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The New Zealand Herald

Lower deposit guarantee hurt South Canterbury

Lower deposit guarantee hurt South Canterbury
Wellington, Sept 2 NZPA - Wealthy investors pulling money out of South Canterbury Finance (SCF) to get below new limits for the Government's deposit guarantee scheme appear to have compounded the woes of the Timaru-based finance company.

Electricity commission investigates market breach claims

Electricity commission investigates market breach claims
Wellington, Aug 25 NZPA - The Electricity Commission is investigating allegations by power generators about non-payment of electricity market participants by clearing manager NZX on August 20.

Electricity commission investigates market breach claims

Electricity commission investigates market breach claims
Wellington, Aug 25 NZPA - The Electricity Commission is investigating allegations by power generators about non-payment by clearing manager NZX, as well as an allegation against one company by NZX.

APN has clear multi-media strategy, believes in newspapers

APN has clear multi-media strategy, believes in newspapers
Wellington, Aug 18 NZPA - The nzherald.co.nz website is highly profitable and has advertising revenues in excess of a million dollars a month, owner APN News & Media Ltd said. It said it is continuing to review opportunities to charge for content.

INM sells 5.7 percent stake in Jagran Prakashan

INM sells 5.7 percent stake in Jagran Prakashan
Wellington, Aug 5 NZPA - Independent News & Media Plc (INM) has sold 17.1 million shares in Jagran Prakashan Ltd (JPL) on Indian sharemarkets to exit the investment. The 32 million euros ($NZ57 million) it received will be used to reduce bank debt.

Corrections Department to be biggest

Corrections Department to be biggest
Wellington, July 2 NZPA - The Corrections Department will be the largest government department within a few years, Finance Minister Bill English said.

Govt butting out smoking in jails

Govt butting out smoking in jails
By Maggie Tait and Laura McQuillam of NZPA Wellington, June 29 NZPA - Former prison manager Celia Lashlie is backing prison staff union the Corrections Association over its concerns banning smoking will see more violence in jails.

ece centres consider pulling out of scheme

ece centres consider pulling out of scheme
Wellington, June 25 NZPA - A survey of early childhood centres has found more than a quarter are looking at leaving the 20 hours free scheme because of cuts in the May budget.

ECE centres consider pulling out of scheme

ECE centres consider pulling out of scheme
Wellington, June 25 NZPA - A survey of early childhood centres has found more than a quarter are looking at leaving the 20 hours free scheme because of cuts in the May budget.

Chair for Pacific Advisory Council quits over Peda's $5m grant

By Kate Chapman of NZPA Wellington, June 22 NZPA - The chairwoman for the Pacific Island Ministerial Advisory Council has quit over the controversial $5 million grant given to the Pacific Economic Development Agency (Peda).