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Latest Business Headlines [Page 5]

Reserve Bank’s debt to income limit proposals are flawed

Sunday, 13 August 2017, 9:54 pm | Tailrisk Economics

A report by Tailrisk Economics on the Reserve Bank’s justifications for possibly imposing debt to income (DTI) limits on housing lending, shows that that they are deeply flawed. The main problem is that the DTI is a crude tool that does not adequately ... More >>

NZ Post's secret audio recordings

Sunday, 13 August 2017, 9:51 pm | Postal Workers Union of Aotearoa

NZ Post's secret audio recordings include householders chatting to their postie at their letterbox and on their private property Unknown to most of its posties, NZ Post has been making continuous audio recordings while they are out driving the new ... More >>

HealthPost attracts rare PM visit

Saturday, 12 August 2017, 2:11 pm | HealthPost

HealthPost focus on natural health and environment attracts rare PM visit Local environment benefits from collective Golden Bay effort Press Release, HealthPost , Collingwood, NZ, 11 August 2017 : HealthPost, established online natural health ... More >>

Exempt first-home buyers, says second real estate boss

Saturday, 12 August 2017, 12:00 pm | Century 21 Real Estate

“The 20 percent deposit requirement for first-home buyers should be scrapped for lower valued properties,” says Geoff Barnett, National Manager of Century 21 New Zealand. More >>

MARKET CLOSE: NZ shares fall on nuclear fears

Friday, 11 August 2017, 8:33 pm | BusinessDesk

MARKET CLOSE: NZ shares fall on nuclear fears, F&P Healthcare and Sky TV drop while Hallensteins rallies More >>

Dollar heading for a 3% weekly fall on North Korean worries

Friday, 11 August 2017, 8:13 pm | BusinessDesk

Aug. 11 (BusinessDesk) - The New Zealand dollar is heading toward a 3 percent weekly fall against the greenback as rising geopolitical tensions continued to crimp risk appetite and weak domestic data continues to weigh. More >>

Auckland transport investment faces $5.9b funding shortfall

Friday, 11 August 2017, 6:16 pm | BusinessDesk

Aug. 11 (BusinessDesk) - An updated project aimed at understanding Auckland's transport investment needs over the next decade has identified a $5.9 billion funding shortfall to be sourced from the government, council and private sector. More >>

The 8 questions every firm must answer on data privacy

Friday, 11 August 2017, 5:03 pm | BusinessDesk

Aug. 11 (BusinessDesk) - Firms holding private information about any of their customers need good answers to eight questions to be sure they're protecting their customers' data well enough, says a new set of draft guidelines from the government-funded but ... More >>

NZ has healthy start-up culture but needs more support: MYOB

Friday, 11 August 2017, 4:03 pm | BusinessDesk

Aug. 11 (BusinessDesk) - New Zealand has a healthy start-up culture, but more can be done to support the development of home-grown entrepreneurs, says business software provider MYOB. More >>

Eating Out Gets More Expensive, Fruit Gets Cheaper

Friday, 11 August 2017, 3:43 pm | BusinessDesk

NZ Food Prices Flat in July as Eating Out Gets More Expensive, Fruit Gets Cheaper More >>

Spreadsheets and managing your Fixed Assets

Friday, 11 August 2017, 3:39 pm | Real Asset Management

For any organisation, having an accurate and robust asset register that shows the location, value and condition of assets can help ensure that resources are available and usable when needed, as well as achieving compliance with key industry legislation. ... More >>

Mycoplasma bovis Update 11 August

Friday, 11 August 2017, 3:16 pm | Ministry of Primary Industries

Mycoplasma bovis - Media Update Friday 11 August 2017 MPI’s progress in the response to the cattle disease Mycoplasma bovis was the focus of a well-attended public meeting in Waimate last night. Around 100 people turned out to hear MPI officials and a number ... More >>

Fonterra tweaks website wording after Consumer test

Friday, 11 August 2017, 2:54 pm | BusinessDesk

Aug. 11 (BusinessDesk) - Fonterra Cooperative Group has amended the claims made about the nutritional benefits of its Anchor-brand 'light-proof' plastic bottles after a Consumer New Zealand test showed they don't protect the vitamins in milk any better ... More >>

NZX50 drops 1% as North Korean tension escalates

Friday, 11 August 2017, 2:36 pm | BusinessDesk

Aug. 11 (BusinessDesk) - The New Zealand benchmark stock index dropped 1 percent this morning as fear about nuclear tensions between North Korea and the United States dragged global equities down. More >>

First NZ Capital Launches New Private Equity Fund

Friday, 11 August 2017, 2:31 pm | BusinessDesk

First NZ Capital Launches New Private Equity Fund for Mid to Large-Scale NZ Companies More >>

Message to Norway, Statoil Unwelcome in New Zealand

Friday, 11 August 2017, 2:26 pm | Oil Free Wellington

Today Oil Free Wellington, is sending a clear message to Statoil; that they, and the fossil fuel extraction they come to profit from, is unwelcome in Aotearoa/New Zealand. A banner saying this has been signed by hundreds of New Zealanders and has ... More >>

Park Road Post Production a partner in Wolf Warrior 2

Friday, 11 August 2017, 2:18 pm | Park Road Post Production

Wellington, New Zealand: The team at Park Road Post Production are toasting the success of another hit movie – this time it’s China’s biggest ever box office success, Wolf Warrior 2. More >>

Leading construction specialists advise on convention centre

Friday, 11 August 2017, 2:12 pm | Minter Ellison Rudd Watts

Ōtākaro Limited awarded the design and construction contract for the development of the Christchurch Convention and Exhibition Centre project to CPB Contractors this week. More >>

NZ Manufacturing Activity Slows in July

Friday, 11 August 2017, 2:12 pm | BusinessDesk

Aug. 11 (BusinessDesk) - New Zealand manufacturing activity continued to expand in July but dipped slightly compared with June after particularly dismal winter weather. More >>

Fishermen in Uproar Over IEMRS Regulations

Friday, 11 August 2017, 2:10 pm | Chisholm Associates

Invercargill commercial fishermen have recommended that MPI immediately halt and review the implementation of their IEMRS. The meeting described Minister Nathan Guy’s rushed approach to IEMRS as “unworkable, excessive and possibly unlawful”. In ... More >>

Mix & Match releases $699 return fare to Los Angeles

Friday, 11 August 2017, 1:36 pm | Mix and Match

Mix & Match releases $699 return fare to Los Angeles in exclusive online sale Amid the battle between travel agents to offer the lowest fares to the USA, New Zealand’s leading online travel agency Mix & Match, a division of House of Travel, has ... More >>

NZ wool sale volumes rise at double auction

Friday, 11 August 2017, 1:30 pm | BusinessDesk

Aug. 11 (BusinessDesk) - A higher volume of wool was sold at auction in New Zealand this week after organisers skipped a week and held a double auction across both islands. More >>

NZ house prices edge up in July; REINZ calls for looser LVR

Friday, 11 August 2017, 1:28 pm | BusinessDesk

NZ house prices edge up in July; REINZ calls for looser LVR rules on sales slump More >>

South Port New Zealand names Nigel Gear new chief executive

Friday, 11 August 2017, 1:20 pm | BusinessDesk

Aug. 11 (BusinessDesk) - South Port New Zealand, the country's southernmost deep water port, has appointed long-serving manager Nigel Gear as the new chief executive from October. More >>

E tū court action targets labour hire at LSG SkyChefs

Friday, 11 August 2017, 1:16 pm | E tu Union

E tū court action targets labour hire at LSG SkyChefs E tū will be in the Employment Court in Auckland on Monday to argue its case on behalf of labour hire workers at global airline catering company, LSG SkyChefs. The union is acting on behalf of workers ... More >>

New Zealand’s Start-up Ecosystem Grows up

Friday, 11 August 2017, 12:31 pm | MYOB

A special report by MYOB highlights that Aotearoa is one of the best places in the world to start a business, but more can be done to support a thriving start-up ecosystem More >>

Only $500 to Protect Taxi Drivers’ Lives

Friday, 11 August 2017, 12:17 pm | Blue Bubble Alliance

11 August 2017 - Blue Bubble calls on the New Zealand Transport Agency (NZTA) to put the safety of drivers and passengers first, and not grant exemptions for security cameras in all small passenger service vehicles. More >>

Hallenstein Glasson Annual Profit Lifts About 25%

Friday, 11 August 2017, 12:16 pm | BusinessDesk

Aug. 11 (BusinessDesk) - Hallenstein Glasson Holding, the clothing retailer, posted a 7 percent increase in annual sales and said profit was about 25 percent higher than the previous year. More >>

Lining Up Labour’s Water Policy

Friday, 11 August 2017, 12:09 pm | Federated Farmers

Federated Farmers wants Labour to honour the commitment it made to only look at charging overseas-owned water bottlers and to permanently park its discriminatory tax on water that will divide communities and undermine regional economies. More >>

NZ dollar falls as North Korea tensions sap risk appetite

Friday, 11 August 2017, 12:07 pm | BusinessDesk

Aug. 11 (BusinessDesk) - The New Zealand dollar fell as the war of words between the US and North Korea sapped risk appetite and stoked so-called safe-haven currencies such as the yen. More >>

Proudly co-operative, Fonterra wins award

Friday, 11 August 2017, 11:46 am | Cooperative Business New Zealand.

New Zealand’s biggest co-operative, Fonterra has been recognised by its peers at a celebration of the people-centred, values-based co-operative business model. Fonterra Co-operative Group, to give the dairy giant its full title, won the Co-operative ... More >>

Sanity prevails over proposed animal manure imports say Feds

Friday, 11 August 2017, 11:22 am | Federated Farmers

Sanity based on sound science has prevailed says Federated Farmers after the Government confirmed it would no longer be permitting imports of products containing animal manure. More >>

Securely Finalist in 2017 Security Industry Annual Awards

Friday, 11 August 2017, 11:15 am | Securely

Friday 11 August - Securely’s commitment to outstanding customer service has seen one its staff members nominated for a top award at the NZ Security Industry Awards, to be held at Te Papa on the 25th of August. More >>

Trump escalates North Korea tension

Friday, 11 August 2017, 11:04 am | BusinessDesk

Aug. 11 (BusinessDesk) - Equities slid, while US Treasuries and gold climbed, as US President Donald Trump’s latest comments further inflamed tension with North Korea. More >>

Auckland and Wellington Accommodation Get Lions’ Share

Friday, 11 August 2017, 11:01 am | Statistics New Zealand

11 August 2017 - The Lions rugby tour drove strong increases in international guest nights in June 2017, Stats NZ said today. More >>

Lower Fruit Prices Bittersweet Due to High Vegetable Prices

Friday, 11 August 2017, 10:58 am | Statistics New Zealand

11 August 2017 - Fruit prices fell 5.2 percent in July 2017, contributing to a 0.2 percent fall in food prices, Stats NZ said today. More >>

NZ Manufacturing Sector Expansion Levels Evenly Spread

Friday, 11 August 2017, 10:47 am | Business NZ

Evenly spread New Zealand's manufacturing sector saw expansion levels evenly spread across the five main indices during July, according to the BNZ - BusinessNZ Performance of Manufacturing Index (PMI). More >>

James Tipping Named Young Energy Professional of the Year

Friday, 11 August 2017, 10:33 am | Deloitte Energy Excellence Awards

Trustpower’s James Tipping named NZ’s Young Energy Professional of the Year Trustpower’s Tauranga-based Manager of Strategy and Regulation, Dr James Tipping, has been announced the Young Energy Professional of the Year at the 2017 Deloitte ... More >>

A Highflyer Programme for Small And Medium Sized Enterprises

Friday, 11 August 2017, 10:20 am | Singapore Airlines

Singapore Airlines has launched an all-new Singapore Airlines HighFlyer programme for Small and Medium-sized Enterprises (SMEs) to get more mileage out of flights on company business. The new SME travel programme is designed to reward both businesses ... More >>

FNZC Launches Principal Investments

Friday, 11 August 2017, 10:07 am | FNZC

11 August 2017 – FNZC is launching a new offering, Principal Investments, to provide mid-to-large scale New Zealand companies and their shareholders with access to private capital. More >>

REINZ calls for LVR review as sales across NZ fall

Friday, 11 August 2017, 9:32 am | REINZ

The number of properties sold across New Zealand in July fell by a quarter (24.5%) when compared to the same time last year, and the number of properties sold in Auckland fell by 30.6% (for the same period) according to the latest data from the Real Institute ... More >>

Synlait Invests in Category Management to Target Growth

Friday, 11 August 2017, 9:29 am | Synlait

Synlait Milk (NZX: SML; ASX: SM1) is investing in category management capability to support increased business development in existing and new categories. More >>

HiFX Morning Update, August 11 2017

Friday, 11 August 2017, 8:19 am | HiFX

The NZDUSD opens at 0.7285 (mid-rate) this morning. The Kiwi is lower again overnight as tension mount over North Korea. The Japanese Yen and gold are the biggest benefactors from safe haven flows. The NZD has traded 169 point range this week or 2.2% and opens ... More >>

MARKET CLOSE: NZ shares mixed, NZOG gains on takeover

Thursday, 10 August 2017, 8:39 pm | BusinessDesk

Aug. 10 (BusinessDesk) - New Zealand shares were mixed, with New Zealand Oil & Gas gaining on a partial takeover offer while CBL Corp and Goodman Property Trust fell. More >>

NZ dollar down on geopolitical tensions

Thursday, 10 August 2017, 8:21 pm | BusinessDesk

Aug. 10 (BusinessDesk) - The New Zealand dollar fell as a less dovish than expected statement and forecasts from the central bank were overshadowed by tensions between the United States and North Korea. More >>

SkyCity honing innovation strategy to remain relevant

Thursday, 10 August 2017, 7:19 pm | BusinessDesk

Aug. 10 (BusinessDesk) - SkyCity Entertainment Group is honing its innovation strategy, looking at everything from facial recognition to online casinos, in a bid to stay on top of emerging trends, says chief executive Graeme Stephens after presenting ... More >>

Sanitarium must be allowed to protect its brand

Thursday, 10 August 2017, 6:40 pm | Food and Grocery Council

Sanitarium must be allowed to protect its brand Sanitarium, like any other trademark holder, has little choice but to protect its brand, says NZ Food and Grocery Council Chief Executive Katherine Rich. More >>

NZ in 'productivity recession', stocks overpriced

Thursday, 10 August 2017, 6:37 pm | BusinessDesk

Aug. 10 (BusinessDesk) - New Zealand's economy is in a "productivity recession" and relies on migrant-fuelled population growth to expand while stocks are overvalued and investors should cut their holdings by about a quarter, says JBWere. More >>

Raising productivity key to lifting NZ living standards

Thursday, 10 August 2017, 6:31 pm | BusinessDesk

Aug. 10 (BusinessDesk) - Reserve Bank governor Graeme Wheeler wants a greater debate on how to boost New Zealand's soggy productivity levels as a means of boosting the nation's living standards. More >>

RBNZ approves Kiwibank bonds

Thursday, 10 August 2017, 6:29 pm | BusinessDesk

Aug. 10 (BusinessDesk) - The Reserve Bank will recognise two bonds issued by state-owned Kiwibank as regulatory capital under the Capital Adequacy Framework, having previously rejected them. More >>

UPDATE: Trans-Tasman Resources gets green light

Thursday, 10 August 2017, 6:28 pm | BusinessDesk

(recasts to add comments from TTR chairman as well as detail and comment from those opposed to the decision throughout) More >>

Grant Thornton New Zealand Partner Appointment

Thursday, 10 August 2017, 4:35 pm | Grant Thornton

10 August 2017 - Grant Thornton New Zealand is delighted to announce the appointment of Kylie Meyer as a Partner in its Christchurch office. More >>

Lions fans help to boost Hawke’s Bay visitor growth

Thursday, 10 August 2017, 4:30 pm | Hawke's Bay Tourism

Statistics New Zealand has released their latest Commercial Accommodation Monitor (CAM) report for June 2017, and Hawke’s Bay is showing an increase in visitor nights of 11.9% for the month and an increase of 11.2% for the year-end June 2017. More >>

Kilmarnock’s newly opened ‘Basecamp’ a success

Thursday, 10 August 2017, 4:00 pm | Kilmarnock Enterprises

Kilmarnock’s new premises have been officially opened today by Prime Minister Bill English, in Wigram Business Park. More >>

Retail finance to be fast tracked by ZipMoney Investment

Thursday, 10 August 2017, 3:26 pm | GlobalData

According to GlobalData, a recognized leader in providing business information and analytics, Westpac’s A$40m investment in ZipMoney could change the entire retail finance market in Australia. More >>

Reserve Bank Recognises Kiwibank Capital Instruments

Thursday, 10 August 2017, 3:13 pm | Kiwi Bank

10 August 2017 - The Reserve Bank of New Zealand has today issued a letter of non-objection in relation to the Kiwibank Bonds that, earlier this year, it considered were not compliant with its capital adequacy rules. This decision follows some changes made ... More >>

Trans-Tasman Resources gets green light to mine iron sands

Thursday, 10 August 2017, 2:57 pm | BusinessDesk

Aug. 10 (BusinessDesk) - Trans-Tasman Resources has been given the green light to mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone in the South Taranaki Bight, in a split ruling by the decision-making committee. More >>

Silvermoon Tactix Announce Team for 2018 ANZ Premiership

Thursday, 10 August 2017, 2:48 pm | Silvermoon

Silvermoon Tactix Announce Team for 2018 ANZ Premiership The Silvermoon Tactix are delighted to announce their squad for the 2018 ANZ Premiership. The Tactix have re-signed a core group of six players from 2017; including Jess Moulds, Silver Ferns Development ... More >>

Delegat managing director Graeme Lord to step down

Thursday, 10 August 2017, 2:46 pm | BusinessDesk

Aug. 10 (BusinessDesk) - Delegat Group, New Zealand's largest listed winemaker, said managing director Graeme Lord will step down in July 2018 after four years in the role and 19 years with the company. More >>

Collaboration essential for sustainable dairy farming

Thursday, 10 August 2017, 2:45 pm | Fortuna Group

If a future in sustainable farming is to be achieved in the coming years, companies in both the private and public sector need to be working both faster and more collaboratively, says dairy farm investment company Fortuna Group. More >>