Tweak taxes, lift minimum KiwiSaver contributions, FSC urges

Tweak taxes, lift minimum KiwiSaver contributions, FSC urges

By Paul McBeth Sept. 7 (BusinessDesk) - The Financial Services Council is urging the government to add sweeteners and raise minimum contributions to KiwiSaver if it's serious about ensuring New Zealanders enjoy a well-funded retirement.  The industry lobby for fund managers...

Paul McBeth 06 Sep 2018
NZ dollar falls vs yen as investors seek safe havens ahead of Trump's China tariff decision

NZ dollar falls vs yen as investors seek safe havens ahead of Trump's China tariff decision

By Paul McBeth Sept. 7 (BusinessDesk) - The New Zealand dollar fell against the yen as investors flocked to the relative safety of Japan's currency ahead of US President Donald Trump's decision on whether to impose tariffs on another US$200 billion of Chinese imports.  The...

Paul McBeth 06 Sep 2018
Govt dangles sweeteners in pitch for KiwiBuild offsite manufacturers

Govt dangles sweeteners in pitch for KiwiBuild offsite manufacturers

By Paul McBeth Sept. 6 (BusinessDesk) - The government is dangling access to Regional Economic Development Minister Shane Jones's provincial growth fund in an effort to lure firms interested in setting up offsite manufacturing (OSM) factories to back the KiwiBuild construction...

Paul McBeth 06 Sep 2018
Allan Gray cuts NZME stake after weak earnings trigger 22% slump

Allan Gray cuts NZME stake after weak earnings trigger 22% slump

By Paul McBeth Sept. 6 (BusinessDesk) - Australian investment firm Allan Gray has halved its stake in NZME since the local media group reported underwhelming earnings last month, spurring a 22 percent slide in the share price.  The Sydney-based fund manager was NZME's bigge...

Paul McBeth 06 Sep 2018