SECTIONS

Financial meltdown

WorldAugust 18

Global stocks plunge again

More signs of economic weakness have triggered a global sell-off in stocks. The Dow Jones industrial average fell 400 points in a return to the wild swings in the market last week.
Global stocks plunge again
Global stocks plunge again
BusinessApril 23

Executive has confidence in SCF's survival

The new chief executive of beleaguered South Canterbury Finance, Sandy Maier, is upbeat about saving the southern lending giant. Business reporter Simon Hartley reviews progress on the massive, and painful, restructuring of the 85-year-old company.
Executive has confidence in SCF's survival
Executive has confidence in SCF's survival
BusinessMarch 9

Hurricane investors stand to lose

A second private Dunedin investment and finance company is in liquidation, owing almost $8.5 million to more than 50 mainly southern investors and creditors, with possibly almost 60% of the amount owed unrecoverable.
BusinessMarch 2

Mascot clients will get money back

Mascot Finance was yesterday placed in receivership but customers will get all of their money back as the company is covered by the Crown's deposit guarantee scheme.
DunedinJanuary 5

St Kilda investors face loss

Investors in failed St Kilda Finance - which owes almost $7 million - could at "worst" get less than 50% of their original capital back, according to the receivers, BDO Spicers, of Christchurch.
DunedinNovember 6

Taieri farmers $2m out of pocket

Udo and Leigh Anne Fuehrer may be $2 million poorer than a month ago, but the Taieri farmers remain upbeat and positive about their prospects.
Taieri farmers $2m out of pocket
Taieri farmers $2m out of pocket
DunedinNovember 5

Child care operator in difficulties

The education of hundreds of preschoolers in Otago may be in jeopardy as reports surface that child care operator ABC Learning Centres Ltd is on the brink of financial collapse.
NationalNovember 5

Blue Chip investors risk losing homes

Lender GE Money has told investors in failed finance company Blue Chip to pay up or it will sell their homes.
DunedinOctober 30

Shine goes off recycled metals market

The metal recycling industry is feeling the effects of the global financial meltdown but is not itself on the scrap heap yet, dealers say.
Shine goes off recycled metals market
Shine goes off recycled metals market
DunedinOctober 28

Evidence on streets of ailing economy

More sick people are turning to Dunedin pharmacists for free consultations in an effort to save money, as the impact of the global economic downturn strikes home.
Evidence on streets of ailing economy
Evidence on streets of ailing economy
BusinessSeptember 30

Financial crisis: how it hurts us

Horrified investors watched their wealth erode yesterday as volatile global markets slumped after the failure by United States politicians to reach a deal on rescuing the financial system.
OpinionSeptember 30

New economic climate creates dilemma for NZ

New Zealand is continuing to play by the economic rules in an environment where many other countries have abandoned the rule book, says Peter Lyons. Unless we are astute in our economic management, we risk making things very unpleasant for ourselves.
New economic climate creates dilemma for NZ
New economic climate creates dilemma for NZ
OpinionSeptember 22

NZ should weather the financial storm

The world's markets and financial institutions have been buffeted by almost unprecedented turbulence over the recent weeks and months. Former Reserve Bank governor Don Brash explains how the situation is likely to impact on New Zealand.
NZ should weather the financial storm
NZ should weather the financial storm
BusinessSeptember 21

NZ sharemarket follows Wall St down

The New Zealand sharemarket was down more than 3.5% this afternoon, following a plunge in United States stocks to a three-year low, and a tumbling Australian sharemarket.
NZ sharemarket follows Wall St down
NZ sharemarket follows Wall St down
BusinessSeptember 19

NZ shares rally after Wall St rebound

The New Zealand sharemarket was up 1% in early trade today, after United States equities had their best day in six years.
WorldSeptember 19

Wall St surges after intervention news

Wall Street had a stunning late-session turnaround today, shooting higher and hurtling the Dow Jones industrials up more than 400 points after a report that the federal government may create an entity that will take over banks' bad debt.
Wall St surges after intervention news
Wall St surges after intervention news
WorldSeptember 18

Central banks move to calm crisis

The US Federal Reserve and central banks in Europe, Canada and Asia pumped as much as $US180 ($NZ275.14) billion into money markets today to combat shock waves from the worst financial upheaval since the Great Depression.
WorldSeptember 17

Wall St stabilises but AIG fears remain

Wall Street took a step back from the ledge today, with the Federal Reserve resisting a cut in interest rates and the stock market staging a small rebound one day after a stomach-churning drop.
Wall St stabilises but AIG fears remain
Wall St stabilises but AIG fears remain
WorldSeptember 17

US Govt bails out insurance giant

For the second time this month, the US government put taxpayer money on the hook to rescue a private financial company, saying the failure of the huge insurer American International Group would further disrupt markets and threaten the already fragile economy.
US Govt bails out insurance giant
US Govt bails out insurance giant
BusinessSeptember 17

NZ shares flat amid global turmoil

The New Zealand sharemarket was flat shortly after opening today amid continuing turmoil in the global financial system.
NZ shares flat amid global turmoil
NZ shares flat amid global turmoil
BusinessSeptember 16

NZ's financial eyes focus on US insurer AIG

All eyes from the world's tumultuous financial markets, including New Zealand's, are on the fortunes of insurance behemoth American International Group.
NationalSeptember 16

Economic meltdown an election issue

The failing United States financial system will affect New Zealand's recovery as global economic growth slows, and has emerged as a significant election issue.