Two of New Zealand's most high-profile retail chains reported contrasting profits yesterday with both The Warehouse and Briscoe Group gaining praise from brokers.
Reserve Bank governor Alan Bollard focused on the high value of the New Zealand dollar yesterday as he kept the official cash rate at 2.5%.
Labour Party leader David Shearer has finally been drawn into the Ports of Auckland dispute which involves the Maritime Union of New Zealand, contributors to the party coffers.
The decision to allow Germany's Bay Wa Atiengesellschaft to take over local fruit marketer Turners and Growers was a sad day for pip fruit growers in New Zealand, Labour Party primary industries spokesman Damian O'Connor said yesterday.
The ultrafast broadband network will take the "remoteness" out of the South, Gen-i Otago-Southland sales manager Peter Thomas says.
The Warehouse interim result for the six months ended January was unlikely to create much excitement in the market, Craigs Investment Partners broker Chris Timms said yesterday.
Tax revenue has again fallen below Treasury forecasts, the latest figures released by Treasury show, but the figures are not all they seem.
A further step in the sale process for four of New Zealand's state-owned assets was taken yesterday when the Government introduced legislation to Parliament supporting its mixed ownership model.
New Zealand has recorded its biggest loss of migrants in a 12-month period since August 2001 but ASB chief economist Nick Tuffley says the permanent departure of Kiwis to Australia has been moderating.
The Reserve Bank is widely expected to leave its official cash rate (OCR) unchanged at 2.5% on Thursday, with a consensus of forecasters believing it will remain there until at least December.
Two- to four-year fixed mortgage rates are currently the best value for borrowers, Westpac chief economist Dominick Stephens says.
Author James Patterson never seems to do anything by halves and so it was in February with the publication of two new thrillers, one of them written with the 2012 London Olympics as a backdrop.
Harry Hole is my favourite anti-hero. His life is a shambles. His love life splutters into life intermittently before the flame is extinguished. But, at the same time, he manages to solve involved cases on which the police have closed the pages.
One of the long-standing traditions in New Zealand business is using the term "Tartan Mafia" to denote any business person from Otago.
COMMENT: The Otago Rugby Football Union will leave a long list of disgruntled creditors if it goes into liquidation tomorrow.
The Otago economy has been rated only "fair to middling" by the latest ASB Main Report Regional Economic Scoreboard, but the province is ahead of most of the rest of the country.
Retirement village developer and operator Summerset Group Holdings surprised the market with a profit well ahead of its prospectus forecast.
Auckland International Airport reported another solid result for the six months ending December, increasing its dividend 10% to 4.4c a share on the back of improved operating earnings.
Yellow, the company responsible for many business directories in New Zealand, is likely to lay off 125 workers, two of them in Dunedin, as it turns its focus to becoming a digital services provider.
The number of jobs held by wage and salary earners continued to increase through the latter part of last year, albeit at a slow rate.
