Stories by Gyles Beckford
News
US central bank kicks off interest rate cuts
The Federal Reserve has cut interest rates by a bigger-than-expected 0.5 percentage points in its first reduction in more than four years.
Economy goes backwards again
The economy shrunk by 0.2% in the June quarter and for the year.
Synlait shareholders decide it's 'worth saving'
Shareholders have voted overwhelmingly to approve a range of measures to restore its finances and save the company.
Mortgage rate battle continues as another bank cuts home loans rates
Banks are following the market's biggest lender, ANZ, as it cuts rates.
Inflation pressures show signs of easing, consumers still reluctant to spend
A slew of Stats NZ data showed food prices rose 0.2 percent in August on July, but the annual rate eased to 0.4 percent.
ACC proposes levy hikes that will cost homes and businesses
It says the number of injuries has been rising, as has the cost of treating them and rehabilitation.
Contact to take over Manawa Energy in near $2.3b merger
Manawa is a renewable power generator left over after former Trustpower sold off its retail business.
Du Val Group: Receivers query irregular accounting, valuations
A PwC report has highlighted irregular accounting, questioned valuations of assets, and related party transactions which led to the group being placed into statutory management last month.
Stiff penalties proposed for supermarkets after no improvement
The Commerce Commission says it's planning to ramp up regulation and enforcement.
Fletcher Building reaches multi-million dollar settlement over leaky pipes
It has just told the NZ stock market that it will have to set aside $168 million in its next financial statement to cover the settlement.
Auckland property investor and developer Du Val Group put in statutory management
Authorities have tightened their control of Auckland property investor and developer Du Val Group by having it placed in statutory management.
A2 Milk, Synlait settle year-long dispute over infant formula
Synlait says settling the dispute is another step in the company's recovery.
'Energy fretting' becomes a year-round, national event
Analysis - For the second time in three months the whiff of panic has enveloped the country's power sector.
Firm offers up to $590 million to take over The Warehouse Group
Australia's Adamantem Capital has made an unsolicited offer to take over the group, with the backing of founder Sir Stephen Tindall.
ComCom still has doubts over proposed Foodstuffs North and South Island merger
The Commerce Commission still has considerable doubts about the proposed merger between the North and South Island Foodstuffs grocery groups.
Synlait Milk shareholders back $130m loan
The loan arrangement runs for 12 months with an 8 percent interest rate.
OCR remains unchanged at 5.5% for eighth consecutive meeting
However, the Reserve Bank has hinted rate cuts may be closer than previously thought.
ASB brings Reserve Bank rate cut prediction forward to November
ASB is the latest local bank to bring forward its forecast of a Reserve Bank rate cut, picking it could come as soon as November.
NZ out of recession but still in deep economic hole
Analysis - For a country that had just crawled out of recession, there were not many happy faces on the capital's streets today.
Economy limps out of recession as GDP grows
NZ's first-quarter was better than Australia's - and enough to end a 'technical recession' - but lagged behind most trading partners. Audio
Are we out of the recession yet?
Questions about where the economy is headed come amid weak consumer, manufacturing, and construction activity. Audio
Fears recession here to stay, as job ads fall
The economic headwinds are getting stronger as the jobs market and retail spending weaken.
