Dene Mackenzie

Debt and finance costs expected to soar

Debt and finance costs expected to soar

The Government's net debt and core finance costs are set to soar between now and 2014, with Finance Minister Bill English saying that highlights the ongoing need for restraint.

Better offer for AXA likely to succeed

Better offer for AXA likely to succeed

An improved offer yesterday by AMP Ltd and France's AXA SA for AXA Asia Pacific Holdings would probably succeed, Craigs Investment Partners broker Chris Timms said.

Christmas rush helps service industry bounce back

An early Christmas rush has helped give a substantial boost to the Otago-Southland service industry, along with the rest of New Zealand.

Benefits all round as life of Macraes, Reefton gold mines extended

Oceanagold has again extended the life of its Macraes and Reefton gold projects, this time thanks to an improved gold price making previously unprofitable deposits economic to mine.

Budget stakes put English in hot seat

Budget stakes put English in hot seat

Finance Minister Bill English faces some testing challenges when he presents today the Government's Budget policy statement and half-year fiscal update.

Restoration product of the recession

Restoration product of the recession

Business partners Lawrie Forbes and Craig McNaughton took the prudent step of looking for a project to keep their workers employed if there was a downturn.

Allied shareholders in favour of plan

Allied shareholders in favour of plan

The Allied Farmers proposal to buy the assets of failed finance company Hanover Finance took a major step forward yesterday when Allied shareholders voted in favour of the plan.

Avoid 'stat daze', firms told

Christmas and New Year statutory holidays are again likely to cause confusion for employers, who are being urged to seek professional advice to avoid making pay errors to their workers.

Positive signs but bumpy road: English

Positive signs but bumpy road: English

The Treasury's latest monthly economic indicators provided a mixed view of the economy and reinforced risks around the shape of the recovery, Finance Minister Bill English said yesterday.

Fast-growing Twitter being taken seriously

Fast-growing Twitter being taken seriously

Twitter is the new "black" when it comes to technology.