Dene Mackenzie

Investors should not panic over Greece

Investors should not panic over Greece

The ongoing Greek debt crisis could mean further official cash rate cuts for New Zealand in the short term, with the first coming later this month.

Two-year home ownership basis of sale tax liability

Some homeowners may get caught up in the Government's proposed bright-line test, particularly if they are habitual renovators who buy and sell a home within a two-year period.

Insurance payout boosts Smiths City's reported profit

Retailer Smiths City Group used an $8.5 million insurance payout to substantially boost its reported profit for the year ended April 30.

Confidence in red zone

Business confidence has slipped into the red for the first time since the February 2011 earthquakes, reaffirming the call for another interest rate cut by the Reserve Bank later this month.

Dairy blues hit employment confidence

Dairy blues hit employment confidence

Workers are feeling less confident about the health of the labour market and the deterioration in dairy earnings is affecting confidence in the main milk-producing regions of New Zealand.

US leads efforts to resolve Greek crisis

US leads efforts to resolve Greek crisis

Efforts to bring an end to the Greek financial crisis increased yesterday, as United States Treasury Secretary Jack Lew urged a continuation of work towards a resolution. Mr Lew told Greek Prime Minister Alexis Tsipras that Athens and its creditors needed to continue working towards a resolution before a Greek referendum on the creditors' demands for austerity.

Stability in milk prices would be well received

Greece will continue to dominate world market headlines this week but the GlobalDairyTrade auction results on Thursday will provide some local interest.

Markets quiver as Greece looks set to default

Markets quiver as Greece looks set to default

The New Zealand sharemarket was likely to follow the lead of Wall Street and head lower as the prospect of a Greek exit from the euro zone escalated, Craigs Investment Partners broker Chris Timms said yesterday.

Property sale tax change legislation

The Government this week pushed on with legislation requiring the disclosure of IRD numbers of property sellers unless exemptions are made.

Big step forward for trade deal

Big step forward for trade deal

Business leaders are welcoming news the controversial Trans-Pacific Partnership (TPP) trade deal has taken a major step forward in the United States.