Wellington - The governor of New Zealand's Reserve Bank, Alan Bollard, rebuked trading banks on Wednesday for raising interest rates on home mortgages even after the central bank dropped its benchmark rate to a record-low 3 per cent last month.
He issued a rare statement repeating that New Zealand's recovery from recession is expected to be very gradual: "In these circumstances we believe the rise in longer-term interest rates is unwarranted and inconsistent with the monetary policy outlook."
Wellington - A seriously injured hiker spent two days dragging himself 3 kilometres down a New Zealand glacier with a suspected broken ankle and wrist after falling down a cliff in the Southern Alps, news reports said Wednesday.
Matthews Briggs, 33, had lain injured for a week hoping that friends would raise the alarm and searchers would find him. But he eventually set off for a mountaineers' hut, thinking: "If I don't get out of here, I'm going to die here," the Dominion Post reported.
New York - The UN General Assembly approved on Tuesday New Zealand's former prime minister Helen Clark as the new administrator of the UN Development Programme.
UN Secretary General Ban Ki-moon nominated Clark last week to replace outgoing UNDP head Kemal Dervis of Turkey.
"Helen Clark was selected, amongst a group of excellent candidates, for her outstanding qualifications and numerous accomplishments in her long career," said UN spokeswoman Michele Montas in an official statement.
Here’s sad news for Chennai Super Kings. Kiwi all-rounder Jacob Oram might pull out of the much awaited Indian Premier League (IPL)'s second season, if a pesky Achilles tendon injury, which has been ailing him for sometime now, stops his involvement in the domestic State Championship final on April 6..
Chennai Super Kings picked the Kiwi all-rounder for a massive 675,000 dollars last year. Oram played a big role with both bat and ball in Chennai's first three wins in the last season of the IPL.
Auckland (New Zealand), Mar. 31 : New Zealand all-rounder Jacob Oram has said that he may opt out of 675,000 dollar Indian Premier League contract if he fails to complete the State Championship final.
The injury-plagued all-rounder is suffering from an aggravated Achilles tendon injury, and after consulting New Zealand Cricket''s medical staff it was decided he should miss the current match and aim for the five-day final against Auckland, starting on April 6.
Wellington - The governor of New Zealand's Reserve Bank, Alan Bollard, rebuked trading banks on Wednesday for raising interest rates on home mortgages even after the central bank dropped its benchmark rate to a record-low 3 per cent last month.
Wellington - New Zealand has withdrawn
Wellington - A seriously injured hiker spent two days dragging himself 3 kilometres down a New Zealand glacier with a suspected broken ankle and wrist after falling down a cliff in the Southern Alps, news reports said Wednesday.
New York - The UN General Assembly approved on Tuesday New Zealand's former prime minister Helen Clark as the new administrator of the UN Development Programme.
Here’s sad news for Chennai Super Kings. Kiwi all-rounder Jacob Oram might pull out of the much awaited Indian Premier League (IPL)'s second season, if a pesky Achilles tendon injury, which has been ailing him for sometime now, stops his involvement in the domestic State Championship final on April 6..
Auckland (New Zealand), Mar. 31 : New Zealand all-rounder Jacob Oram has said that he may opt out of 675,000 dollar Indian Premier League contract if he fails to complete the State Championship final.
