Exporters in push for cut to cash rate
Exporters in push for cut to cash rate
Manufacturers and exporters are calling for a cut in the official cash rate on Thursday to help take pressure off the currency.
Dene Mackenzie
Taxman takes slice of Christmas cheer
Taxman takes slice of Christmas cheer
As the festive season draws closer, staff and client functions are on the agenda of many Otago businesses.
Institute honours contribution
Institute honours contribution
Doug Matheson has been appointed a Distinguished Fellow of the Institute of Directors in recognition of his substantial contribution to the business operating environment.
Listings boost hailed
Listings boost hailed
The partial sale and sharemarket listing of major state-owned assets will provide a welcome boost to the NZX which was in danger of becoming irrelevant, Dunedin professional director Stuart McLauchlan says.
Demand likely to be high for assets
Demand likely to be high for assets
Prime Minister John Key has indicated that Mighty River Power and Genesis Energy will be the first of the state-owned enterprises to be partially sold off. Business editor Dene Mackenzie looks at the process.
Education of shareholders essential
Education of shareholders essential
Education of shareholders as to the benefits of holding on to shares in the energy companies being partially sold down by the Government will be essential, brokers say.
Rating downgrade for NZ's four big banks
Rating downgrade for NZ's four big banks
The rating downgrade from AA to AA- for the BNZ reflected a change in global rating methodology by Standard and Poor's, BNZ treasurer Tim Main said yesterday.
Parker stands down in favour of Shearer
Parker stands down in favour of Shearer
Labour Party list MP David Parker is understood to have been offered the role as party finance spokesman in return for dropping out of the leadership race and supporting David Shearer.
Trade terms ease but still high
Trade terms ease but still high
New Zealand's terms of trade eased in the three months ending September but remained at very high levels, ASB economist Jane Turner said yesterday.
Outlook for Chorus stable
Outlook for Chorus stable
Chorus, New Zealand's largest telecommunications network operator, has been assigned credit ratings reflecting its dominant position in the fixed-line telecommunications access network in New Zealand.
Banks' dramatic effort seen as positive
Banks' dramatic effort seen as positive
A dramatic effort by global central banks to provide retail banks funds with which to help prop up a the global financial system proved a positive step yesterday.
Otago economy failing to fire
Otago economy failing to fire
The Otago economy seems barely warm, according to the latest ASB Main Report, with recent signs of stabilisation in the housing market rated as the only good news in the three months ended in September.
Researcher predicts worsening
Researcher predicts worsening
New Zealand's fledgling recovery will be severely hampered by the rapidly worsening global economy, NZIER principal economist Shamubeel Eaqub says.
Largest truck starts work
Largest truck starts work
Solid Energy's New Vale Mine, in Eastern Southland, is now using a new 63-tonne capacity truck and trailer that is the largest road vehicle in the country.
Infratil making UK headlines
Infratil making UK headlines
New Zealand-listed infrastructure owner Infratil is making international headlines by providing fuel to Iranian planes banned from refuelling in countries that have economic ties with the United States.
Businesses report more cybercrime
Businesses report more cybercrime
New Zealand has jumped up global economic crime rankings for reported frauds but it appears businesses are not taking the threat of cybercrime seriously.
Profit down but Methven upbeat
Profit down but Methven upbeat
Under-siege tapware and bathroom fittings manufacturer Methven yesterday provided the market with some positive news as it reported a reduced half-year profit.
Straight down to business
Straight down to business
Prime Minister John Key will quickly form the new government after voters overwhelmingly supported National in the party vote on Saturday night.
Flying in under the radar
Flying in under the radar
New Zealand First leader Winston Peters' return to Parliament was seen by many as a political surprise, but close watchers should have seen his return as inevitable.
New MPs must be kept in line
New MPs must be kept in line
Green Party co-leaders Metiria Turei and Russel Norman and New Zealand First leader Winston Peters face a major task of keeping their new MPs in line during the next three years.