SkyCity Entertainment Group provided some welcome news to
financial markets yesterday, advising that it expected to
exceed consensus market profit expectations for the 2009
Microsoft appeared less than fazed with the recent
announcement by Google that it was developing an operating
system based on its Chrome browser.
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.
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
The Government should not
be frightened by Fitch revising the country's credit rating
to negative, CTU economist Bill Rosenberg said yesterday.
The current world economic crisis has caused a massive
destruction of wealth and there was barely an investor who
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 Reserve Bank
will have no inflation worries for the rest of the year,
Prime Minister John Key delivered lots of gloomy news
yesterday but provided little inspirational thinking about
how New Zealand might better itself in the near term.
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