Dene Mackenzie

Australian central bank leaves rate unchanged

The Reserve Bank of Australia left its official cash rate unchanged at 4.75% yesterday, the first in a series this week of central banks expected to keep their rates on hold.

Continued deficits present challenge

Continued deficits present challenge

The Government would have to make some tough choices as its current account deficits continued to grow in the next perhaps three to five years, BNZ senior economist Craig Ebert said yesterday.

Be wary: uploaded party photos can embarrass

When journalists and others attend embargoed briefings at the Reserve Bank and Treasury, they are required to hand in their mobile phones and other transmitting devices at the door.

Super fund aids operating balance

The New Zealand Superannuation Fund's investments helped soften the impact for the Government of falling tax revenue and lower-than-forecast economic growth in the four months ended October.

Data will show state of recovery

Data will show state of recovery

Today is the start of a defining week for the Government as some of the last data for the year gets released.

Not too late for saving - Peters

Not too late for saving - Peters

Compulsory superannuation would have saved the New Zealand economy through the recession, New Zealand First leader Winston Peters said yesterday.

40 IRD job losses 'idle speculation'

40 IRD job losses 'idle speculation'

Dunedin tax practitioners are worried privately about an expected 40 jobs going from the city's Inland Revenue Department offices, but Revenue Minister Peter Dunne says no decision has been made.

Fixing mortgages for two years advisable for homeowners

The numbers were stacking up for home owners with mortgages to start fixing for two years, BNZ chief economist Tony Alexander said.

Training to clients' needs pays off

Training to clients' needs pays off

Former Dunedin man Tim Isaacs is currently heading one of the largest forestry industry training organisations in Australia. He talks to business editor Dene Mackenzie about the challenges of his industry

Markets lift as key indices show gains

Financial markets bounced back around the world yesterday after the Dow and the Standard & Poor's 500 scored their biggest gains in three months.