InfoAnda - NZ economy set for sharp contraction in Q4

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Meteor showers in Asia disappoint | 18 November 2009
Libya wants end of fighting: Libyan envoy | | 4 April 2011
Series of grenade blasts wound 50 in Bangkok | 22 April 2010

Pretoria slow to catch World Cup bug: fans | 15 June 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : NZ economy set for sharp contraction in Q4

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: NZ economy set for sharp contraction in Q4 Reuters - Monday, March 16 WELLINGTON, March 16 - New Zealand's economy is likely to have contracted by around 1 percent in the fourth quarter, its biggest in more than a decade, after data showed a record slide in manufacturing sales in the period. ADVERTISEMENT Seasonally adjusted manufacturing volumes fell 5.4 percent for the fourth consecutive quarter in the three months ended December, the largest fall since the series started in 1994, Statistics NZ said on Monday. The data is the last piece of data used to compile growth numbers due at the end of the month, and an analyst said it pointed to a bleak quarter for the economy. "This, along with other partial indicators we have received suggest that Q4 GDP will record a large contraction -- and quite possibly in excess of 1 percent," said ANZ National Bank economist Philip Borkin. A preliminary Reuters poll taken before the data had a median forecast for a 0.8 percent contraction in fourth quarter gross domestic product. The Reserve Bank of New Zealand last week forecast a similar sized contraction. The economy last shrank that much in the first quarter of 1998. Official data for the fourth quarter is due on March 27. New Zealand has been in recession since the start of last year as the global turmoil exacerbated a domestic slowdown caused by drought and weak exports. The central bank cut interest rates by 50 basis points last week to a record low 3 percent to give more support to the economy in the face of the global recession, bringing its total easing since last July to 525 basis points. It has said there is room for more, smaller cuts to around 2.5 percent, but said it also expects the economy to start showing signs of growth in the second half of the year. UBS senior economist Robin Clements said he was now revising his GDP forecast to a contraction of 1 percent from 0.3 percent, and expecting further fall of around 0.5 percent in the first quarter. "We are now considerably more pessimistic on the immediate recovery phase," he said. He said he expected the the RBNZ to deliver at least another 50 basis points rate cut next month, with further action dependent on any signs of recovery. "This might mean that rates stay low for longer, as opposed to going lower than anticipated." The fall in manufacturing sales was led by lower meat and dairy products, petroleum and industrial chemicals. The first-quarter decline compared with a 2.3 percent fall in the previous quarter. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy China may have lost $80 bln on foreign equitiesAFP - 1 hour 51 minutes ago China's Geely says to redeem outstanding conv bondsReuters - 2 hours 14 minutes ago Foreign direct investment in China declinesAP - Monday, March 16 China outlines subsidies for rural auto purchasesAP - Monday, March 16 Related Articles: Business RPT-GLOBAL MARKETS WEEKAHEAD-Bear market endgameReuters - 1 hour 24 minutes ago S.Korea Feb import prices gather pace on wonReuters - 1 hour 27 minutes ago Asian markets mostly higher but caution remainsAP - 1 hour 28 minutes ago Hitachi to cut $5.1 bln in costs, shuffle managementReuters - 1 hour 32 minutes ago India cbank offers 582.30 bln rupees at special repoReuters - 1 hour 36 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Arrest warrant issued for Lindsay Lohan Bailed-out AIG plans bonuses worth millions: report For sale: nagging wife, very high maintenance World Bank warns of "very dangerous" year ahead Twin boys for Charlie Sheen and wife View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Monday, 16 March 2009
Red Cross report describes torture at CIA jails | International |
Nine international soldiers killed in Afghanistan
Pakistan defuses crisis, agrees to restore judge | International |
Israel's Netanyahu secures first coalition partner
Austrian incest father Fritzl on trial for murder | International |
Israel's Netanyahu secures first coalition partner | International |
Israeli envoys make final push to free soldier
Suicide bomber kills six police in Afghanistan | International |
Leftist Funes claims Salvador presidential win
Iraq's al-Maliki: US will stay in insecure areas
Gunmen kidnap four aid workers in south Somalia | International |
Pension funds to sue RBS for losses: report
Syria jails dissident despite detente with West
Stranded South Korean workers cleared to leave North | International |
Twin boys for Charlie Sheen and wife
Explosions near Madagascar presidential palace | International |
Climate change blues: how scientists cope
Bureaucracy and clashing rules hinder Iraq investment
El Salvador ex-rebels win power through ballot box | International |
Shuttle Discovery lifts off on mission to ISS
Cheney: US achieved much of what it wanted in Iraq
Space shuttle Discovery lifts off
Ugandan troops begin Congo pull-out: military | International |
Bernanke says US has averted new depression
AIG says 22 bln of govt funds paid other firms
US troops hold St Patrick's Day parade in Baghdad
OPEC holds off from oil output cut
Secret ICRC file says US practiced 'torture': report
Crisis a chance to tackle climate change, create green jobs
Cybersquatting cases hit record in 2008 | Technology |
Red Cross report describes "torture" at CIA jails
Climate change blues: how scientists cope
World's first solar-powered film premiere
Small software makers ripe for takeovers: report | Technology |
Wall St. underwater: rising seas to hit NY hard
Northeast US to suffer most from future sea rise
Phone banking service launched in Africa, Mideast
Mexico, US carry out exchange of 36 inmates
Record cases of 'cybersquatting' in 2008: UN
Wall St. underwater: rising seas to hit NY hard
Venezuela offers use of air base to Russia: Chavez
Cleopatra 'was part-African'
Grieving Winnenden buries its dead
Phone banking service launched in Africa, Mideast
Tupac's mother files cross-suit over film project | Entertainment |
Race to Witch Mountain takes first at box office | Entertainment |
Taiwan welcomes biggest Chinese tourist group
Lady GaGa wows with big beats, bluesy surprises | Entertainment |
Malaysia court upholds Muslim's return to Buddhism
Girl feared eaten by crocodile in Australia
Sri Lanka says rebel leader likely in war zone
Actor Ron Silver, 62, dies of cancer | Entertainment |
Stranded S.Korean workers cleared to leave North
Four more land roles in Shyamalan's Airbender | Entertainment |
Tests show Chinese athletes 'faking their age'
NZealand court serves papers through Facebook
Widow of Sammy Davis Jr. dies: report | Entertainment |
Pakistan agrees to restore judge
Cybersquatting cases hit record in 2008 | Entertainment |
China may have lost $80 bln on foreign equities
Malaysian Islamic court allows woman to revert to Buddhism
Actor Ron Silver dies in NYC at age 62 of cancer
Oil falls below $45 after OPEC delays cuts
Malaysians to preach tiger protection in mosques
Pakistani stocks surge 5.5 pct on judge decision
Foreign direct investment in China declines
China outlines subsidies for rural auto purchases
South Korea revised Feb exports down 18.3 pct
Korea Hot Stocks
Four more land roles in Shyamalan's "Airbender"
Met Opera celebrates 125 years with lavish gala
Taiwan dollar up on signs of econ optimism, exporters
NZ economy set for sharp contraction in Q4
Tupac's mother files cross-suit over film project
Reports: South Korea, EU near free trade deal
"MacGyver" being reassembled as feature film
Indonesian women eye seats in parliament
Actor Ron Silver dies in NYC at age 62 of cancer
Actor Charlie Sheen and wife welcome twin boys
Cybersquatting cases hit record in 2008
Attorney: Lohan will not appear in court Monday
World's first solar-powered film premiere
Iran's Khatami withdraws from presidential vote: allies | International |
Israel's Netanyahu inks first deal with far-right
Iran's Khatami withdraws from presidential vote
Austria's Fritzl denies murder, admits incest | International |
Reformist Khatami quits Iran presidency race: aide
Lebanese embassy opens in Damascus | International |
Sudan wants foreign groups to stop distributing aid
Bomb thrown at China government office: report | International |
Please save our water, world forum told
U.S. forces shot down Iranian drone: Iraq official | International |
At least 10 killed in Afghan blasts: police
Stocks rally as Russia urges economic reforms
World stocks rally but analysts doubt it can last
Sudan wants foreign groups to stop distributing aid | International |
Eurozone inflation picks up in February
Madagascar opposition calls for president's arrest | International |
Barclays considers toxic asset scheme
World Water Forum tackles freshwater crisis
Cybersquatting cases hit record in 2008 | Technology |
Shuttle Discovery heads for space station
Vatican starts Chinese website but some fear block | Technology |
Cash-hungry U.S. states turn to Web to auction goods | Technology |
Qualcomm says court dismisses Broadcom complaint | Technology |
Egypt's OT says Canada unit gets wireless spectrum | Technology |
Qualcomm says court dismisses Broadcom complaint
Bebo social network expands into Europe
Madonna may adopt another child from Malawi | Entertainment |
U.S. radio show host Don Imus has prostate cancer | Entertainment |
In bad economy, TV news turns to average Americans | Entertainment |
Telemundo, Endemol Spain ink sweeping telenovela pact | Entertainment |
Gunmen release six foreign oil workers in Cameroon
NKorea lets stranded SKoreans return home
Sci Fi Channel changing name, logo | Entertainment |
Pakistan reinstates sacked chief justice
Taiwan: Time not right for reducing China tensions
Arrest warrant issued for Lindsay Lohan | Entertainment |
Pakistan to reinstate top judge, defusing crisis
UN accuses Sri Lankan rebels of recruiting worker
Police find human remains after crocodile attack
Japan PM launches economic crisis talks
S.Korean tourists killed in Yemen blast
Hitachi replaces president
Myanmar astrologers plan lucky birth time Web site
China's CITIC Securities teams with US brokerage
China outlines subsidies for rural auto purchases
China shares rebound after losing week
Japan shows walking female robot for fashion show
US-ENTERTAINMENT Summary
Sci Fi Channel changing name, logo
NKorea partially reopens SKorea border: ministry
Correction: British theater's Olivier awards
Japan shares rise on hopes of steps to help banks
Warhol's Pop Art 60s and 70s revived in Paris
California's drought-resistent gardens are hot
Formula One: Girls, glamour fuel racing dreams
Indonesian election campaign season begins
Indonesia kicks off election campaign
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01