Dene Mackenzie

Further changes likely for KiwiSaver

Further changes likely for KiwiSaver

KiwiSaver turned 4 on Friday but birthday celebrations were kept low key. Despite accumulating $8 billion in savings, KiwiSaver, like other superannuation schemes before it, has become a political football. Business editor Dene Mackenzie reports.

Building consent slow nationwide

Building consent slow nationwide

A nationwide weakness in building consents suggests the repair work in Canterbury cannot come fast enough for the construction sector, ASB economist Chris Tennent-Brown says.

Heartland buy likely seen as positive

The proposed acquisition by Heartland Bank of PGG Wrightson Finance is good news for investors as it increases the scale of Heartland, which will likely to be perceived as positive in the eyes of credit rating agencies.

SBS sets up quake recovery team

SBS sets up quake recovery team

SBS Bank has formed a specialist earthquake recovery team to work with clients in Christchurch whose houses have been affected by the major quakes and aftershocks.

SBS shows solid profit after allowing for earthquakes

SBS Bank showed yesterday it has not been immune from potential losses associated with the Christchurch earthquakes.

AMI confident it can settle all Canterbury earthquake claims

AMI confident it can settle all Canterbury earthquake claims

AMI Insurance has secured a reinsurance package and is confident it can settle all valid claims associated with the Canterbury earthquakes, chief executive John Balmforth says.

Curran criticism of Telecom 'classic case' of electioneering

Dunedin South MP Clare Curran has been accused of "vitriolic scaremongering" in her continuing attacks on Telecom in speeches in Parliament and in press releases.

Positive forecast by Genesis

Positive forecast by Genesis

State-owned Genesis Energy is bucking the trend of most other energy companies by forecasting a substantial increase in the value of its assets and an improved operating profit for the year.

Problems affecting Greece have wider implications

French banks have agreed to roll over holdings of maturing Greek bonds and German bankers have expressed interest in the French proposal. Business editor Dene Mackenzie reports that the Greek tragedy is far from over.

Stiff penalties for employers

Stiff penalties for employers

Employers face some stiff monetary penalties from Friday if they cannot produce employment agreements for existing staff but employer representatives are not expecting any major problems.