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17 Apr 2024

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Unemployment jumps as UK jobs market stalls
The slowing jobs market has raised questions over when the Bank of England might cut interest rates.

Finding Neutral: Estimates of New Zealand’s Nominal Neutral Interest Rate
Due to New Zealanders’ high inflation expectations, the Official Cash Rate (OCR) would currently need to be about 3.9 percent to neither tap the brakes nor push on the accelerator of the economy, the Reserve Bank’s new Bulletin article shows

Iran's military leadership rates Israel attack as success

Brazil judge suspends Petrobras chair over conflict of interest

Watercare signals possible 25% increase in water rates
Auckland's water provider chair says she knows struggling residents won't welcome the prospect.

Targeted rates for Westport to increase 539 percent
West Coast ratepayers face targeted rates well above the 27 percent or 44 percent general rates increase proposed by the regional council - particularly in Westport.

Slowdown in sales, high interest rates hit business confidence
More businesses believe economic conditions will get worse in the coming year.

Federated Farmers welcomes probe into rural banking interest rates
The Primary Production Select Committee has started an investigation into rural banking.

Students' tips for high attendance: 'Push through' minor illnesses to come to school
As the government announces a crackdown on truancy, students with high attendance rates say they ignore coughs and runny noses and go to class.

Hamilton mayor's Anzac trip to Belgium criticised amid massive rates rise
Hamilton's mayor will travel to Belgium for Anzac Day at the same time the city's residents are facing their biggest rates rise in two decades.

Thames Water troubles swell as parent firm defaults
Holding company Kemble has told lenders that it has failed to meet a deadline for interest payments.

Whanganui eyes $16m in asset sales to offset rates
Whanganui council is seeking ratepayer support to sell $16 million of assets in the next year to keep its rates increase to 10.6 percent, but is not yet sure which ones.

Kaikoura ratepayers face 14.5 percent rates hike
The Kaikoura District Council is proposing an average 14.5 percent rates rise in its draft 2024/34 Long Term Plan.

Hastings homeowners may face 25% rates increase
Mayor Sandra Hazlehurst says the council has to get its infrastructure rebuilt after Cyclone Gabrielle.

Recession, high interest rates take toll on construction industry
Tony Boyce threw "mega bucks" into his company to try keep it afloat but with no work coming in, he has to close it down for good.

Big Tech will outperform in a high interest rate environment: Wall Street pros

Eric Fa'anoi - a view from both sides of the fence
Country Life: A visit to his ancestral village in Samoa has helped a young man from Porirua unearth his interest in agriculture.

Wool keratin-based pigment attracts international interest
Products made from New Zealand's strong wool clip are set to colour the world.

West Coast ratepayers must decide: 27% rates hike, or 44%?
West Coast ratepayers face an either 27 percent or 44 percent rates hike after increases were "held artificially low for too long".

Can troubled Thames Water avoid collapse?
The future of the UK's biggest water firm is uncertain as its parent company defaults on interest payments.

UK house prices fall for first time in six months
Prices fell in March with higher mortgage rates affecting affordability, the Halifax says

Immigration declines nearly half of study visa applications from India so far this year
Agents say fraud and tougher rules are driving high refusal rates for foreign students applying from India.

More houses for sale, high interest rates keep price gains low
The run of three softer results in a row for the House Price Index was expected, according to CoreLogic NZ's chief property economist.