3News Business

House prices at an all time high

Fri, 13 Nov 2009 18:23:00 +1200

House prices have reached a new all time high.

Key's currency comments followed by slight dip in dollar

Fri, 13 Nov 2009 16:27:00 +1200

The New Zealand dollar dipped slightly this afternoon after international news agencies reported Prime Minister John Key's concerns about the strength of the local currency.

Property prices continue to rise

Fri, 13 Nov 2009 10:56:00 +1200

House prices continued to rise last month but the number of sales was lower than in September, latest figures show.

Warehouse finding retail demand remains unpredictable

Fri, 13 Nov 2009 10:02:00 +1200

Retailer The Warehouse is finding demand remains unpredictable, despite improving consumer confidence, with September and October sales below expectations.

HP's 3Com takeover marks a shot at Cisco

Fri, 13 Nov 2009 07:55:00 +1200

Hewlett-Packard Co.'s $US2.7 billion takeover of 3Com is a shot at networking leader Cisco Systems - and a sign of how old relationships are being frayed by a flurry of manoeuvres by technology heavyweights.

Drop in energy use upends early advance in stocks

Fri, 13 Nov 2009 07:44:00 +1200

A drop in energy stocks dragged the market lower Thursday following a government report that consumers and businesses cut back on their use of oil and gas.

Can New Zealand make top ranks of OECD by 2020?

Fri, 13 Nov 2009 06:42:00 +1200

For some years now we have heard the constant refrain about getting New Zealand back into the top ranks of the OECD by 2020.

Knights to Rememba to give ladies nights to remember

Thu, 12 Nov 2009 21:44:00 +1200

A Mt Maunganui company plans to provide male companionship to busy single ladies, but it's a case of no sex, please - we're chaperones at Knights to Rememba.

Farmers want Facebook

Thu, 12 Nov 2009 21:14:00 +1200

Farmers don't want access to broadband only for those worthy but dull things that can boost their on-farm productivity - they want Facebook.

NZ sharemarket rises, new listing news welcome

Thu, 12 Nov 2009 19:48:00 +1200

The New Zealand sharemarket posted modest gains on a day in which there was confirmation that another new listing is on the way.

Green Shoots may not show until next year - analyst

Thu, 12 Nov 2009 19:44:00 +1200

Beef, sheepmeat and mussel farmers will have to wait until the middle of next year before export demand picks up, says a leading bank.

Farmers call for bigger chunk of broadband pie

Thu, 12 Nov 2009 18:05:00 +1200

The Government's broadband strategy -- which allocates $1.8 billion to improving access to the technology -- is inadequate, says the nation's biggest farm lobby.

Five Star Finance directors face charges

Thu, 12 Nov 2009 16:43:00 +1200

The Companies Office has laid criminal charges in the Auckland District Court against directors of the failed finance company group Five Star.

Manufacturing slumps in September

Thu, 12 Nov 2009 16:37:00 +1200

Growth in the manufacturing sector remains tentative, which is being seen as a reminder that the economic recovery is fragile.

NZ property showing signs of bull market

Thu, 12 Nov 2009 15:28:00 +1200

New Zealand's housing market is displaying all the symptoms of a bull market, Westpac says in a report.

One dead after microlight crash in Taranaki

Thu, 12 Nov 2009 14:24:00 +1200

A microlight has crashed in Taranaki this afternoon, killing one person and possibly another.

Comvita boots profit in recession

Thu, 12 Nov 2009 13:04:00 +1200

Natural health products company Comvita reported a $1.62 million profit in the six months to September 20, up from $203,000 in the same period last year.

NZ retail sales edge up in September quarter

Thu, 12 Nov 2009 12:17:00 +1200

Retail sales edged up a seasonally and inflation-adjusted 0.1 percent in the September quarter.

Westfield says portfolio was resilient through downturn

Thu, 12 Nov 2009 12:14:00 +1200

Shopping centre owner Westfield Group says solid Australian trading conditions continued in the third quarter, while stabilisation continues in the United States, United Kingdom and New Zealand.

Rakon posts first half loss but says revenues now rising

Thu, 12 Nov 2009 10:33:00 +1200

Technology company Rakon reported first half revenue of $72.2 million, up 20 percent on the second half of last financial year, but down 9 percent on the same period last year.

NZ dollar edges lower vs greenback

Thu, 12 Nov 2009 09:45:00 +1200

The New Zealand dollar edged lower against the greenback overnight, as the United States currency climbed away from a 15-month low against major currencies.

Kaikoura Whale Watch picks up prestigious award

Thu, 12 Nov 2009 07:43:00 +1200

Kaikoura's famous whale watching experience has made a big splash at the Responsible Tourism Awards in London - taking out the supreme award at the international award ceremony.

Right House cashing-in on government's Energywise plan

Thu, 12 Nov 2009 06:23:00 +1200

The move to make our homes more energy efficient has been boosted in recent months by the Government’s Energywise grant.

Market update, Thursday November 12, 2009

Thu, 12 Nov 2009 06:23:00 +1200

An update on the markets with First NZ Capital

Claims banks gouging public on floating loan rates

Thu, 12 Nov 2009 06:22:00 +1200

There have been claims from the banking inquiry, conducted by Labour, the Greens and Progressive parties, that the Banks were gouging the public on its floating loan rates to the tune of $2 billion.

Reserve Bank urges refrain from return to riskier mortgage lending

Thu, 12 Nov 2009 06:21:00 +1200

There has been a warning from the Reserve Bank to the banking sector not to return to the riskier mortgage lending practices of the past.

PM labels bank inquiry "fizzer"

Thu, 12 Nov 2009 05:41:00 +1200

Prime Minister John Key has dismissed the opposition-driven parliamentary inquiry into banks' behaviour, which found they failed to fully pass official cash rate (OCR) cuts to consumers.

New farm emissions research will want more money from farmers

Thu, 12 Nov 2009 05:36:00 +1200

Executives planning the science strategy for coordinating research into greenhouse emissions from farms and livestock say they will be looking for increasing funding from the industry.

Uptake of Windows 7 outpacing Vista

Wed, 11 Nov 2009 21:14:00 +1200

Use of Microsoft's three-week-old operating system Windows 7 is climbing rapidly, now accounting for approximately 4 percent of all computers accessing the web worldwide.

Fishy rescue operation underway as canals are drained

Wed, 11 Nov 2009 18:32:00 +1200

A rescue effort with a difference was underway in South Canterbury today after two of the South Island’s key hydro canals were drained.