Little expected from 'Operation Twist'
Little expected from 'Operation Twist'
The United States Federal Reserve is pumping more money into the ailing US economy, but already analysts are saying it will have little or no effect.
Dene Mackenzie
Tiny GDP growth as economy close to stalling
Tiny GDP growth as economy close to stalling
New Zealand's economy barely missed stalling in the three months to June, but economists say the "speed bump" of 0.1% quarterly growth will not slow the economy for long.
Boards shake-up looms at DCHL
Boards shake-up looms at DCHL
The days of directors sitting on multiple Dunedin City Council-owned company boards are numbered.
Comment: Is anybody listening?
Comment: Is anybody listening?
Someone in either the Dunedin City Council or its Dunedin City Holdings company needs to pick up the phone and make a call.
Wider current-account deficit to June
Wider current-account deficit to June
The current-account deficit widened in June, the financial impact of earthquakes in Christchurch causing temporary volatility.
Restaurant Brands sales down
Restaurant Brands sales down
Fast food has proved to be not as recessionary proof as expected, with Restaurant Brands yesterday reporting a 6.5% fall in sales for the 16 weekends ended September 12.
Still no AMI call on Govt funds
Still no AMI call on Govt funds
AMI has still not called on Government financial support although Finance Minister Bill English continued to offer Government support to the troubled insurer.
Taxes poised to be US campaign issue
Taxes poised to be US campaign issue
United States President Barack Obama has taken an aggressive stance towards reducing soaring fiscal deficits, yesterday appearing to be prepared to take the Republicans front on over tax issues.
Confidence index remains steady
Confidence index remains steady
A busy week for data releases started encouragingly yesterday with the Westpac McDermott Miller consumer confidence index remaining unchanged for the three months ended September 12.
Otago-Southland service sector at three-year low
Otago-Southland service sector at three-year low
The Otago-Southland service sector is struggling with selected pockets of hospitality, tourism and retail sectors not seeing their usual seasonal business flow patterns.
Labour women's policy raises issue of pay equity
Labour women's policy raises issue of pay equity
Men in low-paid work were equally affected by pay equity issues as women in the same position, Service and Food Workers Union spokeswoman Jill Ovens said yesterday.
IRD going after those cash-only jobs
IRD going after those cash-only jobs
The Government has increased funding to the Inland Revenue Department to target the cash economy, the economy where people accept cash for doing jobs but do not report it for tax purposes.
Thrillers
Thrillers
There is a darkness about the Scandinavian books recently released in New Zealand that makes them fascinating reading.
Operating profit rises 9%
Operating profit rises 9%
Dunedin City Holdings Ltd yesterday reported an improved operating profit of $26.6 million for the year ended June, up nearly 9% on the previous corresponding period.
Confidence DCHL can service debt
Confidence DCHL can service debt
Dunedin City Holdings Ltd's (DCHL) debt continued to grow in the year ended June 30, but chairman Paul Hudson is confident the company's strong cash flows can service the debt.
Breaking up not so hard to do?
Breaking up not so hard to do?
Telecom did nothing to scare the markets when it released its demerger documents earlier this week. The vote to separate New Telecom and New Chorus seems a sure thing. Business editor Dene Mackenzie talks to analysts about the prospects for the two companies.
Worrisome world keeps rate steady
Worrisome world keeps rate steady
Messy conditions in global financial markets were the dominant concern yesterday as the Reserve Bank kept its official cash rate unchanged at 2.5%.
DCC retains credit rating but debt levels 'remain high'
DCC retains credit rating but debt levels 'remain high'
The Dunedin City Council and its Dunedin City Treasury subsidiary have retained their credit ratings from Standard & Poor's, although the retention comes with some concerns about rising debt.
Shanghai links taking greater role: chamber
Shanghai links taking greater role: chamber
The strengthening links between Dunedin and Shanghai will play a major role in the further development of the Otago Chamber of Commerce, chamber president Peter McIntyre says.
Verbiest to chair New Telecom
Verbiest to chair New Telecom
Professional director and former corporate lawyer Mark Verbiest will take over as chairman of Telecom when the separation of the company is completed.