Reserve Bank's inflation worries put to rest
Reserve Bank's inflation worries put to rest
The Reserve Bank will have no inflation worries for the rest of the year, economists say.
Dene Mackenzie
Little to inspire in gloomy Key speech
Little to inspire in gloomy Key speech
Prime Minister John Key delivered lots of gloomy news yesterday but provided little inspirational thinking about how New Zealand might better itself in the near term.
Support urged to empower Kiwibank
Support urged to empower Kiwibank
The Government should recapitalise Kiwibank to give the New Zealand-owned bank the ability to compete equally in a market dominated by Australian banks, Dunedin investment adviser James Reid says.
'Borrow and spend' habits returning, Bollard fears
'Borrow and spend' habits returning, Bollard fears
Households resuming their "borrow and spend" habits before paying down existing debt posed a clear medium-term risk to the economy, Reserve Bank governor Alan Bollard said yesterday.
Inflation figure expected at middle of Reserve Bank target range
Inflation figure expected at middle of Reserve Bank target range
Inflation was likely to be close to the mid-range of the Reserve Bank's 0% to 3% at the end of June, figures due out tomorrow were expected to show.
Cooler weather has tills ringing
Cooler weather has tills ringing
The winter cold sent shoppers indoors to malls, helping boost clothing sales for May, Statistics New Zealand figures show.
Frozen ING funds offer sees strong take-up
Frozen ING funds offer sees strong take-up
While a small number of investors and advisers caught up in the frozen ING funds have vowed to keep fighting, the deadline for acceptances passed yesterday with a strong take-up of the settlement offer.
More fraud to be expected
More fraud to be expected
Employers are being warned to be vigilant about fraud during the credit crisis as more people are finding it harder to make ends meet legitimately.
'Resilient' commercial property market in Dunedin
'Resilient' commercial property market in Dunedin
Dunedin commercial property investors were proving resilient as the recession continued to bite, Colliers International Dunedin branch manager Stephen Cairns said yesterday.
Economic concerns hit currencies
Economic concerns hit currencies
Waning optimism about the global economy's recovery prospects has started to play havoc with currencies around the world, with the Japanese yen closing to a five-month high yesterday against the United States dollar.
California almost out of money
California almost out of money
The California State Government yesterday started printing IOUs worth about $US53 million ($NZ82.6 million) that will be sent out mostly to residents awaiting their tax funds.
Super returns at odds with cut
Super returns at odds with cut
The returns reported yesterday by the New Zealand Superannuation Fund made a mockery of National's decision to defer contributions to the fund for a decade, Labour finance spokesman David Cunliffe said.
Risk and reward in IOUs
Risk and reward in IOUs
Californian entrepreneurs are readying themselves for a chance in a lifetime money-making opportunity as the California State Government starts issuing IOUs in lieu of cash payments.
Schwarzenegger proposes deep cuts
Schwarzenegger proposes deep cuts
California is set to run out of money by the end of the month and the hole in the budget is expanding about $US3.5 billion a month
Smaller board named by meat company
Smaller board named by meat company
A proposed new board of five farmer directors and three independent directors will steer Silver Fern Farms through the early days of becoming a partially-listed company.
Inquiry veto may bring backlash
Inquiry veto may bring backlash
The Government could face a backlash over its decision to block a parliamentary inquiry into the interest rates banks are charging.
Details light on shape of Telecom broadband plan
Details light on shape of Telecom broadband plan
Telecom is launching a new "all you can eat" broadband plan next week but details are scarce, despite questions posed by the Otago Daily Times.
Belief new tax will curb development
Belief new tax will curb development
New taxation legislation predicted to become law this month has been labelled by Dunedin taxation specialist Scott Mason as a "capital gains tax by stealth".
Credit union meeting challenge
Credit union meeting challenge
The continued high level of support from members over the past year had helped Credit Union South survive challenging times for the banking and finance sector, chief executive Andrew Leys said in an interview.
Conservative approach pays off for SBS
Conservative approach pays off for SBS
The conservative attitude adopted by Invercargill-based SBS Bank has paid dividends during the global credit crunch.