AGP Executive Report
Last update: 8 hours agoMarkets & Budget Watch: The NZX 50 climbed 0.3% on Friday and is up 2.6% for the month, helped by Vista Group’s surge after new cloud customers and Infratil’s jump on a major CDC data-centre contract, while ANZ’s surveys suggest May sentiment wasn’t as bleak as April. Monetary Policy: ANZ’s chief economist says the Government’s projected return to surplus may not happen, while the RBNZ is signalling rates may need to rise sooner. Banking & Regulation: ANZ will appeal a High Court ruling in a big class action over mortgage disclosure failures, with maximum liability estimated at about $125m. Health Infrastructure: Budget 2026 includes “critical” early funding for Tauranga Hospital redevelopment, covering design and enabling works ahead of later construction decisions. Aviation & Tax: Budget 2026 backs aircraft lease tax relief, but aviation groups warn skills shortages remain. Business & Consumer: McDonald’s New Zealand profit jumped to $108.7m as it plans six new restaurants, and Green Cross Health says it’s still in talks over a potential sale of its medical division. Tech & Safety: A study finds Singaporeans use AI for major life events but feel unconfident spotting scams and deepfakes.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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