Dene Mackenzie

Tough choice for Dorchester debenture holders

Dorchester Pacific debenture holders face a hard choice this month.

Allied Farmers faces write-downs

Allied Farmers expects further write-downs in the value of its assets of its own Allied Nationwide Finance company, suggesting that this time some of the impaired assets are its own.

Wikileaks in news for wrong reasons

Whistle-blowing website Wikileaks was in the news again last week but for reasons it probably did not welcome.

Former high-profile hacker Adrian Lamo admitted he had turned over a United States army intelligence analyst to authorities, a decision met by wide derision on blogs.

"A lot of people have labelled me a snitch," Mr Lamo told BBC News.

Weather dampens service sector

Wild weather during May helped dampen service sector activity in the month, even though the sector experienced its seventh consecutive month of expansion.

Change of behaviour urged

New Zealand households are being urged to improve the quantity and quality of their savings to help the rebalancing of the economy, particularly away from external debt.

Reserve Bank hike will hurt borrowers

Reserve Bank hike will hurt borrowers

Borrowers are the major losers from the Reserve Bank decision last week to lift the official cash rate by 0.25% to 2.75%.

Dip in property dividends expected

Dip in property dividends expected

The 2010 Budget confirmed several tax changes for the property sector that were centred on the removal of tax depreciation on buildings. There were some minor positive offsets with the PIE tax rate falling from 30% to 28%. Business editor Dene Mackenzie considers the implications for the New Zealand listed property sector.

Some industrial expansion evident in South

Some industrial expansion evident in South

Some Otago-Southland manufacturers appear to have come through the recession well and are expanding their operations.

Economists question need for OCR increase

Economists question need for OCR increase

The rise yesterday in the Reserve Bank's official cash rate has been labelled premature and a decision that will further hurt New Zealand's small and medium-sized enterprises (SMEs).

Finding may allow IRD prosecutions

A much-awaited decision of the Court of Appeal could open the floodgates of Inland Revenue Department prosecuting professionals hiding behind a company structure to avoid high personal income tax rates.