A whopping $181 Million loss has been reported by the Bank of New Zealand. The complete year loss is being seen as a possible result of the bank's recent tax case loss.

Revealing figures which disappointed investors and lenders greatly, BNZ reported a $181 Million loss, which was a result of the heavy one-off tax case provisions it has to settle, which stood at a whopping $661 Million. As a result of the loss, cash earnings fell by 13%.

Fonterra To Add Wonders To Dairy Industry Fonterra, a global supplier of dairy products, is planning to boost the production capacity of cultured products to 20,000 metric tonnes each other.

Spending almost 25 million Malaysian Ringgit ($NZ9.8m) to upgrade the plant, the general manager of Fonterra, John McKay is expecting a high in the production capacity of the cultivated products to about 20,000 tonnes from the present 8,000 tonnes.

The plant was inaugurated by New Zealand Prime Minister, John Key, after he signed a free-trade agreement with Malaysia.

The CBI has revealed that United Kingdom is for sure coming out of recession. The recent figures from the CBI no doubt show signs of recovery for High Street.

The month of October saw high street sales grow at the most positive rate, which is the fastest annual rate since almost two years.

Around 41 per cent traders have agreed that their sales have increased, while only 33 per cent claimed that the sales were down, which resulted in a 8 per cent high since December 2007.

While the land prices soaring new highs, the Southeast Asia’s biggest developer CapitaLand reported a loss of 33 per cent in company’s net profit in comparison of the last year.

The profit for the third quarter of 2009 stood at S$281.3 million, which is down by 33 per cent as compared to the last year, when the company earned S$419.4 million.

With an aim to become a leader in carbon industry, Singapore is on the verge of starting the trade of carbon credits by year-end.

Confirming the development at the Carbon Forum Asia conference, a senior minister of state for trade and industry S. Iswaran said that the nation's forthcoming Singapore Mercantile Exchange (SMX) is "on track for year-end" and will provide "an electronic trading platform for futures and options trading on a diversified range of commodities, including energy, metals, agricultural commodities, currencies, commodity indices and carbon credits".

In a recent announcement made by Nintendo, the giant of the gaming consoles world, it will soon be introducing a new version of its much popular DSi handheld video game player in Japan. Equipped with a larger screen, the launch of the new DSi can come as early as this year, if the company's statements and enthusiasm are to be believed.

The DSi, which has been facing tough competition from Apple's iPhone and iPod Touch, has been given a new look, and the earlier screen size of 3.25 inches has now been increased to over

Amazon, the most popular online shopping store has launched shopping application for iPhone and iPod touch users. With this, Amazon allows the users to search for a product using a photograph of a similar product.

The new Amazon Application will connect the customers to their Amazon. co. uk account, which will offer the purchasing. The new shopping application has made shopping much easier and quicker.