They cut their three year offer by -55 bps to 5.55%, and their four year rate by -10 bps to the same level. TOP END INDICATIONFonterra raised its milk price forecast by +25c to the range $7 to $8/kgMS, or a mid-point of $7.50/kgMS. And the NZ Government 10 year bond rate is holding, up +1 bp at 4.93%, while the earlier RBNZ fixing was at 4.87% which was up +3 bps today. EQUITIES RETREAT FURTHERThe NZX50 is heading for a minor -0.1% retreat in late trade today. Daily swap rates Select chart tabs 1 year % 2 years % 3 years % 4 years % 5 years % 7 years % 10 years % Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMAThis soil moisture chart is animated here.

December 07, 2023 09:25 UTC

A disabled child has been asked to leave an early childhood centre in New Zealand after his family requested a standing and walking frame to improve his independence. Wolf Greene was asked to leave an early childhood centre. "I would suggest you transfer to one of the other early intervention providers here in Christchurch as there appears to be a differing of approaches." McCabe has set up a Givealittle page to raise money to buy Wolf's equipment. CEC offers an alternative early intervention service, and employs a conductor who specialises in the "holistic development of people with motor disorders".

December 07, 2023 03:52 UTC

Taranaki band Fin Rah Zel are playing at Womad NZ 2024. Being invited to perform at Womad NZ is the stuff dreams are made of, says Taranaki musician Brian Norton. So much so, that when he got the call inviting his band, Fin Rah Zel, to do exactly that at Womad next year, he originally thought he was mistaken. “Our music is both grounding and uplifting at the same time.”Fin Rah Zel is more than just the band members, he says. The DetailsWhat: Womad NZ 2024When: March 15-17Where: New Plymouth’s Brooklands ParkTickets, schedule and artist info: www.womad.co.nzIlona Hanne is a Taranaki-based journalist who covers breaking and community news from across the region.

December 07, 2023 03:51 UTC

Written By: Incognito - Date published: 8:33 pm, December 6th, 2023 - 40 commentsCategories: climate change, Culture wars, farming, health, Maori Issues, Politics, water - Tags: coalition government, Maori Health Agency, speech from the throne, Three Waters, Treaty of waitangiAbout that Speech from the ThroneWhat a snooze fest! The speech starts & finishes with a token Māori greeting, but otherwise doesn’t acknowledge or respect the diversity and identity of New Zealand’s people and cultures. The Māori Health Authority was created to address the health inequities and disparities faced by Māori, who have poorer health outcomes and lower life expectancy than non-Māori. The abolishment shows a lack of understanding and empathy for the historical and contemporary factors that affect Māori health, such as colonisation, discrimination, poverty, and trauma. In the speech, the new Government proposes to remove references to the principles of the Treaty of Waitangi from other legislation.

December 07, 2023 03:34 UTC

It seems even our transport agencies don’t want Labour’s harbour crossing plans. In August the previous government and Waka Kotahi announced their absurd preferred option the new harbour crossing that at the time was estimated to cost $35-45 billion. It included both road tunnels and a wiggly light rail tunnel extending from Wynyard Quarter all the way to Albany. The report says that Auckland Council staff, along with Auckland Transport and the Ministry of Transport do not support the recommended option. The frustrating aspect to all of this is that the harbour crossing solution remains in plain sight.

December 07, 2023 01:36 UTC





nzherald.co.nz published this video item, entitled “Scattered glass, police pay and pre-loved Christmas | Focus Morning Bulletin, December 7” – below is their description. School athletics organisers find broken glass scattered on field, police pay issues rise amid the new minister’s expectations and why more Kiwis are buying second-hand this Christmas in the latest NZ Herald headlines. Full story: https://bit.ly/xxxxxxxxSubscribe and be notified of breaking news: https://goo.gl/LP45jXCheck out our playlists: https://goo.gl/Swd249Like NZ Herald on Facebook: https://goo.gl/tUC4oqFollow NZ Herald on Instagram: https://goo.gl/oLicXeFollow NZ Herald on Twitter: https://goo.gl/Wi6mbvnzherald.co.nz YouTube Channel

December 07, 2023 01:22 UTC

The November result brought the expected rise in services hiring, but an unexpected fall in manufacturing job levels. US exports of goods and services came in little different in October than September (-1.0%), but were +1.3% higher than year-ago levels. They held its target for the overnight rate at 5% for a third consecutive meeting, in line with market expectations, leaving borrowing costs at a 22-year high. The Australian 10 year bond yield is now at 4.23% and down another -6 bps from yesterday. That all means our TWI-5 starts today just on 70.7 and up +20 bps from this time yesterday.

December 06, 2023 22:03 UTC

Written By: notices and features - Date published: 5:30 pm, December 6th, 2023 - 12 commentsCategories: Daily review - Tags:Daily review is also your post. This provides Standardistas the opportunity to review events of the day. The usual rules of good behaviour apply (see the Policy). Don’t forget to be kind to each other …Share this: FacebookLinkedInRedditPinterestMastodonTwitterPrintEmail

December 06, 2023 16:34 UTC

Lauren Dickason: Sentencing of killer mom – who now sleeps with teddy bears – postponedSentencing for former SA doctor Lauren Dickason, who was found guilty of the murder of her young daughters in New Zealand, has been postponed. Convicted triple murderer mom Lauren Dickason is pictured with her husband, Graham, and their daughters, Photos: Facebook/ LaurenDickasonIn the latest news about the sentencing of Lauren Dickason, the convicted triple murderer will have to wait until February next year to hear her fate. Lauren Dickason: Sentencing postponed until 2024The former South African doctor’s sentencing date, which was initially set down for 19 December by Justice Cameron Mander, has now been vacated, according to the NZ Herald. Tragic triple murder: Here’s what happened on that fateful nightLauren Dickason has been found guilty of the murder of her three daughters. ALSO READ: Lauren Dickason trial: Cable ties vs ‘too violent and messy’ shows ‘premeditation’Dickason defenceDuring the headline-grabbing trial, her defence argued Dickason was still suffering from postpartum depression at the time of the killings.

December 06, 2023 15:58 UTC

But this approach assumed that even if global real interest rates rose, any increase would be gradual and temporary. The possibility that a sharp rise in interest rates would dramatically increase interest payments on existing debt, including debt held by central banks as bank reserves, was simply dismissed. While the world can certainly adapt to higher interest rates, the transition is still ongoing. The European Central Bank’s “whatever it takes” bailout policies appeared costless when interest rates were near zero, but it is unclear whether the bloc can survive future crises if real interest rates remain high. Moreover, while major emerging economies have managed to cope with high interest rates so far, they face enormous fiscal pressures.

December 06, 2023 15:03 UTC

Blasting local venues this summer with his industrial synth crust sonics, Schkeuditzer Kreuz unveiled Second Life: No Life Left Remixed late last week — as the name suggests, a collection of reworks from the artist's second album No Life Left. Roaming from ear-scraping breakbeat-scapes reminiscent of Tetsuo: The Iron Man to pulse-pounding EBM to skull-trepanning powernoise to mind-mashing doom, Second Life: No Life Left Remixed provides an ominous appetiser before Schkeuditzer Kreuz's first ever NZ tour. So, to hear people strip it down to its barest components and then build it back up into something new, in their own image – this is awesome to me. I love it when they’re ruthless and pay no heed to the original at all. Fuck, but I could not be happier – from crazy glitched out breakcore weirdness to oozing, sludgy heavy doom stuff to dancey as fuck 80s synth goth.

December 06, 2023 11:25 UTC

Struggling with the prospect of new titles for everything? Here to help. Among the early tasks of the new, three-handled broom of government is giving primacy to English names – it’s all laid out in the agreement between NZ First and National under the heading “Strengthening Democracy and Freedoms”.

December 06, 2023 07:18 UTC

Here's our summary of key economic events overnight that affect New Zealand, with news Moody's has downgraded the Chinese economy's outlook. The Australian 10 year bond yield is now at 4.29% and down a very sharp -26 bps from yesterday. The Kiwi dollar starts today at 61.3 USc and down another -40 bps from yesterday. That all means our TWI-5 starts today just on 70.5 and down a mere -10 bps from this time yesterday. The bitcoin price starts today at US$42,725 and up another +2.7% from this time yesterday.

December 06, 2023 06:30 UTC

ABC News published this video item, entitled “House explodes in Arlington, Virginia, while police serve search warrant, officials say” – below is their description. A house in Arlington, Virginia, exploded Monday night, shortly after officers were executing a search warrant at the residence for reports of a person discharging several rounds into a suburban neighborhood, officials said. Police said in a statement that a preliminary investigation indicated the suspect “discharged a flare gun approximately 30-40 times from inside his residence into the surrounding neighborhood.”The latest on the investigation: https://abcnews.go.com/US/house-explodes-arlington-virginia-after-flare-gun-shot/story?id=105379136ABC News YouTube Channel

December 05, 2023 17:44 UTC

Michael Bennett – known as Mike or Rambo to his whānau – was found dead by police on December 1. A hunter who was fatally shot in the Te Urewera Ranges in Ruatāhuna “will leave a massive hole in everyone’s hearts,” his family has said. Michael Bennett – known as Mike or Rambo to his whānau – was found dead by police responding to the activation of a personal locator beacon around 2am on December 1. “He was hard-working, driven and passionate about his farm, his hunting and diving endeavours and most importantly, his family,” one of Bennett’s grandchildren said. Whether alcohol or drugs were a contributing factor in the incident remains “part of our ongoing enquiries”, a spokesperson told Stuff.

December 05, 2023 16:49 UTC