Dene Mackenzie

Euro at four-year low after German crackdown

Germany's move to ban naked short-selling of some securities rattled investors yesterday, with the euro falling to its lowest level in more than four years against the United States currency.

Key under fire for pre-Budget remarks

Key under fire for pre-Budget remarks

The Government's opponents acted swiftly yesterday to decry reported comments made by Prime Minister John Key that Kiwis should not be jealous if the rich get more from tomorrow's Budget tax package.

Rental property losing favour as investment option

The shine has come off rental property ahead of tomorrow's budget, according to the latest ASB Investor confidence report.

Warehouse results hit by fine weather

Better-than-expected weather hurt The Warehouse Group's sales in the three months ended May 2.

Services industries contract

Services industries contract

Activity in the Otago-Southland services industries took a hit in April, falling after two months of expansion, the latest Performance in Services Index shows.

Branch opens in line with new bank policy

Branch opens in line with new bank policy

Westpac New Zealand chief executive officer George Frazis was in Dunedin yesterday, celebrating another successful part of his strategy of "more banks in more places".

Property investment likely focus of Budget

Property investment likely focus of Budget

Changes already signalled for rules surrounding property investment are expected to be the main focus for financial markets when Finance Minister Bill English presents his 2010 Budget on Thursday.

Competition among telcos hotting up

Telecom and Vodafone yesterday signalled their market intentions as the competition intensifies in New Zealand's telecommunications industry.

Accountant on exchange

Accountant on exchange

Dunedin accountant Jono Bredin will early next month be part of an exchange programme aimed at strengthening economic relationships with Japan.

EU rescue vow steadies markets

EU rescue vow steadies markets

The promise by European Union finance ministers to set up a rescue mechanism for financially troubled governments appeared to steady Asian, Australian and New Zealand sharemarkets yesterday.