Dene Mackenzie

3.8% growth beats forecast

3.8% growth beats forecast

Higher interest rates look likely next month, as New Zealand's economic growth soared in the three months to March.

Fed cuts US economic growth forecast

Economic growth rates in the United States have been slashed by the Federal Reserve after officials took into account the sour start to the year, when severe winter weather crippled activity in major centres.

Labour swap good for Dunedin MPs

Labour swap good for Dunedin MPs

A change in the Labour Party leadership to Grant Robertson would have benefits for the two Dunedin MPs, Clare Curran and David Clark, both of whom were strong supporters of Mr Robertson in last year's leadership round.

Scheme should be universal: consultant

Scheme should be universal: consultant

Making KiwiSaver compulsory would be a good thing but it needed to be universal, with no special exemptions to degrade its effectiveness, Dunedin financial consultant Peter Smith said yesterday.

Sector growth eases

New Zealand's service sector growth has eased from record levels but activity in May is still indicating above-average growth.

Figures should show economy growing

Data on Wednesday and Thursday is expected to provide more indications of the strength of the New Zealand economy, with the expectation of economic growth of 3.8% for the year ended March.

Food prices rise going into winter

Food prices increased in May for the second month in a row, influenced by seasonally higher prices for fresh vegetables, although these were mainly salad ingredients of lettuce, tomatoes and cucumbers.

South's manufacturing activity slips into contraction

Manufacturing activity in Otago and Southland has slipped into contraction territory but Otago-Southland Employers Association chief executive John Scandrett has found a small portion of comfort from history.

Hawkish governor surprises markets

Hawkish governor surprises markets

Higher interest rates, a rising dollar and the prospect of more foreign investment into New Zealand markets are likely to follow a hawkish review of the economy by the Reserve Bank.

Special meeting may not end bid by pair

Abano Healthcare's special meeting will be held tomorrow but there is no guarantee the dissident shareholders will back off if their motion to remove chairman Trevor Janes is defeated.