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Tuesday, 16 Dec 2008

Moody's mulls Telecom downgrade

By AARON LIM - BusinessDay.co.nz

International credit rating agency Moody's Investors Service has put Telecom under review for a possible downgrade.

Cynotech looks for increased profit

By DAVID HARGREAVES - BusinessDay.co.nz | 03:35PM

Finance company Cynotech is predicting a "reasonable increase" on last year's $1.8 million profit in the year to December.

NZ energy records posted in September quarter

Reuters | 03:12PM

Record crude oil prices, petrol prices and geothermal electricity generation marked New Zealand's energy trends in the September quarter this year.

Christmas sales flag

By DAVID HARGREAVES - BusinessDay.co.nz

The Christmas shopping season is off to a very slow start - with sales recorded by the country's largest eftpos provider up just 1.7 percent in the first two weeks of December compared with the same period last year.

Market meltdown

EU unveils climate, economic stimulus plan

Reuters

European leaders have sealed a 200-billion-euro economic crisis pact, while unveiling an ambitious climate change deal to cut greenhouse gas emissions by 20 percent from 1990 levels by 2020.

Focus on White House in auto bailout saga

Auto industry bailout dies in US Senate

Rio Tinto to cut 14,000 jobs

Opinion

We don't yet get the gravity of this crisis

By ROD ORAM - Sunday Star Times

Congratulations, New Zealand! We have become the Road Runner cartoons' Wile E Coyote of nations. During the past year we have run full-tilt over the cliff. If we keep running and don't look down, our political and business leaders assure us, we'll be all right.

A principle of shareholders' rights

Falling mortgage rates offer chance

Milking greener pastures

International

Oz Minerals sheds 135 jobs

AAP

Australia's largest zinc miner has sacked 135 workers at a north-west Queensland mine.

More banks embroiled in Madoff scandal

US to press rates toward zero

Ireland to invest billions in banks

Features

The long running air cargo 'cartel' saga

By DENISE MCNABB - The Independent

Charges being filed in the High Court today against Air New Zealand alleging illegal cartel action come in the face of repeated claims by the carrier's chief executive Rob Fyfe that there is no evidence to support such accusations.

Hellaby fix-it pilot unfazed by clouds

'Ecoflation' could hit consumer goods

Just when the sums were adding up . . .

Currency

Dec 16 - Open: Kiwi unable to hold gains against greenback

The New Zealand dollar was unable to hold on to mild gains against a weakening greenback, as the euro surged against the United States currency.

Dec 15 - Close: NZD firms in quiet session

Dec 15 - Open: Dollar wakes up under US55c

Dec 12 - Close: NZD mixed as international events prevail

Personal Finance

Retail landlords nervous

By LIZ MCDONALD - The Press

Confidence among commercial landlords has plunged in the past three months, as LIZ McDONALD reports.

Redundancy help package detailed

Yes is more for hopeful investors

Telcos calling - but who has best deal?

BEN CAMPBELL/Suburbans

RING THE CHANGES: Chief executive Mark Hamilton at the Bell Tea and Coffee Company's new $8.5 million offices and warehouse in Highbrook.
• Read more

International

More banks embroiled in Madoff scandal

Banks and investment funds across the world have lined up to admit investing billions of dollars in the companies of Bernard Madoff, whom US authorities accused of masterminding a massive fraud.

Features

Hellaby fix-it pilot unfazed by clouds

John Williamson has developed a reputation for being something of a fixer. He is now working on listed Auckland diversified industrial and retail company Hellaby Holdings, reports Kris Hall.

National News

'Pimp' had 'perfect client' for underage teen, court told

A teenage girl has told a New Plymouth court that brothel owner Michael Andrew Keith Hastie asked her to work as a prostitute when she was 15.

Sport

Kiwi third fastest

New Zealand driver Brendon Hartley has guided his Red Bull car to the third fastest time after day one of Formula One (F1) testing in Spain.

Personal Finance

Top dollar at mortgagee sale

A three-hectare development site in central Auckland has been sold for $43.5 million in what is believed to be the highest price ever paid for a property in New Zealand at auction.

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