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12 May 2024

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BERL predicts economic growth in 2010
Economic forecasters BERL are expecting the New Zealand economy to contract by 1.3 percent in the March 2009 year but recover to 1.8 percent positive GDP growth the following year.

Air NZ buys repair firm
Air New Zealand has expanded its Australian engineering arm with the purchase of aircraft repair and maintenance business Tenix Aviation.

Pumping up a $144m discount

Nearly half of businesses axing staff

Ambitious plan needs investors' power
OSTEND - Taller than any of Belgium's soaring cathedrals, six off-shore windmills rise up from the grey, choppy North Sea waters, ready to start delivering green electricity and reward a 150 million ($368.8 million) investment. Once...

Owen Hembry: Farmers digging in for the long haul
Confidence among farmers is tumbling in the face of global financial market concerns and flagging commodity prices, says Rabobank. The latest Rabobank/Nielsen rural confidence survey shows more farmers expected conditions to get...

Slowdown yes, but no recession, says Kremlin
MOSCOW - A top Russian economic official has claimed the country is in a recession. Not so fast, the Kremlin quickly countered. Deputy Economics Minister Andrei Klepach confirmed what analysts have been saying for some time - that...

Tourism operator wins seven-year fight with IRD
A tourism operator has won a case against Inland Revenue to have $6.28 million in goods and service tax paid back after a seven-year fight over a cheque that bounced. Contract Pacific, which sold New Zealand-based holiday packages...

Businesses do about turn on crunching their staff numbers
Nearly half of New Zealand and Australian businesses are either cutting or freezing staff levels - triple the percentage of organisations considering this just eight months ago. Research by the Hay Group finds the number of businesses...

Aiming for a unique perception
After nine years selling beer to the world, Alan Gourdie is turning to building Telecom products and services against an onslaught by another global giant - Vodafone. He was a key appointment in Paul Reynolds' new team to drag...

Farming 2008: A year of two halves
It has been a year of two halves for farmers.

Deal made to iron out gravy lumps
A "gravy war" triggered by Customs' seizure of 265 tubs of Bisto granules is heading toward a fragile truce.

Council to review bar opening hours

Nervous retailers eye full shelves
A hostof big-name retailers could soon join a growing list of smaller operators being forced into receivership because of choking inventory levels, say retailers and insolvency experts.

Cost cuts mark fight for survival
General Motors is saving every cent it can, from shutting down escalators at night to limiting workers' choice of pens, in case it needs to fight to survive beyond the end of the year and until a friendlier Washington takes over....

Editorial: Much needed boost for small business
The past nine years have been hard on employers, particularly small employers. A Government whose members had little personal experience of an employer's obligations loaded more holidays and other costs on to those obligations and...

US business just shutting down - expert
WASHINGTON - Signs that the US recession will be long and severe mounted with a fresh round of bad economic news, including plunging sales from manufacturers to stores and falling prices that raise fears of dangerous deflation. The...

Asian giants vow to fight crisis
FUKUOKA - The leaders of Japan, China and South Korea said at the weekend that Asia must be the engine of growth to counter global financial turmoil and vowed to rev up their economies with infrastructure projects, and bolster domestic...