Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from the Australia and New Zealand:
- The Kitchen Table Millionaire: Setting up a home business is exciting and liberating. You are freeing yourself from the shackles of employment and becoming your own boss. In future, you can work whatever hours you want and not answer to anyone. You will no longer…
- Omens of recession seen in economy: New Zealand faces conditions that are eerily similar to those which preceded the 1998 recession, the Bank of New Zealand says.The bank is forecasting a slowdown, but not a recession, this year but it says the risks to the economic…
- ANZ Bank benefits from NZ business: ANZ Bank has declared a $2.1 billion profit for the half year to March 2007 and says its New Zealand business has made a successful turnaround.
- World worries over China’s Inflation: The world is nervous that China’s next big export could be inflation.
- Emerging markets drive IT spending: IT spending growth in emerging markets is nearly double that of Western economies and is becoming a major factor in GDP growth, according to Gartner..
- iPhone ‘could breach Australian law’: The release of Apple’s iPhone in Australia could be illegal under current trade practices laws, according to a group of Queensland law researchers.
- Sharemarket: Market remains in black: The New Zealand sharemarket slipped into positive territory today despite another down day for Telecom. The benchmark NZSX-50 index rose 1.13 points or 0.03 per cent to 3570.75 after a weakish performance most of last week.
- As predicted, markets finish up: As predicted, the Australian stock market started the week mildly higher, after a positive late turnaround on Wall Street on Friday helped ease US recession concerns.
- Strategic likely to stay: Strategic Finance is not likely to be part of an asset sell-off announced by Australian listed investment company Allco Finance Group but its ultimate owner, Allco subsidiary Allco Hit, will be subject to a review.
- ZFX Bid For AGM Stumbles: Zinfex’s $1 dollar a share bid for would-be nickel miner, Allegiance Mining (AGM) looks dead after the Takeovers Panel made a declaration of unacceptable circumstances and final orders regarding the Zinifex bid.
As always this list is not exhaustive, but I hope it will give you a little overview. — ST.