Financial markets have backtracked on expectations of an interest rate cut by the Reserve Bank in the wake of the Christchurch earthquake. Economics correspondent, Nigel Stirling, reports.
Tourist operators in Akaroa on the Banks Peninsula hit hard by the effects of the Christchurch earthquake are making a desperate push to lure back the tourists.
Principal of Banks Ave School, Murray Edlin, and Canterbury Primary Principals Association president, John Bangma, discuss the issue of earthquake damaged schools in property repairs funding shock.
Sandbags placed along the river bank to prevent flooding onto the road. The earthquake caused the ground in this area to subside, making it susceptible to flooding.
Sandbags placed along the river bank to prevent flooding onto the road. The earthquake caused the ground in this area to subside , making it susceptible to flooding.
A photograph captioned by BeckerFraserPhotos, "A view looking into the central city from the banks of the River Avon just below the Colombo Street bridge".
A video of students at Banks Avenue School participating in the nationwide ShakeOut earthquake drill. The ShakeOut earthquake drill was held on 29 September 2012 to help people prepare for an earthquake. More than 1.3 million New Zealanders participated in 2012.
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A photograph of a crack in a bank next to a motorway in Christchurch. A tape measure in the crack indicates that it is over five feet deep.
A photograph of a crack in a bank next to a motorway in Christchurch. A tape measure in the crack indicates that it is over six feet deep.
Photograph captioned by BeckerFraserPhotos, "High Street looking towards the Square".
Photograph captioned by BeckerFraserPhotos, "An aerial photograph showing extreme examples of lateral spreading on the banks of the River Avon near the rowing clubs at Kerrs Reach".
Photograph captioned by Fairfax, "Schools around Christchurch return back after a week off due to the earthquake. Banks Avenue school is situated in one of the worst hit areas".
The banks of the Avon River along Avonside Drive have been built up with gravel. The street is flooded, and has been closed off with fencing and road cones.
The banks of the Avon River along Avonside Drive have been built up with gravel. The street is flooded, and has been closed off with fencing and road cones.
The ANZ Bank Chambers on the corner of High and Lichfield Streets has been cordoned off from the public. WORLD, a clothing store was housed on the ground floor.
Lyttelton Port near Christchurch is now almost three and a half hectares larger than it was before the earthquakes - as earthquake rubble is dumped in the harbour to reclaim land.
A black and white historic photograph of the old BNZ Building, taken from Cathedral Square, 1929.
A sign reading, "Road closed" on a footpath beside the Kaiapoi River in Kaiapoi. Behind it excavators can be seen levelling a bank for a new footpath to be laid on.
The Australian-owned, ANZ Bank, is betting small and medium sized firms will drive earnings next year, bolstered by the Rugby World Cup and rebuilding of the earthquake-hit Canterbury region.
The Canterbury Civil Defence Duty Manager, James Thompson, says the Waimakariri River could breach its banks just south of Kaiapoi, and as a preacaution they have evacuated the Riverlands Holiday Park.
A photograph taken across the Avon River of large cracks in the bank between Park Terrace and the footpath. Road cones have been placed along the street to warn road users.
A collage of Lyttelton organised by the Lyttelton TimeBank in front of the Library. The public were asked to make a collage depicting the earthquake and their experiences in Lyttelton.
A collage of Lyttelton organised by the Lyttelton TimeBank in front of the Library. The public were asked to make a collage depicting the earthquake and their experiences in Lyttelton.
A collage of Lyttelton organised by the Lyttelton TimeBank in front of the Library. The public were asked to make a collage depicting the earthquake and their experiences in Lyttelton.
View down High Street. On the left is the ANZ Bank Chambers, which has been cordoned off with road cones and fencing. The Excelsior Hotel can be seen on the right.
A photograph captioned by BeckerFraserPhotos, "Brightly coloured safe doors on the side of a building on Hereford Street. The safes have exposed as a result of the demolition of a building".
Photograph captioned by BeckerFraserPhotos, "The intersection of Colombo and Armagh Streets looking south-west".
A digitally manipulated photograph of broken windows on Shadbolt House. The photographer comments, "This was close to the start of the demolition of the earthquake damaged Shadbolt House building in the Port of Lyttelton, New Zealand. In the bright sun the glass reflected the blue sky, but the broken windows only reflected the blackness of the interior of the empty broken building".
Photograph captioned by BeckerFraserPhotos, "A pile of building rubble from the BNZ bank with the All Seasons Hotel (left) and Holiday Inn (right) in Cashel Street. Photo taken in Hereford Street".