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24 May 2018

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Manawatu District councillors reject rural rates hike amid public pressure
Officials have rejected a proposal to increase rural rates in ManawatÅ« by more than 30 per cent after a district-wide protest.

Rio Tinto plans to sell interest in Papua's Grasberg mine
Multi-national mining giant Rio Tinto says it plans to sell its interest in the lucrative Grasberg mine in Indonesia's Papua province for $US3.5 billion.

While you were sleeping: Treasuries rally as Fed’s in no rush
US Treasuries climbed while Wall Street was mixed, giving up some of its earlier declines, as Federal Reserve policy makers signalled the pace of interest rate hikes is unlikely to accelerate soon

Auckland council targets Airbnb and Bookabach properties for higher rates
Auckland Council wants property owners who rent their places out via online companies like Airbnb to pay higher rates.

4.91 per cent rates hike 'outrageous'
Invercargill residents will be hit with a rates hike of nearly 5 per cent in the next year and not all are happy.

Government calls for review of insurance law as pressure builds over industry poor conduct
Consumer Affairs Minister Kris Faafoi wants people to tell him about their concerns with the insurance industry, as pressure builds on the sector over conflicts of interest around incentives, harsh disclosure provisions, and unfair exemption clauses

US Treasury bills rates rise to highest in nearly a decade
WASHINGTON (AP) — Interest rates on short-term Treasury bills rose in Monday's auction, reaching their highest levels in nearly a decade for the third week in a row.The Treasury Department auctioned $48 billion in three-month bills...

Concerns raised about councillor's conflict of interest over Nelson's Natureland
A councillor has been accused of harassing fellow members after funding to his wife's zoo was reduced.

Term deposit interest rates 'should be higher'
Retirees might have adjusted to low interest rates - but that doesn't mean they are not still making life tougher for them, one banking expert says.

Low interest rates no good to new borrowers
Mortgage rates are hovering between 4.5 per cent and 5.5 per cent - but if you could not service a loan at 7 per cent, you are out of luck.

Wairarapa rates increases may 'force people from their homes'
Wairarapa residents living in flood-prone areas are confused and angry about a proposal to change the way they pay for flood protection.

Broncos confirm interest in Melbourne Storm coach Craig Bellamy
Brisbane CEO Paul White has confirmed a discussion with Melbourne coach Craig Bellamy about replacing Wayne Bennett at the Broncos.

AP Explains: Congress moves to roll back Dodd-Frank law
WASHINGTON (AP) — Just over decade ago, the first inklings of the coming recession emerged as a housing bubble fueled by scant regulation, low-interest rates and easy credit gradually began to crater and soon would take the rest of...

FANTASY PLAYS: For daily pitchers, look at swinging strikes
Strikeouts are king in daily fantasy baseball. While using career strikeout rates for pitchers and opposing hitters is a good way to identify high strikeout potential matchups, we also want to find ways to identify pitchers whose...

Staying prospect relocates across Tasman
Black type performer Wee Gilly has changed stables and will continue her career in Victoria. The sparingly-raced three-year-old has been purchased by OTI Racing with former owner-trainer Bill Thurlow retaining an interest in the daughter of Roc De Cambes.

'Nothing to fear' with free Maori lessons at Chch restaurant
A Christchurch restaurant putting on free te reo Maori lessons has been overrun with interest so will expand the program, the owner says.

Don't get taken for a ride this summer at the theme park
The best way to save money at theme parks this summer is simple. Don't go.Peak season means peak pricing. Admission discounts can be hard to find, and nearby hotels jack up their rates. Add in the always-inflated prices of food,...