Economy
Christchurch earthquake a 0.5% drag on economy, Whitehead says
Written by Paul McBeth   
Wednesday, 08 September 2010

(BusinessDesk) – The 7.1 magnitude earthquake in Christchurch will wipe about 0.5% from third-quarter gross domestic product, according to the Treasury Secretary John Whitehead.

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Household borrowing on the turn, says Treasury
Written by BusinessDesk   
Monday, 06 September 2010

(BusinessDesk) – Household borrowing is falling faster than new investment in housing, suggesting New Zealanders are starting to get on top of rising debt levels for the first time in a decade, according to Treasury analysis released today.

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High Court upholds record fines against Manawatu ‘dirty dairy’ farmer
Written by Jonathan Underhill   
Friday, 03 September 2010

(BusinessDesk) – A Manawatu farmer and businessman has failed to overturn record fines and costs imposed for waste water and effluent discharges which found their way into local river systems.

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SMELLIE SNIFFS THE BREEZE: Not quite a Lehman’s moment
Written by Pattrick Smellie   
Tuesday, 31 August 2010

(BusinessDesk) – OK, everybody take a deep breath. Underneath all the fog of commentary and arm-waving, a fairly simple thing has happened to South Canterbury Finance today.

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Stronger recovery still two years away, says NZIER
Written by BusinessDesk   
Tuesday, 31 August 2010

(BusinessDesk) – The New Zealand economy will get weaker over election year, 2011, before bouncing back to annual growth near 3% in 2012, says the New Zealand Institute of Economic Research in its latest quarterly predictions, released this morning.

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