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Wednesday, 17 Dec 2008

Possible Air NZ fines 'no cause for alarm'

By ROELAND VAN DEN BERGH - The Dominion Post | 05:00AM

Air New Zealand shareholders are "not losing any sleep" over the Commerce Commission's decision to prosecute it and 12 other airlines for price-fixing in the air freight market.

Kiwibank ads 'reprehensible'

By JAMES WEIR - The Dominion Post | 05:00AM

STATE-OWNED Kiwibank's advertisements putting down Australian-owned banks are "reprehensible and outrageous", according to former Bank of New Zealand chairman Kerry McDonald.

Warm welcome to end of gas-fire ban

By JAMES WEIR - The Dominion Post | 05:00AM

Lifting a 10-year ban on new gas-fired power stations should encourage more exploration and help steady electricity prices, according to oil and gas explorers.

Christmas shopping rush off to slow start this year

By CATHERINE HARRIS - The Dominion Post | 05:00AM

The usual Christmas shopping frenzy is taking its time this year, although retailers are still hopeful of a last-minute rush.

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 - Close: Dollar regains ground ahead of US rate cut

NZPA

The New Zealand dollar recouped earlier losses against the US dollar ahead of an expected US Federal Reserve rate cut to near-zero.

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

Dec 15 - Close: NZD firms in quiet session

Dec 15 - Open: Dollar wakes up under US55c

Stock market

Dec 16 - Close: Shares post moderate gains, led by top stocks

NZPA

The sharemarket shrugged off concerns in overseas markets to close nearly 0.7 per cent higher today, with leading stocks notching up moderate gains.

Dec 16 - Open: Market opens flat

Dec 15 - Close: Sharemarket gives up gains to close flat

Dec 15 - Open: Sharemarket opens up 21 points

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?

NATALIE SLADE/Dominion Post

OWN MOMENTUM: The team from Wishbone Design Studio, Richard Latham and Jenny McIver, with one of their limited edition Wishbone Bikes. The fresh faced business has rapidly increased its overseas sales over the last year.
• 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

Cup organisers jittery over park delay

Rugby World Cup organisers want the Government to use its powers under the Resource Management Act to fast-track the redevelopment of Eden Park.

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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