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A further 255 residential orange zone properties are being re-zoned in Christchurch: 213 in Avonside, Burwood, Dallington and Wainoni have been re-zoned to red and 42 are to be re-zoned green.

A Christchurch man whose Avonside home has just been placed in the residential red zone says he did not expect the decision and had wanted to stay in the area.

Christchurch Deputy Mayor Ngaire Button says asset sales will have to be considered as a way of paying for the rebuilding of the city. Audio

Finance Minister Bill English says New Zealand is reasonably well insulated against a default by Greece, and he's hopeful leaders will stabilise the euro before a major meltdown.

Labour earthquake recovery spokesperson Lianne Dalziel, says there is pressure on Christchurch City Council to raise rates and sell assets.

The mayor of Christchurch says the Earthquake Recovery Minister has apologised to him for describing him as a clown.

Finance Minister Bill English is confident the New Zealand economy would weather any further economic disruption in Europe. Audio

Wednesday's headlines: Southern Steel netball franchise begging Netball NZ for financial assistance; harassment reported by woman who bottle-feeds her son; voting slow in Burwood-Pegasus byelection.

The Property Council says the draft central city plan for Christchurch will hinder the business community's efforts to rebuild. Audio

The reporting dates for the Pike River and Canterbury Earthquakes Royal Commissions have been extended.

Nine people are campaigning for a seat on the Christchurch City Council despite protests this week calling for the council to be dumped and fresh elections held.

New Zealand's first large-scale solar subdivision will be built in earthquake-stricken Christchurch as part of the city's rebuild.

Christchurch Mayor Bob Parker is going on a promotional trip to Asia next week. An anti-council protestor says that's bizarre.

The organiser of a 2000-strong protest in Christchurch says calling for a rates revolt is an option if the Government doesn't act on demands for fresh city council elections and a new CEO. Audio

Newly-released information shows Christchurch City Council chief executive Tony Marryatt received a $68,000 pay rise despite his performance being anything but stellar.

The Reserve Bank is now forecasting the rebuild of quake-hit Canterbury will not reach a peak until early 2013.

An economist says the Reserve Bank will be in no hurry to raise interest rates, as global turmoil continues to dominate the economic outlook. Audio

The Prime Minister says the Government is still on track to deliver a surplus in two years' time, though it will be smaller than the pre-election prediction. Audio

Christchurch mayor Bob Parker has called an informal meeting of all councillors and the Local Government Minister in order to attempt to heal the rifts that have developed within the city council.

New Zealand companies are taking longer to pay their bills according to a credit reporting agency. The average time in 2011 was 45.2 days.

The Reserve Bank is not expected to raise interest rates until at least the end of the year as the European debt crisis starts to hit global growth.