New Zealanders reported little damage after the North Island was shaken late yesterday by the largest earthquake since the first of a series of devastating temblors that struck Christchurch in late 2010.
Under John Key’s watch New Zealand’s unemployment rose to a decade high, the budget deficit ballooned and the country lost its top credit rating. That won’t stop the prime minister from registering the biggest election win in 60 years, according to opinion polls.
The combination of Chinese demand for homes, New Zealand’s pine forests and a Russian tax have been a boon amid an industry slump for Pacific Basin Shipping Ltd., Hong Kong’s largest dry-bulk carrier. Its biggest local rival has noticed.