All News
Treasury doubles central bank's forecast for drought impact
By Pattrick Smellie April 8 (BusinessDesk) - The Treasury forecasts the summer drought will knock 0.7 of a percentage point off annual economic growth, more than twice the 0.2 percent to 0.3 percent forecast by the Reserve Bank of New Zealand in its latest monetary policy statem...
Supreme Court grants Feltex vendors leave to appeal time-bar in class action
April 8 (BusinessDesk) - The Supreme Court has granted the sellers of failed carpet maker Feltex leave to appeal a class action being led by former shareholder Eric Houghton over whether some or all of the 3,000 investors who have joined the action were time-barred. Chief Just...
Telecom sets up incubator unit for new services in UFB world
By Paul McBeth April 8 (BusinessDesk) - Telecom Corp, the country's biggest telecommunications company, has set up a new incubator-style unit to come up with new services and products that can leverage the shift to an ultra-fast broadband world. The Auckland-based company has...
Prev
