Fall in sales as dairy prices strengthen
Fall in sales as dairy prices strengthen
World dairy prices have again strengthened and United States whey prices are at their highest level in about a year, the ASB commodity index shows.
Dene Mackenzie
Food prices set to soar as troubles hit crops
Food prices set to soar as troubles hit crops
Food prices are about to increase, quickly for some commodities, as weather and industrial action worsen the outlook for grains, fruit and vegetables.
Kiwibank to test mortgage market via rate cut
Kiwibank to test mortgage market via rate cut
State-owned Kiwibank is cutting the interest on one of its fixed-rate mortgages, possibly just for a fortnight, as a means of "testing the market".
Rise in hiring intentions driven by construction industry demands
Rise in hiring intentions driven by construction industry demands
Hiring intentions in the South Island have risen solidly, mainly driven by the construction industry, which is undertaking extensive work required to repair homes and buildings damaged in the Canterbury earthquake.
CPI increase expected
CPI increase expected
Inflation is expected to have risen sharply in the three months ended December because of higher petrol prices and a rise in GST to 15% on October 1.
Market set for brighter times
Market set for brighter times
The expected New Zealand earnings recovery has been slow to arrive, with only slight growth in Forsyth Barr's forecasts last year and markets' earnings still about 10% below trend, broker Suzanne...
Brisbane flood graphics developed in Dunedin
Brisbane flood graphics developed in Dunedin
The computer-generated graphics of the flooding in Brisbane being shown on Australia's Nine Network are another example of the innovative technology being developed in Dunedin.
Two-fifths on the way to normal
Two-fifths on the way to normal
Bank of New Zealand senior economist Craig Ebert believes the New Zealand economy is in the second phase of a five-phase expansionary period.
Investors take heart
Investors take heart
The NZX-50 reached a 28-month high yesterday, following the lead of optimistic United States and European sharemarkets following the successful selling by Portugal of its bonds.
Less spent on cards in December
Less spent on cards in December
Further proof came yesterday that retailers have suffered a poor Christmas with seasonally adjusted electronic card transactions falling 1.2% in December from November.
Michael Hill meets forecasts
Michael Hill meets forecasts
Michael Hill International pleased the market yesterday when its six-month trading update and profit guidance met forecasts.
Bond auctions crucial for euro
Bond auctions crucial for euro
European bond auctions today and tomorrow (New Zealand time) will be crucial for the euro, which rallied yesterday but struggled to hold on to gains, given the nervousness about the heavy schedule of debt issuance due this week.
Confidence up, economy improves
Confidence up, economy improves
Confidence among businesses appeared to improve in the three months ended December, both in the businesses' own trading conditions and in the general state of the economy.
Cup brimmeth over
Cup brimmeth over
For longer than we can really nail down, the four of us have been attending Cup Week in Christchurch. Rex Martin, from Wellington, Stephen Gray, from Nelson, Nevan Trotter and myself, from...
Jade prepares to invade Silicon Valley and California
Jade prepares to invade Silicon Valley and California
The United States is seen as the big unknown for Jade Software but after some recent success in Europe, the Christchurch-based company is preparing for a push into Silicon Valley and California.
Delegat's moves to acquire Oyster Bay
Delegat's moves to acquire Oyster Bay
Two of New Zealand's well-known wine brands will be under one company label soon after Delegat's Wine Estate yesterday moved to compulsorily acquire the shares it does not already own in Oyster Bay Marlborough Vineyards.
Asian demand spurs export income rise
Asian demand spurs export income rise
The strength of emerging Asian economies is a large factor behind the lift in New Zealand's export earnings, ASB economist Jane Turner says.
Otago falls behind in average salary levels
Otago falls behind in average salary levels
Seasonal workers and part-time work by students could be the reason the average Otago salary is well down the list published yesterday by SEEK New Zealand.
Australian and NZ shares to watch
Australian and NZ shares to watch
The Craigs Investment Partners team has a positive outlook for the Australian equity market this year, but some New Zealand stocks are still worth following, broker Chris Timms says. In the...
3D gives cameraman new momentum
3D gives cameraman new momentum
Max Quinn has been filming for as long as he can remember, from family gatherings to the Antarctic, where his reputation is unmatched in the world. But at 60, Mr Quinn, of Dunedin, began to...