Search Results

President-elect Barack Obama says he is giving top priority to a financial rescue plan for the US and, in particular, the middle class.

Barack Obama will have his campaign promises put to the test on Friday as he meets with economic advisers to discuss his transition to the White House and holds his first news conference as US…

The Papua New Guinea Government will face a lawsuit next week alleging it has breached a memorandum of agreement with the New Ireland Provincial Government over the Lihir gold mine.

President-elect Barack Obama has started forming his White House administration by appointing Rahm Emanuel, a former adviser to President Bill Clinton, to be his chief of staff.

Figures issued by the Treasury show the value of KiwiRail has dropped by more than $200 million in four months.

The Government's coffers are in the red by $757 million for the first three months of the financial year to 30 September.

The Government has announced it will guarantee wholesale bank deposits, following its decision last month to guarantee retail bank deposits amid global financial turmoil.

Labour leader Helen Clark says National's planned "razor-gang" on Government spending would target things such as cheaper doctors' fees.

Labour leader and Prime Minister Helen Clark says the Crown is still in a solid financial position, despite its accounts slipping into the red.

The Treasury is to issue an update of the state of the Government's books on Tuesday morning. The picture is expected to be bleak.

A new two million US dollar public service administration building for Niue has been opened. It was built with aid money from France and New Zealand and will house up...

National Party leader John Key has welcomed assurances from banks on how they will deal with people facing mortgage repayment problems during the recession, and the Government's move to guarantee…

British bank Barclays has announced a proposal to raise more than 7.3 billion Stg using funds from the royal families of Qatar and Abu Dhabi.

Teachers at Papua New Guinea's Government-run schools will see a 14.1 per cent salary increase during the next three years with the first part to be paid at the end...

National has all but ruled out a post-election mini-Budget to deal with the effects of the global economic crisis, if it forms the next government.

The National Party says a report from the Business Roundtable pointing to a continued decline in the productivity of public hospitals contains nothing new and offers no solutions.

The National Party says a report from the Business Roundtable pointing to a continued decline in the productivity of public hospitals contains nothing new and offers no solutions. Audio

A report prepared for the Business Roundtable says the productivity of doctors, nurses and others who work in public hospitals has declined markedly in recent years - despite large increases in health… Audio

General Motors Corp has asked the US government for roughly $US10 billion to support a takeover of Chrysler.

The bank rescue programme in the United States is underway with nine banks to share $US125 billion in cash injections.

Exporters say reduced demand for goods worldwide could spell hard times ahead, despite the New Zealand dollar falling by record levels.

Finance Minister Michael Cullen says he will not be rushed to offer a guarantee to wholesale bank deposits, despite a call by National to move quickly, but says a decision will be made before the… Audio

Treasury Secretary John Whitehead says the latest version of New Zealand's guarantee for retail bank deposits should be the final one.