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Inside Today's Independent Financial Review

Inside Today's Independent Financial Review

FOREST FRENZY; A mountainous one-year backlog of felled timber has grown outside wood processors' doors as forest owners rush to beat Kyoto carbon charges. Nick Smith reports.

MINISTER DEFENDS OUTSOURCING BINGE; Social development Ruth Dyson says it's OK the Ministry of Social Development last year spent $6 million on outsourced services, despite staff numbers hitting 10,000, reports Kimberley Villari.

ON THE HOUSE; As the housing market slows, homeowners are likely to stop withdrawing equity from their homes, potentially sucking $3 billion a year of spending out of retail and the broader economy.

SUPERSIZE ME; Dairy farmers shouldn't just think about what might happen if they OK Fonterra's listing plan; they also need to think about what might happen if they don't.

POWER FAILURE; Was Vector ambushed by the Commerce Commission, or did it just pay too much for NGC?


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Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


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