Dene Mackenzie

Almost time to find out the Unvarnished truth

Three stories caught the eye in the past week.

EU rescue vow steadies markets

EU rescue vow steadies markets

The promise by European Union finance ministers to set up a rescue mechanism for financially troubled governments appeared to steady Asian, Australian and New Zealand sharemarkets yesterday.

Accountant on exchange

Accountant on exchange

Dunedin accountant Jono Bredin will early next month be part of an exchange programme aimed at strengthening economic relationships with Japan.

Competition among telcos hotting up

Telecom and Vodafone yesterday signalled their market intentions as the competition intensifies in New Zealand's telecommunications industry.

Labour's policy process given airing at Dunedin conference

The Labour Party has started the difficult process of differentiating itself from other political parties with a public outing on Saturday of the new open policy process.

Investigating crazy day on Wall St

The New York Stock Exchange yesterday started an investigation into a possible computerised share sell-off that triggered yet another turbulent day on world markets.

Demand cause of XT failures

Demand cause of XT failures

Telecom's XT mobile network was unable to cope with the number of customers wanting to switch to the ultra-fast service, the company said yesterday.

Airline alliance attractive - broker

A transtasman alliance between Air New Zealand and Virgin Blue represents an alluring proposal for Air NZ shareholders, Craigs Investment Partners broker Chris Timms says.

Slowdown costs Telecom $10m in quarter

The ongoing effects of the recession are still costly for Telecom, with the company estimating the slowdown had cost about $10 million in the three months ended March.

Finance markets aid recovery

Finance markets aid recovery

The ongoing recovery in New Zealand's economy was clearly demonstrated in the latest Government accounts released yesterday by Treasury.