Returns simply super
Returns simply super
Strong returns from investments again helped the New Zealand Superannuation Fund reach another month-end high, this time of $22.5 billion.
Dene Mackenzie
Big four increase earnings 7.3%
Big four increase earnings 7.3%
Australia's four major banks, which each own an operation in New Zealand, delivered combined earnings of $A13.4 billion ($NZ16.1 billion) for the six months ended March, up 7.3% on the previous corresponding period.
Fewer Kiwis crossing the Ditch
Fewer Kiwis crossing the Ditch
The number of New Zealanders moving to Australia to search for a better life and job opportunities slowed substantially last month to reach the lowest level since December 2010.
Chch airport CEO leaving
Chch airport CEO leaving
Longtime Queenstown businessman Jim Boult will step down as Christchurch International Airport chief executive at the end of the year when his contract expires.
Govt share float puts market back on investors' radar
Govt share float puts market back on investors' radar
Investor confidence has reached a two-year high as New Zealand investors seek higher yields against a background of more benign risk and higher returns from shares, the ASB Investor Confidence Index shows.
Opinion: It's a win for the South
Opinion: It's a win for the South
Budget 2013 provides plenty for the South, writes ODT political editor Dene Mackenzie.
F&P expansion means more jobs
F&P expansion means more jobs
Fisher and Paykel Appliances has committed to taking on more staff in its Dunedin product design centre as part of an expansion plan being driven by Chinese owner Haier, the world's largest appliance manufacturer.
Opera to Elton, a musical night to remember
Opera to Elton, a musical night to remember
Few people can take on Freddie Mercury and give even an adequate imitation of the late singer's special qualities. But last night Jonathan Ansell, of the Seven Irish Tenors, did just that.
Research boost plays to city's strengths
Research boost plays to city's strengths
Discussions around the commercialisation of research from the University of Otago will take on a different dimension following a $130 million Government investment into Kiwi research and development.
S&P issues warning of economic vulnerability
S&P issues warning of economic vulnerability
Eight New Zealand second-tier lenders, including Heartland Bank and Credit Union South, have been put on notice by Standard and Poor's that recent strong growth in house prices could escalate.
Meridian confirmed as next for sale
Meridian confirmed as next for sale
Meridian Energy has been confirmed as the next state-owned electricity generator to be partly sold down and listed on the New Zealand Stock Exchange (NZX) in the second half of this year.
New measures to address financial stability confirmed
New measures to address financial stability confirmed
The Reserve Bank has been given the go-ahead to implement extra measures which could affect future home buyers by requiring greater deposits before loans are approved.
Predicted $75m barely qualifies as surplus
Predicted $75m barely qualifies as surplus
The Government reaffirmed its commitment to have its books back in surplus by 2015 but at $75 million, the surplus remains in the category of margin for error.
Opinion: Election year comes into sight
Opinion: Election year comes into sight
The Budget today has important implications for the Government, as it aims to put in place social spending initiatives which will come into effect in April or June 2014, giving them time to settle in before the general election later in the year.
Meridian may be next to market
Meridian may be next to market
The Government is expected to announce today the next state-owned energy company to be partly sold down and if it is Meridian Energy, the float will dwarf all in the past two decades.
Budget tipped to boost confidence
Budget tipped to boost confidence
Budget 2013 would engender business confidence and demonstrate further improvement in New Zealand's financial position, BNZ senior economist Craig Ebert said yesterday.
NZ economy 'ticking along nicely'
NZ economy 'ticking along nicely'
Retail sales data out yesterday provided further evidence the New Zealand economy was ''ticking along nicely'', BNZ head of research Stephen Toplis said.
SkyCity to embark on biggest spend
SkyCity to embark on biggest spend
SkyCity is about to embark on unprecedented spending as it prepares to build the New Zealand International Convention Centre and upgrade its Adelaide casino, Morningstar analyst Nachi Moghe says.
South escapes worst of property bubble
South escapes worst of property bubble
Three southern regions are escaping the worst of the country's property bubble although Queenstown, by itself, is still showing growth in median price and remains slightly ahead of metropolitan Auckland.
Urgency likely on SkyCity
Urgency likely on SkyCity
The Government is likely to move into urgency to pass legislation allowing SkyCity Entertainment to build a $402 million convention centre in Auckland in exchange for concessions to its gambling operations.