New Act has 'powerful changes'
New Act has 'powerful changes'
The Financial Markets Conduct Act, which came into force yesterday, is being hailed as a new era.
Dene Mackenzie
Outgoing attitude brings approval
Outgoing attitude brings approval
Markets are welcoming the ''fresh approach'' being taken by new Federal Reserve chairwoman Janet Yellen as she focuses on unemployment, Craigs Investment Partners broker Peter McIntyre says.
IMF backing us - English
IMF backing us - English
Finance Minister Bill English claims the International Monetary Fund is backing the Government's approach to fiscal policy.
OCR rise will start interest rate increases
OCR rise will start interest rate increases
The Government will go into election year facing four or five interest rate rises, along with rising inflation.
Plan must be tested, Woodhouse says
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Plan must be tested, Woodhouse says
Immigration Minister and Dunedin-based list MP Michael Woodhouse is not convinced AgResearch has yet made its case for shifting scientists from Invermay to Lincoln.
Record not quite what it seems
Record not quite what it seems
This week, the NZX50 rose above 5000 points for the first time.
Seismic tests done, now the wait
Seismic tests done, now the wait
New Zealand Oil and Gas has finished its seismic testing off the coast between Dunedin and Oamaru. Business editor Dene Mackenzie asked chief executive Andrew Knight about the next steps in the search for hydrocarbons.
NZOG to run panel
NZOG to run panel
New Zealand Oil and Gas, which has been testing for hydrocarbons off the coast of Otago, plans on establishing a regional community panel to develop a ''deeper relationship'', chief executive Andrew Knight says.
Warehouse Group branching out into finance
Warehouse Group branching out into finance
The move by The Warehouse Group to become a leading retail finance company made more sense than some of its previous strategic decisions, Forsyth Barr broker Suzanne Kinnaird said yesterday.
Retail margins still tight for The Warehouse
Retail margins still tight for The Warehouse
Tighter retail margins cut into Big Red retailer The Warehouse's earnings for the six months ended January 26, company reports released yesterday show.
Record Briscoe profit of $186m
Record Briscoe profit of $186m
Bulk store retailer Briscoe Group has reported a record profit for the year ended January 26 in what managing director Rod Duke described as a challenging market for many retailers.
Lyttelton meeting the competition
Lyttelton meeting the competition
Lyttelton Port of Christchurch was meeting the competition generated by Port of Tauranga by developing a second inland port at Rolleston, Craigs Investment Partners broker Greg Easton said yesterday.
Nationally, house listings eased in February
Nationally, house listings eased in February
House listings eased last month on a seasonally adjusted basis, the New Zealand Property report shows.
Merit seen in opening up ownership
Merit seen in opening up ownership
Lifting the ownership restrictions on Qantas above 49% would not be all bad for the Australian national airline, Craigs Investments Partner broker Peter McIntyre said yesterday.
Banks battle to be last standing
Banks battle to be last standing
Banks are facing ''the battle of the last branch standing'' in many smaller rural towns, with each one knowing they will lose customers if they are the first to leave.
Ukraine events barely register
Ukraine events barely register
The NZX50 hit an all-time high yesterday as Asia-Pacific investors shrugged off tensions about the future of Ukraine which sent United States and European stocks into a spin.
Terms of trade at 40-year high
Terms of trade at 40-year high
New Zealand's terms of trade with the rest of the world improved 2.3% in the three months ending December to reach a level not seen since December 1973 - 40 years ago.
Call for primary sector to meet investment challenge
Call for primary sector to meet investment challenge
The New Zealand economy could not afford for the primary sector to under-invest in its future, KPMG agribusiness partner Ian Proudfoot said yesterday.
NZ sales may hurt Woolworths profit
NZ sales may hurt Woolworths profit
Woolworths, which is facing an investigation by the Commerce Commission in New Zealand, is expecting a reduced full-year profit.
Expect incentives for Genesis: PM
Expect incentives for Genesis: PM
Prime Minister John Key expects prospective investors in Genesis to react well to incentives likely to be announced tomorrow by Finance Minister Bill English.