The Reserve Bank is expected to leave its official interest rates at the current low of 2.5% when it meets on Thursday but the strength of the New Zealand dollar will be of some concern to governor Alan Bollard.
Cavalier shareholders voted with their cash yesterday after learning the company was suspending dividends and indicating a turnaround in fortunes for the carpet manufacturer.
European Commission ambassador David Daly has fulfilled a long-time wish to visit Dunedin, the former home to a colleague and boss. During a tour of the city with his family, Mr Daly stopped in to chat to business editor Dene Mackenzie about the state of the Union.
Employers will face some hard and expensive choices if the Inland Revenue Department follows through on its treatment of salary trade-offs, Polson Higgs tax partner Michael Turner says.
Work on the privatisation of ACC was progressing well but ACC Minister Judith Collins would only say yesterday that announcements would be made about employer choice in due course.
Mortgage rates seem likely to stay at their current lows as inflation continues to slide back to the lower half of the Reserve Bank's target of 1% to 3%.
Dairy farmers should begin preparing for a potentially lower milk price forecast for the 2012-13 season, Federated Farmers dairy chairman Willy Leferink warned yesterday.
Summerset, New Zealand's third-largest retirement village operator, is becoming a market favourite, and Craigs Investment Partners brokers has recommended investors increase their holdings.
New Zealand is unlikely to experience an overheated residential housing market in the near future as indications are for a slow improvement, a BNZ-REINZ survey indicates.
Exporters are encouraged by the view of Prime Minister John Key that the New Zealand currency is overvalued and are hoping words will translate into actions.
Lower-than-expected food prices in March have prompted ASB economists to rethink their forecasts for inflation, the figures for which are due on Thursday.
The price of shares in the partially-listed state owned enterprises will be pushed up significantly as institutional investors, particularly superannuation funds, compete to meet demand.
Otago-Southland businesses will be among the first to benefit from the deal between Telecom and Enable to deliver ultra-fast broadband (UFB) in Christchurch, Gen-i Southern sales manager Peter Thomas says.
By tomorrow, NZSki.com expects around 5000 people to have applied for the roughly 450 jobs it will have on its three South Island skifields. Business editor Dene Mackenzie talks to NZSki chief executive James Coddington about recruitment, retention and business goals.
The Government appears ready to use the European credit crisis as a way out of expanding its obligations within the controversial emissions trading scheme (ETS).
The Government could be forced to make savage spending cuts in next month's Budget following a week of data indicating a stalling in the economy, Labour finance spokesman David Cunliffe said yesterday.
New Zealand's "crab-like recovery" was continuing with the New Zealand Institute of Economic Research's latest survey showing economic activity going sidewards in the March quarter.
The Government has delayed any comment on the Productivity Commission's final report on housing affordability which has identified several factors that are getting in the way of affordable housing for New Zealanders.
The New Zealand economy remains at best in a holding pattern. At worst, it is on the edge of another double-dip recession, Berl chief economist Ganesh Nana says.
Facebook caused a considerable amount of comment yesterday with its $US1 billion ($NZ1.2 billion) purchase in cash and stock for Instagram, a photo-sharing application.
