As recession fears shook world markets, the New Zealand dollar dropped below US53c for the first time in nearly six years. more... |
As the battle to bankrupt property developer Andrew Krukziener returned to court, five of his creditors came out in support of him. more... |
The New Zealand sharemarket was down sharply in early trading, after equities plunged in the United States as the price of oil fell and worries about the prospects for an automakers' bailout increased. more... |
ANZ National Bank and ASB are cutting their variable home loan rate to 8.7 percent from 9.45 percent. more... |
As recession fears shook world markets the New Zealand dollar sank to six-year lows. more... |
Fonterra chief executive Andrew Ferrier says it looks likely the cooperative's 10,724 farmers will have to write off their entire investment in toxic Chinese joint venture Sanlu. more... |
Fonterra Cooperative Group Ltd today slashed its farmers' expected payout for the current season to $6/kg milksolids. more... |
Insurer and fund manager Tower posted a 17 percent rise in full year net profit after tax to $40.5 million. more... |
Another fall in the number of short term visitors to this country points to growing stresses on the tourism industry as the global economy slows. more... |
Aged care and retirement village operator Ryman Healthcare says demand for its product continues to grow, as it posted a 10 percent rise in first half realised profit to $26 million. more... |