Wind farm building runs out of puff
The decade-long surge in big wind farm building in New Zealand is nearing an end with no new projects in the pipeline as the sector booms around the world.
The decade-long surge in big wind farm building in New Zealand is nearing an end with no new projects in the pipeline as the sector booms around the world.
The construction industry has grown by 10,000 firms since 2002, a new Government report shows, but still lacks capacity to deal with current massive demand.
New Zealand is on the cusp of its best year for economic growth in 10 years, says UBS NZ chief economist Robin Clements.
The Government, fresh from the sale of shares in Mighty River Power and Meridian Energy, faces a harder sell when it comes to divesting a 49 per cent stake in the third and final power generator.
The benchmark index for New Zealand's share market could hit 5000 points this week but analysts say share prices still haven't fully recovered from the global financial crisis.
Auckland-based Earthwise Group, a maker of environmentally friendly cleaning products, is top of this year's Deloitte Fast 50 index.
Meridian Energy's instalment receipts have continued to hold firm, helped by buying interest from Bank of New York Mellon Corp, through its London-based subsidiary, Newton Investment.
Wall St is aflutter over Twitter, which is this week set to make the most anticipated stock market debut since Facebook in a huge test for social media and the technology sector.
Meridian says a New York bank owns just 3.98 per cent of the company - not the 8.1 per cent it said earlier.
The price of newly-listed Meridian Energy instalment receipts edged higher this morning.
Analysts expect power company's stock to keep trading above its issue price after gaining 8% on first day.
The NZIER shadow board believes the Reserve Bank should leave the official cash rate on hold at 2.5 per cent when it reviews it tomorrow.
Economists do not expect the Reserve Bank's review of the official cash rate on Thursday to change market expectations of the outlook for interest rates.
China Southern Airlines will be the first carrier to operate scheduled Boeing 787 Dreamliner services to New Zealand from Monday.
McDonald's is introducing some higher-priced options to its Dollar Menu and renaming it "Dollar Menu and More" to spur sales in the US.
Watchdog checks progress as several providers struggle to meet deadline for new reports.
Xero is starting to "come up on the foils and sail away" while its massive US rival is "struggling to move online".
The NZ dollar has continued edge amid the ongoing stand-off between US legislators which is threatening a default on debt obligations of the world's biggest economy.
The political stalemate over the US budget is so far having little impact on the financial markets.
Labour's trade spokesman and a former Trade Minister Phil Goff says he understands why the Government is not releasing text of the Trans Pacific Partnership agreement but says it could be doing more to communicate with New Zealanders.
While many fast-food outlets are discounting, the new arrival is expanding and keeping its prices steady.
New Zealand tech companies are taking an "inefficient spear-fishing approach" to marketing, says a new study.