Here's our summary of key economic events overnight that affect New Zealand, with news both equity and bond markets are displaying some nerves ahead of tomorrow's US Fed rate and policy decisions. The UST 10yr yield starts today up +3 bps at 4.35%. The Australian 10 year bond yield is now at 4.22% and up +2 bps from yesterday. And the NZ Government 10 year bond rate is now at 5.09% and up +1 bp. The Kiwi dollar starts today still in its recent yo-yo range and up about +10 bps from this time yesterday at 59.3 USc.

September 20, 2023 07:20 UTC

The Pre-Election Fiscal Update Changes Everything Within an hour of this speech there is going to be a debate between the political parties that the media, under MMP, still think are the only parties that matter in this campaign. Both of those parties are riddled with inexperience, as evidenced by ...

September 20, 2023 05:18 UTC

A recent helicopter crash on Mt Pirongia has prompted authorities to issue a “keep out” notice for the area until further notice. The crash occurred on the popular walking track, resulting in the death of the pilot. Authorities are currently investigating the cause of the crash and assessing the condition of the trail to ensure it is safe for public use. They are also asking for cooperation in sharing any information that may assist in the investigation into the crash. In this case, adhering to the “keep out” notice will contribute to the ongoing investigation and prevent any further incidents on Mt Pirongia.

September 20, 2023 00:59 UTC

The Pre-Election Fiscal Update Changes Everything Within an hour of this speech there is going to be a debate between the political parties that the media, under MMP, still think are the only parties that matter in this campaign. Both of those parties are riddled with inexperience, as evidenced by ...

September 19, 2023 21:46 UTC

For the last 5 years I have screamed at the middle class woke in New Zealand that their activism was creating culture war political ammunition for the Right. The manner in which middle class woke cancel culture activism has driven voters into the arms of the Right is an enormous issue the Left are going to have to confront at some stage. Imagine if MeToo hadn’t mutated into a Salem witch trial where the new evidential threshold becomes ‘whatever a person says on Twitter’. TDB Recommends NewzEngine.comImagine if the entire Identity Politics movement had sought to build class solidarity rather than alienating bullshit? If you can’t contribute but want to help, please always feel free to share our blogs on social media

September 19, 2023 21:44 UTC





Two men were found going through the skip bin around the back of the Briscoes building in Dunedin. Photo: ODT FilesTwo dumpster divers were reprimanded by Dunedin police for digging for treasure in the Briscoes skip bin last night. Senior Sergeant Anthony Bond, of Dunedin, said police were called to Crawford St at 12am after reports of two males going through the skip bin around the back of the Briscoes building. The 31-year-old and 32-year-old men were "trying to recover disposed of stock the store threw away". The two men were warned for their behaviour, Snr Sgt Bond said.

September 19, 2023 12:25 UTC

Retail petrol prices are forecast to rise to as much as $3.50 a litre for 91 octane by Christmas. Rising oil prices and a weak New Zealand dollar were putting pressure on petrol prices, with the New Zealand dollar trading around 59.2 US cents ahead of Tuesday's US Federal Reserve's announcement on interest rates. "The premium grades are already over $3.50 in some places. I'd imagine it would be over $3.20 within about a fortnight and we could be by Christmas closer to $3.50 than $3." "So don't expect air flights to be going down because fuel prices will be going up in that regard as well."

September 19, 2023 12:22 UTC

Written By: notices and features - Date published: 5:30 pm, September 19th, 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

September 19, 2023 10:38 UTC

Tuesday, 19 September, 2023 - 16:56The overwhelming highlight of the Great New Zealand Infrastructure Debate hosted by Infrastructure New Zealand, BNZ and Stuff was the high degree of political consensus that is developing on the provision of infrastructure. The challenge is now turning that consensus into progress and long-term certainty for the sector, says Infrastructure New Zealand’s Nick Leggett. "It is imperative that we turn this around and provide both the community and the infrastructure sector the confidence that there is a pipeline of projects being consented, funded and built to meet their needs." "The good news is that the changing political environment has seen far greater consensus develop across our five main political parties and that is extremely encouraging. The Great New Zealand Infrastructure Debate saw spokespeople from Labour, National, ACT, The Greens and New Zealand First discuss and agree on many of the solutions required."

September 19, 2023 04:28 UTC

Sky New Zealand has announced that Ciara McGuigan will join as Chief Financial Officer in March 2024. Sky NZ Chief Executive Sophie Moloney says: “Ciara is a highly-regarded leader and finance professional with a strong background in media, and we are thrilled that she will be joining the Sky team. Former Foxtel CFO James Marsh will be Interim CFO from October 2023 until Ciara joins Sky. “I am very grateful to Andrew for his excellent stewardship of the CFO role over the last five months. “James is well known to the Sky team, having successfully undertaken a number of Finance leadership and advisory projects for Sky in the last 2 years.

September 19, 2023 04:05 UTC

Rising mortgage interest rates have widened the gap between what it costs to buy a house versus renting one, according to BNZ chief economist Mike Jones. Interest costs are split equally across floating and 2-year fixed mortgage rates. To this we add maintenance, rates, and insurance costs at an assumed annual rate of 1.5% of the national median house price. "In terms of operational costs – the cash leaving a bank account each week – the costs of servicing a new house purchase are currently much more expensive than equivalent rent costs," Jones said. "Overall, it’s clear that high interest rates have widened the wedge between the costs of renting vs.

September 19, 2023 03:15 UTC

Live: Fired up Luxon and Hipkins spar over cost of living, crime and Covid in first leaders debate ... read more

September 19, 2023 03:05 UTC

New Zealand leg spinner, Ish Sodhi, has openly discussed the lingering pain from the 2019 World Cup final loss to England. Both teams managed to score 241 runs within their allotted 50 overs and then replicated that score with 15 runs each during the super-over showdown. “It’s like breaking up with your first girlfriend,” Sodhi was quoted as saying stuff.co.nzSodhi’s redemption questFast forward four years, and Sodhi has once again secured a coveted spot in New Zealand’s lineup for the ODI World Cup 2023 . In his maiden World Cup appearance in 2019 , the 30-year-old featured in just one match, an encounter that didn’t leave a significant mark. Sodhi’s World Cup 2023 challengeIn the 16 ODIs that Sodhi has played since the 2019 World Cup, he has managed to claim 16 wickets, maintaining an average of 41.

September 19, 2023 02:45 UTC

nzherald.co.nz published this video item, entitled “Rugby World Cup 2023: De Groot hit with two-match ban, to miss rest of pool matches | nzherald.co.nz” – below is their description. Coach Ian Foster plus players Richie Mo’unga and Rieko Ioane react to Ethan de Groot’s two-match ban following his independent judicial committee hearing in Paris. Full story: https://tinyurl.com/yn936wna Subscribe and be notified of breaking news: https://goo.gl/LP45jX Check out our playlists: https://goo.gl/Swd249 Like NZ Herald on Facebook: https://goo.gl/tUC4oq Follow NZ Herald on Instagram: https://goo.gl/oLicXe Follow NZ Herald on Twitter: https://goo.gl/Wi6mbv nzherald.co.nz YouTube ChannelGot a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

September 19, 2023 01:41 UTC

In this week's episode of Quillette Cetera I sit down with my friend Melody Rachel, a multifaceted artist from New Zealand who currently resides in Sydney. We discuss her upcoming one-woman show Demo, which she will be performing at the Sydney Fringe Festival. The audio versions can be found on Apple Podcasts, Spotify, or wherever you get your podcasts. I hope you like this week's episode. Stay tuned for upcoming interviews with sex researchers Rob Brooks and William Costello, heterodox sociologist Andrew Glover, nuclear-energy advocate Lea Booth, and Quillette founder Claire Lehmann.

September 19, 2023 01:24 UTC