Greece 'Yes', 'No' camps neck and neck

Prime Minister Alexis Tsipras got a rock-star welcome at an Athens rally late on Friday as he sought to revive support for a 'No' vote in a referendum called to strengthen his hand in talks with international creditors. In an interview published Saturday the outspoken Varoufakis accused Athens's creditors of "terrorism".

  • Campaigns halt ahead of Greek referendum AAP - 17 hours ago

    Campaigns have halted in Greece on the eve of a closely watched bailout referendum - with voters in a dead heat over whether to defy creditors and push for better repayment terms or essentially seek new political leadership to find a compromise. Political rallies and publication of new opinion polls are banned 24 hours before Sunday's referendum called by left-wing Prime Minister Alexis Tsipras, who has promised to ease austerity after six years of recession. Rival rallies took place a half-mile apart in central Athens late Friday, and Tsipras made his final pitch on a stage set up for a campaign rock concert outside parliament.

  • Businesses seeking to buy state houses Newstalk ZB - Sat, Jul 4, 2015 7:40 AM NZST

    International investment firms, banks, and law firms are among those who want to buy our state houses.

  • Tesla tops 11,000 vehicles delivered AAP - Sat, Jul 4, 2015 12:28 AM NZST
    Tesla tops 11,000 vehicles delivered

    Tesla's second-quarter deliveries have surged 52 per cent to set a company record exceeding 11,000 vehicles. The Palo Alto, California, electric car maker surpassed 10,000 vehicles for the first time in the first three months of 2015 and on Thursday said it had broken that record, delivering 11,507 vehicles. Tesla makes only one car, the Model S sedan, but chief executive Elon Musk in June said he expects to begin deliveries of an SUV, the Model X, in three or four months.

  • Fannie, Freddie CEOs get big pay rises AAP - Fri, Jul 3, 2015 10:35 PM NZST

    The chief executives of US government-backed mortgage giants Fannie Mae and Freddie Mac are getting large raises, to about $US4 million ($A5.23 million) a year, as the government relaxes rules that were imposed on the companies after they suffered big losses and were bailed out. In forms filed with the Securities and Exchange Commission, the companies disclosed that Fannie Mae CEO Timothy Mayopoulos and Freddie Mac CEO Donald Layton will get annual base salaries of $US750,000 each, $US2.1 million in fixed deferred compensation and $US1.2 million in at-risk deferred salary. The Federal Housing Finance Agency, which oversees the companies, said the new plans take CEO performance into account and defer compensation so the executives stay with the companies.

  • Early blow for TFS action against analyst AAP - Fri, Jul 3, 2015 8:00 PM NZST

    Sandalwood producer TFS Corporation has stumbled at an early hurdle in its legal action against an equities analyst and his employer, Taylor Collison. TFS Corporation launched the action after Adam Paul Dellaverde authored a 57-page PowerPoint presentation about the company in September last year, that it believed was damaging. According to a document submitted to the West Australian Supreme Court, TFS Corporation said the presentation was "saturated with false and misleading statements" and omitted key information about its financial affairs and business operations.

  • Gold miners could extract gold in new way AAP - Fri, Jul 3, 2015 7:54 PM NZST

    Australia's gold miners may soon have access to a technique to extract gold without the environmental risks associated with cyanide. Highly toxic cyanide is used in mining to dissolve gold and ores, but the process is often banned in sensitive environments due to contamination concerns. CSIRO scientists and US gold mining giant Barrick Gold recently collaborated to produce a gold bar without using cyanide for extraction.

  • Retail data sends $A to two month low AAP - Fri, Jul 3, 2015 7:47 PM NZST

    The Australian dollar hit a two and a half month low after sluggish local retail spending figures disappointed the market. RBC foreign exchange strategist Keng Goh said the Aussie dollar's fall after the release of the retail figures was the day's big move. At 1700 AEST, the Australian dollar was at 93.35 Japanese yen, down from Thursday's close of 94.21 yen, and at 68.35 euro cents, down from 68.94 euro cents.

  • Economists sift through patchy data AAP - Fri, Jul 3, 2015 7:36 PM NZST

    Economic figures this week were patchy, leaving economists to weigh up the pluses and minuses facing the Australian economy. The headline of their analysis - "Housing boom bigger, but capex cliff steeper" - highlighted the Reserve Bank of Australia's dilemma. The number of visitor arrivals is growing more rapidly than resident departures from Australia, in part because of increasing numbers of visitors from China.

  • More rate cuts this year unlikely - survey AAP - Fri, Jul 3, 2015 7:10 PM NZST
    More rate cuts this year unlikely - survey

    The Reserve Bank is unlikely to cut rates again this year. All 14 economists surveyed by AAP expect the RBA to keep the cash rate unchanged at its July meeting on Tuesday, and only two expect another cut before the end of the year. HSBC Australia chief economist Paul Bloxham said the RBA is in a "wait and see" mode, assessing the impact of rate cuts before making further moves.

  • Aust bonds firmer ahead of Greek vote AAP - Fri, Jul 3, 2015 7:08 PM NZST

    The Australian bond market is stronger as traders play it safe, uncertain about the outcome of Greece's Sunday referendum on financial reforms needed to secure more bailout funds. Earlier in the week, ...

  • Childcare operators in $162m takeover bid AAP - Fri, Jul 3, 2015 6:45 PM NZST

    Australia's largest commercial childcare operator G8 Education is making a $162 million bid for rival Affinity Education as it continues a rapid expansion. G8 Education chair Jenny Hutson described the offer as "compelling value" for Affinity shareholders.

  • Aust shares down on Greek vote uncertainty AAP - Fri, Jul 3, 2015 6:44 PM NZST

    The Australian share market has slipped one per cent ahead of Greece's referendum on bailout conditions. IG market strategist Stan Shamu said investors were not interested in buying stocks heading into an uncertain weekend in Europe.

  • Drillsearch CEO departs immediately AAP - Fri, Jul 3, 2015 6:27 PM NZST

    Drillsearch Energy has explained chief executive Brad Lingo's sudden departure as necessary because the company needs fresh ideas to move forward. Mr Lingo will leave the oil and gas explorer and producer immediately, after more than six years in the job. Drillsearch chairman Jim McKerlie said the departure was by mutual agreement and that the board had decided new leadership was needed to take the business into its next phase of growth.

  • Murray Goulburn trust makes positive debut AAP - Fri, Jul 3, 2015 6:20 PM NZST

    A special purpose funding vehicle linked to Australia's largest dairy company, Murray Goulburn, has had a positive debut on the Australian share market. The MG Unit Trust is a special purpose funding vehicle that will allow external, non-farmer investors to invest in Murray Goulburn. Murray Goulburn has raised $500 million in new capital from non-farmer investors in the MG Unit Trust, and from an issue of more shares to supplier shareholders.

  • Stocks to watch at close on Friday AAP - Fri, Jul 3, 2015 6:19 PM NZST

    Stocks to watch on the Australian stock exchange at the close on Friday: DLS - DRILLSEARCH - up one cent, or 0.9 per cent, at $1.075 Oil and gas producer Drillsearch Energy says chief executive Brad Lingo's ...

New Zealand Markets

Company Finances

  • Jeep sales drive Fiat Chrysler's 8 pct. June US sales jump Associated Press - Thu, Jul 2, 2015 1:09 AM NZST
    Jeep sales drive Fiat Chrysler's 8 pct. June US sales jump

    Fiat Chrysler says its U.S. sales rose 8 percent last month for the company's best June in nine years. The results are a sign that the auto industry will post another strong month in June compared to a ...

  • Toyota, Nissan, Honda back hydrogen stations for fuel cells Associated Press - Wed, Jul 1, 2015 9:24 PM NZST
    Toyota, Nissan, Honda back hydrogen stations for fuel cells

    Toyota, Nissan and Honda are working together to get more fuel cell vehicles on roads in what they call Japan's big push toward "a hydrogen society." Fuel cell vehicles emit no pollution. They ...

  • FDA weighs new restrictions on liquid nicotine products Associated Press - Wed, Jul 1, 2015 7:58 AM NZST
    FDA weighs new restrictions on liquid nicotine products

    Federal health officials are considering whether to require new warnings and child-resistant packaging on liquid nicotine formulas used with e-cigarettes and other emerging tobacco products. The Food and ...

  • The Legal Lowdown on Starting a Brewery or Distillery Entrepreneur - Wed, Jul 1, 2015 3:30 AM NZST
    The Legal Lowdown on Starting a Brewery or Distillery

    Find out what legal hoops you'll need to jump through in your state before starting a craft alcoholic beverage business.

  • What's driving Detroit's manufacturing turnaround? CNBC - Tue, Jun 30, 2015 3:45 AM NZST
    What's driving Detroit's manufacturing turnaround?

    No longer in bankruptcy, Motor City is busy nurturing 1,400 next-gen advanced manufacturers to rekindle its legacy as a production hub.

  • Discovery secures European Olympic TV rights through 2024 Associated Press - Tue, Jun 30, 2015 2:14 AM NZST
    Discovery secures European Olympic TV rights through 2024

    U.S.-based media giant Discovery Communications Inc. secured the European broadcast rights for four Olympics through 2024 on Monday in a landmark deal worth 1.3 billion euros ($1.45 billion). The parent ...

  • Number of 'American-made' autos drops to new low CNBC - Mon, Jun 29, 2015 4:30 PM NZST
    Number of 'American-made' autos drops to new low

    It's getting tougher to find cars and trucks built in the U.S. that meet an industry index measuring which vehicles are the most "American-made".

  • Many options, no single solution to nation's traffic snarls Associated Press - Sun, Jun 28, 2015 3:52 AM NZST
    Many options, no single solution to nation's traffic snarls

    The problem is clear: Traffic congestion will become significantly worse and more widespread without big changes in how people and products get around. Build more roads. Build more public transit. Rely ...

  • USDA proposes healthier fare for child, adult day cares Associated Press - Sun, Jun 28, 2015 2:46 AM NZST
    USDA proposes healthier fare for child, adult day cares

    As teachers lament seeing toddlers too large to fit in playground swings, a federal program that feeds millions of low-income children may be overhauled for the first time in almost 50 years, aiming to ...

  • You face on your espresso? Highlights from tech show Associated Press - Sun, Jun 28, 2015 2:20 AM NZST
    You face on your espresso? Highlights from tech show

    Imagine staring deep into the foam of your favorite espresso drink and seeing a face looking back at you. Or how about using the charge in your fingers to clean your teeth? At the CE Week gadget show in ...