Dene Mackenzie

Reserve Bank 'lacking' firepower

New Zealand's Reserve Bank lacked the firepower to make much of a dent by intervening in the currency market, Craigs Investment Partners broker Peter McIntyre said yesterday.

Job losses loom at Fonterra plant

Job losses loom at Fonterra plant

Job losses at Fonterra's Canpac facility in Waikato show the dangers of relying on dairy exports to China to sustain the economy, union leaders say.

'Sustainable' regional revival needed

'Sustainable' regional revival needed

Local Government New Zealand is welcoming a Labour Party pledge to revive the regions with a $200 million fund but Economic Development Minister Steven Joyce is calling it a sop to the regions.

Spread development more evenly, mayor says

Spread development more evenly, mayor says

There was more to regional development than just putting money into particular projects, Dunedin Mayor Dave Cull said yesterday.

Delay raising cash rate, CTU says

Delay raising cash rate, CTU says

The Reserve Bank is being urged to take a wider view of the economy as it prepares for its official cash rate decision tomorrow.

Heartland makes move on MTF

Heartland makes move on MTF

The future of Dunedin-based Motor Trade Finances is up for grabs with listed bank Heartland New Zealand making a play for the company formed in the city more than 40 years ago.

Bathurst working but just ticking over

Bathurst working but just ticking over

Bathurst Resources has started work at its West Coast escarpment but Craigs Investment Partners broker Peter McIntyre said the announcement yesterday meant very little in the big scheme of things.

Tasman migration figures for June balance

Tasman migration figures for June balance

Significant milestones were reached in June as migrants continued to flow into New Zealand and fewer people left for Australia.

Urgency of cash rate rises queried

Urgency of cash rate rises queried

New Zealand has experienced a constellation of economic developments which, in unison, raise questions about the urgency for official cash rate rises, Westpac chief economist Dominick Stephens says.

NZ market likely to wait and see how events unfold

NZ market likely to wait and see how events unfold

New Zealand's sharemarket, the first in the world to open for the new week, is likely to take a wait-and-see approach as investors digest ongoing geopolitical events that may escalate.