Dene Mackenzie

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.

Risk and reward in IOUs

Californian entrepreneurs are readying themselves for a chance in a lifetime money-making opportunity as the California State Government starts issuing IOUs in lieu of cash payments.

Schwarzenegger proposes deep cuts

Schwarzenegger proposes deep cuts

California is set to run out of money by the end of the month and the hole in the budget is expanding about $US3.5 billion a month

Inquiry veto may bring backlash

Inquiry veto may bring backlash

The Government could face a backlash over its decision to block a parliamentary inquiry into the interest rates banks are charging.

Smaller board named by meat company

A proposed new board of five farmer directors and three independent directors will steer Silver Fern Farms through the early days of becoming a partially-listed company.

Belief new tax will curb development

Belief new tax will curb development

New taxation legislation predicted to become law this month has been labelled by Dunedin taxation specialist Scott Mason as a "capital gains tax by stealth".

Details light on shape of Telecom broadband plan

Telecom is launching a new "all you can eat" broadband plan next week but details are scarce, despite questions posed by the Otago Daily Times.