Wellington - The New Zealand stock market bounced back by 1.6 per cent Friday in the wake of the recovery on Wall Street as investors snapped up bargains after share prices fell by 5 per cent the previous day.
But it was a nervous recovery, with the benchmark NZX 50 index losing ground in the afternoon after gaining more than 2 per cent in morning trading.
It ended the day 44 points up, or 1.59 per cent, on 2808.76.
Wellington - Winston Peters, leader of the nationalist New Zealand First party and former foreign minister, vowed Thursday to fight to cut immigration if he is in the government after next month's general election.
"Immigration numbers will be cut to ensure Kiwis do not have to compete with immigrants for jobs as our economy goes into decline," he said at a campaign meeting in Nelson, a coastal city on the north end of the South Island.
"When times are tough internationally, immigrants are attracted to New Zealand like moths to a neon light," Peters said.
Wellington - New Zealand Prime Minister Helen Clark has flushed an energy-saving proposal to limit the flow of water in household showers down the gurgler after the public made it clear it was very cold on the idea, a newspaper reported on Wednesday.
Clark, who is fighting an election campaign to retain her job, ordered Building and Construction Minister Shane Jones to ditch a proposal to limit new showers to a flow of six litres a minute after a public outcry, the New Zealand Herald reported.