Consumer caution com- pounded retailers' misery in the first
three months of the year, Westpac chief economist Brendan
O'Donovan said yesterday.
Manufacturing sentiment in the South is improving but it is
too early for anyone to say the recovery is under way,
Otago-Southland Employers Association acting chief executive
Diana Hudson says.
It was inevitable New Zealand would have to consider
increasing the retirement age from 65, Investment Savings and
Insurance Association chief executive Vince Arkinstall said
The Reserve Bank is urging banks to continue to lend to
creditworthy borrowers but considers margins being paid on
floating rate mortgages are unusually high.
Air New Zealand could be in merger talks with another airline
by the end of the year, an aviation think tank says.
Bad debt expenses for Australia's four major banks, all of
which have significant operations in New Zealand, nearly
trebled to a 16-year high in the six months to March.
New Zealand's much-awaited third mobile phone network has
been renamed 2degrees and is now expected to be launched in
Nationwide E retailer Postie Plus has defied the downturn to
finish the three months ended April with growth in sales and
margin and increased market share.
Training provider Jacque Aldridge takes a pragmatic approach
when she is called in to provide mentoring assistance to a
business having difficulties - she asks them two questions.
Business owners under
stress are being urged not to bottle up their problems but to
take advantage of some local business advice available to
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