NZPA
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Miners stage election-year lobbying at conference
Miners are mounting a major lobbying campaign in the run-up to the general election and calling for a re-think on support for exploration."It's an election year, and that always means that parties...
NZPA. - Friday July 25, 08:08 PM -
Selling pressure maintained on NZ dollar
Downward pressure on the New Zealand dollar was today counter-acted by weakness in the US dollar due to fresh concern about the US economy and stocks.In contrast to yesterday's trading, business was...
NZPA. - Friday July 25, 07:12 PM -
NZ stocks shed some gains but better than overseas markets
The New Zealand sharemarket gave up some of the gains from a storming performance on the previous two days, but closed looking far less sickly than its Australian counterpart.The benchmark NZSX-50...
NZPA. - Friday July 25, 07:12 PM -
Another bank lowers mortgage rates after OCR cut
Another bank has lowered mortgage rates, following the Reserve Bank's decision to lower the Official Cash Rate (OCR) yesterday.ANZ National said that from tomorrow its one-year rate would drop to 9.2...
NZPA. - Friday July 25, 07:11 PM -
Von Dadelszen to pay creditors in full -- liquidators
The principal of collapsed Tauranga share broker and investment advisory firm Von Dadelszen and Co and related company, Ravenscourt Finance, has agreed to pay all creditors in full, the liquidators...
NZPA. - Friday July 25, 04:48 PM -
Bed maker Sleepyhead buys Design Mobel
Bed manufacturer Sleepyhead has bought Tauranga-based bedding and furniture maker Design Mobel.Under the deal, Design Mobel will continue to operate as a stand-alone business unit when the deal takes...
NZPA. - Friday July 25, 04:47 PM -
Transpacific pays investors with $26 million in shares
Transpacific Industries Group Ltd says it has issued $A20 million ($NZ26 million) worth of shares to "two sophisticated investors" to settle business deals.Transpacific -- which merged with New...
NZPA. - Friday July 25, 03:54 PM -
Miners hope for boost to industry
Miners say New Zealand has $140 million worth of metallic minerals left in the ground , but needs a better approach to extracting wealth from both those minerals, and its oil, gas and coal."The...
NZPA. - Friday July 25, 01:36 PM -
Telco industry group seeks overhaul of TSO
The arrangement that sets out the basic residential telephone service that Telecom must provide should be redesigned from the ground up, an industry group says.It called for the telecommunications...
NZPA. - Friday July 25, 12:10 PM -
Air NZ may rise prices further - Fyfe
Air New Zealand, which has had to hike prices four times this year due to rising fuel prices, may need to hike them again, chief executive Rob Fyfe said.To cover the cost of fuel, fares should rise...
NZPA. - Friday July 25, 11:56 AM -
Unskilled workers' pay fails to keep pace with inflation
A new survey of pay rates shows a dramatic deterioration for those at the bottom of the heap, while rates for skilled workers are outpacing rampant inflation.An analysis of 73,000 jobs listed on...
NZPA. - Friday July 25, 11:48 AM -
Attempt to wind up Octaviar fails
An attempt to wind up the ailing Australian property group Octaviar, formerly MFS, was derailed yesterday with the removal of the Public Trustee of Queensland as trustee for Octaviar's listed...
NZPA. - Friday July 25, 10:51 AM -
NZX loses Supreme Court appeal
The Supreme Court has rejected stock exchange operator New Zealand Exchange's (NZX's) appeal to overturn a Court of Appeal ruling in favour of the Bank of New Zealand and Access Brokerage.In...
NZPA. - Friday July 25, 10:50 AM -
NZ sharemarket down as profit takers move in
Profit takers and a negative steer from Wall Street sent the sharemarket lower in early trading today after its biggest rise of the year yesterday, spurred by the Reserve Bank interest rate cut.US...
NZPA. - Friday July 25, 10:34 AM -
NZ dollar continues decline
Selling pressure was maintained on the New Zealand dollar which overnight came within spitting distance of its year low.However, it picked up in late New York trading and by 8.30am was little changed...
NZPA. - Friday July 25, 09:22 AM
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