A round of company annual meetings this week will be followed closely by financial markets, particularly investors who have seen their wealth disappear as reported earnings took a beating during the recession.
Dene Mackenzie reviews Wii Sports Resort.
Labour Minister Kate Wilkinson has called for public submissions on the Holidays Act 2003. Both the Otago-Southland Employers Association and the Otago Chamber of Commerce will make submissions on behalf of members. Business editor Dene Mackenzie backgrounds the review.
The Reserve Bank is likely to stick to its view the dollar will weaken substantially and keep its official cash rate (OCR) at 2.5% at Thursday's monetary policy announcement.
New Zealand's managed funds industry reported a negative funds flow in the three months ended June following three consecutive quarters of positive results, FundSource figures showed yesterday.
The current recession is near its end and BNZ Capital economists are predicting housing markets around the world will lead the way in a global recovery.
The prospect of an overseas investor buying a controlling share of Auckland International Airport (AIA) was raised again yesterday, following a speech by Finance Minister Bill English.
Changes announced yesterday by Finance Minister Bill English to overseas investment rules received the predicted reaction from the Labour Party.
Paying off a mortgage and/or any debt should be a priority for anyone inheriting money during the current recession, a panel of experts selected by the Otago Daily Times recommends.
Kavanagh College's Young Enterprise Scheme team has come up with a flash idea for the 2009 competition, one that prospective pupils visiting the school tonight will receive in their hands.
Tax changes being proposed by the Government will catch investors unaware and may see them paying more tax on their investment income, Dunedin Deloitte associate tax director Peter Truman says.
SkyCity Entertainment Group provided some welcome news to financial markets yesterday, advising that it expected to exceed consensus market profit expectations for the 2009 financial year.
The Government is unmoved by an inquiry by Opposition political parties into bank profits.
New data revealing an average dairy farm made a $58,500 cash loss last year has prompted some calls for dairy factory wages to be frozen.
The upswing in service industry activity in Otago and Southland during June has been welcomed by Otago-Southland Employers Association chief executive John Scandrett.
New Zealand banks could make payment on disputed tax bills without putting pressure on their credit ratings, Standard and Poor's says.
The recession is likely to continue until at least September but New Zealand is tipped to come out of the global downturn first and in much better shape than many of the other affected OECD countries.
The current world economic crisis has caused a massive destruction of wealth and there was barely an investor who was immune.
June was a solid month for listed property, which continues to build on the recovery in share prices that started in May. Business Editor Dene Mackenzie talks to Forsyth Barr broker Suzanne Kinnaird about property investments.
The Government should not be frightened by Fitch revising the country's credit rating to negative, CTU economist Bill Rosenberg said yesterday.
