SFO to continue Allan Hubbard investigation  
Investors in several funds associated with South Canterbury businessman Allan Hubbard will be interviewed by the Serious Fraud Office (SFO) after it decided there was enough evidence to continue its investigation

UK announces plans to scrap fixed retirement age next year  
Britain has announced plans to scrap the fixed retirement age next year

NZX-50 index closes up 1.607 points at 3034.623  
The New Zealand sharemarket edged up in quiet trading today as markets elsewhere fell

NZ dollar struggles at lower levels, falls vs Aussie dollar  
The dollar continued to struggle after falling sharply yesterday on cautious comments from the Reserve Bank of New Zealand

Telecom sells AAPT consumer division to iiNet  
Telecom will receive $A140 million ($NZ175 million) from the sale of assets in Australia, though the company has failed to sell all of its AAPT business

Silver Fern Farms closes British processing plant  
Silver Fern Farms is closing a plant in Britain that processed and packed frozen products from this country, amid a continuing decline in frozen exports

Corin Dann latest blog: Winter blues?  
Has New Zealand's economy just got the winter blues or is something more sinister going on?

Building consents edge up in June  
The number of consents issued for new homes rose a seasonally adjusted 1.7% in June, with apartment numbers, which tend to be volatile, excluded

SFO charges Waikanae accountant with $2m fraud  
The Serious Fraud Office (SFO) has announced it has laid charges against an accountant for an alleged $2 million fraud

NZ sharemarket edges up in quiet early trading  
The New Zealand sharemarket edged up in quiet early trading

US Fed and central bank clash over deflation worries  
US Federal Reserve officials clashed on Friday over whether the central bank should be more aggressive in supporting the stumbling economy and one said the Fed's current policy may be contributing to worryingly low levels of inflation

Inflation pressures exaggerated claims economist  
A leading economist believes Alan Bollard is taking the wrong course for New Zealand by continuing to raise interest rates and is questioning the real level of inflation pressures

Rich List: The missing men - Hubbard, Serepisos, Hotchin  
Two high profile businessmen are missing from this year's rich list because of uncertainty about their net worth

NZ dollar at two-month low against aussie dollar  
The New Zealand dollar fell to its lowest level against the Australian currency in two months, following yesterday's cautious comments from the Reserve Bank

Ryman Healthcare looks to expand into Australia  
Ryman Healthcare Ltd is looking for a site for its first retirement village in Australia

Increased production forecast for OceanaGold  
OceanaGold Corp is forecasting increased gold production in the third and fourth quarters after posting earnings before interest, tax, depreciation, amortisation, unrealised items and hedges of $US39.2 million ($54 million) in the second quarter

NBR rich list reveals six Kiwi billionaires  
Five Kiwi men and one woman can call themselves billionaires, according to this year's National Business Review Rich List, out today

Eric Watson's lavish Karaka home on the market  
Hanover Finance co-founder Eric Watson's former home, which has a golf course, polo ground and heli pad, is for sale

NZX-50 index rises 10.835 points to 3033.016  
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

Trans-Tasman trade could threaten NZ honey industry  
The government has confirmed that Australian honey could be on New Zealand supermarket shelves, prompting fears for the survival of Kiwi products and New Zealand's bee population

NZ dollar at US72.38c at 5pm  
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%

Interest rates go up again as OCR lifted to 3%  
The Reserve Bank has raised the Official Cash Rate for the second time in six weeks lifting the rate today to 3.0%

Land use consents for Mackenzie Basin factory dairy farm quashed  
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

NZ Oil and Gas gets $18.2m from Kupe's first full quarter  
New Zealand Oil & Gas finished the June quarter with a net cash position of $80 million

Whitcoulls, Borders owner expects to break banking covenant  
REDgroup Retail, operator of bookstore chains Whitcoulls and Borders, is talking to its financiers in a bid to get a waiver from an expected breach of banking covenants in August

AMP warns NZ shareholders not to accept unsolicited offer  
AMP Ltd is warning New Zealand retail shareholders not to accept unsolicited offers to buy their shares at prices significantly below their current market value

Exports back near record highs, up 6.8% in June quarter  
Exports and imports both rose in the three months to June, Statistics New Zealand said today

Sharemarket falls on downbeat Reserve Bank announcement  
The New Zealand sharemarket fell in early trade, after the Reserve Bank increased interest rates but sounded more downbeat than it had seven weeks ago

Interest rate pause signalled after hike  
The Reserve Bank lifted the OCR to 3% today but suggested a pause may be coming for further hikes this year

NZ dollar falls ahead of OCR decision  
The New Zealand dollar eased overnight ahead of the Reserve Bank's decision at 9am on interest rates

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