Business Scoop

Archive for April, 2009

Looking for more flow through from OCR cut

Press Release – Employers and Manufacturers Association Northern

Business will be watching closely to see how the cut to the OCR today flows through to their borrowing costs, the Employers & Manufacturers Association (Northern) says. The Reserve Bank dropped the Official Cash Rate from three to 2.5 per cent, below …
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Need for long-term interest rate stability

Press Release – First National

Today’s OCR cut will help to reassure vendors and buyers, but banks need to co-operate, First National Real Estate says. “While sales have been strong in recent times, vendors particularly, have held back of late in the hope that buyers would be delivered …
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Shell Leads Price Decrease

Press Release – Shell New Zealand

Shell New Zealand has led a price decrease at the pumps today, effective 11.00am. Ultra 91 is down 5 cents per litre, V-Power is down 4 cents per litre and diesel is unchanged. Today’s price move is attributed to the decrease in the cost of refined …
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Beer lovers to take on DB Breweries over trademark

Press Release – Society Of Beer Advocates

In response to the frustrations expressed by the Society of Beer Advocates (SOBA) Inc about DB Breweries trade marking and preventing others from using the generic term “radler” in relation to their beer, James & Wells Intellectual Property …
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Rabobank: variable base rate on rural loans cut

Press Release – Rabobank

Rabobank New Zealand announces 0.5% reduction in variable base rate on rural loans Rabobank New Zealand has announced it will lower the variable base rate on its rural loans by 0.5% per annum, effective May 15, 2009. Rabobank general manager Rural New …
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Outlook: La Niña over, near-normal winter on way

Press Release – NIWA

SEASONAL CLIMATE OUTLOOK: May – July 2009 The La Niña in the tropical Pacific has faded out, and conditions in New Zealand over the coming 3 months are looking close to normal in many places.
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Waikato te Awa, Waikato te Iwi Expo

Press Release – Waikato-Tainui

As part of events celebrating 150 years of Kiingitanga, Waikato-Tainui in conjunction with Mighty River Power and the Waikato Museum, are hosting an expo on the banks of Tuurangawaewae Marae this week.
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Agreement Reached On Waitaki River

Press Release – Joint Media Statement

The Waitaki Protection Trust and Meridian have signed an agreement giving greater protection to the environmental values of the Waitaki River if Meridian’s North Bank Tunnel Project goes ahead.
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New train design agreed – let the building begin!

Press Release – Greater Wellington Regional Council

Wellington’s Matangi train project has reached a milestone with formal sign-off of the design aspects by all partners – KiwiRail, the Rail and Maritime Transport Union, Rotem-Mitsui and Greater Wellington Regional Council.
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OCR Cut Welcomed: Gov Budget Action Next Test

Press Release – The New Zealand Institute

The New Zealand Institute welcomed the Reserve Bank’s decision to cut the Official Cash Rate by 50 basis points to 2.5%, despite some predictions that it would cut the rate only to 2.75%.
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Former Helen Clark comms head Munro joins Treasury

Article – Businesswire

April 30 – Mike Munro, communications chief for Helen Clarke during much of her tenure as prime minister, has been appointed to the Treasury.
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NZ home-building approvals dip to 17-year low

Article – Businesswire

By Paul McBeth April 30 – New Zealand home-building approvals dipped in March to a 17-year low, and may have reached their nadir, amid signs the housing market has picked up its trough last year.
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