New Zealand posted a trade deficit of #36;NZ347 million ( #36;A273.63 million) in December, taking the total trade deficit for 2008 to #36;NZ5.6 billion ( #36;A4.42 billion).
January 29, 2009
Buswell says WA will retain industrial relations powers
The State Government will tell a Senate hearing into the Fair Work bill in Perth today that it will not be handing over its remaining industrial relations powers to the Commonwealth. The Commerce m
Connex points finger at union
Connex says 80 per cent of train cancellations are the fault of the train drivers union.
IMF figures show need for early action on crisis: Swan
Federal Treasurer Wayne Swan says the latest global economic forecasts from the International Monetary Fund (IMF) show there is a need for countries to act early and use “overwhelming force” to boost growth.
Power out to thousands
Thousands of homes are without power in Melbourne this morning as the electricity companies struggle to cope with demand.
US stocks rally on rescue hopes
US stocks rallied overnight amid optimism that US President Barack Obama was moving swiftly to rescue loss-ridden banks and jolt the economy from recession.
Woolies defies downturn as sales jump
THE economic downturn hasn’t slowed supermarket giant Woolworths and it remains confident it can keep up the pace.
Economic data points to recession
A SHARP contraction in the economy in November has boosted expectations that Australia is set to experience its first recession since 1991.
Panasonic shuts factories as sales plunge
JAPAN’S Panasonic plans to close three plants in Asia and axe hundreds of jobs as it braces to slip into the red for the first time in six years, a report said.
Shares higher as banks gain
THE share market was in positive territory at noon, led by banking stocks, but energy stocks were lower after a drop in the crude oil price overnight.