Business Scoop

Archive for June, 2011

Brash: Farming – Vital in Our Past, Present and Future

Speech – ACT New Zealand

An address to Federated Farmers annual conference by Don Brash Leader of ACT New Zealand 30 June 2011 Read more »

MARKET CLOSE: NZ stocks rise; NZ Refining leads gainers

Article – BusinessDesk

June 30 (BusinessDesk) – New Zealand stocks rose, with the upbeat sentiment after the Greek austerity vote flowing through to regional markets. New Zealand Refining Co. led gainers, while Tower Ltd. fell. Read more »

New Rural Lending Rules Take Effect

Press Release – Reserve Bank

The Reserve Bank’s new capital adequacy requirements for farm lending take effect today, requiring New Zealand’s four largest banks to hold more appropriate regulatory capital to back their rural lending portfolios. Read more »

Auckland businesses embrace RWC 2011 opportunities

Press Release – Auckland Council

Many Auckland businesses are making their play for piece of Rugby World Cup 2011 (RWC 2011) action through Match Ready and Business Club programmes, but there is still time for others to get on board. Read more »

Singapore Airlines To Lease 15 More Airbus A330s

Press Release – Singapore Airlines

Singapore Airlines has reached an agreement with Airbus to lease another 15 A330-300 aircraft, providing additional growth opportunities to the airline. Read more »

Speight’s Dog Derby Brings Carnage to Queenstown Winter Fest

Press Release – American Express Queenstown Winter Festival

Man and his best friend arrived at Queenstown’s Coronet Peak in their droves today bringing entertainment and carnage to the ski area’s opening day during the Speight’s Dog Derby – Winter Festival’s longest standing event. Read more »

Impact of bank rules on farm lending rate exaggerated: RBNZ

Article – BusinessDesk

June 30 (BusinessDesk) – New rules requiring New Zealand banks to carry more capital for rural sector lending will have little effect on interest rates to farm borrowers, since banks have already increased their interest rate margins to reflect growing … Read more »

SBS Bank posts solid operating surplus

Press Release – SBS Bank

SBS Bank, New Zealand’s only customer-owned Community Bank has recorded a solid profit result, successfully completed a merger and grown the business, a result that chief executive Ross Smith says is testament to the strength of the SBS Bank model. Read more »

Proposed LTMA reform fail to address the funding challenge

Press Release – NZCID

“Proposals announced today by Minister Joyce to simplify and streamline the Land Transport Management Act to reduce red tape and compliance costs are welcome, but the reforms fail to address long term funding constraints that inhibit transport … Read more »

Prescription Drug Found in Synthetic Cannabis Product

Press Release – Science Media Centre

The Science Media Centre contacted experts for more information on the detection of phenazepam in Pineapple Express. Read more »

Commerce Minister Announces Delegations for Associate

Press Release – New Zealand Government

Commerce Minister Simon Power has announced the delegations for new Associate Commerce Minister Craig Foss. Read more »

5.2% rate increase for Porirua City

Press Release – Porirua City Council

Porirua City Council adopted its Annual Plan 2011/12 last night with an average increase to ratepayers of 5.2% to fund the works and services planned for the next year. Read more »

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