Telecom shares fall on bad Govt broadband news
Telecom shares fell 6 per cent after the company missed out on being named for priority talks in the Government's $1.5 billion ultra-fast broadband (UFB) initiative.Telecom did not make a list of three initial investment partners...
Thu, 09 Sep 2010 13:24:55 +1200
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NZ construction value hits 18-month high
The value of New Zealand's total building work hit an 18-month high in the June quarter as the construction sector bounces back from a slump.The total value of building work put in place rose to $2.89 billion in the three months...
Thu, 09 Sep 2010 11:30:04 +1200
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Insurance assessors arrive from US, Europe
Hundreds of insurance assessors, some from as far away as America and Europe, have arrived in Christchurch to deal with claims after the weekend's massive 7.1 magnitude quake, says the Insurance Council.Council chief executive...
Thu, 09 Sep 2010 11:11:28 +1200
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May Wang hearing delayed again
Businesswoman May Wang, frontwoman for Chinese investors who have signed a conditional deal to buy the 16 former Crafar family farms, has again had court proceedings delayed in relation to her failed property and hotel business Dynasty...
Thu, 09 Sep 2010 11:02:19 +1200
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Telecom shares resume trading
Trading in Telecom shares has resumed after the Government's Crown Fibre Holdings announcement about ultra fast broadband .Crown Fibre Holdings h
Thu, 09 Sep 2010 10:49:41 +1200
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Govt moves to tighten up new company rules
Companies will be required to have a New Zealand-resident director or local agent to prevent New Zealand-registered companies being involved in international criminal activity, Commerce Minister Simon Power announced today.This...
Thu, 09 Sep 2010 10:45:55 +1200
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Manufacturing sales drop to 10-year low
The volume of manufacturing sales fell 1.8 per cent in the June 2010 quarter, Statistics New Zealand said today. "Manufacturing sales volumes are now at their lowest level for over 10 years," business statistics manager Louise...
Thu, 09 Sep 2010 10:30:05 +1200
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Telecom shares in trading halt
Telecom has had its stock halted from trading on the NZX pending an announcement from the company.The nation's biggest phone company has proposed splitting up its businesses to enable it to participate in the government rollout...
Thu, 09 Sep 2010 10:14:40 +1200
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NZ dollar gains as Europe debt fears ease
The New Zealand dollar climbed back above 72 US cents as fears about the state of Europe's sovereign debt eased amid strong demand for Portuguese government bonds, while the Federal Reserve's Beige Book kept a downbeat outlook on...
Thu, 09 Sep 2010 09:29:39 +1200
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Bad SCF decisions 'before scheme'
The majority of South Canterbury Finance's problem lending took place before it entered the Government's deposit guarantee scheme, Finance Minister Bill English claims.Responding to a call by opposition parties for a full inquiry...
Thu, 09 Sep 2010 09:10:00 +1200
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Compulsory KiwiSaver 'has its drawbacks'
Making KiwiSaver compulsory could boost national savings, the Treasury says, but it raises difficult wellbeing and fairness issues.In a discussion document intended to set the scene for the deliberations of the newly formed savings...
Thu, 09 Sep 2010 09:00:16 +1200
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Apple makes PC market headway in NZ
The iconic Apple brand has a growing presence in the New Zealand market, research shows.Apple exceeded 11 per cent of the market share in the second 2010 quarter for the first time in 15 years, according to the latest figures...
Thu, 09 Sep 2010 09:00:00 +1200
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BP report blames itself, others for Gulf oil spill
NEW ORLEANS - In an internal report released Wednesday, BP blames itself, other companies' workers and a complex series of failures for the massive Gulf of Mexico oil spill and the drilling rig explosion that preceded it.The 193-page...
Thu, 09 Sep 2010 08:45:19 +1200
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Brian Fallow : Tough grind in new world order
The global financial crisis has changed the world. The hard part is to figure out how much it has changed and whether it has changed enough.Alan Bollard's book Crisis , published this week, concludes with his reflections on the...
Thu, 09 Sep 2010 08:30:00 +1200
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Wrecked supermarket just weeks away from refit
The Kaiapoi supermarket that will now be demolished after Sunday's earthquake was just weeks away from completion of a $6m refit.More than 80 workers at the Kaiapoi New World were told yesterday that they will be losing their...
Thu, 09 Sep 2010 08:00:13 +1200
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Christchurch earthquake: Building giant forms crisis unit
One of New Zealand's biggest construction firms, with a large team on the ground in Christchurch, has formed an earthquake crisis unit.Chris Hunter, Hawkins Construction chief executive, said the "response unit" was being led...
Thu, 09 Sep 2010 07:30:14 +1200
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Peter Wood: Use quake lessons to build disaster resilience
Much important information has been gleaned from the Darfield earthquake and much more will become available in the weeks and months to come.How that information is used and disseminated and the response to the findings will have...
Thu, 09 Sep 2010 07:30:00 +1200
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Christchurch earthquake: Problems for farmers could be lurking underground
Hundreds of farms have been hit by the Christchurch earthquake and water problems may lie hidden underground.Agriculture Minister David Carter said initial concerns had been about animal welfare."We're past that first stage,...
Thu, 09 Sep 2010 07:00:18 +1200
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Optimism returns overnight to world markets
Shares on Wall Street and in Europe rose as strong demand for debt auctions in Europe and the US Federal Reserve's beige book comments gave rise to renewed optimism the global recovery was on track.The Fed said the US economy...
Thu, 09 Sep 2010 07:00:04 +1200
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Obama plans to crank up business tax breaks
WASHINGTON - United States President Barack Obama is calling on Congress to pass new tax breaks that would allow businesses to write off 100 per cent of their new capital investments through next year.The plan is the latest in...
Thu, 09 Sep 2010 06:50:00 +1200
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