Radio New Zealand - Te Reo Irirangi o Aotearoa
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12 March, 2010
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Business
Stories published in the last 48 hours
- Reserve Bank holds interest rates steady
- The Reserve Bank has left the benchmark interest on hold at 2.5% and reiterated it expects to start hiking the cost of borrowing from the middle of the year.
- Pacific cable 13,000km long proposed for broadband
- Households and businesses could get unlimited, low-cost broadband with plans for a new undersea fibre-optic cable linking New Zealand to the wider world.
- Few new jobs in Australia last month
- Just 400 new jobs were created in Australia during February, but a small fall in the participation rate has kept unemployment roughly steady at 5.3%.
- Kiwibank seeks $150m funding from public
- Kiwibank is seeking to raise up to $150 million from the public in order to reduce its reliance on Government funding.
- Manufacturing continues to expand
- Activity in the manufacturing sector continued to gain momentum in February, but some businesses are still struggling.
- Allied to be considered for listing at next NZX review
- Stock market operator NZX says it will consider the inclusion of Allied Farmers in its top 50 index when it next reviews the list in June.
- Securities Commission reminds KiwiSaver managers to behave
- The Securities Commission will issue guidance to all KiwiSaver fund managers this week, reminding them of their ethical and behavioural duties to the public.
- Terms of trade leap 5.7%
- The country's purchasing power with the rest of the world has jumped by the biggest amount in 35 years.
- More interest in NZ from rich migrants - minister
- Immigration Minister Jonathan Coleman says looser immigration rules are attracting more wealthy foreigners to consider living and investing in New Zealand
- TUANZ makes last push on mobile phone charges
- The Telecommunications Users Association is making one last attempt to convince the Government to regulate the cost of switching between mobile phone networks.
- Insurers face huge Chile quake bill
- The world's second largest re-insurer, Swiss Re, estimates the earthquake in Chile may cost the global insurance industry as much as $US7 billion.
- China's exports increase strongly
- China's exports in February grew at their fastest pace for three years, in a new sign of growing global demand after last year's recession.
- NZ sharemarket dips slightly
- The benchmark NZX 50 index closed down 3 points (0.1%) to 3223 on turnover of $65 million on Thursday.
- UK currency continues to fall
- Britain's economic woes and ongoing political worries has seen its currency continue to depreciate.
- Wholesale bank guarantee to be scrapped in April
- The Government is to scrap a guarantee extended to the banks for wholesale funding introduced during the credit crunch, following a similar move in Australia. The guarantee to retail deposit customers remains in place.
- Hands-off KiwiSaver approach criticised
- The hands-off approach by many KiwiSaver members has led to complacency and poor performance by fund managers, say some in the financial sector.
- Huljich tells investors of KiwiSaver switch rights
- Fund manager Huljich Wealth Management is contacting its 70,000 KiwiSaver investors, advising them of their right to move to a different fund.
- Manufacturing sales still falling
- The head of the Manufacturing and Exporters Association says the strong Australian economy is helping the New Zealand manufacturers that export there - but others are still feeling the effect of the downturn.
- Speculators 'worsening Greece's economic troubles'
- Financial speculators are being blamed for worsening Greece's financial woes, and some political leaders want to muzzle their influence.
- Companies expected to go on buying spree
- The head of Fisher Funds expects merger and acquisition activity to pick up this year, as cashed-up companies look to buy growth.
- Strong economic recovery some way off, data suggests
- A raft of economic data suggests a strong bounce back from the recession is still some way off.
- Takeovers Panel to consider Horizon Energy bid
- The Takeovers Panel plans to meet with parties involved in an unsuccessful partial takeover for Horizon Energy.
- Veda buys registration company Card Alert
- Credit services firm Veda Advantage has bought the business and membership base of secure registration service provider Card Alert and its sister company, EKKO Guardian.
- NZ sharemarket closes up 13 points
- The New Zealand sharemarket's benchmark NZX 50 index closed up 13 points, or 0.4%, to 3226 on turnover of $64 million on Wednesday.
- Australian central bank warns of inflation pressures
- Australia's central bank says the economy is set to grow at, or above, the average rate over the next few years, raising inflation pressures.