NZ dollar holds near two-month high ahead of inflation data
By Paul McBeth Jan. 26 (BusinessDesk) - The New Zealand dollar held near a two-month high ahead of consumer prices data expected to show the pace of inflation has returned to the Reserve Bank's target band adding to the case for interest rate hikes this year. The kiwi trad...
NZ public sector returns to top spot in corruption perception index
By Paul McBeth Jan. 25 (BusinessDesk) - New Zealand's public sector reclaimed the top spot in Transparency International's corruption perception index in a year when policymakers pushed through legislation targeting organised crime and corruption, and clamped down on the poten...
HEB Construction sinks into the red in 2016 as $30.8M written off major project
By Paul McBeth Jan. 25 (BusinessDesk) - HEB Construction, which was bought by France's Vinci Group in 2015 for 43 million euros, sank into the red last year after it wrote down the value of a major project by almost $31 million. The Drury-based company reported a loss of $...
Govt hikes minimum wage 3.3% to $15.75/hour
By Paul McBeth Jan. 24 (BusinessDesk) - Workplace Relations Minister Michael Woodhouse today announced the minimum wage will rise 50 cents from April 1 to $15.75 per hour, or about 53 percent of the average hourly rate. The 3.3 percent increase will directly benefit 119,50...
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