The current-account deficit widened in June, the financial
impact of earthquakes in Christchurch causing temporary
United States President Barack Obama has taken an aggressive
stance towards reducing soaring fiscal deficits, yesterday
appearing to be prepared to take the Republicans front on
over tax issues.
AMI has still not called on Government financial support
although Finance Minister Bill English continued to offer
Government support to the troubled insurer.
Fast food has proved to be not as recessionary proof as
expected, with Restaurant Brands yesterday reporting a 6.5%
fall in sales for the 16 weekends ended September 12.
Men in low-paid work were equally affected by pay equity
issues as women in the same position, Service and Food
Workers Union spokeswoman Jill Ovens said yesterday.
service sector is struggling with selected pockets of
hospitality, tourism and retail sectors not seeing their
usual seasonal business flow patterns.
Microsoft is aiming squarely at Apple's iPad technology with
its new Windows 8 operating system.
A busy week for data releases started encouragingly yesterday
with the Westpac McDermott Miller consumer confidence index
remaining unchanged for the three months ended September 12.
The Government has
increased funding to the Inland Revenue Department to target
the cash economy, the economy where people accept cash for
doing jobs but do not report it for tax purposes.
Dunedin City Holdings
Ltd's (DCHL) debt continued to grow in the year ended June
30, but chairman Paul Hudson is confident the company's
strong cash flows can service the debt.
Submit your news & photos - Login or
Opinion? Have your say - Login or Register
event or notice
Add a photo
Make ODT my
Otago Daily Times print and digital edition, The
Star - Dunedin, The News - Central Otago, The
Ensign - Gore, Southland Express -
Invercargill, Southern Rural Life - Otago and
Southland, The Courier - Timaru, Courier Country - Canterbury and
West Coast, Queenstown Times - Queenstown, Mountain Scene -
Queenstown, The Oamaru Mail - Oamaru, The
Greymouth Star - Greymouth, Hokitika Guardian - Hokitika,
West Coast Messenger - West Coast, The Ashburton Courier -
Ashburton, The News - North Canterbury, Extra! schools
Times South Canterbury