Tuesday, 21 November 2017

Business News

  • Retail NZ Welcomes Government Commitment on GST

    14:50 | 15/11/17
    Retail NZ has welcomed comments by Revenue Minister the Hon. Stuart Nash that the Government will "absolutely" move to make foreign websites register for GST. more»
  • Tourism students given financial boost

    14:46 | 15/11/17
    Three Kiwi school-leavers planning a career in tourism have each got a $2500 financial boost as the recipients of the 2018 Tourism Industry New Zealand Trust (TINZT) Academic Scholarships. The scholarship winners were announced at Tourism Summit Aotearoa in ... more»
  • Strong result for iwi marks 20 year milestone

    14:26 | 15/11/17
    Twenty years on from the settlement of its claim with the Crown, South Island iwi Ngai Tahu continues to grow its wealth and has achieved a net profit of $126.8m for the year ended 30 June 2017. more»
  • Westpac capital requirements increased

    14:17 | 15/11/17
    Westpac New Zealand Limited (Westpac) has had its minimum regulatory capital requirements increased after it failed to comply with regulatory obligations relating to its status as an internal models bank. more»
  • Statement from Westpac New Zealand

    14:14 | 15/11/17
    The Reserve Bank of New Zealand (RBNZ) has informed Westpac New Zealand Limited (WNZL) of its decision following a review of WNZL’s compliance with aspects of its advanced internal ratings-based (IRB) accreditation. The decision applies only to WNZL and ... more»
  • Outcome of FMA investigation into Goldman Sachs NZ Ltd

    14:04 | 15/11/17
    The Financial Markets Authority (FMA) has concluded an investigation into certain trading activity by Goldman Sachs New Zealand LTD (GS). The GS investigation was prompted by concerns arising from an investigation into trading by Mark Warminger ... more»
  • NZ house sale slump eases in October, drop in turnover slows

    13:12 | 15/11/17
    Nov. 15 (BusinessDesk) - New Zealand's housing market perked up last month as sales volumes fell at a slower pace, having slumped in the lead-up to the September general election.  more»
  • NZ financial risks have stabilised - S&P

    13:09 | 15/11/17
    Nov. 15 (BusinessDesk) - The risks facing New Zealand's financial system have stabilised as house price inflation and credit growth slow due to tighter macroprudential tools implemented by the Reserve Bank and higher lending rates, Standard & Poor’s ... more»
  • One further farm confirmed with Mycoplasma bovis

    12:39 | 15/11/17
    The Ministry for Primary Industries (MPI) confirms that one of two Waimate district farms placed under restrictions last week has tested positive for Mycoplasma bovis infection. more»
  • Foley Family Wines buys Mt Difficulty for $55 million

    12:36 | 15/11/17
    Nov. 15 (BusinessDesk) - Foley Family Wines, which is controlled by US businessman Bill Foley, has bought Mt Difficulty Wines for about $55 million, subject to Overseas Investment Office approval. more»
  • Mainfreight disappointed with mixed results

    12:32 | 15/11/17
    Nov. 15 (BusinessDesk) - Mainfreight, the transport and logistics group, posted a 1.1 percent gain in first-half profit as strong trading in Australia and improving results in Europe were offset by weaker results in the Americas and Asia. The company ... more»
  • Abano says first-half profit may fall

    12:31 | 15/11/17
    Nov. 15 (BusinessDesk) - Abano Healthcare Group says first-half profit may fall because recent dental clinic acquisitions across the Tasman won't deliver immediate gains and the relocation of its biggest Lumino practice attracted some costs.  more»
  • Deer velvet joint venture aims for a “world-first”

    11:49 | 15/11/17
    The NZ deer industry has agreed to support one of South Korea’s largest pharmaceutical companies in its plans to develop and market a product with proven health benefits based on NZ deer velvet.  more»
  • Mobil to Restore Lyttelton Terminal Fuel Storage Capacity

    11:47 | 15/11/17
    Mobil Oil New Zealand Limited (Mobil) today announced plans to improve fuel supply capacity for the South Island with the construction of two tanks at its fuel terminal in Lyttelton. more»
  • Benefits of Max Frank Pecafil Steel Formwork

    11:30 | 15/11/17
    The rate of construction work being done to modernise New Zealand is increasing. In the year ended September 2017, non-residential building consents across the country totalled $6.4 billion – up 5.9 percent from the September 2016 year. The need for ... more»
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