Dene Mackenzie

Labour market heating up

Wage growth remained subdued in the first three months of the year but Statistics New Zealand data out yesterday suggests that the labour market and economy appear to be improving more rapidly than previously thought.

Further increase in Australian OCR

The Australian Reserve Bank yesterday lifted its official cash rate by 0.25% to 4.5%, making it now 2% higher than the New Zealand Reserve Bank's 2.5% OCR.

Poor pay for passing public Turing test remotely

Mackline is applying for a new job that does not pay very well but one for which this columnist is well suited.

Bid for $400m KiwiRail contracts nigh

Bid for $400m KiwiRail contracts nigh

The campaign for Dunedin engineering firms to gain some of the nearly $400 million KiwiRail plans spending on new rolling stock begins in earnest on Monday with the release of an economic report.

Water industry investments aim for global growth

Water industry investments aim for global growth

The global water industry is providing New Zealand investors with exposure to a growth sector on the financial markets, the executive director of Pathfinder Asset Management, Paul Brownsey, says.

Holding official cash rate steady bad news for homeowners

Holding official cash rate steady bad news for homeowners

The Reserve Bank held off increasing its official cash rate yesterday, bringing good news for investors but bad news for homeowners needing to refinance fixed-term mortgages in the future.

No change to cash rate

No change to cash rate

The Reserve Bank yesterday held its official cash rate at 2.5%, surprising no-one in the market.

Changes to please savings sector

Changes to please savings sector

The transparency provided by improved KiwiSaver regulations would be welcomed in the savings industry, Forsyth Barr KiwiSaver specialist Damian Foster said yesterday.

Super regulator for financial markets

Super regulator for financial markets

A "super-regulator" will be introduced to oversee New Zealand's financial markets, Commerce Minister Simon Power has announced.

Euro troubles continue

A further financial crisis in Greece yesterday caused chaos on world financial markets after credit rating agency Standard & Poor's downgraded Greek bonds to junk status.