Contributor ReportsTax changes will need wide public support - English (NZPA)
Source: Xtra News
Auckland :: New Zealand | updated Mon Nov 30 14:05:14 -0800 2009 | business-news
Changes to the tax system will be considered as part of the 2010 budget, but there will need to be wide public support for any major changes, Finance Minister Bill English said today. Mr English indicated to the final public...
Record month for NZX trading volumes
Source: New Zealand Infotech Weekly
Auckland :: New Zealand | updated Mon Nov 30 15:54:44 -0800 2009 | business-news
Trading volumes on NZX markets revived in November, chalking up the strongest month in 2009, as the relatively defensive nature of New Zealand’s shares helped them outperform global peers. Total trades climbed 12 percent to 46,524 last month from November...
Auckland house prices spiraling upwards
Source: New Zealand Herald
Auckland :: New Zealand | updated Mon Nov 30 18:53:30 -0800 2009 | business-news
Auckland is driving the rise in house selling price expectations, while the rest of the country lags behind, a report today says. The upward trend in home sellers' price expectations is being driven by the main centres of Auckland, Wellington...
Methven profit down 15pc
Source: New Zealand Infotech Weekly
Auckland :: New Zealand | updated Sun Nov 29 14:58:24 -0800 2009 | business-news
Methven reported a 15 percent fall in half-year net profit as the company worked to reduce its debt levels. The listed tapware manufacturer's results for the six months to September show profit of $4.2 million, 15.4 percent down from the...
RBA hikes rates for third straight month
Source: Scoop
Auckland :: New Zealand | updated Mon Nov 30 21:59:02 -0800 2009 | business-news
The RBA clearly took advantage of the fact that markets had largely expected a rate hike,” said Ben Potter, research analyst at IG Markets in Melbourne. “Had markets seen a December rate hike as less than even chance the RBA...
Pay us rent for ugly power pylons - farmers
Source: New Zealand Herald
Auckland :: New Zealand | updated Mon Nov 30 09:21:29 -0800 2009 | business-news
Federated Farmers is recommending changes in the way national grid operator Transpower buys property to construct pylons, some as tall as 70m, on productive farmland. The farmers' electricity spokesman, Philip York, called for the company to make yearly payments to...
Telstra makes Rocca operations chief
Source: The Australian
Auckland :: New Zealand | updated Mon Nov 30 05:29:48 -0800 2009 | business-news
Michael Rocca as acting chief operations officer, a position that has been vacant since Gregg Winn quit at the start of this year. The restructure has also resulted in Telstra media group managing director Justin Milne taking charge of BigPond...
PEP offers $430m for power producer
Source: Sydney Morning Herald
Auckland :: New Zealand | updated Mon Nov 30 05:06:57 -0800 2009 | business-news
The private equity group yesterday unveiled a $2.75-a-share offer for Energy Developments, which had secured the support of 42 per cent of the target's share register, including its biggest investor, Infratil...Infratil, a New Zealand infrastructure fund that has been trying...
Taskforce backs busting Zespri's grip
Source: New Zealand Herald
Auckland :: New Zealand | updated Mon Nov 30 09:23:51 -0800 2009 | business-news
Turners & Growers chairman Tony Gibbs has hailed a recommendation by the 2025 Taskforce to bust Zespri's export monopoly as a major fillip to his crusade to deregulate the kiwifruit industry. Gibbs has also fired another shot at Trade Minister...
Building consents for houses rise 11pc
Source: New Zealand Herald
Auckland :: New Zealand | updated Mon Nov 30 09:23:55 -0800 2009 | business-news
But it has also prompted economists to predict interest rate hikes earlier rather than later next year. Statistics NZ said yesterday that new housing permits were up 11 per cent in October compared with September. When apartments were included, a...
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