KiwiRail: full steam ahead
State-owned enterprise KiwiRail has started its turnaround journey with an 11 per cent fall in operating profit on the previous year, but new chairman John Spencer says there is reason to be optimistic.Kiwis accused of racism
5:00am Opposition to foreign investment is more about racism than overseas ownership, Land Information Minister Maurice Williamson says.
Dairy prices still 'wobbly'
5:00am A surprise rise in average dairy commodity prices on Fonterra's latest online auction helps keep the faith for a bumper payout to farmers this season, but economists need some convincing that the upturn will last.
Crafar farms' would-be buyer rethinks plans
5:00am The Hong Kong company aiming to acquire the Crafar dairy farms, Natural Dairy (NZ) Holdings, has scaled back its New Zealand investment plans after running up against the Hong Kong Stock Exchange's listing rules.
Economy 'safe' from double-dip recession
5:00am The economy is in no danger of falling into a W-shaped recovery, dropping back towards recession, according to a Business New Zealand report.
Indices
| VALUE | MOVEMENT | |||
|---|---|---|---|---|
| NZX50 | 3,082.484 |  |
5.384 | 0.17% |
| ASX200 | 4,495.710 | |
91.500 | 2.10% |
| DOW | 10,269.470 | |
254.800 | 2.50% |
| NASDAQ | 2,176.840 | |
62.800 | 3.00% |
| FTSE | 5,366.410 | |
141.200 | 2.70% |
| NIKKEI | 8,927.020 | |
103.000 | 1.20% |
| H-SENG | 20,623.830 | |
87.300 | 0.40% |
| NZX50 20 min delay, others last close | ||||
Top Movers
| PRICE | MOVEMENT | |||
|---|---|---|---|---|
| Market Opening Soon | ||||
Currencies
| RATE | |
|---|---|
| Australian Dollar | 0.787 |
| Euro | 0.559 |
| British Pound | 0.464 |
| Hong Kong Dollar | 5.556 |
| Japanese Yen | 60.230 |
| Singapore Dollar | 0.964 |
| US Dollar | 0.715 |
| Price as at 8:10 pm, 2 Sep | |
BNZ brings back the cross
Why fix what is not broken rings true with BNZ as it reverts to a logo similar to its old 1950s southern cross design.
Perpetual discussing Aegis purchase
Pyne Gould Corp said its subsidiary Perpetual Group is in advanced exclusive talks with ASB Bank to buy fund management business Aegis.
Westin hotel stoush
KiwiRail optimistic despite profit fall
Time to use our cultural flexibility
By all accounts, Asia is where many of our businesses and young people should be. But what will it require of us and our attitudes?
Australian trade surplus shrinks
Australia's trade surplus almost halved in July, as coal exports declined to China and India, taking off some of the recent momentum on the international front.
Did politics doom Lehman?
China car sales on the up
Regulators bank on reforms
US bank regulators have pinned their hopes on new powers to avert more bailouts should crisis hit the firms now even larger than those previously considered too big to fail.
Olam bid gets NZFS support
NZ Farming Systems Uruguay's directors have recommended Olam International's takeover bid, which values the dairy farm developer at $171 million.
NZX to help design Fonterra platform
Fonterra Cooperative Group has hired securities market operator NZX to help design a platform for shareholders of the world's biggest dairy exporter to trade stock among themselves.
Sharp rise in dairy prices
New Americas manager for Fonterra
Are higher prices worth it?
Fancy paying more for your food? Of course not. But some say it may be the sacrifice we have to make to ensure a healthy horticulture industry.
Sponsored links
Market rises for second day
The New Zealand sharemarket rose for a second consecutive day after a strong Fonterra online milk powder auction followed news of strength in the Australian and Chinese economies yesterday.
Kiwi gains against Aussie
The New Zealand dollar leaped against the Australian dollar today on a combination of good news on this side of the Tasman and disappointing news on the other side.
Gold retreats from two-month highs
Aust shares power ahead as mood brightens
European stock markets soar
European shares have registered their biggest daily gain in more than three months on strong manufacturing data from the United States and China.
New Zealand banks still tops
Customer satisfaction with the big five banks has improved, but smaller rivals Kiwibank and TSB remain at the head of the pack, a survey shows.
Rich blamed for SCF fall
South Canterbury Finance's collapse appears to have been caused in part by rich investors pulling out cash to get below new limits for the government's deposit guarantee scheme.
Finance sector shake-up
Bailout may boost economy
Brooklyn Rise goes for a song
A slice of a troubled Wellington housing development, on which Lombard Finance is owed more than $40 million, has been sold by receivers for just $2.25 million.
How you can get help
Inland Revenue is running Budget Tax Change Seminars especially for businesses throughout New Zealand over the next few months. There are some particularly for small & medium businesses, and for Maori & ethnic businesses.
Word 'gay' banned from classic Aussie song
God did not create the universe, says Hawking
Bowler's ban for flopping out his 'old fella' overturned
Drink-driver killed on 18th offence
Lover died of asphyxiation in boyfriend's chimney
Top 10 fashion purchase regrets
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