More personal details sought by credit agencies

More personal details sought by credit agencies

It has recently come to vision that credit companies would be able to gain more access to the financial details of people who are seeking to borrow money under a proposal being investigated by privacy watchdogs.

Under this proposal, the credit companies would be able to find out whether previous credit applications had been approved, what they were for, who lent the money, what the credit limit was, and whether the account was still open.

As of now, they can only scrutinize how many times an individual has applied for credit and any negative details.

Rural property prices hold their ground

Rural property prices hold their ground

On Monday, REINZ released the latest data according to which, turnover for the three months to January 2009 was one of the lowest on record, with just 305 sold compared with the three months to January 2008 when 732 properties sold.

Peter McDonald, REINZ national councilor and rural spokesperson said, "One of the factors having the greatest impact on turnover is the availability of cash, or the lack thereof."

Jetstar tipped to move into domestic market

Jetstar tipped to move into domestic market

Since the Qantas kangaroo's budget subsidiary Jetstar has tipped to move into the New Zealand domestic market, it seems that the former might soon disappear from New Zealand skies.

Jetstar that already flies Trans-Tasman from Christchurch will soon commence the same service from Auckland. Now the domestic market would also be tackled by it.

NZ's Freightways H1 net profit up 1 percent

NZ's Freightways H1 net profit up 1 percent

A 1% increase in the first half net profit, on solid trading for its core business was reported by New Zealand courier company Freightways Ltd on Monday.

In the six months to 31st December, Freightways made a net profit of NZ$16.9 million ($8.8 million) compared with NZ$16.8 million in the same period a year ago.

On Friday Shares of Freightways closed at NZ$3.12, having fallen 2.6 percent in the past year, against a 1.3 percent rise for the benchmark NZSX-50 index .NZ50.

F&P Appliances’ profits decline and shares drop

F&P Appliances’ profits decline and shares drop

The global recession is having its effect as the sales fell steeply in all the markets. Sales of Fisher and Paykel Appliances Ltd, the New Zealand based household appliance maker, fell by more than 13 percent in New Zealand, 8.5 percent in Australia, 13 percent in America and 19 percent in Europe.

The company expects a normalised net profit of NZ$25-NZ$30 million by March end as compared to a net profit of NZ$54.2 million last year.

Romance on the internet invites Armed police raid

Romance on the internet invites Armed police raid

It was an internet romance between a New Zealand man and a German woman which compelled the police to raid a house in South Island. Police said that when the 30 year old German woman went to meet this man at the Dunedin airport she found that he was not the person with whom she had became friendly on the internet and she was deeply shocked.

Detective Senior Sergeant Steve McGregor said that the friends of this woman got worried and concerned when she did not turn up to be with them after meeting her internet friend.

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