Business

Southland Times photo

Price for two-tooths tops $200

Farmers searching for breeding stock are likely to struggle as demand has pushed prices for two-tooths to $200 in Southland this week.

It's meat patties at dawn in Queenstown

Queenstown's burger wars are heating up, with a possible three different companies considering opening stores.

Council to decide fate of Five Mile plan

By SHANE COWLISHAW in Queenstown - The Southland Times

An extraordinary meeting tomorrow will determine the Queenstown Lakes District Council's position on appeals to a plan change to part of the Five Mile development in Frankton.

CBD unlikely to be closed off

By CRIS JOHNSTON in Wanaka - The Southland Times

The Wanaka Community Board was "unlikely" to support central business road closures for future Triathlon New Zealand races held in the town, board chairman Lyall Cocks said.

Scam threat to NZ firms

In a typically 21st century crime, fraudsters have used scam emails and fake websites to steal more than €3 million (NZ$6m) of carbon credits from international businesses.

Indices

  VALUE MOVEMENT
NZX50 3,085.507 arrow 9.056 0.29%
ASX200 4,505.070 arrow -16.300 -0.40%
DOW 10,058.640 arrow 150.300 1.50%
NASDAQ 2,150.870 arrow 24.800 1.20%
FTSE 5,111.840 arrow 19.500 0.40%
NIKKEI 9,932.900 arrow -18.900 -0.20%
H-SENG 19,790.280 arrow 239.400 1.20%
NZX50 20 min delay, others last close

Top Movers

  PRICE MOVEMENT
BFW 0.300 arrow -0.150 -33.33%
SGL 0.300 arrow 0.050 20.00%
GEL 0.066 arrow -0.010 -13.16%
SCT 1.200 arrow -0.150 -11.11%
TUR 1.520 arrow 0.120 8.57%
LME 0.160 arrow 0.010 6.67%
WTL 1.250 arrow -0.070 -5.30%
Price as at 6:35 pm, 10 Feb

Currencies

RATE
Australian Dollar 0.792
Euro 0.505
British Pound 0.443
Hong Kong Dollar 5.399
Japanese Yen 62.370
Singapore Dollar 0.985
US Dollar 0.694
Price as at 8:10 pm, 10 Feb

Elders to pitch Just Shorn in United States

elders Elders representatives will today be giving a sales pitch they hope will help secure Elders' Just Shorn wool brand with United States retailers.

Hard work just begins for trust

Consent has been granted and fundraising has to start for a new irrigation scheme in Central Otago. Reporter Natasha Holland talks to farmer Peter Jolly to find out what happens next.

Season not so sweet for honey

Gearing up for major field days

Mixed day for New Zealand dollar

dollar The New Zealand dollar was mixed today and investors digested conflicting reports about the likelihood of a bailout for Greece's finances.

Kiwis turn to credit to pay bills

Almost a third of New Zealanders expect to use their credit card to pay for unaffordable expenses in the coming months, according to a new survey.

Share-based funds best performers

FMG to hire more staff

Sales up for Postie Plus

Postie Plus Group Ltd said sales increased by 9.25 percent in the six months ended January 31, 2010 compared to the same period last year.

Fonterra relaunches brands in China

Fonterra is shedding its coyness about returning to dairy manufacturing in China after a disastrous debut, saying it is relaunching two premium brands there and ultimately wants to make them in China.

FMG to hire more staff

FMG is rallying call centres to hire staff locally by offering several vacancies in Palmerston North, with potential for more.

Dairy cow numbers soar

Agriculture outlook positive

APPLE STOUSH: Australia lifted its 85-year ban on New Zealand apples but imposed conditions so restrictive that the New Zealand Government believes they are in effect a non-tariff trade barrier.

WTO decision soon on apple stoush

The Government is expected to hear at the end of next month the World Trade Organisation decision on New Zealand efforts to export apples to Australia.

Working Group issues recommendations

Tax The "Tax Working Group" has issued its final recommendations to the Government for tax reform, writes Murray McClennan in this week's Taxing Times.

When refinancing, break fees can be tax deductible

Over the holiday break you may have considered refinancing existing business loans to lock in current rates, especially with the prospect of interest rates increases in the near future, writes Murray McClennan in this week's Taxing Times.

Predicting the form of promised reforms

Gift duty requirement not always followed

Banks wise to settle with Inland Revenue

Just before Christmas the big four banks (BNZ, Westpac, ANZ/National, and ASB Bank) reached a settlement with Inland Revenue in respect of long-running tax audits (the High Court had already found against the BNZ and Westpac), writes Murray McClennan in this week's Taxing Times.

Mid-year cash rate rise likely

Tomorrow morning the Reserve Bank will conduct its first review of monetary policy for 2010 and it is extremely unlikely that it will make any change to the record low 2.5 per cent official cash rate, writes Tony Alexander this week.

Here's to a less eventful year

Welcome to a whole new year of informed guessing about what lies ahead for the economy, interest rates, the housing market, the exchange rate (definitely guessing with that one) and so on, in the field of economics, writes Tony Alexander this week.

Brighter new year looms

Home buyers should not wait until late 2010

money

Upturn weak amid debt aversion

There is an upturn under way in the New Zealand economy but it would be wrong to describe it as strong, writes Tony Alexander this week.

Learning to live with Gen Y

Generation Y are those born between 1978 and 1994. So they are aged early 30s down, writes Mary-Jane Thomas in this week's Work to Rule.

Contrast in treatment of the two employees

The following case highlights how important it is for employers to treat all their employees in a fair and equal manner, writes Mary-Jane Thomas in this week's Work to Rule.

A summer summary

Employment termination must be done by the book

Beating the bullies

From the playground to the workplace, bullying is something that, unfortunately, some people never manage to outgrow, writes Mary-Jane Thomas in this week's Work to Rule.

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