Dene Mackenzie

Embattled BP leaking money, as well as oil

Embattled BP leaking money, as well as oil

Shares of BP have fallen by nearly 35% in value since the start of the Gulf of Mexico oil spill, wiping about 43 billion ($NZ92.2 billion) off the value of the company. Business editor Dene Mackenzie looks at some possible scenarios for the company.

Spill-hit BP's Fitch rating drops to AA

International ratings agency Fitch has lowered BP's rating from "AA+" to "AA" and placed it on negative watch, citing risks arising from the Gulf of Mexico oil disaster.

KiwiSaver scheme benefits available next month

KiwiSaver scheme benefits available next month

Two KiwiSaver features, designed by the scheme's architects to make first-home ownership more affordable, will be available on July 1, the third anniversary of the scheme.

XT relaunched with risk-free trial

Telecom last night relaunched its marketing campaign for its fast, but troubled, XT mobile network with an advertising campaign led by chief executive Paul Reynolds and a 30-day risk-free trial.

Latin alphabet reign ends, Facebook backs down

The use of non-Latin characters in internet addresses is a key step to opening up the web and making it more "personalised" for billions of users, the head of the non-profit body that oversees internet addresses says.

Substantial blow from bad assets

Allied Farmers has taken another substantial hit on the assets it acquired from the failed finance companies once controlled by Mark Hotchin and Eric Watson.

Continental steals march on Air NZ

Continental steals march on Air NZ

Continental Airlines has "stolen a march" on Air New Zealand with its plans to introduce the first B787-8 Dreamliner service to New Zealand on November 16, Forsyth Barr broker Peter Young says.

Softening us up before going for the hard sell

Softening us up before going for the hard sell

Many people are starting to believe that the National-led Government is preparing to partially privatise several state-owned enterprises, with Finance Minister Bill English indicating there would be strong demand for Kiwibank shares. Business editor Dene Mackenzie investigates what is on offer.

Telecom confirms separation, alliance focus

Telecom confirms separation, alliance focus

After a horror week on the markets, with its share price crashing to a record low, Telecom's fortunes look like they have started to improve.

Kiwibank CEO departure blamed on English's gaffe

Kiwibank CEO departure blamed on English's gaffe

The sudden resignation yesterday of Kiwibank chief executive Sam Knowles was being laid firmly at the feet of Finance Minister Bill English.