http://www.nzherald.co.nz/ Latest Business headlines from nzherald.co.nz en-nz Copyright 2010 APN HOLDINGS NZ Wed, 10 Feb 2010 05:00:04 +1200 http://blogs.law.harvard.edu/tech/rss APN RSS Generator webnews@nzherald.co.nz webmaster@nzherald.co.nz http://www.nzherald.co.nz/images/nz_little_logo.gif http://www.nzherald.co.nz/business/news/headlines.cfm?c_id=3 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625199&ref=rss The Stock Exchange expects to launch its first dairy futures market in June, initially offering whole milk powder contracts but eventually extending it to other dairy products. NZX derivatives manager Katherine Jaggard said interest... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:50:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625198&ref=rss Business confidence eased in the past month, but remained firmly positive. BNZ's first confidence survey for 2010, published yesterday, found a net 37 per cent of respondents expected the economy to improve in the coming year,... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:20:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625232&ref=rss Members of the Tax Working Group support the Government's reaction - so far - to their recommendations."They have clearly broadly accepted our framework for the future direction of the tax system, which is that there should be... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:20 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625225&ref=rss The vice-president of the Property Investors Federation is relieved that most housing tax options were ruled out in Prime Minister John Key's speech yesterday, but he is wary of what is to come.Andrew King said Key had erred on... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:18 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625221&ref=rss Toyota New Zealand says it will recall all of its third-generation Prius cars, released last year, to improve brake pedal "feel".Paul Carroll, general manager of after-sales for Toyota, said all 260 third-generation Prius owners... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:16 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625196&ref=rss The For Sale sign is up again on the New Zealand arm of childcare business ABC Learning, after six months of negotiations with a potential local buyer came to nothing.The receivers of ABC have been trying to sell the Kiwi subsidiary... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:14 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625213&ref=rss John Key deserves an A- for intent. But a mere D for the dreadful prime ministerial statement that buried a coherent economic agenda in a mass of confusion.Key would have been scratching his head over why his 23-page statement... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:12 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625219&ref=rss TOKYO - Toyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems - the latest in a string of embarrassing safety lapses at the world's largest automaker."I apologise for causing... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:11 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625208&ref=rss PERTH - A Queensland man will have to pay Nintendo A$1.5 million ($1.8 million) in damages after illegally copying and uploading one of its new games to the internet before its release, the gaming giant says.James Burt, 24, will... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:10 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625170&ref=rss TOYOTA - Even in its hometown, the great carmaker has lost some of its mystique.Rising out of the barren winter rice fields of central Japan, this city of 400,000 people is probably the most Toyota-friendly place on the planet.... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:09 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625166&ref=rss NEW YORK - A former Intel executive pleaded guilty yesterday to charges he fed confidential information about the computer-chip maker to wealthy hedge fund manager Raj Rajaratnam, his old friend and central figure in a massive insider... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:08 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625264&ref=rss CANBERRA - Macquarie Group, Australia's largest investment bank, fell the most in more than eight months in Sydney trading after its forecast for second-half profit failed to match analyst estimates.Shares dropped 6.6 per cent... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625263&ref=rss Big personal tax cuts for middle and high-income earners are likely to be announced in the May Budget and take effect from October this year.The tax cuts of up to $4 billion will be funded mainly by increasing GST from 12.5 per... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625229&ref=rss The Government's response to the Capital Markets Development Taskforce report will come "in the next week or so", Prime Minister John Key said yesterday.In his speech to Parliament yesterday Key noted the challenges New Zealand... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625209&ref=rss Britain's shops suffered their worst January trading for 15 years last month. In an ominous signal for the year ahead, total retail sales rose by just 1.2 per cent, according to latest figures from the British Retail Consortium... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625195&ref=rss Insurance and fund manager Tower says it has made a good start to its financial year but expects conditions to remain tough.Speaking at the company's annual meeting in Auckland yesterday chairman Tony Gibbs said the first three... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625194&ref=rss Having reaped the rewards from a historic equities "sweet spot" as markets bounced back from financial crisis lows, AMP Capital Investors says the big question now is whether the recovery can be sustained.It can, says the firm's... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625192&ref=rss Online job site Seek is reporting a rise in job adverts, led by Auckland, with ads rising at a faster rate than applicants.Last week, Statistics New Zealand surprised commentators when it announced the unemployment rate reached... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625171&ref=rss Rents on investment property will rise and buildings will deteriorate if the Government axes building depreciation tax claims, says a KPMG report commissioned by the Property Council.The report opposes Government reform based... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10625169&ref=rss CHICAGO - Toyotas are losing value by the week.Car guide Kelley Blue Book dropped the resale values of recalled Toyotas for the second time in four days yesterday, leaving them as much as 4 per cent or US$300 ($438) to US$750... newsfeeds@nzherald.co.nz Wed, 10 Feb 2010 04:00:00 +1200