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PRESS DIGEST-New Zealand newspapers - May 7
Reuters: [2008-05-06 21:52:00]
WELLINGTON, May 7 (Reuters) - Following are some of the lead stories from New Zealand metropolitan newspapers on Wednesday.
Stories may be taken from either the paper or Internet editions of the papers.
Reuters has not verified these stories and does not vouch for their accuracy.
DOMINION POST(www.stuff.co.nz)
Second junior doctor strike begins: As the second wave of junior-doctor strikes starts today, district health boards are counting the cost, one saying the first round set them back NZ$1 million.
- - - -
Greenhouse officials look at cutting speed limit: Government officials are looking at cutting the speed limit by 10kmh - and charging motorists to drive in urban centres - as ways of cutting greenhouse gas emissions.
- - - -
KiwiSaver 'will lead to asset testing': KiwiSaver has come in for a bashing by a right-wing think-tank that labels the incentive-loaded scheme a "pointless and hugely expensive straitjacket" on the economy. - - - -
NEW ZEALAND HERALD (www.nzherald.co.nz)
Fuel taxes slammed as too big a burden to bear: Critics have condemned the "unacceptable" burden placed on New Zealand consumers by planned new fuel taxes and levies. - - - -
Govt gives industry breathing space: The Government has yielded to pressure from key industry sectors, including agriculture, and given them more time to adjust to a cost on their carbon emissions. - - - -
19 in court and more on the way: Armed police give town's residents an early start to day Gang supporters were ordered from court yesterday during the appearances of 19 people linked to the Killer Beez and Tribesmen gangs who were facing major drugs charges.
- - - -
((Wellington newsroom tel +64 4 471 4234, fax +64 4 473 6212 wellington.newsroom@reuters.com)) Keywords: NEWZEALAND PRESS
TAKE A LOOK-Food price inflation
Reuters: [2008-05-06 21:30:00]
Concerns about rising food costs in developing nations are
growing as protests flare around the globe.
For latest stories click on codes in brackets:
LATEST STORIES
> UN says 60 pct extra food aid funds secured [nN06503444]
> Food crisis may turn tide in U.S. food-aid debate [nN06430362]
> Food crisis due to greed, says development bank [nL0697279]
> Food prices trigger second day of Mogadishu riots [nL06932903]
> Thai rice falls 10 pct, respite for importers [nSP241583]
> Mauritanian tells farmers to grow more food [nL06734413]
> SE Asian rice cartel plan "going nowhere" [nSP245411]
> ADB readies emergency food aid loans to Asia [nL06158532]
> UN joins fight against world food crisis-Ban [nN05401362]
> Abolish wasteful world food body-Senegal's Wade [nN05398705]
> Manila scraps rice tender, prices seen falling [nMAN141180]
> Many Haitians work to secure one meal a day [nN05376826]
> S.Africa weighs moves to curb food price impact [nL05236755]
> Mogadishu rocked by food protests [nL05113432]
> Central bankers doubt can act on food prices [nL05129983]
CAUSE
> Food export barriers could worsen shortages-EU [ID:nL17797794]
> Bad policy, not biofuel, push food price-Merkel[ID:nL17211135]
> Food prices may fuel Latam malnutrition-UN [ID:nN15463718]
> Haiti food crisis shows need for action-W.Bank [ID:nN12293062]
EFFECT
> Food crisis still playing out on world trade-US[ID:nJAK228926]
> Famine fears for N.Korea,Egypt raises salaries [ID:nL30437924]
> Food crisis may fuel malnutrition, not famine [ID:nL30195271]
> Kazakhs hit hard by rising world food prices [ID:nL30869029]
> Amazon destruction could surge with food prices[ID:nN29320802]
RESPONSE
> Manila says imported enough rice to meet demand [ID:nSP3132]
> Biofuels halt would ease food prices - group [ID:nN29326737]
> UN, World Bank tackle food crisis [ID:nSP192236]
> India acts to quash inflation, guard supplies [ID:nBOM95495]
> Concentrate on making 08 harvest a success-FAO [ID:nSP94899]
ANALYSIS/FEATURES/BACKGROUND
> Big business muddies EU's biofuels debate [ID:nL29123749]
> Farmers face climate test in quest for more food[ID:nSP284721]
> Rice,wheat prices diverge as fundamentals clash[ID:nKLR229596]
> China wary of importing food inflation [ID:nPEK3877]
> Japan pushes rice as solution to food fears [ID:nT22380]
FACTBOXES
> Food price rises spark protests, hoarding [nL05374891]
> TAKE A LOOK-Rice prices surge [ID:nSP156418]
> Why have rice prices surged to record highs? [ID:nSP90048]
> The ABD's plan to fight Asian food inflation [ID:nL03417096]
> World's main exporters and importers of food [ID:nL18356077]
((Chicago commodities desk, + 1 312 408-8144))
Keywords: FOOD PRICES/LOOK
RPT-POLL-NZ cash rate, jobs, market indicators
Reuters: [2008-05-06 21:06:00]
WELLINGTON, April 30 (Reuters) - This is a Reuters poll of
economists' expectations for the Reserve Bank of NZ's monetary
policy statement on June 5 and for the following data to be
released by Statistics New Zealand:
* Household Labour Force Survey, March quarter.
The poll also includes forecasts for the market indicators --
the official cash rate, wholesale short-term interest rates, the
New Zealand dollar trade weighted index (TWI) <=NZD>, NZD/USD
<NZD=>, and 10-year government bond yield <NZ10YT=RR>.
---------------------------------------------------------------
RBNZ official cash rate: June 5, 9 a.m. (2100 GMT)
NEXT MOVE JUN RISK (pct) SEP 30 DEC 31 MAR 31
bps +25 NIL -25
ANZ-Natnl Sept '08 (-25) 5 85 10 8.00 7.50 7.00
ASB Bank Dec '08 (-25) 0 80 20 8.25 8.00 7.50
BNZ Dec '08 (-25) 0 85 15 8.25 8.00 7.50
Barclays Q4 '08 (-50) 0 90 10 8.25 7.75 7.25
Deutsche Dec '08 (-50) 0 95 5 8.25 7.75 7.00
FNZ Capital Mar '09 (-50) 0 90 10 8.25 8.25 7.75
4CAST Q3 '08 (-25) 0 75 25 8.00 7.75 7.50
GS JBWere Jun '08 (-25) 0 60 40 7.50 7.00 6.50
ICAP Q3 '08 (-25) 0 75 25 8.00 7.50 7.00
Infometrics Sep '09 (-25) 0 80 20 8.25 8.25 8.25
JPMorgan Q1 '09 (-25) 0 65 35 8.25 8.25 8.00
Macquarie Sep '08 (-25) 0 75 25 8.00 7.75 7.25
RBCCM Q4 '08 (-50) 10 55 35 8.25 7.75 7.00
TD Sec'ties Oct '08 (-25) 0 75 25 8.25 8.00 7.50
UBS NZ Dec '08 (-25) 0 60 40 8.25 8.00 7.50
Westpac Q1 '09 (-25) 0 85 15 8.25 8.25 8.00
MEDIAN: 0 78 23 8.25 7.88 7.50
AVERAGE: 1 77 22 8.14 7.86 7.41
RANGE: 0-10 55-95 5-40
PVS MEDIAN: (April 18) 0 80 10 8.25 8.00 N/A
----------------------------------------------------------------
HOUSEHOLD LABOUR FORCE SURVEY, MARCH QTR (12 RESPONDENTS)
SNZ release May 8
(pct change) Median Average Range
Qtrly employment growth +0.1 0.0 -0.7 to +0.7
Annual employment growth +1.3 +1.4 +0.7 to +2.2
Unemployment rate 3.5 3.5 3.4 to 3.8
Participation rate 68.6 68.6 68.4 to 69.1
----------------------------------------------------------------
MARKET INDICATORS, AT JUNE 30, 2008 (10 RESPONDENTS)
Previous median in brackets
Median Average Range
Official Cash Rate (OCR) 8.25 (8.25) 8.23 8.00 to 8.25
90-day bank bills 8.80 (8.80) 8.60 7.80 to 8.91
NZD TWI 69.6 (69.6) 70.1 67.7 to 72.8
NZD/USD (cents) 78.0 (78.0) 78.0 70.0 to 82.0
10-yr govt bond yield 6.40 (6.40) 6.50 5.80 to 7.90
----------------------------------------------------------------
MARKET INDICATORS, AT MARCH 31, 2009 (10 RESPONDENTS)
Median Average Range
Official Cash Rate (OCR) 7.50 (7.38) 7.45 6.50 to 8.25
90-day bank bills 7.70 (8.00) 7.70 6.30 to 8.70
NZD TWI 66.0 (66.5) 66.1 61.6 to 74.1
NZD/USD (cents) 70.0 (70.0) 70.9 66.0 to 79.9
10-yr govt bond yield 6.20 (6.30) 6.20 5.50 to 6.80
----------------------------------------------------------------
Respondents to the poll: ANZ-National Bank, Bank of NZ,
Deutsche, First NZ Capital, Goldman Sachs JBWere, Infometrics,
JPMorgan, UBS, Westpac, 4CAST.
((Wellington newsroom tel +64 4 471-4234, fax +64 4 473-6212,
wellington.newsroom@reuters.com))
Keywords: NEWZEALAND ECONOMY/POLL
DIARY-New Zealand - May 7 to June 30
Reuters: [2008-05-06 21:02:00]
This diary is updated daily and new items or amendments
are marked with an asterisk.
NOTE: Statistics NZ data 10:45 a.m. (2245 GMT).
For NZ data forecasts, double click on [NZ/POLL]
For main NZ economic indicators, double click on [NZ/STAT]
===============================================================
May 7 - Reserve Bank of New Zealand financial stability
report, 9 a.m. (2100 GMT)
Kirkcaldie & Stains Ltd <KRK.NZ> half year result
===============================================================
May 8 - Household labour force survey, first quarter
May 9 - Genesis Research and Development Corp Ltd <GEN.NZ>
annual meeting
May 12 - Quotable Value house price index
- Accommodation survey, March month
May 13 - Food price index, April month
- NZ government Treasury bills tender, results 1 p.m.
(0100 GMT)
May 14 - Offshore holdings of NZ govt securities, April,
3 p.m. (0300 GMT)
- Kiwi Income Property Trust <KIP.NZ> annual result
May 15 - Retail sales, first quarter and March month
- NZ government bond tender, results 1 p.m. (0100 GMT)
- BNZ-Business NZ performance of manufacturing index,
April
- Trustpower Ltd <TPW.NZ> annual result
May 16 - Producers price index, first quarter
- Capital goods price index, first quarter
May 19 - BNZ-Business NZ performance of services index,
April
May 20 - External migration, April
- Infratil Ltd <IFT.NZ> annual result
- NZ government Treasury bills tender, results 1 p.m.
(0100 GMT)
May 21 - Electronic card transactions, April
- Credit card billings, 3 p.m. (0300 GMT)
- Fisher & Paykel Healthcare <FPH.NZ> annual result
May 22 - Rakon Ltd <RAK.NZ> annual result
- Ryman Healthcare Ltd <RYM.NZ> annual result
- Austral Pacific Energy Ltd <APX.NZ> special and
annual meetings
- NZ government annual budget, 2 p.m. (0200 GMT)
- National Bank of NZ regional trends
May 23 - Renaissance Corp Ltd <RNS.NZ> annual meeting
May 26 - Overseas merchandise trade, April
May 27 - CDL Investments NZ Ltd <CDL.NZ> annual meeting
- Millenium & Copthorne Hotels NZ Ltd <MCK.NZ> annual
meeting
- NZ government Treasury bills tender, results 1 p.m.
(0100 GMT)
- RBNZ survey of expectations, 3 p.m. (0300 GMT)
May 28 -*Sanford Ltd <SAN.NZ> half year result
May 29 - NZ government bond tender, results 1 p.m. (0100 GMT)
- RBNZ foreign currency assets and liabilities,
3 p.m. (0300 GMT)
- NZ household claims, 3 p.m. (0300 GMT)
- Tower Ltd <TWR.NZ> half year result
- National Bank of NZ business outlook, 3 p.m.
(0300 GMT)
May 30 - Building consents, April
- Mainfreight Ltd <MFT.NZ> annual result
June 2 - Queen's Birthday public holiday
Jun 3 - NZ government Treasury bills tender, results 1 p.m.
(0100 GMT)
Jun 4 - ANZ commodity price index, 3 p.m. (0300 GMT)
Jun 5 - Reserve Bank of New Zealand Monetary Policy
Statement, 9 a.m. (2100 GMT)
Jun 5 - Wholesale trade survey, March quarter
Jun 9 - Value of building works, March quarter
- Quotable Value house price index
Jun 10 - NZ government Treasury bills tender, results 1 p.m.
(0100 GMT)
Jun 11 - Overseas trade indices (price and volumes), March
quarter
Jun 12 - Accommodation survey, April
- Food price index, May
- NZ government bond tender, results 1 p.m. (0100 GMT)
- BNZ-Business NZ performance of manufacturing index,
May
Jun 13 - Retail trade survey, April
Jun 16 - Economic survey of manufacturing, March quarter
- Offshore holdings of NZ govt securities, May,
3 p.m. (0300 GMT)
Jun 17 - NZ government Treasury bills tender, results 1 p.m.
(0100 GMT)
Jun 18 - Turners & Growers Ltd <TUR.NZ> annual meeting
Jun 19 - Electronic card transactions, May
- Restaurant Brands Ltd <RBD.NZ> annual meeting
Jun 20 - External migration, May
Jun 23 - Credit card billings, 3 p.m. (0300 GMT)
- Eastern Hi Fi Group Ltd <EFH.NZ> annual meeting
- CER Group Ltd <CER.NZ> annual meeting
Jun 24 - NZ government Treasury bills tender, results 1 p.m.
(0100 GMT)
Jun 26 - Balance of payments, March quarter
- NZ government bond tender, results 1 p.m. (0100 GMT)
Jun 27 - Gross domestic product, March quarter
- Overseas merchandise trade, May
- RBNZ foreign currency assets and liabilities,
3 p.m. (0300 GMT)
- NZ household claims, 3 p.m. (0300 GMT)
Jun 30 - Building consents, May
- National Bank of NZ business outlook, 3 p.m.
(0300 GMT)
---------------------------------------------------------------
Reuters Terminal subscribers can also access the following
diaries:
- Reserve Bank of NZ <RBNZINDEX>
- Diary of top economic events [NZ-DIARY]
---------------------------------------------------------------
Sources: Statistics NZ, NZ Stock Exchange, NZ govt sources,
event hosts.
((Wellington newsroom +64 4 471 4234, fax +64 4 473 6212
wellington.newsroom reuters.com))
Keywords: NEWZEALAND DIARY
TAKE A LOOK-Food price inflation
Reuters: [2008-05-06 17:36:00]
Concerns about rising food costs in developing nations are
growing as protests flare around the globe.
For latest stories click on codes in brackets:
LATEST STORIES
> Food crisis due to greed, says development bank [nL0697279]
> Food prices trigger second day of Mogadishu riots [nL06932903]
> Thai rice falls 10 pct, respite for importers [nSP241583]
> Mauritanian tells farmers to grow more food [nL06734413]
> SE Asian rice cartel plan "going nowhere" [nSP245411]
> ADB readies emergency food aid loans to Asia [nL06158532]
> UN joins fight against world food crisis-Ban [nN05401362]
> Abolish wasteful world food body-Senegal's Wade [nN05398705]
> Manila scraps rice tender, prices seen falling [nMAN141180]
> Many Haitians work to secure one meal a day [nN05376826]
> S.Africa weighs moves to curb food price impact [nL05236755]
> Mogadishu rocked by food protests [nL05113432]
> Central bankers doubt can act on food prices [nL05129983]
CAUSE
> Food export barriers could worsen shortages-EU [ID:nL17797794]
> Bad policy, not biofuel, push food price-Merkel[ID:nL17211135]
> Food prices may fuel Latam malnutrition-UN [ID:nN15463718]
> Haiti food crisis shows need for action-W.Bank [ID:nN12293062]
EFFECT
> Food crisis still playing out on world trade-US[ID:nJAK228926]
> Famine fears for N.Korea,Egypt raises salaries [ID:nL30437924]
> Food crisis may fuel malnutrition, not famine [ID:nL30195271]
> Kazakhs hit hard by rising world food prices [ID:nL30869029]
> Amazon destruction could surge with food prices[ID:nN29320802]
RESPONSE
> Manila says imported enough rice to meet demand [ID:nSP3132]
> Biofuels halt would ease food prices - group [ID:nN29326737]
> UN, World Bank tackle food crisis [ID:nSP192236]
> India acts to quash inflation, guard supplies [ID:nBOM95495]
> Concentrate on making 08 harvest a success-FAO [ID:nSP94899]
ANALYSIS/FEATURES/BACKGROUND
> Big business muddies EU's biofuels debate [ID:nL29123749]
> Farmers face climate test in quest for more food[ID:nSP284721]
> Rice,wheat prices diverge as fundamentals clash[ID:nKLR229596]
> China wary of importing food inflation [ID:nPEK3877]
> Japan pushes rice as solution to food fears [ID:nT22380]
FACTBOXES
> Food price rises spark protests, hoarding [nL05374891]
> TAKE A LOOK-Rice prices surge [ID:nSP156418]
> Why have rice prices surged to record highs? [ID:nSP90048]
> The ABD's plan to fight Asian food inflation [ID:nL03417096]
> World's main exporters and importers of food [ID:nL18356077]
((Chicago commodities desk, + 1 312 408-8144))
Keywords: FOOD PRICES/LOOK
Next: TAKE A LOOK-Food price inflation