The government's decision to veto the Canadian bid to buy 40% of Auckland International Airport was a dramatic end to the year-long saga and raised issues about the New Zealand market, ABN Amro Craigs broker Peter McIntyre tells Business Editor Dene Mackenzie.
February proved to be another soft month for the retail sector. Following growth of just 0.1% and 0.3% in December and January respectively, total retail spending contracted by 0.7% in February.
Retail investors in Geneva Finance are being asked to agree to a repayment plan that will require some of their money being swapped for Geneva shares.
Wanaka businessman Bob Robertson had a reasonable day at the office on Sunday, selling about $12 million of real estate at his Pegasus Town development. He met Business Editor Dene Mackenzie in Christchurch to talk about his plans.
Apple has introduced Safari 3.1 claiming it to be the world's fastest web browser for Mac and Windows PCs.
Global sharemarkets reacted positively yesterday to the 0.75% interest rate cut by the United States Federal Reserve and some encouraging news from the troubled banking and insurance sector.
New Zealand may already be in recession, according to the Bank of New Zealand.
Treasury is warning that both annual growth in house sales and prices will be declining sooner than previously thought.
The United States credit crunch continued to hammer global economies yesterday as markets fed on innuendo and rumour, oil soared to a record high and the US currency reached new lows.
The Labour Party continues to ring the changes in Dunedin South, with top elected officials being voted out of office at the annual meeting of the Dunedin South branch of the party on Monday.
Wilf Jarvis watched with great disappointment the television images of boyracers in Christchurch baring their buttocks with complete contempt for society.
Last weekend my email was inundated with requests from people wanting me to join Snapvine, a site I was not aware of until the first of the invitations arrived.
The cost of borrowing for New Zealand homeowners with mortgages looks sure to rise after a further meltdown in the United States economy during the weekend.
The impact of the high dollar, tourism downturn and the United States credit crunch has started to hurt four of the Dunedin City Council-owned or part-owned companies.
Calls yesterday for a cut this year in the Reserve Bank's official cash rate are likely to go unanswered.
The Government's operating balance plunged into the red in January and for the first time in many years Finance Minister Michael Cullen chose to focus on the bottom-line of the accounts.
The government's rush to protect the future ownership of Auckland International Airport could be seen as too little, too late, ABN Amro Craigs broker Chris Timms says.
The Reserve Bank is not expected this morning to follow the lead of its Australian counterpart in lifting the official cash rate.
Investment advisers believe the new disclosure rules that came into force on Friday are a step in the right direction but there remains concern about ‘‘grey areas'' in research reports and media comment.
The National Party is desperately trying to find a replacement for Dunedin-based list MP Katherine Rich, who is retiring from politics at the next election.
