Dene Mackenzie

Fonterra may make $250m bonds offer

Fonterra is considering making an offer of $250 million of senior bonds to institutional investors and to New Zealand retail investors.

Businesses underrate strength of kiwi: survey

New Zealand businesses may have underestimated the strength of the dollar against the Australian currency, judging from the latest ASB Kiwi Dollar Barometer.

Parity brings some concerns

Parity brings some concerns

The lagged effects of having a dollar at or near parity with the Australian currency is a concern and something to keep a close watch on, Otago Chamber of Commerce chief executive Dougal McGowan says.

Three retailers under pressure

Three retailers under pressure

The second half of the current financial year is critical for some listed retailers and key outlook themes include challenging currency movements and a tough Australian retail backdrop, Forsyth Barr broker Suzanne Kinnaird says.

Cash rate decision breathing space

Cash rate decision breathing space

There is a growing sense the Reserve Bank has time to continue to assess economic and financial developments before adjusting its cash rate, one way or another, BNZ senior economist Doug Steel says.

Property up moderately in Dunedin

Property up moderately in Dunedin

Three property reports were released yesterday, just before Easter, a traditionally busy weekend for property sales in parts of Otago. Business editor DeneMackenzie reviews the reports and their implications.

Only unaffordable area in NZ...just

First-home buyers should have no trouble getting a house anywhere but Auckland, the new AMP360 Home Affordability Report says.

Auckland, C.Otago-Lakes lead house price surge

A surgw in asking prices in March broke the national record for the third consecutive month, with Central Otago-Lakes and Auckland continuing to duke it out for the top price in the country.

Underground mine life extended

Underground mine life extended

Oceana Gold provided some welcome news to the local economy yesterday when it extended the mine life of Frasers Underground, at Macraes, to the end of 2016, a year longer than previously announced.

Building consents fall seen as concern

Building consents fall seen as concern

Capacity constraints could be a contributing factor in the falling number of residential consents issued in recent months, ASB senior economist Jane Turner said yesterday.