National welfare peak body, ACOSS is reported to have launched a campaign in support of the equal wage case initiated to introduce hike in the pay rates, in addition to the conditions of 200,000 community sector workers.
ACOSS is driving its members, and other community organizations, to extend their backing to the campaign by signing onto a joint statement of support.
Two Auckland fund Managers are exchanging fire over the withdrawal of support of the key staff from one to the other. Last month, two investment managers and an executive quit highly-regarded Brook Asset Management, in order to join new firm Devon Funds Management, whose founder was former Brook principal Paul Glass.
The federal Government of Australia has raised the matter that market supervision powers will be transferred from the Australian Securities Exchange to the securities regulator. The objective of Australian Government is to target third quarter for shifting the frontline market supervision to the Australian Securities and Investments Commission.
After another increase in the price of iron ore, Australian stock market is assumed to be driven elevated yesterday. Rio Tinto and BHP Billiton, which are the world's second and third largest iron ore, have bannered 23% increase in Japanese steel mills.
The latest MasterCard Worldwide index of Consumer Confidence survey revealed that New Zealanders who are under 30, are three times more optimistic than they were a year ago. About 65.9 consumers are feeling more positive 21.5% a year ago.
In a recent development, two businessmen have been sentenced to a prison term of 6 years. The two people have been found guilty of a tax fraud.