NZ employment confidence improves as increased wages lift optimism
By Paul McBeth April 4 (BusinessDesk) - New Zealand workers grew more optimistic for a second quarter as a growing number of people earned more than they did a year earlier. The Westpac-McDermott Miller Employment Confidence Index rose 3.3 points to 104.8 in the March quar...
IkeGPS says 2016 sales near bottom of guidance on late orders
By Paul McBeth April 4 (BusinessDesk) - IkeGPS says annual sales were at the bottom end of its lowered guidance with $2.2 million of orders received in the final month of its current financial year to be booked in the 2017 financial year. The Wellington-based company said...
NZ dollar heads for 3.2% weekly gain as Yellen takes sheen off greenback
By Paul McBeth April 1 (BusinessDesk) - The New Zealand dollar is heading for a 3.2 percent weekly gain against the greenback after US Federal Reserve chair Janet Yellen's cautious outlook on the US economy saw investors dial back expectations for a rise in US interest rates a...
OIO rejects poor quality applications, beefs up team to speed up process
By Paul McBeth April 1 (BusinessDesk) - The Overseas Investment Office, the unit of Land Information New Zealand that assesses foreign investment, is taking a harder line in rejecting applications that need more work and has expanded its team in an effort to speed up the proce...