The following articles are sourced from The New Zealand Herald

NZ sharemarket reverses weak start
Thu, 29 Jul 2010 20:41
The New Zealand sharemarket rallied from a weak start on a day in which investors watched the currency plunge and the official cash rate rise.When announcing the official cash rate was being lifted 25 basis points to 3 per cent,...

NZ dollar falls after OCR hiked
Thu, 29 Jul 2010 20:40
The New Zealand dollar fell sharply on a day the Reserve Bank of New Zealand (RBNZ) hiked the official cash rate (OCR) by 25 basis points to 3 per cent.This is the opposite to what usually happens but investors opted to take more...

Consents for controversial farm quashed
Thu, 29 Jul 2010 17:53
Land use consents granted for a controversial large-scale factory dairy farming proposal in South Canterbury have been quashed, the Environmental Defence Society (EDS) says.The EDS launched a legal challenge in the High Court...

Bollard lifts OCR, future hikes likely to be less
Thu, 29 Jul 2010 14:30
The Reserve Bank has lifted the official cash rate from 2.75 to 3 per cent this morning. The move, though widely expected, is a sign that the economy is still growing enough for bank Governor Alan Bollard to keep winding back...

Record June trade surplus on higher dairy, forestry exports
Thu, 29 Jul 2010 14:00
New Zealand recorded a trade surplus of $276 million for the month of June, equivalent to 7.3 per cent of exports.Publishing the data today, Statistics New Zealand said the largest increases in exports last month, compared to...

Speculation mounts of AAPt deal in Australia
Thu, 29 Jul 2010 13:30
Perth-based internet service provider iiNet has entered a trading halt ahead of a possible acquisition, according to a statement to the ASX.There is speculation in Australia that the company will acquire parts of AAPT from Telecom...

CTU ends co-operation with Govt on trade
Thu, 29 Jul 2010 12:00
The Council of Trade Unions (CTU) says it will no longer co-operate with the Government on trade issues and a United States union boss has cancelled a visit here in response to looming employment law changes.The Government this...

Brian Fallow: Bollard still expects 'respectable' growth
Thu, 29 Jul 2010 11:00
Governor Alan Bollard has acknowledged today what has has been apparent to the financial markets for a while.That is that the outlook for growth and inflation no longer warrants the staircase of official cash rate rises at almost...

$550m data cable plan leaps ahead
Thu, 29 Jul 2010 10:30
Pacific Fibre is a step closer to turning its international data cable ambitions into reality with the sign-up of Asian telco Pacnet as an equal partner.Pacific Fibre chief executive Mark Rushworth said the two companies would...

Bernard Hickey: Hitting the brick wall of too much debt
Thu, 29 Jul 2010 10:30
You almost have to feel for Alan Bollard.Right at the time when he would like to leave his foot on the accelerator to rumble over a few bumps in the road, the government is forcing him to slow down because of the extra chicane...

NZ dollar tumbles despite interest rates hike
Thu, 29 Jul 2010 09:15
The New Zealand dollar tumbled after Reserve Bank Governor Alan Bollard said interest rate increases will be more moderate than he had previously flagged and said the currency's strength is inconsistent with the weaker economic outlook.Bollard...

Emirates gearing up to sell World Cup
Thu, 29 Jul 2010 09:00
Rugby World Cup sponsor Emirates is ramping up preparations for the tournament as the one-year countdown approaches.Emirates manager New Zealand & Pacific Islands Chris Lethbridge said the next big event was September 9 - marking...

Dow ends 4-day win streak on Fed economic report
Thu, 29 Jul 2010 08:00
NEW YORK - US Investors cashed in some of their recent gains on Wednesday after the Federal Reserve gave them more confirmation that the economic recovery is slowing.The Dow Jones industrial average fell almost 40 points after...

Visit from top US union boss cancelled over labour dispute
Thu, 29 Jul 2010 07:30
The United States' top union leader Richard Trumka has cancelled a high-powered visit to New Zealand next February because of the "ongoing labour dispute" between the Key Government and the Council of Trade Unions.The president...

Software firm searches for China success
Thu, 29 Jul 2010 06:30
Local software company Pingar has begun an ambitious push into what seems an unlikely niche market for a New Zealand business: Chinese language computer search engines.Pingar's Tauranga-based co-founder and chief executive, Peter...

Confidence falls for third month
Thu, 29 Jul 2010 05:30
Business confidence has taken an unmistakable turn for the worse, with the National Bank's survey falling for the third month in a row.It is still in positive territory and pointing to the economy recording growth around 3 per...

Ex-BP chief Hayward sent to Russia, with love
Thu, 29 Jul 2010 05:00
Tony Hayward is poised to move to a new job as a non-executive board member with few direct responsibilities at BP's Russia venture, TNK-BP.He would not even need to spend much time in Russia, though his contacts in the Russian...

Groser 'shares no conflict'
Thu, 29 Jul 2010 04:35
Trade Minister Tim Groser owns 40,000 shares in a company which uses New Zealand technology to develop dairy farms in South America but he hasn't broken Parliament's rules. TV One News reported Mr Groser promoted the NZX-listed...

Telstra fined $22m for blocking rivals
Thu, 29 Jul 2010 04:30
Australia's largest telephone company was fined A$18.5 million ($22.7 million) yesterday for blocking broadband internet competitors from using its local exchanges.Telstra was taken to court by the Australian Competition and Consumer...

Tainui Group back in black after $61.1m turnaround
Thu, 29 Jul 2010 04:00
Waikato-Tainui's commercial arms has had a $61.1 million turnaround, it reported yesterday.Tainui Group Holdings and Waikato Tainui Fisheries recorded a net profit of $34.1 million for the year ended March 31 - a huge turnaround...