http://www.nzherald.co.nz/ Latest Business headlines from nzherald.co.nz en-nz Copyright 2012 APN HOLDINGS NZ Sat, 04 Feb 2012 14:00:02 +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=10783245&ref=rss Jailed Texas financier R. Allen Stanford's extreme measures to hide his Caribbean bank's fraud included entering into a blood oath with a top regulator, the man who was in charge of the tycoon's books told jurors yesterday.James... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 06:20:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783238&ref=rss Spanish banks must raise an additional €50 billion ($79 billion) to cover their exposure to toxic real estate loans and assets accumulated during a construction boom that went bust with the financial crisis, according to new... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:50:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783248&ref=rss Barclays plans to cut the pay of the 24,000 employees at its investment banking unit by as much as 30 per cent, sources say.The British lender is preparing to tell employees at Barclays Capital next week that overall pay will be... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:35:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783278&ref=rss The Government is building a new embassy in Beijing to house a major boost to New Zealand's representation in the Chinese capital.Foreign Affairs Minister Murray McCully has confirmed to the Business Herald that Ambassador Carl... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:20 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783242&ref=rss The changing of the guard was announced at three big organisations during the week.Rob Fyfe revealed he would finish as Air New Zealand's chief executive at the end of the year after more than seven years in the demanding role.Reserve... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:18 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783236&ref=rss Agribusiness mogul Alan Pye and his associates have full control of New Zealand's largest dairy farming conglomerate after South Canterbury Finance sold its $54.4 million stake in the $535 million business yesterday.The straight-talking... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:16 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783250&ref=rss You know the corporate gravy train has reached a bumpy section of the line when a vilified ex-banker is stripped of his knighthood.Across the western world, more than four years of recession and economic stagnation has left super-sized... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:14 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783273&ref=rss Xenophobia over Crafar sale galling Labour leader David Shearer went up in my estimation when he declared Waitangi Day a politics-free zone, "a time when we come together as a nation to celebrate our cultural diversity and everything... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:12 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783280&ref=rss How much longer must this credit crunch siege mentality carry on? The global financial crisis didn't happen yesterday - it just feels like it. More than three years on, economies are still in shock. If the oracles are right we have... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:11 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783302&ref=rss Few could argue with this week's decision to strip the UK banker Fred Goodwin of his knighthood. Four years after the Queen had dubbed him 'Sir', his stewardship of the Royal Bank of Scotland had precipitated an eventual $90 billion... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:10 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783233&ref=rss Napa Valley wine producers will go a long way to protect their good name - all the way to Thailand if necessary.That's the latest country which has given Geographic Indication status to Napa wine.This means Thailand will not allow... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:09 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783232&ref=rss Eastman Kodak wants to end its contract for naming rights to the Los Angeles theatre that hosts the Academy Awards as it tries to improve its financial position enough to move out of bankruptcy.Its financial advisers say the benefits... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:08 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783339&ref=rss Super-rich Irish rock star Bono is about to become even richer, thanks to Facebook.The initial public offering (IPO) of Facebook this week revealed that the shares Bono bought in the company three years ago could be worth about... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783264&ref=rss The Warehouse has downgraded profit guidance mainly because margins are being squeezed by discounting excess seasonal stock, its chief executive says.New Zealand's biggest listed retailer yesterday reduced its forecast on adjusted... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783263&ref=rss Justice Robert Dobson has reserved his decision after defence counsel for the directors of Lombard Finance & Investments concluded their summing up yesterday.In the High Court at Wellington, the judge said he will work towards reaching... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783260&ref=rss A $100 million transaction between Bridgecorp and a company described as its "piggybank" was at worst "a concerted effort" to mislead investors and at best "appallingly poor management", the High Court heard yesterday.The trial... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783240&ref=rss Europe needs to double the size of its bailout fund to €1 trillion (nearly $1.6 trillion) if it is to shore up its banking system and stop the spread of its spiralling debt crisis, says an OECD paper.The paper, written by Adrian... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783228&ref=rss I bought into the concept of KiwiSaver and joined myself and family from day one. However, we must now acknowledge the attractiveness of the scheme has been eroded, and it must now be considered a marginal investment option. Since... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783226&ref=rss When the Government dropped its gifting rules last year it appeared to many that a saviour had fallen from the heavens.No longer could people gift only $27,000 a year to trusts or others without incurring tax. They could now give... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10783224&ref=rss Trying to navigate your way through the world of investment opportunities and risks is difficult even for the professionals. For everyone else, an added challenge to overcome is the confusing and overly complicated messages that come... newsfeeds@nzherald.co.nz Sat, 04 Feb 2012 05:30:00 +1200