Diversification talk as dairy loses shine
Diversification is a hot topic in the agricultural sector, Westpac senior economist Anne Boniface says. Business editor Dene Mackenzie dissects the latest Westpac Agri Update.
Dene Mackenzie
OCR to remain at 1.75%; cuts likely to stay on table
OCR to remain at 1.75%; cuts likely to stay on table
The Reserve Bank will keep the official cash rate (OCR) at 1.75% on Thursday.
Capital income tax recommended: report
Capital income tax recommended: report
The Government seems likely to test public opinion before adopting a recommendation from the tax working group on adopting a form of capital gains tax.
Group's report to live up to hype: Deloitte
Group's report to live up to hype: Deloitte
The Tax Working Group's report released yesterday was disappointing and failed to live up to its hype, Deloitte Dunedin tax partner Phil Stevenson says.
World's debt burden higher than 2008; concerns mount
World's debt burden higher than 2008; concerns mount
The 10-year anniversary of the Lehman Brothers bankruptcy has been met with a lot of reflection about how things have changed since the dark days of 2008.
Economy performance a 'cracker'
Economy performance a 'cracker'
The New Zealand economy produced a cracker of a performance in the three months ended June, ASB senior economist Jane Turner says.
Synlait profit rises 56% to $138.6m
Synlait profit rises 56% to $138.6m
Dunsandel milk company Synlait has put its larger competitor Fonterra to shame after reporting an operating profit 56% higher than it reported for the same period last year.
Household expectations at a low
Household expectations at a low
New Zealand households are particularly concerned about the outlook for their own finances and the general economy over the next year, Westpac chief economist Dominick Stephens says.
Dairy prices continue to fall; production growth expected
Dairy prices continue to fall; production growth expected
New Zealand production would be a key factor for the direction of dairy prices for the rest of the season, ASB senior rural economist Nathan Penny said yesterday.
Tourism keeping deficit at bay
Tourism keeping deficit at bay
Tourism remains the saviour of New Zealand's external accounts, which in June continued the trend of deterioration started in 2017.
Kathmandu profit boosted by Australia
Kathmandu profit boosted by Australia
Retailer Kathmandu yesterday reported a profit in line with expectations, helped by a strong result in Australia, Forsyth Barr broker Suzanne Kinnaird said.
Air NZ traveller count continues to rise
Air NZ traveller count continues to rise
Air New Zealand continues to report substantial increases in the number of passengers it carries both on short-haul and long-haul flights.
Otago at top of ASB's regional scoreboard
Otago at top of ASB's regional scoreboard
The Otago economy is steaming, according to the latest ASB Regional Economic Scoreboard.
GDP data to show NZ on the rise: economist
GDP data to show NZ on the rise: economist
After a few quarters of patchy and subdued growth, the stars seem to have aligned for the New Zealand economy during the June quarter, Westpac senior economist Michael Gordon says.
Services index at lowest in five years
Services index at lowest in five years
The BNZ-BusinessNZ Performance of Services Index is at its lowest level in more than five years - more bad news for the Government which attracts criticism for ignoring business concerns.
The changing ways of news-gathering
The changing ways of news-gathering
Breaking some of my largest stories over the past 31 years required building a strong bond of trust with contacts and people who were prepared to give up information ahead of official announcements.
Dunedin’s knack for absorbing job losses
Dunedin’s knack for absorbing job losses
The ability of Dunedin to absorb job losses has always been an integral part of the city’s character.
The past not such a foreign country
The past not such a foreign country
Dene Mackenzie, the Otago Daily Times business and political editor, is retiring next week after 31 years at the newspaper. Sifting through his clippings collection, he finds - to no surprise - some things never change.
Little in price review report to concern electricity sector
Little in price review report to concern electricity sector
The electricity sector has little to worry about from the first report of the electricity price review, Forsyth Barr broker Damian Foster says.
Electricity review report released
Electricity review report released
Households are paying 79% more for their power than in 1990, but the Electricity Price Review says the industry is not making excessive profits, based on available evidence.