Cost control remains focus for Telecom
Cost control remains focus for Telecom
Telecom remained on track to deliver a second-half operating profit of about $560 million, acting chief executive Chris Quin said yesterday.
Dene Mackenzie
Business urged to get online
Business urged to get online
Westpac New Zealand business banking general manager Ian Bailey says Otago businesses have a great opportunity to reach greater customer numbers through an initiative launched this week.
AIA fee restructuring targets international market
AIA fee restructuring targets international market
Auckland International Airport is cutting its fees for international passengers but at the same time is lifting its fees for domestic passengers.
Reducing workers' rights likely to compromise health and safety
Reducing workers' rights likely to compromise health and safety
Cutting workers' rights would not improve workplace health and safety, Labour Party labour spokeswoman Darien Fenton said yesterday.
Tax assessments may hurt final take
Tax assessments may hurt final take
Provisional tax assessments and end-of-year financial positions currently being undertaken could hurt what might otherwise be seen as positive news for the Government, WHK tax manager Scott Mason says.
Central banks retain a role in global economy
Central banks retain a role in global economy
Central banks will likely have a significant role to play as fears about Europe's debt crisis continue to hurt financial markets around the world but some feel their influence is waning.
Qantas shocks market; shares plunge
Qantas shocks market; shares plunge
Australian national carrier Qantas Group warned yesterday its profit could fall by up to 91% in the year ended June as it feels the hurt of increased fuel costs, the high value of the Australian dollar and weak markets.
Vodafone talks to Telstra about buying TelstraClear
Vodafone talks to Telstra about buying TelstraClear
Telstra, Australia's biggest phone company, says it is in talks with Vodafone over the possible sale of its TelstraClear unit in New Zealand.
US traders' woes could stir unease
US traders' woes could stir unease
Bear markets are likely to rage this week if United States traders and investors decide today to continue selling off shares and moving into the safer avenue of bonds and some currencies.
First-home buyers warned interest rates can change
First-home buyers warned interest rates can change
BNZ chief economist Tony Alexander has issued a warning for the many young people who are taking out a mortgage for the first time.
Rattled markets shaken down
Rattled markets shaken down
Sharemarket gains around the world were suddenly wiped at the weekend as investors started to panic about job numbers in the United States and the continuing cash crisis in Greece.
Contact downgraded as demand slides
Contact downgraded as demand slides
Electricity generator Contact Energy is expected to have a better 2012 financial year following strong operating statistics in April and May but Forsyth Barr broker Peter Young says the lift still feels short of what he expected.
Fall in terms of trade not as bad as expected
Fall in terms of trade not as bad as expected
Lower export prices led a fall in New Zealand's terms of trade in the three months ended March with the good news being the fall was slightly smaller than expected.
Must-read not for the faint-hearted
Must-read not for the faint-hearted
General Stanley McChrystal, to coin a cliche, was a larger-than-life army commander who wanted more.
Mixed reception for Galaxy S III
Mixed reception for Galaxy S III
New Zealand's three major mobile carriers, Telecom, Vodafone and 2degrees, will all carry the Samsung Galaxy S III on their networks when the much-hyped smartphone is released this morning.
Building consents decline in April
Building consents decline in April
The number of residential building consents issued in April fell, reflecting some of the payback from the strong increase in March.
Further slide forecast for shares in Facebook
Further slide forecast for shares in Facebook
Facebook shares would continue falling in price until investors believed they had found value in the company that could be sustained, Craigs Investment Partners broker Chris Timms said yesterday.
Teen teams talking the talk
Teen teams talking the talk
The Otago regional Young Enterprise Scheme participants appeared before a Dragon's Den of judges yesterday when the oral presentation segment of the annual competition was held in Dunedin.
New hopes for 'fiscal consolidation'
New hopes for 'fiscal consolidation'
The new buzz words "fiscal consolidation" are giving some hope austerity measures in Europe will be replaced by stimulus to strengthen euro-zone economies and reduce unemployment.
Kiwi Saver problems predicted
Kiwi Saver problems predicted
About 16,000 people aged 65 and older will become eligible in July and August to withdraw their KiwiSaver funds as they reach the fifth anniversary of the fund's establishment.