Mycoplasma bovis now on 17 farms

Three new properties have been identified as being infected with the Mycoplasma bovis bacterial cattle disease, bringing the total to 17, but the Ministry of Primary Industries still believes eradication is possible. “Eradication…

Geoff Simmons takes aim at the Government for its 'middle class cheerleading', arguing we are being softened-up for a watering-down of Labour's child poverty reduction goals

Tweet By Geoff Simmons* It appears we are being softened-up for a watering-down of Labour’s target on child poverty. Their initial plan was to reduce the number of children in poverty by 100,000. Their much vaunted Families Package alone was predicted to reduce poverty by around 88,000 (compared to National’s tax cut package with 50,000). But apparently someone in Treasury …

We have had seven years where the growth in the number of workers has been faster than the growth in beneficiaries, despite the ageing population. But is that trend about to reverse?

Tweet The ratio of the number of workers-per-adult-beneficiary has risen to 2.0 times as at the end of 2017, continuing a seven year trend higher. In September 2009 it was just 1.7x, having fallen from 2.4x in 2004, its recent high. (Our data starts at 1999 when it was just over 2.1x.) Improvements (a rising number of workers per beneficiary) …

The Opening Bell: Where currencies start on Thursday, January 18, 2018

Tweet By Dan Bell The NZDUSD opens at 0.7314 (mid-rate) this morning. The NZD came under pressure yesterday afternoon following the release of the ANZ commodity price index result for December. The index fell for the third month in succession, down 2.2% from November, with a 5.6% fall in dairy prices leading the way. The move lower proved to be …

NZD is trading just above the 0.7300 USD mark this morning; USD movements driven by possibility of government shutdown; US 10-year rates have been trading between 2.54-2.57% since the NZ close; local rates stable

Tweet By Jason Wong The NZD has recovered overnight after slipping through the local trading session on little news.  Bitcoin continued to plunge, falling as low as $9185 this morning, which still seems about $9000 too high. Market volatility remains suppressed but there have been a few ups and downs in the NZD over the past 24 hours, with the …