhorse Hut came into view.
October 19, 2017 15:56 UTC
John Cockroft strikes his best military pose in the uniform that will feature in the Lord Clyde Parade in the Cuisine at Clyde Festival. For the first time, locals are celebrating the birthday of the town’s namesake, Field Marshall Colin Campbell, 1st Baron Clyde, also known as Lord Clyde, at Clyde’s Cuisine at Clyde festival this Labour Weekend. On October 22 about 20 people will parade down the main street of Clyde to celebrate the life of Lord Clyde. Historic Clyde Inc member and parade convener John Cockroft knows almost all there is to know about Lord Clyde. "He was just a lad from the back streets of Glasgow, [which was] pretty uncommon at that time," Mr Cockroft said.
Steve HepburnPREMIERSHIPCanterbury v North HarbourChristchurch, tomorrow, 5.05pmWhy Canterbury win? Score prediction: 35-17CanterburyTaranaki v TasmanNew Plymouth, tomorrow, 7.35pmWhy Taranaki win? A full-strength Taranaki team has few weaknesses and has some real matchwinners in the backs. Why Tasman win? James Lowe is off to Ireland when the Tasman season finishes and will want to go out with a bang.