Dene Mackenzie

ING investors on their own: commission

The Commerce Commission has dealt a blow to investors in two frozen ING funds, telling them they are on their own when it comes to deciding on whether to accept the settlement offer.

Curran to seek answers on broadband

Labour Party communications spokeswoman Clare Curran will today try to extract answers from the Government about when the $1.5 billion roll-out of broadband will start.

IRD criticised over gap in the tax tightrope

IRD criticised over gap in the tax tightrope

The margin between what interest rates the Inland Revenue Department will pay on under and overpayments of tax is set to increase sharply on Sunday at a time when banks are under pressure to reduce their margins.

60,000 job losses expected

60,000 job losses expected

Mass job losses are being predicted as the economy continues to deteriorate, with up to 60,000 people expected to lose their jobs in the coming year.

Figures show NZ is still in recession

Historical data to be released tomorrow and Friday is expected to show that New Zealand remains in recession and the current account deficit, about $15 billion, remains a central theme in rebalancing the economy.

New name reflects change in ownership

Sharebroker ABN Amro Craigs will become Craigs Investment Partners from August 31, reflecting that Craigs has officially repurchased the 50% equity stake in the company previous held by the Royal Bank of Scotland.

Brisk start to Buffett bidding

Brisk start to Buffett bidding

Bidding has started briskly for a steak lunch with billionaire infvestor Warren Buffett.

Commission decides price of Telecom cabinet access

Commission decides price of Telecom cabinet access

The Commerce Commission decision on the pricing of competitors' access to Telecom's roadside cabinets, known as the sub-loop, has been seen as a positive decision for New Zealand's largest listed company.

Migration figures reflect recession

New Zealand's net migration increased strongly again in May as fewer New Zealanders headed across the Tasman.

Australian visitors record

Prime Minister John Key is welcoming figures released yesterday which show that more than one million Australian tourists visited New Zealand in the year ended May.