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Business news from nzherald.co.nz:
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NZ stocks: Small rises on morning market
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The New Zealand sharemarket made modest gains in early trading as it continues to rally in the first days of the New Year.
The rally, which actually picked up momentum from New Year's Eve, has seen the benchmark NZSX-50 index add... Read more »
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Billionaire ends it all under express train
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A decorated German billionaire has thrown himself under a train after the stress of the global financial meltdown got too much for him to bear.
Adolf Merckle leapt to his death in front of a train after his business empire, which... Read more »
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November trade deficit $520m
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New Zealand's monthly trade deficit narrowed to $520 million in November, as exports rose faster than imports compared to a year earlier.
Releasing the data today, Statistics New Zealand (SNZ) said the monthly deficit equated to... Read more »
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Currency: Kiwi creeps up towards US60c
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The New Zealand dollar crept up towards US60c this morning, after firming against most major currencies overnight.
The kiwi was buying US59.57c around 8am, compared with US58.79c at 5pm yesterday, and continued to edge upwards.... Read more »
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NZers more optimistic about finances - poll
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More Kiwis are feeling optimistic about their financial situation now than they were earlier last year, a new poll suggests.
Despite the torrent of gloomy financial news, more Kiwis are feeling confident about their personal finances,... Read more »
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Bid to revoke Madoff's bail
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A prosecutor has asked that Bernard Madoff be jailed pending trial, saying the disgraced financier violated an agreement with the court by mailing watches, jewellery, cufflinks and mittens worth more than US$1 million ($1.7 million)... Read more »
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Businesses rate National Bank the best
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National Bank business customers are the happiest bank clients, according to a Roy Morgan Research satisfaction survey.
Last year the National Bank maintained its lead in the business customer satisfaction stakes, with 84.5 per... Read more »
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Fran O'Sullivan: Sanlu scandal still tripping up Fonterra
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Fonterra has repeatedly been caught napping over the ongoing mishaps involving its now officially bankrupted Chinese joint venture Sanlu.
The Christmas/New Year holiday period proved no exception, with last week's embarrassing... Read more »
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Toyota calls a halt to production
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TOKYO - Toyota is suspending production at all 12 of its Japan plants for 11 days over February and March, a stoppage of unprecedented scale for the nation's top automaker as it grapples with shrinking global demand.
The last time... Read more »
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Credit doors close on emerging nations
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Developing countries face the threat of a financial drought in the next 12 months, as rich Governments embark on a round of "capital market protectionism", corralling the funds of their battered banks for borrowers back home.
The... Read more »
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