Dene Mackenzie

Four years of deficits projected for Australia

Today's Australian Federal Budget is expected to show further downgrades to the Government's tax revenue estimates, driven by lower commodity prices, sluggish wages growth and lower economic growth.

Appeal's implications relevant for trustees

Appeal's implications relevant for trustees

Dunedin city councillor Hilary Calvert is planning to appeal a High Court of New Zealand decision which awards costs against her and HGW Trustees following the latest twist in a complicated court case.

Sparking up over broadband charges

Sparking up over broadband charges

Spark wants the Commerce Commission to justify itself over wholesale internet charges and has not held back at giving its former stablemate, Chorus, a serve about its proposed charges.

Increase in uptake of UFB

New Zealanders finally may be warming to ultra-fast broadband, with Chorus saying March was the second-biggest month to date for UFB connections.

Spark's Gigatown plans target Dunedin residents

Spark's Gigatown plans target Dunedin residents

Spark has launched its Gigatown plans, targeting Dunedin residents who have already expressed their interest in the company's plans and/or have already signed up to Spark's Gigatown plans.

South Island unemployment rate falls to 3.6%

The South Island is well ahead of the North Island as far as unemployment goes, with Canterbury and Otago unemployment rates being less than 4%.

RBA cuts rate, may do so again

RBA cuts rate, may do so again

The Reserve Bank of Australia cut its official lending rate to 2% yesterday and left itself plenty of room to cut again if the struggling economy does not start to improve.

Risk-aversion puts brakes on growth

Risk-aversion puts brakes on growth

New Zealand chief financial officers continue to feel optimistic about the future but say their organisations remain risk-averse.

ANZ profit dips 5% but still robust

ANZ profit dips 5% but still robust

The Australia and New Zealand Banking Group's cash profit fell 5% in the six months ended March but it was still strong at $841 million, compared with $887million in the previous corresponding period.

Election has implications for pound

Election has implications for pound

The result of the United Kingdom election being held on May 7 is unlikely to be a major event for the UK sharemarket but may have larger implications for the pound.