New Zealand this week had its country ratings upgraded by
Dun and Bradstreet. MYOB Business Monitor said the slow
spread of the economic recovery has been mixed across the
regions. So where does New Zealand's economy sit about a
month out from the Government's much-lauded Budget? Business
editor Dene Mackenzie investigates.
received some well-timed support from one of its harshest
critics as it comes to terms with profit downgrades,
redundancies and the possibility of splitting itself further
to meet Government requirements.
Telecom has revised its forecast earnings in coming years,
compounding months of difficulties with both regulation and
operation, and also announced a targeted reduction of 200
management jobs this year.
Global currencies yesterday jumped to their highest levels
against the United States dollar in several months after Euro
zone finance ministers approved a giant 30 billion ($NZ57
billion) emergency aid package for debt-plagued Greece.