The supply of rental properties nationwide continues to outpace demand, Trade Me Property reported today in their analysis of 2012’s final quarter. critical essay definition However, the property listing service suggested some potential home buyers may be driven into the rental market as the supply of properties for sale flattens out. Trade Me Property compares the numbers of properties listed …

Canterbury stands out in the latest Westpac McDermott Miller employment confidence survey, in which confidence overall stalled. The Westpac McDermott Miller Employment Confidence Index rose to 99.1 in the December 2012 quarter from 98.9 in the September quarter. Canterbury registered an index of 113.5, up from 110.9, and the highest of the regions surveyed. “Employment confidence in Canterbury has risen …

ew Zealand Oil & Gas’s pursuit of a more diversified global portfolio will take an important step with the spudding of the Parit Minyak-2 well onshore in Sumatra, Indonesia in a little under a fortnight. NZOG has a 22.5 percent interest in the Kisaran block, in the prolifically productive central Sumatran region. The planned well, to which NZOG will contribute …

Former National Bank chairman John Anderson concluded Timaru businessman Allan Hubbard had misled investors in his tangled affairs, in a report written shortly before Hubbard’s death in a car accident in September 2011. The report by Anderson and Deloitte insolvency specialist Rod Pardington has been released after a 16 month wait that included an appeal to the Ombudsman’s Office, which …

US fourth-quarter earnings season picks up speed in the coming days with some of the major banks reporting. A slew of banks are set to report this week, including Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup and Morgan Stanley. Earnings for financial companies in the S&P 500 grew 16 percent in the fourth-quarter, according to data compiled by Bloomberg. …

New Zealand shares rose for a fifth straight session, as the local market continued to bask in its status as relatively high yielding in an economy that’s growing modestly. Skellerup Holdings and Cavalier led gainers and Fletcher Building reached a 19-month high. The NZX 50 rose 12.67 points, or 0.3 percent, to 4131.754, a new five-year high. Within the index, …

essays about love Yashili International Holdings, which manufactures and distributes infant milk formula products in China, is the latest Chinese company looking to invest in New Zealand, with plans to build a 1.1 billion yuan ($210 million) processing plant. The Chaozhou City, Guangdong-based company’s board signed off on a project to set up a manufacturing facility in New Zealand to …

Michael Hill International, the jewellery chain that bears its founder’s name, said sales growth stalled in the second quarter, which limited earnings growth in the first half of the year. “December quarter sales, including the critical Christmas trading period, fell short of our forecasts and didn’t deliver the improvement over last year that the company had expected,” the Brisbane-based company …

Wall Street advanced as better-than-expected exports data from China underpinned hope the world’s second largest economy will help propel growth elsewhere. China’s overseas shipments jumped 14.1 percent from a year earlier last month. That compared with the 5 percent median forecast in a Bloomberg News survey of 40 economists. And the US replaced the EU last year as China’s largest …

New Zealand shares rose, pushing the NZX 50 Index to a new five-year high, as expectations of a pickup in building activity lifted companies such as Fletcher Building, Steel & Tube Holdings and Cavalier. PGG Wrightson rose to a 17-month high. The NZX 50 rose 15.54 points, or 0.4 percent, to 4119.08, the highest since November 2008. Within the index, …