Business / Finance news

Hawke's Bay iwi buys back tribal land

Sun, 19 May 2013 12:11:00 +1200

A Hawke's Bay iwi is buying back tribal land as part of a plan to expand its business interests beyond fishing.

Zespri accused of Chinese scam

Sun, 19 May 2013 08:29:00 +1200

Kiwifruit giant Zespri has been fingered in a scandal which has seen its Chinese agent jailed for avoiding paying duties.

NZ businesses target Indonesia

Sun, 19 May 2013 07:13:00 +1200

Indonesia holds opportunities for New Zealanders to do hundreds of millions of dollars of new business.

Xero wins top prize at Hi-Tech Awards

Sat, 18 May 2013 18:03:00 +1200

Wellington company Xero has scooped the top prize at the annual Hi-Tech Awards.

BNZ: Govt should look at tax advantages

Sat, 18 May 2013 17:40:00 +1200

The head of one of our biggest banks wants the Government to revamp the tax laws to curb the property market.

Sky City expands in Queenstown

Sat, 18 May 2013 17:03:00 +1200

Having done a deal to build a convention centre in Auckland, Sky City is buying a boutique casino in Queenstown to expand there.

Meat held up in China costing NZ industry

Sat, 18 May 2013 16:39:00 +1200

New Zealand's beef and lamb is still being blocked from entering China.

Auckland business confidence up

Sat, 18 May 2013 13:53:00 +1200

Business confidence is on the rise in Auckland with 50 percent of firms believing the business situation will improve.

The truth about the new Anchor bottles

Fri, 17 May 2013 18:55:00 +1200

Since Anchor released their new milk bottles the company has been inundated with calls from angry consumers.

Banks given credit downgrade warning

Fri, 17 May 2013 18:00:00 +1200

An international credit rating agency has placed eight smaller New Zealand banks on notice of a credit downgrade.

NZ meat held up at Chinese border

Fri, 17 May 2013 17:52:00 +1200

Virtually all of New Zealand's meat exports have been blocked at the Chinese border.

Jobs, house prices give Kiwis rosier view

Fri, 17 May 2013 15:27:00 +1200

New Zealand consumers continue to get more optimistic as rising house prices and an improving labour market underpin the rosier outlook.

Vodafone lawyer keeps $500k a year job

Fri, 17 May 2013 15:02:00 +1200

Vodafone New Zealand's general counsel David Kreider has won a bid to keep his $541,000 a year job in a restructuring after the phone company's acquisition of TelstraClear.

Energy costs hike producer prices

Fri, 17 May 2013 12:34:00 +1200

New Zealand producers' input and output prices have posted the biggest gains in almost two years in the first quarter.

Manager told to pay back $650,000 she took

Fri, 17 May 2013 11:38:00 +1200

A woman who took nearly $650,000 from the publishing company she ran over 12 years has been ordered to pay the money back.

NZ dollar hit by US speculation

Fri, 17 May 2013 11:31:00 +1200

The New Zealand dollar slumped to its lowest point this year.

US to spend more in New Zealand, Pacific

Fri, 17 May 2013 11:23:00 +1200

The United States will increase its diplomatic presence in New Zealand.

Kaitaki to get $4.5m facelift

Fri, 17 May 2013 10:24:00 +1200

KiwiRail will spend $4.5 million giving its largest Interislander ferry a facelift later this year.

Rating agency cuts outlook for small banks

Fri, 17 May 2013 09:51:00 +1200

Standard & Poor's, the global credit rating agency, has put eight local banks on notice over the rising risk of a housing bubble bursting in New Zealand.

Eurozone in longest ever recession

Fri, 17 May 2013 08:52:00 +1200

The eurozone is in a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis of 2008-2009.

Budget has NZ dollar bouncing off lows

Thu, 16 May 2013 20:51:00 +1200

The New Zealand dollar came off its recent lows as Finance Minister Bill English's Budget kept the operating surplus target for 2014/15 intact.

NZ shares fall as Telecom cuts guidance

Thu, 16 May 2013 20:46:00 +1200

New Zealand shares fell today.

Emirates announces third A380 for Auckland

Thu, 16 May 2013 18:02:00 +1200

Emirates have announced they will introduce a third daily A380 service in to Auckland in October.

Budget: Quake spending up $2.1 billion

Thu, 16 May 2013 14:38:00 +1200

The Government has increased its contribution to the Christchurch earthquake recovery by $2.1 billion.

Budget 2013: Surplus on target, just

Thu, 16 May 2013 14:12:00 +1200

In announcing his fifth Budget, Finance Minister Bill English today said the Government is on track to return to surplus - but debt is yet to peak.

RIM unveils cheaper BlackBerry

Thu, 16 May 2013 12:28:00 +1200

Research In Motion Ltd. has unveiled a lower-cost BlackBerry aimed at consumers in emerging markets.

Revenue boost for Wellington Airport

Thu, 16 May 2013 11:58:00 +1200

Wellington International Airport posted a 20 percent increase in full-year revenue from its three main airline customers.

Salmonella outbreak kills hundreds of sheep

Thu, 16 May 2013 11:51:00 +1200

More than 100 sheep have died in Southland in one of the worst outbreaks of salmonella in more than a decade.

Wrightson woes don't worry Agria

Thu, 16 May 2013 11:47:00 +1200

Agria Corp has brushed off local subsidiary PGG Wrightson's profit warning as a "temporary setback" and is still optimistic about the long-term outlook for the New Zealand rural services firm.

$30k fine for illegal effluent discharge

Thu, 16 May 2013 11:26:00 +1200

A company that owns several south Waikato dairy farms has been slapped with a $30,000 fine for illegally discharging stock effluent.