Govt forgoes millions in float
Govt forgoes millions in float
The Government appears willing to forgo millions of dollars of income to ensure the float of Meridian Energy gets investor interest.
Dene Mackenzie
Working harder to stay ahead in South
Working harder to stay ahead in South
It will come as no surprise to many how reliant Otago small and medium-sized enterprises are on the rural sector. Business editor Dene Mackenzie drills down into data released this week and finds some other interesting facts about the SME sector.
GDP grows 0.2%, despite drought
GDP grows 0.2%, despite drought
New Zealand had achieved one of the higher annual economic growth rates among the OECD countries, despite the worst drought in 70 years, Finance Minister Bill English said yesterday.
Markets surprised by US decision
Markets surprised by US decision
The Federal Reserve decision not to ease off on its money-printing programme caught financial markets by surprise and Westpac economist Imre Speizer says there will be major implications for New Zealand.
North Island market access for PGG
North Island market access for PGG
PGG Wrightson, the rural services firm controlled by China's Agria Corp, had access to the North Island market for the first time after buying two water businesses, Forsyth Barr broker Andrew Rooney said yesterday.
Market support tapering expected
Market support tapering expected
All eyes will be on the United States Federal Reserve as it makes its early morning announcement on whether or not it intends tapering its substantial monthly support to financial markets.
Balance of payments closer to 'truth'
Balance of payments closer to 'truth'
Large revisions to history caught economists by surprise yesterday when Statistics New Zealand released New Zealand's current account balance figures for June.
Parker's links give Labour South cover
Parker's links give Labour South cover
David Parker pledged his loyalty to the South after his election yesterday as deputy leader of the Labour Party.
Tower to pay 55c a share
Tower to pay 55c a share
Tower shareholders are in for a windfall of up to 55c a share as the insurance company returns a total of $114 million in capital, with $70 million being paid out in the first tranche.
Key defends Chorus criticism
Key defends Chorus criticism
The Opposition failed to land a blow on the Government yesterday regarding the treatment of lines company Chorus.
Research available to investors
Research available to investors
Independant research on state-owned power company Meridian Energy will be made available following feedback during the Mighty River Power offer which said more information was needed.
Asset sell-down on despite petition
Asset sell-down on despite petition
The Government is pressing with the partial sell-down of the three state-owned assets, unswayed by a petition recently presented to Parliament calling for the sales to stop.
US markets up 3.4% but 'risks remain'
US markets up 3.4% but 'risks remain'
The United States market has so far this month defied history and the abundance of event risks to post a 3.4% gain.
Abano sale against interests: chairman
Abano sale against interests: chairman
A possible sale of Abano on the terms offered by Archer Capital was not in the interests of the company or its shareholders, Abano chairman Trevor Janes said yesterday.
North expands as South feels financial pinch
North expands as South feels financial pinch
There was a clear North-South divide in the BNZ-BusinessNZ performance in services index for August as Otago-Southland and Canterbury-Westland remained below the significant 50-point mark.
House inventory low, price high: data
House inventory low, price high: data
No good news for buyers was contained in either of yesterday's two releases on New Zealand's residential real estate market, as inventory reached a new low and the national asking price remained high.
Fonterra has big plans for China
Fonterra has big plans for China
Fonterra Co-operative Group has played down the implications of the whey contamination scare as it pushes ahead with a plan to double its milk production in China.
Gap closes in Labour leadership vote
Gap closes in Labour leadership vote
Grant Robertson has a southern edge in his claim to become the Labour Party leader tomorrow but his main chance on beating David Cunliffe rests on how far north he can push his support.
Setting fees an issue
Setting fees an issue
Setting appropriate remuneration for a director or a chairman of a company is complex, Institute of Directors chief William Whittaker says.
The Warehouse set for growth
The Warehouse set for growth
Improving economic indicators in New Zealand should help underpin earnings growth for The Warehouse Group in the 2014 financial year, Forsyth Barr broker Suzanne Kinnaird said yesterday.