Business
Personal debt bill shrinking
Kiwis are slowly getting themselves out of debt.Wake-up call for trustees
By ROB STOCK - Sunday Star Times
A trust crackdown is coming with an overhaul of trust regulation likely to create a parallel enforcement regime similar to that governing companies.
DIY trusts under siege
By ROB STOCK - Sunday Star Times
Leaky trusts could become the next great New Zealand financial scandal because many are so neglected they have fallen into total disrepair.
Property prices falling, sales slow
NZPA
Asking prices for properties are falling and they are taking longer to sell, figures released today show.
Salmon success nightmare
By KAREN GOODGER - The Nelson Mail
New Zealand King Salmon is turning away about 25 tonnes of orders a week because it can't meet the demand, chief executive Grant Rosewarne says.
Indices
| VALUE | MOVEMENT | |||
|---|---|---|---|---|
| NZX50 | 3,034.623 |  |
1.607 | 0.05% |
| ASX200 | 4,524.070 |  |
-5.900 | -0.10% |
| DOW | 10,497.880 | |
-39.800 | -0.40% |
| NASDAQ | 2,264.560 | |
-23.700 | -1.00% |
| FTSE | 5,313.950 | |
-5.700 | -0.10% |
| NIKKEI | 9,696.020 | |
-57.300 | -0.60% |
| H-SENG | 21,093.820 | |
2.600 | 0.00% |
| NZX50 20 min delay, others last close | ||||
Top Movers
Currencies
| RATE | |
|---|---|
| Australian Dollar | 0.803 |
| Euro | 0.553 |
| British Pound | 0.462 |
| Hong Kong Dollar | 5.600 |
| Japanese Yen | 62.260 |
| Singapore Dollar | 0.982 |
| US Dollar | 0.721 |
| Price as at 8:10 pm, 30 Jul | |
Furniture feels the squeeze
Canterbury's furniture industry is in decline, facing growing competition from importers and a devastating slump in consumer demand. BEN HEATHER reports.
Hubbard dumped from Rich List
The South Island's supposedly richest man, Allan Hubbard, has been dropped from this year's Rich List because of uncertainty about his net worth.
Cash rate lifted
Firm to be split into separate entities
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