Canterbury Earthquake - Market reaction
Audio, Radio New Zealand
The NZ dollar has tumbled and the stock market has fallen.
The NZ dollar has tumbled and the stock market has fallen.
The head of the stock exchange, Mark Weldon, is leading the Government's fundraising efforts for the Christchurch Earthquake Appeal.
Christchurch's Lyttelton Port says business has picked up about five per cent, as shops replace stock lost in the earthquake.
The chair of the inquiry in to the Earthquake Commission has grave concerns about the state of the housing stock in Christchurch due to EQC's failure to properly fix quake damage. It's just one of a raft of findings released by Dame Silvia Cartwright today, after a year and a half long inquiry that heard from hundreds of homeowners and key players. Conan Young has the story.
The Christchurch City councillor in charge of council housing says he accepts trenchant criticism from the Earthquake Recovery Minister that the council has been woeful in fixing its quake-damaged housing stock.
Sheep and cattle farmers in Hawke's bay have rallied round to help raise over 40 thousand dollars for the Christchurch Earthquake Fund.
Questions to Ministers 1. RAHUI KATENE to the Associate Minister of Health: When was the Core Clinical Committee established in Kawerau and how are iwi involved in the membership and functions of this joint taskforce to tackle youth suicide? 2. DAVID BENNETT to the Minister for Infrastructure: What progress is the Government making on its infrastructure investment programme? 3. Hon ANNETTE KING to the Prime Minister: What advice did he rely on when commenting in Australia on the safety of the Pike River coal mine? 4. NICKY WAGNER to the Minister of Corrections: What support has the Corrections Department provided in Canterbury since the first earthquake struck in September last year? 5. Hon DAVID PARKER to the Minister of Finance: Does he believe that in the current economic environment kiwi companies should be considered favourably with regards to big government contracts? 6. TIM MACINDOE to the Minister for Social Development and Employment: What parenting support is being made available for first-time parents? 7. Hon TREVOR MALLARD to the Prime Minister: In light of the answer given on his behalf to Oral Question No 2 on 15 June, is it his opinion that real average after-tax wages do not go up when high-income earners get tax cuts and low-income workers lose their jobs? 8. PAUL QUINN to the Minister of Customs: What recent reports has he received on developments to technology at the border? 9. GRANT ROBERTSON to the Minister of Health: Has sufficient funding been allocated in Vote Health to meet the increasing costs facing organisations working in the health sector? 10. KEVIN HAGUE to the Minister of Labour: Was she satisfied before the first explosion in the Pike River coal mine, that her Government had done all it could to ensure the workplace safety of people working in underground coal mines; if so, why? 11. COLIN KING to the Minister of Fisheries: What recent announcement has he made about the recovery of the western hoki stock? 12. DARIEN FENTON to the Minister of Labour: Does she stand by all her answers to Oral Question No 10 yesterday?
DAVID BENNETT to the Minister of Finance: How is the Government's economic programme supporting stronger regional job growth? Hon SHANE JONES to the Minister of Commerce: Is he aware of demands being made by the Countdown supermarket group for retrospective payments from New Zealand suppliers, with threats Countdown will not stock their products? JULIE ANNE GENTER to the Minister for Economic Development: Why is the Government holding up economic development in Auckland's CBD, according to Auckland City officials, by delaying the opening of the City Rail Link until 2025? ALFRED NGARO to the Minister for Social Development: What reports has she received about the state of the nation in relation to social outcomes? DENIS O'ROURKE to the Minister for Canterbury Earthquake Recovery: Is he aware of any proposals to transport asbestos-contaminated material from the Christchurch rebuild to sub-standard landfills? Hon ANNETTE KING to the Minister of Health: Is he satisfied New Zealanders are receiving timely and affordable healthcare? MARK MITCHELL to the Minister of Housing: What reports has he received on positive progress being advanced on the Government's housing agenda? DARIEN FENTON to the Minister of Labour: Does he agree with the Prime Minister's statement on the minimum wage that "I think we've been pretty fair in what we've done in the past and we probably will be in the future"? CLAUDETTE HAUITI to the Minister of Science and Innovation: How are the National Science Challenges bringing together the best scientific talent across New Zealand? HONE HARAWIRA to the Minister for Economic Development: Will he commit to spending the $41m on reducing child poverty, after signalling that he might not now give that money to Team New Zealand to compete in the next America's Cup? Dr RAJEN PRASAD to the Minister of Immigration: When he said in response to an oral question on 29 January 2014 that it was "a pretty simple process…to alert immigration authorities", what was his understanding of the process a complainant would go through? CHRIS AUCHINVOLE to the Associate Minister of Transport: What progress is being made in improving road safety?
Hon PHIL HEATLEY to the Minister of Finance: What reports has he received on the economy – and especially on further signs of economic momentum in the regions and among manufacturers? Dr RUSSEL NORMAN to the Minister of Finance: How much did the Government's share sales in Mighty River Power, Meridian, and Air New Zealand raise, given that the Supplement to the 2010 Investment Statement of the Government of New Zealand projected that those sales would raise $5.18 billion? Hon DAVID PARKER to the Minister for ACC: How much did ACC invest in Pike River Coal Limited and in New Zealand Oil and Gas Limited over the last eight years, and how much has it made or lost in total on its investment in each company, taking into account share purchases, subscriptions and sales, dividends, and current share prices? Rt Hon WINSTON PETERS to the Minister of Māori Affairs: Does he stand by his statement "I know Māori want to talk about the place of the Treaty of Waitangi in our constitution, and how our legal and political systems can reflect tikanga Māori."; if so, why? Hon SHANE JONES to the Associate Minister of Finance: Is he satisfied with his performance in regard to his delegations as Associate Minister of Finance? JONATHAN YOUNG to the Minister for Building and Construction: What reports has he received regarding the state of the building and construction sector? GARETH HUGHES to the Minister for the Environment: Did the Environmental Protection Authority assess the full version of Anadarko's Discharge Management Plan and Emergency Response Plan as part of its evaluation of the company's Environmental Impact Assessment for the Deepwater Taranaki Well; if not, why not? Hon CLAYTON COSGROVE to the Minister of Finance: When, if at all, did Cabinet approve the timing of the Air New Zealand sell-down and what directions did Cabinet give the shareholding Ministers? NICKY WAGNER to the Minister of Housing: What steps is the Government taking to rebuild Christchurch's housing stock damaged or destroyed by the earthquakes? Hon DAMIEN O'CONNOR to the Minister for Primary Industries: Does he stand by his statement "The opportunity, and challenge, for our meat producers now is to add value to different cuts of meat and continue to sell the New Zealand story"; if so, why? IAN McKELVIE to the Minister of Local Government: How is the Government improving councils' financial reporting? DARIEN FENTON to the Minister of Labour: Does he stand by his statement that "I am especially keen to hear what affected parties have to say on the Part 6A proposals in the Bill, and will carefully consider their submissions and the recommendations of the select committee"?