Thursday, 23 February 2017

Business News

  • Pressure on Parliament to Support GM Free Growing Regions

    09:41 | 21/2/17
    The pressure to protect Hawke’s Bay’s GM Free status mounts as the Prime Minister, Ministers and MPs descend on Hastings for a major economic summit hosted by Ngati Kahugnunu. more»
  • 17 jobs lost, more to go under WCC's living wage policy

    09:22 | 21/2/17
    Seventeen parking wardens contracted by Wellington City Council were not rehired in-house, with further job losses inevitable under the Council’s living wage policy, according to a new report written by Jim Rose for the New Zealand Taxpayers’ Union ... more»
  • Statement from WCC CEO Kevin Lavery on a Living Wage report

    09:13 | 21/2/17
    “A report released today alleges that 17 Wellington City Council staff lost their jobs due to the implementation of the Living Wage. This is factually inaccurate. Wellington City Council chose to bring our Parking Warden roles in house over two ... more»
  • Living Wage rate will increase to $20.20 on 1 July 2017

    09:11 | 21/2/17
    The official 2017 New Zealand Living Wage is $20.20. The 40 cent increase will come into effect on 1 July 2017.  more»
  • HiFX Morning Update, February 21, 2017

    09:09 | 21/2/17
    The NZDUSD opens at 0.7184 (mid-rate) this morning. With the US enjoying a long weekend and with very little in the way of economic data releases both currency and equity markets have traded sideways over the past 24hrs. Yesterday’s PPI data release ... more»
  • While you were sleeping: Unilever stock drops

    07:42 | 21/2/17
    Feb. 21 (BusinessDesk) - European equities moved higher as gains in bank stocks offset a drop in Unilever shares after Kraft Heinz abandoned its bid to combine the two companies.  more»
  • English criticises Super Fund CEO's pay rise

    22:52 | 20/2/17
    Feb. 20 (BusinessDesk) - Prime Minister Bill English has criticised the board of the New Zealand Superannuation Fund for lifting its chief executive's pay 36 percent last year, and suggested there could be a shakeup in how CEOs of the largest state ... more»
  • NZ dollar slips in tussle

    22:50 | 20/2/17
    Feb. 20 (BusinessDesk) - The New Zealand dollar fell in subdued trading as traders looked ahead to the GlobalDairyTrade auction this week and the release of minutes of the latest Federal Reserve meeting. more»
  • High Court rules Dotcom, co-accused eligible for extradion

    22:47 | 20/2/17
    Feb. 20 (BusinessDesk) - Internet entrepreneur Kim Dotcom and his three co-accused are eligible for extradition to the USnited States, New Zealand's High Court ruled in a judgment published today. more»
  • MARKET CLOSE: NZ shares mixed, gains for Auckland Airport

    22:46 | 20/2/17
    Feb. 20 (BusinessDesk) - New Zealand shares were mixed with Auckland International Airport and Spark New Zealand gaining while Chorus and Sky Network Television dropped.  more»
  • Simply Wall St launches in New Zealand

    17:31 | 20/2/17
    Simply Wall St , a popular fintech startup aiming to replace human stock brokers, has announced it is launching its services in Canada and New Zealand, as addition to the currently covered markets of US, UK and Australia.  more»
  • Research indicates digital skills shortage in NZ

    17:23 | 20/2/17
    Half of Kiwis in the workforce admit they need to acquire more digital skills in order to guarantee their future employability.  more»
  • Privacy Commissioner: Westpac wrong to release bank records

    17:23 | 20/2/17
    Feb. 20 (BusinessDesk) - The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation ... more»
  • FMA: full pedal ahead, and a bit of tacking

    17:09 | 20/2/17
    The Financial Markets Authority has refreshed its foundation Strategic Risk Outlook ( SRO ), published in 2015. It plans to steam ahead on its current course, with some slight repositioning to deal with emerging risks. more»
  • New headquarters to double impact across Auckland

    16:53 | 20/2/17
    Auckland’s fresh food rescue organization KiwiHarvest, will open its brand new headquarters this month, in a bid to double its impact and reach more Aucklanders in need. more»
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