Dene Mackenzie

Stocks plunge with ore price

Stocks plunge with ore price

The plummeting iron ore price has wiped $A74 billion ($NZ74.9 billion) from the value of Australia's key iron ore mining stocks since January last year and analysts expect the share prices to continue their fall as the price for the commodity slides.

Phone review: XPERIA E4

Phone  review: XPERIA E4

It is unusual these days when a new release of a mobile phone costing a ''reasonable'' amount of money can grab attention.

Mad Butcher tests concept store in Mosgiel

Mad Butcher tests concept store in Mosgiel

The Mad Butcher chain has opened its first ''concept store'' in Mosgiel as it prepares to expand the idea to other parts of New Zealand.

Inflation way under target

Inflation way under target

Lower petrol prices are expected to to sink first quarter inflation to just 0.1%, taking annual inflation down to 0.2% or 0.3% and remaining well below the Reserve Bank's 1% to 3% target range.

Bonds no longer buyer's market

Bonds no longer buyer's market

Dairy co-operative Fonterra attracted $100 million of oversubscriptions for its 2021 bonds in a sale that was helped from the maturity of $800 million of its existing debt.

Provincial NZ to take licensing levy hit

Provincial NZ to take licensing levy hit

Provincial areas like Otago were going to be penalised through the new system to determine car licensing levies, Labour MP David Parker said yesterday.

Focus on spec buyers: Little

Focus on spec buyers: Little

Applying the Reserve Bank's lending restrictions to Auckland speculators, rather than on regions, families or first home buyers, could be a solution to the housing market crisis, Labour leader Andrew Little said yesterday.

Currency sensitivity still holding interest

Global currency movements are still intriguing observers as the slightest alteration to a forecast or reported missed expectations changes the value of the United States dollar and the currencies it trades against.

Auckland driving NZ housing policy

Auckland driving NZ housing policy

Auckland driving NZ housing policyIf there was any doubt about why Auckland needed special rules to help with its housing demands, it was removed yesterday in a speech by Reserve Bank deputy governor Grant Spencer. Business editor DeneMackenzie reports.

Annual food price rise of 1.9% highest since 2011

Food prices rose 1.9% in the year to March, the largest annual increase since December 2011, but economists say broader food price inflation remains relatively contained.