Dene Mackenzie

Tax set to figure in Australian and NZ Budgets

Tax set to figure in Australian and NZ Budgets

May is looming as a month of transtasman tax as governments here and in Australia finish preparations to their Budgets.

No changes to cash rate expected yet

Economists are uncharacteristically united in believing the Reserve Bank will on Thursday hold its official cash rate at 2.5%.

Debt, spending on hold

Debt, spending on hold

New Zealanders appear to be resisting discounted retail goods and extended time-payment periods, instead focusing on repaying debt.

Govt to redirect using $1.8 billion

Govt to redirect using $1.8 billion

Finance Minister Bill English has identified $1.8 billion of lower-quality Government spending that will be redirected over the next three years into high-priority areas such as health and education.

S&P fears overpower market reforms

Proposed Government reforms to New Zealand's electricity sector are likely to have significant business and financial implications for generation-retailers, rating agency Standard and Poor's says.

Allied shares rise on property sales

Allied Farmers shares rose in value yesterday after the company announced it had made a net $3.4 million in cash by selling property in Queenstown and Australia.

Curran critical of move offshore

Curran critical of move offshore

The Government needed to take much more interest in companies axing jobs in New Zealand in favour of lower labour costs offshore, Labour Party communications spokeswoman Clare Curran says.

Spurned NAB still has options

AXA Asia Pacific share values are tipped to fall now the Australian Competition and Consumer Commission has decided to oppose National Australia Bank's takeover plans for AXA AP.

Air NZ still rated 'buy' despite daily $500,000 ash-problem losses

Air New Zealand is still rated as a "buy" by sharebrokers, despite the national carrier burning $500,000 in cash a day through European air space being closed due to ash from the Icelandic volcano.

Review: All too short evening with a maestro

Review: All too short evening with a maestro

John Mayall cuts through the pretensions of much of modern-day music.