Dene Mackenzie

'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.

Google gambles on operating system

Google gambles on operating system

Last year, Mack-line enthusiastically embraced Chrome, Google's free browser system which was so different from anything else around, right then, that it needed to be used.

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

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.

Net buckles but doesn't break when Jackson dies

Net buckles but doesn't break when Jackson dies

People around me complained loud and long last week about the slowness of the internet.

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.

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.