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Business

New Zealand's Largest Business Publishing Unit Opens For Business

New Zealand's Largest Business Publishing Unit Opens For Business

5 December 2008 - This week, Fairfax Business Publishing (FBP) was formally established to create New Zealand's largest business publishing unit, encompassing The Independent, PC World, Computerworld, CIO, Reseller News, Unlimited magazine and youth publication Actv8.

Commission's Accounting Separation Requirements Top-Notch

Commission's Accounting Separation Requirements Top-Notch

5 December 2008 - InternetNZ (Internet New Zealand Inc) has reiterated today its strong support for the Commerce Commission's Disclosure Requirements as released in late October for public comment.

St Laurence Limited Recapitalisation Plan Approved

St Laurence Limited Recapitalisation Plan Approved

5 December 2008 - St Laurence Limited (SLL) is pleased to announce that its Recapitalisation Plan (the Plan) and proposal to amend the Trust Deed has been approved by Secured Debenture Stock and Capital Note holders at investor meetings held today in Wellington.

Genesis Energy Clarifies Wellington Price Changes

Genesis Energy Clarifies Wellington Price Changes

5 DECEMBER 2008 - A Dominion Post article this morning gave the impression that all Genesis Energy residential electricity customers in Wellington are facing a 17% price rise. This is not the case.

TelstraClear Arms New Zealand Defence Force With Technology Step Change

TelstraClear Arms New Zealand Defence Force With Technology Step Change

5 December 2008 - The power and capability of TelstraClear's Next IP Network will provide the backbone of a technology step change for the New Zealand Defence Force over the next decade.

Whole Health Sector Shares ACC's Inflationary Worries

Whole Health Sector Shares ACC's Inflationary Worries

4 December 2008 - Inflationary pressures on ACC's accident compensation budget are symptomatic of rising costs affecting health insurers and the health sector as a whole, the Chief Executive Officer of Southern Cross Medical Care Society, Dr Ian McPherson, said today.

Reserve Bank Decision Appropriate

Reserve Bank Decision Appropriate

The Reserve Bank's decision to drop the OCR 1.5 basis points was appropriate in light of recent events says Business NZ Chief Executive Phil O'Reilly.

"International inflation has dropped because of the drop in global demand, especially for oil and commodities including dairy.

Kiwibank Responds To OCR Cut

Kiwibank Responds To OCR Cut

Kiwibank has reacted immediately to the cut in the Official Cash Rate by reducing all home loan rates. The bank is now offering a one-year fixed rate of 6.49% p.a. and a variable rate of 7.45%.

Thank You For Listening Dr Bollard. Will The Banks Now Act?

Thank You For Listening Dr Bollard. Will The Banks Now Act?

Federated Farmers has thanked Dr Bollard for listening to New Zealand's farmers in cutting the Official Cash Rate (OCR) by 150 basis points to five percent this morning. The Federation now looks to New Zealand banks to pass on lower interest rates to businesses and farmers.

Strategic Finance Announces Moratorium Proposal

Strategic Finance Announces Moratorium Proposal

2 December 2008 - Strategic Finance has reached agreement with Perpetual Trust Limited and BOS International (Australia) Limited (BOSIAL), its financier on the terms of the moratorium proposal to be voted on by stockholders, deposit holders and subordinated note holders in Wellington on 22 Decemb