Dene Mackenzie

Bank fraud repercussions resonating

Bank fraud repercussions resonating

Fallout from fraud charges levelled against Goldman Sachs Group will be felt around the world with financial markets already starting to be affected as investor sentiment sours.

New life breathed into service sector

New life breathed into service sector

New Zealand's services sector has sprung back into life, with property and business services experiencing a significant lift in March to lead activity on the BNZ-Business New Zealand performance of services index.

Food, housing, petrol drive inflation up

Higher food and petrol prices, and housing costs, are likely to have pushed inflation to 2.2% in the three months ended March, stronger than previously forecast by the Reserve Bank.

To under sell and over deliver is English trait

To under sell and over deliver is English trait

New Zealand this week had its country ratings upgraded by Dun and Bradstreet. MYOB Business Monitor said the slow spread of the economic recovery has been mixed across the regions. So where does New Zealand's economy sit about a month out from the Government's much-lauded Budget? Business editor Dene Mackenzie investigates.

NZ's risk rating 'improving'

New Zealand's country risk was upgraded from deteriorating at the start of the year to improving by Dun and Bradstreet, but the credit reporting agency warns there is still work to be done.

Telecom tipped to maintain key role

Telecom tipped to maintain key role

Telecom yesterday received some well-timed support from one of its harshest critics as it comes to terms with profit downgrades, redundancies and the possibility of splitting itself further to meet Government requirements.

Brokers retain hold advice

Sharebrokers Forsyth Barr and Craigs Investment Partners are retaining their hold recommendation on Telecom shares while at the same time revising their profit forecasts.

Lombard directors charged

Lombard directors charged

The Securities Commission has laid criminal charges against Lombard Finance and Investment directors Sir Douglas Graham, Michael Reeves, William (Bill) Jeffries and Lawrence Bryant.

Hide vows to stop regulatory wave

Hide vows to stop regulatory wave

Regulatory Reform Minister Rodney Hide yesterday vowed to stop a "tidal wave of regulation" that businesses in New Zealand had to deal with.

Govt controls urged for finance firms

There is an urgent need for tougher rules relating to finance companies, Massey University school of economics and finance lecturer Bill Wilson says.