A recommendation from the Commerce Commission that mobile termination prices should be regulated is seen as positive for the consumer but negative for Telecom, New Zealand's largest listed company.
Business owners in Otago are starting to feel more confident about the future, both their own and that of the economy in general, the June Otago Chamber of Commerce business confidence survey shows.
Opposition political parties in Parliament appear to be joining to try to force the Government to make an early decision on mandatory standards for the use of "smart meters" in New Zealand homes.
New Zealand's road to economic recovery would come through investments and exports, providing the new jobs and productivity the country needed, Finance Minister Bill English said yesterday.
The New Zealand current account deficit narrowed in the March quarter to be the smallest seasonally adjusted deficit since December 2004.
Australia could offer New Zealand some hope for economic recovery as the recession continues on for another quarter.
Difficult trading conditions since Christmas cut into the profit of Smiths City which yesterday reported a 71.5% fall in operating profit for the year ended April.
The Commerce Commission has dealt a blow to investors in two frozen ING funds, telling them they are on their own when it comes to deciding on whether to accept the settlement offer.
Labour Party communications spokeswoman Clare Curran will today try to extract answers from the Government about when the $1.5 billion roll-out of broadband will start.
Mass job losses are being predicted as the economy continues to deteriorate, with up to 60,000 people expected to lose their jobs in the coming year.
Sharebroker ABN Amro Craigs will become Craigs Investment Partners from August 31, reflecting that Craigs has officially repurchased the 50% equity stake in the company previous held by the Royal Bank of Scotland.
Historical data to be released tomorrow and Friday is expected to show that New Zealand remains in recession and the current account deficit, about $15 billion, remains a central theme in rebalancing the economy.
The margin between what interest rates the Inland Revenue Department will pay on under and overpayments of tax is set to increase sharply on Sunday at a time when banks are under pressure to reduce their margins.
Bidding has started briskly for a steak lunch with billionaire infvestor Warren Buffett.
The Commerce Commission decision on the pricing of competitors' access to Telecom's roadside cabinets, known as the sub-loop, has been seen as a positive decision for New Zealand's largest listed company.
Prime Minister John Key is welcoming figures released yesterday which show that more than one million Australian tourists visited New Zealand in the year ended May.
New Zealand's net migration increased strongly again in May as fewer New Zealanders headed across the Tasman.
About 13,000 ING investors are being urged by the Securities Commission to consider carefully the purchase offer for the two frozen funds they received from ING.
Public attitudes and behaviour appear to be the key elements of how badly a swine-flu pandemic will hurt New Zealand's economy, according to a Treasury paper released yesterday.
Grocery group Foodstuffs New Zealand seems to be weathering the recession in reasonable shape with sales and profits for the year ended February similar to those achieved last year.
