The annual current account deficit, at 4.9% of gross domestic product, was smaller than market forecasts but provided another opening for Opposition politicians keen to attack the Government on the high value of the New Zealand dollar.
A transtasman retirement savings portability scheme is expected to assist thousands of Australians and New Zealanders who have moved and worked in the two countries.
It took Dunedin businessman Lindsay Brown no time at all to decide to take on a newly-created role as Otago-Southland chairman of BNZ Partners.
The Government must push harder to remove one of the largest barriers to New Zealand's economic growth, that of double taxation for domestic companies operating in Australia, WHK tax principal Scott Mason said yesterday.
Fisher and Paykel Appliances shareholders could be ready to sell their stake after years of no dividends and a low share price.
The announcement that regulations will be in place by the end of the year to allow New Zealand membership of the Madrid Protocol will be welcomed, but Dunedin lawyer Sally Peart warns of some disadvantages.
New Zealand households feel financially worse off than three months ago but their reported willingness to spend indicates shoppers are still keen to snap up a bargain.
Confidence within the Otago-Southland service sector is stuck firmly in negative territory for the third constitutive month, but it might not be as bad as the overall figures suggest.
New Zealand's economic activity for the three months to June is expected to have grown slightly following a surprisingly strong result for March.
With the launch in the United States this week of the iPhone 5, the competition between Apple and Samsung to produce the smartest phone in the room shifted up a gear. Business editor Dene Mackenzie reports that both companies are good investment options.
Asian and transtasman sharemarkets rallied yesterday on news the United States Federal Reserve was prepared to step in and try to stimulate the US economy.
The New Zealand dollar climbed to US83 cents for the first time in nearly six months yesterday, after the Federal Reserve said it would begin a third round of financial stimulus to boost the world's largest economy.
Falling grocery prices and lower prices for restaurant and takeaway foods helped keep food-price inflation subdued in August.
More than two million members were enrolled in KiwiSaver and it was time many of those investors took a more active interest in how their funds were being managed, Forsyth Barr KiwiSaver specialist Damian Foster said yesterday.
The new iPhone 5 will be available in New Zealand on September 28 but the overseas jury is still out on whether buying the phone is a worthwhile option.
It was a case of economists at 20 paces yesterday when Infometrics senior economist Matt Nolan took issue with a Berl report prepared for New Zealand First leader Winston Peters.
The Reserve Bank held the official cash rate at 2.5% as expected but the main focus for markets will be what action the United States Federal Reserve took early this morning (about 3am) to help stimulate the US economy.
Demand for aged care facilities has led Ryman Healthcare to increase its building rate, Craigs Investment Partners broker Chris Timms says.
The Fisher and Paykel Appliances board is recommending shareholders take no action on the Haier Group takeover offer until an independent report is undertaken.
Haier Group, the Chinese home appliance company, last night formalised its takeover bid for Fisher & Paykel Appliances at $1.20 a share, valuing the whiteware manufacturer at $869 million.
