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04:46 JBWere's Bernard Doyle on NZ's productivity recession, population growth driving economic growth & advice for NZ sharemarket investors to reduce their holdings

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  • TV take back popular

    27 January 2014 11:57 PM 23

    Tauranga residents are ensuring their unwanted televisions are being put to good use recycling more than 3000 in the first three months of the national TV TakeBack initiative. The programme, funded via the government’s Waste Minimisation Fund, is attracting popular attention with 3368 TVs recycled at various centres throughout the city since last October

  • DOC rangers work to finish new walking route

    27 January 2014 7:19 PM 9

    Trampers can return to Otago's Dart Valley with Department of Conservation staff finishing a new walking route. The original track was swamped when a massive landslide blocked the Dart River, forming a lake. DOC Rangers have been working steadily over the past week to cut a two kilometre route through the dense forest. Conservation Partnerships Manager

  • RBA finds currency battle tough

    27 January 2014 5:22 AM 15

    The mighty Aussie dollar was floated 30 years ago as part of the new free-market orthodoxy that swept through the developed world. But now the Reserve Bank thinks free markets have gone too far. Unfortunately, the currency genie is out of the bottle. It's not going back and it is getting ever more difficult to control. In the 80s global central banks

  • Government deficit bigger than expected

    23 January 2014 10:25 PM 8

    Its tax revenue was half a billion dollars lower than expected, over the five months to the end of November - leaving the Government's deficit about $400 million bigger than forecast. However, Crown debt was also lower than forecast, and the government remains on track to a surplus next year - but it's going to be a tight one. Finance Minister Bill English

  • NZ dollar slips amid US bond speculation

    23 January 2014 8:24 AM 5

    Updated: 08:50, Thursday January 23, 2014 The New Zealand dollar fell against the greenback amid speculation the Federal Reserve will further trim its bond buying program when it reviews policy next week. The kiwi fell to 83.06 US cents at 8am in Wellington from 83.22 cents. The trade-weighted index was little changed at 78.81 from 78.86. The Dollar

  • Dollar dips, but sentiment still positive; pound, Aussie up

    22 January 2014 6:57 PM 19

    NEW YORK (Reuters) - The dollar slipped on Wednesday, hurt by gains in sterling and the Australian currency, but the greenback's outlook remained upbeat as the Federal Reserve might be a week away from its next round of reduction in asset buying. Sterling surged to a three-week high versus the dollar while the Aussie dollar rose to a one-week peak after

  • OceanaGold gold, copper production on target in 2013

    21 January 2014 2:09 PM 7

    By: Orti Despuez, InterAksyon.com January 21, 2014 9:49 PM MANILA - The Australian company that operates the Didipio copper-gold mine in northern Luzon said it surpassed its production goal for 2013. In a report, OceanaGold Corp managing director Mick Wilkes said the combined gold production from Didipio and another mining area in New Zealand reached

  • First quakes, now weather causing power cuts

    21 January 2014 5:02 AM 10

    However most of that is due to bad weather overnight, rather than yesterday's quake, The quake cut power to 5,600 properties around Eketahuna, Alfredton, Palmerston North, Fielding and as far north as Manaia in Taranaki. But lines operator Powerco says the earthquake damage to its network was relatively minor, and had been repaired by 9.00PM last night

  • Workers doubt 'rock star economy' will help them

    20 January 2014 9:20 PM 3

    A Westpac survey shows that despite New Zealand's booming economy - workers are less than confident about their finances. Labour's Andrew Little says this is because workers don't believe they'll reap the benefits of the so called 'rock star economy'. He says taking in to account the growth expectations, a proportionate level of pay increase for workers

  • Quake-rattled farmers check for damage

    20 January 2014 9:19 PM 10

    Farmers in the quake-rattled lower North Island will be checking their properties for any damage or leaks this morning. Federated Farmers board member Anders Crofoot says he's never felt anything like it since he moved to Castlepoint Station 15 years ago. He says other than the house being a mess inside, initial checks haven't revealed any major damage